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To unwind the shadow fleet of tankers too quickly could cause a severe global economic shock, a new report has warned. The grey tanker fleet – as tracked by brokers BRS – has grown in size by 17% this year to number 787 units, equivalent to 8.5% of total tanker capacity. With more large ships …
https://splash247.com/regulating-the-staggering-shadow-fleet-too-fast-could-cause-global-economic-shock/
https://splash247.com/regulating-the-staggering-shadow-fleet-too-fast-could-cause-global-economic-shock/Negotiations for the development of Tanzania's $42 billion liquefied natural gas export plant have been delayed by proposed government changes to a financial agreement reached last year, a government spokesperson and two company sources said.The…
https://www.marinelink.com/news/tanzanian-lng-project-delayed-government-513493
https://www.marinelink.com/news/tanzanian-lng-project-delayed-government-513493South African Nouum Engineering, a provider of diesel engine services for marine, power, locomotive and generators globally, and Mauritius-based ship repair and conversion yard Taylor Smith Shipyard (TSS) have signed a cooperation agreement…
https://www.marinelink.com/news/taylor-smith-shipyard-partners-nouum-513494
https://www.marinelink.com/news/taylor-smith-shipyard-partners-nouum-513494Salvage crews within the Key Bridge Unified Command continue to prepare for the complex task of removing the large piece of bridge lying on top of the M/V Dali.Prior to removing the bridge piece, salvage teams must meticulously analyze and factor…
https://www.marinelink.com/news/inclinometers-readied-dali-operations-513495
https://www.marinelink.com/news/inclinometers-readied-dali-operations-513495NYK Line, NYK Trading Corporation, Azbil Yamatake Friendly and Kayama Kogyo have begun recycling vehicle lashing belts that have passed their expiration dates for use on NYK-operated car carriers.Azbil Yamatake Friendly collects the belts and…
https://www.marinelink.com/news/used-vehicle-lashing-belts-recycled-solid-513497
https://www.marinelink.com/news/used-vehicle-lashing-belts-recycled-solid-513497Pierre Aury dissects the merger between Star Bulk and Eagle Bulk. December 11 last year saw Star Bulk Carriers Corp and Eagle Bulk Shipping announce that: “the companies have entered into a definitive agreement to combine in an all-stock merger on a Net Asset Value to Net Asset Value (“NAV”) basis with a pro forma …
https://splash247.com/why-fleet-growth-is-not-a-guaranteed-recipe-for-success/
https://splash247.com/why-fleet-growth-is-not-a-guaranteed-recipe-for-success/The developer of an innovative towboat engineered to run on hydrogen generator technology has signed a Design Basis Agreement (DBA) with the U.S. Coast Guard, helping to clear the regulatory path toward the vessel's eventual entry into service.The first-of-its-kind vessel…
https://www.marinelink.com/news/maritime-partners-uscg-ink-design-basis-513474
https://www.marinelink.com/news/maritime-partners-uscg-ink-design-basis-513474When Bertrand Charrier worked with Jacques Cousteau four decades ago on the development of a revolutionary sail for the maritime industry, the time for widescale adoption of wind power wasn’t right. Now, he argues, there’s simply no time to…
https://www.marinelink.com/news/power-sailing-toward-shippings-climate-513475
https://www.marinelink.com/news/power-sailing-toward-shippings-climate-513475The U.S. Navy's efforts to build a fleet of unmanned vessels are faltering because the Pentagon remains wedded to big shipbuilding projects, according to some officials and company executives, exposing a weakness as sea drones reshape naval…
https://www.marinelink.com/news/sea-drone-warfare-arrived-us-floundering-513477
https://www.marinelink.com/news/sea-drone-warfare-arrived-us-floundering-513477O3S – Oil Senegal Support Services, a homegrown Senegalese operator servicing the country's fledgling offshore energy sector, has ordered a new 36-meter fast supply vessel (FSV) from Singaporean shipbuilder Penguin International. Construction on the new FSV is expected to start later this year…
https://www.marinelink.com/news/senegals-os-orders-fast-supply-vessel-513479
https://www.marinelink.com/news/senegals-os-orders-fast-supply-vessel-513479