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HD Hyundai is developing a plastic rival gas containment system to today’s dominant supplier, Gaztransport & Technigaz (GTT). South Korea’s largest shipyard has just received a general approval for ship application from class society DNV for a new high-strength composite hybrid support system for independent tanks on liquefied gas carriers. In a world-first, HD Hyundai’s …
https://splash247.com/hd-hyundai-unveils-novel-gas-containment-material/
https://splash247.com/hd-hyundai-unveils-novel-gas-containment-material/A British shipyard is closing. A&P Tees is a five-acre site in northeast England primarily focused on ship repair with two drydocks and 240 m of jetty frontage. A&P has two other yards in England. Shipbuilding has taken place at the former Smiths Dock site since the early 1900s. A&P took over the location in …
https://splash247.com/british-shipyard-to-close/
https://splash247.com/british-shipyard-to-close/The US has imposed sanctions on a United Arab Emirates-based shipmanager and 13 vessels linked to its role in shipping commodities on behalf of Iran’s military. The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) said Thursday that Dubai-based Oceanlink Maritime facilitated shipments of unspecified Iranian commodities on behalf of Iran’s Armed …
Mediterranean Shipping Co (MSC) is looking at a potential $63m fine in the US for alleged violations of the Shipping Act, encompassing thousands of contested charges directed at various clients. The US Federal Maritime Commission’s (FMC) Bureau of Enforcement, Investigations, and Compliance has accused the world’s largest liner of charging excessive late fees on non-operating …
https://splash247.com/msc-faces-63m-penalty-in-us-regulatory-dispute/
https://splash247.com/msc-faces-63m-penalty-in-us-regulatory-dispute/Putting some perspective on just how enormous the rerouting of global trade has been in the wake of the Houthi attacks in and around the Red Sea over the past six months, Lars Jensen, founder of liner consultancy Vespucci Maritime, has crunched some astronomical numbers. For the past 112 days – 16 weeks – major …
https://splash247.com/liner-cape-diversions-equivalent-to-a-trip-to-the-moon-every-week/
https://splash247.com/liner-cape-diversions-equivalent-to-a-trip-to-the-moon-every-week/The port of Baltimore could be up and running at full capacity by the end of next month under a tentative timetable released yesterday by the US Army Corps of Engineers (USACE), a plan which also sees another shipping channel open up later this month. The port has been largely closed for the last 11 …
https://splash247.com/industrial-jenga-the-battle-to-reopen-baltimore-port/
https://splash247.com/industrial-jenga-the-battle-to-reopen-baltimore-port/Weather forecasts have plenty of rain heading Panama’s way with many in international shipping predicting that the worst has now passed for a chokepoint that has been badly affected by drought for the past 11 months. Splash has been reporting on the Panama Canal Authority’s (ACP) decision to slash daily transits and draft levels since …
https://splash247.com/panama-canal-restrictions-set-to-ease-as-rains-roll-in/
https://splash247.com/panama-canal-restrictions-set-to-ease-as-rains-roll-in/Offshore towage specialist Kotug International has signed a framework agreement with Padmos for the construction of the entire lineup of its fully electric pusher boats. The electric pusher tugs, known as E-Pushers, have three models depending on size – the S, M, and L. The series sizes range from 9–22 meters in length, with a …
https://splash247.com/kotug-pens-deal-with-padmos-for-construction-of-electric-pusher-tugs/
https://splash247.com/kotug-pens-deal-with-padmos-for-construction-of-electric-pusher-tugs/Over the past eight quarters, ship recycling of bulkers, tankers and container ships has dropped to the lowest level in 20 years. “A combination of strong demand following a series of market shocks and low orderbooks have kept older ships operating for longer than usual…
https://www.marinelink.com/news/demand-shocks-drive-ship-recycling-lowest-512755
https://www.marinelink.com/news/demand-shocks-drive-ship-recycling-lowest-512755Mitsui O.S.K. Lines (MOL) has started commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in Indonesia.MOL owns the FSRU through PT Jawa Satu Regas (JSR), jointly established by PT Pertamina (Persero)…
https://www.marinelink.com/news/mol-puts-fsru-indonesias-jawa-lng-power-512761
https://www.marinelink.com/news/mol-puts-fsru-indonesias-jawa-lng-power-512761