17 JAN 2022 There was a brisk wind blowing off Canada’s Pacific coast as the small boat approached the beach on its perilous mission. Cold, salty sea-spray was blowing back, stinging the faces of the volunteers as they were trying to steady themselves along with their burlap bags and equipment, …
Read More »EPRI: FLOATING NUCLEAR POWERPLANTS COULD DECARBONIZE SHIPPING
16 JAN 2022 The Palo Alto-based energy think tank EPRI has released a novel proposal to manufacture green fuels using electricity from a small nuclear power plant – at sea. EPRI’s researchers suggest that the shipbuilding industry’s know-how could be combined with next-generation reactor technology to build floating fuel stations at a …
Read More »PORT CONGESTION COST SHIPPERS MILLIONS IN ADDED INTEREST EXPENSES
15 JAN 2022 While there has been extensive attention on how increased shipping times, congestion at the ports, and backlogs along the supply chain were leading to short supplies that consumers were experiencing, the delays were also further adding to retailers’ total cost of goods. A new analysis from project44, …
Read More »CREW CHANGE CRISIS IS WANING, BUT OMICRON COULD BRING IT BACK
14 JAN 2022 The latest numbers from the Neptune Declaration on Crew Change appear to show good news for seafarers: The number of mariners working on an extended contract has fallen to its lowest level since at least May 2021, a major improvement in a key metric for morale. Out of a sample …
Read More »SHIPOWNERS ORDERED RECORD NUMBER OF LNG-FUELED VESSELS IN 2021
15 JAN 2022 Orders for new LNG-fueled ships reached record highs in 2021 as shipowners look for near-term solutions to meet environmental regulations and improve the performance of their fleet. Orders were placed for all the major segments of shipping with penetration increasing in the major categories. At the same …
Read More »AUSTRALIA’S LABOR PARTY REVIVES CALL FOR A NATIONAL SHIPPING FLEET
14 JAN 2022 The Australian Labor Party has revived plans for the creation of an Australian flagged “strategic fleet” of at least 12 ships to shield the country from supply chain disruption, especially during times of natural disaster or international conflict. The opposition leader and head of the Labor party, …
Read More »SIX VESSELS TO DEMONSTRATE NEW DESIGN CONCEPT FOR RIVER/COASTAL CARGO
13 JAN 2022 A design and engineering team based in the Netherlands introduced its new design concept for what it is calling a future proof small general cargo ship suited for river and coastal operations. They also said an initial order has been placed for six of the ships which …
Read More »FOR THE FIRST TIME, A U.S. NAVY CARRIER DEPLOYS WITH A FEMALE CO
12 JAN 2022 On Monday, the USS Abraham Lincoln departed San Diego with her escorts, becoming the first nuclear-powered carrier to deploy under the leadership of a female commanding officer. Capt. Amy Bauernschmidt, the first female carrier CO in Navy history, took command of Lincoln last August, relieving Capt. Walt “Sarge” Slaughter. Bauernschmidt was also …
Read More »FUEL PROBLEMS FORCE CONTAINERSHIP TO DIVERT FOR EMERGENCY REPAIRS
11 JAN 2022 A South Korean containership was forced to turn around in the Pacific and seek a port of refuge after reportedly suffering an engine problem that is being blamed on a fuel problem. SM Line’s SM Busan, a 6622 TEU containership, arrived in Victoria, Canada where officials are reporting …
Read More »U.S. NATURAL GAS FACES HIGH VOLATILITY IN 2022
10 JAN 2022 By Gerson Freitas Jr, Sergio Chapa and Natalia Kniazhevich (Bloomberg) — U.S. natural gas is in for another wild year as the insularity that once shielded North American energy consumers from overseas turmoil disintegrates. Benchmark American gas futures climbed almost 45% in 2021 for the strongest annual performance …
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