Greek liquefied natural gas (LNG) shipping player GasLog has teamed up with South Korea’s Daewoo Shipbuilding and Marine Engineering (DSME) and American class society ABS to develop an onboard CO2 capture and storage system (OCCS). Under a joint development project initiated at Posidonia, the three...
https://splash247.com/gaslog-to-outfit-lng-carrier-newbuilds-with-carbon-capture-tech/
Vantage Drilling has secured a drilling services contract with TotalEnergies for the ultra-deepwater drillship, . The contract will see the 2013-built drillship employed for a minimum duration of 225 days. The deal also comes with three extension options attached. The Houston-based offshore...
https://splash247.com/vantage-drilling-scores-drillship-contract-with-totalenergies/
President Biden recently spoke by phone with several retailers and farmers to discuss ocean shipping costs and the impacts of those costs on their businesses. In a Twitter post that included excerpts of those calls, he said: “One of the reasons prices have gone up is because a handful of companies...
https://splash247.com/president-biden-disparages-ocean-carriers-calls-price-increases-outrageous/
The American Apparel & Footwear Association, the Retail Industry Leaders Association and the Travel Goods Association jointly sent a letter this week to President Biden and Vice President Harris regarding the ongoing International Longshore and Warehouse Union (ILWU) and Pacific Maritime...
https://splash247.com/groups-urge-white-house-to-engage-in-ports-labour-negotiations/
San Francisco-based freight forwarding and customs brokerage Flexport has appointed former Amazon top executive Dave Clark as its new chief executive officer and board member. Clark is set to join on September 1 and act as co-CEO with Flexport founder Ryan Petersen for six months, after which the...
https://splash247.com/former-amazon-executive-dave-clark-to-head-up-flexport/
The Federal Maritime Commission (FMC) in the US yesterday approved a settlement agreement reached between its Bureau of Enforcement (BoE) and German line Hapag-Lloyd where the ocean carrier will pay a $2m civil penalty to address alleged violations related to their detention and demurrage...
https://splash247.com/fmc-dishes-out-2m-fine-to-hapag-lloyd/
A bill passed this week by Rhode Island’s Senate will require the development of 600 megawatts of new offshore wind capacity if enacted. The legislation now heads to the state’s House of Representatives for consideration. Rhode Island is already home to the 30 MW Block Island Wind Farm, North...
https://splash247.com/rhode-island-bill-seeking-offshore-wind-development-passed-by-states-senate/
The US Federal Maritime Commission (FMC) is establishing three new initiatives that will provide enhanced assistance to shippers, continue to improve legal and regulatory compliance of regulated entities, and focus on remedies to supply chain problems. The Commission will establish a new and...
The Port of Québec has partnered up with shipping risk management organisation RightShip to use its greenhouse gas (GHG) rating tool when assessing the emissions of ships entering its waters. As part of its EcoCargo incentive programme, the port offers discounts of up to 30% on port fees to...
https://splash247.com/quebec-port-taps-rightship-data-to-offer-green-incentives-to-shipowners/
The potential for carbon markets and pricing to reshape global shipping, as well as the impact of the emerging hydrogen and carbon value chains, are explored in-depth in the latest support for the industry’s decarbonisation ambitions from class society ABS, which is now predicting a far quicker...