Op-Ed: Maritime shift to eco-friendly propulsion in 2024
By Tuomas Riski, CEO, Norsepower As we ease our way into 2024, it’s clear that the winds of change are blowing through the maritime industry. Norsepower, a global provider of mechanical sails
Legal
Venture Global swoops on 9 in-build LNG carriers
Arlington, Va., headquartered U.S. LNG export terminal operator Venture Global LNG is getting into vessel ownership. Yesterday, it announced the acquisition of nine LNG carriers currently under construction by an undisclosed South
U.S. sanctions Houthi-linked vessel Lady Sofia
Continuing to try to stem the flow of Iranian funding to the Houthis, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) took action March 15 against a Mumbai-headquartered,
Houthis target Vietnamese-owned tanker, threaten attacks in Indian Ocean
The situation in the Red Sea gets no calmer. Today brought a report from UKMTO of a Houthi attack on a merchant vessel 76 nautical miles west of Al Hudayah. While UKMTO
FastRig easy retrofit wingsail starts on-land testing
With an increasing number of vessel owners and charterers seeing wind assisted propulsion as a way to cut emissions, FastRig, a wingsail solution that’s been specifically designed for easy retrofitting to existing
Cargill: Six months trial of WindWings produces predicted fuel savings
In its first six months in operation with wind assisted propulsion, the Cargill-chartered bulker Pyxis Ocean has achieved performance consistent with what was predicted, which is equivalent to an average of 3
New AWO video: Safety is everything
The American Waterways Operators has produced a new video highlighting the tugboat, towboat and barge industry’s commitment to safety and its strong record as the safest mode of freight transportation. The two-minute
Cosco Shipping fits its first Iridium GMDSS terminal
The 5,000 vehicle capacity PCTC Cosco Tengfei has become the first vessel in the Cosco Shipping (CSSC) fleet to be fitted with an Iridium Global Maritime Distress and Safety System (GMDSS) terminal.
Houthis target SeaLead containership Pinocchio
The latest merchant vessel targeted by the Iran-backed Houthi terrorist groups is the Liberian-flagged containership Pinocchio, which according to the Equasis data base is operated by Singapore headquartered SeaLead Shipping Pte. According
OSG’s Sam Norton: “We’ve stuck the landing!”
”It would be appropriate to state that we have ‘stuck the landing’ with our fourth quarter performance,” said Sam Norton, president and CEO of Tampa, Fla., headquartered Overseas Shipholding Group, Inc. (NYSE: