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Supply Chain Shocks: Ocean Shipping Challenges Abound

Pier 300 Port of Los Angeles. Photo courtesy Port

Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo,

Some 28% of U.S. Gulf of Mexico Crude Output Offline

Louisiana Offshore Oil Port, Pumping Platform Comp

U.S. Gulf Coast crude oil exports are flowing again after recent hurricanes took out 26 million barrels of offshore production, according to sources and Refinitiv Eikon data, with local prices easing as more shipments moved out of the region.

CIMAC World Congress: The Place Where the Large Engine Industry Meets

© spyrakot/AdobeStock

Every three years, the large engine industry meets for the CIMAC World Congress. Next year, after Helsinki in 2016 and Vancouver in 2019, Busan in South Korea will host the CIMAC Congress from June 13 -17, 2022.

Shipbuilding

Hyundai Heavy Industries Shares Jump Above IPO Price on Debut

(Photo: Hyundai Heavy Industries)

Hyundai Heavy Industries' shares closed 86% above their initial public offering (IPO) price on

The Path to Zero: Navigator Gas Earns AiP for Ammonia Fueled Gas Carrier

Navigator Gas, the owner and operator of the world

Navigator Gas was awarded an Approval in Principle (AiP) for an ammonia fueled gas carrier design

V-Bunkers Orders Pair of Electric-Hybrid Bunker Tankers

V-Bunkers placed an order to build two electric-hy

Vitol’s Singaporean bunker operations company, V-Bunkers, placed an order to build two

Contracts

MOL Orders Four LNG Carriers for NOVATEK Charter

(Photo: MOL)

Mitsui O.S.K. Lines (MOL) on Tuesday announced it has ordered four new liquefied natural gas (LNG)

Evergreen Marine Renews LTSSP Contract with Kongsberg Digital

With the support program, Evergreen Marine Corpora

Kongsberg Digital (KDI) announced that its long-term system support program (LTSSP) contract with

US Navy Awards Shipyard Modernization Contract

FILE PHOTO: USS Nimitz (CVN 68) at Puget Sound Nav

The U.S. Navy has awarded a $500-million design contract for the modernization of two of its

Technology

Kongsberg to Deliver Vessel Insight for 26 Island Offshore Vessels

An Island Offshore Platform Supply Vessel - Credit

Norwegian offshore vessel owner Island Offshore has tasked Kongsberg Digital with equipping its

Marine Battery Firm Corvus Plans 4Q IPO

File Image - Credit: Corvus Energy

Marine battery maker Corvus plans an initial public offer (IPO) in the fourth quarter

Ecochlor’s Filterless EcoOne & EcoOne Hybrid BWMS Get IMO Type Approval

Image courtesy Ecochlor

Ecochlor received IMO BWMS Code Type Approval for its EcoOne and EcoOne Hybrid BWMSs from the

Legal

Brazil Port Regulator Targets Bunge, Two Port Agencies in Probe

© Jair / Adobe Stock

Brazil's port regulator targeted the local unit of global grains merchant Bunge and two port

Smugglers Fake Ship Identities to Evade North Korea Sanctions

© Puchthanun / Adobe Stock

Smugglers suspected of evading sanctions on North Korea have turned to schemes to create

Shipping Industry Proposes Levy to Accelerate Zero Carbon Future

Credit; diegocardini/AdobeStock

Leading shipping associations have proposed creating a global levy on carbon emissions from ships

People & Company News

Fitzgerald Honored as he retires from the U.S. Coast Guard Reserve

Freehill Hogan & Mahar LLP Partner Daniel Fitzgera

Freehill Hogan & Mahar LLP Partner Daniel Fitzgerald retired from the U.S. Coast Guard Reserve in

Austal USA Appoints Murdaugh as President

Rusty Murdaugh (Photo: Austal USA)

Australian shipbuilding group Austal Limited announced its Austal USA arm has appointed Rusty

FuelTrax, TOPL Partner on BaaS Platform to enhance Energy Trade Transparency

Photo; AdobeStock

FuelTrax has partnered with Topl to use Topl’s Blockchain-as-a-Service (BaaS) platform to meet the

Maritime Apps