Main Iron Works Delivers 10th Vessel for Ingram Marine Group
Benny Cenac Jr.’s Houma based Main Iron Works Company has completed the 10th boat newbuild for Ingram Marine Group. This partnership with Main Iron Works and Ingram began in 2021 and included the construction of 10 new towboats to be completed by the end of 2024. The first towboat, the Adrienne M. Moore was delivered to Ingram on March 30, 2021 with the 10th and last - M/V David North - delivered on January 29, 2025.M/V David North measures 69 x 30 x 10.5-ft.
Veson Nautical: Three Impacts of the IMO’s New Fuel Intensity Target on S&P Activity
The International Maritime Organization (IMO) recently hosted the 83rd meeting with the Marine Environmental Protection Committee (MEPC 83), resulting in a new fuel intensity target, which is set to come into force no later than March 2027.This new regulation is similar to the Fuel EU regulation enforced this year, but with global fleet coverage. The major effect of this new IMO GHG regulation will be to enforce a financial penalty for using cheaper…
US Plans Alaska LNG Summit, Hoping Japan and South Korea Will Support the Project
U.S. President Donald Trump's energy security council plans to host a summit in Alaska in early June, when it hopes Japan and South Korea will announce commitments to the Alaska LNG project, a source familiar with the matter said on Thursday.Trump has touted the $44 billion Alaska liquefied natural gas project, which would deliver gas from the state's North Slope fields via an 800-mile (1,300-km) pipeline for domestic use and also ship it to customers in Asia as LNG…
Vehicle Carriers Seek Relief from USTR Port Fees
Operators of hulking car carriers are seeking relief from the U.S. Trade Representative's surprise plan to levy port fees on all foreign-built ships in that segment, including 20 vessels that guarantee transport for the U.S. military during a war or national emergency, three sources told Reuters.USTR announced the fees on April 17 as part of an ongoing effort to hit certain China-linked ships calling at U.S.
Wartsila CEO: Tariffs to Affect Battery Storage Business, Avoiding Marine Division
Finland's Wartsila said U.S. tariffs were impacting its battery storage business while rising trade tensions could push back clients' investment decisions, after its quarterly operating earnings missed market expectations on Friday.Shares of Wartsila, which builds ship engines and power plants, fell up to 4.5% in volatile early trading, but flattened by 0940 GMT.Wartsila's CEO Hakan Agnevall told Reuters that he saw no major direct impact from U.S.
ScottishPower's Monopile Installation Sets Foundation for Record-Breaking Offshore Windfarm
The offshore construction program for ScottishPower’s biggest-ever renewables project is officially underway with the installation of the first foundation for the green energy company’s USD$5.3 billion (£4 billion) East Anglia THREE offshore windfarm.Standing at 83.89 meters tall, 10.6 meters in diameter and weighing 1,800 tons, the monopile also represents a new offshore wind industry record, becoming the largest installed to date from a jack-up vessel in Europe.The monopile…
16th-Century Iron Salvaged From Swedish Shipwreck Offers Clues to Trade History
Swedish archaeologists are studying a rare discovery from a 16th-century shipwreck near Stockholm, hoping it will shed light on the history of trade and industry in the Baltic region and Sweden during that era.In May 2024, a barrel containing pieces of iron known as osmond was raised from the shipwreck in the waters off Dalaro in the Stockholm archipelago.Osmond is a form of iron associated with the…
Prosecutors Accuse Shipbuilder Damen of Corruption, Violating Sanctions
Dutch prosecutors said on Friday they had summoned shipbuilder Damen Shipyards on suspicion of violating EU sanctions against Russia and opened a separate case against…
Wind and Biofuel Power Odfjell’s First Near Carbon-Neutral Transatlantic Voyage
Odfjell’s chemical tanker Bow Olympus is currently crossing the Atlantic powered by a combination of wind-assisted propulsion and a certified sustainable 100% biofuel, marking the company’s first near carbon-neutral transatlantic voyage.Real-time data from the voyage confirms that the dual propulsion approach is both technically feasible and impactful, as the vessel’s GHG emissions on the current voyage…
Trump Order Fast Tracks Subsea Mining
President Donald Trump signed an executive order aimed at boosting the deep-sea mining industry, marking his latest attempt to boost U.S. access to nickel, copper and other critical minerals used widely across the economy.The order, which Trump signed in private, seeks to jumpstart the mining of both U.S. and international waters as part of a push to offset China's sweeping control of the critical…
