South Korea’s HD Korea Shipbuilding & Offshore Engineering (KSOE) and KEPCO Engineering and Construction Company have become the latest partnership to propose designs for a floating offshore nuclear power barge. Multiple efforts are underway to explore the potential of a new generation of small nuclear reactors and emerging technologies such as molten salt reactors as a cost-effective means of creating…
The volume of U.S. logistics warehousing construction starts has plunged to its lowest levels in nearly 10 years as higher interest rates and weaker end demand have combined to virtually shut down new construction, according to a commercial real estate research firm. According to CoStar, not since the first quarter of 2014 have logistics construction starts — defined as concrete…
Newport News Shipbuilding has hit a significant and new milestone in building a Virginia-class sub dubbed Arkansas (SSN 800). The latter is now pressure hull complete, indicating that all hull sections have been blended to form one watertight unit. Photo by Ashley Cowan / HII NNS is one of the two shipyards capable of building and designing nuclear-powered subs. The…
Sri Lankan Navy file image Sri Lanka has confirmed receiving further compensation for pollution from the lost container ship X-Press Pearl, which burned and sunk off Colombo in 2021. Speaking to local media over the weekend, Sri Lankan Minister of Justice Wijeyadasa Rajapakshe said the interim payment made by the vessel’s insurers would help to cover beach cleanup activities and compensate fishermen…
Ecospray, the Italian company specialized in integrated solutions for the sustainable conversion of maritime and land-based industries, announced in Athens, Greece, the finalization of its first two Carbon Capture technologies for the maritime sector. They will be available on the market as of Q1 2024 and will enable the capture of up to 80% of the CO2 emitted during ship…
During a research expedition led by Linnaeus University and Stockholm University to the deepest parts of the Baltic Sea in the Landsort Deep researchers recently discovered an area with extensive emissions of the powerful greenhouse gas methane from the bottom sediments. The area where the methane leak was discovered is located in the Landsort Deep (Landsortsdjupet), about 30 kilometres southeast…
Singapore retained its lead as the world’s top maritime centre in the Xinhua- Baltic International Shipping Centre Development (ISCD) Index. This is the 10th consecutive year that Singapore has achieved this. 2. The latest Xinhua-Baltic ISCD index published this year by the Baltic Exchange and China’s Xinhua News Agency, ranked Singapore as the leading maritime centre among 43 global maritime…
Fincantieri Bay Shipbuilding began construction today a 289-foot service operation vessel (SOV) for a Crowley-ESVAGT joint venture that will house and transport technicians to maintain U.S. offshore wind farms. This vessel, for the joint venture CREST Wind, will operate under a long-term charter with Siemens Gamesa Renewable Energy. Today marked the ceremonial start of construction for the vessel, and senior…
Amazon and Maersk have closed on a contract agreement for moving about 40,000 TEU worth of cargo using green biofuel. The partners have reached similar agreements for the past four years, but this is the first time that the mix will be supplemented by green methanol as a second alternative fuel. Amazon will have containers on Maersk’s first-ever methanol-fueled feeder…
Greek authorities are investigating after a cargo ship and a containership collided in the Ionian Sea on the western side of Greece overnight. While there appears to have been only minor damage to the vessels, they are trying to understand what caused a fire to break out aboard the Malta-registered feeder ship Libertas H. The two vessels were traveling in the…