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Monday, October 26, 2020

Energy News

NYK Acquires Gazocean

On October 22, NYK signed a sales and purchase agreement with France's Total acquiring all of the company’s shares in the ship management company, Gazocean. Based in Marseille, France, and responsible for the management of six LNG carriers, Gazocean is now a wholly owned subsidiary of NYK. The move is designed to strengthen NYK’s ship-management system and expand the company’s LNG transportation business in France. Before the purchase, NYK held 20% of Gazocean shares and Total held 80%.In accordance with its medium-term management plan “Staying Ahead 2022 with Digitalization and Green…

(Photo: Great Lakes Dredge & Dock)

Great Lakes Dredge & Dock Moving Its HQ to Houston

Great Lakes Dredge & Dock Co. announced Thursday it is moving its corporate headquarters to Houston, positioning the nation’s largest dredging services provider nearer to major regional projects and opportunities. The firm will also open regional offices in Jacksonville, Fla., and Staten Island, N.Y.The move to Houston from from Oak Brook, Ill., which stems in part from changing industry dynamics, places the company closer to key regional customers and new markets, especially along the Gulf Coast and the Mississippi River…

Insurer GCube Strengthens Offshore Wind Team

GCube, an insurer for renewable energy projects, hired three new underwriters for its offshore wind team, including Joshua Cantwell, formerly of Talbot Underwriting, and Zoe Massie, formerly of Allianz Global.The appointments come alongside a number of new hires in the U.S. as GCube builds its global presence in the renewable energy insurance sector.Prior to joining GCube, Cantwell held the position of Class Underwriter and subsequently Interim Head of Energy for Talbot Underwriting.He…

Tyrone Walker (Photo: Duluth Seaway Port Authority)

Walker Named to Duluth Seaway Port Authority Board

The Duluth City Council last week appointed Tyrone Walker to the Duluth Seaway Port Authority Board of Commissioners. Walker, an ironworker with Lakehead Constructors and Ironworkers Local 512, succeeds Norm Voorhees, whose final term on the board concluded in early October. Walker’s appointment to the Port Authority board runs through October 10, 2026.Raised in Chicago, Walker relocated to Duluth in 2015 after earning his welding certification. Since then, he has worked on multiple welding and steel-fitting projects throughout the Twin Ports.

The Author: Matt McDonald is the director of off-road business development at the Propane Education & Research Council.

Port Technology: 3 Ways Propane Equipment Boosts Productivity, Bottom Line

Propane port-side equipment offers superior performance, versatilityThe relationship between U.S. ports and America’s economic vitality is undeniably important. Martin Associates, a leading provider of economic and strategic assessments of the world’s transportation systems, analyzed the economic impact of U.S. seaports in a 2018 study, revealing just how critical port operations are. According to the firm’s 2018 National Economic Impact of the U.S. Coastal Port System report, the total economic value that U.S.

Mathieu Philippe, Commercial Director of Bureau Veritas Marine & Offshore (Photo: Bureau Veritas)

Philippe Named Commercial Director of Bureau Veritas Marine & Offshore

Mathieu Philippe has been appointed to the new position of Commercial Director – Marine at classification society Bureau Veritas. Returning to Paris, where he started his career in shipping, Philippe brings extensive experience in commercial ship operations, markets and management to Bureau Veritas. He reports to Marine & Offshore President Matthieu de Tugny, and leads the marine markets team, providing expertise and technology leadership across all major ship types, ship fuel and propulsion technology.With growing compliance requirements and demands for transparency…

Offshore Wind Webinar: North American Opportunities and Challenges

Offshore wind has the potential to impact North America's entire offshore energy, maritime, ports and logistics value chain. An October 22 webinar presented by World Energy Reports, Ørsted and American Bureau of Shipping (ABS) will deliver insights on the current progress, future pace and direction of development in the offshore wind market in North America.When: October 22, 2020, 11:00 a.m. Eastern Time (U.S. and Canada)Register here.

(Photo: Sydney Phoenix / U.S. Coast Guard)

US Army Corps Clearing Debris from Louisiana Calcasieu Ship Channel After Delta

The U.S. Army Corps of Engineers said on Wednesday that it may be able to clear enough debris from Hurricane Delta to open the Calcasieu Ship Channel in Louisiana to vessels drafting up to 30 feet (9.14 m) with restrictions by the end of the week.The Army Corps, however, said it does not have a timeline for restoration to full deep draft (40 feet) traffic.Analysts said a fully laden liquefied natural gas (LNG) tanker has a draft of around 40 feet.

(File photo: Carlos Galarza / U.S. Coast Guard)

Army Corps Assessing Louisiana Calcasieu Ship Channel After Delta

The U.S. Army Corps of Engineers said on Tuesday it has identified three obstructions from Hurricane Delta that have to be removed before it can reopen the Calcasieu Ship Channel in Louisiana to deep draft vessels.The Army Corps, however, said it needs more data before it can estimate how long it will take to dredge the channel.That channel allows tankers to access the Cameron liquefied natural gas (LNG) export plant, the Lake Charles refineries owned by Citgo Petroleum Corp and…

(Photo: Høglund Marine Solutions)

DNV GL's Veracity Partners with Høglund

Høglund Marine Solutions and Veracity by DNV GL have signed a collaboration agreement to explore how the combined strengths of Høglund’s onboard integration and data capture capabilities, and Veracity’s platform architecture and eco-system can help shipowners accelerate their digital initiatives.Høglund is a well-established provider of advanced marine technology to the global shipping industry, specializing in integrated automation and energy solutions. By collaborating with the independent data platform provider Veracity…

© creativenature.nl/adobestock

Opinion: Legislative Loophole Could Keep U.S. Offshore Wind Jones Act Fleet at Dock

The U.S. House of Representatives has passed the Expanding Access to Sustainable Energy Act of 2019, which enforces Jones Act requirements for all offshore renewable energy production. However, the bill's current language has the potential to create a loophole that would leave the U.S. Jones Act fleet on the sidelines. The Jones Act and its applicability to the offshore wind sector has long been debated by politicians, activists, and industry professionals. The act requires components transported between points in the United States to be moved by U.S. built, owned, flagged and crewed vessels.

© Natalia Bratslavsky / Adobe Stock

US, China Reach 31% of Phase One Commitments in 8 Months -BIMCO

In the first eight months of 2020, value of the trade of the commodities included in the Phase One agreement between the U.S. and China reached 30.9% of the total commitments under the agreement, says shipping association BIMCO. The goods are separated into three categories, with manufactured goods closest to reaching the target (36.4%), agricultural goods next (28.8%) and energy goods last (17.4%). The share of commitments reached is measured in value terms, as these form the basis of the agreement.August was the strongest month of the year…

Emily Penn at the helm. © Eleanor Church Larkrise Pictures

A look inside Emily Penn’s eXXpedition

Emily Penn is an ocean advocate and co-founder of eXXpedition. As an artist, skipper and marine explorer, she is leading the world's newest crew of superheroes: those dedicated to saving our planet. Born and raised in England, Penn grew up sailing and was trained as an architect at the University of Cambridge—a career that would pan out very differently than she imagined. Today, with 12 years of action and outreach under her belt, Penn takes an approach to solving our ocean crises that emphasizes collaboration…

(File photo: Helge Hansen / Equinor)

Top Global Traders Push to Cut Shipping Emissions

Some of the world's biggest commodities and energy players on Wednesday launched an initiative to cut and track emissions from the ships they charter as efforts intensify to reduce the maritime industry's carbon footprint.About 90% of world trade is transported by sea, and the UN shipping agency the International Maritime Organization (IMO) aims to reduce overall greenhouse gas emissions by 50% from 2008 levels by 2050.Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, the latest IMO-commissioned study showed, mounting pressure on the

Ricardo Charlton (Photo: Port Everglades)

Port Everglades Appoints Charlton as Operations Director

Broward County’s Port Everglades has appointed Ricardo D. Charlton, BSME, FSO, as its new Director of Operations.Port Everglades is a self-supporting enterprise fund of Broward County, Fla., generating more than $170 million in revenues in fiscal year 2019 (October 1, 2018 – September 1, 2019) and is ranked among the nation’s leading container ports and a world leader in the cruise industry.As Director of Operations, Charlton will oversee a workforce of 95 encompassing the Division’s Harbormaster Office…

Adam Tindall-Schlicht (Photo: Port Milwaukee)

Port Milwaukee Director Tindall-Schlicht Honored by AntwerpXL

Leaders of an international shipping conference have named Milwaukee’s Port Director, Adam Tindall-Schlicht, as an AntwerpXL 40 Under 40 honoree. The award showcases rising stars, under the age of 40, in an important sector of marine commerce.AntwerpXL is a major conference focusing on breakbulk shipping – that is cargo not transported in containers. Port Milwaukee is a significant destination for breakbulk on the Great Lakes.This award is designed to identify and celebrate younger players within the industry…

René Kofod-Olsen (Photo: V.Group)

V.Group Names Kofod-Olsen as CEO

Ship management and marine support services giant V.Group said on Wednesday it has appointed René Kofod-Olsen as the company’s chief executive officer, taking over from Graham Westgarth who will become chairman. Kofod-Olsen will join V. Group on November 1.Kofod-Olsen brings to the role almost three decades of global shipping industry experience. In 2012 he was appointed CEO of Topaz Energy & Marine, a position he held until the company’s successful divestment in 2019. Earlier in his career he worked for the A.P.

(Photo: CMA CGM)

World's Largest LNG-fueled Containership Delivered

The world's largest containership to be powered by liquefied natural gas (LNG) has officially joined the fleet of French container shipping group CMA CGM, during a digital naming ceremony at CSSC’s shipyard in Shanghai.CMA CGM Group’s new flagship, CMA CGM Jacques Saadé, named after the group's founder, is the lead vessel in a series of nine LNG-powered, 23,000 TEU containerships ordered in 2017.Rodolphe Saadé, CMA CGM Group’s chairman and CEO, announced in November 2017 that the vessels would be equipped with LNG-powered engines…

Håkan Agnevall (Photo: Wärtsilä)

Wärtsilä Names Håkan Agnevall as President and CEO

Finland-based marine engine and technology provider Wärtsilä has appointed Håkan Agnevall as its next president and CEO.Agnevall, who currently president of Volvo's bus division, will start in his role no later than in April 2021, succeeding Jaakko Eskola, who will continue with the company as a senior advisor and executive until he retires on June 30, 2021, after 22 years with the group.Agnevall has been with the Volvo Group  since 2013. In the decade prior to that he held various leadership positions in Bombardier and in ABB…

© Mariusz / Adobe Stock

China Outlines Policy for New Storage Bases for Energy, Agri Imports

China is directing authorities in East China’s Zhejiang province to start planning to build stockpiling bases for energy and agricultural products, part of a push to develop regional free-trade zones (FTZs), a government document said on Monday.The directives call for looking at building above-ground and underground facilities to stockpile oil, gas and chemicals in FTZs that encompass 120 square km (46 square miles), including in parts of provincial cities Ningbo, Hangzhou and Jinyi.“(The government will) support experiments to build oil and gas reserves, to undertake greater tasks of governme

Historical growth and prospects of gas investment for short-, medium- and long-term ($ billion). Source: GECF Secretariat, based on data from the GECF GGM

Rolling the Dice in Chaos: The Prospects of Investment in the Gas Industry

As stated in the Declaration of Malabo at the 5th Summit of Heads of State and Government of the GECF Member Countries, in order to sustain the security of demand and supply of natural gas, it is necessary to ensure sufficient investments through the entire gas value chain among all gas market stakeholders [1].Since the start of 2020, every aspect of the global economy, including investment projects in natural gas industry, have been strongly hit by the outbreak of the Covid-19 pandemic.

© Almeida Ilha / MarineTraffic.com

Golar Unit CEO Takes Leave of Absence Amid Corruption Probe

Golar LNG said on Tuesday Hygo Energy Transition Ltd Chief Executive Officer Eduardo Antonello has taken leave of absence with immediate effect, following a corruption investigation involving him in Brazil.Golar said Antonello's leave was in no way linked to any action or misconduct during his tenure at Hygo Energy, a liquefied natural gas transport and infrastructure operator formed with U.S. private equity firm Stonepeak Infrastructure Partners.Antonello's functions will be taken over temporarily by Hygo's board…

© Nord Stream 2 / Axel Schmidt

Germany Offered to Build LNG Terminals to Avert US Pipeline Sanctions

Berlin offered to spend 1 billion euros ($1.2 billion) to build two liquid natural gas terminals in a bid to dissuade the United States from imposing sanctions over the Nord Stream 2 pipeline, due to bring gas directly from Russia to Germany, Die Zeit reported on Wednesday.The weekly paper said Finance Minister Olaf Scholz made the proposal in an Aug. 7 letter before Washington imposed sanctions on companies involved in building the Baltic Sea pipeline, effectively freezing its…

Sterling PBES’ new containerized Energy Storage Solution (ESS) is designed to deliver simple electrification for virtually any vessel.

Plug & Play: 'Microgrid in a Box' Promises to help Power Maritime's Future

As the maritime industry searches for the means to meet ever tightening emission regulations, battery power sits at the center of future paths to decarbonization. Sterling PBES launched CanPower, an all-encompassing ESS microgrid. The CanPower 'Microgrid in a Box' promises to add energy storage to virtually any vessel, without the need for complex design and build times.According to Sterline PBES, two of the main hurdles facing shipowners wishing to install ESS’ are the physical footprints of the systems and the complexity of the installation.

Photo provided by Venti-Pal Happo LLC

Renewable Energy to Power NYK’s Yokohama Daikoku C-3 Terminal

From October 1, electricity sourced from renewable energy will be used at Yokohama Daikoku C-3 Terminal, which began operations in August as the first finished-car logistics terminal in Japan operated by NYK, in the company’s effort to help the city of Yokohama to achieve the goals of its Zero Carbon Yokohama plan for realizing carbon neutrality.The renewable electricity will be generated at the Minehama Wind Power Plant and come from 100% renewable energy sources. The electricity will be provided by Minna-Denryoku Co.’s electricity traceability service…

NYK Discusses Decarbonization Plan at ICEPAG 2020

At the virtual ICEPAG 2020 conference, NYK Group company NYK Energy Transport (USA) Inc. (NETU) introduced the group’s efforts to reduce vessel GHG (greenhouse gas) emissions to zero.The ICEPAG, or the International Colloquium on Environmentally Preferred Advanced Power Generation, is a leading conference on clean energy, hosted annually by the University of California, Irvine; the National Fuel Cell Research Center; and others;  attended by U.S. government officials, university researchers and related companies.Kazumasa Taruishi…