Stena Bulk Appoints Seasystems as Exclusive Global Partner for Jettyless LNG Technology
Tanker shipping company Stena Bulk has signed a cooperation agreement with Seasystems AS to expand the global reach of its jettyless LNG infrastructure technologies.Under the partnership, Seasystems will exclusively market, sell, and deliver Stena Bulk’s proprietary Extended FSU/FSRU Mooring (EFM) system and Jettyless Floating Terminal (JFT) technology. Stena Bulk retains full ownership of the patented technologies, which will remain part of the company’s portfolio.Developed by Stena Bulk…
Infrastructure Project in Focus: Montgomery Lock
Earlier this week Marine News was afforded – thanks to a ‘press tour’ organized by the Waterways Council – a behind the scenes look at the United States Army Corp of Engineers (USACE) effort to build new the Montgomery Locks, one part of a bigger picture project on the Upper Ohio River outside of Pittsburgh to ensure that three key lock and dam critical infrastructure facilities remain viable to facilitate critical tow and barge traffic. The facilities in focus include:Emsworth (placed in service 1922)Dashields (placed in service 1929)…
OpEd:Turning the Tide: How Trade Talks with China Could Revitalize the U.S. Maritime Industry — If Washington Gets It Right
As trade negotiations between the United States and China inch closer to resolution, stakeholders across multiple industries are holding their breath. For many, the focus is on tariffs, supply chains, and global competition. But for the long-neglected U.S. maritime sector, these talks may represent a once-in-a-generation opportunity to not only regain relevance, but to reassert strategic and economic independence on the high seas.Once a dominant global maritime power, the United States today operates a commercial fleet of fewer than 80 ocean-going vessels under the U.S. flag engaged in international trade — a startling figure compared to China’s rapidly expanding commercial fleet of over 5,500 ships.
Swedish Submarine Rescue Ship Takes On Role Investigating Baltic Sea incidents
The Swedish navy’s submarine rescue vessel has taken on an additional role as it has been called on to investigate incidents of damage to undersea infrastructure in the Baltic Sea.The Belos, equipped with sonar, a helipad, divers, undersea vehicles and a positioning system that allows it to stay relatively still even in high seas, provides rescue capabilities to Sweden’s submarine fleet if needed.On a spring day in April, the vessel sailed to a location off the coast of southern Sweden where its divers practised descending to the sea floor in a diving bell…
Hutchison sells Panama Canal Ports To A U.S. Led Consortium Under Pressure From The U.S.
CK Hutchison Holdings sold its controlling interest in two major Panama Canal ports to a U.S. led consortium for $22.8billion. BlackRock Inc. Global Infrastructure Partners and Terminal Investment Limited will receive a 90% stake of the Panama Ports Company that operates the Balboa & Cristobal Ports.The sale comes after President Donald Trump expressed concerns about China's influence on key infrastructure in the canal. Trump publicly criticized a Hong Kong based company's control over these ports…
