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NEW EY Study: Jones Act Shipping – More Affordable and Reliable Delivery for Puerto Rico

Today, the Transportation Institute (TI) released a comprehensive study by Ernst & Young (EY) evaluating the Jones Act and its implications on freight rates, container availability, port congestion, and carrier performance in the Caribbean Region relative to global averages. The study evaluated the timeframe between January 2019 and December 2021 and captured the heightened volatility …

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MacGregor to supply self-contained traction winch systems for Guangzhou Marine Geological Survey

MacGregor, part of Cargotec, has been selected to supply two self-contained traction winch systems for a geological survey drilling vessel owned by Guangzhou Marine Geological Survey (GMGS), a subsidiary of China’s Ministry of Natural Resources, together with HongHai Marine. HongHai Marine is MacGregor’s partner in China, focusing on MacGregor deck machinery integration and service in …

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Shippers unlikely to see lower insurance premiums despite lesser Indian Ocean piracy risk: sources

Shipowners and charterers carrying commodities in the Indian Ocean are unlikely to see lower insurance premiums in the near term despite industry bodies’ decision to remove the region’s High Risk Area, or HRA, status, several maritime executives said Aug. 23. The piracy situation near Somalia has improved, which has warranted the decision of key international …

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World’s largest crane vessel coming to Norway for installation job on giant new FPSO

The world’s largest semi-submersible crane vessel is en route to a yard in Norway to perform an installation job for a giant new FPSO. Premium content Checking for account. You need javascript to validate your login status. Premium Premium content Premium content Subscribe to continue Become a PREMIUM Subscriber Do not want to miss out …

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To extend or end a ship’s life?

Illustration; Image by Offshore Energy Exiting and revolutionary designs of new ships are hitting the headlines. Ammonia-ready, hydrogen-ready, or even nuclear-powered ships fitted with air-lubrication systems and rotor sails are coming to replace the existing fleet. The ultimate goal is to decarbonize the shipping industry with innovative ship designs, alternative fuels, and smart, fuel-saving technological …

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Israel sets feed-in-tariff for Eco Wave Power’s wave energy project

The Israeli Electricity Authority (IEA) has set an official feed-in-tariff (FIT) for Eco Wave Power’s newly installed wave energy pilot project at the Port of Jaffa in Tel Aviv, Israel. The ‘EWP-EDF One’ project (Courtesy of Eco Wave Power) With the FIT in place, the Israeli Electric Company (IEC) started operations to officially connect the …

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