Published by The Maritime Executive

Published by The Maritime Executive

Published by The Maritime Executive

Published by The Maritime Executive

Published Aug 31, 2022 5:00 PM by The Maritime Executive

MacGregor, part of Cargotec, has received two significant orders for heavy lift cranes. These orders, totaling more than EUR 43 million, include the supply of 56 heavy lift cranes for fourteen 62,000 dwt multipurpose vessels built at two shipyards in Asia.   These orders were booked into Cargotec’s 2022 second quarter orders received. The vessels are scheduled to be delivered to the owners starting in the second quarter of 2023 and will be delivered until January 2026. The orders include totally 56 cranes with a size of 80t and 150t. All cranes are connected to the latest worldwide service support and equipped with an active safety system for the highest possible secure operation.   MacGregor was selected as the supplier of these cranes thanks to its well-known design capabilities and customer’s trust in MacGregor’s delivery capability based on its earlier successes with similar solutions.   “I’m very proud of the confidence that these two customers have chosen us to supply their heavy-lift cranes. We look forward to providing our high-class equipment and services again,” says Magnus Sjöberg, Senior Vice President, Merchant Solutions, MacGregor.

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Published Sep 2, 2022 4:07 PM by The Maritime Executive

The G7 nations have reached a landmark decision to attempt to put a price cap on seagoing shipments of Russian oil, hoping to restrict the amount of money flowing to Moscow without an outright ban on its crude. While an outright embargo could be effective in reducing Russia's oil income, it would also have substantial impact on the rest of the global economy, and the price cap is intended as a compromise solution.  In a joint statement, the G7 finance...

Published Sep 2, 2022 2:42 PM by The Maritime Executive

After blaming a backlog of containers at the port for contributing to the congestion and delays, the Port Authority of New York and New Jersey has delayed the implementation of an “imbalance fee” that it planned to start charging carriers as of September first. The port remains committed to the concept but reports that it will revise the approach before implementing the fee in the fourth quarter of 2022. Announcing the plans for the fee at the beginning of...

Published Sep 2, 2022 12:57 PM by The Maritime Executive

Continuing its mission in law enforcement and support of the Combined Maritime Forces operating in the Gulf of Oman and the surrounding region, the U.S. Coast Guard made another significant seizure of illegal narcotics. The later interdiction on August 30, marks the third major seizure announced by the forces by the same U.S. Coast Guard fast response cutter, the USCGC Glen Harris, since the vessel arrived in the region eight months ago. According to Combined Task Force (CTF) 150, one...

Published Sep 2, 2022 12:02 PM by The Maritime Executive

The South Korean investment company that acquired the former STX Offshore & Shipbuilding in 2021 has completed the acquisition of a second midsized shipbuilder as the government seeks to continue the privatization of the industry. Daehan Shipbuilding, with its yard in Haenam on the southwest coast, was established in 2004 working mostly as a builder of tankers was acquired by a investment group led by KH Investment. The South Korean government-controlled Korea Development Bank has been seeking to sell its...

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