American Bureau of Shipping

Seanergy Maritime Achieves Key Partnership with European Union Funding and Major Industry Stakeholders Under SAFeCRAFT to Revolutionize Maritime Propulsion for Existing Vessels

Retrieved on: 
Tuesday, January 30, 2024

Safecraft aims to demonstrate the safety and viability of Sustainable Alternative Fuels (SAFs) in seaborne transportation, accelerating the adoption of SAFs technologies.

Key Points: 
  • Safecraft aims to demonstrate the safety and viability of Sustainable Alternative Fuels (SAFs) in seaborne transportation, accelerating the adoption of SAFs technologies.
  • This system is also expected to cover a portion of the vessel's propulsion requirements and, therefore, to reduce reliance on conventional fuels.
  • The strategic partnership with the European Union and key industry stakeholders is another major achievement of our Company towards our global ESG objectives.
  • “This prominent combination of world-renowned stakeholders consists of classification societies, engineering and industrial firms, the academic community, as well as the European Union.

Datalogz Secures $5 Million Funding Led by GreatPoint Ventures, Unveiling Their Groundbreaking Solution to End Business Intelligence (BI) Sprawl Across Fortune 500 Enterprises

Retrieved on: 
Thursday, December 14, 2023

The strategic investment propels Datalogz’s mission to end business intelligence (BI) sprawl at every data-mature company.

Key Points: 
  • The strategic investment propels Datalogz’s mission to end business intelligence (BI) sprawl at every data-mature company.
  • Now, with increased resources, proven success, and top talent, the company is well-positioned to support every data-mature Fortune 500 company.
  • About 70% of companies have three or more business intelligence platforms, such as Power BI, Looker, Qlik, or Tableau.
  • GreatPoint Ventures , the lead investor in this round, is renowned for its strategic investments in early-stage companies with groundbreaking potential.

Belgian, Port Houston and Partners Sign Memorandum of Understanding on Energy Transition Cooperation

Retrieved on: 
Sunday, December 10, 2023

Alexander De Croo, Prime Minister of Belgium, witnessed the signing of a Memorandum of Understanding on Energy Transition Cooperation between three Belgian and three Houston-based partners to boost transatlantic cooperation on the green transition.

Key Points: 
  • Alexander De Croo, Prime Minister of Belgium, witnessed the signing of a Memorandum of Understanding on Energy Transition Cooperation between three Belgian and three Houston-based partners to boost transatlantic cooperation on the green transition.
  • View the full release here: https://www.businesswire.com/news/home/20231209154654/en/
    Following the MOU signing at the Greater Houston Partnership, the dignitaries and officials met at Port Houston.
  • From left to right: Port Houston Chief Infrastructure Officer and Blue Sky Boardmember Rich Byrnes; Ambassador, Consul General of Belgium in New York Filip Vanden Bulcke; International Development Manager, Port of Antwerp-Bruges, Wim Dillen; Port Houston Chairman Ric Campo; Port Houston Chief Government and Public Relations Officer Kerrick Henny; Prime Minister of Belgium Alexander De Croo (center front); Port Houston Commissioner Dean Corgey; U.S.
  • "Our history of collaboration between Port Houston and Port of Antwerp-Brugge, and between Texas and Belgium, is a century in the making.

ExxonMobil Starts Production at Third Offshore Guyana Project

Retrieved on: 
Tuesday, November 14, 2023

ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day.

Key Points: 
  • ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day.
  • “Each new project supports economic development and access to resources that will benefit Guyanese communities while also helping to meet the world’s energy demand,” said Liam Mallon, president of ExxonMobil Upstream Company.
  • The company is working with the government of Guyana to secure regulatory approvals for a sixth project at Whiptail.
  • Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.

Global Integrated Marine Automation System Market to Reach $6.8 Billion in 2027, Driven by Growing Cruise Industry Demand - By The Business Research Company

Retrieved on: 
Friday, October 6, 2023

LONDON, Oct. 6, 2023 /PRNewswire/ -- A per The Business Research Company's Integrated Marine Automation Global Market Report 2023, the integrated marine automation system market is experiencing remarkable growth, with the global market size set to increase from $4.37 billion in 2022 to $4.81 billion in 2023, marking a robust compound annual growth rate (CAGR) of 10.1%. Furthermore, the integrated marine automation system market is poised to expand to $6.8 billion by 2027, at a CAGR of 9.0%.

Key Points: 
  • Furthermore, the integrated marine automation system market is poised to expand to $6.8 billion by 2027, at a CAGR of 9.0%.
  • The burgeoning demand for cruises is a pivotal factor propelling the integrated marine automation system market .
  • Leading companies in the integrated marine automation system market are prioritizing the integration of artificial intelligence (AI) to enhance operational efficiency.
  • The global integrated marine automation system market is segmented based on key factors:

Global Integrated Marine Automation System Market to Reach $6.8 Billion in 2027, Driven by Growing Cruise Industry Demand - By The Business Research Company

Retrieved on: 
Friday, October 6, 2023

LONDON, Oct. 6, 2023 /PRNewswire/ -- A per The Business Research Company's Integrated Marine Automation Global Market Report 2023, the integrated marine automation system market is experiencing remarkable growth, with the global market size set to increase from $4.37 billion in 2022 to $4.81 billion in 2023, marking a robust compound annual growth rate (CAGR) of 10.1%. Furthermore, the integrated marine automation system market is poised to expand to $6.8 billion by 2027, at a CAGR of 9.0%.

Key Points: 
  • Furthermore, the integrated marine automation system market is poised to expand to $6.8 billion by 2027, at a CAGR of 9.0%.
  • The burgeoning demand for cruises is a pivotal factor propelling the integrated marine automation system market .
  • Leading companies in the integrated marine automation system market are prioritizing the integration of artificial intelligence (AI) to enhance operational efficiency.
  • The global integrated marine automation system market is segmented based on key factors:

Master Boat Builders and Sterling Shipyard to Build Four Tugboats for Gulf LNG Tugs of Brownsville

Retrieved on: 
Tuesday, September 5, 2023

Gulf LNG Tugs of Brownsville, LLC (Gulf LNG Tugs) today announced the signing of two construction contracts with Master Boat Builders, Inc. (Master Boat) and Sterling Shipyard, LLC (Sterling) for each shipyard to construct two tugs to serve the Rio Grande LNG export facility (RGLNG), which has commenced construction in Brownsville, Texas.

Key Points: 
  • Gulf LNG Tugs of Brownsville, LLC (Gulf LNG Tugs) today announced the signing of two construction contracts with Master Boat Builders, Inc. (Master Boat) and Sterling Shipyard, LLC (Sterling) for each shipyard to construct two tugs to serve the Rio Grande LNG export facility (RGLNG), which has commenced construction in Brownsville, Texas.
  • Execution of the construction contracts represents an important milestone for Gulf LNG Tugs’ commitment to provide dedicated tug services to RGLNG.
  • In consultation with RGLNG, Gulf LNG Tugs selected Master Boat and Sterling after a rigorous bid process.
  • Gulf LNG Tugs and its owners are premier tug service providers, and we’re honored to support their growth,” said Harry Murdock, CEO of Sterling.

Bill Krewsky Named President of TAI Engineers

Retrieved on: 
Thursday, April 20, 2023

S&B today announced updates to the management team of TAI Engineers (TAI), which include the promotion of Captain William Krewsky, PE (USCG Retired), to President and Krishna (Kris) Karri to Senior Vice President Operations and Chief Engineer.

Key Points: 
  • S&B today announced updates to the management team of TAI Engineers (TAI), which include the promotion of Captain William Krewsky, PE (USCG Retired), to President and Krishna (Kris) Karri to Senior Vice President Operations and Chief Engineer.
  • Krewsky succeeds Anil Raj, PE, TAI’s Founder and President, who will remain with TAI in an executive advisory role.
  • View the full release here: https://www.businesswire.com/news/home/20230420005721/en/
    Captain William Krewsky, a 38-year marine-industry veteran, was named President of TAI Engineers.
  • (Photo: Business Wire)
    Captain Krewsky, a 38-year marine-industry veteran, most recently served as Vice President of Government Programs for TAI.

Global LNG Bunkering Industry Report 2022-2028 - ResearchAndMarkets.com

Retrieved on: 
Thursday, April 20, 2023

The "Global LNG Bunkering Market Size, Share, Growth Analysis, By Product Type, By Application - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Global LNG Bunkering Market Size, Share, Growth Analysis, By Product Type, By Application - Industry Forecast 2022-2028" report has been added to ResearchAndMarkets.com's offering.
  • The adoption of regulations supporting the use of LNG as a marine fuel by numerous international organisations and countries has contributed to the expansion of the LNG bunkering industry globally.
  • Yet, a lack of infrastructure for distributing LNG across bunkering locations is one of the main problems preventing the expansion of the global LNG bunkering market.
  • Moreover, the availability of LNG alternatives for reducing sulphur content, such as the use of scrubbers, and significant capital investments in LNG bunker development are somewhat restricting the growth of the LNG Bunkering Industry.

‘Person of the Year’ Award Presented to Dr. Nikolas P. Tsakos by the Hellenic American Chamber of Commerce (HACC)

Retrieved on: 
Monday, April 10, 2023

ATHENS, Greece, April 10, 2023 (GLOBE NEWSWIRE) -- Dr. Nikolas P. Tsakos, Founder, President & CEO of Tsakos Energy Navigation has been presented with the ‘Person of the Year’ Award at the Hellenic American Chamber of Commerce (HACC), 71st Annual Gala, in New York City.

Key Points: 
  • ATHENS, Greece, April 10, 2023 (GLOBE NEWSWIRE) -- Dr. Nikolas P. Tsakos, Founder, President & CEO of Tsakos Energy Navigation has been presented with the ‘Person of the Year’ Award at the Hellenic American Chamber of Commerce (HACC), 71st Annual Gala, in New York City.
  • HACC has been recognizing individuals who share its principles in cultivating and supporting a legacy of excellence in business culture to strengthen the economic and cultural ties between the United States of America and Greece.
  • Over the years, and particularly since its NYSE listing in 2002, TEN has generated profits of $2.3 billion and distributed dividends to shareholders in excess of $0.5 billion.
  • Following the event, Dr. Tsakos, along with a select group of dignitaries, participated in the Greek Independence Day festivities at the White House, in the presence of US President, Joe Biden.