Latest news with #AmericanBureauofShipping
Time of India
16-06-2025
- Business
- Time of India
New fast patrol vessel to bolster coastal protection
Panaji: Goa Shipyard on Monday launched a new fast patrol vessel for the Indian Coast Guard to bolster the maritime fleet and safeguard offshore assets and island territories. The patrol vessel, the fifth in a series of eight fast patrol vessels, features a controllable pitch propeller (CPP) and has 60% indigenous equipment. The fast patrol vessel, christened Achal, is part of the Indian Coast Guard's efforts to modernise its current fleet, said coast guard commander (western seaboard), additional director general Anil Kumar Harbola. 'We systematically modernised our fleet. The FPV class of ships forms a critical component of our capability. This vessel is a reaffirmation of our commitment to national maritime security, self-reliance, and operational excellence,' said Harbola. The vessel is designed for high-speed interdiction and versatile missions in coastal and offshore zones, said Harbola. Designed and constructed under stringent dual-class certification from the American Bureau of Shipping and Indian Register of Shipping, Achal measures 52m in length and 8m in breadth, with a displacement of 320 tonnes. Powered by a CPP-based propulsion system, the vessel can attain a top speed of 27 knots. 'The ship is a leap forward in design and function for the Indian Coast Guard and shipbuilding,' said Harbola. Built at a total cost of Rs 473 crore, the project also provided a significant boost to local industry by generating substantial employment and supporting MSMEs within GSL. Referring to the Indian Coast Guard's recent maritime interventions and assistance to commercial shipping vessels, Harbola said that the Indian Coast Guard earned the moniker of 'saviour at sea'.
Yahoo
21-05-2025
- Business
- Yahoo
SeaTrain Technology Launched at National Maritime Week in DC
Revolutionary Approach is Key to Fulfilling Goals of the US Maritime Renaissance BOYNTON BEACH, FL / / May 21, 2025 / SeaTrainTM Technology, LLC, a pioneer in sustainable maritime solutions, announced the launch of its patented technology to revitalize the US maritime industry. The design, construction, and application of the SeaTrainTM approach solves shipbuilding challenges, mariner shortages, weather impacts and more. The announcement was made at the "Revitalizing the US Maritime Industry" event during National Maritime Week in Washington, DC. SeaTrainTM's gliders are innovative, modular submersible cargo vessels powered by a patented variable buoyancy propulsion technology for commercial, energy and defense applications. This unique system allows gliders to move quietly underwater without engines, fuel, or emissions. Their autonomous, unmanned operation eliminates crew costs and enhances safety. The modular nature enables automotive-style mass production in shipyards, allowing rapid scaling to fulfill national strategic objectives. This innovative technology, currently under review at the American Bureau of Shipping (ABS) for its New Technology Qualification (NTQ), aims to transform ocean freight transportation by offering unparalleled efficiency, profitability, reliability, and environmental sustainability. Additionally, it has extensive applications in the energy and defense industries. Randy M. Durst, Founder and Chairman of SeaTrain Technology, commented, "As we embark on this journey to redefine maritime shipbuilding and cargo transportation, we are encouraged by the attention and interest we have received from commercial interests as well as our defense colleagues. This technology is a game-changer for maritime interests". "The political and strategic implications of this technology cannot be overstated," claimed SeaTrain Technology CEO Carleen Lyden Walker. "The maritime agenda is critical to our nation's future prosperity. SeaTrain gliders are the solution for shipyard modernization, global innovation, mariner shortages and reallocation, and economic security. This is how we are going to restore America's maritime dominance." SeaTrain Technology, established in 2023 and headquartered in Boynton Beach, Florida, is on a mission to revolutionize the shipping, energy, and defense sectors through its patented submersible glider technology. The company's core values-innovation, sustainability, efficiency, and safety-are at the forefront of its operations, aiming to set new standards in performance and streamline shipbuilding and operations. For more information about SeaTrain Technology and its groundbreaking initiatives, please visit SeaTrain Technology. Contact Details SeaTrain TechnologyCarleen Lyden Walker+1 203-260-0480Carleen@ SOURCE: SeaTrain Technology View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Axios
16-04-2025
- Business
- Axios
Houston's district leads nation in China exports as trade tensions rise
Texas is America's top exporter to China, and Houston's 38th Congressional District led all U.S. districts in goods exports to China in 2023, according to the U.S.-China Business Council. Why it matters: Those trade ties are now caught in a fast-escalating trade war, with billions of dollars and thousands of jobs at stake. Catch up quick: China announced last week that it would subject most U.S. goods to 84% tariffs in retaliation for Trump's 104% tariffs — which Trump promptly raised to 125%, then again to 145%. Trump paused reciprocal tariffs for 90 days, except those against China, which he blasted for retaliating. State of play: Texas exported an estimated $26 billion worth of goods to China in 2023, the council says in its latest report. The bulk came from oil and gas ($12 billion), followed by basic chemicals ($2.9 billion), resins and synthetic fibers ($2.5 billion), industrial machinery ($1.6 billion), and semiconductors and components ($1.5 billion). The state's goods and services exported to China supported 89,530 American jobs in 2022, per the council. Zoom in: The 38th Congressional District, which includes northwest Houston and stretches into Tomball, exported $4.9 billion in goods in 2023 — $4.5 billion of which came from oil and gas, per the council. According to the Greater Houston Partnership, China is Houston's biggest trading partner, with $9.7 billion in exports to China in 2024. 46 Houston firms operate 140 subsidiary locations in China, including American Bureau of Shipping, Crane Worldwide Logistics, Huntsman International, LyondellBasell Industries and National Oilwell Varco, per GHP. The bottom line: If President Trump's recently announced sky-high tariff rates remain in place, many U.S. companies will no longer be able to compete in China's market.
Yahoo
19-02-2025
- Business
- Yahoo
China reveals world's first carbon-sucking oil ship that can pump 120,000 barrels a day
China has completed what it says is the world's first floating production, storage, and offloading (FPSO) vessel equipped with a carbon capture system, marking a significant step toward reducing emissions in offshore oil production. According to Science and Technology Daily, the 330-meter FPSO was built in Shanghai and will be delivered by the end of this month. Developed by the state-owned Cosco Ocean Shipping Heavy Industry Company, the vessel boasts a daily oil production capacity of up to 120,000 barrels while capturing and storing carbon dioxide generated during its voyage and extraction processes. This new approach is designed to mitigate the environmental impact of offshore drilling, especially given that gas-fired turbines commonly used on FPSOs are the primary emitters of carbon dioxide. The Chinese-built vessel captures its emissions and harnesses electricity from the heat of exhaust gases. It aims to reconcile high-output oil production with innovative emission control, highlighting China's desire to meet its carbon targets. The country has pledged to reach peak carbon emissions by 2030 and achieve net zero emissions by 2060. Other major global oil and gas companies are also eyeing similar designs. In January, the American Bureau of Shipping approved an ammonia production unit with on-board carbon capture technology. Separately, Dutch multinational SBM Offshore is gearing up to launch an FPSO with a carbon capture system. These developments reflect a growing momentum in the industry to embrace cleaner technologies, spurred on by the urgency of limiting global temperature rise to below 2 degrees Celsius above pre-industrial levels. China's move to equip a floating oil facility with carbon capture technology is a broader push to reduce the sizable emissions linked to oil and gas extraction. According to the International Energy Agency, extraction, transport, and processing of oil and gas generated around 5.1 billion tonnes of greenhouse gases in 2022, which accounted for about 15 percent of total energy-related emissions worldwide. SCMP reports that China has made strides in developing carbon capture and storage facilities as the world's largest carbon emitter. In 2023, the China National Offshore Oil Corporation launched the country's first offshore carbon capture demonstration at the Enping 15-1 oilfield in Guangdong, with the capacity to store about 300,000 tonnes of carbon dioxide annually. Beyond offshore drilling, China continues to pursue large-scale renewable projects. The country's equipment manufacturers have built increasingly powerful wind turbines that generate more energy per rotation. However, China also faces the challenge of disposing of or reusing these massive turbine components when they reach the end of their 20-to-25-year life span. Researchers are finding ways to repurpose the blades into construction materials by blending physical and chemical treatments with cement and asphalt mixtures. Hydroelectricity remains another prominent part of China's energy blueprint. The government recently approved a massive hydroelectric project over the Yarlung Tsangpo River in Tibet, projected to dwarf the current Three Gorges Dam output. Once completed, the new facility could generate approximately 300 billion kilowatt-hours of power each year, underscoring China's commitment to meeting energy demand while trying to curb emissions.
