Airline Hydraulics

Oil is no longer leaking from the cracked hull of a containership moored in the Port of New Yok and New Jersey, the U.S. Coast Guard said Wednesday.A sheen around the Danaos-owned YM Mandate was first reported to the Coast Guard on Monday after the ship arrived at the Global Container Terminal in Bayonne, N.J., from Halifax, N.S.A unified command team consisting of the Coast Guard, New Jersey Department of Environmental Protection and Gallagher Marine Systems is responding since after the Coast Guard confirmed the Liberian-flagged vessel was leaking oil from a crack in its hull.

Fincantieri handed over the 145,000-gross-ton Enchanted Princess to Carnival Corp. brand Princess Cruises on Wednesday, marking the Italian shipbuilder's 100th cruise ship delivery over the last 30 years, and the first since the start of the coronavirus pandemic.The milestone delivery was celebrated with a live video message from Italian Prime Minister Giuseppe Conte during a ceremony virtually attended by Micky Arison, Chairman of Carnival Corp.; Arnold Donald, President and CEO of Carnival Corp.; Stein Kruse, Group CEO of Princess Cruises, Holland America Line, Seabourn, Carnival Australia and Carnival UK; and Jan Swartz, Group President of Princess Cruises and Carnival Australia.

U.S. oil major ExxonMobil has reached a final investment decision on a $9 billion offshore oil development project in Guyana, following the approval by the government.To remind, Reuters last Friday reported that Guyana was close to reaching a deal with Exxon to green-light the project "after the company committed to stricter environmental restrictions on gas flaring and wastewater."The project, called Payara, will target an estimated resource base of about 600 million oil-equivalent barrels. Ten drill centers are planned along with up to 41 wells, including 20 production and 21 injection wells.

The world is in the midst of the second coronavirus wave and with that comes the natural question of how the current dynamics will play out for the dry bulk shipping market. Demand and the subsequent cargo flow of the major dry bulk commodities are critical for the freight market, as we enter the final quarter of the year.Iron ore…has without question performed well this year, on occasion even better than gold, driven by the robust demand generated by China, as the world’s leading iron ore consumer. In the aftermath of the coronavirus outbreak, the actions taken by the Chinese government to limit the impact of the pandemic and reignite the country’s economy, bore fruits.

Belgian offshore services contractor Deme saw the hull of its first-ever Service Operation Vessel (SOV) launched at the Cemre shipyard in Yalova, Turkey. The twin-hull vessel named ‘Groene Wind’ (Green Wind), will be used for offshore wind farm maintenance works in Belgium following the delivery next year.Siemens Gamesa Renewable Energy will charter the vessel for the maintenance of the Rentel and Mermaid & Seastar (known as SeaMade) offshore wind farms in Belgium. "This is the first DP2, twin-hulled SOV in the world and the first to serve three different wind farm sites," Deme said.