Spar Shipping AS

Steve Lykins, President, Mako Industries, discusses the case for investing in Puradigm COVID-19 mitigation and monitoring technology onboard offshore rigs and ships.The creation of Mako Industries, a subsidiary of Mako Oilfield Services, is proof that every storm cloud has a silver lining. “Mako Industries is an interesting company that was spawned as a result of Mako Oilfield pivoting as a result of the downturn in early 2020 and Q1 2020,” said Steve Lykins, President, Mako Industries.

The U.S. Navy has begun the process to remove the island from the USS Bonhomme Richard (LHD 6) as part of an ongoing inactivation availability for the warship that was destroyed by a major fire in 2020.Salvage contractor Smit Americas started the removal process Tuesday, the Navy said. Workers will reduce the island's height down to just above the flight deck to improve the ship’s structural integrity and readiness for tow.The Navy announced at the end of 2020 it would scrap the Wasp-class amphibious assault ship after flames ravaged the vessel while it was docked for routine maintenance in San Diego in July.

The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic, so the vaccines are being shipped by air to international destinations. Delivering them by sea is a longer-term strategy; certainly, the present urgency would have to calm considerably before enough confidence could be built to support delivery times in weeks, rather than hours.

Cheniere Energy Inc, the top U.S. liquefied natural gas producer, on Wednesday raised its full-year adjusted earnings forecast, predicting higher demand for the fuel as COVID-19 vaccinations boost economic recovery.Lockdown measures implemented to curb the pandemic slashed demand for energy and hurt prices for natural gas in 2020. But with economic recovery in Asia, particularly in China, fuel sales have picked up.Shares rose 1% to $70.37 in midday trading, a more than two-year high."We expect continued LNG demand improvements as COVID vaccines are distributed and global economic activity continues to strengthen," Chief Commercial Officer Anatol Feygin said in a webcast with analysts.

Simulation and training solutions provider Wärtsilä Voyage and knowledge and technology solutions provider Ocean Technologies Group (OTG) say they have partnered in an effort to enhance safety and efficiency in the maritime sector.With complementary converging digital technologies and platforms, Wärtsilä Voyage and OTG will provide industry stakeholders an opportunity to be connected on a single end-to-end learning journey, combining on-demand digital training and assessment, virtual and simulation events via cloud-based solutions, and in-person learning experiences at maritime training centers or aboard ship.