Wilmington Trust Company

Southern California’s Los Angeles and Long Beach ports handle the most ocean cargo of any ports in the United States, but are some of the least efficient in the world, according to a ranking by the World Bank and IHS Markit.In a review of 351 container ports around the globe, Los Angeles was ranked 328, behind Tanzania’s Dar es Salaam and Alaska’s Dutch Harbor. The adjacent port of Long Beach came in even lower, at 333, behind Turkey’s Nemrut Bay and Kenya’s Mombasa, the groups said in their inaugural Container Port Performance Index published in May.The total number of ships waiting to unload outside the two adjacent ports hit a new all-time record of 100 on Monday.

Yanmar Power Technology (YPT) conducted what it touts as the world's first 70 MPa high-pressure hydrogen refueling of a ship using a demonstration test boat equipped with a hydrogen fuel cell system. The 70 MPa high-pressure hydrogen refueling was carried out in cooperation with Toyota Tsusho Corporation, using a specially licensed high-pressure facility and a newly developed prototype long hydrogen refueling hose. The 70MPa high-pressure refueling resulted in more than three times longer cruising time compared to the previous refueling process.

Aker Solutions received a Letter of Intent (LOI) for a front-end engineering and design (FEED) contract from Equinor, for the FPSO for the Wisting field development in the Norwegian Barents Sea.Wisting is a greenfield development located in the Barents Sea, about 310 km from the Norwegian mainland. Equinor is the operator of the field (35%), with partners OMV Norge AS (25%), Petoro AS (20%), Idemitsu Petroleum Norge AS (10%) and Lundin Energy Norway AS (10%).The intended FEED contract includes an option for engineering, procurement, construction and integration (EPCI) of the topside for the FPSO.

Classification society Lloyd’s Register (LR) said it has granted Digital Twin Ready Approval in Principle (AIP) to shipbuilder Samsung Heavy Industries (SHI) for its Smart Ship Solution, SVESSEL CBM and S-Fugas (Samsung Fuel Gas) System.The class approval, which comes as a result of a Joint Development Project (JDP) formed earlier in the year, is SHI's first for a systems engineering approach for developing artificial intelligence (AI)-enabled technology.As part of the project, SHI generated the digital twin concept and engineering approach for the condition-based maintenance of the rotating machinery in its Smart Ship Solution

Power and propulsion solutions company Fairbanks Morse Defense (FMD) announced that Robert Starr is joining the executive team as chief financial officer. In this role, he will lead the corporate finance team and oversee all financial reporting for the company.“Rob’s background working with commercial and military customers makes him a great fit for the Fairbanks Morse Defense team,” said George Whittier, CEO of FMD, an Arcline Investment Management portfolio company. “His ability to manage the finances of large companies as they go through periods of robust growth and transformation will be critical to our future success as he offers unique insight into the challenges and opportunities