NTSB: Severe winds led to fatal capsizing of SEACOR Power Severe winds during a thunderstorm led to a loss of stability and ultimately the capsizing of the liftboat SEACOR Power, the National Transportation Safety Board said Tuesday during a public board meeting.
FERRIES 2022: What's next for the world's first hydrogen fuel cell ferry? Dr. Joe Pratt, CEO and chief technology officer for Zero Emission Industries (ZEI)-formerly Golden Gate Zero Emission Marine-a company providing hydrogen technology innovations, with a focus on decarbonization of the global marine
Large LH2 tanker designs could involve some rocket science Giant spherical liquid hydrogen (LH2) tanks like those used by NASA to fuel rocket launches could hold the key to the design of a new generation of LH2 carrier vessels. Daewoo Shipbuilding
AAM starts construction of research vessel for Hawaii All American Marine (AAM), Bellingham, Wash., has been awarded a contract to build a research vessel for the University of Hawaii at Manoa and the University of Hawaii Foundation (UHF) on the
VIDEO: Davie delivers third medium icebreaker to Canadian Coast Guard Davie Shipbuilding, Lévis, Quebec, reports that the medium icebreaker CCGS Vincent Massey was delivered to the Canadian Coast Guard yesterday. The CCGS Vincent Massey will join its two sister vessels, CCGS Captain
Corps awards Southwest Shipyard $11.4 million crane barge contract The U.S. Army Corps of Engineers, Detroit District in concert with the Philadelphia District and the Corps' Marine Design Center have awarded Southwest Shipyard LP of Houston a $11.4 million contractfor a
260 jobs created with new $35 million facility in Henderson County Late last month, Kentucky Gov. Andy Beshear announced new job creation within the state's coal industry as River View Coal LLC, which operates an underground coal mine in Union County, will expand
MAN sees growing uptick in demand for methanol dual-fuel two strokes Methanol is gaining ground as a fuel choice for newbuild ships and one beneficiary of the trend is MAN Energy Solutions. Hyundai's shipbuilding division (HHI-SBD) has now ordered six MAN B&W G95ME-C10.5-LGIM
SC Ports secures US$550 million in financial support to proceed with infrastructure projects With the strong support of US$550 million from South Carolina's elected leaders, South Carolina Ports (SC Ports) will soon have near-dock rail and an inner-harbor barge operation. The SC Legislature and Governor Henry McMaster have allocated a total of US$550 million to fully fund these projects, US$400 million for the rail yard and US$150 million for the barge operation. The aim of the project i
New drone to fly over the port of Rotterdam For the next few months on certain days, the newest model of Dutch drone manufacturer Avy, Avy Aera 3, will fly over Maasvlakte and Europoort in the port of Rotterdam in the Netherlands. The drone is intended to take off automatically from a docking station installed at the Rotterdam-Rheimmont pilot service at Pistoolhaven, Rotterdam. The Port of Rotterdam Authority said it wants to find out if t
Body found in container in Malaysian port Malaysian police found a dead body in a 40-foot container at Penang port, sent from Chittagong port, on Saturday 15 October. Police discovered the decomposed body, while the port officials were shifting the box to a depot. The container was sent to the Malaysian port from BM Container Depot in Chittagong where a fire broke out on 4 June and chemical blasts killed 49 people and injured hundreds. T
DP World's firms add new UAE coastal service DP World-owned companies, P&O Maritime Logistics and Unifeeder, have established a new route in the United Arab Emirates (UAE) using modified and efficient multi-carrying vessels (MCVs). The two companies have introduced a new coastal service for the UAE, connecting Jebel Ali port to other ports around the country, aiming to ease supply chain bottlenecks. The inaugural intra-UAE shipment of 200 T
Port Houston experiences second highest month of container traffic Port Houston achieved a container volume increase of 26% in September, compared to the same month last year, reaching 353,525 TEUs. This is the second-highest month ever for containers at Port Houston, following August 2022. Overall, container volume is up 18% year-to-date at Port Houston's box terminals and is nearing the 3 million TEUs mark. "We've created additional temporary space on the term
India approves new terminal development at Kandla Port The government of India has approved the development of two deep-water marine terminal projects at Kandla Port (Deendayal Port), a major west coast harbour. The plan consists of a container terminal and a multipurpose cargo facility, estimated to cost Rs. 4,539.84 crore (US$550 million) and Rs. 2,250.64 crore (US$272 million), respectively. Of the projected investments, the port authority will sp
Seafarer dies as South Korean tanker capsizes A seafarer on a South Korean-owned chemical tanker, Kelsey 2, died after the ship sank off Kinmen, Taiwan, on 15 October, after suffering water ingress. All 20 seafarers had abandoned the 2002-built 8,424 dwt Kelsey 2 and jumped into water when the ship began sinking, but not before sending a distress signal. The Taiwan Coast Guard and the China Coast Guard evacuated all of them on their helicopt
CHEMET, Nexxiot partner to digitalise tank container manufacturing European manufacturer of stationary and transportable pressure tanks and vessels for liquefied gases CHEMET has selected technology company Nexxiot to digitalise its product line of railway tank cars. CHEMET, based in Poland and France, is the first European manufacturer to commit to fully digitalising its railway tank car offerings. CHEMET will integrate Nexxiot's Asset Intelligence technology i
Box volumes drop at ports of Seattle and Tacoma Total container volumes handled by the Northwest Seaport Alliance (NWSA), a marine cargo operating partnership of the ports of Seattle and Tacoma, decreased by 15.5% in September to 285,315 TEUs. NWSA noted that full imports and exports for September decreased by 18.9% and 21%, respectively, on a year-over-year basis. Meanwhile, from January through September, NWSA's box volumes dropped by 7.3% t
Transnet and South Africa's major labour union reach three-year wage deal Transnet SOC Limited and South Africa's trade union, United National Transport Union (UNTU), reached a three-year wage agreement on 17 October after severe strike actions. The agreement will be applicable from 1 April 2022 until 31 March 2025, in a process mediated by the Commission for Conciliation, Mediation and Arbitration (CCMA). "This ends the current industrial action by UNTU members with i
Survitec announces new CEO Global survival technology company to the maritime, defence & government, aerospace and energy sectors, Survitec has appointed Robert Steen Kledal as its new chief executive officer (CEO). Robert Steen Kledal will be responsible for setting Survitec's strategic direction and will lead the Survitec executive team and sit on the Survitec board. At the start of the year, Survitec launched a new orga
Jinhui Shipping offloads post-panamax pair Chinese bulker operator Jinhui Shipping and Transportation has exited the post-panamax segment by selling its only two such vessels in its fleet to Liberia-incorporated buyers for $17.25m each. The 2010-built Jin Mei and Jin Lang will deliver between November 7 and December 20 this year to Bardar Corporation and Bursa Oceanways, respectively. Jinhui Shipping said ...
Solstad CSVs secure $30m in renewables sector Norwegian offshore shipping company Solstad Offshore has sealed new deals with undisclosed clients in the renewable energy sector for two of its construction support vessels. The Oslo-listed owner and operator has fixed the 2010-built CSV Normand Baltic for the majority of Q4 2022 and Q1 2023, while a contract for the 2015-built Normand Navigator has ...
Wintershall Dea and HES unveil Wilhelmshaven CO2 hub scheme European oil and gas firm Wintershall Dea has teamed up with HES Wilhelmshaven Tank Terminal to jointly develop a CO2 hub at Germany's largest independent liquid bulk terminal in the Port of Wilhelmshaven. The project envisions capturing CO2 from German industrial sites and transporting the gas to the planned hub, dubbed CO2nnectNow, from which it ...
Gram Car Carriers locks in $118.6m through five-year panamax charter Oslo-listed Gram Car Carriers (GCC) has secured a further $118.6m in revenue by landing a five-year timecharter deal with an undisclosed industry major for its 6,700 ceu panamax vessel . The 2017-built ship will commence the charter with a new customer for GCC in March 2023 at around $65,000 per day in direct continuation to ...
MSC's Aponte family labelled Switzerland's richest family The Swiss now know which family is the richest - and pollutes the most - in their country. Originally hailing from Naples, the secretive Apontes, who own a cruise brand as well as the world's largest containerline, Mediterranean Shipping Co (MSC), have had their names splashed in the local press in recent days, with reports ...
Maritime CEO Forum Monaco: Why tankers can withstand a recession Why this tanker cycle is different and how even a global recession might not knock the sector off kilter were the central thrusts of the tanker panel at last week's Maritime CEO Forum held at the Monaco Yacht Club. Getting proceedings underway, moderator Robert Clancy, the managing director of Arrow Shipbroking, set the scene, telling ...
Global Marine charters out cable layer to NEC UK-based subsea cabling specialist Global Marine Systems, part of the Global Marine Group, has sealed a long-term charter deal with Japan's NEC Corporation for the 2001-built cable-laying ship . Under a four-year contract, the subsea cable maker said it would bolster its provision of subsea cable systems and meet the expanding demand for new subsea ...
COSCO fares poorly in new sustainability report COSCO, China's largest maritime conglomerate, comes out poorly in a new sustainability report. The World Benchmarking Alliance (WBA) and non-profit CDP launched their new Transport Benchmark today. As a comprehensive analysis of 90 major transport companies from around the world, the benchmark sheds light on the progress - or lack thereof - transport companies have ...
Semco and SeaRenergy consortium secures TenneT service contract Transmission grid operator TenneT has awarded a consortium consisting of Semco Maritime and SeaRenergy a service contract for the maintenance of offshore grid connection systems, comprising offshore and onshore installations in the German and Dutch sectors. The contract is for five years and covers 2023 to 2028 and also initiates the strategic partnership in the ...
Gigantic Ozone Energy enters VLCC trades for a bargain price The search for elderly targets to move cargoes in the much-altered tanker trading world has seen prices leap most of the year, although signs now show that prices might be flattening out. One size that stands out as it continues to become more successful as time passes are VLCCs, where prices are increasing by millions ...
Shipping emissions forecast to flatten out next year Shipping is forecast to flatten overall emissions output next year after a post-covid growth of its carbon footprint. Clarksons Research has released an update on the industry's green progress with plenty of startling data for the industry to absorb ahead of a raft of new regulations coming maritime's way. Clarksons is projecting emissions to remain ...
Aramco teams with McDermott and NPCC to set up two offshore fabrication yards State oil giant Saudi Aramco is establishing two offshore fabrication yards in collaboration with McDermott International international and National Petroleum Construction Company (NPCC), part of Abu Dhabi's National Marine Dredging Company (NMDC). The new yards are being constructed in Ras Al Khair with the aim of delivering a more than 200% increase in Saudi Arabia's ...
Hamburg Port to use feederships to ferry boxes between terminals The Port of Hamburg will use feederships, not trucks, to shuttle boxes between terminals from next month. The German port has selected Unifeeder to carry out the process, working with two local software firms to create a digital process that also covers customs handling. The new initiative will see emissions cut in the port as ...
Ottawa completes ports modernisation review, intends to update how Canada's ports are managed Transport Canada launched a ports modernization review in March 2018 with an aim to optimise the current and future role of Canada's 17 port authorities (CPAs) in the country's transportation system. The review focused on how ports might better support the competitiveness of Canada's economy by facilitating the movement of goods; strengthen relationships with Indigenous ...
DEME contracts Seaqualize for offshore wind feeder barge operations at Vineyard Wind DEME Offshore US will deploy the HeaveChief 1100 (HC1100), a new offshore lifting device from Dutch heave-compensation specialist Seaqualize, to transfer delicate wind turbine components to and from supply vessels at the Vineyard Wind project. The battery-powered inline balanced heave compensator, created for heavy-lift, in-air active load control, is currently the largest active heave compensato
Half of Russian ports lose business in wake of invasion Russia has pivoted its trade policy in the wake of sanctions with more seaborne trade flowing to countries it deems...
LNG carrier crunch looms Fleet will have the same design in 2025 as in 2015 without technology improvements, Lloyd's Register gas segment director says
Record rates, floating storage and contango trades for LNG shipping amid discharge delays Gas tanker rates surpass $460,000 per day to hit fresh records after gaining five-fold over October amid very tight availability
Ports await 5G connectivity to accelerate innovation Smart ports and smart shipping have been promoted by tech companies for many years, even though super-fast, low-latency connectivity has...
MASS misunderstandings reveal barriers to innovation Autonomous ships are at the higher end of innovation and will probably not feature globally for many years; yet discussion...
LPG shipping on track for solid rates through to 2025 Daily rates could rise to $55,000 in 2024 and $50,000 in 2025 after dipping next year due to a heavy...
Matson projects 15% drop in quarterly China box volumes Matson reports lower demand for its transpacific service as transitional declines from pandemic highs reduce freight rates
Shipping's business model must adapt to retain talent Workforce and skills issues are rising up the ranking of maritime concerns. Incentives such as bonuses and holidays no longer...
Gram agrees $65,000 day rate for panamax PCTC Ever-higher charter rates are being paid for pure car truck carriers as available capacity continues to be absorbed by port...
Ningbo struggles to unblock cargo flows amid lockdown Shippers are allowed to pick up empty containers directly from the port area but many drivers remain stranded in the...
Shipping will require 'different fuels for different ships' 'Rather than one solution, the industry will select different fuels for different types of ship and it is important not...
Daily Briefing EU taxonomy rules sweep shipping into their wake | Grain corridor to be expanded in renewal talks | Wärtsilä's units...
Industrial rebound pushing up US truck tonnage An increase in US manufacturing output is putting more freight in trucks this fall, contributing to an increase in truck tonnage as measured by the American Trucking Association and others.
US Gulf resin shippers get more vessel space with new CMA CGM service CMA CGM is adding a new South America-US Gulf service that aims to restore some of the capacity lost on that trade lane due to cutbacks over the past year.
Mobile's breakbulk docks face strike threat after talks with ILA local fail The ILA's local union at Mobile's general cargo and breakbulk docks may walk off the job this week if a deal can't be reached with breakbulk stevedore CSA Equipment.
Indian port capacity set to swell amid sustained trade growth expectations Among the Indian port projects in motion is a new deepwater greenfield harbor along the Bay of Bengal that the Adani Group hopes can serve as a growth catalyst for the relatively underrated trade region.
Flight-cutting plan at Amsterdam Schiphol puts freighter slots at risk A proposal to significantly reduce annual flights at Amsterdam Airport Schiphol is rattling air cargo operators at the airport.
Slync bets on industry pioneer Urban to turn page Embattled software provider Slync.io has turned to GT Nexus co-founder John Urban in a bid to resurrect its fortunes following the ousting of former CEO Chris Kirchner.
Ardmore chief: Product tanker rates could triple in reshuffle of Russian oil trades Refiners have money to spend on tight shipping tonnage after reaping significant profits from cut-price Russian crude
Are container shipping markets set to resemble a car crash? Fast moving container markets has much in common with Formula 1, Capital Link forum learns.
Tanker or LNG carrier out of your price range? Rent a pirate ship for $292 per day A pirate ship on AirBNB still costs 99.6% less to charter per day than a large tanker
VLCC rates surge 19% in a day to reach 28-month high Market sentiment and futures market point to more gains as TCE earnings reach highest levels since 2020
Mind the 2030s green energy gap, Martin Stopford warns Veteran shipping analyst calculates it will take 36 wind turbines to provide sufficient green methanol for a container ship newbuilding
Carnival offers $1.25bn in bonds as it faces $35bn in Covid-19 debt New York-listed cruise giant's shares jump almost 11% by Tuesday's midday trading
B Riley analyst: Baltic clean product index fails to capture strengthening market B Riley Securities previews third quarter earnings season and has a big hike in price target for one major player
Greek LPG trader dives into shipowning with $63m VLGC deal The conspicuous transaction comes amid busy activity in LPG ships that may involve the shipping unit of EnTrust Global
Pakistan Ship Breakers Association says country plans to ratify Hong Kong Convention South Asian nation's 'in principle' decision seen as a major step to levelling the playing field for green recyclers
Navigator Holdings launches buyback programme after months of teasing Company executives had said a repurchase programme could be in the works as shares traded below net asset value
Governments, oil majors seek OSVs to monitor infrastructure after Nord Stream blasts Offshore owners receive unexpected boost to demand following suspected sabotage in the Baltic Sea
Tight LNG shipping market to 'progress' further into 2024 Rates are not yet as high as they can go, says Maran Gas commercial chief
Lorentzen & Co ups tanker rate forecasts as tonnage supply 'thins out' Broker makes first change to 2023 estimates since May in fast-changing markets
Greek LPG trader expands into shipowning with $63m VLGC deal The conspicuous transaction comes amid busy activity in LPG ships that may involve the shipping unit of EnTrust Global
ExxonMobil out of Russia after SCF tanker dispute US oil major says that the Russian government 'unilaterally terminated' its interests in the Sakhalin-1 oil and gas project
Lorentzen & Co ups tanker rate forecasts as tonnage supply 'thins out' Oslo broker makes first change to 2023 estimates since May in fast-changing markets
New Times Shipbuilding axes Eurogreen methanol-fuelled MR tanker newbuilding deal The buyer is said to have failed to put down first payment for the MR tankers despite extension of grace period
Gram hits accelerator with new record rate for five-year panamax charter Norwegian owner pushes up term benchmark again in super-hot market
TotalEnergies floats tender in search for shuttle tankers Oil major is seeking to charter two vessels for use in Brazil
Tankerska Next Generation lands huge rate for short-term MR tanker charter Brokers report 11-year-old vessel fixed way above spot levels for a month
Al Seer teams with Damen Shipyards to target $10bn of newbuildings Abu Dhabi owner and shipbuilder sees big demand for new vessels over the next 10 years
Second Angelicoussis capesize escapes Ukraine before grain window shuts Bulker that usually carries iron ore has switched to a multiple grain cargo to leave the war-torn country
French oil major TotalEnergies floats tender in search for shuttle tankers The oil major is seeking to charter two vessels for use in Brazil
Tufton Oceanic ups dividend target in stronger clean tanker markets UK owner believes sector strength will be magnified by EU ban on Russian oil
Amasus inks diesel-electric MPP quartet at Turkish shipyard Dutch owner says shortsea ships will be capable of carrying turbine blades, as well as containers and bulk cargo
Kyiv ups pressure on P&I insurers over Russian oil shipments Move comes as Greek tanker owners are named on Ukrainian website
Dry bulk rates and Guo's vanishing act scupper Citic FL ultramax quintet at DSIC Shipbuilding sources believe Citic FL will retain a DSIC contract for 10 bulker newbuildings
Bunker Holding extends paid parental leave for all employees to 20 weeks Male dominated workforce will no longer face pay cuts for leave under new ESG-related policy
Chemicals giant Ineos' trading arm sifts bids for LNG newbuilding pair Another charterer trawls an already tight market for vessels delivering in 2026
Weaker bulker markets prompt cancellation of ultramax quintet at Dalian Shipbuilding Sources said a weaker dry bulk market the 'disappearance' of the bank's global shipping head Guo Fangmeng (Bill Guo) were behind the termination
Shifting tides: The fall of container shipping stocks, the rise of tankers As container shipping stocks get battered by collapsing rates, tanker shares could be poised for a long bull run.
United Airlines' cargo revenue outperforms soft market United Airlines continues to deliver strong cargo results each quarter even as global trade softens.
SC Ports to construct intermodal facility to serve Charleston The South Carolina Ports Authority will join other major East Coast ports in providing near-dock rail via the planned Navy Base Intermodal Facility at the...
Port Houston records 2nd-busiest month amid import surge Port Houston reported a 26% year-over-year increase in cargo volume in September.
Mammoth Freighters adds UK facility for 777 cargo conversions Aerospace engineering firm Mammoth Freighters hasn't built one converted freighter yet but is already adding capacity to meet demand.
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