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Xeneta Sees Storm Clouds Gathering for 2023
After over two years of rising rates and overstretched capacity, the rapidly cooling ocean freight market looks set for an âextremely challengingâ 2023, according to Oslo-based Xeneta. An in-depth analysis of the latest real-time ocean and air freight rates, combined with expert trend forecasts, suggests that ocean cargo volumes could fall by up to 2.5%, rates will drop âsignificantlyâ and weak demand will force increased idling of vessels.
Russia Accuses Ukraine of 'Provocation' Over Ship Incident
Russia's Foreign Ministry accused Ukraine on Friday of a "provocation" over an incident involving a Ukrainian warship near the Kerch Strait, the RIA news agency reported.Ukraine has dismissed the Russian complaints as part of a Russian "information attack" on Kyiv.Russia's Federal Security Service said on Thursday that a Ukrainian vessel had headed towards the Kerch Strait that separates Russia and its annexed peninsula of Crimea, and did not react to a Russian request to change its course.The U
Russia Warns Britain It Will Bomb Ships Next Time
Russia warned Britain on Thursday that it would bomb British naval vessels in the Black Sea if there were any further provocative actions by the British navy off the coast of Russia-annexed Crimea.Russia summoned the British ambassador in Moscow for a formal diplomatic scolding after the warship breached what the Kremlin says are its territorial waters but which Britain and most of the world say belong to Ukraine.Britain said Russia was giving an inaccurate account of the incident.
AI- and Solar-powered Autonomous Ship Mayflower Launched
A new Mayflower has been launched in Plymouth, 400 years after its historic namesake set sail from southwest England to America.The new vessel won't be carrying pilgrim settlers across the Atlantic. In fact, it won't hold any crew or passengers at all. The sleek AI- and solar-powered trimaran is autonomy level five, meaning it can operate independently with no human intervention. Next year, it will embark on the famous ocean voyage from Plymouth, England to Plymouth, Mass.
Maritime's Push Toward "Net Zero Carbon"
IMOâs 2050 deadline to reduce GHG emissions 50% from 2008 levels has set off a gold rush to develop Zero Emissions SolutionsClimate change is the biggest issue facing [all aspects of] the maritime industry, said Kitak Lim, IMO secretary general, in an interview earlier this year with Maritime Reporter & Engineering News. He predicted that shipping could experience as much change in the next 10 to 20 years as it has in the last 100 yearsâŚ
DFDS to Buy U.N. Ro-Ro in $1.2 Bln Deal
Danish shipping and logistics company DFDS has agreed to buy Turkish freight shipping operator U.N. Ro-Ro from Turkish private equity firms Actera Group and Esas Holdings for 950 million euros ($1.17 billion) on a debt-free basis. It marks a change of course for the Turkish company, which had planned an initial public offering for up to 57.7 percent of the company, a draft prospectus showed last month. U.N. Ro-Ro operates five freight shipping routes between Turkey, Italy and France.
Corrosion Control and the Autonomous Ship
The remarkable success of autonomous and remotely-controlled vehicles on land and in the air and the interest in this technology being shown within maritime circles suggests that it is only a matter of time before autonomous ships are deployed at sea. Although the fuel costs represent, by far, the majority of shipping costs compared to onboard crews, there are yet substantial benefits to be reaped from autonomous ships.
The March 2017 Edition of Maritime Reporter is Now Available
The March 2017 edition of Maritime Reporter & Engineering News, with U.S. President Donald Trump on the cover, is now available. Read it online here. As this is Maritime Reporter & Engineering Newsâ âGreen Marineâ annual, one might be surprised to see a recent photo of President Trump gracing our cover. Regardless of your personal feeling or political view, the story of President Trump and his new administration is arguably the maritime story of the yearâŚ
Greenpeace Activists Divert Helsinki-bound Coal Ship
The environmental activist group Greenpeace managed to board and get a coal-carrying freighter on its way from St. Petersburg to change its course before arriving to Helsinki harbour.
Marine News: June Editor's Note
The month of June brings many things; among them sunshine, the beginning of summer and ultimately, a clearer picture of where industry is headed next. The June editionâŚ
IMO Joins UN Climate Change Learning Partnership
The International maritime Oranization (IMO) reports it has joined the United Nations One UN Climate Change Learning Partnership (UN CC:Learn). IMO now enters a partnership of more than 30 UN organizations that have an interest in climate change learning. The CC:Learn e-Learning platform aims to provide free e-learning resources on climate change, each course building upon the expertise of relevant UN partners.
US Aircraft Carrier Crew Rescues Fishermen
Sailors and Marines aboard the U.S. Navy aircraft carrier USS Theodore Roosevelt (CVN 71) assisted two fishermen aboard a fishing vessel engulfed in flames off the east coast of Florida, Sept. 29. Theodore Roosevelt watchstanders spotted a rescue flare around 4:30 a.m. approximately 90 miles off the coast and coordinated rescue efforts with nearby Naval Air Warfare Center (NAWC) vessel 38 to assist two fishermen who had climbed into a life raft, the U.S. Navy said in press release.
Korean Ferry Operator Relied Increasingly on Cargo
The operator of the South Korean ferry that capsized and sank this month with the loss of about 300 lives was apparently being squeezed by competition from budgetâŚ
Ferry Tragedy: Boy Who Raised Alarm Had No Time To Call Parents
The frightened boy who first raised the alarm that a South Korean ferry with hundreds on board was sinking did not have time to call his parents, his father saidâŚ
US Closer to Imposing More Sanctions on Russia
U.S. Secretary of State John Kerry suggested on Thursday that the United States is drawing closer to imposing more sanctions on Russia by saying time was runningâŚ
Korean Ferry: Pair Drowned with PFD's Tied Together
A boy and girl trapped in a sinking South Korean ferry with hundreds of other high school students tied their life jacket cords together, a diver who recovered their bodies saidâŚ
Body Of Korean Boy Who Raised Alarm On Sinking Ferry Found
The body of a South Korean boy whose shaking voice first raised the alarm that a passenger ferry with hundreds on board was in trouble has been found, his parents believeâŚ
Ill-fated Korean Ferry May Have Been Going too Fast
It should have been plain sailing for a South Korean ferry carrying hundreds of children and their teachers on an outing to the sub-tropical island of Jeju, an annual trip for Danwon High School.
South Korea's Park: Ferry Crew Conduct Tantamount to Murder
South Korean President Park Geun-hye said on Monday the actions of some crew of a ferry that sank with hundreds feared dead were tantamount to murder, as a fourâŚ
MMA's Brad Lima Talks Maritime Education and Beyond
Maritime employers, thirsting for quality employees in numbers sufficient to run their far flung businesses, continue to struggle to recruit and retain talent despite lingering high unemployment across the other sectors of the economy. On the waterfront, there are many models for producing marine professionals; some quite new and others, time tested. Brad Lima is the Dean and Vice President for Academic Affairs at the Massachusetts Maritime Academy.
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