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20 Nov 2023

Two Ships Divert Course Away from Red Sea After Vessel Seized by Houthis

© aerial-drone / Adobe Stock

Two commercial ships that diverted their course in the Red Sea and Gulf of Aden were connected to the same maritime group whose vessel was seized by Yemen's Houthis, according to shipping data and British maritime security company Ambrey.Israel on Sunday said the Houthis had seized a British-owned, Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security.The Houthis, an ally of Tehran…

05 Oct 2023

Stolt-Nielsen Confirms Strong Third Quarter

Source: Stolt-Nielsen

Stolt-Nielsen Limited has reported unaudited results for the third quarter ending August 31, 2023 including a net profit of $90.1 million with revenue of $694.4 million.This compares with a net profit of $8.3 million, with revenue of $721.9 million, in the second quarter of 2023. The second quarter included an incremental loss provision of $155.0 million (net profit impact of $105 million) related to the loss of the MSC Flaminia after a fire onboard in 2012.The net profit for the nine months of 2023 was $198.2 million with revenue of $2…

05 Sep 2023

MSC's New 24,000 TEU Containership Named in Italy

(Photo: MSC)

Mediterranean Shipping Company (MSC) on Monday held a naming ceremony for its new ultra large containership MSC Nicola Mastro in Intaly's Port of Trieste.The 400-meter-long 24,116 TEU newbuild was built by China State Shipbuilding Corporation's Jiangnan Shipyard as part of MSC's new record-breaking Celestino Maresca class, among the world's largest containerships. "At MSC, we continue to modernize our fleet and are investing in the most fuel-efficient vessels by design. The MSC Nicola Mastro is one of those vessels…

10 Aug 2023

As Container Fleet Grows (4.3%), So too do Sectors Woes

Copyright Mirko/AdobeStock

“Deliveries of new container ships during the first seven months of the year reached a new record high of 1.2 million TEU in 2023, beating the previous record by 0.2 million TEU. As recycling of ships has remained low, the fleet capacity has grown 4.3% since January,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The contracting of new ships has slowed since its record in 2021 but has year-to-date remained twice as high as during the 2010s. The 1.3 million TEU contracted so far this year has therefore kept the order book high…

09 Aug 2023

COSCO Shipping Sets Semi-Sub Heavy Lift Record

Images courtesy of COSCO Shipping

COSCO shipping claims a new record for the heaviest tonnage and largest volume of a single piece of cargo carried.The record came with the smooth departure of the deepwater drilling platform, Deep Blue Exploration, transiting from Singapore to China on the 80,000-ton semi-submersible ship Xin Yaohua operated by COSCO Shipping Special Transport.CNOOC's Deep Blue Exploration platform is the world's first drilling platform independently designed and built by in China to obtain DNV’s smart certification.

05 Jul 2023

Iron Ore Unloaded in Record Time

Source: COSCO Shipping Bulk

On July 2, COSCO Shipping Bulk's 400,000-ton ore carrier Yuanyihai successfully completed what the company claims is the fasters unloading of iron ore in the world.The unloading operation took place in Dongjiakou Port Area of Qingdao Port. It took only 30.7 hours to complete the unloading of 375,500 tons of cargo.COSCO Shipping Bulk coordinated with the port to formulate a plan to speed up the unloading and arranged for the representative of COSCO Shipping Bulk Beijing Branch in Qingdao and the ship’s crew to cooperate on the effort.After the Yuanyihai berthed…

16 May 2023

Florida Researcher Breaks World Record for Living Underwater

Courtesy of Joseph Dituri

University of South Florida (USF) Associate Professor Joseph Dituri has broken the world record for living underwater, previously set at 73 days.Dituri is studying how the human body responds to long-term exposure to pressure from an underwater habitat located at Jules’ Undersea Lodge in Key Largo where he’s been living since March 1.His 100-square-foot underwater home has subjected him to an isolated and extreme-confined environment. With this new record, Dituri's officially reached uncharted territory for science, and he hopes his research may have far-reaching impacts, even in space.

13 Apr 2023

Record High Container Order Book Signals 'Significant Change'

“Despite the collapse in freight rates, shipowners still have an appetite for new container ship orders and the order book has continued to grow. The record high order book of 7.54 million TEU will result in significant changes to the container fleet in the coming years,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.During the last 10 quarters, 8.61 million TEU has been contracted, matching the level contracted during the preceding 30 quarters. The order book has now increased for 10straight quarters…

13 Mar 2023

Ship Recycling Market Remains Strong

Recycling markets remain firmly poised for another week, following a stunning resurgence by the Bangladeshi market (in particular) that leaves them atop the price rankings board.Levels close to and even over $600/LDT are now being regularly presented on various vessels and this is inducing more Ship Owners to sell their vessels, especially as freight rates in the dry bulk and container sectors are failing to improve sufficiently for Owners to keep holding onto their aging tonnage.Cape rates have come back this past week…

16 Jan 2023

Iranian Oil Exports End 2022 at a High, Despite No Nuclear Deal

© leodeep / Adobe Stock

Iranian oil exports hit new highs in the last two months of 2022 and are making a strong start to 2023 despite U.S. sanctions, according to companies that track the flows, on higher shipments to China and Venezuela.Tehran's oil exports have been limited since former U.S. President Donald Trump in 2018 exited a 2015 nuclear accord and reimposed sanctions aimed at curbing oil exports and the associated revenue to Iran's government.Exports have risen during the term of his successor President Joe Biden, who had sought to revive the nuclear deal, and hit the highest since 2019 on some estimates.

05 Aug 2022

SBM Orders Seventh Fast4Ward Hull

For Illustration - Liza Unity is Guyana's second FPSO in production. - Image Credit: SBM Offshore

Dutch FPSO leasing specialist SBM Offshore has ordered its latest Fast4Ward multi-purpose floater hull as it marked a new record level order book at $31.1 billion. The latest Fast4Ward floating production unit (FPU) is expected to be delivered in 2024, the firm said yesterday in its half year earnings. It also said it could have near-zero emissions FPSO available to the market by 2025. "Our market outlook for new FPSOs remains positive as the world requires energy which is not only sustainable, but also affordable and reliable," said Bruno Chabas, CEO of SBM Offshore.

26 May 2022

Port Corpus Christi Sets New Tonnage and Revenue Records

(Photo: Port Corpus Christi)

The Port of Corpus Christi reports it experienced double-digit volume growth in the first four months of 2022, establishing new records for tonnage and revenues. Through the end of April its customers moved 59.2 million tons of cargo through the Port of Corpus Christi, representing a 10.4% increase over the prior record set in 2020. These new tonnage records were a result of a 56.2% increase in liquefied natural gas (LNG) exports (5.4 million tons), a 17.8% increase in refined product exports (10.6 million tons)…

15 Apr 2022

Cemre to Build Ferry for Torghatten Nord

(Image: Cemre Shipyard)

Turkey's Cemre Shipyard said it has won a contract from Torghatten Nord AS to build a new double ended Ro-Ro passenger and vehicle ferry for the Norwegian operator.Developed by The Norwegian Ship Design Company, the 117-meter-long double-ended car and passenger ferry with the designation NSD120CFc will normally operate emissions-free in exposed waters on the entire 1-hour transit of the Bognes – Lødingen route in the Northern part of Norway at a speed of 13-14 knots. The transit time (and speed) is bringing a new record among the Norwegian battery ferries…

12 Apr 2022

Beth Rooney Named Director of Port of New York and New Jersey

Beth Rooney (Photo: Port Authority of New York and New Jersey)

The Port Authority of New York and New Jersey announced Beth Rooney has been named Director of the Port Department, taking over for Sam Ruda who is departing to return to the West Coast.A maritime industry veteran, Rooney will assume the role on May 2 following three years as the ports Deputy Director and more than three decades of experience. She has been with the Port Department since 1993.Together, Ruda and Rooney have led the East Coast’s busiest and largest seaport, and third in the nation behind the Port of Los Angeles and Port of Long Beach.

28 Jan 2022

Ballast Water Management: Techcross Reports Record Start to 2022

BWMSs ready for shipping in Techcross Busan factory. Photo courtesy Techcross

Despite the prolonged COVID-19, Techcross reports that it has kicked off the new year with a new record in amount of order, FAT and shipments in January 2022.As of the third week of January, Techcross sold Ballast Water Management Systems (BWMS) for 81 ships, representing already its largest January amount of order, $23 million, expected to exceed $26 million, which was the largest monthly order in 2021.In addition, Techcross finished Factory Acceptance Test (FATs ) for 93 ships also set a new monthly record for the company…

07 Jan 2022

Gas Gap in Europe Drives US LNG Exports to Record High

© Wojciech Wrzesień / Adobe Stock

Sky-high European demand drove U.S. liquefied natural gas (LNG) exports to a record in December, Refinitiv data showed, with winter supply worries set to sustain orders for the fuel.About half of the record U.S. LNG volumes shipped last month went to Europe, up from 37% earlier in 2021, data from Refinitiv and the U.S. Energy Information Administration showed.The gains reflected soaring demand for the home heating and industrial fuel that pushed prices in Europe and Asia to record highs.

15 Dec 2021

Ships Traveling the Thawing Arctic are Leaving Garbage in Their Wake

© Parilov / Adobe Stock

Following another year of stark climate impacts in the Arctic, scientists warned Tuesday of a new scourge hitting the region: marine trash.With the region warming twice as fast as the rest of the world, sea ice that has long blanketed the Arctic Ocean is disappearing, opening new routes to shipping. Scientists began noticing the trash bobbing in the icy water or piling up on Alaska Bering Strait-area beaches last year.“That’s a direct result of increased human maritime activities…

16 Nov 2021

As Port of Los Angeles Import Backups Ease, Empty Containers Pile Up

© MichaelVi / Adobe Stock

The number of container ships waiting to enter the busiest U.S. seaport complex hit a new record of 84 on Tuesday, as growing piles of empty containers crowd docks at the Southern California facility that has been racing to remove lingering imports.The conundrum illustrates the challenge faced by a U.S. government task force charged with tackling supply chain snarls that are contributing to product shortages and inflation.U.S. ports have been inundated with cargo since the pandemic shifted spending away from restricted entertainment like travel and dining out to physical goods.

11 Nov 2021

New Grain Load Record at Port of Thunder Bay

(Photo: Canada Steamship Lines)

Canada Steamship Lines (CSL) set a new record at the Viterra terminal in the Port of Thunder Bay yesterday, when it loaded 31,362 metric tonnes of grain on CSL Welland, breaking the previous record of 31,143 metric tonnes. The cargo of wheat will be discharged in Montreal, destined for international markets.“I commend Captain Rowe and his crew, the Viterra team, the Port of Thunder Bay, as well as our CSL teams on the ground who contributed to this achievement,” said Louis Martel, CSL President and CEO.

29 Oct 2021

Flow of Goods Through Panama Canal Hits Record

© searagen / Adobe Stock

The Panama Canal moved more than a half a billion tonnes of goods over the last year, the canal's top official said on Thursday, marking a record high for the key global waterway as international trade picked up.Ricaurte Vasquez, the Panama Canal Authority's administrator, told reporters during a webcast news conference that 516.7 million tonnes of goods passed through the century-old waterway during the 2021 fiscal year, which ended in September."It's been an exceptional year," he said, noting it was the first time the canal transported more than 500 million tonnes of goods during the 12-mont

09 Sep 2021

Container Shipping: Record Delays, Record Profits

© Mariakray / Adobe Stock

As ports and hinterland transport struggle to keep up, delays at ports are soaking up capacity leading to frustration on the shippers’ side and leaving carriers struggling to keep up all the while making record profits, shipping organization BIMCO reports.Drivers of demand and freight ratesThe container shipping market has frequently appeared in the headlines over the summer as freight rates and port congestion levels continue to reach record highs. Port closures caused by COVID…

12 Feb 2021

Port of Baltimore Bests Its Container Moves Record

Maersk Edinburgh at Baltimore’s Seagirt Marine Terminal, Ports America, Chesapeake, February 9, 2021.  Photo courtesy of Maryland Port Administration.

The Helen Delich Bentley Port of Baltimore reports it has again topped its record for most container moves from a single ship.The 6,000 container moves conducted by longshore workers from the Maersk Edinburgh at the Seagirt Marine Terminal this week are the most ever in the port's the 315-year history. Maersk Edinburgh arrived at the port on Monday, February 8, and left early Thursday, February 11. The final container move was completed at 9:40 p.m. Wednesday.The new high mark—which counts the number of times an imported container is unloaded from a ship…

03 Feb 2021

Sail Power: Liebherr Delivers World's Largest Slewing Drive Units

Liebherr advances into new dimensions with the world’s largest slewing drive units. Photo: Liebherr

As the maritime industry grapples with the technology and technique to meet increasingly strict emission mandates, eConowind is working to deliver an innovative wind sail system.In step with the development, Liebherr delivered what is currently the largest worm-driven slewing drive units in the world for the sailing system by eConowind. Inspired by Jacques-Yves Cousteau, eConowind develops an innovative sailing system that is intended to revolutionize commercial shipping. Up to 40 meters high, futuristic metal sails serve as propulsion support for cargo ships.

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