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Friday, April 19, 2024
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11 Apr 2024

Demand for New Car Carriers Surges on China's EV Export Boom

© AU USAnakul+ / Adobe Stock

Chinese automakers and shippers are ordering a record number of car-carrying vessels to support a boom in EV exports, data showed, putting China on course to amass the world's fourth-largest fleet by 2028.China currently has the world's eighth-largest fleet with 33 car-carrying ships, showed data from shipping consultancy Veson Nautical. Japan has the world's largest with 283 ships, followed by Norway's 102, South Korea's 72 and Isle of Man's 61.But Chinese companies have 47 ships on order, accounting for a quarter of all orders globally.

04 Apr 2024

Peru's PM Says China-built Megaport Should Launch this Year After Dispute

© Zerophoto / Adobe Stock

A resolution to end a dispute between Peru and China's Cosco Shipping could come as soon as this week to ensure a megaport will start operations as planned by the end of the year, Peru's Prime Minister Gustavo Adrianzen said on Thursday.The Peruvian port authority said in Marchit hoped to annul its decision granting exclusivity of the port's operations to Cosco, citing an "administrative error."Cosco, which is investing $1.3 billion in the first stage of the terminal, has said the push affects the "security and legal stability of investments."On Thursday…

18 Mar 2024

Panama Says Has No Knowledge of Iranian-owned Ships On Registry

© Alexander / Adobe Stock

Panama's maritime authority said on Monday it has no knowledge of ships owned by Iranians being in its registry, following concerns from U.S.

13 Mar 2024

US Meets with Panama on Iran Sanction-Evading Ships

© Valehr / Adobe Stock

The United States has asked Panama to ban Iranian vessels sanctioned by Washington from using its flag, U.S. State Department special envoy Abram Paley said on Wednesday.Paley said the request aims to prevent ships from being used for illegal actions such as supporting groups designated as Iranian terrorist organizations with oil sales.In January 2023, Panama's maritime authority said it had withdrawn its flag from 136 ships linked to Iran's state oil company in the last four years.

26 Feb 2024

UK Chamber of Shipping names Hatcher Chief Executive

Rhett Hatcher (Photo: UK Chamber of Shipping)

The UK Chamber of Shipping announced the appointment of Rhett Hatcher as its next chief executive, replacing Sarah Treseder.Hatcher has recently retired from the Royal Navy. He brings with him a broad wealth of experience. His last role was as the UK National Hydrographer and Deputy Chief Executive at the UK Hydrographic Office. He gained a thorough understanding of Whitehall while in senior appointments at the Ministry of Defense, where he was responsible for global strategy…

26 Feb 2024

Caribbean Officials Search for Missing Couple After Yacht Hijacking

Ralph Hendry and Kathy Brandel (Photo: Salty Dawg Sailing Association)

Police from two countries in the eastern Caribbean are investigating the possible murder of two people believed to be U.S. citizens who owned a catamaran that was hijacked by three fugitives in the waters off the island of Grenada.The yacht's alleged owners, Kathy Brandel and Ralph Hendry, were last seen Sunday night, when three men escaped from the custody of Grenadian authorities. Police in St. Vincent and the Grenadines captured the men on Wednesday.The Royal Grenada Police…

18 Feb 2024

Shipping Industry Calls for Release of Galaxy Leader Crew

(Photo: Screenshot from video shared by Yemeni Armed Forces)

The international maritime industry, led by the International Chamber of Shipping, has joined together to express their concern for the seafarers from the Galaxy Leader who have been held hostage and call on the Houthis to release them.Monday February 19, 2024 marks the three-month anniversary since the Houthis seized the Galaxy Leader and its 25 seafarers in the Red Sea.The roll-on/roll-off vehicle carrier was seized on November 19.“The 25 seafarers who make up the crew of the Galaxy Leader are innocent victims of the ongoing aggression against world shipping…

25 Jan 2024

UK and US Sanction Senior Houthis Over Ship Attacks

Bulk carrier Genco Picardi was hit by a Houthi drone attack on January 17. (Photo: Indian Navy)

Britain and the United States on Thursday said they had imposed coordinated sanctions on four key Houthi figures for their roles in supporting or directing attacks on commercial shipping in the Red Sea.Attacks by the Iranian-backed Houthis have disrupted global shipping and stoked fears of global inflation. They have also deepened concern that fallout from the Israel-Hamas war could destabilize the Middle East.Those sanctioned were Houthi Defence Minister Mohamed Nasser al-Atifi…

22 Jan 2024

Suez Canal Authority Carries Out Repairs to Missile-hit Vessel

(Photo: Suez Canal Authority)

Egypt's Suez Canal Authority said on Monday it had conducted repair work on a missile-hit Greek dry-bulk carrier, highlighting its readiness to restore damaged ships passing through the Red Sea.The Malta-flagged, Greek-owned vessel Zografia had berthed at a floating dock of the authority-affiliated Suez Shipyard Company for repairs after the ship's hull and some components sustained external and internal damage in a Jan. 16 attack by Yemeni Houthi forces.The vessel was sailing…

18 Jan 2024

Panama Canal Toll Revenue Shrinking Due to Drought

© Tiago Fernandez / Adobe Stock

The Panama Canal's toll revenues have dipped by about $100 million per month since last October, the canal's administrator said on Wednesday, adding that if the trend continues reduced income from tolls could total some $700 million by around April.The falling revenue stems from drought conditions that have forced the canal's managers to impose shipping restrictions on the more than century-old waterway, a key global trade route linking the Pacific and Atlantic Oceans.The canal's fiscal year begins in October, and runs through September.Canal Administrator Ricaurte Vasquez described the contin

12 Jan 2024

UK and US Launch Land and Sea Strikes on Houthi Military Targets

© Adrian / Adobe Stock

U.S. and British strikes against Houthi military targets in Yemen were a limited act of self defense and London does not immediately plan any further missions, its junior defense minister said on Friday.The two countries launched strikes from the air and sea against Houthi military targets in Yemen in response to the movement's attacks on ships in the Red Sea since the Israel-Hamas war in Gaza began in October.British Armed Forces minister James Heappey said the strikes were a proportionate response…

11 Dec 2023

UK to Transfer Two Minehunters to Ukraine

(File photo: U.K. Ministry of Defense)

Britain said on Monday it would transfer two Royal Navy minehunter ships to the Ukrainian Navy, as it sets up a new maritime defence coalition alongside Norway to help strengthen Ukraine's sea operations.Britain said the two Sandown Class mine countermeasures vessels will enable Ukraine to better counter the threat from Russian sea mines, aiming to restore Ukraine's export routes via the Black Sea.The transfer of the vessels was announced alongside the launch of the Maritime Capability…

27 Nov 2023

Stowaways Found on Barge in Puerto Rico

(Photo: U.S. Coast Guard)

Twelve stowaways were found on a barge in San Juan Harbor, Puerto Rico, the U.S. Coast Guard said.Coast Guard watchstanders at Sector San Juan received notification from a Coast Guard Station San Juan boat crew at 8:34 a.m., Saturday, of a possible stowaway sighting aboard the barge that was being towed by the U.S.-registered tugboat Sarah Dann.Coast Guard Sector San Juan’s Boarding Team responded to the report and found nine stowaways aboard the barge, including one who was unresponsive. The unresponsive stowaway was reported to be breathing and have vital signs.

27 Nov 2023

COP28 Puts Spotlight on Methane Pledges

Source: Global Methane Pledge

Delegates at this year's U.N. COP28 climate summit are anxious to boost the world's climate change agenda with concrete plans for clamping down on the second-most prominent greenhouse gas – methane.While more than 150 countries have promised since 2021 to slash their methane emissions 30% from 2020 levels by 2030 under the U.S.- and EU-led Global Methane Pledge, few have detailed how they will achieve this.What is needed now is to turn those pledges into urgent action – with financial…

26 Nov 2023

Panama Canal Announces Special Auction Slot Starting Saturday

Source: Panama Canal

The Panama Canal, one of the world's main maritime trade routes, announced on Friday it is launching a special auction slot on Saturday, as it battles a severe drought that has forced it to reduce daily ship crossings."The purpose of this measure is to provide greater opportunity of obtaining a slot for vessels in the Panamax Locks that have been waiting in the transit queue for an extended period," the canal's authority said in a statement.Water levels in Gatun Lake, the rainfall-fed principal reservoir that floats ships through the Panama Canal's lock system, have declined to unprecedented l

14 Nov 2023

Babcock CEO Optimistic Aabout Further Type 31 Orders

(Image: Babcock)

Babcock’s chief executive is optimistic the company will secure further orders for the Type 31 frigate, and talks are ongoing with three countries who are interested in the ship.“We’re still optimistic about further export orders,” CEO David Lockwood said in an interview on Tuesday, adding that he had a couple of visits to potential customers planned before Christmas.“Warships are always political so they’re never done until they’re done.”Babcock is building the Type 31 frigate for Britain, and Poland and Indonesia have ordered vessels based on the same Arrowhead 140 design.

09 Nov 2023

Mideast Conflict Dims Prospect of More Egyptian LNG Exports to Europe

Tamar Platform - Credit III Production media via Delek Group (File Image)

The prospect of the EU receiving more liquefied natural gas (LNG) from Egypt in the short and medium term looks unachievable due to tight gas balances and reduced imports from Israel, Oxford Institute of Energy Studies (OIES) said.Egypt shipped 80% of its liquefied natural gas (LNG) exports to Europe last year as the continent sought to replace Russian pipeline gas after Moscow's invasion of Ukraine. The European Union in June last year signed a framework deal between the bloc…

17 Oct 2023

Rolls-Royce to Cut Up to 2,500 Jobs

© thomathzac23 / Adobe Stock

Rolls-Royce (RR.L) said on Tuesday it would cut up to 2,500 jobs as its new chief executive seeks to build a more efficient business, the latest boss to attempt to revamp one of Britain's most prestigious engineering companies.Over the last decade, Rolls-Royce, whose engines and systems are used on the Airbus A350 and Boeing 787 as well as ships, submarines and in power generation, has been through several restructurings, axing more than 13,000 jobs.Tufan Erginbilgic, who took over in January, is the latest CEO to try to tackle the company's inefficiencies.

03 Oct 2023

Belize to Make Biofuel from Problem Seaweed

© ENRIQUETA / Adobe Stock

Belize is developing a pilot project to convert the masses of foul-smelling sargassum seaweed swamping its pristine beaches into biofuel, its prime minister said in a statement published by regional Caribbean bloc CARICOM on Tuesday.Many Caribbean countries depend economically on drawing travelers from around the world to their white sand beaches, but since 2010 heaps of rotting seaweed have been massing on the shores for reasons scientists do not yet fully understand but suspect are related to climate change.Floating sargassum provides shelter and food for marine animals but as it washes asho

03 Oct 2023

Enclosed Spaces: Engineering Solutions

The use of drones could reduce the need for enclosed space entry. Image courtesy of ScoutDI

If you think the human element is the only cause of enclosed space deaths, think again.Enclosed space incidents are cited as the largest cause of on-duty fatalities in commercial shipping. The risks can’t simply be engineered out, but there’s a powerful coalition wanting action nonetheless.There’s a tendency to blame failure to follow procedures, they say. Investigations seldom focus on the practicality of those procedures or the influence of the operating environment and vessel design, they say.

28 Sep 2023

VIDEO: Taiwan Reveals First Domestically Made Submarine in Defense Milestone

Credit: Taiwan President Website

Taiwan unveiled its first domestically developed submarine on Thursday, a major step in a project aimed at strengthening the island's defense and deterrence against the Chinese navy, though it won't enter service for another two years.Taiwan, which China claims as its own territory, has made the indigenous submarine program a key part of an ambitious project to modernize its armed forces as Beijing stages almost daily military exercises to assert its sovereignty.President Tsai Ing-wen…

15 Aug 2023

Global Conservation Mission Sets Sail from UK in Darwin's Wake

(Photo: Darwin200)

Almost two centuries after Charles Darwin's voyage around the world, environmentalists plan to follow in his footsteps by undertaking a two-year journey across four continents to study endemic wildlife and boost conservation.The group will set sail on board a 105-year-old schooner on Tuesday from the southern English port of Plymouth, from where British naturalist Darwin's own expedition began in 1831, leading him to develop the theory of evolution by natural selection.The 40,000 nautical mile "Darwin200" expedition hopes to anchor in 32 ports, including all the major ports visited by Darwin's

25 Jul 2023

UN Starts Removing Oil from Decaying FSO in Red Sea

(Photo: Boskalis)

The United Nations said on Tuesday it had started the removal of more than 1 million barrels of oil from a decaying supertanker off Yemen's Red Sea coast in a complex operation it hopes will ward off a regional disaster.U.N. officials have been warning for years that the Red Sea and Yemen's coastline was at risk as the Safer tanker could spill four times as much oil as the 1989 Exxon Valdez disaster off Alaska.A U.N. spokesperson said on Tuesday a spill could cost $20 billion to clean up.The war in Yemen caused the suspension in 2015 of maintenance operations on the Safer…