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Thursday, March 28, 2024
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Maersk News

28 Mar 2024

Lawsuits Over Baltimore Bridge Collapse Likely

(Credit: USACE)

The owner, operator and charterer of the container ship that struck Baltimoreā€™s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companiesā€™ liability.U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions and by acts of Congress, could restrict the kinds of lawsuits filed against the registered owner of the Singapore-flagged shipā€¦

26 Mar 2024

Bridge Collapse Freezes Ship Traffic in Port of Baltimore

(Photo: David Adams / U.S. Army Corps of Engineers)

Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while vessels were stranded inside the port after traffic was halted following a bridge collapse, shipping data showed on Tuesday.A 948-foot container ship smashed into a four-lane bridge in the port in darkness early on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Port traffic was suspended until further notice, Maryland transportation authorities said.At least 13 vessels that were expected to load coal were anchored near to Baltimore portā€¦

26 Mar 2024

Six Presumed Dead After Baltimore Bridge Collapse

Satellite image Ā©2024 Maxar Technologies.

Six workers were missing and presumed dead from a bridge that collapsed in Baltimore Harbor early on Tuesday after a massive cargo ship crippled by a power loss rammed into the structure, forcing the closure of one of the busiest ports on the U.S. Eastern Seaboard.With dive teams facing increasingly treacherous conditions in the darkened, wreckage-strewn waters, active search-and-rescue operations were suspended about 18 hours after the accident, U.S. Coast Guard and Marylandā€¦

26 Mar 2024

Cargo Ship Lost Power Before Slamming Bridge in Baltimore

Collapsed Francis Scott Key Bridge in Baltimore (Credit: Screenshot/StreamTime Live)

A massive cargo ship smashed into a bridge while sailing out of Baltimore early on Tuesday, sending cars and people into the river below and closing one of the busiest ports on the U.S. Eastern Seaboard.Rescuers pulled out two survivors, one of whom was hospitalized, and searched for more in the Patapsco River after huge metal spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the icy water around 1:30 a.m. (0530 GMT).The ship reported a power issue before impactā€¦

26 Mar 2024

Ship That Hit Baltimore Bridge Also Involved in 2016 Antwerp Accident

Collapsed Key Bridge in Baltimore (Credit: Screeshot/StreamTime Live)

The ship that caused the collapse of the Francis Scott Key Bridge in Baltimore early on Tuesday was also involved in an accident in the port of Antwerp, Belgium, in 2016.The Antwerp port authorities said the container ship Dali hit a quay on July 11, 2016, as it tried to exit the North Sea container terminal.The port authority could give no details about the cause of the accident, but said the ship had remained at the dock for repairs for some time after the incident."As a general rule, these accidents are investigated and ships are only allowed to leave after experts have determined it is saf

26 Mar 2024

Baltimore Bridge Collision Sends Vehicles Tumbling Into Water

Collapsed Key Bridge in Baltimore  (Credit: Screenshot/StreamTime Live)

A container ship smashed into a four-lane bridge in the U.S. port of Baltimore in darkness on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Rescuers pulled out two survivors, one in a "very serious condition," and were searching for more in the Patapsco River after huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.The ship "lost propulsion" as it was leaving port, and crew on board notified Maryland officials they had lost control of the vessel, ABC News reported, citing an unclassified U.S.

26 Mar 2024

Houthis Say Six Ships Attacked in Past 72 Hours

Ā© Robert / Adobe Stock

Yemen's Houthis said on Tuesday that they had mounted six attacks on ships with drones and missiles in the last 72 hours in the Gulf of Aden and the Red Sea.The Houthis attacked the Maersk Saratoga, APL Detroit, Huang Pu and Pretty Lady after identifying them as either U.S.

26 Mar 2024

Ship That Collided with Baltimore Bridge Was Chartered by Maersk

(Credit: Screenshot/X)

The Dali container vessel that collided on Tuesday with a bridge in Baltimore was chartered by shipping company Maersk at the time of the accident, the Danish company said in a statement."We are horrified by what has happened in Baltimore, and our thoughts are with all of those affected," Maersk said.The Dali was set to depart Baltimore early on Tuesday and arrive at Colombo on April 22, according to a schedule on Maersk's website.The vessel is owned by Singapore's Grace Ocean Pte and managed by Synergy Marine Group, according to LSEG data.(Reuters - Reporting by Terje Solsvik and Louise Rasmu

22 Mar 2024

Maersk Will Avoid Red Sea Despite EU Security Operation

Ā© aerial-drone / Adobe Stock

Shipping company Maersk said on Friday it was too early to resume sailings through the Red Sea due to a continued elevated risk level, despite an initiative by the European Union to increase safety in the region.Maersk, one of the world's biggest container shipping companies, suspended Red Sea traffic on Jan.

18 Mar 2024

Port of Skagen and Maerskā€™s Stillstrom Partner Up to Decarbonize Anchorage Zone

(Credit: Stillstrom)

The Port of Skagen and Maerskā€™s offshore vessel-charging venture Stillstrom have signed a memorandum of understanding (MOU) to jointly explore the integration of offshore power and charging solutions into the anchorage zone of the Danish port known as Skagen Anchorage.The strategic collaboration aims to address the pressing need for decarbonization in the maritime industry by leveraging innovative technology and sustainable practices.As one of the busiest anchorage zones in Northern Europeā€¦

18 Mar 2024

New International Partnership Set to Speed Up Offshore Wind Installations in US

(Credit: Maersk Supply Service)

Danish offshore marine services company Maersk Supply Service and U.S. vessel owner Edison Chouest Offshore (ECO) have partnered up for the construction and operation of a windfarm feeder concept specifically designed for Maersk Supply Serviceā€™s next-generation wind installation vessel (WIV).The purpose-built feeder spread includes two tugs and two barges to be delivered in 2026. They will be owned and operated by ECO and constructed by Bollinger Shipyards ā€“ the largest privately-owned shipyard group in the United States.As a key component to the installation processā€¦

14 Mar 2024

Hapag-Lloyd to Seek Cost Cuts After Net Profit Slump

Ā© olrat / Adobe Stock

German container shipper Hapag-Lloyd said on Thursday the global oversupply of container ships and a crisis in the Red Sea will force it to cut costs in 2024, adapting sailings and ports following a bruising 83% fall in net profit.Ship operators face prolonged disruption while Yemen-based Houthi militants are attacking vessels travelling on one of the world's busiest routes, wiping out the benefit from higher freight rates with costly redirections around Africa.Hapag-Lloyd's problems chime with those of competitors such as Maersk and CMA CGM, exacerbated by the arrival of additional ships orde

13 Mar 2024

Ships Above 12,000 TEU Drive 100% Increase in Average Ship Size

Source: BIMCO

Since 2006, the average container ship has doubled in size to 4,580 TEU and ships with a capacity of more than 12,000 TEU has accounted for 51% of the fleetā€™s capacity expansion. Today, just 626 ships provide 36% of the fleetā€™s capacity, and the trend is set to continue as the large ships dominate the order book, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.When the Emma Maersk was delivered in August 2006, the ship was by far the largest container ship in the world. It is 400 metres long, 56 metres wide and has a capacity of about 17,800 (14,000 TEU when delivered).

12 Mar 2024

DOF Bags Shellā€™s Decommissioning Contract for Knarr and Gaupe Fields

Skandi Hera AHTS vessel (Credit: DOF Group)

Norwegian offshore vessel operator DOF Group has secured a ā€˜substantialā€™ subsea engineering procurement removal and disposal (EPRD) contract from Norske Shell in the Atlantic region.The contract outlines 100 combined days of utilization of DOFā€™s vessels Skandi Hera and Maersk Installer.DOF will deliver an integrated solution of project management, engineering, design, analysis and survey.Described as ā€˜substantialā€™ by DOF, this means that the contract is valued between $23.8 million and $47.8 million (NOK 250 million to NOK 500 million).The scope includes recovery and recycling of umbilicalsā€¦

11 Mar 2024

Yard Starts Worldā€™s First Container Vessel Methanol Dual Fuel Retrofit

Source: Zhoushan Xinya Shipyard

Zhoushan Xinya Shipyard held a steel cutting ceremony on March 8, 2024 for the 14,000 TEU Maersk Halifax methanol dual fuel retrofit project, marking what will be the world's first container vessel methanol dual fuel retrofit.Representatives from Maersk project team, ABS, and headquarters leaders and employees of the company attended the ceremony.The vessel is scheduled to arrive in early July this year and will undergo conversion and repair for a period of about three months. To ensure the smooth implementation of the project, the yard has built a 500-ton gantry crane overhead the No.3 dock.

06 Mar 2024

US Container Shippers Slow Walk New Contracts, Eye Easing of Red Sea Rate Hikes

Ā© Mariusz / Adobe Stock

U.S. importers are playing the waiting game with new container shipping contracts, gambling the rate spike from Red Sea vessel attacks will fade and put them in a stronger negotiating position, shipping industry analysts said.Iran-aligned Houthi missile and drone attacks on commercial ships in the Red Sea have forced most container carriers to reroute vessels around Africa and sent spot rates soaring.That price shock is a "gift" that carriers will be giving back when the assaults stopā€¦

27 Feb 2024

New Container Shipping Company Launched in Saudi Arabia

Poul Hestbaek (Photo: Folk Maritime)

A new container shipping line has been launched in Saudi Arabia.The newly formed company, Folk Maritime, will provide feeder vessel and short-sea shipping services in the Middle East and the surrounding region.The Riyadh-headquartered company is led by CEO Poul Hestbaek, who previously served as CEO of Maersk's Hamburg Sud.Other executives include chief commercial officer Saleem Kadernani, chief financial officer Khalid Fawzi and chief human resources officer Abdulrahman Alshangiti.

27 Feb 2024

Houthis Say They Can Reassess Red Sea Attacks if Israeli 'Aggression' Stops

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

Yemen's Houthis said on Tuesday they could only reconsider their missile and drone attacks on international shipping in the Red Seaonce Israel ends its "aggression" in the Gaza Strip.Asked if they would halt the attacks if a ceasefire deal is reached, Houthi spokesman Mohammed Abdulsalam told Reuters the situation would be reassessed if the siege of Gaza ended and humanitarian aid was free to enter."There will be no halt to any operations that help Palestinian people except when the Israeli aggression on Gaza and the siege stopā€¦

15 Feb 2024

WSC Proposes Green Balance Mechanism

Ā© Kalyakan / Adobe Stock

As the IMO prepares for negotiations on regulations to support net-zero by 2050 at MEPC 81 in March, the World Shipping Council (WSC) has proposed a greenhouse gas pricing mechanism it calls the Green Balance Mechanism.The aim is to provide a new approach to greenhouse gas pricing which makes it possible to close the price gap between fossil fuels and green fuels, at the lowest possible overall cost:ā€¢ Through the Green Balance Mechanism, fees are taken from fossil fuels and allocated to green fuels usedā€¦

08 Feb 2024

Maersk Warns Oversupply to Hit Profits

Ā© Fotokon / Adobe Stock

Maersk warned on Thursday that container shipping overcapacity would hit profits more than expected this year and that it didn't see a major boost from the jump in freight rates due to Red Sea disruptions, hammering its shares.The warning, which also led the Danish shipping giant to suspend its share buyback programme, is in stark contrast with investors' recent optimism about the sector.Container shipping companies have been among the best-performing stocks in Europe this yearā€¦

08 Feb 2024

Maersk to Spin Off Svitzer

Ā© harlequin9 / Adobe Stock

Denmark's A.P. Moller-Maersk said on Thursday it will spin off its towage and marine services activities and plans to list the new company on the Nasdaq Copenhagen stock exchange.Maersk has sought to streamline its business in recent years, spinning off oil rigs and other units that did not fit with its core shipping and logistics operations.The anticipated first day of trading for the shares of the new company, to be called Svitzer Group, is on April 30, Maersk said as it reportedā€¦

07 Feb 2024

Maersk Operations Disrupted in Some Locations in Americas

Ā© pedisuk / Adobe Stock

Shipping company A.P. Moller-Maersk A/S is experiencing computer network issues that are disrupting operations in some locations in the Americas, Bloomberg News reported on Wednesday.Maersk said there was "no indication" of malicious or cyber activity, the report said, citing an emailed statement.Maersk did not immediately respond to a Reuters request for comment.(Reuters - Reporting by Devika Nair in Bengaluru; Editing by Rashmi Aich)

04 Feb 2024

Ulsan Hosts First Ship-To-Ship Methanol Bunkering Operation

Ane Maersk receiving green methanol from bunkership Golden Sunny Hana (owned by Hana Marine) at the Ulsan Port anchorage. (Source: Ulsan Port Authority)

The Korean Ministry of Oceans and Fisheries and Ulsan Port Authority have announced a world first with the completion of a ship-to-ship (STS) bunkering of green methanol to the 16,000 TEU container ship Ane Maersk at Ulsan Port, South Korea.The Ministry of Oceans and Fisheries established the relevant institutional foundation, including the ā€˜Guidelines for Approval of Self-Safety Management Plan for Methanol Supplyā€™ and accumulated know-how through two methanol supply demonstrationsā€¦