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Hornblower Secures New NYC Ferry Operating Contract
New York City has awarded Hornblower Group a new contract to continue as operator of the NYC Ferry service after the deal was put up for rebid.The 38-vessel NYC Ferry system is the nation's largest passenger-only ferry fleet, serving about 7 million riders annually with six routes that collectively span 70 nautical miles and touch all five city boroughs.Hornblower, which has served as NYC Ferry's operator since the service was launched in 2017…
After Attacking Ukraine Wheat Exports, Russia Faces Own Shipping Challenge
Russia's lack of ships and Western grain traders' shrinking appetite for business with Moscow are adding to rising costs of moving Russian wheat, at a time when the war in Ukraine has spilled perilously close to vital Black Sea supply routes.President Vladimir Putin promised to replace Ukrainian grain with Russian shipments to Africa after Moscow in July ended an arrangement that gave Ukraine's food cargo safe passage in the Black Sea…
Lebanon Marchers Mourn Port Blast Victims Three Years On, Angry at Stalled Probe
Thousands of mourners and protesters marched in the Lebanese capital on Friday to remember those killed in a huge port blast three years ago, as religious leaders and rights groups decried the lack of accountability amid a stalled investigation.The explosion killed at least 220 people and wounded thousands when hundreds of tonnes of ammonium nitrate stored in a warehouse detonated just after 6 p.m. (1600 GMT) on Aug.
Norwegian Firm Agrees to Buy Five Vroon Offshore Vessels for $94M
Norwegian offshore vessel operator Golden Energy Offshore Services (GEOS) has entered into a binding Memorandum of Agreement for the acquisition of four platform…
From Telford Offshore to KNOT Offshore: Derek Lowe Named New CEO and CFO
Shuttle tanker owner KNOT Offshore Partners will appoint Derek Lowe as new Chief Executive Officer and Chief Financial Officer with effect from the week of September 11…
Maersk Warns of Slower Demand for Container Shipping
Shipping group A.P. Moller-Maersk warned on Friday of a steeper decline in global demand for shipping containers by sea this year, prompted by muted economic growth and customers reducing inventories.The company, one of the world's biggest container shippers with a market share of around 17%, said it expects container volumes to fall by as much as 4%. It had previously forecast a decline of no more than 2.5%.Maersk transports goods for retailers and consumer companies such as Walmart…
Geir Bjørkeli to Step Down as CEO of Corvus Energy
Geir Bjørkeli has decided to step down as CEO of marine battery solutions provider Corvus Energy.He will continue in his position until at the latest December 31st 2023, ensuring a seamless transition to new leadership.Bjørkeli said: "After leading Corvus for five and a half years, I believe it is time for the company to have a new leader. Together with the rest of the team, I have dedicated extensive efforts to elevate Corvus into a prominent green industrial company within the maritime sector.
Corvus Energy CEO Resigns
Geir Bjørkeli has made the decision to step down from his role as CEO of Corvus Energy. However, he will continue in his position until at the latest December 31, 2023."After leading Corvus for five and a half years, I believe it is time for the company to have a new leader. Together with the rest of the team, I have dedicated extensive efforts to elevate Corvus into a prominent green industrial company within the maritime sector.
US Navy Destroyer Harvey C. Barnum Jr. Christened
Bath, Maine shipbuilder General Dynamics Bath Iron Works on Saturday christened the U.S. Navy’s newest guided missile destroyer, the future USS Harvey C. Barnum Jr. (DDG 124). The ship is named for Col. Harvey C. Barnum, Jr., who received the Medal of Honor for his heroism on the battlefield during Operation Harvest Moon in the Que Son Valley during the Vietnam War.The ceremony's speakers included Gov. Janet Mills, Sen. Susan Collins, Sen.
Future Fuels: Methanol
Any commentator on the maritime business decarbonization voyage will offer something along the lines of "There will be multiple fuels…" With the International Maritime Organization (IMO) meetings of its Maritime Environmental Protection Committee (MEPC) set for early July, it is likely that targets for emissions will be tightened. Whatever mileposts that the IMO actually establishes, there will be no prescriptions handed down on how to get there.
Inadequate Lookout Leads to Collision Between Coast Guard Cutter and Small Boat -NTSB
The fatal collision between the U.S. Coast Guard cutter Winslow Griesser and a small boat off the coast of Puerto Rico last year resulted from the failure of either vessel to maintain a proper lookout, the National Transportation Safety Board (NTSB) said.On August 8, 2022, the cutter Winslow Griesser and the center-console boat Desakata collided about four miles off the northern coast of Puerto Rico. The cutter, with a crew of 21, was traveling westward along the coast.
BOEM Announces Three Final Wind Energy Areas Offshore Delaware, Maryland, and Virginia
The U.S. Bureau of Ocean Energy Management (BOEM) on Monday announced three final Wind Energy Areas (WEAs) offshore Delaware, Maryland, and Virginia.These areas, BOEM said, were developed following extensive engagement and feedback from states, Tribes, local residents, ocean users, federal government partners, and other members of the public.If fully developed, the final WEAs could support between four and eight gigawatts of energy production.
Greening the U.S. Federal Fleet
The international shipping industry as a whole is responsible for 2% to 3% of global greenhouse gas emissions, and if nothing changes, those will increase by 250% by 2050, according to the International Maritime Organization (IMO). Sobering numbers like these have made reducing emissions across the sector a focus for governments, shipbuilders, environmentalists, vessel owners and technology suppliers alike.The United States federal ship fleet…
Container Rate Collapse Deepens as New Capacity Enters the Market
According to Xeneta’s Shipping Index (XSI), global long-term shipping rates sank to a two-year low in July, falling 9.5% since June, plummetting 57.8% since the same period in 2022. And just as rates hit a fresh low, the bad news for carriers could continue for some time as June saw the highest ever monthly deliveries of new ships, with more than 300,000 TEU of capacity from a total of 40 new ships added to the market.
CMA CGM Braced for Weaker Profit Before Demand Picks up in 2024
French shipping group CMA CGM expects container freight demand to improve from next year but the group's profits will continue to ease this year as a slump in freight rates from record highs and a weak economy weigh on results, it said on Friday.The company, privately controlled by the Saade family, reported a second-quarter net profit of $1.3 billion, down from $7.6 billion in the year-earlier period and from $2.0 billion in the first quarter.
Attracting More People of Color to the Maritime Workforce
In the United States, marine transportation is responsible for $361 billion, or 1.7% of the U.S. Gross Domestic Product (GDP). Marine transportation, a key part of global logistics and responsible for 40% of international trade, goods and services, is the backbone of U.S. trade. In the U.S. in 2021 alone, ships have transported more than 1.5 billion tons of cargo valued at more than $1.5 trillion; in that same time period, U.S.
Crossing Death's Door Daily
Washington Island Ferry Line (WIFL) has been the essential link between the residents, business and visitors of Washington Island and Wisconsin's Door Peninsula for more than eight decades.Picturesque and peaceful Door County isn't named for some intrepid settlers named Door. The name has a more ominous meaning. It's derived from the treacherous passage between the peninsula and Washington Island that mariners called Porte des Mortes…
Obscure Traders Ship Half Russia's Oil Exports to India, China After Sanctions
A Liberian-flagged oil tanker set sail in May from Russia's Ust-Luga port carrying crude on behalf of a little-known trading company based in Hong Kong. Before the ship had even reached its destination in India, the cargo changed hands.The new owner of the 100,000 tonnes of Urals crude carried on the Leopard I was a similarly low-profile outfit, Guron Trading, also based in Hong Kong, according to…
Contracting of Product Tankers Jumps
The product tanker orderbook to fleet ratio has surged from 5.4% in December 2022 to 9.3% in June 2023, driven by a remarkable 337% y/y rise in contracting during the first half of this year.“A spike in freight rates and product tanker demand is likely behind the surge in contracting,” says Filipe Gouveia, Shipping Analyst at BIMCO.By June 2023, product tanker contracting reached 8.9 million DWT. This…
Ship Carrying 3,000 Cars Burns off Dutch Coast, One Dead
A fire blazed on a cargo ship off the Dutch coast with nearly 3,000 vehicles on board on Wednesday, killing one member of the crew and injuring several others, the coastguard said.Several crew members were forced to jump overboard after the fire began on Tuesday night on the 199-metre (655-foot) Panama-registered Fremantle Highway as it was en route from Germany to Egypt.The Indian Embassy in the Netherlands…