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Houthis Claim First Attack on Shipping in Two Weeks
Yemen's Iran-aligned Houthi movement said on Sunday that it targeted a Liberia-flagged container vessel in the Gulf of Aden, claiming its first attack on shipping lanes since Israel carried out a retaliatory airstrike in Hodeidah port on July 20.Houthi military spokesperson Yahya Saree said in a televised statement that the MV Groton was attacked by ballistic missiles.British maritime agency UKMTO…
$540 Million Worth of Meth Seized in Port Botany
Australian authorities have made a major drug bust in Port Botany, uncovering a large shipment of methamphetamine in an inbound shipping container arriving from the United States.The discovery was made on July 22 when Australian Border Force (ABF) examining the container discovered about 896kg of the illicit powdered substance hidden inside packages tucked away in two separate computer numerical control (CNC) machines.The drugs were removed…
BIMCO: Strong Bulk Market May Cool as 2025 Nears
The BIMCO Dry Bulk Shipping Market Overview & Outlook July 2024 by Niels Rasmussen, BIMCO’s Chief Shipping Analyst, anticipates that the supply/demand balance will strengthen in 2024 but weaken in 2025.Supply is estimated to grow by 3-4% in 2024 and 1.5-2.5% in 2025, while demand is projected to grow by 4.5-5.5% in 2024 and weaken by 1-2% in 2025.Freight rates are expected to stay strong during the rest of 2024, but demand could ease amid high inventories among importers.
Baker Hughes Bets on Foreign Demand
Baker Hughes cut its outlook for spending by oil producers on Friday, citing lower drilling activity by North American companies, joining other oilfield service companies in warning about softness in the region.However, the company raised its full-year revenue and profit estimates, banking on strong international growth and demand for gas equipment.Shares of the company, which beat analysts' estimates for second-quarter profit on Thursday…
Russian Warships Make Routine Visit to Cuba
Havana residents watched from shore on Saturday as Russian warships arrived for the second time in as many months, in a visit that Cuba called routine.Cuban authorities fired shots into the air to signal their welcome, while curious fishermen watched from Havana's waterside promenade as the ships advanced up the bay. Russian residents were also among the few up early to see the fleet's arrival.The patrol ship Neustrahimiy…
Pilotage Concerns Raised After Near Grounding in Great Barrier Reef
A bulk carrier came within 200 m of grounding in the Great Barrier Reef after a GPS unit onboard the ship began providing false information to the pilot and crew on board, an ATSB final report details.The near grounding occurred early on the morning of May 4, 2022, when the 225m bulk carrier Rosco Poplar was transiting Hydrographers Passage under the conduct of a coastal pilot.Unknown to the pilot and crew…
CMA CGM Sees Shipping Demand Holding Up After Restocking Wave
Shipping giant CMA CGM said on Thursday that brisk international trade and Red Sea disruption supported its main maritime division in the second quarter and should limit any market slowdown later this year as new ship capacity arrives.The world's third-largest container shipping line reported a 6.8% year-on-year increase in volumes in the second quarter. Volumes also rose more than 6% from the first three months of the year when the group started seeing an upturn in demand.Restocking by U.S.
Iran Releases Oil Carried by Tanker St Nikolas
Iran has released the oil cargo of a Greek-owned, Marshall-Islands-flagged tanker it seized in the Gulf of Oman earlier this year, a shipping source told Reuters on Thursday.The vessel, M/T St. Nikolas, is still being held by Iran, the source added. It was laden with 1 million barrels of Iraqi crude oil destined for Turkey when it was seized."The cargo was released earlier this week after negotiations," the source said.Turkish refiner Tupras said in a statement that the St.
Containership Fleet Growing at Fastest Rate in 15 Years
The maritime industry is seeing significant fleet growth in the containership sector as the volume of newbuild deliveries eclipses previous highs.“Since the beginning of the year, the capacity of the containership fleet has increased by 1.6 million TEU. Compared to one year ago, the capacity has risen 11% to 29.5 million TEU, the fastest fleet growth in 15 years,” said Niels Rasmussen, chief shipping analyst at BIMCO.During the first half of 2024…
On Land or Ship, Port Chaplains Offer Comfort to Seafarers of the World
Boston celebrated its maritime heritage in June by welcoming tall ships from around the world into Boston Harbor for the celebratory event, Sail Boston. Thousands of people visited the magnificent vessels at anchor to learn about Boston’s rich maritime history.I saw the tall ships with representatives from the New England Seafarers Mission (NESM). Founded in the 1880s by the Swedish Covenant Church, the NESM today serves seafarers in Providence, Rhode Island and Boston, Massachusetts.
China, Philippines Agree on 'Provisional Arrangement' for South China Sea Resupply Missions
The Philippines and China have "reached an understanding on the provisional arrangement" for resupply missions to a beached Filipino naval ship in the South China Sea, Manila's foreign ministry said in a statement on Sunday.The Department of Foreign Affairs (DFA) did not provide details on the arrangement for the Philippines' resupply missions to the Sierra Madre on the Second Thomas Shoal.But it said…
Vineyard Wind Incident Not First Time a GE Vernova Turbine Came Apart
An incident at the Vineyard Wind offshore wind energy project this week that scattered shards of fiberglass across Massachusetts beaches was the latest in a series of failures involving wind turbines built by GE Vernova.At least one other GE Vernova offshore wind turbine came apart this year, at the massive Dogger Bank A project off the UK coast, and several onshore wind turbines in Germany and Sweden have also broken in recent years…
Turkey to Send Ship to Search for Oil and Gas Off Somalia Coast
Turkey will send an exploration vessel off the coast of Somalia later this year to search for oil and gas as part of a hydrocarbon cooperation deal between two countries, Turkish energy ministry said on Thursday."We will send our Oruc Reis vessel at the end of September, or early October to Somalia. It will conduct a significant seismic study there, which can last for months," Turkish Energy Minister Alparslan Bayraktar said.Two of the three blocks…
Mayor of Russia's Novorossiisk Port Issues Sea Drone Alert
The mayor of the Russian Black Sea port city of Novorossiisk issued a sea drone alert on Thursday morning, he said on the Telegram messaging app.Mayor Andrei Kravchenko urged locals to stay away from the shoreline. Ukrainian sea drones have in the past attacked Russian ships near the port, disrupting traffic.Novorossiisk is Russia's largest Black Sea port and a key outlet for crude oil and oil product exports in Russia's south.
Possible Red Sea Oil Spill After Houthi Attack
Liberia-flagged oil tanker Chios Lion was assessing damage and investigating a potential oil spill after it was attacked by Yemen's Houthis in the Red Sea, the Red Sea and Gulf of Aden Joint Maritime Information Center (JMIC) said on Tuesday.An unmanned watercraft inflicted minor damage to Chios Lion's port side on Monday as part of a swarm of attacks by the Houthis on the vessel and another ship sailing around 100 nautical miles northwest of Yemen’s port city of Hodeidah."While originally heade
Oil Tanker Seized by Iran in 2023 Anchors Near UAE Coast
A Chevron-chartered oil tanker seized by Iran more than a year ago has dropped anchor near the United Arab Emirates port of Khor Fakkan, ship tracking data showed on Monday.The Marshall Islands-flagged Advantage Sweet was boarded by Iran's military in the Gulf of Oman in April 2023 after an alleged collision with an Iranian boat.After sailing away from Iran last week, its latest position was located close to the UAE, LSEG data showed on Monday.A Chevron spokesperson said on Saturday it was aware
Damen’s New Dredger Starts Work in Indonesia
Damen’s new cutter suction dredger, the first of Damen CSD600 series, has started operations in Indonesia.The dredger was transported from Rotterdam, the Netherlands to Indonesia as deck cargo on a heavy lift carrier.The stationary dredger, which has been named Jhoni 58, is working on a maintenance dredging project.The dredging operation is located at the Port of Batulicin on the island of Kalimantan.
European Shipowners and Maritime Union Launch Digital Initiative
The European Community Shipowners’ Associations (ECSA) and the European Transport Workers Federation (ETF) have launched the ‘Seafarers Go Digital’ initiative.‘Seafarers Go Digital’ is a mutual commitment of ECSA and ETF seeking to identify and address the challenges of digitalization for shipping and seafarers.The initiative recognizes the need to adapt international regulations, training programs…
Tanker and Tugboat Crews to Receive IMO Bravery Awards
The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.Nominations were initially reviewed by an Assessment Panel and their recommendations were considered by a Panel of Judges…
Container Segment Set to be Hardest Hit by FuelEU Penalties
Vessels in the passenger/cruise, container, RoPax, bulker and tanker segments will have significant cost exposure from the FuelEU Maritime regulation due to be implemented from January 1 next year, despite a relatively modest initial target of a 2% cut in GHG intensity, according to OceanScore.The Hamburg-based maritime technology firm’s data analytics team has calculated that shipping will rack up total FuelEU penalties of €1.345 billion in 2025 through analysis of the 13…