Maritime Careers: How to Get Ahead in Shipbroking
Want to set yourself apart from the crowd? Institute of Chartered Shipbrokers Chairman Glenn Murphy offers this advice to young shipbrokers In the bustling world of global trade, shipbrokers play a crucial role in facilitating seamless transactions and ensuring the smooth movement of goods across vast oceans. As a shipbroker, you are at the heart of this dynamic industry, and staying ahead of the competition…
TDI-Brooks Adds 75m DP2 Ship to its Fleet
TDI-Brooks increases its vessel capacity by adding a 75-meter DP2 vessel, R/V NAUTILUS to its fleet, a ship that can offer a variety of offshore assistance with subsea services, construction aid, exploration, production, ROV and diving support, and scientific marine research and survey mapping, along with military support.This vessel is currently about 60% through its retrofit period in Las Palmas…
Fire Hits Grain Silos at French Atlantic Port
More than 100 firefighters fought a huge blaze at grain silos in the French Atlantic port of La Rochelle on Thursday, disrupting shipping activity at one of France's biggest grain export terminals.The fire started on a conveyor belt at around 8:00 a.m. (0600 GMT) in a grain silo complex operated by SICA Atlantique, the local prefecture said.Some 120 firefighters brought the blaze under control, helped…
Jadestone Energy Working to Address Tank Defect on Montara Venture FPSO
Asia Pacific-focused Jadestone Energy, which last month shut down production from its Montara Venture FPSO off Western Australia due to an issue with the FPSO's 4S ballast water tank,is still working to address the defect in the tank.Jadestone Energy said Thursday that since the shutdown, tank 4S has been emptied and cleaned, with an inspection starting on August 8, 2023."The initial inspection has identified the location of a small defect between tank 4S and oil cargo tank 5C…
Baltic Index Falls on Weakness in Capesize Rates
The Baltic Exchange's main sea freight index edged lower on Thursday as a decline in capesize rates overshadowed advances in the panamax segment.The overall index, which factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, ticked down by 7 points, or 0.6%, to 1,137.The capesize index fell 78 points, or 4.5%, to 1,674, declining for the third straight session.Average daily earnings for capesizes .BATCA, which typically transport 150,000-ton cargoes
Putin Says State-owned VTB Bank to Manage Russia's Main Shipbuilder
Russian President Vladimir Putin on Thursday asked the state-owned VTB bank to manage the state's 100% stake in United Shipbuilding Corporation (USC), Russia's largest shipbuilder, to solve financial problems at the firm.Putin's decision effectively transfers control of Russia's premier shipbuilding assets to Moscow-based VTB, which has been run by Andrei Kostin, one of Russia's most influential bankers…
Mark's Epic Journey: 268 Days 1643 Hours, 6,800 Miles in a Kayak
After 268 days in his kayak, 1643 hours of paddling and a journey of almost 6,800 miles, 65-year-old Mark Fuhrmann has completed his epic “Reverse the Bad” charity expedition across Canada and the United States.In doing so, he becomes the first person to solo kayak the ‘Greater Loop’ circuit, beginning (and ending) in Halifax, Nova Scotia, and traversing the Great Lakes, the Illinois, the Mississippi…
Cuban Oil Tankers Becoming Regular Visitors to Mexican Ports
Cuba has begun using its own tankers to ramp up crude imports from Mexico, which in the second quarter surpassed Russia as a key oil provider to the fuel-thirsty island…
As Container Fleet Grows (4.3%), So too do Sectors Woes
“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.
Hapag-Lloyd Net Profit Dives 67% in H1
German container shipper Hapag-Lloyd HLAG.DE on Thursday posted net profit of 2.9 billion euros ($3.18 billion) for the first half of 2023, down by 67% from a year earlier, but maintained its full year earnings forecast.The net profit compared with 8.7 billion euros in 2022 when shipping, a proxy for global trade, enjoyed a boom as economic growth rebounded following the end of pandemic lockdowns and as logistics disruptions raised freight rates for customers.
Pavilion Energy, CNOOC Complete First Bunker Delivery to LNG-powered VLCC
Singapore's Pavilion Energy and China's CNOOC Gas and Power Group completed their first liquefied natural gas (LNG) ship-to-ship bunker operation for a very large crude carrier (VLCC) at China's Guangzhou port, the companies said on Thursday.A total of 2,800 metric tons of LNG was delivered from CNOOC's LNG bunker vessel Hai Yang Shi You 301 to the VLCC Maran Dione, owned by Angelicoussis Group's Maran Tankers Management (MTM)…
Brunvoll's Propulsion and Manoeuvring Packages for Purus Wind's CSOVs
Norwegian firm Brunvoll has secured a contract to deliver propulsion and manoeuvring packages for Purus Wind's two new Commissioning Service Operation Vessels (CSOV).Each vessel will be outfitted with two azimuth thrusters for propulsion, and two retractable azimuth thrusters and a tunnel thruster for manoeuvring The scope of supply features also Brunvoll's Propulsion and Thruster Control system, Brucon…
Svitzer Australia Appoints New Managing Director
Videlina Georgieva has been appointed as the new Managing Director of Svitzer Australia.She will help drive regional growth and progress Svitzer’s decarbonization agenda and replaces outgoing Nicolaj Noes who will be leaving Svitzer to take on a new opportunity.Georgieva brings a deep understanding of Svitzer’s business and operations, including within Australia, where she has been part of delivering significant commercial results throughout her 13 years with Svitzer…
DB Schenker Decarbonising Logistics Chain with Biofuels
Hapag-Lloyd has entered into a partnership with logistics provider DB Schenker to decarbonise supply chains through the use of biofuels.The two companies have signed an agreement for emission-reduced container transports with a waste- and residue-based biofuel. By end of 2023, DB Schenker plans to claim approximately 3,000 metric tonnes of carbon dioxide equivalent (CO2e) emissions avoidance. This is based on at least 1…
ZeroNorth Provides Voyage Optimisation Solution to Bulker Owners
Cargill has signed a three-year contract that will see ZeroNorth become Cargill’s primary software provider for optimisation of over 600 vessels. Cargill commenced its strategic partnership with ZeroNorth in 2020. The partnership has expanded over time, with Cargill and ZeroNorth working together to develop ZeroNorth’s fuel model and dry bulk solutions.Eman Abdalla, Global Operations Director for Cargill Ocean Transportation…
Axpo Orders LNG Bunkering Vessel Capable of Ship-To-Truck Operations
Italian energy company Axpo has signed a 10-year deal to charter an LNG bunkering vessel which is expected to begin operations in 2025.The agreement has been signed with Italy’s Gas and Heat SpA and the San Giorgio del Porto shipyard. The vessel will be built in the San Giorgio’s shipyard in Piombino, Italy, and will have a capacity of up to 7,500 cubic metres. In the future, the ship could also transport bio-LNG and ammonia.
OOCL Adds Another Ultra-Large Container Ship to Fleet
OOCL’s 24,188 TEU ultra-large container ship OOCL Felixstowe has been officially named at COSCO Dalian Kawasaki shipyard.The Oriental Felixstowe is the fourth of 12 ultra-large container ships which are among the world’s largest. They are being built by COSCO Shipping Heavy Industry for OOCL, and the third, OOCL Piraeus, entered operation on May 30.Yang Zhijian, Chief Executive Officer of OOCL, said…
The "KISS Principle" & Managing, Measuring Ship Emissions
HydroComp is a well-established, small engineering firm focused on hydrodynamic and propulsion system simulation, providing design tools for engineers and naval architects to focus on vessel performance, including emissions. Don MacPherson, HydroComp’s long-tenured Technical Director, discusses the impacts of tightening emissions regulations, with insights on maximizing new vessel designs and refits.Don, maritime has been in the crosshairs of regulators to reduce emissions.
Udo Lange Named CEO of Stolt-Nielsen Limited
Stolt-Nielsen said that, after 23 years as Chief Executive Officer, Niels G. Stolt-Nielsen will step down from his role as CEO on September 1, 2023, and will assume the role of Chairman of the Board of Stolt-Nielsen Limited. He will be succeeded as CEO by Udo Lange.Lange, who will join Stolt-Nielsen as Chief Executive Officer on September 1, 2023, has more than 20 years of experience in the international trade industry…
Baltic Index Inches Up as Panamax Gains Outweigh Capesize Losses
The Baltic Exchange's main sea freight index edged up on Wednesday as panamax rates hit a near three-month high, countering a dip in the larger capesize segment.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities, increased 2 points to 1,144.The panamax index .BPNI gained 38 points, or 3.2%, to 1,233, its highest since May 18.Average daily earnings for panamax vessels…
