Demystifying Cyber Security
Recent cyber attacks to the US Government, the IMO, Maersk, amongst others has caused the world to pay attention to criminal cyber activities by foreign states, terrorists, and criminals. The cyber attack against CMA CGM shut down services for close on two weeks. Two days later, on October 30th the IMO was held hostage by a cyber attack. These attacks follow attacks earlier this year against MSC and COSCO.As of January 1ā¦
NAVTOR Acquires Tres Solutions
NAVTOR continues to evolve its eNavigation solutions with the acquisition announced today of Tres Solutions, a 5-year-old Houston-based tech start up that specializes maritime software and analytics, a natural fit for NAVTOR as it pushes to expand its role in the global fleetās vessel analytics and performance optimization. Financial specifics of the acquisition were not made available.āWe (explored) the market and we ended up with Tres Solutionsā¦
'Every Ship That is Available is Sailing,' Says Hapag-Lloyd CEO
With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said ānobody saw this comingā as āweāve seen a spending shift from services to goodsā, with consumer spending for household products and goods soaring during the pandemic, as funds usually targeted to travelā¦
Port of Rotterdam Freight Volumes See Biggest Drop in Decade, But Smaller Than Expected
Freight volumes in the Port of Rotterdam fell 6.9% in 2020 because of the coronavirus crisis, the biggest drop in about a decade but smaller than had been expected, Europeās largest sea port said on Friday.The port's Chief Executive Allard Castelein told reporters he expected a recovery that began in the second half of 2020 to continue this year but said throughput was not expected to reach pre-crisis levels in 2021.The fall in traffic in 2020 was the largest since 2009, taking throughput down t
Rapid Shipment Required: Pakistan to Buy 300,000 Tonnes of Wheat
A government agency in Pakistan has issued a new international tender to purchase and import 300,000 tonnes of wheat, European traders said on Thursday.Price offers in the tender from the Trading Corporation of Pakistan (TCP) must be submitted on March 2.Rapid shipment is required, with the shipment period comprising two weeks plus ship voyage time after the opening of a letter of credit on the purchaseā¦
Container Delays Could be Resolved in Q2/Q3, Hapag-Lloyd CEO Says
Container shipping firm Hapag-Lloyd said surging demand for bulky goods like exercise equipment from locked-down consumers may flatten out in the second or early third quarter, helping to ease disrupted shipping logistics."Things will normalize somewhere hopefully in the course of the second quarter or towards the beginning of the third quarter," Chief Executive Rolf Habben Jansen said in an embargoed briefing session with journalists held on Thursday.Around the worldā¦
Siem Offshore's Siem Barracuda Nets 100-Day Offshore Wind Deal in Asia
Norwegian offshore vessel owner Siem Offshore and Seaway 7, the renewables business unit of Subsea 7, have entered into a contract for an offshore wind project in the Far East.
U.S. to Unveil Nord Stream 2 Report. Sanctions May Take Time
The Biden administration is expected to name as early as Friday the companies it believes are helping build Russia's Nord Stream 2 pipeline, five sources said, a move that could eventually prompt sanctions on the nearly-completed project.The State Department report to Congress, which may come on Friday, is expected to list companies the administration believes are helping to complete the natural gasā¦
Conrad Cuts First Steel for GLDD Dredger
Conrad Shipyard hosted a Steel Cutting Ceremony for Great Lakes Dredge & Dock Corporation (GLDD) at its Deepwater South shipyard in Amelia earlier this month, signaling the start of construction of a 6,500 cu. yd. trailing suction hopper dredge. Delivery of the vessel is scheduled before the end of Q2 in 2023.āThe steel cutting for this new hopper dredge is an important milestone for Great Lakes as we strategically invest in our fleet capacity to meet the nationās maritime infrastructure needsā¦
Inside Cruise Shipping's Fight for Survival
In early 2021, the somber news from the cruise sector continued. For some cruise brands, their own version of ālockdownsā will have spanned an entire year. By late January, 2021, Carnival and others were hesitantly pegging their restarts for April/May 2021, and for some markets, late summer, under a Conditional Sail Order promulgated late last year by the Centers for Disease Control and Prevention (CDC).What else to do but look ahead?In preliminary earnings guidanceā¦
Castor Maritime Buys Kamsarmax Dry Bulk Carrier for $14.8M
Dry bulk shipping firm Castor Maritime has struck a deal to buy a 2010 Korean-built Kamsarmax dry bulk carrier from an unaffiliated third-party for $14.8 million. It did not reveal the identity of the seller.The acquisition is expected to be consummated by taking delivery of the vessel sometime in the end of the first quarter or beginning of the second quarter of this year and is subject to the satisfaction of certain customary closing conditions.
UK Royal Navy Seizes $15,3M Worth of Drugs in Arabian Sea
Royal Marines from the UK Navy's HMS Montrose Frigate have seized £11 million (USD 15,3 million) worth of illegal drugs in two raids of suspect vessels in the Arabian Sea, the UK Ministry of Defence and the Navy said in statements on Wednesday.The Royal Marines seized 2.4 tonnes worth of illegal drugs from a suspect boat in the Northern Arabian Sea, on a counter-narcotics patrol. This was the second drug bust by the HMS Montrose crew in two days.According to the statement by the UK governmentā¦
Offshore Wind Firm Atlantic Shores Signs Deal with Six Unions to Train and Hire New Jersey Workers
Offshore wind developer Atlantic Shores Offshore Wind - a U.S. joint venture between Shell and EDF, has signed a memorandum of understanding (MOU) with six unions operating in New Jersey as part of its bid submission, "committing to help develop and employ a productive, safe, well-trained local workforce."The company in December 2020 submitted its bid to the New Jersey Board of Public Utilities to supply the state with up to 2,300 MW of renewable wind energy.
LNG Tankers to Arrive in Mexico's Ports to Offset Gas Shortage Caused by Cold Snap in U.S.
Two tankers carrying U.S. liquefied natural gas (LNG) for Mexico are expected to arrive on Thursday in the country's Altamira and Manzanillo ports, government officialsā¦
Baltic Index near Four-week Peak on Surging Supramax Rates
The Baltic Exchange's main sea freight index scaled a near four-week high on Thursday as a jump in supramax rates offset weakness in the larger vessel segments.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 14 points, or 0.8%, to 1,770, hitting its highest since Jan. 22 and recording a sixth straight session of gains.The capesize index retreated from a three-week high touched on Wednesday to fall 20 pointsā¦
Canadian Car Ferry to Feature Schottel Propulsion
German propulsion maker Schottel has been awarded a contract to deliver main propulsion units for one car ferry of the Canadian company Western Pacific Maritime.The newly built vessel ordered by the British Columbia Ministry of Transport and Infrastructure will be equipped with four high-efficiency Schottel TwinPropellers (STP). The main propulsion consists of four Schottel TwinPropeller units type STP 150 L (360 kW each), driven by PEM motors.
DNV GL Advises āMind the (Safety) Gapā as Maritime Transforms
A new approach to safety is necessary along the maritime industry's rapid transition to a decarbonized, digitally smart future, says classification society DNV GL in a new white paper released this week, and as discussed on Maritime Reporter TV with Knut Ørbeck-Nilssen, CEO of DNV GL - Maritime and Fenna van de Merwe, Principal Consultant at DNV GL, the reportās author.The white paper entitled āClosing the Safety Gap in an Era of Transformationāā¦
3t Energy Buys Petrofac's UK Training Business
UK-based 3t Energy Group has agreed to buy oilfield services giant Petrofac's UK training business.The purchase includes Petrofacās Survival and Marine, Health and Safety, Fire, and Major Emergency Management capability and facilities in Scotland. The value of the acquisition is undisclosed.3t Energy said the acquisition would expand its offering into marine & major emergency management training markets.
Turkey Deploys Research Vessel in Aegean Sea Sparking Protests from Greece
Greece said on Thursday it had protested to Turkey over its deployment of a research vessel in the Aegean Sea, in what it called an "unnecessary" move as the NATOā¦
Borssele III & IV: Giant Dutch Offshore Wind Farm Fully Commissioned
Borssele III & IV, one of the largest offshore wind farms in the Dutch sector of the North Sea, has reached full commissioning, Van Oord a partner in the Blauwwind consortium behind the 731.5 MW wind farm's development, said Thursday.Blauwwind is a consortium between Shell, Partners Group, Eneco, DGE and Van Oord.Located 22 kilometers off the Dutch coast and the Province of Zeeland, the wind farm is capable of powering 825,000 Dutch households with electricity.
