Families of Sunken Livestock Carrier Crew Plead for Search to Resume
Families of 39 Filipino crewmen who were aboard a cattle ship that sank during a typhoon are pleading for a search to continue and to expand into uninhabited islands and nearby waters…
DP World to Partner with Israeli Firm in Bid for Haifa Port
Dubai's DP World is partnering with an Israeli group to bid for one of Israel's two main ports and to examine opening a direct shipping line between the two Middle East states, it said on Wednesday.The announcement came a day after Israel and the United Arab Emirates signed an historic agreement to normalize ties, and marks a big development in trade and economic collaboration.Dubai state-owned DP World…
CROE to Fit Its Scrubbers with Oberlin Filters
CR OCEAN ENGINEERING L.L.C. (CROE) and Oberlin Filter Company are partnering to provide an automatic, low-maintenance washwater filtration system to supplement CROE’s closed loop and hybrid exhaust gas cleaning systems (also known as scrubbers). The Oberlin filter is a cleaning system that cleans the closed loop washwater and removes the sludge in a dry/solid form, allowing for reduction in volume and lower disposal cost.
Petronas Exec Sees Number of LNG-fueled Ships Doubling by 2030
The number of ships fueled by liquefied natural gas (LNG) is expected to more than double by 2030, driven by the shipping industry's desire to cut emissions, a senior executive at Malaysia's Petroliam Nasional Bhd (Petronas) said on Wednesday.Currently, less than 400 out of a total of more than 80,000 registered ships, run on LNG as fuel source. This number could increase to 1,000 vessels globally by 2030…
Second Arrest Warrant Issued for GP Global's Tanker
An Indian court has issued a second arrest warrant for a marine refueling tanker owned by troubled UAE oil trader GP Global after it failed to make payments to its ship manager…
Global Demand for Marine Fuels to Fall by Up To 17%
Global demand for marine fuels is expected to fall by up to 17% due to the impact of the coronavirus pandemic on world trade, setting the stage for more consolidation among bunker suppliers, an industry executive told a conference on Wednesday.Banks scaled back on their commodities trade finance after the coronavirus crisis led to defaults by some trading houses and exposed a series of frauds, leaving small and medium-sized firms most exposed.Unni Einemo, director of the International Bunker Ind
France Gives €30 Million to Aid Ferry Companies
The French government will reimburse 30 million euros ($35.5 million) in payroll costs to French ferry companies hit by the coronavirus crisis and Brexit, Prime Minister Jean Castex told parliament.Shipping firms have suffered from lower traffic to and from Britain due to quarantine measures and uncertainty around Britain's exit from the European union."We have decided to reimburse all of Brittany Ferries' payroll costs for the 2021 financial year.
Baltic Index Gains as Capesize Vessel Rates Rise
The Baltic Exchange's main sea freight index rose for a second consecutive session on Tuesday, buoyed by stronger rates for capesize vessels.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, was up seven points, or 0.5%, at 1,289 points.The capesize index gained 24 points, or 1.3%, at 1,922 points, hitting its highest since Sept.
Port of Los Angeles Imports Soar
Port of Los Angeles container volumes hit an all-time high in August, as importers restocked warehouses and retailers prepared for the upcoming holiday season, but officials warned that uncontrolled spread of COVID-19 remains an economic threat."The future of the economy really depends on the future of the pandemic, and the path of the virus right now continues to be the biggest uncertainty," said Jonathan Gold…
Charting Terradepth's Big Ambitions in the Unmanned Vehicle Space
Ocean mapping at scale is the target of a new unmanned systems player started by two ex-US Navy SEALS. They have big ambitions, from new building unmanned vehicles to creating the intelligence that will drive them to changing how accessible ocean data is. Elaine Maslin learned more. The pace of change in the ocean mapping space has been fast in recent years. New entrants have come into the scene offering…
Maritime History: Columbia Lighting the World; How Classification Can Make a Difference
I don’t remember when I discovered that the first application of lightbulbs occurred at sea rather than ashore. But when I dug a little deeper into the subject recently, I came across an interesting set of coincidences that shows how innovation often relies on simply doing, rather than endlessly talking about it. After Thomas Edison managed to make sufficient improvements to the lightbulb concept to have it show commercial viability in late 1879…
Box Ship Rescues Sailors in Storm Sally
The captain and crew of a Hong Kong-flagged containership came to the rescue of a sailboat crew in distress on Sunday amid severe weather and waves during storm Sally, in the Gulf of Mexico, some 130 nautical miles west of Port Tampa Bay, Fla.The COSCO SHIPPING Lines containership COSCO Malaysia was en route from Mobile, Ala. to Port Tampa Bay when it received a distress call from the sailboat Yes Dear at 8:22 a.m.
Sovcomflot Targets at Least $500 Million in Moscow IPO
Sovcomflot plans to raise at least $500 million in an initial public offering (IPO) on the Moscow Exchange, Russia’s top shipping company said on Tuesday, in a deal that could value it at roughly $10 billion according to sources.The move by the state-controlled firm comes as Russian airline Aeroflot also plans to raise capital in a secondary public offering (SPO).For Aeroflot, the cash is needed to…
Carnival's Q3 Losses to Reach Almost $3 Billion
Carnival Corp said on Tuesday it expects to post a loss of $2.9 billion in the third quarter, hurt by the suspension of cruises due to the COVID-19 pandemic, sending the cruise operator's shares down 3% in premarket trade.The cruise business is one of the worst affected from the health crisis and has forced operators, including Japan’s Luminous Cruise, to file for bankruptcy, or to raise money even at the cost of pledging ships.Carnival…
Container Shipping's Half-Century of Growth
A great graphic from Allianz’s Shipping & Safety Report 2020 visually documenting the growth in the container ship industry over the past 50 years.Shipping, Ports & Logistics is a feature focus area of coverage in the October 2020 edition of Maritime Reporter & Engineering News, with insightful interviews with leading ports, shipping companies and legislators.
EU Parliament Votes to Make Ships Pay for Their Emissions
The European Parliament on Tuesday voted in favour of including greenhouse gas emissions from the maritime sector in the European Union's carbon market from 2022, throwing its weight behind EU plans to make ships pay for their pollution.Shipping is the only sector which does not face EU targets to cut emissions, but it is coming under increased scrutiny as the bloc attempts to steer industries towards its plan to become "climate neutral" by 2050.In a vote on Tuesday…
Wilhelmsen Buys Into Østensjø's Offshore Wind Business
Wilhelmsen, one of the world's largest shipping companies, has agreed to acquire a 25% stake in Østensjø Group’s growing offshore wind business Edda Wind.Wilhelmsen has also secured an option to buy another 25% before June 2021. Launched in 2018, Edda Wind owns and operates service vessels supporting the maintenance work conducted during the commissioning and operation of offshore wind farms.Commenting on the Edda Wind deal…
Maersk Training Launches Training Management App
Maersk Training in the UK announced the launch of its upgraded Training Management Solution (TMS) with the aim to improve the training management for companies dealing with fewer headcount and remote working, amid the coronavirus pandemic.The software is divided into two parts, a mobile app aimed at delegates and a web-based application for the administrators and training facilitators. The mobile app provides a full overview of the employee’s individual training requirements…
KPI OceanConnect Appoints Managing Director for Its Hamburg Office
Marine fuels services provider KPI OceanConnect announced Tuesday it has appointed industry expert Boris Gronenberg as Managing Director of its Hamburg operations.KPI OceanConnect’s Hamburg office is located at the heart of Hamburg’s shipping community and is one of 16 in the recently merged group.“Joining KPI OceanConnect at this time is very exciting,” Gronenberg said. “The recent merger of KPI Bridge…
Gulf Copper Wins Contract to Refurbish NOAA's Henry B. Bigelow
Texas-based Gulf Copper and Manufacturing said it has been awarded a $3.9 million dry docking and refurbishment of the NOAA research vessel Henry B. Bigelow. The work will be performed at Gulf Copper's Galveston yard.Commissioned in 2007 and homeported in Newport, R.I., Henry B. Bigelow is a fisheries survey vessel that studies a wide range of marine life and ocean conditions along the U.S. East Coast, primarily from Maine to North Carolina.
