Commercial Shipping News

11 Nov 2019

Bourbon Commits 100+ Vessels to Fleet Xpress

(Photo: Bourbon)

Marine services firm Bourbon has signed a contract committing more than 100 offshore support vessels (OSVs) to Inmarsat’s Fleet Xpress, the maritime broadband service that combines the speed of Ka-band with continuous back up from Inmarsat’s FleetBroadband operating on L-band.The deal represents a breakthrough offshore contract for Fleet Xpress, which is already installed on some 7,000 vessels - mainly seagoing merchant ships, the company said.“This contract is substantial in…

07 Nov 2019

UK Lowers Security Level for its Ships in Strait of Hormuz

© Wojciech Wrzesien / Adobe Stock

Britain lowered its security risk level for UK-flagged ships travelling through the Strait of Hormuz on Thursday, more than a month after one of its tankers was finally released from detention by Iran.The Stena Impero was seized in July by Iran's Revolutionary Guards in the Strait, a major oil shipping route, for alleged marine violations two weeks after Britain detained an Iranian tanker off Gibraltar. The Iranian ship was released in August."UK-flagged ships will soon be able to transit the Strait of Hormuz without close Royal Naval accompaniment…

17 Oct 2019

Tanker Deliveries Up 37%: BIMCO

Graph: BIMCO

Delivered tonnage of crude oil tankers have grown by +37%, whereas total fleet demolitions for 2019 have slumped to the lowest in a decade with a reduction of 52% from the year before, says BIMCO, the largest of the international shipping associations representing shipowners.Newbuilding orders have remained low through the year with contracted tonnage down by 48%, it said.Amidst a market filled with uncertainty and geopolitical unrest, BIMCO maintains its bearings and turns to the market fundamentals to cut through the mist of market speculation and uncertainty-driven hype.

16 Oct 2019

BIMCO’s Sand to Offer Boxship Insight in Athens

Caption: Accumulated container volumes on the Far East – Europe trade lane are up 4.6% y-o-y. The CCFI has fallen to an index level of 987, down -9% from the same period last year. 2 (Chart: BIMCO)

BIMCO’s Chief Shipping Analyst, Peter Sand, will be speaking and providing the audience with unique insights on the container market at the European Shipping Seminar on November 27, 2019 in Athens, Greece.The European Shipping Seminar, hosted by S&P Global Platts, will discuss the various topics relating to the commercial shipping markets and take a deep dive into how the shipping industry will navigate its way through the uncertain environment of the IMO 2020 Sulphur Cap.Container shipping outlookBIMCO has persistently stressed that trade wars and protectionism are negative for shipping.

24 Sep 2019

GreenSteam Acquires BMT Smart

Image: BMT

Denmark-based GreenSteam, a majority owned company of BP, has acquired BMT’s data collection and performance optimisation subsidiary UK-based firm SMART. The marine efficiency software solutions provider is reputable in leveraging Machine Learning methodologies and next generation fuel saving platforms to stimulate the sustainable development of Shipping and World Sea Trade.The sale of SMART, a data collection and performance optimization software solution, to GreenSteam, follows a strategic business review by BMT to focus on its core Infrastructure…

17 Sep 2019

ChartCo Opens New Office in Greece

Pic: ChartCo

ChartCo, the global provider of digital navigation and compliance solutions, has expanded its global network of offices to Piraeus, Greece to help provide dedicated support for customers in this region for the shipping industries.The global leader in digital navigation services is currently supplying and supporting customers in commercial shipping, offshore, cruising and superyachts all around the world and has a prominent presence of offices in the UK, Europe and Southeast Asia.Over the past decade…

11 Sep 2019

Røine Joins Pacific Green Technologies

Anders Jorgen Røine (Photo: Pacific Green Technologies)

Pacific Green Technologies Inc. (PGTK) (OTCQB: PGTK), owner of the ENVI-Marine and ENVI-Clean Exhaust Gas Scrubbing Systems, said that Anders Jorgen Røine has joined the company as Direct Sales Commercial & Business Development Director based in the office in Oslo.Røine has more than 25 years of commercial shipping experience as a ship broker and senior chartering manager in London, New York and Oslo. After he left The Royal Norwegian Navy he joined Simpson Spence & Young in London…

30 Aug 2019

Sovcomflot's LNG-fueled Tanker to Cross NSR

Korolev Prospect is being berthed for bunkering with LNG at the Port of Rotterdam. Image: SCF Press Service

Sovcomflot’s LNG-fuelled Aframax crude oil tanker Korolev Prospect has started a transit through the Northern Sea Route (NSR).Korolev Prospect will become the first such large-capacity crude oil tanker to travel the entire length of the Northern Sea Route using only cleaner-burning LNG fuel.The tanker is delivering a cargo of crude oil from the port of Murmansk to China. The journey along the NSR, from Cape Zhelaniya to Cape Dezhnev, will take about eight days, with vessel moving at the expected average speed of 12 knots.While transiting from the Laptev Sea to the East Siberian Sea…

12 Aug 2019

UK Warship Sails for Gulf Mission

HMS Kent (Image: Royal Navy website)

British warship HMS Kent set sail for the Gulf on Monday to join a U.S.-led mission protecting commercial shipping vessels in the region amid heightened political tension between the West and Iran.Britain has joined the United States in a maritime security mission in the Gulf to protect merchant vessels.That comes after Iran seized a British oil tanker in the Strait of Hormuz. On July 4 British marines seized an Iranian vessel, which is suspected of smuggling oil to Syria, off the coast of Gibraltar.“Our focus in the Gulf remains firmly one of de-escalating the current tensions…

22 Jul 2019

Britain Seeks to Thwart Iran's 'Piracy'

Britain will seek to put together a European-led maritime protection mission to ensure safe shipping through the Strait of Hormuz after Iran seized a British-flagged vessel in what London said was an act of "state piracy".Iran's Revolutionary Guards seized the Stena Impero in the Strait on Friday. British Royal Marines seized an Iranian tanker off the coast of Gibraltar two weeks ago."Under international law Iran had no right to obstruct the ship's passage - let alone board her. It was therefore an act of state piracy," Foreign Secretary Jeremy Hunt told parliament."We will now seek to put together a European-led maritime protection mission to support safe passage of both crew and cargo in this vital region…

19 Jul 2019

Stakeholders Ignore U.S. Middle East Coalition Proposals

USN File photo: flight operations underway on the USS Boxer, the warship credited this week with downing an Iranian drone.

The United States is struggling to win its allies' support for an initiative to heighten surveillance of vital Middle East oil shipping lanes because of fears it will increase tension with Iran, six sources familiar with the matter said.Washington proposed on July 9 stepping up efforts to safeguard strategic waters off Iran and Yemen where it blames Iran and its proxies for tanker attacks. Iran denies the charges.But with Washington's allies reluctant to commit new weaponry or fighting forces…

19 Jul 2019

Iran Denies Drone Loss, Gibraltar to Detain Grace 1 longer

The 'Grace 1' will remain in detention until at least August 15th. Image credit: MarineTraffic.com

Iran on Friday denied President Donald Trump's assertion that the U.S. Navy has destroyed one of its drones, saying all of its unmanned planes were accounted for, amid growing international concern that both sides could blunder into a war in the Gulf.In the latest episode to test nerves around the strategic waterway, Trump said on Thursday the drone had flown to within 1,000 yards (914 metres) of the U.S. warship Boxer in a "provocative and hostile action" and had ignored several…

18 Jul 2019

IMO Condemns Tanker Attacks in Gulf

Pic: International Maritime Organization (IMO)

The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman.The Council  of the UN body expressed its concern over the grave danger to life and the serious risks to navigational safety and the environment to which such incidents may give rise.The Council also emphasized the need for flag States and shipowners and operators to review the maritime security plans for their ships and implement…

24 Jun 2019

Museum Adds Tug OHIO to Exhibit

Image: The Great Lakes Towing Company

Great Lakes Towing Company (GLT), the largest U.S.-flag tugboat company engaged in towing on the Great Lakes,  christened the new Tug OHIO into service and dedicated the historic Tug OHIO as a part of  the National Museum of the Great Lakes.A press release from GLT said that the newly constructed Tug OHIO is the second Damen Stan Tug 1907 ICE design that Great Lakes Shipyard has delivered to The Great Lakes Towing Company. The tug is 64’x24’x11’, powered by two 1,000-hp MTU 8V4000 Tier III diesel engines, and generates over 30-tons of bollard pull.

13 Jun 2019

U.S. to Discuss Tanker Attacks in U.N. Security Council

The United States plans to raise the attacks on two oil tankers in the Gulf of Oman during a closed-door meeting of the United Nations Security Council later on Thursday, diplomats said."It's unacceptable for any party to attack commercial shipping and today's attacks on ships in the Gulf of Oman raise very serious concerns," acting U.S. Ambassador to the U.N. Jonathan Cohen told a council meeting on cooperation between the United Nations and the League of Arab States."The U.S. government is providing assistance and will continue to assess the situation," he said. (Reuters, Reporting by Michelle Nichols Editing by Sonya Hepinstall)

05 Jul 2019

BMT Inks Deal for Kitsap Fast Ferry

Image Credit: BMT

BMT announced the signing of a contract for two new 43 metre (104’ x 37’’ x 12.5’) high-speed, passenger Fast Ferries for Kitsap Transit, with an option for a third to be added to this vessel fleet. The custom design project will once again see the UK engineering design consultancy partner with US shipyard Nichols Brothers Boat Builders (NBBB) and will join the Kitsap Fast Ferry service in Seattle once completed. John Bonafoux, Business Development Director for Commercial Shipping…

09 Jul 2019

LDA Ventures into Wind-Powered Shipping

Image: Louis Dreyfus Armateurs Group

French family-owned maritime transportation group Louis Dreyfus Armateurs (LDA) is venturing into wind-powered shipping as the group sees the benefits of operational savings and a need for decarbonisation.LDA Group has become the latest member of the International Windship Association (IWSA) to help further the development of these primary renewable solutions.LDA President, Edouard Louis-Dreyfus, stated: "we are very excited by the development of wind solutions as a key answer…

18 Jul 2019

Indian Warships Staying in PG, Won't Join U.S. Coalition

A US Navy oiler underway and engaged in unrep operations. (CREDIT: Nicholas Burgaines)

Indian warships escorting merchant vessels in the Persian Gulf will remain deployed for the longer term, officials with direct knowledge of the matter said, as tensions between Iran and Western powers rise.But the two ships, backed by surveillance aircraft, will not be part of a military coalition that the United States is assembling to safeguard the waters off Iran near the Straits of Hormuz, through which a fifth of the world's oil moves, the two officials said.Since June following attacks on tankers that the United States blamed on Iran and Iran-aligned fighters…

13 Jun 2019

Singapore Firms Select ABS Systems

Image: ABS

Singapore-based offshore marine services provider PACC Offshore Services Holdings Ltd (POSH) and the maritime logistics solutions provider Pacific Carriers Limited (PCL) have selected ABS Nautical Systems  (NS) fleet management software to support their digitalization strategy.Both PCL and POSH are part of Kuok Singapore Limited (KSL) Maritime Group of companies, with competencies extending across offshore marine services, commercial shipping and marine engineering. Both POSH and PCL operate a combined fleet of 245 vessels including tankers…

06 Jun 2019

Inmarsat, Hyundai Sign Digitalization Pact

Image: Inmarsat

British satellite telecommunications company Inmarsat plc has signed a business cooperation agreement that allows Hyundai Global Service (HGS) to offer ship owners and managers a total care solution route to maritime digitalisation.South Korea's HGS was established in 2016 by parent group Hyundai Heavy Industries as a digital transformation solutions provider to optimise ship operations and performance.The ground-breaking agreement paves the way for a cooperation that will include the use of Fleet Xpress Dedicated Bandwidth Services by HGS to support its digital services for ship owners…

27 Jun 2019

NorShipping 2019: A “Koselig” Event

Dr. Kirsi Tikka, Executive Vice President and Senior Maritime Advisor at ABS (foreground) and Niklas Carlen from MSI and Gurinder Singh from ABS (background) during the announcement of the Setting the Course to Low Carbon Shipping vision document. Photo Credit: Joseph DiRenzo

"Koselig" is a Norwegian adjective used to describe situations that give a feeling of comfort, warmth, and relaxation. The NorShipping exhibition and conference, one of the largest in northern Europe, could definitely be described as koselig. Occurring in Oslo, Norway between June 4-7, 2019, the conference featured close to 1,000 exhibitors from around the world. With the prominently featured Blue Economy Hall, terms such as marine sustainability and environmental ocean awareness held the center stage at a number of the events.

02 Jul 2019

Dover Selects Cambridge Pixel's Radar Tech

Photo courtesy of Cambridge Pixel

Cambridge Pixel, a developer of radar display, tracking and recording sub-systems, has supplied its radar video trackers and display technology to Marico Marine as part of a major investment by the Port of Dover into safety systems at Europe’s busiest ferry port.Engineers at Marico Marine (Southampton, England) needed a low cost, open, softwarebased radar tracker for integration with its new vessel traffic service (VTS) system in Dover.It was important that the tracker worked…

05 Jul 2019

KONGSBERG propeller Blade Air Emissions Tech for silent seas

IMage Credit: Kongsberg

Kongsberg Maritime has successfully adapted a propeller concept used in naval applications and is now offering the same operational and environmental benefits to commercial shipping customers.While the naval sector has been using KONGSBERG Blade Air Emission technology for a number of years, with several navies deploying it to limit vessel signature, the process is now being applied to commercial ship propellers to reduce the effect of underwater radiated noise on marine life.By machining a channel into the leading edge of the propeller blades…

Maritime Reporter Magazine Cover Nov 2019 - Workboat Edition

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