Euronav Posts Record Q2 Result, but Says Floating Storage Demand Dissipating
Belgian tanker operator Euronav reported record-high second-quarter earnings on Thursday but warned that floating storage demand had eased sooner than it expected.The company, which operates shipping and storage of crude oil, benefited from soaring demand for oil storage at sea as buyers struggled to find storage space on land for surplus crude during a global economic slump caused by the coronavirus pandemic.“Tanker markets continued to deliver strong earnings throughout Q2 and into the early part of the third quarter", Chief Executive Hugo De Stoop said in a statement, but noted floating sto
How Technology Can Help Shipping Companies Recover from the COVID-19 Crisis
The global coronavirus pandemic has had a huge impact on society and on business. Working from home has become the new normal and many industries have quickly adjusted. But in an industry as traditional as shipping, this is causing a major shake-up, not least in the uptake of technology.According to satcom specialist IEC Telecom, the demand for digital technology has risen tenfold as maritime businesses embrace new ways of working during the coronavirus pandemic.Another recent study from members of Maritime Singapore highlights that when companies digitalize their processes…
Shipping's Share of Global Carbon Emissions Increases
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down.About 90% of world trade is transported by sea and UN shipping agency - the IMO - aims to reduce the industry’s overall greenhouse gas emissions by 50% from 2008 levels by 2050.The report - the fourth in a series commissioned by the IMO - said shipping's share of global CO2 emissions increased to 2.89% in 2018 from 2.76% in 2012, when the last study period ended.CO2 emissions grew to 1,056 m
Shell to Charter Six Newbuild LNG Carriers
Oil and gas giant Shell has signed long-term charters for six newbuild liquefied natural gas (LNG) carriers.Shell has signed separate agreements for two LNG ships each with affiliates of Knutsen LNG, Korea Line Corporation, and ICBC Financial Leasing and institutional investors advised by J.P. Morgan Asset Management.The 174,000 cbm LNG ships will be built by Hyundai Heavy Industries and Hyundai Samho Heavy Industries. They will all be equipped with dual-fuel X-DF engines, boil-off management plants, air lubrication systems and shaft generators for auxiliary power.
Ocean Explorer Finds WWII Submarine off Hawaii
A veteran ocean explorer and his team have employed advanced underwater technology to discover and scan World War II submarine USS S-35 (SS-140) offshore Hawaii.This is the 7th US WWII submarine found by Tiburon Subsea CEO Tim Taylor and his "Lost 52 Project" team. This recent discovery utilized pioneering robotics and methods at the forefront of today's underwater technology. The explorers applied a combination of autonomous underwater vehicles (AUV), remotely operated vehicles (ROV) and advanced 4D Modeling photogrammetry.The USS S-35…
First of Five Newbuilds Launched for Unichart Navigation
The first of five new general cargo vessels on order for Unichart Navigation Limited has been launched by the Delta Shipyard in Chattogram, Bangladesh.M.V. Roknoor-32 is approximately 82.5 meters long with the capacity of 3,200 deadweight tons and is the first Bangladesh flag vessel being constructed under the classification of the Indian Register of Shipping (IRClass).Executive Director of Delta Shipyard, Syed Monzur Hossain said, “We will like to thank IRClass for all the support provided during this pandemic.
Intellian Completes Its Next Gen Global Xpress Portfolio
Intellian launches the latest in its next generation GX range of antennas: the GX60NX, designed specifically and now type approved for use with Inmarsat’s Global Xpress Ka-band VSAT network. This 65cm terminal, the smallest in the range, completes Intellian’s GX portfolio. The GX60NX is suited to smaller commercial vessels, and supports customers across all markets, including leisure and fishing.The Below Deck Terminal (BDT), single cable antenna connection and AptusNX control software are identical to those used for the larger GX100NX, which is already approved.
Lower Mississippi River to be Deepened to 50 Feet
The ports at Baton Rouge, New Orleans, South Louisiana, St. Bernard and Plaquemines are slated to have deep draft access after Louisiana Gov. John Bel Edwards and other state officials signed a formal agreement with the U.S. Army Corps of Engineers Friday to begin construction on the deepening of the Lower Mississippi River to 50 feet from 45 feet. The overall project will provide a draft of 50-feet from the Port of Baton Rouge to the Gulf of Mexico over 256 miles of the Mississippi River.
Newport Shipping Names Loges Managing Director for Germany
Newport Shipping said Ingmar Loges has joined the company as Managing Director, Germany, supportSing U.K.-based drydocking services firm in group financial strategy and marketing strategy for the German market.Loges comes with more than 30 years of industry experience in domestic and international marketplaces. His previous roles included Global Head of Ship and Offshore Finance for the last 15 years in financial institutions DVB BANK SE Amsterdam, HSH Nordbank AG Hamburg, UniCredit…
Norway Suspends Cruises Carrying 100+ People After Outbreak
Norway stopped all cruise ships with more than 100 people on board from disembarking at its ports from Monday, after an outbreak of COVID-19 was reported late last week on a ship that had already disembarked at the port of Tromsoe.At least 41 passengers and crew who were on board the cruise ship MS Roald Amundsen, operated by Norwegian company Hurtigruten, have so far tested positive for the coronavirus, while hundreds more on board were told to self-isolate for 10 days, local public health officials said on Sunday.Norway is in touch with Germany…
Ship Emissions: ABS Spearheads the Future of EEDI for Ships
A team led by ABS has been awarded a contract by the European Commission (EC) to explore future directions for the IMO’s Energy Efficiency Design Index (EEDI) for ships.The landmark study will look at ways to improve and accelerate the integration of low-carbon fuels and innovative technologies into the requirements of the index, which was originally created to reduce emissions from ships by promoting design improvements and the adoption of more energy-efficient power systems.The EC…
Armed Guard Hijacks Bulk Carrier
U.S. based shipowner Eagle Bulk Shipping said a security incident involving a disgruntled armed guard hijacking one of its vessels has been resolved without injuries. The Marshall Islands-flagged bulk carrier Jaeger embarked three security guards in the Indian Ocean on July 21, before sailing toward the Red Sea, as the company has done for all transits through the high-risk area over the past 10+ years.Once on board, one of the guards did not surrender his weapon to the vessel’s captain as is normal protocol.
Crew Welfare Innovation Challenge Launched
Challenge for start-ups and SMEs will fund and test application that helps improve the safety of deck operations, minimizes fatigue on board, reduces administration on board and improves overall crew welfare.Mobile satellite communications provider Inmarsat has joined forces with Shell Shipping and Maritime and maritime digital consultancy Thetius to launch a new ‘Open Innovation Challenge’ for start-ups and small and medium sized enterprises (SMEs). The challenge aims to identify technology that can benefit crew safety…
Hurtigruten Halts Cruises After Coronavirus Outbreak
Norwegian cruise line Hurtigruten is halting all its so-called expedition cruises until further notice following an outbreak of COVID-19 on one of its vessels last week, the company said on Monday.At least 41 passengers and crew from the MS Roald Amundsen have so far tested positive for the coronavirus, while hundreds more have been told to self-isolate for 10 days, public health officials said.“A preliminary evaluation shows a breakdown in several of our internal procedures,” Chief Executive Daniel Skjeldam said in a statement.“Our own failure…
UK Coastguard Replacing Emergency Radio Network
The U.K.'s Maritime and Coastguard Agency is investing over £170 million ($221.5 million) in a new radio network for Her Majesty’s Coastguard. The new network will be built and maintained by telent Technology Services Ltd. and is a significant investment in telecommunications infrastructure in rural areas.The existing network will be replaced with a modern and resilient fiber-based hybrid network, that will provide increased reliability, bandwidth and security.The new network will ensure HM Coastguard can continue to communicate with ships in U.K.
StormGeo Names Sørensen COO of Its Shipping Division
Weather intelligence and decision support services provider StormGeo said it has appointed Kim Hedegaard Sørensen as the new Chief Operating Officer for its shipping division effective immediately.Sørensen has an extensive portfolio of global C-level leadership positions in shipping and transportation, including CEO of Nordics Nagel-Group, Blue Water Shipping, and TransAtlantic Industrial Shipping. He also brings with him 17 years’ experience with Danish integrated shipping and container logistics company A.P.
Canada's First Arctic and Offshore Patrol Ship Delivered
The first Arctic and Offshore Patrol Ship (AOPS), Harry DeWolf, was delivered to the Government of Canada on July 31, 2020, in Halifax, N.S.Built by Irving Shipbuilding, the new 6,615-metric-ton, 103.6-meter ship is the largest vessel ever built in Canada in a combat package as well as the largest Navy vessel built in the country in more than 50 years. It is also the first warship to be delivered as part of the National Shipbuilding Strategy (NSS), with many more ships to come as part of the Navy's future fleet.
ABS Class for First Taiwan-built Offshore Installation Vessel
Marine classification society American Bureau of Shipping (ABS) will provide classification services to the first floating heavy lift and installation vessel to be built in Taiwan.The vessel named the Green Jade has been commissioned by CDWE, a joint venture between Taiwanese company CSBC and Belgian offshore contractor DEME, and will be built at CSBC in Taiwan for delivery in 2022 for deployment in the region’s offshore wind market.“This is a key development for the region’s offshore wind capability and for the Taiwanese shipbuilding industry and we are delighted to be able to support it…
Remote FATs Fill COVID-19 Service Gaps
With the coronavirus crisis continuing with no end in sight, Techcross says it is using various solutions to solve customer service issues. Videoconferencing has already become the most basic contactless activities, and the engineering team is filling on-site service gaps through new methods such as training local engineers or providing remote commissioning service.The pandemic has made it difficult for Techcross staff to visit clients and conduct factory acceptance tests (FATs)…
BMT Names de Bruin Managing Director for Europe
BMT announced Dennis de Bruin has been appointed Managing Director for BMT’s Commercial Shipping Europe business, with immediate effect.A BMT employee since 2004, de Bruin has more than 20 years of experience in the maritime industry. He has served for the last seven years as Marine Director for BMT's nautical and cargo department of the Rotterdam office.He will succeed Jeroen de Haas as Managing Director of our European offices in the Netherlands, Belgium and Switzerland, who has been at the helm of Commercial Shipping Europe since 2001…
Congress Responds to COVID19 and Other Challenges for the Maritime Industry
In response to the worldwide COVID-19 pandemic, the Congressional Research Service released a report that stated global economic growth has declined by 3% to 6% in 2020 with a partial recovery predicted for 2021. Also, the GDP of the U.S. has fallen by 5% in the first quarter 2020. According to the International Maritime Organization (IMO), the maritime industry, and seafarers themselves, have not been able to escape the significant effects of this crisis.All sectors of the maritime industry have been adversely affected by the global pandemic.
Envoy Acquires Avantis Marine
UK-based Envoy Group has acquired a marine engineering company, Avantis Marine, to target carbon reduction and clean energy solutions for offshore markets.Avantis specializes in marine engineering with a focus on environmental performance and clean technologies for the shipping, oil and gas and passenger transport markets. The business is headquartered in the Marshall Islands, and operates from bases in the UK, Monaco, Dubai, Singapore and Miami. Iain MacGregor, CEO of Envoy, a 2019 spin-off from oilfield service company Global Energy Group…
US Appoints Coordinator for Arctic Policy as Mineral Race Heats Up
The Trump administration appointed a coordinator for policy in the Arctic on Wednesday, as Washington prepares to compete with Russia and China on resource extraction in a region quickly melting due to climate change.The State Department said Jim DeHart, a 28-year diplomat who most recently served as a senior adviser in South Korea, is now U.S. coordinator for the Arctic region.Washington has not had a top policy maker for the Arctic since Robert Papp, a retired Coast Guard admiral, served as the first U.S. special representative from 2014 until early 2017.U.S.