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Stowage Issues Cited in Ever Smart Container Loss
A combination of factors including stowage deficiencies likely led to the loss of containers from the U.K.-flagged containership Ever Smart off the coast if Japan in 2017, according to U.K. investigators.On October 30, 2017, the 300-meter, 7,024 TEU-capacity containership suffered a container stow collapse during a period of heavy pitching and hull vibration while on passage between Taipei, Taiwan and Los Angeles, U.S.
DFDS' Largest Ferry Named
Copenhagen-based DFDS named its newest -- and the Mediterranean's largest -- Ro-Ro ship in Turkey.The naming ceremony for 237-meter-long roll-on/roll-off (RoRo) newbuilding…
Xeneta says Long-term Container Shipping Rates to Rise Again
It’s been another bumper month for long-term contracted ocean freight rates, as the cost of securing container shipments climbed by 10.1% in June. Following on the heels of a record 30.1% hike in May, this now means rates stand 169.8% higher than this time last year, with just two months of declines in the last 18 months. Despite a degree of macro-economic uncertainty clouding the horizon, all major trades saw prices moving up…
Ukraine's Odessa Gets First WTI Oil Cargo from US
Ukraine's Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States, according to industry sources and shipping data…
UK to Account for 35% Offshore Wind in Europe
The UK will account for 35% of the growth in offshore wind over the next five years, followed by the Netherlands and Germany, said , according to WindEurope’s new…
HullPIC conference Showcases Solutions
To spur development and raise awareness for hull performance monitoring, DNV GL and paint manufacturer Jotun are inviting industry stakeholders to the second Hull…
Yacht Charter Market to Cross USD 50bln by 2020
Yacht charter market is set to grow at a compound annual growth rate (CAGR) of 6.5% through 2020, says Future Market Insights in its research report. Yacht charter…
Environmental Innovation Award to Volvo Penta
Volvo Penta´s marine drive system IPS has been awarded Best Innovation 2012 by the International Powerboat Association (UIM). The Inboard Performance System (IPS)…
Deepest Draft Ever Tankship Calls at POLB
BP's 'British Pride' made Port of Long Beach history as it came alongside with a draft of 65 ft. The Port says that the British Pride’s call exemplifies the its dedication to long-range strategies that will help it stay ahead of the maritime industry’s dynamic business needs. A recently completed $40 million dredging project allowed the supertanker and its sister ship, the British Progress, to deliver more product than ever to the Port’s Berth T121.
Gulf Navigation Records 19% Revenue Growth
Gulf Navigation Holding, the Dubai Financial Market listed maritime and shipping company, has announced a 19 per cent operating revenue growth by the end of Q3 of 2019…
China, ISA to Establish Deep Ocean Center
The Secretary-General of the International Seabed Authority (ISA) Mr. Michael W. Lodge signed a Memorandum of Understanding (MoU) to establish the first ever joint…
Stevedoring Company Fined for Dropping Excavator Overboard
A stevedoring company based in Tauranga, New Zealand has been ordered to pay a $90,000 fine and $20,000 in costs for safety failings that led to an excavator being dropped overboard from a logging ship in 2018.C3 Limited had previously pleaded guilty to a charge of breaching its duties under the Health and Safety at Work Act 2015 and was sentenced February 4 in the Wellington District Court.Maritime NZ’s central compliance manager…
Ship Design: Addressing the Elusive Issue of Comfort Onboard
In a world that brings pretty much anything to you at the press of an app, we are often asked why it is so difficult to assess comfort onboard a yacht.That the assessment of comfort onboard is not an easy task is also shown by the fact that there is no industry standard as yet. This problem has already been identified by the International Organization for Standardization and a new working group (ISO…
200th Anniversary Commemoration of Dual Victory
The crew of USS Constitution commemorated the bicentennial of Old Ironsides' final battle during the War of 1812, her unprecedented dual-victory over Royal Navy ships HMS Cyane and HMS Levant Feb.
Gulf of Mexico: HWCG, Helix Extend Fast Oil Spill Response Agreement
Helix Energy Solutions Group has entered into a new agreement for offshore oil spill response resources with HWCG, a consortium of deepwater oil and gas companies in the Gulf of Mexico who have come together with the shared goal of quickly responding to offshore oil spills.Under the agreement, HWCG’s members are given the opportunity to identify the Helix Fast Response System as a response resource in permit applications to U.S.
Aalund Named International Propeller Club's President
Niels Aalund was elected at the 93rd International Convention and Conference in New Orleans on October 17th.New Orleans, LA: Prominent maritime industry stakeholder Niels Aalund has been elected President of the International Propeller Club. Mr. Aalund will serve a two-year term, commencing from October 17th. Aalund, a well-known maritime subject matter expert and executive, currently serves as an Officer and as Senior Vice-President of the West Gulf Maritime Association (WGMA).
Finland-Norway Rail Link for Arctic Sea Route
A Finnish company said on Thursday it planned to develop a railway connection between north Finland and Norway's Kirkenes port to link with potential Arctic shipping…
Baltic Index Sees Best Day Ever—Again
The Baltic Exchange's main sea freight index marked its largest single-day percentage rise on Thursday, as capesize vessel segment rates jumped 50% on strong iron ore demand.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 281 points, or about 22.6%, to 1,527, its highest since Dec. 10.The Baltic capesize index jumped 1,217 points, or 49.6%, to 3,672, its highest since Sept.
Chinese Demand Lifts Baltic Index to Record Weekly Gain
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry commodities around the world, posted its biggest weekly gain ever, underpinned by a rebound in global commodities trading as iron ore demand from China picked up.The 35-year old index, which reflects rates for capesize, panamax and supramax ships, has now surged nearly 300% since tumbling to a low of 393 points…
Energy Saving Devices Counter Pitfalls of Green Fuels
Fleet performance solutions provider Oceanly warns that the green fuels push may lead to increased global emissions.The challenge with scaling green fuels is the high demand for renewable electricity, with current estimates suggesting that the shipping industry would need a substantial share of the world’s renewable electricity production, which is a target that seems unattainable in the short to medium term.Lerche-Tornoe…
