MarineLink News Search
Search term • "Ever Given"
Create an email alert for "Ever Given"
Low-sulphur Fuel Oil Prices Drop
Prices for very low sulphur fuel oil (VLSFO) in ports around the world have fallen within the first month since the International Maritime Organization's (IMO) new regulation for a 0.50% global sulphur cap for marine fuels has taken effect.Singapore has seen one of the largest drops in the price of VLSFO, which peaked on January 7, 2020 at $740 per metric ton (MT) and dropped $99 to $641 per MT on January 22…
US Turns Screws on Maritime Industry to Cut off Venezuela's Oil
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country.U.S. sanctions have driven Venezuela’s oil exports to their lowest levels in nearly 80 years, starving President Nicolas Maduro’s socialist government of its…
USMI’s Family Recipe
Barry Dreyfus Jr., CEO of United States Marine Inc. (USMI), doesn’t keep the recipe to his company’s success a secret. In fact, it’s displayed plainly for all to see on the homepage of USMI’s website: family, integrity and quality. These have been cornerstones of the 36-year-old firm, today regarded as one of the nation’s premier military small craft builders.Headquartered in Gulfport, Miss., with a maintenance/repair facility in Chesapeake…
MariLight Project Aims to 'Clean Up' Maritime Manufacturing
Malin Marine Consultants were awarded support through the Clean Maritime Demonstration Competition (CMDC) for its MariLight project, a project that seeks to develop new processes for building marine components using Large Scale Additive Manufacturing (LSAM) technology.The project aims to provide the industry with a clear route to using LSAM for certified and approved component fabrication, moving from conventional…
Shipshape: Simplifying Boat Control and Improving Maneuverability
Any competition requires skill — but when the stakes are high and seas are rough, the right technology can set contenders apart. On the popular National Geographic reality series "Wicked Tuna" and its spinoff, "Wicked Tuna: Outer Banks," commercial fishing crews compete to reel in elusive bluefin tuna. To brave North Atlantic waters off the coast of Gloucester, where the series is set, and bring in fish that are several hundred pounds…
Samson Rope’s Training Materials Now Available on OTG’s Platform
Samson and Ocean Technologies Group (OTG), a global learning and operational technology company serving the maritime industry, have agreed to collaborate to provide seafarers with on-demand access to Samson’s comprehensive set of online courses in rope handling, inspection, fabrication, and installation.The courses will be available on OTG’s Ocean Learning Platform, which was specially created to deliver blended learning…
Asia Demand to Drive Cheniere's LNG Shipments this Year
Cheniere Energy expects to ship more liquefied natural gas (LNG) to Asia this year, after European customers took the lion's share of its 2022 cargoes, an official said on Monday.The top U.S. exporter of LNG shipped a total of 638 cargoes last year, with slightly over 70% delivered to Europe, Chief Operating Officer Corey Grindal said at the CERAWeek energy conference.Cheniere last year gave the financial go ahead for an expansion of its Corpus Christi…
Debunking Four Myths that Stand in the Way of Wind-powered Cargo Ships
Sailing cargo ships are making a genuine comeback.Japanese bulk carrier MOL is operating a wind-assisted ship. American food giant Cargill is working with Olympic sailor Ben Ainslie to deploy WindWings on its routes. Swedish shipping company Wallenius is aiming for Oceanbird to cut emissions by up to 90%. The French start-up Zephyr & Borée has built the Canopée, which will transport parts of European…
Containership Rescues Migrants from Capsized Boat
A containership rescued 11 migrants from a capsized boat approximately 20 nautical miles northwest of Mona Island, Puerto Rico, the U.S. Coast Guard said.The survivors…
HMM Orders Twelve 13,000 TEU Container Ships from DSME, HHI
South Korean shipping company HMM has ordered twelve new 13,000 TEU container ships, from its compatriot shipbuilders Daewoo Shipbuilding & Marine Engineering (DSME) and Hyundai Heavy Industries (HHI). HMM will pay a total of $1.57 billion.Under the agreement, DSME and HHI will build six vessels each The vessels are scheduled for delivery in the first half of 2024. All ships will be installed with hybrid scrubbers and designed to be LNG-ready.An HMM official said…
Covid-19: Boskalis Stops Crew Changes, Cuts Spending
Dutch offshore transportation and dredging giant Boskalis has halted crew changes and will slash spending this year due to the COVID-19 virus crisis, it said on Thursday.The company said that, while its workers work from home where possible, this is not an option for staff working on international projects and vessels."Therefore, as a consequence of global travel restrictions and to ensure the business continuity and health of our colleagues…
Brazil's Slow Soybean Harvest Widens US Export Window
Harvesting delays in Brazil, the world’s top soybean producer, are prompting buyers led by China to rely on rival exporter the United States for longer than usual in 2021, according to government data and traders.Sustained demand for U.S. soybeans is accelerating an historic drawdown of U.S. supplies of the oilseed and could further drive up soybean prices at a time of rising food inflation as countries…
Inside Taiwan's Brutal Navy Frogman Bootcamp
A chill wind whips across the Taiwan Strait as a small group of Taiwanese marines stands shivering on a remote dock in the early hours of the morning, their shorts and thin jackets drenched after a day spent mostly in the sea.“Are you a sleeping beauty? Are you skipping out on class?” a trainer shouts at the wiry men, who have barely slept in days, as they do sit-ups and other exercises on the rough concrete floor…
Exmar Orders Ammonia-Powered Midsize Gas Carriers
Exmar LPG has ordered two ammonia-powered Midsize Gas Carriers (MGCs) from Hyundai Mipo Dockyard in South Korea.According to the company, a joint venture between EXMAR and Seapeak, the ships will be the first-ever oceangoing vessels to be propelled by dual-fuel ammonia engines, allowing for close to zero emissions trading when using ammonia. The engines will be delivered by Swiss marine power company WINGD…
Tech Talk: Wallenius Wilhelmsen Puts Hull Grooming to the Test
Even as shipowners enjoy record low bunker fuel pricing, the search for hull cleaning and fuel-saving optimization continues. Jotun, which recently launched 'hull skater' hull grooming, found a willing partner in Wallenius Wilhelmsen -- an operator of a fleet of 126 RoRo vessels, 11 marine terminals and 71 processing centers globally -- to put the hull skater to the test.For the past decade, Wallenius Wilhelmsen has produced an annual Sustainability Report…
Trafigura Offers COVID-19 Premium
Commodities trader Trafigura Beheer has become the first company to offer a defined Covid premium on an Asian syndicated loan, paying up to an extra 20bp all-in on its latest US$1bn-equivalent financing.The novel pricing structure is a first for Asia, if not globally, and could set a precedent for other price-sensitive borrowers looking to limit the long-term effects of the pandemic on their funding costs.Without the Covid premiums…
WinGD’s Dual-fuel 12X92DF Engine Gains BV Type Approval
The biggest and most powerful liquefied natural gas (LNG)-fueled engine ever built has received type approval from classification society Bureau Veritas (BV), Switzerland-based engine manufacturer Winterthur Gas & Diesel (WinGD) said on Wednesday.BV awarded the approval for WinGD’s dual-fueled 12X92DF engines, the first series of which is currently being built by China State Shipbuilding Corp (CSSC)…
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.
Shipping Not Immune to a Pandemic -BIMCO
The World Health Organization (WHO) has declared the outbreak of the novel coronavirus a pandemic. There is little doubt that this will have significant implications for the shipping industry. But to what extent? BIMCO expects that the strict containment measures imposed by governments around the world will result in substantially lower global economic growth and consequentially, lower demand for shipping.
Valaris Gears up for Possible Debt Restructuring
Offshore oil driller Valaris PLC is exploring debt restructuring options as it grapples with a rig accident and a broader collapse in energy prices, people familiar with the matter said on Friday.Valaris has tapped debt restructuring attorneys at law firm Kirkland & Ellis LLP for advice on ways to rework its roughly $6.5 billion debt pile, and is exploring enlisting a turnaround firm that specializes in urgently addressing stressed finances to bolster its roster of advisers…
