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GulfMark Offshore Records its Highest Ever Q1 Revenue
He continued, "We came in just under the midpoint of our first-quarter revenue guidance, which resulted from slightly lower utilization than we originally anticipated, but overall, the average day rate increased during the quarter and we feel comfortable reaffirming our full-year revenue guidance of between $525 and $555 million. Consolidated revenue for the quarter increased 23% year-over-year, and we expect revenue will increase more than 10% in the second quarter…
Demand Shock Behind Global Bottlenecks Should Ease in Months -WTO
Global trade bottlenecks are more the result of demand spikes than supply chain snags, with pressure likely to ease in the coming months, the World Trade Organization's chief economist said on Monday.The WTO had thought in October that demand for goods would slow early in 2022. However, that was before the Omicron variant of coronavirus led to curbs on activity, including the postponement of the WTO's…
First B.Delta68 SUL Bulker Ordered
Deltamarin reported that its B.Delta family has scored further success as the Vulica Shipping Co. Ltd ordered the first ever B.Delta68 SUL (Self-Unloading) vessels.
Indian Cabinet Okays Shipping Pact with Jordan
The Union Cabinet of India has given its approval for signing of a shipping agreement between India and Jordan. The Union Cabinet was chaired by Prime Minister Narendra Modi.
Hanjin’s Subic Shipyard Wins Bid for Six Boxship
HANJIN Heavy Industries & Construction (HHIC)-Phil’s Subic Shipyard hit the jackpot bids. On April 20, the company said that it signed a deal to build six 11,000…
Thuraya Debuts Most Advanced Satellite Phone
Thuraya Telecommunications Company today launched the industry's most advanced satellite phone, the Thuraya XT-PRO. Targeted at professional users across a range…
Yemen Food Ships Face Mounting Delays
Merchant vessels are taking weeks to deliver vital food supplies to Yemen as Saudi-led coalition warships search for arms bound for Iran-allied Houthi fighters and…
Hamburg’s Seaborne Cargo Throughput Up in Q1
The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.3 percent) and container transport between the port and its hinterland at 602,000 TEU (up by 11.1 percent) were the strongest contributors to throughput growth. “We can be satisfied overall with the first-quarter trend in seaborne cargo throughput.
Ship Recycling Markets Face Varied Fundamentals
This week, various holidays concluded across the globe just as Indian sub-continent ship recycling markets started to perk up amidst fundamentals that have independently enjoyed varying degrees of volatility and resurgence over recent weeks, reports cash buyer GMS.“Steel plate prices in Bangladesh and Pakistan remained flatlined at respectively firm levels - the effects of which has only helped these…
ABS Withdraws Certification for Two Oil Tankers Over Iran Sanctions
Two tankers have had their environmental and safety classification withdrawn by a U.S. company that provides such certification, after accusations by a U.S. advocacy…
Feds Struggle to Address Supply Chain Capacity Issues
The Biden Administration’s struggles to alleviate supply chain capacity issues appear to be continuing with no end in sight. Part of the issue arises from the Administration’s limited focus on ports and another part arises from Congressional stalemates. Could the much-needed beltway leadership on these issues come in the form of the newly-tapped Maritime Administrator?Biden focuses on ports to address…
Delfin Plans Louisiana Floating LNG FID in 2022
U.S. liquefied natural gas (LNG) developer Delfin LNG said it plans to make a final investment decision (FID) to go forward with its Gulf of Mexico floating LNG export project off Louisiana in 2022."This is the best macro-environment that the LNG business has ever seen," Delfin Chief Executive Dudley Poston told Reuters this week, noting he was "very confident" the company would make FID this year.Delfin…
Tech Feature: Next-Generation Maritime Electrical Solutions Today
Asbjørn Halsebakke of Yaskawa Environmental Energy/The Switch discusses the application in maritime for the company’s new generation DC-Hub with its unique Electronic DC Breaker (EDCB) and Electronic Bus Link (EBL).Your company is starting to talk about its new generation DC-Hub. Can you give an overview of this product evolution with insight on what makes it unique?I think one of the key features with maritime products and with DC-Hub is that you need to think first about personal safety.
India Mulls Exclusive Ports for Coastal Shipping
Indian Government is planning to establish low-cost Non-Major Ports along coastline under the Sagarmala project in an effort to boost coastal shipping and reduce wait times.
Cosco's Ambitious $1.5Bln Megaship Plan
Chinese shipping behemoth Cosco Holdings has confirmed it will order 11 container megaships for $1.5 billion, despite an estimated 30 percent overcapacity in container…
China Rolls Out International Undersea Cable with ASEAN, Plans Information Harbor
China is building its first international undersea cable that will carry information and data flow between the country and the ASEAN nations, says Xinhuanet. Its…
APL’s Fluid Swivel Technology Certified by DNV
NOV’s APL group has received technology qualification program (TQP) certification from DNV for its largest swivel. The swivel TQP developed by APL is claimed to be a game-changer for fluid swivels for oil, gas, e-fuels, and CO2 transfer.The TQP was developed to meet the increasing demand for larger swivel designs that can withstand higher pressures and temperatures. Large swivel stacks are used for…
Harvey Gulf Operates First Carbon Neutral PSV
U.S. offshore vessel owner Harvey Gulf International Marine said it is the first in the world to operate a carbon-neutral platform supply vessel (PSV).The company announced on Monday that one of its tri-fuel vessels has started operating exclusively on battery power and renewable liquefied natural gas (RLNG), with diesel fuel as back up, moving the New Orleans-based firm a step closer to becoming the…
Scana Merges with PSW Group
Norwegian equipment and service supplier Scana ASA said it is merging with Bergen-based PSW Group, a player in electrification and shore power as well as a major supplier of products and services to the offshore and maritime industries. Together, the Norwegian companies aim to create a leading global service provider for maritime's green shift.“The entire maritime industry is in transition to more sustainable operations.
Navis Acquires Jade Logistics
Cargotec division Navis has signed an agreement to acquire the assets of New Zealand-based Jade Logistics.Jade Logistics provides Master terminal operating systems…
