Maritime Industry Top News
Panama Canal Reports Record FY 2019 Tonnage
The Panama Canal has closed the 2019 fiscal year (FY19) with a record tonnage of 469 million Panama Canal tons (PC/UMS), a 6.2 percent increase compared to FY2018.With this figure, the waterway exceeds the 450.7 million PC/UMS tons projection for FY2019, as well as the record tonnage of 442 million PC/UMS tons registered in the previous fiscal year. These record-setting results reflect the Canal workforce's commitment to efficiency and ongoing investments in infrastructure…
Interview: Davide Breviglieri, CEO of Azimut Yachts do Brasil
With 50 years of history, the Azimut | Benetti Group is recognized as the world’s largest motor yacht builder (global orderbook 2019). For nearly 10 years Azimut…
BIMCO: Shipping Hurt by Soya Bean Trades
Combined soya bean exports from Brazil and the US are down 7.8% in the first eight months of this year, as the main Brazilian soya bean export season disappointed. The fall in volumes from the two countries has also led to an 8.5% drop from last year in the tonne mile demand generated by the two dominant soya bean exporters.In particular falling exports from Brazil have hurt the shipping industry,…
Cargill, Maersk & Mitsui to Collaborate on Emissions
Cargill, Maersk Tankers and Mitsui & Co. have established a strategic collaboration to accelerate the reduction of global greenhouse gases (GHGs) within shipping. All three parties recognize the urgency required to tackle the global issue of climate change and are continually driving progress in their respective lines of business. Today, they are joining forces to accelerate these efforts and propel the maritime industry towards a more sustainable future.Together…
Kongsberg, MAN Energy Solutions Sign MOU
Kongsberg and MAN Energy Solutions have signed a Memorandum of Understanding with the purpose of exploring the potential for collaboration on a common data infrastructure for the maritime sector.The collaboration will broaden the value offering to vessel operators, improve return on investment in digital solutions and increase the adoption of secure connectivity.Under the MoU, MAN Energy Solutions is set to investigate the possibility of using Kongsberg Digital’s data-infrastructure solution…
Sanctioned Vessel Finally Departs American Samoa
Following a five-month stay in the port of Pago Pago, American Samoa, the 580-foot motor vessel Wise Honest, a 17,061-ton, single-hull bulk carrier ship connected to U.S.
Shock Mitigation: Size Matters
When it comes to shock-mitigation, bigger is truly better.Let’s consider a thought experiment: You must take the wheel of one of two cars speeding along straight tracks with no exits. Both cars are traveling at 100 km/hour, but the first is 100 meters from a brick wall while the second is only 10 meters from an identical wall. There is nothing to do but decelerate before the crash, and assuming your decision is guided by self-preservation the choice is obvious. Why?
Bourbon Receives Takeover Offer
French marine services group Bourbon Corporation, which has been in a court restructuring process after its business was impacted by volatile energy markets, said it had received a takeover offer for its assets."As part of the reorganization proceedings opened since August 7, 2019 by the Marseilles Commercial Court to the benefit of Bourbon Corporation and its affiliate Bourbon Maritime, Court Administrators have received a takeover offer," Bourbon said in a statement on Wednesday."This offer -
COSCO Tankers Disable AIS as Sanctions Bite
About one-third of the oil tankers owned by COSCO Shipping Tanker (Dalian) have shut off their ship-tracking transponders since the United States imposed sanctions on the company for allegedly shipping Iranian crude, shipping data showed.From Sept. 30 to Oct. 7, a total of 14 COSCO Dalian ships, six of which carry some oil, stopped sending location data from their automatic identification system (AIS), ship tracking data on Refinitiv Eikon showed. The U.S. imposed the sanctions on Sept.
U.S. Calls on EU to Condemn Iran over Tanker
U.S. Secretary of State Mike Pompeo on Wednesday called on the European Union to condemn Iran and hold Tehran accountable after he said oil from Iranian tanker Adrian…
Austal, Cerberus Mull JV on Hanjin's Philippine Yard
Australian shipbuilder Austal Ltd and U.S. private equity firm are considering a joint bid for a strategically located but debt-laden Philippine shipyard, the facility's trustee said on Wednesday.Hanjin Philippines, a unit of South Korea's Hanjin Heavy Industries & Construction Co Ltd, in January defaulted on $1.3 billion in loans, of which $900 million is owed to South Korean banks and the rest to five Philippine lenders.Austal and Cerberus are interested in the distressed shipyard…
UK-bound Trucks at Risk after Brexit - DTA
Almost a third of companies who ship goods to Britain through the Netherlands have failed to complete the necessary paperwork for their trucks to embark on ferries after Brexit, the Dutch transport association TLN said on Wednesday."The registration is absolutely necessary, without it trucks will be sent away at terminals after Brexit," TLN spokesman Elmer de Bruin said.The Netherlands is home to Europe's largest seaport in Rotterdam…
SSE Picks Montrose for Seagreen O&M
Dublin-based SSE Renewables, a renewable energy subsidiary of Airtricity, has selected the port of Montrose on the east coast of Scotland to serve as the operations…
Wärtsilä Wins Order for LNG Bunkering Simulator
Finnish technology group Wärtsilä will supply an LNG bunkering vessel simulator to Kasi Group (Malaysia), a leading provider of integrated marine solutions. The…
Turku Completes Ship Recycling Project
The Ship Recycling project at the Turku Repair Yard in Naantali in Finland has been completed.In the three-year project, funded by Tekes, six vessels were dismantled…
Belships Offloads Supramax Bulk Carrier
Norwegian shipping company Belships has entered into an agreement for a bareboat charter and subsequent sale of its 50,000 dwt Supramax bulk carrier Beleast.According…
Keel Laid for National Geographic Resolution
Lindblad Expeditions Holdings, a global provider of expedition cruises and adventure travel experiences, and Norwegian shipbuilder and ship designer Ulstein Group…
China Launches Unmanned Ship Design Center
China has built its first research and development test base for autonomous ships in the southern coastal city of Zhuhai next to Macao, state-owned newspaper Economic…
SHI to Build Six Giant Box Ships for Evergreen
South Korean shipbuilding giant Samsung Heavy Industries (SHI) has signed shipbuilding deals for Taiwanese shipping line Evergreen’s latest ultra-large containerships…
Update on Bourbon Rhode SAR Operations
Following reports by two seafarers onboard the Alp Striker during the night of Sunday to Monday, of signals that they interpreted as potentially emanating from a distress flare…
