U.S.-Listed Shippers Buoyed by Globus Maritime's Earnings
Shares of U.S.-listed shippers rose after dry bulk shipper Globus Maritime Ltd posted its first Q3 profit per share in four years. GLBS jumped 10.20 pct, Pyxis Tankers Inc soared 39 pct, nd EuroDry Ltd up 13.2 pct. GLBS says Q3 profit was helped by reducing operational costs by ~25 pct from the last quarter which did not hamper operations, and/or utilization of the fleet.GLBS also posted higher Q3 revenue helped in part by strong demand for dry bulk vessels.
ROVs to Investigate Lost Shipping Containers
Remotely operated underwater vehicles (ROV) will be deployed to investigate containers lost from a cargo ship in heavy seas off Australia.The YM Efficiency, operated by Taiwan shipping company Yang Ming Marine Transport Corporation, was sailing from Taiwan to Sydney in early June when it lost dozens of containers overboard amid five-meter swells in the Tasman Sea, about 30 kilometers off Australia's east coast.The Australian Maritime Safety Authority (AMSA)ā¦
Fast Delivery of Beloe More to Siberian Harbor Before Winter
The Beloe More recently joined its sister vessel Severnaya Dvina in the Port of Sabetta, northern Russia. The 2,000 m3 hopper dredger was delivered from stock to FSUE ROSMORPORT. The customized hopper dredger will perform maintenance duties and execute capital dredging in the newly created harbor.The Beloe More - meaning āWhite Seaā in Russian - is not the first vessel Damen has delivered to ROSMORPORT.
Aoka Mizu FPSO Needs Extra Repairs
The floating production storage and offloading (FPSO) unit Aoka Mizu's planned stop in Algeciras, Spain will be extended for additional repair work, said U.K. based Hurricane Energy.The FPSO, which will be used at Hurricane's Early Production System development of the Lancaster field west of Shetland, is in Algeciras for planned personnel changes, bunkering and other commissioning activities. The stopover will be extended to repair an auxiliary system associated with power generationā¦
Austal Cyber Hack Probe May Take Years
Australia's chief cyber security chief said on Tuesday an investigation into the hacking of defense contractor Austal Ltd could take years, rejecting a local media report that his agency had concluded the attack originated from Iran.Austal said earlier this month hackers had breached its defenses to gain access to ship designs and that some staff email addresses and mobile phone numbers were accessed.The attack triggered an investigation by the Australian Cyber Security Centre (ACSC)ā¦
SeaBird Takes Delivery of Seismic Vessel from CGG
Norwegian seismic surveyor SeaBird Exploration said it had taken delivery of the Geowave Voyager from France's CGG, and the vessel has been renamed Eagle Explorer.Theā¦
Argus Adds New Marine Fuel Price Assessments
Oil price reporting agency Argus has launched five new price assessments for low-sulphur marine fuels, ahead of new global rules capping the amount of sulphur in marine fuels, also known as bunkers.International Maritime Organization (IMO) regulations will cut the limit for sulphur in bunker fuels globally from 3.5 percent to 0.5 percent from the start of 2020."Argus is pleased to be taking the leadā¦
Japan Takes South Korea to WTO Over Financial Support for Shipbuilders
Japan has launched a complaint at the World Trade Organization to contest allegedly illegal financial support given by South Korea to commercial shipbuilders, according to a WTO filing published on Tu
BY THE NUMBERS - Offshore Supply Vessels: Balanced Continued Pressure with Gradual Recovery
Global consulting firm AlixPartners, in a new paper entitled, āToo many ships, too few rigs: why recovery is still a distant dream for the OSV sector,ā warns thatā¦
Singapore Marine Fuel Sales at 5-month High
Singapore marine fuel sales in October climbed 3 percent on year to a five-month high of 4.125 million tonnes, according to data released by the Maritime and Port Authority of Singapore (MPA) on Tuesday.The latest sales volumes were 0.3 percent higher compared to September, it showed. The higher October sales volumes reflect a slight increase in the number of ships coming to Singapore for refuellingā¦
Capesize Fall Drags Down Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships ferrying dry bulk commodities, slipped for the eleventh straight session on Tuesday as the capesize index posted its biggest daily percentage fall in more than 10 months.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 61 points, or 5.4 percent, to 1,064 points.The capesize index plunged 17.5 percentā¦
Davie: CTMA Ferry Procurement dogged by Legal Proceedings
The Coopérative de transport maritime et aérienās (CTMA) procurement effort to purchase a ferry to replace the CTMA Vacancier and the CTMA Voyageur has been thrown into question by a court proceeding which alleges that the former governmentās support for the acquisition was tainted with serious procedural irregularities and must be suspended and, ultimately, declared invalid.Last May, the outgoingā¦
Norwegian Frigate Nearly Submerged After Collision
A Norwegian navy frigate that collided with an oil tanker last week was almost completely submerged on Tuesday despite efforts to salvage the sinking vessel, pictures taken by the Norwegian Coastal Administration showed.The ship's plight off the Norwegian coast is, however, not disrupting the nearby Sture crude oil export terminal. "We are in normal operations," said a spokeswoman for the plant's operatorā¦
AP Moeller Maersk Q3 EBITDA seen up 12 pct; Analysts Weigh In
AP Moeller Maersk third-quarter results are due on Wednesday, November 14th. The Q3 operating profit is forecast to be $371 million.A poll of forecasts for the Danish shipping group is emerging. Of the eight analysts who disclosed their recommendation on the AP MOELLERMAERSK stock, one answered Positive, six Neutral and one Negative. The following brokerages and investment banks participated in theā¦
Cruise Shipping: Sunstone Sells Victory Cruise Lines
SunStone Ships, Inc. sold Victory Cruise Lines to the American Queen Steamboat Company (AQSC). After rapidly expanding market share in the Great Lakes, French Canada, and St. Lawrence Seaway, Victory became the market leader in these regions. Having recently added the VICTORY II, afforded AQSC the opportunity to acquire the largest capacity in the region.AQSC will acquire the VICTORY I and VICTORY II cruise vesselsā¦
Leclanché, Kongsberg Join Forces for Green Ships Push
Nordic marine technology company Kongsberg Maritime has selected Swiss battery maker Leclanché, one of the worldās leading storage solutions companies, as its batteryā¦
HullWiper Expands into Gibraltar with SCAMP
HullWiper, the hull cleaning solution provider, in partnership with global provider of ship fuel conservation and underwater services SCAMP, is offering an affordableā¦
Saudi Aramco, ADNOC to Cooperate on LNG
The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal toā¦
Solstad Offshore Bags More Contracts in Brazil
Norwegian offshore service and supply ship shipping company Solstad Offshore has entered into a contract for the CSV Normand Pioneer (1999, CSV, 286t BP) with Queirozā¦
USP, CNCo Join to Research New-Generation Low-Carbon Ships
The University of the South Pacific (USP) and The China Navigation Company (CNCo), parent of Swire Shipping and Swire Bulk, have signed a Memorandum of Understandingā¦
