Baltic Index Continues to Sink
The Baltic Exchange's main sea freight index slid for a 12th straight session on Thursday, hitting a six-month low, as reduced seasonal demand dragged down vessel rates across segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 70 points, or 5.7%, to 1,151 — its lowest level since June 19.* The capesize index declined 127 points…
The Future of Maritime Navigation
It is 70 years since the launch of the first radar under the Decca brand and today’s Sperry Marine is marking the anniversary by looking to a future that would have been hard to imagine in 1949 – or even as little as 10 years ago.Yet the changes of the last decade will be eclipsed by the transformation in the decades to come, which will accelerate as the shipping industry embraces greater digitalization and moves towards an era of smart and connected operations.In the course of 70 years…
Navigating the Rough Waters of Marine Certification
The marine industry brings its own unique set of challenges.With the ‘All Subsea Factory’ market trend moving offshore exploration and production equipment for oil and gas to the seabed…
China 'in touch' with U.S. on Phase 1 Trade Deal
China and the United States are in touch over the signing of their Phase 1 trade deal, China's commerce ministry said, which will see lower U.S. tariffs on Chinese goods and higher Chinese purchases of U.S. farm, energy and manufactured goods.The Phase 1 deal was announced last week after more than two years of on-and-off trade talks, although neither side has released many specific details of the agreement.Both the Chinese and U.S.
$5B Fund Proposed for Emissions R&D
Shipping associations have proposed creating a research fund with $5 billion raised by the industry to develop technology to help the sector meet U.N. targets on cutting emissions.The global shipping fleet, which accounts for 2.2% of the world's CO2 emissions, is under pressure to reduce those emissions and other pollution. About 90% of world trade is transported by sea.International shipping associations…
Ørsted Offloads LNG Biz to Glencore
Global leader in offshore wind Ørsted A/S has signed an agreement to divest its liquefied natural gas (LNG) business to the leading global natural resources company…
Jan De Nul Completes Liepaja Port Dredging
Luxembourg-headquartered dredging and construction engineering company Jan De Nul Group completed the capital dredging works for the improvement of Liepaja Port…
Swire Shipping Extends South Pacific network
Swire Shipping, trading division of China Navigation Company, announced it will be entering a new vessel sharing partnership from New Zealand to Tonga, Samoa (Apia), Cook Islands and Fiji.
Capital Product Partners Acquires Boxship Trio
Capital Product Partners (CPLP), a Greek shipping company engaged in the seaborne transportation, has agreed to acquire three 10,000 TEU sister container ships for…
Eagle Bulk Adds Hong Kong Eagle to Fleet
Eagle Bulk Shipping (EBS), the US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, announced that is has taken…
MHI Vestas Installs 1st Turbine at Northwester 2
MHI Vestas Offshore Wind (MVOW) announced that the first turbine has been installed at Northwester 2 in Belgium, the world’s first offshore wind park to feature…
Ulstein Painting SOV Windea TBN
Norwegian shipbuilder and ship designer Ulstein is currently carrying out the paint work on Bernhard Schulte’s new service operation vessel (SOV), the 'Windea TBN'.The SOV…
MAN Okays Total Lubmarine's VLSFO Fuel
Total Lubmarine, part of Total Lubricants, has received a No Objection Letter (NOL) from leading engine manufacturer MAN Energy Solutions, for the use of Talusia…
INTERTANKO Releases Standardized Gas Form
The International Association of Independent Tanker Owners (INTERTANKO) has released updated Gas Form C forms for LPG and LNG with the intent on standardizing both…
LCS 19 Completes Acceptance Trials
Littoral Combat Ship (LCS) 19, the future USS St. Louis, has completed acceptance trials in Lake Michigan and will now undergo final outfitting and fine-tuning before delivery to the US Navy early next year.Christened and launched on December 15, 2018, LCS 19 was built by Marinette Marine in Marinette, Wis. The vessel is the seventh ship in naval service named after St. Louis, Mo. and the 10th Freedom…
Captain's MMC Suspended After Alcohol-related Grounding
A tugboat captain's Merchant Mariner Credential has been suspended after it was determined that he was operating his vessel under the influence of alcohol during…
Unified Command Plans for Fuel Removal from Grounded Vessel
The Unified Command discussed plans to remove diesel fuel from the fishing vessel Sea Angels at the Onslow County Emergency Operations Center, Tuesday. The fishing vessel Sea Angels ran aground near Browns Inlet, North Carolina on Dec. 9, 2019.The Unified Command has identified safety of personnel responding to the grounding and the protection of the environment as the top priorities for the on-going response efforts.
Baltic Index Approaches 6-month Low
The Baltic Exchange's main sea freight index declined for an 11th consecutive session on Wednesday, and nearly touched a six-month low, pressured by falling rates across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, slipped 60 points, or 4.7%, to 1,221, its lowest level since June 21.The capesize index fell 137 points, or 6.1%, to 2,103, its lowest level since June 20.
Tug Training & Consultancy, ADMA Sign MoU
Tug Training & Consultancy (TTC) and Abu Dhabi Maritime Academy (ADMA), signed a Memorandum of Understanding (MoU) to establish a long term strategic partnership. The MoU encompasses exclusive training of hundreds of (tug) masters and captains in the Middle East Region by certified trainers of TTC at ADMA’s state of the art facilities.Facing the increasing demand for qualified maritime professionals…
Campbell Transportation Names Buese President
Campbell Transportation Company is promoting Kyle Buese to the role of President, effective January 1, 2020, the Pittsburgh-based inland marine transportation and services company announced on Wednesday.Buese has been the Executive Vice President of Campbell Transportation for the past year. He will replace Mike Monahan who is retiring as President.Monahan, who is stepping down after eight years as Campbell President…
