Mammoet SPMTs Cantilevered
Dutch company specialized in engineered heavy lifting and transport Mammoet said that its crews have successfully set 108 total shoulder spans on the southbound…
Container Volumes Growth Sluggish
With fleet growth of 3.7%, compared to global container shipping demand growth of only 1%, even blanked sailings have been unable to lift freight rates, says BIMCO.According…
Container Contract Rates Rise in November
The ongoing trend of downward pressure on long-term contracted ocean freight rates appears to have been broken, or at least temporarily derailed, with marginal increases…
Maersk Layoffs Imminent
Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.The company said it did not know yet how many jobs would go.(Reporting by Nikolaj Skydsgaard and Jacob Gronholt-Pedersen; Editing by Edmund Blair)
Turkey Inks Maritime Boundaries Deal with Libya
Libya's internationally recognized government and Turkey have signed an agreement on maritime boundaries in the Mediterranean Sea that could complicate Ankara's disputes over energy exploration with other countries.Turkey, which announced the accord and a deal on expanded security and military cooperation on Thursday, gave no details of their memorandum of understanding and did not specify where Turkish…
Rolls-Royce Inks Tug Deal with Svitzer
Rolls-Royce has signed a 10-year service agreement with the global towage and marine services operator Svitzer covering spare parts deliveries in six countries…
Petronas Names Second FLNG in S. Korea
Malaysian oil and gas company Petronas named its second floating liquefied natural gas (LNG) facility, the PFLNG Dua, in a ceremony in Geoje, South Korea.The floating…
Indian Charters for CSV Southern Ocean
The construction support vessel (CSV) Southern Ocean, owned by a joint venture between Bourbon Offshore Norway and Oceanteam, has bagged two charters from an undisclosed…
Corvus ESS to Power World's 1st Hybrid SES
The Norwegian-Canadian designer and manufacturer of energy storage solutions for marine propulsion Corvus Energy announced that it has signed a contract with SEC Marine Ltd…
Orsted Raises $660m Green Finance
Denmark-based energy giant successfully issued green hybrid capital securities for €600m ($660m) to refinance existing securities issued in 2015.The latest issue…
Nigeria Ports in Pact with Port of Antwerp
The Antwerp port community and its various partners are currently on a trade mission to West-Africa, including Benin and Nigeria.A collaboration agreement was signed…
CMA CGM to Raise $2bn Via Selling Terminal, Ships
French container shipping giant CMA CGM plans to sell selected port terminals, ships and other assets to raise roughly $2 billion to finance its acquisition of CEVA Logistics…
Training for L. American Maritime Leaders
A regional workshop organized by International Maritime Organization (IMO) has provided senior maritime administration officials in Latin America with the latest…
Viet Nam Readies for Oil Spill Contingency
Work is underway to further develop Viet Nam’s national oil spill contingency plan at a workshop in Ho Chi Minh City, Viet Nam, this week (26-29 November).Forty…
Huge Potential for Asian Offshore Wind
Offshore wind industry is set to gain a foothold in new markets in the next five years, with the Asian markets playing a significant role.China has significant ambition…
Joseph Angelo Awarded Global Maritime Prize
The prestigious International Maritime Prize for 2018 has been presented to Joseph J. Angelo, a former United States Coast Guard (USCG) and International Association…
DOMESTIC DREDGING: U.S. Ports Require a Diverse Fleet
The reasons for that are many and these realities cater to regulatory, commercial and regional needs.The U.S. dredging market is complex and relies on the diverse fleet of private dredging companies to get the job done. In addition to design and technical capabilities, environmental restrictions and regulations often dictate whether a trailing suction hopper dredge, cutter suction dredge, or mechanical dredge can respond to the coastal protection…
U.S. Assures Banks on COSCO Shipping Sanction Rules
The Trump administration assured U.S. banks on Wednesday that they can temporarily process U.S. dollar transactions on Chinese shipping companies it had previously sanctioned for allegedly transporting oil from Iran, in a move meant to blunt the impact of the sanctions on global shipping markets.The administration slapped sanctions on Sept 25 on Dalian units of Chinese shipping company COSCO, a move that pushed global freight costs to record highs.
SCHOTTEL Propels World’s Largest LFC
SCHOTTEL has been awarded orders in the Norwegian fishery segment. Sefine Shipyard in Turkey has won the contract to build the largest live fish carrier in the world. Ordered by the Norwegian company Frøy Rederi, the Møre Maritime-designed vessel will provide space for 7,500 cubic meters of water in fishing tanks.The 83.20-meter-long and 30.90-meter-wide LFC is powered by an advanced diesel-electric propulsion system.
Stronger Demand Bolsters Baltic Index
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, inched up on Wednesday, helped by stronger demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels, rose 14 points, or nearly 1%, to 1,440 points, after registering its biggest one-day percentage gain in four-and-a-half months on Tuesday.
