ABS to Class Largest TYPE-B VLECs
A Pair of 99,000cbm VLECs Now Under ConstructionTwo of the largest VLECs ever ordered are now under construction to ABS class at Jiangnan Shipyard following a successful…
Fitzgerald to Rejoin Crowley as COO
Crowley Maritime Corp. announced today that Ray Fitzgerald, who began his career with Crowley and most recently served as president and chief operating officer of Wallenius Wilhelmsen Solutions, and chairman of American Roll-on Roll-off Carrier (ARC), will rejoin the company March 1 as chief operating officer reporting to Tom Crowley, company chairman and CEO. He will be based at the company’s headquarters in Jacksonville…
Hamburg Süd Invests in the Mediterranean
Hamburg Süd is now exclusively represented by its own offices in Italy and Spain after business was previously partially handled by agents and joint-venture organizations. Furthermore, in Egypt the company has taken full management of Hamburg Süd Egypt.“We are thereby investing in the Mediterranean markets that have traditionally been of strategic importance to Hamburg Süd,” says Poul Hestbaek, General Manager of Hamburg Süd’s Region Europe.
NWSA January Container Volumes Drop
The Northwest Seaport Alliance’s total container volume for January 2020 was 263,816 twenty-foot equivalent units (TEUs), a 19.1% decrease from January 2019.Following an unprecedented international container throughput for the same month last year — tied to shippers moving cargo ahead of tariffs, it created a larger than usual gap in the year-over-year figures for January 2020. Imports fell 21.4%,…
Radio Holland Renews MSA with Jumbo
Jumbo Shipping has renewed its MSA (Managed Service Agreement) contracts with Radio Holland,The renewal of the MSA contracts concerns four vessels and has been established for the next four years.Jumbo renewed the MSA contracts with Radio Holland to minimize the hassle of managing multiple suppliers by outsourcing all NavCom service work to Radio Holland technicians, Radio Holland said. Where the previous contracts focused mainly on radar and gyro equipment…
Baltic Index Gains for Fifth Session
The Baltic Exchange's main sea freight index rose for the fifth straight session on Thursday, supported by an uptick in demand across all vessel segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, rose 15 points, or 3.2%, to 480.The capesize index gained for a third straight session, up 9 points but still at -232."The worst may just about be over for the big ships…
Shipping Industry Faces $370 mln Hit From New Panama Canal Charge
A new "freshwater" charge that came in this month to help the Panama Canal cope with climate change will cost the shipping industry up to $370 million a year, marking another blow for maritime companies already hit by fallout from the coronavirus.The Panama Canal, one of world's busiest shipping routes, which handled nearly 14,000 transits last year, said last month it would introduce a charge from Feb.
Finland Accedes to Cape Town Agreement
Finland has become the latest State to become Party to the Cape Town Agreement on fishing vessel safety, said International Maritime Organization (IMO).The Agreement…
First Subsea Guards NnG OWF
First Subsea, part of the First Tech Group based in Aberdeen, has won the inter-array cables protection contract from DEME at the Neart na Gaoithe (NnG) offshore…
EDS Wraps Up Horns Rev 3 Work
UK high voltage engineering specialist EDS HV Group has completed consultancy work at Vattenfall's 407MW Horns Rev 3 (HR3) wind farm off Denmark.Vattenfall’s Horns Rev 3…
Denmark Needs More Women at Sea
Danish Shipping is focusing on enhanced participation of women in shipping and has introduced many initiatives that have been launched to increase the number of…
Alphabet Winds Down Makani
Alphabet, Google's parent company, announced that it is calling it quits on its efforts to build and monetize its Makani wind energy kites.Google acquired Makani…
LNG Storage Tank Market to Reach $17.5Bn by 2025
LNG storage tank market is expected to grow from USD 12.5 billion in 2020 to USD 17.5 billion by 2025, at a CAGR of 7.0%, during the forecast period.The major factors…
Elengy Acquires Fosmax LNG
Elengy, a subsidiary of French energy group Engie, has acquired French energy group Total's 27.5% stake in Fosmax LNG, owner of the liquefied natural gas (LNG) terminal…
Excelerate to Manage FSRUs In-house
Houston-based Excelerate Energy’s unit, Excelerate Technical Management (ETM) has been authorized to operate as ship manager for its parent company’s entire fleet…
Ingeteam Tech for Wallenius LNG Vessel
Electric power conversion specialist Ingeteam has signed the contract with Yantai CIMC Raffles Offshore (China) for Swedish Wallenius SOL’s LNG-powered newbuilds.The…
IMO Spotlight on Empowering Maritime Women
International Maritime Organization (IMO) headquarters in London has hosted yesterday 19 (February 19) a a major symposium on empowering maritime women.Removing…
COVID-19 Could Impact Indian Shipping
India’s shipping and ports industry is likely to be negatively impacted by the outbreak of coronavirus (COVID-19) across China and South-East Asia, according to…
In 2020 Boat Operators can Collide or Engage with the Future
UPDATE [April 23]: This event has been rescheduled due to the coronavirus pandemic. It will be held October 6, 2020. More information is available here.Devices, apps and digital are coming fast at sea. As simple and cost effective technology solutions become available for boats, the NEXT GEN Shock Mitigation Workshop brings decision makers together to highlight the burning issues today and identify…
Russian Exports to China Fall Amid Coronavirus Outbreak
Russia's export volumes to China fell by more than a quarter in the first 1-1/2 months of 2020 as China grappled with the coronavirus epidemic, Russia's Izvestia…
