Posidonia Rescheduled to October 2020
This morning it was announced that the Posidonia 2020 exhibition, scheduled from June 1-5, 2020 in Athens, Greece, has been rescheduled to October 26-30, 2020.
Total Makes 'Encouraging' North Sea Discovery
Total has made a hydrocarbon discovery at the Isabella exploration well in the UK Central North Sea, Neptune Energy, Total's partner in the project has informed.Neptune Energy has described Isabella as "an encouraging hydrocarbon discovery" which encountered hydrocarbons in Upper Jurassic and Triassic sandstone reservoirs, with 64 meters net pay encountered, consisting of lean gas and condensate and…
Deepwater Acreage to Attract Investments
Deepwater acreage will continue to attract significant company interest through 2020, said a report.According to GlobalData, a significant portion of the acreage…
Neptune Pacific Acquires Pacific Direct
Neptune Pacific Line, the provider of ocean freight services between Australia, New Zealand and Fiji, said that it has acquired Pacific Direct Line(PDL) from its…
San Felice Completes Retrofit Ahead of Schedule
SeaQuest Shipmanagement announced that a client’s handysize bulk carrier completed her second special survey, dry-dock and Ballast Water Treatment System (BWTS)…
Sovcomflot Updates Fleet Status
PAO Sovcomflot (SCF Group), a Russian maritime shipping company specializing in petroleum and LNG shipping, announced that it has taken delivery of four newbuildings…
NYK Intros World’s 1st Onboard Digital Currency
Japanese shipping giant NYK unveiled what it claims to be the world’s first onboard use of digital currency through the MarCoPay fintech platform, which is operated…
HHLA Estonia Names Riia Sillave New CEO
The container and multipurpose terminal HHLA TK Estonia, the subsidiary of Hamburger Hafen und Logistik AG (HHLA), said that Riia Sillave has taken over as the new…
New Vessel Delivered for Navimag Ferries
Navimag Ferries’ newest vessel, Esperanza, has been delivered.The 150-meter-long vessel can carry up to 274 passengers and has 1,800 vehicle lane meters. It will operate exclusively in Chile, sailing between Puerto Montt and Puerto Natales, and providing a transportation link with Chile's south, in addition to ferry cruising in the Patagonian fjords.The newbuild's propulsion system includes two Wärtsilä 20 main engines, two Wärtsilä controlled pitch propellers (CPP) and two Wärtsilä gearboxes.
Baltic Exchange Authorized as Benchmark Administrator in the EU
The Baltic Exchange’s subsidiary, Baltic Exchange Information Services Ltd (BEISL), has been authorized by the UK’s Financial Conduct Authority (FCA) as a benchmark administrator under EU Benchmark Regulation. This means that the Baltic Exchange’s daily dry bulk, tanker and gas freight indices are regulated by an EU National Competent Authority.“We are very pleased to have received authorization from the FCA,” commented Baltic Exchange Chief Executive Mark Jackson.
US Passenger Vessel Operators Seek Financial Assistance
U.S. passenger vessel operators suffering low ridership and large economic losses amid the COVID-19 pandemic are urging President Donald Trump to include the hard-hit sector in the administration's plans to provide economic assistance to American businesses that have experienced financial hardship due to the coronavirus outbreak.The Passenger Vessel Association (PVA), a trade group representing the domestic passenger vessel industry…
ABB Supporting Sustainable Arctic Shipping
High in the Arctic Circle lies the Northern Sea Route, one of the planet’s vital shipping arteries. It cuts a journey by almost a third compared to the southern route but it is passing through waters which are mostly frozen.The northern route connects east and west, allowing cargo to be transferred from northern Europe to northeast Asia, via the Bering Strait. It’s a 30% faster passage than the southern Europe-Asia alternative via the Suez Canal and is attractive to shipping companies…
Two Firms Vie for Submarine Batteries Contract
Contracts for the design of the Main Storage Batteries Stages 1 and 2 for the Attack Class submarines have been awarded. PMB Defence, based in Adelaide and Sunlight, based in Greece have been contracted to provide design, prototyping and qualification activities for the Main Storage Batteries. Both organizations will provide shipbuilder Naval Group with the data necessary to select one as the preferred…
Winter Work on the Great Lakes
Along the 1,600-mile, ice gray arch of the St Lawrence Seaway, the 2020 Great Lakes commercial shipping season will lurch back to life on March 25 when the Soo Locks at Sault Ste. Marie, Mich. reopen.The ceremonial opening signals a passage with passable ice and the 114th Great Lakes season for its fleet of 45 venerable lakers. Most of these huge self-loading freight haulers are at least 50 years old…
Baltic Index Hits 1-week Low on Sluggish Demand
The Baltic Exchange's main sea freight index fell to a one-week low on Monday, hurt by weaker rates for panamax vessels, which outweighed an uptick in demand for the capesize and supramax segments.The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 8 points, or 1.3%, to 623, marking its biggest daily fall since Feb. 7 and its lowest level since March 9.The panamax index shed 37 points…
USCG Medevacs Injured Fisherman
The U.S. Coast Guard medevaced an injured fisherman Saturday from a boat 170 miles southwest of Kodiak Island, Alaska.A Coast Guard helicopter crew from Air Station Kodiak hoisted the 49-year-old man from the 58-foot fishing vessel Alaskan Dream at approximately 1:15 p.m. He was transported to Air Station Kodiak and placed in the care of awaiting local EMS.Watchstanders in the Coast Guard 17th District command center in Juneau received the initial call from the Alaskan Dream at about 9 a.m.…
Libya's NOC says Jet Fuel Illegally Shipped to East
A shipment of jet fuel was shipped to eastern Libya recently in violation of United Nations sanctions and other international agreements, Libya's National Oil Company…
Lee Named GNS Chief Executive
Maritime services group Global Navigation Solutions (GNS) has appointed Kent Lee as Chief Executive Officer with effect from January 15, 2020. Kent’s appointment follows the acquisition of GNS by the Cornes Group in November 2019. He succeeds Paul Stanley, who led GNS from 2014 until its acquisition by Cornes.During the last 25 years, Kent has held a number of senior executive positions in the information technology industry with wide international exposure.
Stena Line Announces Job Cuts Due to COVID-19
The coronavirus pandemic has taken its toll on Swdish ferry company Stena Line, who announced Monday that it will cut 950 jobs due to a sharp decline in passenger travel bookings as a result of the outbreak.Stena Line said the coronavirus (COVID-19) outbreak and subsequent travel restrictions imposed by several countries have weighed heavily on bookings, with passenger traffic to Sweden, Denmark, Poland, Germany and Latvia mostly halted.
China Steel Futures Rise on Demand Optimism
Chinese steel futures hit their highest in nearly two months on Monday on signs of a recovery in demand, and as policymakers worldwide rolled out more stimulus measures to cushion global economies reeling from the coronavirus pandemic.The U.S. Federal Reserve cut interest rates by 100 basis points on Sunday, in line with a global policy effort to stave off a steep economic downturn as increasing lockdowns…
