Höegh Xiamen Declared 'Total Loss' After Jacksonville Fire
Höegh Xiamen car carrier has been declared "a constructive total loss" following a fire that broke out on the vessel in early June in Jacksonville, USA.The Höegh Xiamen car carrier is owned by Ocean Yield and is on a bareboat contract to Höegh Autoliners. The fire broke out on June 4, shortly after the vessel had completed loading operations at Blount Island, Jacksonville, Florida. It was extinguished late on June 12.During the initial responseā¦
Baltic Index Posts 7th Straight Weekly Gain
The Baltic Exchange's main sea freight index rose to register a seventh straight weekly gain on Friday, as demand gained steam across all vessel segments.The Baltic dry index, which tracks rates for ships ferrying dry bulk commodities and reflects rates for capesize, panamax and supramax vessels, rose 71 points, or 3.9%, to 1,894, climbing to its highest since mid-October 2019 and rising 8.3% for the week.Easing virus-led lockdowns in China have boosted demand for iron-oreā¦
Fred. Olsen Windcarrier Picks Jack-Up for 1600t Huisman Crane
Offshore wind turbine installation company Fred. Olsen Windcarrier back in March said it had struck a deal to equip one of its jack-up installation vessels with a 1600t crane for next-gen offshore wind turbines. While the company at the time did not say which vessel exactly would sport the new crane, it Friday revealed that the jack-up unit picked is the Brave Tern. "We can now announce that the new crane will be installed on Brave Tern!
Djibouti Ramps Up Efforts to Get Sailors Stranded by COVID-19 off Ships
Djibouti has carried out the first crew change of merchant sailors in its territory and is ready to get home more seafarers who have been stranded by the coronavirus, a senior port official said.Lying on the Bab al-Mandab strait, which is one of the world's busiest shipping chokepoints, Djibouti is a critical transit hub. More than 2,500 ships transit and call at its ports annually.Continued complicationsā¦
Marine Fuel Market Facing Tougher Q3 as Supply Rises
Global supply of fuel oil, used by ships and power plants, is expected to grow in the third quarter, depressing the marine fuel market as shipping demand remains weak, analysts and trade sources said.Third-quarter supply is estimated to rise by 620,000 barrels per day (bpd) from the second quarter as China and Brazil increase production, according to consultancy Energy Aspects.This comes as inventories across key marine refueling hubs recently reached all-time highs, depressing bunker fuel price
Chilean Navy Sailors Make New Friend after Rescuing Dog from Frigid Waters
Chilean Navy sailors made a new best friend this week when they pulled a dog from the country's frigid coastal waters.The sailors spotted the struggling dog about a mile offshore from the bridge of their ship and sent out a Zodiac raft to pull the pooch from the cold waters of Talcahuano Bay to safety."Yesterday, we were returning to our port base in Talcahuano after a mission to relieve marine infantry that were supporting the health quarantine in the Chiloe areaā¦
Dryad: Heavily Armed Men Attack Cargo Ship off Benin. Kidnap 5 Crew Members
The maritime security intelligence group Dryad has reported that general cargo vessel KOTA BUDI was boarded by heavily armed men resulting in the kidnap of 5 crew."Theā¦
