UHL Taps COACH Solutions for Fleet Performance Monitoring
Heavy lift, breakbulk and project cargo shipping company United Heavy Lift GmbH (UHL) has signed up with Kongsberg Digital’s vessel performance monitoring and optimization service, COACH Solutions, to continue its increased focus on digitalization and reduce their environmental footprint.“We can monitor the actual performance of our vessels in our fleet with one, easy to implement, smart tool helping us decrease emissions and our environmental footprint.
Car Carrier Prices Are Hot and Getting Hotter
Newbuild spend for vehicle carriers, including large car and truck carriers (LCTC), pure car and truck carriers (PCTC) and pure car carriers (PCC), smashed past $3.2 billion last week…
Orders for LNG-fueled Ships Are on the Rise
This year is shaping up to be a banner year for new liquefied natural gas (LNG) dual-fuel vessel construction contracts, with nearly 30% of the gross tonnage ordered in 2021 comprised of LNG-fueled vessels, according to the latest report from Clarksons.The trend is expected to continue as major deep-sea sectors of the maritime industry are embracing LNG in efforts to reduce both local and global emissions, said industry coalition SEA-LNG.
Panama Remains Top Flag State for Bulker Carriers
The Panama Ship Registry is the largest in the world since 1993. This year, most of the vessels that entered the Panamanian registry were bulk carrier vessels. Panama-flagged bulk carriers represent 22% of the world´s bulk carrier fleet, with 2,725 vessels and 112.1 million gross tons (GT), according to Clarksons Research.Between January and August 2021, Panama has incorporated 218 newly-built ships to its fleet…
Ingram Re-christens Four Towboats
Ingram Marine Group held a re-christening ceremony on August 30 for four towboats that are part of its inland waterways fleet."At Ingram, we name our vessels after Ingram associates and affiliates who have made a huge difference to our business, which makes these events an incredibly special time for all of us," said Orrin Ingram, Chairman of Ingram Barge Company and CEO of Ingram Industries. "I thank…
Australia’s New Icebreaker Begins Journey Home
Australia’s new icebreaker, RSV Nuyina, has begun its 24,000-kilometer voyage from the Netherlands to its new home port of Hobart. The vessel will be the main lifeline to Australia’s Antarctic and sub-Antarctic research stations and the central platform of the Australian Antarctic Division's Antarctic and Southern Ocean scientific research.Construction of the ship commenced at Damen’s Galați shipyard in Romania in May 2017…
Mackay Marine Selected as Iridium GMDSS Global Service Provider Partner
Global marine electronics and satellite communications provider, Mackay Communications, Inc., dba Mackay Marine, announced it has joined the select cadre of worldwide Iridium GMDSS Service Providers for Iridium’s new Global Maritime Distress and Safety System (GMDSS) service. Mackay is similarly a global partner with Lars Thrane A/S, the first, and currently the only manufacturer of an IMO-certified Iridium GMDSS terminal…
Boluda Towage Starts Operations in Rostock
With effect from September 2021, Boluda Towage commenced towage activities in the port of Rostock, Germany, as the company continues to expand in Northwest Europe and at the Baltic Sea region.To start, Boluda Towage will operate a fleet of two powerful tugs at the German Baltic Sea port, and the company will scale up the required tug capacity depending on the needs and requests of port customers.Boluda…
Profitability Still a Way Off for Tanker Shipping -BIMCO
New virus mutations and outbreaks have slowed the recovery in global oil demand as some countries lock down again and international travel remains complicated.Drivers of demand and freight ratesTo say that the summer has not been kind to the crude oil shipping industry would be an understatement. Average earnings have dropped below $10,000 per day since June for all crude oil tankers, with many trades offering negative earnings…
ABB Launches Containerized ESS for Ships
Responding to growing demand for new technologies that enable low- and zero-emissions vessel operations, ABB has developed a containerized energy storage system (ESS) that integrates sustainable battery power for existing ships.The complete, plug-in solution allows shipowners to install sustainable marine energy storage at scale, housed in a standard 20-foot high-cube ISO container and ready to integrate with the vessel’s main power distribution system.
SAAM Towage Tugs Initiates Ops in El Salvador
At a flagging ceremony held at the Port of Acajutla led by El Salvador’s Maritime Port Authority, the tugs SAAM Acaxual and SAAM Centzunat were registered under that country's national emblems, giving the green light for them to operate at the port to provide services at the Liquefied Natural Gas (LNG) terminal run by Energía del Pacífico.
Asian Crop Importers Brace for Delays After Ida Hits US Export Hub
Asia’s grain and oilseed buyers are set to face shipping delays of at least one month after Hurricane Ida damaged key export terminals around the U.S. Gulf Coast, two traders and one miller said. The slowdown in supplies is likely to stoke food inflation fears for price-sensitive consumers in Asia, where many importers have already drawn down crop inventories after having been forced to curb purchases…
Vaccine Inequalities and Supply Chain Woes Threaten Global Recovery -BIMCO
Unequal vaccine distribution has put a stopper in the recovery in parts of the world, adding to supply chain disruptions and slowing growth even in countries protected by higher vaccination rates, says shipping trade organization BIMCO. In a globalized world, no one can return to normal before everyone can.The world is increasingly divided between countries where high vaccination rates are protecting populations…
NYK Testing AI-powered Collision Avoidance System
Japanese shipping company Nippon Yusen Kabushiki Kaisha (NYK) is testing a navigation and collision avoidance system in another step toward autonomous cargo ship operations.NYK and MTI Co. Ltd. (MTI) have installed Orca AI’s Automatic Ship Target Recognition System onto an NYK Group ship to assess the system's ability to automatically recognize dangerous targets and other vessels that may be overlooked by the human eye…
Peter Sand Joins Xeneta as Chief Analyst
BIMCO's longtime chief shipping analyst Peter Sand is departing the trade organization to take up the chief analyst role at ocean and air freight rate benchmarking, market analytics platform and container shipping index Xeneta, the Olso-based company announced on Wednesday.Sand joins Xeneta after over a decade at BIMCO, where he was responsible for analyzing commercial markets based on the global economic situation and its influence on trade.
