Sovcomflot's Tankers Find Refuge in the Bahamas Amid Growing Sanctions
At least three tankers controlled by Russian maritime powerhouse Sovcomflot that have been unable to deliver their cargoes due to Western sanctions have re-routed to the Bahamas…
Massive Spreads on Long-term Contract Rates from the Far East to US -Xeneta
The first TPM since 2019 is well underway in Long Beach, U.S., and though the location and many of the faces may be the same, the negotiated rates and the conversations around them are most definitely not. As the theme of this year’s TPM: ‘Relationships Matter’ suggests, carriers, shippers and freight forwarders need to work closely together to find the best solution.This might not be an easy feat…
Gulf Island Chairman Flick to Retire
Gulf Island Fabrication, Inc., a steel fabricator and service provider to the industrial and energy sectors, today announced that its Chairman of the Board of Directors, Michael A.
Mooring Equipment Failure Led to Barge Grounding in Alaska -NTSB
A fatigue crack ultimately led to a fishing tender barge breaking loose from its mooring buoy and grounding during a storm near Ekuk, Alaska, the National Transportation Safety Board (NTSB) said in a recent marine investigation report.On August 30, 2020, the fishing tender barge SM-3 broke free from the buoy it was anchored to and began drifting. The six-person crew deployed two emergency anchors, but the barge continued to drift and grounded on the beach. No injuries were reported.
Recovery, Resilience and Demand Shifts to Drive Inland Waterway Cargo Flows
Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages of early 2020. Flows estimated by the Bureau of Transportation Statistics (BTS), part of the U.S. Department of Transportation, based on data from the U.S. Army Corps of Engineers (USACE) show a 25% rise from June 2020.
Sovcomflot Tanker Carrying US LNG Arrives in France
A Russian-owned tanker carrying U.S. liquefied natural gas (LNG) arrived on Monday at anchorage outside the French port of Nantes Saint-Nazaire, according to vessel…
US House to Vote as Soon as Tuesday on Russia Energy Import Ban
The U.S. House of Representatives is set to vote as soon as Tuesday on legislation seeking to ban the import of Russian energy products and suspend normal trade relations with Russia, a congressional aide told Reuters.The text of the proposal is expected later on Monday, the aide said. A group of key tax- and trade-writing lawmakers said in a joint statement that they had "agreed on a legislative path…
Former Ports of Indiana Commissioner Ferguson Passes
Marvin Ferguson, Commissioner for the Ports of Indiana (POI) from 1993 – 2018, has passed away. First appointed by Governor Evan Bayh in 1993, Ferguson was the longest-serving Commissioner in the Ports’ history, having served under six different Governors (Bayh, O’Bannon, Kernan, Daniels, Pence and Holcomb). “Marvin has a great legacy with the Ports of Indiana,” said Ports of Indiana chief executive officer Vanta E. Coda, II.
As Ukraine Evacuates Trapped Seafarers, Foreign Mariners Count Cost of War
Bangladeshi seafarer Asiful Islam recalls the moment when a missile struck his cargo ship last week off the Ukrainian port of Olvia, killing his crew mate."I was just 15 feet away when it hit our ship. Our third engineer, Hadisur Rahman, who was killed, was standing just two feet away," Islam told Reuters from Romania after the remaining crew members were evacuated over the weekend."All we could do was pray out loud. It was the worst night of my life.
Baltic Index Gains on Higher Rates for All Vessels
The Baltic Exchange's dry bulk sea freight index rose on Monday, helped by higher rates in all vessel segments.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 87 points to 2,235 points, its highest since Feb.
New Zealand's First Fully Electric Ship is a Zero Polluter Down Under
The southern hemisphere’s first fully electric, carbon fiber commuter ferry has successfully completed its inaugural round trip with a Thordon seawater lubricated propeller shaft arrangement supplied by New Zealand’s Henley Engineering.Ika Rere , Mãori for flying fish, joined the East by West fleet in December operating the company’s Wellington to Eastbourne route.Commenting on the ferry’s first trip…
Meet SHADOWLARK: The $10M Personal Vessel Plus Submarine Package
SHADOWCAT and Triton Submarines have collaborated to develop and introduce a new Launch and Recovery Craft (LARC) dubbed SHADOWLARK. Designed by Incat Crowther, SHADOWLARK is a package priced under $10m for delivery in less than 14 months, a package that includes a 24-m LARC designed to carry a Triton 3300/3 MKII submersible, a submersible designed to comfortably seats three people (pilot and two guests) and dive to depths as great as 1…
Wallenius Wilhelmsen Suspends Operations in Russia and Belarus
Norwegian RoRo shipping company Wallenius Wilhelmsen announced Monday it has suspended operations in Russia and Belarus indefinitely amid Russia's violent invasion of Ukraine.The company said it discontinued services into Russia and stopped taking cargo bookings on February 24, while cargo on the water heading for Russia was re-routed to alternative ports and future cargo bookings into the region have been delayed or canceled.
IMTRA to Rep KPM Marine in the US
IMTRA, the manufacturer and importer of solutions and products for the marine, energy and transportation markets, announced it has partnered with KPM Marine to support the growing demand for crew transfer vessels (CTV), and offer vital equipment for fire and rescue vessels.Evolving with the offshore wind energy industry, KPM, based in Birmingham UK, has extensive experience with CTV companies and strong relationships with naval architects, boat yards and operators.
Ukraine Says Part of Black Sea Port of Olvia Has Been Hit
Ukraine’s infrastructure ministry said on Monday that part of the Black Sea port of Olvia, which is under concession to Qatari sea port operator QTerminals, had been hit by a military “strike”.Nobody
Consortium to Assess Containership Fire Safety for EMSA
A consortium led by the Danish Institute of Fire and Security Technology (DBI) will deliver a Formal Safety Assessment study on containership fires to the European Maritime Safety Agency (EMSA). The project aims to identify cost-effective risk control options for cargo fires on board container vessels.Considering the constant increase in containership sizes and the frequency of fire originating in containers…
High Tien Offshore, Jong Shyn Shipbuilding to Build Taiwanese CTVs
High Tien Offshore (HTO) signed a Letter of Intent with Jong Shyn Shipbuilding (JSS) to build Taiwanese Crew Transfer Vessels (CTV) in JSS' shipyard for use in the Taiwanese offshore wind farm industry, supporting developers’ bidding for the offshore windfarms of zonal development in Round 3.The CTVs, when built, will be suitable to operate in the harsh weather and sea conditions in the Taiwanese offshore wind farm areas…
Concerns Around War in Ukraine Help to Keep Ship Scrap Prices Strong
It was another incredibly firm showing from the sub-continent markets this week, according to GMS, particularly Bangladesh and even a recently resurgent India (who now seem to be competing even more on tonnage), whilst Pakistan misses out on units once again, largely behind on the numbers due to local concerns surrounding the impact of the ongoing war in Ukraine.Except China, local steel plate prices…
Brent Crude Soars to $139 a Barrel as U.S., Europe Mull Russian Oil Import Ban
Oil prices spiked to their highest levels since 2008 on Monday as the United States and European allies weighed a Russian oil import ban and delays in the potential return of Iranian crude to global markets fuelled supply fears.In the first few minutes of trade Brent crude reached $139.13 and U.S. West Texas Intermediate (WTI) hit $130.50, both benchmarks striking their highest levels since July 2008.By 1017 GMT…
