Castor Maritime to Spin-off Its Tanker Fleet
Bulk carrier and tanker owner Castor Maritime this week announced plans to spin off its tanker fleet into a new subsidiary called Toro.Nasdaq-listed Castor, whichā¦
All American Marine to Build Patrol Boat for Calif. Fish and Wildlife
Bellingham, Wash. shipbuilder All American Marine, Inc. (AAM) announced it has been awarded a contract to build an new 74ā patrol vessel for the California Department of Fish and Wildlife (CDFW).CDFW manages California's diverse fish, wildlife and plant resources, and the habitats upon which they depend, and its Law Enforcement Division protects California natural resources and provides public safety.
Baltic Dry Index Posts Weekly Fall
The Baltic Exchange's dry bulk sea freight index fell to a more than two-month low on Friday and posted a weekly decline as demand for capesize vessels dropped.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities shed 39 points, or 3.2%, to 1,189, its lowest since Sept. 8.The main index dropped 12.3% for the week, its fifth weekly fall in six.The capesize index lost 66 pointsā¦
Fujairah Bunker Sales Slide 2% in October
Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627,000 tonnes) in October, showed latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights.The decline was led by a fall in low-sulphur bunker fuel salesā¦
Britain Says Drone Circles Vessel in Gulf of Oman
Britain's maritime agency said a drone circled a ship in the Gulf of Oman on Friday, three days after an Iranian-made drone attacked a tanker in the region.The Maritime Trade Operations (UKMTO), which is part of the Royal Navy, said the incident took place about 50 miles southwest of Muscat. The vessel and crew were reported to be safe. It did not specify what kind of vessel was involved.The U.S.
Maersk Line Settles Sexual Assault Suit with Midshipman-X Hope Hicks
Maersk Line, Limited (MLL), a U.S. subsidiary of Danish shipping giant A.P. Moller - Maersk, has resolved a sexual assault and harassment suit filed by former U.S. Merchant Maritime Academy (USMMA) cadet Hope Hicks.Hicks shook the international maritime community in 2021 under the moniker "Midshipman-X" when she publicly described how she was raped by her superior officer while serving as an engine cadet aboard the Maersk cargo ship Alliance Fairfax in 2019.In Juneā¦
Seymour Sun, Grouse Sun Garner Green Ship Award
Delivered in January 2022 and April 2022 respectively from Hyundai Mipo Dockyard in South Korea, the Seymour Sun and Grouse Sun are owned by NYK Bulkship Asia Pte. Ltd., were recognized recently with the "Green Ship Award" at the Singapore Registry of Ships (SRS) Forum 2022 hosted by the Maritime and Port Authority of Singapore (MPA).Each ship measures 186 x 32 m, is 30,873 gt and flies the Singaporeā¦
Incat Crowther Designs University of Wisconsin-Superior's New Research Vessel
The Lake Superior Research Institute (LSRI) at the University of Wisconsin-Superior has commissioned naval architecture firm Incat Crowther to design a new low-emission battery hybrid research vessel.The aluminum-hulled vessel will be built by Louisiana shipbuilder Midship Marine for expected delivery in spring 2024.Described as a āfloating classroomā, the 65-foot USCG-certified catamaran will supportā¦
Cannelton Locks and Dam Primary Lock Chamber Reopens to Navigation Traffic
The 1,200 foot-primary chamber at Cannelton Locks and Dam on the Ohio River in Cannelton, Ind., officially reopened to navigation traffic, November 13, the U.S. Army Corps of Engineers (USACE) said.Due to scheduled maintenance and repairs, the 1200-foot primary chamber had been closed since July. The four-month temporary closure allowed the Regional Rivers Repair Fleetās (R3F) heavy capacity fleetā¦
Backhaul Spot Rates Sink Below January 2020 Levels
The collapse in spot rates on fronthaul trades has caught the headlines, but shippers on certain backhaul trades have seen equally large drops, with some trades having seen spot rates fall for much longer than on the fronthaul and have fallen below rates in January 2020, Xeneta shows in its latest weekly container freight rate update.From North Europe to the Far East, the average rate for a standard FEU has fallen to $820 per FEU.
Black Sea Grain Export Deal Extended
A deal aimed at easing global food shortages by facilitating Ukraine's agricultural exports from its southern Black Sea ports was extended for 120 days on Thursday, though Moscow said its own demands were yet to be fully addressed.The agreement, initially reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraineā¦
Disney Acquires Unfinished Cruise Ship Global Dream
Disney Cruise Line has announced plans to acquire and complete the unfinished cruise ship previously known as Global Dream. The 208,000-gross-ton ship, which was originally being built by the now bankrupt MV Werften shipyard in Wismar, Germany for insolvent parent company Genting Hong Kong's Dream Cruises, has been sitting incomplete as the shipyard's liquidator sought a buyer. The Walt Disney Company'sā¦
MPC Container Ships Appoints Fuhrmann as CFO
Oslo-based shipping company MPC Container Ships ASA on Thursday announced it has appointed Moritz Fuhrmann as Chief Financial Officer (CFO) from December 1, 2022. Fuhrmann will succeed the current CFO, Dr. Benjamin Pfeifer, who has resigned his position to pursue new opportunities.Fuhrmann joins the company from London-based Hayfin Capital Management LLP, where he has served as Principal in the maritime team.
Performance Shipping Buys Secondhand Aframax Tanker
Greek shipowner Performance Shipping on Thursday announced it has signed a memorandum of agreement to purchase a secondhand 105,408 dwt LR2 Aframax oil product tanker for $43.75 million.The vesselā¦
New Water Taxi Service Launched in Abu Dhabi
A new public water taxi service has been launched in Abu Dhabi to offer an alternative transport option between Yas Bay, Yas Marina and Al Bandar.Abu Dhabi Maritime, established by the Department of Municipalities and Transport (DMT) and AD Ports Group as the primary custodian of Abu Dhabi's waterways, is launching the service in collaboration with local attractions developer Miral.It will initially operate across high-demand locations including Yas Bayā¦
DESMI Names Humphrey Lau CEO
Humphrey Lau has been named as CEO of DESMI, a Danish manufacturer of pumps, pumping systems, environmental cleaning equipment and related products within flow technology. He will succeed Henrik Sørensen, who has decided to step down on December 1, after more than 26 years as DESMI CEO.Humphrey worked for 16 years with Novo Nordisk and Novozymes and 14 years with Grundfos where he most recently held the position of Group Senior Vice President, Global Industry Business.
Safe Bulkers Lines Up More Scrubber Retrofits
In recent years, Greek shipowner Safe Bulkers has retrofitted Alfa Laval PureSOx exhaust gas cleaning systems on 20 of its bulk carriers. The company has just installed its 21st PureSOx scrubber, and four more retrofits are scheduled through the first half of 2023.Safe Bulkers is expanding the retrofit program for exhaust gas cleaning within its fleet. Having now retrofitted an open-loop PureSOx system on the MV Pelopidasā¦
Van Oord's Cable Layer Rescues 49 Refugees in Mediterranean
The Dutch offshore installation firm Van Oord said Thursday that its Nexus cable layer had this week rescued 49 refugees in the Mediterranean Sea. "The cable-laying vessel was contacted by the Malta Rescue Coordination Center to give support, in the worsening weather conditions of the night of 16-17 November," Van Oord said."It is unknown for how many days the refugees - all men - were on a sea journey. Their origin is also unknown, due to language barriers.
Cecon Orders Methanol, Battery-powered Cable Layer
Norway-based offshore energy industry services firm Cecon Contracting AS said Thursday that it had, with its partners, recently entered into an agreement for the construction of a methanol- and battery-powered cable installation vessel. The vessel, which will be delivered from Sefine Shipyard in Turkey in the first quarter of 2025, is designed by NSK Ship Design together with Ceconās engineering team, Cecon said.
Intelatus: Almost 30,000 Offshore Wind Turbines to Be Installed by 2035
Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders.According to a new report released by Intelatus Global Partnersā¦
