Performance Shipping Acquires Secondhand Aframax Tanker
Tanker owner Performance Shipping announced on Friday that it has signed a deal to acquire a 105,525 dwt secondhand Aframax tanker from an undisclosed seller for…
EUNAVFOR Conducts First Combined Operation with RMIFC and RCOC
EUNAVFOR Atalanta and both the Regional Maritime Information Fusion Center (RMIFC/Madagascar) and the Regional Coordination Operations Center (RCOC/Seychelles) conducted their first joint operation from September 21 to 24. This first Operation, named MARLIN, was aimed at strengthening maritime security in the Western Indian Ocean through sustainable collaboration between the States of the region and international partners.
At Least 12 Sailors Die of Suspected Food Poisoning on Ship off Vietnam
At least 12 sailors on a Chinese-flagged cargo ship have died of suspected food poisoning off Vietnam's southern coast, a government official said on Friday.After receiving distress calls from the shi
Low River Levels, Soaring Barge Freight Curb U.S. Grain Exports
Numerous barges have run aground on the lower Mississippi River, and grain barge shipping rates are soaring to historic highs this week, as drought has dropped inland waterways to levels not seen in decades.And with little rain in the forecast, the low water levels are hampering already sluggish grain exports at the U.S. Gulf Coast, where some 60% of U.S. corn, soybean and wheat exports exit the country.The…
Samsung Heavy Industries, Equinor Sign Strategic Collaboration Deal
Samsung Heavy Industries (SHI) has signed a "Strategic Collaboration Agreement" with Equinor, Norway's largest energy company, to strengthen its competitiveness in the offshore EPC business.According to SHI, the two companies have recognized that a longer-term and closer collaboration on the future project portfolio could be mutually beneficial for Equinor's future projects requiring "Asian Solutions"…
Taiwan Inducts New Amphibious Ship in Push to Bolster Defense Industry
Taiwan's navy took delivery on Friday of a new, domestically made amphibious warfare ship that can be used to land troops and bolster supply lines to vulnerable islands, part of President Tsai Ing-wen's defense self-sufficiency push. The 10,600-tonne Yu Shan, named after Taiwan's tallest mountain, is the latest development in Tsai's ambitious program to modernize the armed forces amid increased pressure from China…
Subsea 7 Charters Siem Offshore's OSCV
The Norwegian offshore vessel company Siem Offshore has entered into a new three-year contract for the OSCV Siem Stingray with Subsea 7.The contract will start in direct continuation of its current commitment.Subsea 7 plans to employ the vessel supporting its clients world-wide predominantly within the oil and gas sector undertaking projects within offshore construction and inspection, maintenance and repair (IMR).Separately, Subsea 7 this week announced vessel charters in the U.S.
Runaway Barge Near Corpus Christi
A barge has gone adrift and ran aground near the Packery Channel in Corpus Christi, Texas on Thursday.The U.S. Coast Guard said it received a call at 7:45 a.m. from a driver on Texas State Highway 361 stating they saw an adrift barge floating in the Packery Channel between the boat ramp and the jetties. The barge was loaded with rocks and drifting outbound.The Coast Guard notified Callan Marine, the company contracted to repair the jetty using the barge…
Foreign Tanker Delivers US Fuel to Puerto Rico Following Jones Act Waiver
A ship carrying a cargo of diesel fuel initially barred from hurricane-hit Puerto Rico anchored at the island's Guayanilla port on Friday to unload under a Biden administration waiver…
Vigor Wins $131 Million Navy Ship Repair Deal
Portland, Ore. based shipbuilding and repair company Vigor Marine has been awarded a $131,151,747 firm-fixed-price contract action to accomplish the USS John Paul Jones (DDG 53) 2C1 dry-docking selected restricted availability (DSRA).The contract includes options which, if exercised, would bring the cumulative value of this contract to $131,826,808.Work will be performed in Seattle (77%) and Everett, Wash.
Maersk CEO Expects Holiday Volumes to Be Less than Usual
A.P. Moller-Maersk's chief executive said on Thursday he expects a "modest" pick-up in trade for the upcoming holidays this year amid concerns about the slowing global economy and consumer demand."Volumes headed into the Christmas season are lower than a normal year," Soren Skou said in a Reuters Newsmaker interview.Ocean freight volumes will be flat or lower this year, though there is still congestion in global supply chains, he said. U.S.
Drone Activity Observed Near Total Offshore Installation in North Sea
TotalEnergies said on Thursday it had observed "unauthorized drone activity" near one of its offshore oil and gas installations in the North Sea.Denmark, has like other countries in the region, raised
Philly Shipyard Lays Keel for Second NSMV
Philly Shipyard held a keel laying ceremony on Thursday for the second vessel in a series of new purpose built, state-of-the-art training ships for America’s state maritime academies.The newbuild, to be named Patriot State, is the second of five new National Security Multi-Mission Vessels (NSMV) being built under a program for the U.S. Department of Transportation Maritime Administration (MARAD), which owns and operates training ships for the nation's state maritime academies.
Australia Rules Out Curbs on LNG Exports after Producer Deal
Australia will not put curbs on gas exports after reaching a deal with its three east coast producers of liquefied natural gas (LNG) to avert a forecast supply crunch, Resources Minister Madeleine King said on Thursday.The government threatened the export curbs in August, worrying Asian buyers and LNG investors, following a warning by the competition watchdog that the east coast market faced a shortfall…
Wind-powered Cargo Capacity Surpasses One Million DWT
The latest installations of wind propulsion technology on large commercial vessels have tipped the amount of cargo that can be transported on vessels that make use of wind as a renewable energy source over the one million tonnes of deadweight (DWT) milestone.The timing of wind-powered ship propulsion passing this pivotal milestone comes in the same week that the industry celebrates World Maritime Day and its theme "New Technologies for Greener Shipping".In recent years…
Spear Power Systems Promotes Kostos
Spear Power Systems, a U.S.-based manufacturer of lithium-ion energy storage systems, announced it has promoted Ryan Kostos to Applications Engineering Manager.Kostos will lead a team of applications engineers and product managers to drive Spear's roadmap, shape its products, and build on Spear's information exchange with customers and partners.Kostos returns to the U.S. after spending two years forming the nucleus of the Spear BV team in Brussels.
AMP President Slams Jones Act Waiver
The president of a U.S. maritime trade group has slammed a decision by the Biden administration to approve a temporary Jones Act waiver for vessels shipping oil and other essential commodities to Puerto Rico in the wake of hurricane Fiona.“Granting of this waiver rewards calculated and predatory behavior that undermines a dedicated American supply chain for Puerto Rico, and it is a harmful precedent that invites similar cynical stunts by foreign oil traders…
Maersk Training, NaMICPA to Set Up GWO Training Center in Nagasaki
Maersk Training and Nagasaki Marine Industry Cluster Promotion Association (NaMICPA) have signed a consultancy agreement, in which Maersk Training provides support to NaMICPA, establishing a training center in Nagasaki, Japan. The preparations for the training center in Nagasaki are funded by the Nippon Foundation. The collaboration is the next step in securing NaMICPA as the region’s leader in Basic…
NAT Sells 19-year-old Suezmax Tanker
Nordic American Tankers (NAT) announced it has sold a 2003-built suezmax tanker for $21 million net. The buyer is a major international energy company, NAT said…
Container Rates: Slide Begins as Long-term Shipping Rates Fall -Xeneta
Long-term contracted rates fell by 1.1% in September, marking the first drop since January and one of only three declines in the past 21 months, recent data from the Xeneta Shipping Index (XSI) reveals. However, analysts at Oslo-based Xeneta, which aggregates data from leading global shippers and freight forwarders, expect “it won’t be the last”, with market fundamentals suggesting the “halcyon days”…
