Black Sea Shipping Traffic Slowing after Russia, Ukraine Warnings
The number of ships looking to pick up grain cargoes from the Black Sea area has fallen 35% this week versus the previous week with growing uncertainty over whether commercial traffic could be hit as Russia continues to pound food facilities in Ukraine.Moscow's direct attacks on Ukraine's grain for four days running followed a vow by Kyiv to defy Russia's naval blockade on its export ports following Moscow's withdrawal earlier this week from a UN-brokered safe sea corridor agreement.
Baltic Index Logs 10% Weekly Drop as Demand for Larger Vessel Wilts Away
The Baltic Exchange's main sea freight index closed the trading week at a 10% decline, pressured by lower demand in the larger vessel segments.The overall index that factors in rates for capesize, panamax, and supramax shipping vessels carrying dry bulk commodities, however, edged up by 1 point to 978 on Friday.The capesize index gained 21 points, or about 1.5%, to 1,442, but has fallen nearly 13% this week.Average daily earnings for capesizes…
Italian Authorities Seize Record 5.3t Cocaine Haul Off Sicily
Italian authorities have seized a record 5.3 tonne cocaine haul being transferred between ships off the southern coast of Sicily, police said on Friday.The consignment had an estimated value of 850 million euros ($946 million) and five people have been arrested, the Guardia di Finanza said in a statement. Police had been tracking a ship that sailed from South America and swooped in the early hours of Wednesday…
Senesco Launches Jones Act CTV WindServe Genesis
Senesco Marine on Friday launched the new Jones-Act-compliant crew transfer vessel WindServe Genesis.WindServe Marine, a sister company to the North Kingstown, R.I. shipbuilder—both part of the Reinauer Group—will operate the CTV. The vessel will initially provide crew transfer support during the construction phase at Ørsted's Southfork Wind project off the coast of Long Island. The vessel will later go on to to work at the developer's Revolution Wind project off Rhode Island and Connecticut…
Russian Navy Rehearses Firing Rockets at Ships in Black Sea After Warning to Ukraine
Russia's Defense Ministry said on Friday that its Black Sea Fleet had practised firing rockets at surface targets in a live fire exercise, two days after it warned that ships heading to Ukraine's Black Sea ports could be considered military targets.Russia issued its warning earlier this week after it quit the Black Sea grain deal on Monday, revoking security guarantees for ships carrying Ukrainian grain.Kyiv subsequently said it wanted to set up a temporary shipping route to try and continue its
Romanian Port Can Ship More Ukraine Grain After Collapse of Black Sea Deal
Romania's Constanta port, Ukraine's main alternative route for grain since Russia's withdrawal led to the collapse of the Black Sea shipment deal, has capacity to handle extra cargoes until mid-August, the head of the port's business association said.He added operators were also seeking to increase capacity.Even before Russia on Monday quit a safe passage grain corridor through Ukraine's own ports, Constanta had emerged as the biggest alternative shipping route.
Damen's DACS to Boost Fuel Efficiency of Amisco's Cargo Vessel
Damen Shipyards has secured the first order for its Damen Air Cavity System (DACS) with the system set to be installed on a cargo vessel owned by the shipping company Amisco. Damen has developed DACS to support maritime operators in their efforts to reduce fuel consumption and emissions."DACs is an air lubrication system, borne out of a collaboration between Damen and the Delft University of Technology (TU Delft).
Meyer Werft Delivers Silver Nova to Silversea Cruises
German shipbuilder Meyer Werft announced it has delivered the new environmentally advanced cruise ship Silver Nova to Royal Caribbean's luxury cruise line Silversea Cruises."We are very pleased to once again deliver a ship that will set new standards on the way to climate-neutral cruising. With the propulsion system, a combination of LNG, fuel cell system and batteries, the ship has the best possible measures to reduce emissions…
Kremlin: Ukraine Poses Danger to Civilian Shipping in Black Sea
The Kremlin said on Friday that what it called Ukraine's "unpredictable" actions posed a danger to civilian shipping in the Black Sea, and accused Kyiv of carrying out "terrorist attacks" in the area.Russia said this week that all ships heading to Ukraine's Black Sea ports could be considered military targets, and their flag countries parties to the conflict on the Ukrainian side, after it revoked their security guarantees by quitting the Black Sea grain deal.Its navy has since practised firing
Iran Denies Oil on Tanker Seized by Indonesia Belongs to Tehran
Iran said the oil cargo of an Iranian-flagged supertanker seized by Indonesia last week does not belong to Tehran, Iranian state media reported on Friday. A statement…
DNV, UAE Ministry of Infrastructure & Energy to Set Up Maritime Decarbonization Center
Suhail Al Mazrouei, United Arab Emirates (UAE) Minister of Energy and Infrastructure, and Knut Ørbeck-Nilssen, CEO of DNV Maritime, representing the Foundation Det Norske Veritas, signed a Memorandum of Understanding (MOU) on establishing a new UAE Decarbonization Center. The MOU was signed at a ceremony at the International Maritime Organization's headquarters in London, H.E "The Marine Environment…
Iran Loses Bid to Host Shipping Event after Vote at UN Agency Meeting
Iran's offer to host a maritime event in October has been rejected after a proposal led by the U.S. to rescind the bid was approved in a vote at the UN shipping agency's Council…
