US Dirty Tanker Export Demand Jumps
During the first eight months of 2023, US dirty tanker export demand increased 33% year-on-year while the global dirty tanker exports increased only 5%. Measured in deadweight tonne miles, US exports now account for 14% of global dirty tanker demand, says Niels Rasmussen, Chief Shipping Analyst at BIMCO.US oil production has increased since 2013 while US refinery runs peaked before the COVID pandemic.
AEGIR-Marine and UPE Conduct Major Stern Tube and Propeller Repair Job
When on route to the Gulf of Mexico area, a fully laden bulker hit a buoy off the coast of Colombia damaging the propeller blades and aft seal assembly. A close detailed inspection revealed a missing rope guard, the entire seal box being distorted and dislocated from the stern tube and all five propelled blades damaged.Trained and certified UPE-dive technicians were mobilized, together with special habitat and relevant equipment…
MARAD Taps CNA to Help Inform New National Maritime Strategy
The U.S. Department of Transportation's Maritime Administration (MARAD) announced it has selected the Center for Naval Analyses (CNA) to conduct a study that will help the agency create its new national maritime strategy.CNA is an independent, nonprofit Federally Funded Research and Development Center (FFRDC) sponsored by the Department of the Navy with expertise in researching sealift needs for national…
American Cruise Lines Hires Young as Business Development Director
American Cruise Lines on Wednesday announced Susan Shultz-Gelino, Vice President of Trade Relations, has retired after several decades with the company, and that Melissa Young has joined the company as Director of Business DevelopmentShultz-Gelino began her career in travel with American Cruise Lines in the 1980s. Among her many achievements, she established and led American’s sales department to record numbers through the company’s early years.
Video: Overboard Tanker Crew Member Rescued in the Gulf of Mexico
A mariner has been rescued after reportedly falling from a tanker in the Gulf of Mexico, the U.S. Coast Guard said on Wednesday.The Coast Guard said its watchstanders at Sector Houston-Galveston command center received a distress call on VHF-FM channel 16 at 9:23 a.m. from personnel aboard the Liberian-registered vessel Ghibli, stating that a crew member had fallen overboard about 10 miles offshore Galveston…
India, Russia to Widen Maritime Cooperation
India and Russia will explore the possibility of using new transport corridors such as the Northern Sea Route and Eastern Maritime Corridor between Vladivostok and Chennai to widen maritime cooperation, the Indian government said on Wednesday.A decision to work towards this was made during a meeting between India's Ports, Shipping and Waterways minister, Sarbananda Sonowal, and Russia's Development of the Far East and Arctic minister, A.O.
Sanmar Delivers Tug to Denmark's Port of Hirtshals
Sanmar Shipyards has delivered a new harbor tug to the Port of Hirtshals in Denmark where it will primarily assist increasingly large ferries to and from the quay in the port’s often notoriously windy conditions.Formerly part of Sanmar’s own fleet operating at Izmit Bay in Türkiye, the 2019-built tug Yeniçay X has been renamed Sibba by its new owners. It replaces the port’s previous tug which was built…
Expedition Cruise Ship Remains Stuck Aground in Greenland
A luxury cruise ship carrying 206 people remained stuck in a remote Greenland location on Wednesday after running aground earlier this week, the vessel's operator and rescue services said.The Danish m
Battle Heats Up for Hamburg Port Operator as MSC Makes $1.4 Billion Offer
Swiss-based MSC, the world's biggest container shipping company, has offered to buy almost half of the main operator of Hamburg port in a deal that could be worth nearly 1.3 billion euros ($1.4 billion), setting the stage for a potential bidding war.Shares in HHLA, which runs Germany's biggest port, soared 49% to a 19-month high as shortly after Wednesday's announcement German logistics billionaire Klaus-Michael Kuehne said he was considering a counter offer."We are examining the submission of a
Finnlines Names New RoPax Finnsirius
Finnlines on Wednesday held a naming ceremony in Naantali for its first of two new freight-passenger Superstar vessels, Finnsirius.The new ro-pax vessel, part of Finnlines €500-million Green Investment Program, was built by China Merchants Jinling Shipyard in Weihai, China.“Finnsirius is Finnlines’ new eco-efficient flagship, designed specifically for the fast-paced freight transport route between Finland and Sweden.
New Company Will Combine Crowley and SEACOR Jones Act Tank Vessel Fleets
U.S. maritime companies Crowley and SEACOR Holdings' Seabulk Tankers have created a new joint venture that combines their liquid energy and chemical transportation vessels, operations and related services into a new, independent U.S. Jones Act service provider.The new company, Fairwater Holdings, will serve the U.S. domestic market with vessels and marine transportation solutions across the petroleum and chemical trades, as well as related third-party ship management services.
Rowing Boat Owner Sentenced in the UK After Man Was Lost Overboard
The owner and skipper of a rowing vessel has received a 12-month prison sentence after a 21-year-old was lost overboard in the middle of the Atlantic.In February 2016, Michael Johnson was swept overboard by a large wave in the North Atlantic Ocean, between the Canary Islands and Barbados, during a world record row attempt to cross the Atlantic Ocean in 32 days. The seven remaining crew members on board were unable to save Johnson.Simon Chalk…
ABS Wavesight and Procureship Partner to Optimize Marine Procurement
ABS-affiliated maritime software as a service (SaaS) company ABS Wavesight announced it is partnering with e-procurement platform provider Procureship to streamline maritime procurement and purchasing.The agreement will aim to provide ship owners and operators with tools to optimize their fleet operations through digitalization, reducing costs and increasing efficiency, the companies said. By offering more options for automation…
UK Aims to Cash In On Cruise Ship Repair and Refit
Companies from across the U.K. maritime sector and numerous government departments are coming together to develop a vision for making the country a global center of excellence for cruise lines looking to repair and refit their vessels.Britain’s maritime engineering industry already feeds into the cruise industry but sees significant untapped economic opportunity within the £2.36 billion global market for cruise ship refit and repair…
Oceanco Connects Yacht Building with Digitalization
Yacht building and digitalization are strongly interconnected at Oceanco. For the Alblasserdam-based company it is even a precondition to continue to perform at top level."Our ambition is to build the owner’s perfect yacht and realize all their wishes, no matter how complex they may be. During the entire term of a project - from contract to delivery - the owner can still propose changes. To make that possible…
Turbine Installation Kicks Off at U.S. First Commercial-scale Offshore Wind Farm
Avangrid, Inc., a U.S. offshore wind developer and part of the Spanish Iberdrola Group on Wednesday announced the start of the wind turbine installation campaign for Avangrid’s Vineyard Wind 1 project offshore Massachusetts, the first commercial-scale offshore wind farm in the United States. The installation campaign follows the transportation earlier this week of the first GE Haliade-X Wind Turbine…
Baltic Dry Index Hits Over Three-month High
The Baltic Exchange's main dry bulk sea freight index hit its highest in more than three months on Wednesday, powered mostly by gains in the larger vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels rose 55 points, or 4.5%, to 1,290, its highest level since May 24.The capesize index rose for sixth straight session, gaining 86 points, or 6.5%, to 1,416.Average daily earnings for capesize vessels, which typically transport 150,000-tonne ca
Wärtsilä to Equip World’s First Methanol-fuelled Hybrid RoRo Vessels
Finland-based marine technology group Wärtsilä will supply an integrated hybrid propulsion system for two new world’s first methanol-fuelled hybrid RoRo vessels The ships are being built at the China Merchants Jinling shipyard (Weihai) Co., Ltd for the Swedish shipping company Stena RoRo. The ships will operate in the Stena Line Irish Sea system. Each vessel will be equipped with two Wärtsilä 32M multi-fuel engines capable of operating on methanol fuel and with ammonia-ready notation.
Libyan Oil Ports Reopen after Storm Forced Closure
Four major oil ports in Libya have reopened after shutting down on Saturday because of the powerful storm that swept the country, killing thousands of people, port agent Al Omran International Maritime Agencies said on Wednesday. The eastern ports of Brega, Es Sidra and Ras Lanuf opened on Tuesday and the port of Zueitina opened on Wednesday morning, Al Omran said. Oil prices rose on Wednesday, with Brent firming around a 10-month peak reached during trading a day earlier…
Effectiveness and Equity Boost Needed for IMO Targets
In a rare occurrence in the challenging politics of climate change, the IMO’s Revised GHG Strategy, adopted at MEPC 80 in July, represents a significant leap forward in ambition. New analysis by UMAS shows the IMO’s targets correspond to a path between 1.55oC and 1.6oC according to the GHG budget defined by the IPCC.Dr Tristan Smith, Reader at UCL Energy Institute, Director of UMAS, said: “The IMO’s…
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