Two Ships Divert Course Away from Red Sea After Vessel Seized by Houthis
Two commercial ships that diverted their course in the Red Sea and Gulf of Aden were connected to the same maritime group whose vessel was seized by Yemen's Houthis, according to shipping data and British maritime security company Ambrey.Israel on Sunday said the Houthis had seized a British-owned, Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security.The Houthis…
Emerson Invests in Frugal Technologies
Automation technology and software company Emerson announced it has invested in Frugal Technologies, a Danish-based company that offers fuel optimization technologies that reduce energy use and emissions in shipping fleets.Frugal’s cloud-based propulsion optimization software uses AI technology to collect data related to dynamic conditions such as weather, cargo load and propulsion and develop optimal engine models for ships.
Diana Lines Up Time Charter with Bunge
Dry bulk shipowner Diana Shipping on Monday announced that it has lined up a time charter contract with agribusiness Bunge for one of its Ultramax dry bulk vessels, DSI Andromed—a 60,309 dwt Ultramax dry bulk vessel built in Japan in 2016.The charter, which Diana entered through a separate wholly-owned subsidiary, is expected to commence on November 24, 2023.The gross charter rate is $13,500 per day…
Weaker Capesize Rates Push Baltic Dry Index Lower
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, dropped to snap a seven-session winning streak on Monday, weighed down by lower capesize rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 3 points, or 0.2%, to 1,817.The capesize index lost 56 points, or 2%, to 2,707.Average daily earnings for capesize vessels…
Standard Supply to Sell PSV Trio for $72.2M
Oslo-listed Standard Supply has recently agreed to sell three large platform supply vessels, Standard Viking, Standard Supplier, and Standard Defender, for a gross of $72.2 million.Adjusting for ownership, proceeds to Standard Supply will be $69.5 million gross. The transaction is contingent upon certain conditions to be lifted by the end of November, and completion is expected no later than mid-January 2024.
Yara to Store CO2 from Dutch Plant under Norway Seabed
Fertilizer maker Yara said on Monday it has signed a binding agreement to capture CO2 emissions from its Dutch ammonia plant and transport it to the Norwegian North Sea for storage deep beneath the seabed.The carbon capture and storage project (CCS) will cut annual emissions of CO2 by 800,000 tonnes over a 15 year period, the Norwegian company said in a statement.When the operation begins in 2025, it is expected to be the first time that CO2 from one nation is transported across borders for stor
U.S. Coast Guard Responds to Gulf of Mexico Oil Spill
The U.S. Coast Guard was leading an oil spill clean-up in the Gulf of Mexico on Friday, partnering with local and federal agencies and companies after a Main Pass Oil Gathering Co (MPOG) underwater pipeline began leaking.The crude oil pipeline is around 19 miles (30 km) offshore in the Gulf of Mexico, east of Venice, Louisiana, the U.S.
Grain Ship Damaged Off Ukraine, Likely Hit Sea Mine
A merchant ship transporting grains was lightly damaged off the coast of Ukraine and was likely to have been hit by a floating sea mine, according to maritime specialists and a Ukrainian government source.This is the latest incident affecting commercial ships sailing in the Black Sea.War risk insurance premiums have risen to as much as 3% of the value of a vessel after a missile damaged a merchant ship in the Ukrainian port of Pivdennyi last week, industry sources said.Four maritime and trade so
AMSA Bans BBC Jade
The Australian Maritime Safety Authority (AMSA) has issued its third ban from Australian waters to a Briese Heavylift GmbH & Co ship this year.AMSA issued the 90-day ban to the Antigua & Barbuda-flagged general cargo ship BBC Jade, after inspectors in Port Alma found 57 tons of explosive substances had been incorrectly stowed on board the vessel during transit.The International Maritime Dangerous Goods…
New Space Saving Concept Developed for Methanol-Fueled Vessels
Lloyd’s Register (LR), in collaboration with SDC Ship Design and Consult, has developed a new concept for the use of ballast water tanks in place of cofferdams around methanol tanks, allowing ship operators more space for methanol fuel technology.For retrofits of methanol technology on existing ships, the development is expected to enable shipowners to convert their vessels without a loss of valuable space…
Panama Port Blockade Keeps Supplies from First Quantum Mine
A ship with supplies for Canadian miner First Quantum's unit in Panama was unable to dock as local boats blocked off access to the key port, the company said in a statement to Reuters on Friday.Protests have escalated in recent weeks against the miner's contract for a major copper mine operated by the company's local unit, known as Minera Panama.The ship in question has remained in Panamanian waters for several days without being able to reach the Punta Rincon port due to protests…
Video: Houthis Seize Car Carrier in the Red Sea
Israel said on Sunday that Yemen's Houthis had seized a British-owned and Japanese-operated cargo ship in the southern Red Sea, describing the incident as an "Iranian act of terrorism" with consequences for international maritime security.The Houthis said they had seized a ship in that area but described it as Israeli. "We are treating the ship's crew in accordance with Islamic principles and values…
Turkish Ship with 12 Crew Missing in Black Sea
A Turkish cargo ship with 12 crew members on board went missing off the country's Black Sea coast amid a storm on Sunday and authorities have been unable to make contact with them since, local authorities said.The captain of the Turkish flagged Kafkametler had reported during the morning that the ship was drifting towards a breakwater off Eregli, in northwest Turkey's Zonguldak province, the provincial governor's office said.The region was hit by powerful storms on Sunday and the statement said
FLNG Gimi Delivered and Sailing to Africa
Golar LNG has announced that the FLNG Gimi has departed Singapore’s Seatrium Shipyard and is now sailing under its own propulsion, supported by an escort tug, toward BP’s purpose-built Greater Tortue Ahmeyim (GTA) hub offshore Mauritania and Senegal.The voyage is expected to take around 60 days, including refuelling stops in Mauritius prior to rounding the Cape of Good Hope and in Namibia prior to its arrival.
GMS: Steel Plate Prices Not Yet as High as Hoped
As Diwali holiday celebrations concluded, Alang recyclers seem to slowly be filtering back to work amidst declining plates prices, sentiments, says cash buyer GMS, and local offerings that remain stagnant.“Unfortunately, this remains the ongoing dilemma across much of the Indian sub-continent ship recycling markets, especially as steel plate prices are yet to gain ground to the extent many in the industry had been hoping for thus far…
ASRY Organizes Third Raft Race Competition
The Arab Shipbuilding and Repair Yard Company (ASRY) held its third annual Raft Race Competition on the ASRY Beach on Saturday, November 18, 2023.More than a hundred contestants from the company’s employees and subcontractors participated. In addition, SULB Bahrain took part in this year’s competition as a new member, with the participation of two teams.This sporting event, which aims to enhance social bonds…
Climate Neutral Island Supply Vessel Launched for Marshall Islands
A climate neutral island supply vessel has been launched for the German Society for International Cooperation (GIZ) to service the Marshall Islands.GIZ is implementing the bilateral project financed by the International Climate Initiative (IKI) together with the government of the Marshall Islands. The ship, which was developed by the ship design office Kostec Co. and the shipyard Asia Shipbuilding Co. Ltd.
IMRF Launches #SAFERSAR Initiative
The International Maritime Rescue Federation (IMRF) has launched its #SaferSAR initiative which will look to enable global search and rescue (SAR) organisations to better collect, analyse and share maritime SAR incident response data.The aim is to enhance future maritime SAR response operations.The initiative, which is being funded by Lloyd’s Register Foundation, will encompass a 12-month feasibility…
Strong Vessel Demand Lifts Baltic Dry Index to Second Weekly Gain
The Baltic Exchange's dry bulk sea freight index rose on Friday and posted a second consecutive weekly gain on the back of stronger demand across vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, rose to an over three-weeks high as it added 62 points, or 3.5%, to 1,820. It was up 10.8% this week.The capesize index added 99 points, or 3.7%, to 2,763.
Seaspan Takes Delivery of New 15,500 TEU Vessel
Seaspan Corporation has taken delivery of Maersk Cleveland, the second of six new SAVER 15,500 TEU series vessels.The ship was delivered from China's Jiangnan Shipyard on November 15.Seaspan, a wholly owned subsidiary of Atlas Corp., announced contracts to build the six ships in March 2021 as part of a raft of new shipbuilding orders.Upon completion, each vessel will enter long-term charters with global liner customers.The series' first vessel, Maersk Charleston, was delivered earlier this year.
