Ship Recycling Market Continues to Suffer
Indian sub-continent ship recycling markets remain decidedly dicey as both currencies and local steel plate prices in India and Bangladesh declined even further this week, reports cash buyer GMS.“Vessel prices and demand take on a whole new meaning of industrywide suffering, especially with Turkey and Pakistani ship recycling markets still being remanded at the same resort over recent weeks.”The political…
Esgian Week 29 Report: New Drilling Plans in Guyana and Norway
Esgian provides an update on new drilling plans in Guyana and Norway in its Week 29 Rig Analytics Market Roundup.Report SummaryContractsADES has secured a 10-year contract extension for 250-ft jackup Admarine 657 offshore Saudi Arabia, commencing immediately upon the expiration of its current contract term with Saudi Aramco in the third quarter of 2024.Market sources indicate that Arabian Drilling…
AST Networks Expands into NavCom Systems
AST Networks has expanded into the navigation and communication (NavCom) system sector.The move reflects their commitment to providing comprehensive communication solutions that address the evolving needs of the marine industry. By integrating NavCom technologies with its existing suite of maritime IT solutions, AST Networks aims to offer unmatched operational efficiency, safety and compliance for maritime operators worldwide.
One Dead in Maersk Frankfurt Fire
The Panama Maritime Authority (PMA) has reported that one seafarer is dead after the newly built container ship Maersk Frankfurt suffered an explosion that caused a fire while navigating the Arabian Sea near the coast of India.“The ship's operator reports a body in the lashing bridge, but it is impossible to reach it because of the flames. The Indian authorities are focusing their efforts to fight the fire and guarantee the safety of the ship and the crew…
Danish Shipping Welcomes Re-elected Commission President
Ursula von der Leyen has been re-elected as President of the European Commission. Her political manifesto, presented shortly before the election, matches all the priorities of Danish Shipping for 2024-2029.Danish Shipping welcomes her continued prioritizing of the green transition, industrial policy, and competitiveness. Within 100 days, the Commission will present a Clean Industrial Deal aimed at accelerating emission reductions…
Malaysia Coast Guard Locates Tanker Involved in Collision
A tanker that was involved in a collision near Singapore last week entered the area of Malaysia's Bertam floating oil terminal on Monday morning after it was intercepted by local authorities on Sunday, shipping data from LSEG and Kpler showed.The Sao Tome and Principe-flagged supertanker Ceres I left the scene of a fiery collision with another tanker, the Singapore-flagged Hafnia Nile, on Friday.The Ceres I was found in Malaysian waters with two tugboats towing it…
China, Philippines Agree on 'Provisional Arrangement' for South China Sea Resupply Missions
The Philippines and China have "reached an understanding on the provisional arrangement" for resupply missions to a beached Filipino naval ship in the South China Sea, Manila's foreign ministry said in a statement on Sunday.The Department of Foreign Affairs (DFA) did not provide details on the arrangement for the Philippines' resupply missions to the Sierra Madre on the Second Thomas Shoal.But it said…
Russia Conducts Navy Drills in White Sea
Russian warships conducted training drills in the White Sea to convoy and defend a caravan of ships, state-run TASS news agency reported on Sunday, citing the Russian Defence Ministry, in what it said was routine combat training.During the drills two small anti-submarine ships, the Onega and the Naryan-Mar, practised organising combat usage of weapons and radio-electronic warfare equipment in a scenario of a simultaneous attack from air and sea."The day before, the small anti-submarine ships One
Curtin Maritime Names Sandra Grujic CFO
U.S. maritime services company Curtin Maritime announced it has appointed Sandra Grujic as its new chief financial officer and a member of the company's executive leadership team.Grujic brings a wealth of experience to the role, having previously served as a finance and accounting executive at Crowley"We are so excited to welcome Sandra to the Curtin Maritime family," said Martin Curtin, CEO at Curtin Maritime.
Fire Breaks Out On Maersk Containership Off Coast of India
Maersk on Friday said there was a fire incident on one of its chartered vessels sailing from Mundra, off the western coast of India to Colombo, Sri Lanka.The fire started due to a short circuit resulting in explosions and the death of a seaman from Philippines, local media said, adding that there were 21 crew members on board.The vessel is in stable condition, the company said in an emailed statement to Reuters."At the moment…
