Spreading the High-Spec Joy
This week at MarineLink…A noteworthy vessel was introduced to the fixed-bottom offshore wind sector this week. The offshore installation vessel Boreas was delivered to Van Oord by Yantai CIMC Raffles Offshore in China. The vessel will be the largest of its kind once operational, and it is purpose-built for the transport and installation of foundations and turbines up to 20MW capacity turbines.China’s Dongfang Electric is already building 26MW turbines…
Taiwan Navy Showcases Top Ships in Drills
Taiwan's navy simulated on Thursday an effort to see off enemy ships as it wrapped up three days of New Year drills, sending two of its newest and most advanced warships to lead a flotilla into the Taiwan Strait.China, which views democratically governed Taiwan as its own territory, sends its air force and navy into the skies and waters near the island on a daily basis in what the government in Taipei…
Panama to Trump: The Canal is Ours
Hundreds of Panamanians marched on Thursday to mark the anniversary of a deadly uprising against U.S. control of the Panama Canal in 1964, with some protesters burning an effigy of President-elect Donald Trump who has threatened to retake the vital global waterway.More than 20 Panamanians, many of them students, died during violent clashes across the country in January 1964, which escalated after U.S. security forces opened fire in response to mass demonstrations against the U.S.
Denmark Admits Neglecting Greenland Defense
Denmark acknowledged on Thursday it had long neglected the defense of Greenland, a vast and strategically important Arctic island, after President-elect Donald Trump said acquiring the Danish sovereign territory was vital for U.S. security.Trump, who takes office on Jan. 20, said this week that U.S. control of Greenland was an "absolute necessity" and did not rule out using military or economic action…
Australia Blitzes Illegally Fishing Off Northern Territory
Over the past month, the Australian Border Force has intercepted 12 illegal foreign fishing vessels in waters off the Northern Territory, seizing over six tonnes of sea cucumber, 500kg of other catch, and over two tonnes of salt, which is used to preserve the catch.Operation LUNAR is multi-agency operation in the Northern Territory established on December 8, 2024 to target the increase in illegal fishing along the +10…
US Container Imports Strong, For Now
Descartes Systems Group has released its January Global Shipping Report, highlighting the continuing a trend of higher year-on-year container volumes throughout 2024.December 2024 U.S. container import volumes closed at 2,367,271 TEU, just shy of the 2.4 million TEU threshold that has typically strained port capacity. Despite elevated volumes, overall transit delays decreased across the top 10 U.S.
OP/ED: When it Comes to Offshore Energy, Be Careful What You Wish For
You just might get it.In the waning days of the Biden administration, the executive orders and such that get announced seemingly on a daily basis signal countless victories for that side of the equation. And, no matter which side of that great divide that you reside on, it is likely that some of those edicts will be quickly reversed by the incoming President. Of course, much of this is likely irreversible.
Wide Agreement for Proposed GHG Emissions Pricing Mechanism
The International Chamber of Shipping (ICS) has joined 47 governments in a joint submission to the final round of negotiations at the IMO on a GHG emissions pricing mechanism for international shipping.The joint text is supported by major shipping nations such as Greece, Japan, Korea and the United Kingdom, the world’s largest flag States including Bahamas, Liberia, Marshall Islands and Panama, all EU States (and the European Commission)…
Bulk Carrier Aground in Philadelphia
The U.S. Coast Guard is responding to the grounding of the 623-foot bulk carrier Algoma Verity approximately a mile north of the Benjamin Franklin Bridge in the Delaware River.At 6:30 p.m., Wednesday, Coast Guard Sector Delaware Bay watchstanders received a report from the pilot aboard the Algoma Verity stating the vessel had run aground. No injuries or pollution have been reported.The vessel was northbound with a cargo of approximately 45…
West P&I fully acquires Nordic Marine
West P&I Club announced the full acquisition of Nordic Marine Insurance (Nordic), a leading provider of fixed premium insurance for the marine industry, specializing in Delay Insurance, Primary Loss of Earnings, Hull and Machinery (H&M), Loss of Hire, Maritime Lien solutions and other specialist insurance products.West P&I initially acquired a significant stake in Nordic in 2020. The two organisations have worked closely together since then…
Capesize Segment Buoys Baltic Index
The Baltic Exchange's dry bulk sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Thursday, supported by higher capesize rates.The index, which factors in rates for capesize, panamax and supramax shipping vessels, edged up 3 points to 969 points.The capesize index was up 64 points at 1,164 points. Average daily earnings for capesize vessels, which typically transport 150…
Port of Oakland kicks off 2025 paid Internships
The Port of Oakland is excited to announce the kick-off of its 2025 paid Summer College Internship Program.Qualified applicants can competitively apply for summer internships in a variety of professional fields at the Port including Aviation, Communications, Engineering, Environmental Programs & Planning, Governmental Affairs, Human Resources, Technology & Innovation, Legal, Maritime Logistics, and…
Box Shipping Rates may fall as US Port Strikes Averted
Strikes at ports on the US East Coast and Gulf Coast, which would have caused an economic and supply chain crisis, have been called off – with ocean container freight rate growth now expected to slow or fall.The strikes were set to begin on 15 January and would have forced the closure of ports from Maine to Texas. This has now been averted after a tentative agreement over a new six-year master contract was reached between the International Longshoremen’s Association (ILA)…
Industry Praise for Outgoing INTERCARGO Chair
Leading figures across the dry bulk shipping sector have joined in paying tribute to Dimitri Fafalios, who concluded his chairmanship of the International Association of Dry Cargo Shipowners (INTERCARGO) on 31 December 2024 after six years of distinguished leadership.Industry leaders have praised Mr Fafalios's pivotal role in strengthening international shipping standards during a period of unprecedented change…
A Deep Dive into Dredging with DCA’s Doyle
There’s more to domestic dredging than meets the eye. Dredging Contractors of America CEO Bill Doyle is just the guy tell you why.William P. Doyle serves as the Chief Executive Officer of the Dredging Contractors of America (DCA). DCA represents the dredging industry on key issues before Congress and is an active partner to the U.S. Army Corps of Engineers, public port authorities, state and local governments…
DP World Shoots Over 100 Million TEU Capacity Mark
Port and logistics firm DP World has surpassed 100 million TEUs of container handling capacity across its global portfolio since inception.The achievement has been made possible due to over $11 billion in strategic investments and infrastructure development over the last decade.Over the past 10 years, DP World’s capacity has grown 33%, driven primarily by expansions and new greenfield developments as well as acquisitions.Starting with 75.6 million TEUs in 2014…
Kongsberg Consolidates Maritime Business Units
Kongsberg has unveiled plans to integrate the maritime-focused business Kongsberg Digital into Kongsberg Maritime to further align its portfolio with future customer needs and technological advancements in the maritime industry.The integration of Konsberg’s business units will take place in the first quarter of 2025.The business to be transferred represented revenues of approximately $53 million in 2023. The transfer involves around 500 employees located in 14 countries.
