Six Young People Take Part in “Empowering Minds” Project
Genoa-based shipping and logistics company, the Fratelli Cosulich Group, has officially started its Empowering Minds project.The post-graduate traineeship, managed by Corporate HR, offers a unique opportunity to the new generation approaching the workplace for the first time. The six selected young graduates have started this week, with lessons led by various internal experts acting as teachers. Over the next six months…
Long-Term Effects of ILA Longshoremen Strike on Consumers and the Economy: A Week-by-Week Breakdown
The International Longshoremen's Association (ILA) strike is creating a ripple effect around global trade networks, leading to major supply chain disruptions that affect both consumers and the broader economy. As the strike drags on for several weeks, its impacts become increasingly severe on industries, logistics, and international trade - with cascading effects lasting even after any potential settlement agreement has been made.
Fincantieri Delivers Warship Giovanni delle Bande Nere to the Italian Navy
Shipbuilder Fincantieri announced it delivered the fourth Multipurpose Combat ship (PPA), Giovanni delle Bande Nere, for the Italian Navy. The official handover took place at Fincantieri’s shipyard in Muggiano, La Spezia.The ceremony was attended, among others, by Vice Admiral Andrea Gueglio, Director of Italian Navy Military Personnel Directorate, by Admiral Chief Inspector Giuseppe Abbamonte, Director of the Naval Armaments Directorate - NAVARM, and Mr.
Scorpio Tankers Sells LR2 Vessel for $73.5 Million
Scorpio Tankers on Wednesday announced it has entered into an agreement to sell its 2019-built LR2 product tanker STI Lily to an undisclosed buyer.The sale price is $73.5 million and the sale is expected to close within the fourth quarter of 2024, the NYSE-listed shipowner said.Scorpio Tankers currently owns or lease finances 102 product tankers, including 39 LR2 tankers, 49 MR tankers and 14 Handymax tankers.
Naval Drones and the Battle for Crimea: Ukraine’s Strategic Counteroffensive
As the war between Ukraine and Russia rages on, the Black Sea has become a hotbed for naval operations, with Ukraine pioneering the use of naval drones in its fight to reclaim the Crimean Peninsula. These drones have emerged as a potent tool in disrupting Russian naval dominance, particularly around Sevastopol, the home base of Russia’s Black Sea Fleet.Ukraine's use of unmanned naval drones marks a significant shift in naval warfare.
Wilhelmsen Ship Management CEO Schou to Retire, Lenz Named Successor
Wilhelmsen Ship Management announced its chief operating officer Haakon Lenz will assume the role of CEO, succeeding Carl Schou, who is retiring after 19 years of service, including 16 years as CEO.Lenz will assume the role of CEO on January 1, 2025, and Carl Schou will remain with the company as a senior advisor for a period of six months.A naval architect with hands-on experience in ship management and global operations…
MSC Cruises in Hot Water Over Greenwashing
Sustainability claims by MSC Cruises, including that it targets "net zero by 2050" do not meet standards, the Dutch advertising board found on Wednesday in one of the first decisions against a cruise operator following a greenwashing complaint.MSC, a privately held Swiss-Italian firm that is among the world's largest cruise operators, said in a reaction it welcomed some parts of the decision and had…
US Dockworker Strike: Talks at a Standstill
A strike by 45,000 dockworkers halting shipments at U.S. East Coast and Gulf Coast ports entered its second day on Wednesday with no negotiations currently scheduled between the two sides, sources told Reuters.The lack of progress is raising concerns among those reliant on shipments that the disruption could be prolonged.The International Longshoremen's Association union strike has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas…
Operation Summerstock: Strengthening Security and Saving Lives
Summer is easily the busiest season for the U.S. Coast Guard. New England is no exception, people flock to the beaches to swim, and recreational boating is at its peak. Many destinations along the coasts are hot spots for tourism and increased safety checks by local Coast Guard units. However, sometimes people of coastal states forget that the Coast Guard's presence extends inward to our inland lakes and waterways.One of those inland bodies of water is Lake Champlain…
Robinson Heads Up Bunker Desk at Tankers International
VLCC pool Tankers International announced it has appointed Stephen Robinson to head up its bunker desk.Robinson will be UK-based and brings many years of experience to the business, having previously worked as managing director for both Bomin and Cockett Marine Oil.Matthew Smith, Chief Operating Officer, Tankers International, said, “Stephen Robinson brings with him a wealth of knowledge and strong…
White House Sides with Union as US Dockworker Strike Enters Second Day
President Joe Biden’s administration heaped pressure on U.S. port employers to raise their offer to secure a labor deal with dockworkers on strike for a second day on Wednesday, choking half the country’s ocean shipping.The strike by the International Longshoremen's Association (ILA) union has blocked goods from food to automobile shipments across dozens of ports from Maine to Texas, a disruption that…
UK Firm Orders New Aquaculture Vessel
Donegal, Ireland-based Seabound Engineering has been awarded a contract to build a new vessel for one of the largest mussel farming companies in the U.K.The 25-meter mussel harvester, designed by Rockabill Marine Design (RMD), is expected to be delivered by June 2026.“We are proud to collaborate with a major U.K. mussel producer and bring Rockabill Marine Design’s vision to life,” said Thomas Havlin, Managing Director of Seabound Engineering.
A-O-S Puts Second G-Class CTV to Offshore Wind Service on US East Cost
American Offshore Services (A-O-S) has deployed its hybrid-ready crew transfer vessel (CTV) to support the offshore wind industry on the U.S. East Coast.The M/V Generater CTV is the second vessel in the A-O-S’ G-Class series, which has been delivered from Metal Shark Boats in Louisiana.The G-Class vessels are designed to transport technical personnel and essential equipment to offshore wind farms,…
ICS Launches eLearning Academy
The world of maritime education and training continues to evolove, with the announcement last month that Lloyd's Register had acquired Ocean Technologies Group, and the announcement today that the International Chamber of Shipping (ICS) launches its ICS Academy to provide on-the-go access to practical e-learning to help shipping companies ensure best practices and regulatory compliance on board. The…
Vattenfall Signs Up Van Oord’s Jack-Up Vessel for Offshore Wind Servicing
Vattenfall has signed a multi-year framework contract with Van Oord for the charter of the jack-up vessel, MPI Resolution, which will be tasked with offshore wind turbine maintenance.The contract will provide guaranteed availability of the vessel for several months each year, primarily during the peak maintenance season from early March to late October.With an option to extend beyond the initial term…
North Star Invites Public to Coin the Name for ‘New Kid on the Dock’
North Star, ScottishPower Renewables and Siemens Gamesa have launched a competition for local people in East Anglia to suggest the name for a new hybrid-powered service operation vessel (SOV), bound for work at the East Anglia THREE offshore wind farm.The North Star SOV will accommodate up to 60 of Siemens Gamesa’s wind technicians as they work offshore maintaining all 95 wind turbines at the East…
BOEM Approves New Jersey's First Offshore Wind Project
The US Bureau of Ocean Energy Management (BOEM) has approved the Atlantic Shores South project plan to construct and operate two wind energy facilities.The Atlantic Shores South Offshore Wind Projects 1 and 2 have the potential to generate up to 2,800MW of renewable energy—enough to power nearly one million homes.“Securing these critical approvals enables New Jersey’s first offshore wind project to…
New Partnership Targets CO2 Tank Development
Provaris Energy and Yinson Production Offshore have agreed to develop storage tank solutions for the bulk storage and marine transportation of CO2.Yinson Production and Provaris will jointly evaluate the technical and economic viability of adapting Provaris’ proprietary tank design for compressed hydrogen to the bulk-scale storage and transport of compressed and liquid CO2.Provaris says that, currently…
Korean Firm Certifies Its Hybrid Offshore Wind CTV Design
Korean maritime service company MARCON has secured an approval in principle (AiP) from Korean Register (KR) for its crew transfer vessel (CTV), a passenger and cargo transport vessel dedicated to offshore wind farms.The CTV that received the AiP adopts an eco-friendly hybrid electric propulsion system using batteries.This addresses environmental regulatory issues while also offering fuel cost savings…
Container Spot Rates Plummet 43%
“The Shanghai Containerized Freight Index (SCFI) fell another 10% in week 39. In total, the SCFI has dropped 43% during the third quarter, the largest Q3 drop in a year not affected by the COVID pandemic (2020-2023) since the SCFI was launched in October 2009,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.The only third quarter to see a bigger decline in spot rates was in 2022 when a 24-month…
