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FONASBA Elects New President
The Federation of National Associations of Ship Brokers and Agents (FONASBA) elected a new president and board at its annual meeting in Athens last month.Fulvio Carlini of Italy has succeeded Javier Dulce as FONASBA’s President, and the FONASBA Board now consists of the following members:Fulvio Carlini, President (Italy)Javier Dulce, Past President (Argentina)Botond Szalma, Executive Vice-President (Hungary)Dureid Mahasneh…
Analysts: Trump Hardening Iran Policy Might Not Stem Flow to China
Former President Donald Trump's return to the White House could mean tougher enforcement of U.S. oil sanctions against Iran, potentially trimming global supplies, but his administration could struggle to get China, Iran's top crude customer, to cooperate, analysts said.Cracking down on OPEC-member Iran would support global oil prices, but the effect could also be offset by other Trump policies, from measures to expand domestic drilling…
Chevron Expands Lubricant Supply to Port Elizabeth
Chevron Marine Lubricants has extended its global supply capacity to include Port Elizabeth, South Africa, to serve vessels avoiding current conflict areas.Chevron’s current range of marine engine lubricants, including the Taro Ultra range, will be available to ships calling at the multi-cargo port which is located on the western perimeter of Algoa Bay.The port is operational 363 days a year. In addition to bulk and container handling…
Clean Up Vessels are Smarter than Fishing for Trash
There is a small but global fleet of clean up boats preventing trash from flowing into the ocean. More than that, these battery-powered, autonomous boats are performing a growing range of other tasks.For the developers of Clearbot, the inspiration to be involved in removing trash from waterways arose from personal experience. They had watched villagers in India catching fish in rivers carpeted with…
Maersk CEO: No Return to Red Sea Shipping Expected until ‘Well Into 2025’
A.P. Moller-Maersk expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade, with prolonged re-routing of shipments pushing freight rates higher and causing…
KOTUG Gets BP’s Call for Greater Tortue Ahmeyim Gas Project
Dutch company KOTUG International has secured a contract from BP to provide marine services to the Greater Tortue Ahmeyim (GTA) project offshore Mauritania and Senegal.KOTUG International and its local Senegalese partner Maritalia have been awarded a long-term fixed-term contract, with extension options, to provide marine services to one of Africa’s deepest subsea development.KOTUG will deploy four RAstar 32m azimuthing stern drive (ASD)…
Container Shipping Carbon Emissions Reach Record High
The ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ocean container supply chains resulted in record high carbon emissions from the ocean container shipping industry in Q3.The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissions across Xeneta’s top 13 ocean container shipping trades, hit 107.9 points in Q3 – the highest…
Hapag-Lloyd Raises Outlook on Stronger-than-expected Demand
International shipping company Hapag-Lloyd raised its full-year earnings guidance on Thursday citing stronger-than-expected demand and higher freight rates.Despite increased expenses from the diversion of vessels around the Cape of Good Hope, Hapag-Lloyd says it now expects earnings before interest, taxes, depreciation, and amortisation (EBITDA) for 2024 of between $4.6 billion and $5 billion, up from previous guidance of $3.5 billion to $4.6 billion.However…
French Firm Secures Service Contract for Coral Sul FLNG Off Mozambique
GTT, the technology expert in membrane containment systems for the transport and storage of liquefied gases, has signed a service contract with Coral FLNG for Eni-operated Coral Sul FLNG unit.Under the agreement, GTT will provide technical support services to ensure the efficient operation and maintenance of the LNG storage tanks on board of the Coral Sul FLNG.These services include on-site and remote technical assistance…
Hapag-Lloyd, Maersk Cooperation Targets 90% Service Reliability
The two people leading Hapag-Lloyd and Maersk into the new Gemini Cooperation spoke at the Xeneta Summit in Amsterdam last week expressing confidence in the new alliance achieving its ambition of 90% service reliability.The Gemini Cooperation will begin operating on February 1 next year, with a new hub and spoke approach of mainliner and transshipment services designed to increase reliability.Rolf Habben Jansen…
LNG Carriers Shift Away from Arctic Routes as Winter Nears
Ships carrying Russian liquefied natural gas (LNG) to Asia are returning to the longer routes around Africa's Cape of Good Hope rather than those along the Arctic shore as the winter season begins, LSEG data showed on Thursday.Russia's new Arctic LNG 2 project also lacks enough ice-class gas carriers to continue navigation along the Northern Sea Route, although some such tankers still sail it.According to LSEG data, the conventional gas tanker LNG Megrez loaded at Yamal LNG plant on Oct.
Lalizas Opens New Safety Equipment Branch in Canada
A few months after the announcement of the acquisition of REVERE Survival in Jacksonville, LALIZAS announced the establishment of LALIZAS Canada, effectively enhancing the company’s presence in the Americas.Miguel Norato has been appointed as the Country Manager of LALIZAS Canada.LALIZAS, a family owned company, has the vision to produce high quality products that ensure safety at sea, and distribute them in international markets.
Watch: Four Tons of Cocaine Seized from Vessels Off the Canary Islands
Nearly four tons of cocaine were seized and 16 people arrested from a a pair of vessels off the coast of the Canary Islands.The major drug bust was a collaborative effort involving both French and Spanish customs under the authority of the Atlantic maritime prefect, in conjunction with the public prosecutor in Brest. The month-long mission involved customs officers on the Beechcraft KA350 aircraft…
Mr. Marine Names Laarhuis CEO
Mr. Marine announced it has appointed Charles Laarhuis as its new Chief Executive Officer, effective October 15. Laarhuis succeeds Karel Peters in leading the global operations of the testing, inspection and certification (TIC)organization.With a robust background in the maritime and oil & gas sectors, Laarhuis brings a wealth of experience to Mr. Marine. After several years at sea as a marine engineer…
Esgian Week 41 Report: Operators in Norway Preparing for Drilling
Esgian highlights that operators in Norway are preparing new wells for Odfjell Drilling, COSL and Saipem semisubs in its Week 41 Rig Analytics Market Roundup.Report SummaryContractsShelf Drilling has secured new contracts for its 350-ft jackups Shelf Drilling Achiever and Adriatic I offshore Nigeria.Drilling Activity and DiscoveriesThe Norwegian Environment Agency (Miljødirektoratet) has received an…
Global Orderbook Likely to Shrink
VesselsValue has released its Q4 2024 Market Outlook indicating a forecast period up to 2027 which suggests a mixed outlook across different vessel types.The company anticipates that orders for bulkers and tankers will gain momentum, while demand for containers and LNG/LPG vessels will decline. Despite the expected rise in bulker and tanker orders, the overall orderbook will likely shrink due to a surge in deliveries for container and gas vessels.Geopolitical tensions…
Billions in Lost Treasure: How Modern Technology Is Revealing Hidden Riches from the Depths!
Oceans worldwide hold untold riches hidden beneath the waves. Now treasure hunters are using cutting-edge technology to explore them, discovering some of history's most treasured sunken finds from Caribbean waters to Arctic depths rewriting maritime history and uncovering fortunes lost at sea.According to estimates by marine archaeologists and treasure hunting experts, the value of treasure lying beneath the waves could range anywhere between $60 billion to over $100 billion.
Prepare for Attack: Houthis Issue Email Alert to Shipping Fleets
On a warm spring night in Athens, shortly before midnight, a senior executive at a Greek shipping company noticed an unusual email had landed in his personal inbox.The message, which was also sent to the manager's business email address, warned that one of the company's vessels travelling through the Red Sea was at risk of being attacked by Yemen's Iranian-backed Houthi militia.The Greek-managed ship…
Sanctioned LNG Carrier Passes via Suez Canal
The Pioneer tanker, sanctioned by the United States over its links to Russia-sourced liquefied natural gas (LNG), has passed through the Suez Canal with an LNG cargo, LSEG data showed on Monday.The source of the LNG and Palau-flagged Pioneer's destination were not immediately clear. The tanker is registered to Zara Shipholding Co, which has offices in Dubai and India's Mumbai.Shippers have largely…
Seakeeper Opens Dealer Training Site in Italy
Seakeeper, a developer of marine motion control systems, has launched a new training facility in San Salvatore, Italy. This European location will enhance training access for partners outside North America, helping to build a global network of skilled technicians to support Seakeeper’s expanding customer base.“Our dedication to continuous improvement goes beyond our products; it’s also about the people who support them,” said Seakeeper president and CEO Andrew Semprevivo.
Maritime Piracy
Houthi Rockets Wreak Havoc on Middle East Container Shipping
Narco-Submarines: The Hidden Depths of Drug Trafficking
Drug Smuggling on Ships and Submarines: An Escalating Threat
Maersk revises profit forecast upwards due to robust demand and disruptions in the Red Sea.
Global Shipping Carriers Are Feeling the Impact of the War in Ukraine and the Middle East
Maritime Piracy in the Horn of Africa:
Houthis Declare All-Out War on Israeli Shipping, Vowing to Strike Beyond Red Sea
Injustice at Sea: Greek Court Drops Charges in Deadly Migrant Shipwreck
