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Mercy Ships' New Hospital Ship Completes Sea Trials
Mercy Ships announced that its newly built hospital ship Global Mercy has completed sea trials leading up to delivery, equipping, maiden voyage and launch into service to sub-Saharan Africa in 2022.The first-of-its-kind 174-meter vessel, designed by Finnish naval architect Deltamarin and built at the Tianjin Xingang Shipyard in China, is the world’s largest purpose-built civilian hospital ship. It has a beam of 28.6 meters…
How Event-driven Technologies Can Transform the Shipping Industry
The Suez Canal blockage laid bare many of the challenges being faced by the global shipping industry today. With 12% of global trade passing through the canal each day, the total revenue lost from delayed, damaged or lost goods due to its blockage is estimated to be up to $10 billion. Many of the organizations that faced a logistical nightmare in the face of the Ever Given blockage struggled to respond…
Egyptian Court Rejects Appeal Against Ever Given Detention in the Suez Canal
An Egyptian court on Tuesday ruled that the containership which blocked the Suez Canal in March could continue to be held in the waterway, rejecting an appeal by its Japanese owner against its detention, a judicial source said.The Ever Given, one of the world's largest container ships, got jammed across the canal on March 23 and remained stuck for six days, stopping traffic in both directions.It has been held in a lake between two stretches of the canal since being dislodged on March 29…
Siem Spearfish Lands Gulf of Mexico Contract
Norwegian based Siem Offshore said it has entered into a contract with an undisclosed subsea construction company for an offshore project in the Gulf of Mexico.The project will utilize the Bahamas-flagged offshore support and construction vessel (OSCV) Siem Spearfish for a scope of work consisting of subsea and remotely operated underwater vehicle (ROV) duties. The contract has been awarded under a minimum duration of 110 days…
Near-term Trading Environment Positive, DP World Says
Global port operator DP World on Thursday said the near-term trading environment was positive as it reported a 10.2% increase in first-quarter shipping containers volumes.The Dubai state-owned company handled 18.9 million shipping containers in the January-March period, compared to 17.2 million in the same period a year earlier."This performance is ahead of expectations and illustrates the resilience of the global container industry…
What Does the Future Look Like for LNG Projects in Mozambique?
What are the implications of the conflict in Cabo Delgado for maritime security in East Africa and the Mozambique Channel?Following the recent attacks on the coastal town of Palma in March-April by Ahlu Sunnah Wa-Jamamah (ASWJ) insurgents in Mozambique’s troubled Cabo Delgado region, it is pertinent to assess the future trajectory of the conflict in the commercial maritime domain and the challenges it may pose to trade within the region.
Fagan Nominated as USCG Vice Commandant
Vice Adm. Linda L. Fagan has been nominated by the White House to be the next Vice Commandant of the U.S. Coast Guard. She would become the first Coast Guard female four-star admiral and the third woman to serve as Vice Commandant.Pending confirmation, Fagan is expected to relieve current Vice Commandant of the Coast Guard Adm. Charles W. Ray on June 18.“Vice Adm. Fagan is an outstanding leader with 36 years of Coast Guard operations…
Coverage for Suez Canal Supply and Trade Disruptions
The six-day blockage of the Suez Canal by the Ever Given has resulted in numerous trade and supply chain disruptions for businesses that depend on timely shipments. At least 400 cargo ships were stuck and many forced to reroute. Businesses may be protected from lost profits and the costs of these interruptions and supply chain delays by insurance.Businesses that depend on the Suez Canal to deliver their cargo, commodities and products face billions of dollars of lost profits and damages.
Ever Given Held in Egypt as Compensation Talks Continue
A ship that blocked the Suez Canal for almost a week in March has not been given clearance to leave the waterway as discussions continue over a compensation claim…
China is Paying a High Price for Its Ban on Australian Coal
China is paying a high price for its unofficial ban on coal imports from Australia, with the cost of domestic and alternative foreign supplies rising for both thermal and coking grades of the fuel.China, the world’s biggest importer, producer and consumer of coal, has effectively ended imports from Australia, the biggest shipper of coking coal used to make steel and number two in thermal coal used to produce electricity…
Reinsurers Set to Bear Brunt of Costs for Suez Canal Grounding
Reinsurers are set to foot most of the bill for the grounding of the ship that halted traffic in the Suez Canal, industry sources said, with payouts expected to run into hundreds of millions of dollars.International supply chains were thrown into disarray when the 400 meter Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free the vessel.Around 400 vessels were affected by the canal’s closure…
Mackay Marine to Rep Raytheon Anschütz in South Africa
Mackay Marine said it finalized the agreement with Raytheon Anschütz GmbH, establishing Mackay Marine South Africa (Pty) Ltd. as a Raytheon Anschütz Sales and Service Distribution Partner.Although Mackay Marine South Africa is Mackay’s newest global branch (opened in September 2020), their technical and sales teams have long established relationships with marine customers in South Africa, formerly known as Dynamic Marine Systems.
Top Three Takeaway Lessons From the Suez Canal Blockage
For a week the world was gripped by the extraordinary sight of a massive container ship that had run aground in the Suez Canal in Egypt. The Ever Given is 400m long (1,312ft) and weighs 200,000 tonnes, with a maximum capacity of 20,000 containers. It was carrying 18,300 containers when it became wedged in the canal, blocking all shipping traffic. Efforts to free it finally paid off when it was partially dislodged in the early hours of Monday 29 March.
The Ever Given is on the Move; the Suez Canal Reopens
A largescale salvage operation has freed one of the world's biggest containerships from blocking global trade through the Suez Canal, services firm Boskalis said Monday, enabling the resumed flow of maritime commerce through one of the world’s most important shipping arteries.At high tide on Monday, a team of tugboats was able to dislodge the 20,000 TEU Ever Given's bulbous bow from the bank of the canal where it had been stuck for nearly a week.
Backlogs from Suez Closure Could Take Months to Clear
The stranding of a container ship in the Suez Canal has created disruptions in the global shipping industry that could take weeks and possibly months to clear, top container shipping lines said.Around 30% of the world’s shipping container volume - including goods like sofas, consumer electronics, apparel and shoes - moves through the 193 km (120 miles) Suez Canal daily. Empty containers, which Asian factories need to ship goods…
The Suez Canal: A Vital Transit Route With an Ancient History
The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal Authority, is a vital source of foreign currency for Egypt.How much oil goes through the canal?Of the 39.2 million barrels per day (bpd) of crude oil imported by seaborne methods in 2020…
Suez Canal Blockage Adds Strain to Global Supply Chains
A stuck container vessel in the Suez Canal, which has blocked the flow of goods through the narrow channel, will add strain to global supply chains already stretched by rebounding economic activity and tight shipping container supplies, analysts said on Friday.The 400-metres long Ever Given container vessel has been stuck in the canal since Tuesday, suspending traffic of containers transporting goods…
Hamburger Lloyd Sells Two Ships to Hapag-Lloyd
Hamburger Lloyd is selling the two widebeam containerships, RHL Constantia (IMO-No. 9495765) and RHL Calliditas (IMO-No. 9495777), to Hapag-Lloyd AG. Hamburger Lloyd will remain responsible for the technical management and crewing of the two freighters. With the purchase of the Constantia and the Calliditas, Hapag-Lloyd AG is expanding its fleet to a total of 17 units in the 4000-6000 TEU ship segment.
South African Navy’s New Patrol Vessel Launched
Damen Shipyards Cape Town (DSCT) on Thursday launched the first of three Multi Mission Inshore Patrol Vessels (MMIPV) procured by ARMSCOR for the South African Navy (SAN).The vessels will augment South Africa’s maritime security by enhancing the country’s capability to respond effectively, rapidly and cost-effectively to threats such as illegal trafficking and fishing.The more than 600-ton vessel was…
Ship Blocking Suez Canal Could Be Stuck for Weeks
A containership blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.The 400-meter Ever Given, almost as long as the Empire State Building is high, is blocking transit in both directions through one of the world's busiest shipping channels for oil and grain and…
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
