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Carboline Names Juanjo Ardid President
St. Louis based coatings manufacturer Carboline announced it has named Juanjo Ardid as company president. Ardid succeeded Chris Tiernay, who led the company since late 2016, on June 24.Ardid had been employed by PPG since 1993 before joining Carboline. He was most recently based in Pittsburgh, Pa., as Vice President of Protective and Marine Coatings for the U.S. and Canada. Other prior roles include…
Rush to Prevent Oil Spill from Grounded Ship off South African Coast
Salvage operations were in high-gear on Thursday to prevent a potential oil spill and pollution along South Africa's west coast from a grounded general cargo vessel, authorities said.The Panama-flagged "Ultra Galaxy" ran aground close to Doring Bay, some 300 km north of Cape Town, late on Tuesday after it started listing badly.
CMA CGM Vessel Drops 44 Containers in Heavy Seas
French shipping and logistics company CMA CGM said on Thursday that its ship "Benjamin Franklin" had lost 44 containers in difficult weather conditions off the coast of South Africa on Tuesday."No injury to the crew has been reported, no pollution, no strong damage to the vessel which remains fully seaworthy," the company said, adding that 33 additional containers had been damaged.The ship was traveling…
Eni Hires ABL for Congo Floating LNG Transportation and Installation Verification
Energy and marine consultancy ABL has been appointed by Eni to provide marine warranty survey services (MWS) for the offshore transportation and installation (T&I) campaign for Phase 2 of the Marine XII Congo LNG development project.Phase 2 of the project envisages the fabrication, transportation and installation of a new floating LNG vessel (FLNG), a converted floating separation, storage and booster unit (FSU)…
Xeneta: Perfect Storm for Container Shipping
Global demand for ocean freight container shipping hit an all-time record in May amid soaring spot rates and severe port congestion.The 15.94m TEU transported by ocean in May beats the previous record of 15.72m TEU set in May 2021, according to data released by Xeneta and Container Trades Statistics.The record levels of demand in May brings year-to-date volumes to just under 74m TEU, which is an increase of 7.5% compared to the first five months of 2023.Emily Stausbøll…
Bad Weather Halts Container Movements Near Cape of Good Hope
Severe weather conditions near the Cape of Good Hope has brought container traffic to a halt this week according to analysis by LSEG Shipping Research.Since Monday, daily transit data and vessel location data via the LSEG Workspace Interactive Map show no containerships passing the Cape of Good Hope – adding to congestion and delays exacerbated by the Red Sea crisis. The Interactive Map layer shows marine weather and waves over 10 meters high.Fabrice Maille…
Monjasa Adds Two Tankers for West Africa Operations
Oil and shipping group Monjasa on Wednesday announced it has added two secondhand tankers to its owned fleet, in a move that targets growth in West Africa’s offshore industry.The vessels are the 17,200 DWT Monjasa Rover (formerly Fure Nord) and 7,858 DWT Monjasa Hunter (formerly Annelise Theresa), the latter of which joins as a unique fleet addition targeting length-restricted offshore oil and gas vessels in West Africa…
US Navy Officer Relieved After Ship Grounding off Gabon
The captain of U.S. Navy ship USS Hershel “Woody” Williams has been relieved of his duties after the ship went aground under his command earlier this year.The Navy is still investigating the incident, which saw the 784-foot Lewis B. Puller-class expeditionary mobile base vessel go soft aground near Gabon's port of Libreville on May 9. But it said "sufficient findings of fact emerged during the investigation to warrant the relief" of commanding officer Capt. Lenard Mitchell."The U.S.
Boskalis to Acquire Remaining Shares in Smit Lamnalco
Royal Boskalis B.V. on Monday announced it has reached a deal to take full ownership of marine services and towage provider Smit Lamnalco, after another deal for the company to be acquired by Spain’s Boluda Group fell through.Dutch dredging contractor and marine services firm Boskalis, which has held a 50% stake in Smit Lamnalco alongside joint owner Saudi Arabia's the Rezayat Group since 1964, said it signed an agreement to acquire all remaining shares in the company.
US Adds Six Companies to Trade Restriction List
The United States added six companies to its trade restriction list on Tuesday, including four for their links to the training of China's military forces, according to a government posting.Two of the companies are in China, one in South Africa, two in the United Arab Emirates and one in Britain.Global Training Solutions Limited and Smartech Future Limited, both in China, as well as Grace Air (Pty) Ltd and Livingston Aerospace Limited of the United Kingdom…
Esgian Week 27 Report: A Lull in Contracting
Esgian provides an update on the current lull in contracting in its Week 27 Rig Analytics Market Roundup.Report SummaryContractsAban Offshore-owned 250-ft jackup Aban II has received a letter of award (LOA) from Oil India for an offshore work program in Andhra Pradesh, India.Shelf Drilling North Sea has secured a new 17-month contract for the 400-ft Shelf Drilling Winner (previously known as Noble…
IMO Technical Cooperation Committee Advances Capacity Development Strategy
The Technical Cooperation Committee held its 74th session at IMO Headquarters in London from Junw 24 to 28 and made progress on the IMO Capacity-Development Strategy for providing technical support for Member States. The Committee approved a new title (IMO Capacity-Development Strategy) and structure for the document. The draft revised comprehensive strategy combines the existing Capacity-Building Decade 2021-2030 Strategy…
Hapag-Lloyd CEO Sees Solid Shipping Demand Driving up Freight Rates
Solid container shipping demand has driven up freight rates over the past two months, Hapag-Lloyd chief executive Rolf Habben Jansen said in a call with reporters on Wednesday.Attacks on vessels by Yemen-based Houthi militants have led shipping firms to avoid the Red Sea that connects with the Suez Canal and instead use a longer route around southern Africa, a situation whose end was hard to predict, he said."We have seen solid demand, particularly since May 1, that meets with limited availabili
Australian Senate Passes Live Sheep Export Ban
The Australian Parliament has now legislated an end date for live sheep export, with the Senate officially passing the Export Control Amendment (Ending Live Sheep Exports by Sea) Bill 2024 on Monday evening.From 1 May 2028, sheep will no longer be sent on long-haul journeys. The government has committed $107 million over five years for sheep producers and the supply chain to plan for and adjust to the phase out.
Red Sea Disruptions to Continue Into Q3, Maersk CEO Says
The coming months will be challenging for carriers and businesses, as disruptions to container shipping via the Red Sea continue into the third quarter, Danish shipping company Maersk said on Monday.Maersk and other shipping companies have diverted vessels around Africa's Cape of Good Hope since December to avoid attacks by Iran-aligned Houthi militants in the Red Sea, with the longer voyage times pushing freight rates higher."The longer that this lasts…
Ship Captain Reports Five Missiles Landed Nearby in Red Sea
A ship's captain reported that five missiles had landed close to his vessel in the Red Sea, 150 nautical miles (172 miles) northwest of the Yemeni port city of Hodeidah, the United Kingdom Maritime Trade Operations (UKMTO) monitor said on Friday.UKMTO said the ship had reported no damage and was heading northward.
America Must Renew its Commitment to Maritime
The United States must renew its commitment to a strong, reliable American maritime capability to confront emerging threats. China’s aggressive shipping expansion poses significant challenges to the United States and our allies. Global tensions have highlighted the vulnerability of maritime supply chains, and our domestic waterways remain a potential pathway for increasingly belligerent adversaries…
Cargo Vessel Attacked Near Yemen's Port of Hodeidah
A merchant vessel reported being hit by a projectile in the Red Sea off the coast of Yemen on Thursday, British security firm Ambrey said.No injuries or damage were reported in the incident, which occurred 84 nautical miles west of Yemen's port of Hodeidah, Ambrey added.The vessel was headed for city of Dammam in Saudi Arabia.The United Kingdom Maritime Trade Operations also said it had received a report of the incident.UKMTO added that the vessel and crew were reported to be safe and the vessel
Sovcomflot Says Its Ship Rescued Crew from Tanker Off Yemen
A ship operated by Russian shipping group Sovcomflot rescued the crew of a tanker taking in water off Yemen's coast this week, the state-owned company, which is under Western sanctions, said on Wednesday.Sovcomflot tanker NS Africa was sailing southeast of the port of Nishtun in southern Yemen on June 23 when it responded to a distress call by the Lavant tanker whose crew had abandoned ship and were in a life raft in the open sea."At 1410 local time, the crew of the tanker NS Africa ...
Does an OSV Newbuild Boom Loom?
The market for offshore support vessels has experienced tremendous development in the last couple of years. And while we expect the market to continue its positive journey, we would argue that, at least on an overall basis, the market has already recovered to healthy levels at the time of writing.There are solid underlying fundamentals that are driving the increased vessel demand, chief among them is the increased offshore upstream investment on a global level.
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
