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Maersk Bullish on India
Domestic reforms have slowed down India’s trade momentarily, thereby weakening domestic demand. However, A.P. Moller – Maersk expects Indian EXIM trade to pick up pace in the next quarter.
Metal Shark Wins $54 Mln US Navy Contract
Louisiana-based shipbuilder Metal Shark said it has been awarded a contract worth up to $54 million from the U.S. Navy to build Near Coastal Patrol Vessels (NCPVs) for U.S. partner nations through the Department of Defense Foreign Military Sales (FMS) program. Metal Shark’s proposal was selected by Naval Sea Systems Command from a field of six competing shipyards. Under the terms of the award, Metal…
Asia Tankers-VLCC Rates Supported by Floating Storage
Trafigura hires five VLCCs to store oil; short-term storage a profitable play. Freight rates for very large crude carriers (VLCCs) could creep higher as more ships…
Kenya Maritime Technology Centre Holds First Workshop
The newly established GMN project on maritime technology cooperation, run by IMO and funded by the European Union, has held its first ever national workshop in Mombasa, Kenya (19-20 June).
Crowley Names Manzi Vice President of SSQE
Crowley Maritime Corporation has appointed Paul S. Manzi as the company’s new vice president of safety, security, quality and environmental stewardship (SSQE), effective July 1. Manzi, who will be based in Jacksonville and report to Carl Fox, senior vice president, corporate services, succeeds Charlie Nalen, who is retiring after 36 years of service to Crowley. Reporting to Manzi will be Daniel Smith and Ketra Anderson, who are both directors of SSQE based in Seattle.
Energy-efficient Shipping in South African Curriculum
Maritime educators from South Africa are taking part in an International Maritime Organization (IMO) training workshop to introduce the topic of energy-efficient…
KOTUG Adds Fifth Infield Support Vessel
Towage operator KOTUG said it has acquired a fifth infield support vessels (ISVs) in Australia and East Timor, furthering its investment in offshore support. The new vessel, Coral Knight, will be bare boat chartered exclusively to Australian Maritime Systems Limited (AMS) to provide emergency towage services and maintain aids to the navigation network at the Great Barrier Reef for AMSA (Australian Maritime Safety Authority).
CSA Awards Vessel Safety
The U.S. maritime industry publicly recognized the merchant mariners responsible for safe ship operations at the Annual Safety Awards Luncheon held on June 7, 2017. In all, 211 people, representing 53 companies and their subsidiaries attended the annual industry-sponsored event where 1,582 vessels with 10,604 cumulative years of accident free operation were recognized. Since 1958, the Chamber of Shipping…
Asia Tankers-VLCC Rates Plateau, Could Edge Higher
Floating storage, West Africa cargoes support rates; further storage charters may push rates to W60. Freight rates for very large crude carriers (VLCCs), which were…
Seized Moroccan Ship to Stay in South Africa, Court Rules
A South African court ruled on Thursday that a seized ship carrying a Moroccan cargo of phosphate from the disputed Western Sahara should remain in port until the…
Inmarsat Enhances Installation Support Network
Inmarsat (LSE: ISAT.L) has responded to demand for its ground-breaking Fleet Xpress service by boosting from six to 33 the number of ports where a complete service installation with a flat fee is available. Fleet Xpress installation will now be available at 12 Asia Pacific ports, 11 in the Europe Middle-East and Africa region, and 10 ports in the Americas, with all work undertaken by Inmarsat-certified engineers.
Shipping’s ‘Perfect Storm’ is Brewing -Allianz
Large shipping losses have declined by 50 percent over the past decade, mostly driven by the development of a more robust safety environment by ship owners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. In 2016 there were 85 total shipping losses reported, down 16 percent from 101 a year earlier. The number of shipping incidents declined slightly year-on-year by 4 percent with 2…
Oil Spill Training Exercise in West Africa
A tanker collides with an unknown ship off the Ivorian coast, causing a major oil spill. This was the scenario of an oil spill training exercise that took place in Abidjan and Assinie…
CMA CGM Launches INDIAMED
CMA CGM has announced the launch starting July 2 of its new service between the East Mediterrane an, Djibouti, Arabian Gulf, Pakistan and India. The service is one…
Asia Tankers-VLCC Rates Await Market Pointers
Gulf tensions fail to ignite VLCC market; owners waiting for July MidEast cargoes that could buoy rates. Freight rates for very large crude carriers (VLCCs) face an uncertain week…
GTT to Equip Samsung-built FLNG
GTT said it has received an order from Samsung Heavy Industries (SHI) to equip a new Floating Liquefied Natural Gas unit (FLNG), reportedly the second biggest in the world.
Craig Joins Teekay Offshore Board
Teekay Offshore Partners L.P. announced that Ian Craig has accepted an invitation to join Teekay Offshore's Board of Directors, effective June 6, 2017. Craig has…
RoRo Ferry Delivered to Gambia
Damen has delivered a road ferry to a client in the Gambia more than a month ahead of schedule. The ferry was built entirely in the Netherlands to a very tight deadline, with the hull constructed in just 70 days at Damen’s subsidiary Niron Staal in Amsterdam. The outfitting was then carried out at Damen Shipyards Gorinchem. Operating from Banjul, the Gambian capital, to Barra, across the mouth of the Gambia River estuary…
Oil Slips on Mideast Rift Worries
Group of Arab states cuts all ties with Qatar; tankers going to/from Qatar barred from Fujairah port. Oil prices slipped further below $50 a barrel on Tuesday on…
Pirates Make a Comeback?
A new report by U.S.-based One Earth Future Foundation Inc.'s Oceans Beyond Piracy program found that seafaring incidents involving kidnap for ransom jumped in 2016.
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
