A CMA CGM containership allided with the pier Jawaharlal Nehru Port outside Mumbai, India on Saturday, causing damage to the pier and unknown damage to the ship. The vessel has been identified as the CMA CGM Mumbai, a 335-meter containership that was only recently delivered earlier this year. Reports say the ship was coming in […]
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Leslie to Hit Portugal as Strongest Iberian Storm Since 1842
By Brian K. Sullivan (Bloomberg) — After a three-week journey around the Atlantic Ocean, Leslie was on track to hit Portugal with winds of near-hurricane force — only the third time in 176 years that a storm this powerful has made it to the Iberian Peninsula. Storm warnings cover Portugal, according to the Portuguese Institute […]
Ulysse Heads to Port Day After Detaching from Containership in the Mediterranean
The roll-on/roll-off passenger ferry Ulysse has set sail for Tunisia after the vessel was cleared to leave the scene of its collision with a containership off the coast of Corsica in the Mediterranean last Sunday. The two ships became detached late Thursday evening for the first time since the incident. With the vessels seperated, we’re […]
Photos: Venta Maersk’s Passage of the Northern Sea Route
On 22 August 2018, the Maersk Line feeder ship Venta Maersk departed from the port of Vladivostok in Russia for its maiden voyage to northern Europe, where it will enter service in the North and Baltic Seas. However, instead of taking the usual route through the Suez Canal, the Venta Maersk headed north to the […]
Port of Long Beach Tops 8 Million TEU in FY2018
The Port of Long Beach closed out its 2018 fiscal year having handled 8,000,929 twenty-foot equivalent units (TEUs) during the previous 12 months. This figure represents a new annual record and is 10.7 percent increase over fiscal year 2017. “We are poised to break our calendar year record at the end of December,” said Port […]
U.S. Oil Exports to Asia May Fall Further After Surge in Tanker Rates
By Florence Tan and Jessica Jaganathan SINGAPORE, Oct 11 (Reuters) – Rising shipping rates have increased the costs of shipping oil from the United States to Asia and may further the restrict the flow of U.S. oil to the region later this year, multiple trade and shipping sources said on Thursday. Freight rates for tankers […]
Oil Majors Offload Gulf of Mexico Fields to Hunt Bigger Finds
By Kevin Crowley and David Wethe (Bloomberg) — Big Oil is giving up looking for singles and doubles in the Gulf of Mexico: Now it’s home runs or bust. Exxon Mobil Corp. and Royal Dutch Shell Plc, the world’s two biggest oil companies, have put a slew of assets in the Gulf up for sale […]