President Donald Trump has announced his intention to nominate Mark H. Buzby of Virginia to the position of Maritime Administrator at the Department of Transportation's Maritime Administration (MARAD). Rear Admiral Buzby is a retired Navy Rear Admiral with 34 years of experience serving in at-sea billets, primarily in cruisers and destroyers. During his career, Buzby … [Read more...]
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Shipping Industry Unites to Propose Ambitious CO2 Reduction Objectives to IMO
Four prominent international trade associations have banded together in issuing a joint proposal to the UN International Maritime Organization (IMO) concerning ambitious CO2 reductions by the international shipping sector, which is responsible for transporting about 90% of global trade and 2.2% of the world's annual man-made CO2 emissions. The four associations issuing … [Read more...]
Norwegian OSV Mega-Merger Completed
The world's largest high-end offshore service vessel company was created Wednesday with the completion of the mergers involving former Norwegian offshore shipping companies Farstad Shipping, Deep Sea Supply and Solstad Offshore, with the latter being the surviving entity. The new company, named Solstad Farstad ASA, will operate out of Skudeneshavn, Norway with a fleet of 152 … [Read more...]
Two Shipping Companies to Pay $1.9 Million Fine Over Illegal Dumping, Cover-Up
Two international shipping companies have pleaded guilty in U.S. federal court in Beaumont, Texas to violating the Act to Prevent Pollution from Ships (APPS) and obstruction of justice related to the covering up the illegal dumping of oil-contaminated bilge water and garbage from one of their ships visiting U.S. ports. The two companies, Egyptian Tanker Company and Thome … [Read more...]
World’s First Remotely-Controlled Commercial Vessel Put to the Test in Copenhagen
Rolls-Royce and global towage operator Svitzer have demonstrated what is believed to be the world's first remotely operated commercial vessel, Svitzer Hermod, in Copenhagen, Denmark, Rolls-Royce said Tuesday. During the demonstration earlier this year, the 28-meter-long tugboat safely conducted a number maneuvers in Copenhagen harbor while controlled by a Captain … [Read more...]
Fitch: Container Shipping Freight Rates Rise, Capacity Still Key
LONDON, June 20 (Fitch) Container shipping companies have benefited from a modest increase in freight rates since the start of the year, but a sustainable recovery in the container market will only be achieved by reaching a viable supply/demand balance through capacity cuts, Fitch Ratings says. Container transport volumes outstripped capacity growth in 2016 for the first … [Read more...]
ICS Urges IMO to Finalize Ballast Water Implementation Dates
The global shipping industry is urging the International Maritime Organization (IMO) to back a proposal to push back the implementation dates for installing new ballast water treatment systems on ships by two years to 2024, the International Chamber of Shipping (ICS), whose member shipping companies operate over 80% of the world's merchant tonnage, said on Monday. “If this … [Read more...]