Monday, November 9, 2020
vlcc tanker
Maritime News

Ownership Shake-up at Tanker Pool Operator Heidmar

Heidmar Chief Executive Officer Pankaj Khanna has taken full control of the tanker pool management company from shipping billionaire George Economou. The company announced Monday that Mr. Pankaj Khanna has...

November 9, 2020
Total Views: 90

container port
Interesting

Danaos a Big Winner as Containership Charter Rates Soar

By Mike Wackett (The Loadstar) – With freight rates soaring, ocean carriers are prepared to pay more than double previous daily hire rates for chartered ships to secure tonnage and...

November 9, 2020
Total Views: 373

cargo containers
Maritime News

Container Crunch Roiling Transpacific Trade

By Brendan Murray (Bloomberg) — The humble shipping container has a new status in the Covid-19 pandemic: hot commodity. Shortages of the ribbed steel boxes that have plied the global...

November 9, 2020
Total Views: 320

Accidents

VB10000 Starts Cutting Golden Ray Wreck

Update: Section One Cut Complete – Photos The heavy lift vessel VB10000 began cutting the Golden Ray on Friday more than a year after the car carrier wrecked in St....

November 9, 2020
Total Views: 5915

Saturday, November 7, 2020
Defense

Joe Biden Wins U.S. Presidency

By John Whitesides and Joseph Ax WASHINGTON, Nov 7 (Reuters) – Democrat Joe Biden captured the U.S. presidency on Saturday, several major television networks said, as voters narrowly rebuffed Republican...

November 7, 2020
Total Views: 67

Friday, November 6, 2020
Maritime News

Havyard Ditching Newbuilds for Service and Repair Work

Norwegian shipbuilder Havyard has announced plans ditch newbuilds and focus its operations on ship repair and service. Unfortunately, this will lead to downsizing of about 100 staff at the yard....

November 6, 2020
Total Views: 72

Maritime News

Shipping Livestock to China is Goal of Sudan’s $140 Million Port

A Chinese-built port for shipping livestock from Sudan’s Red Sea coast will be completed by year-end, the latest African component of Beijing’s Belt and Road Initiative, a Sudanese company official...

November 6, 2020
Total Views: 129

Maritime News

JP Morgan Orders 40 LNG-Fueled Barges at Damen Concordia

JP Morgan has placed an order for 40 self-propelled LNG-fueled tanker barges for charter to Shell. The order was placed Concordia Damen, the inland waterway specialist of Netherlands-based Damen Shipyards...

November 6, 2020
Total Views: 206

tanker
Maritime News

Oil Pares Weekly Gain on Virus Surge and Election Uncertainty

By Andres Guerra Luz By Andres Guerra Luz (Bloomberg) –Oil pared its weekly gain as a resurgent pandemic raised the risk of further demand destruction, while the market awaits the...

November 6, 2020
Total Views: 20

Environment

EU Eyes Huge Increase in Offshore Wind to Meet Climate Goals

By Kate Abnett BRUSSELS, Nov 6 (Reuters) – The European Union is considering a plan to increase its offshore wind energy capacity five-fold this decade and 25-fold by 2050, as...

November 6, 2020
Total Views: 42

Cruise Ships

Singapore’s Cruise to Nowhere, Er, Sets Sail

By Travis Teo SINGAPORE, Nov 6 (Reuters) – Hit by cabin fever, hundreds of Singapore residents itching to get out of the tiny country boarded a “cruise to nowhere” on...

November 6, 2020
Total Views: 82

IMO greenhouse gas emissions
Interesting

IMO Charting Passage Plan for Reducing Shipping’s ‘Carbon Intensity’

By Barry Parker – Over the past year, “sustainability” has ratcheted upward to the top of the shipping industry’s radar. The activity will be ramping up now as the International...

November 6, 2020
Total Views: 307

Thursday, November 5, 2020
Accidents

Abandoned Life Raft Prompts Coast Guard Search Off North Carolina

A search is underway for possible missing people after a six-person liferaft was spotted in the ocean about a mile off North Carolina. The life raft was reported by a...

November 5, 2020
Total Views: 114

Accidents

Golden Ray Cutting Awaits Weather Window

The work to cut up and remove the Golden Ray from St. Simons Sound, Georgia is about to kick into high gear as crews await a weather window and deal...

November 5, 2020
Total Views: 584

lng carrier
Maritime News

Cleaning Up LNG Becomes a Target of EU in Blow to U.S. Exporters

By Ewa Krukowska (Bloomberg) — The European Union is looking at ways to put pressure on global exporters of liquefied natural gas to reduce their greenhouse gas footprint, part of...

November 5, 2020
Total Views: 87

Maritime News

Venezuelan Oil Tanker Undergoes Repairs in Cuba After Catching Fire

Nov 5 (Reuters) – An oil tanker owned by Venezuelan state oil company Petroleos de Venezuela’s maritime division is undergoing repairs in Cuba after suffering a fire while discharging last...

November 5, 2020
Total Views: 267

Maritime News

Shipping Fuel Demand Back to Pre-Pandemic Levels -Traders

By Roslan Khasawneh SINGAPORE, Nov 5 (Reuters) – Asian refiners’ profit from producing very low sulphur fuel oil (VLSFO) climbed to six-month highs this week as output cuts keep supplies...

November 5, 2020
Total Views: 45

Suiso Frontier hydrogen ship
Maritime News

Germany Looking at Ammonia to Deliver Green Fuel for Industry

By Brian Parkin and Vanessa Dezem (Bloomberg) — Germany is looking at using ammonia and methanol as ways to deliver hydrogen as a clean-burning fuel for industry, part of its...

November 5, 2020
Total Views: 130

shipping container
Maritime News

Shippers Face Record Rates and Surcharge Surge

By Mike Wackett (The Loadstar) – With shippers facing skyrocketing container freight rates and premium fees across main and secondary trades, ocean carriers are now pummelling their customers with a...

November 5, 2020
Total Views: 79

Accidents

Wakashio’s Stern Removal Expected to Be Completed by Spring as Contract Awarded

A contract to remove the stern of the Wakashio has been awarded in Mauritius as the salvage and clean-up continues more than three months after the ship grounded. The contract...

November 5, 2020
Total Views: 131