Monday, June 21, 2021
zim alibaba cooperation agreement
Shipping

ZIM and Alibaba Extend Direct Sea Freight Agreement

Israeli liner shipping company ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) and e-commerce giant Alibaba.com will extend their cooperation agreement for two more years. The agreement, which has been in...

Monday, June 21, 2021
Total Views: 1096

ever given salvage
Maritime News

Ever Given Owners Make New Offer To Suez Canal Authority

ISMAILIA, Egypt June 20 (Reuters) – The owners of a container ship that blocked the Suez Canal in March have made a new offer in a compensation dispute with the...

June 21, 2021
Total Views: 17188

containership
Environment

Trafigura Calls on IMO to Up the Pace on CO2 Curbs

By Jack Wittels (Bloomberg) — Trafigura Group said the shipping industry’s regulator needs to act with ‘lightning speed’ to cut carbon emissions from an industry that spews more C02 into the...

June 21, 2021
Total Views: 623

Sponsored

The ‘Ever Given’ Will Ruin More Than Just a Muddy Canal

by James E. Mercante, Esq. No one sets sail expecting to be involved in a marine accident, but even the most experienced mariners will find themselves in need of a...

June 21, 2021
Total Views: 10391

shipping-containers-konrad
Maritime News

Container Tracking Startup Raises $240m From Softbank

In 2019 the ocean logistics unicorn Flexport secured $1 Billion in Funding Led by Japan’s SoftBank Vision Fund, now the legendary startup bank has announced a big investment in the...

June 21, 2021
Total Views: 2000

Friday, June 18, 2021
Cruise Ships

Florida Wins Reprieve From CDC’s Limits on Cruises

By Jonathan Levin (Bloomberg) — Florida won a temporary freeze on a set of CDC coronavirus rules for the cruise industry, potentially easing the companies’ path back to the sea. The...

June 18, 2021
Total Views: 3411

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Friday, June 18, 2021
stena scandica
Shipbuilding

Lengthened Ro-Pax ‘Stena Scandica’ Ready for Baltic Sea Service

Stockholm-based Stena RoRo has taken delivery of the lengthened roll-on/roll-off passenger vessel (Ro-Pax) Stena Scandica to operate in the Baltic Sea. Formerly named Stena Lagan, the ship arrived at Sedef...

June 18, 2021
Total Views: 3932

tanker at sea
Environment

Shipping Industry Urges Governments to Act Swiftly on $5 Billion Decarbonization Fund

With the conclusion of the International Maritime Organization’s MEPC 76 meeting, several major shipping industry bodies are calling on governments to make good on their word and not waste any...

June 18, 2021
Total Views: 2312

deepwater asgard
Offshore

U.S. Safety Agency Blames Deepwater Drillship Accident on Decision to Ride Out Hurricane

The U.S. Bureau of Safety and Environmental Enforcement (BSEE) has released findings from its investigation into a serious weather-related accident on board the Transocean drillship Deepwater Asgard last fall. The...

June 18, 2021
Total Views: 9832

shipping container
Shipping

Mitsubishi HC Capital Pays Premium to Acquire Container Leasing Giant CAI International

Tokyo-based finance firm Mitsubishi HC Capital Inc. will acquire all outstanding shares of CAI International (NYSE: CAI), one of the world’s leading marine container leasing companies, for $56 per share...

June 18, 2021
Total Views: 2008

container ship
Environment

Shipping Watchdog’s Plan to Make a Plan to Tackle CO2 Emissions from Ships Confounds Outsiders

By Jack Wittels (Bloomberg) — Under pressure to decarbonize a global shipping industry that emits more CO2 each year than the U.K. and France combined, the world’s governments agreed a plan...

June 18, 2021
Total Views: 1556


Friday, June 18, 2021
Old Glory towing vessel
Accidents

NTSB: Inadequate Navigational Assessment Led to Barge Striking Bridge in Florida

Inadequate navigational assessment that did not identify the risk of strong cross currents led a towing vessel and barge striking a bridge near Fort Pierce, Florida last August, the National...

June 18, 2021
Total Views: 2452

Potential Tropical Cyclone Three 2021
Offshore

Season’s First Tropical Storm Warnings Issued for Gulf Coast

By Brian K. Sullivan (Bloomberg) — The U.S. Gulf coast is getting its first tropical-storm warnings of the year, stretching from Louisiana to Florida, including New Orleans, the National Hurricane Center...

June 18, 2021
Total Views: 1199

shipping containers
Shipping

‘Yantian Effect’ Could Cause Shortage of Goods as Freight Rates Set to Stay High

By Nick Savvides (The Loadstar) – Chronic congestion in Asia, particularly at Yantian, the US and Europe will force rates higher and will most likely lead to shortages of low-value goods no...

June 18, 2021
Total Views: 2582

Thursday, June 17, 2021
Sponsored

Why are containers lost at sea?

This post is brought to you by DTN and ABB who will be speaking on these issues at an upcoming webinar hosted by gCaptain on Tuesday, June 22, 2021. You...

June 17, 2021
Total Views: 23555

Shipping

Spain Detains Tanker for Dumping Oil Off Canary Islands

MADRID, June 17 (Reuters) – Spain has detained a tanker ship for illegally dumping fuel in waters off the Canary Islands and creating a 55-square km (21 square miles) oil...

June 17, 2021
Total Views: 4588

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Thursday, June 17, 2021
IMO greenhouse gas emissions
Shipping

MEPC 76: Everything You May Have Missed

The International Maritime Organization’s Marine Environment Protection Committee has concluded its 76th meeting (known as MEPC 76), held remotely from June 10-17, to consider new measures to tackle climate change,...

June 17, 2021
Total Views: 2669

maersk arctic
Shipping

IMO Adopts MARPOL Amendments to Ban Heavy Fuel Oil in the Arctic

The International Maritime Organization’s (IMO) Marine Environment Protection Committee (MEPC 76) has agreed to prohibit the use of heavy fuel oil in the Arctic, although certain exemptions mean a complete...

June 17, 2021
Total Views: 1628

imo headquarters
Environment

IMO Adopts New Measures to Cut Ship Emissions as Critics Call for More

The IMO’s Marine Environment Protection Committee (MEPC 76) adopted amendments to the International Convention for the Prevention of Pollution from Ships (MARPOL) Annex VI that will require ships to calculate...

June 17, 2021
Total Views: 1355

Offshore

Great Lakes Dredge & Dock to Pay $1 Million for Causing 2016 Bay Long Oil Spill

Houston-based Great Lakes Dredge & Dock Company (NASDAQ: GLDD) has plead guilty in the Eastern District of Louisiana in connection with an oil spill it caused in 2016 along the Texas...

June 17, 2021
Total Views: 2024

cargo ship emissions
Shipping

HFO Getting a Boost From Beijing and Hot Weather

By Elizabeth Low (Bloomberg) — High-sulfur fuel oil markets are getting a boost as Chinese private refiners hunt for more straight-run fuel oil to use as a feedstock, and a sweltering...

June 17, 2021
Total Views: 1136