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Sunday, April 4, 2021
Seadrill Proposes Debt Write-Off in Bankruptcy Court -Report
By Rafaela Lindeberg (Bloomberg) — Offshore contractor Seadrill Ltd., owned by billionaire John Fredriksen, is proposing a debt write-off of just over $4.8 billion, according to Finansavisen. The proposal, sent to the U.S....
Friday, April 2, 2021
Golden Ray Wreck Removal Returns to Stubborn ‘Section Seven’ as Operation Drags On
If you want to know how bad the Ever Given situation in the Suez Canal could have got, look no further than the MV Golden Ray in the United States....
First Large-Scale Offshore Wind Project in U.S. Selects DEME-Foss Partnership for Wind Turbine Installation Work
The first large-scale offshore wind farm in the United States has selected a U.S.-based arm of Belgian marine services provider DEME to transport and install wind turbine generators for the...
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Suez Ripples Raises Rates for All ContainershipsApril 9, 2021
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Second Engineer - Mercy Ships - Dakar, SenegalMarch 25, 2021
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Friday, April 2, 2021
Suez Canal Says it is Close to Clearing Ship Backlog
CAIRO, April 2 (Reuters) – The Suez Canal said on Friday it was close to clearing a backlog ofshipping that built up when a giant container ship was grounded in the...
Maersk Urges U.S. East Coast Ports to Use Suez Canal Delays to Clear Congestion
The world’s top shipping line Maersk is urging congested U.S. East Coast ports to use the Suez Canal delays to clear cargo from terminals. With shipping resumed through the Suez...
Royal Caribbean Sees ‘Overwhelming Demand’ for Singapore’s Cruise to Nowhere
By Joyce Koh (Bloomberg) — Royal Caribbean Cruises Ltd. is extending the season for one of Asia’s largest cruise ships, because of what it said was “overwhelming demand” for its voyages...
Germany to Propose Rebuilding Port of Beirut After Chemical Explosion
By John Irish, Joseph Nasr and Ellen Francis PARIS/BERLIN/BEIRUT, April 2 (Reuters) – Germany will next week present a multi-billion-dollar proposal to Lebanese authorities to rebuild the Port of Beirut...
Biden’s Infrastructure Proposal Includes $17 Billion for Ports and Waterways
President Biden on Wednesday announced a more than $2 trillion jobs-creating infrastructure proposal which the administration says will add millions of jobs and position the United States to out-compete China....
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Thursday, April 1, 2021
Fitch: Soaring Shipping Costs Add To Near-Term Global Inflationary Pressures
Supply chain bottlenecks in global shipping and semiconductor markets are adding to near-term pressures on inflation, says Fitch Ratings in a new report published Thursday. With global manufacturing demand is...
MSC Warns Against Arctic Shipping Amid Debate Over Suez Canal’s Closure
Swiss shipping line MSC Mediterranean Shipping Company says it is doubling down on its commitment to avoid sending ships through the Arctic as some debate the need for alternative trade...
Italy Approves New Decree to Keep Cruise Ships Out of Venice Lagoon
By Angelo Amante ROME, April 1 (Reuters) – Italy’s government has ruled that large cruise ships and container vessels must not pass close to Venice’s historic center and should instead...
Suez Canal Urged to Upgrade Quickly to Avoid Future Disruption
By Jonathan Saul and Patrick Werr CAIRO, April 1 (Reuters) – Egypt’s Suez Canal must move quickly to upgrade its technical infrastructure if it is to avoid future shipping disruption, shipping industry sources said,...
Bouchard Transportation Pays Whistleblower in Port Aransas Barge Explosion
New York-based Bouchard Transportation and three former and current company officials have paid $375,000 in restitution to a whistleblower who the company fired after cooperating with a federal investigation into...
Thursday, April 1, 2021
Egypt Wants $1 Billion In Compensation For Suez Blockage
By Tarek El-Tablawy (Bloomberg) — Egypt said it may seek around $1 billion in compensation after the giant containership Ever Given blocked the Suez Canal for almost a week and...
Marine Reinsurance Firms Expect Giant Suez Blockage Claims
by Carolyn Cohn (Reuters) – The recent blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers,...
Wednesday, March 31, 2021
Latest Customs and Border Protection Ruling Has Big Implications for the Jones Act’s Role in Offshore Wind
U.S. Customs and Border Protection has issued its latest ruling on the Jones Act’s role in the development of offshore wind projects off the nation’s coasts. The latest ruling now...
Meyer Werft Wins Cruise Industry’s First Newbuild Order Since COVID-19
German cruise ship builder Meyer Werft has signed a contract for the construction of a new cruise ship marking the first newbuilding order in the sector since the start COVID-19...