Friday, November 20, 2020
Shipping

CMA CGM Reports Strong Performance Amid Shipping Recovery

French shipping group CMA CGM has reported $567 million in profit in the third quarter of 2020 amid a “marked recovery” in container volumes. CMA CGM’s Board of Directors met...

Friday, November 20, 2020
Total Views: 2297

cargo ships underway
Shipping

Opinion: Australia’s New Crew Change Policy is Neat, Plausible… And Wrong

By Shipping Australia – Shipping Australia is very concerned about the ongoing crisis caused by a lack of crew changes. Hundreds of thousands of people are trapped at sea and hundreds...

November 20, 2020
Total Views: 2789

Shipping

To Honor Slave Trade Victims, Groups Seeks a Memorial in Atlantic Maps

By Ellen Wulfhorst NEW YORK, Nov 19 (Thomson Reuters Foundation) – Tributes to victims of the transatlantic slave trade can be found in museums and through statues, but a new...

November 20, 2020
Total Views: 3664

IMO Headquarters london
Shipping

IMO Approves Amendments to Cut Ship Emissions -Full Briefing

The International Maritime Organization’s Marine Environment Protection Committee (MEPC) met virtually for its 75th session this week to consider (and approve) new measures to cut emissions from ships, building on...

November 20, 2020
Total Views: 3692

nuclear icebreaker convoy
Shipping

IMO Approves Heavy Fuel Oil Ban in Arctic With Exemptions

LONDON, Nov 20 (Reuters) – The United Nations shipping agency on Friday approved a ban on the use of heavy fuel oil in the Arctic region in a move criticised by green...

November 20, 2020
Total Views: 2084

Sponsored

Behind the Scenes: Transformation at Lower Lakes Towing

Lower Lakes Towing is a ubiquitous name in Great Lakes shipping. Together with their sister-company Grand River Navigation, they form the only trans-national fleet operating on the Great Lakes.  Capt....

November 20, 2020
Total Views: 1058

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Thursday, November 19, 2020
kulluk aground
Offshore

Trump Administration Moves to Loosen Safety Rules for Arctic Offshore Drilling

Nov 19 (Reuters) – The Trump administration on Thursday proposed to loosen Obama-era safety regulations for the oil industry in the Arctic Ocean off Alaska to ease the way for...

November 19, 2020
Total Views: 3166

Shipbuilding

Havyard’s Hydrogen Propulsion System Could Be Ready in 2021

Norwegian shipbuilding group Havyard has announced that its new hydrogen propulsion system for large ocean-going ships should be completed next year as the shipping industry looks to hydrogen as a...

November 19, 2020
Total Views: 6415

HMS Queen Elizabeth
Defense

Boris Johnson Outlines Plans to Make Britain’s Royal Navy the Most Powerful in Europe

LONDON, Nov 19 (Reuters) – Prime Minister Boris Johnson pledged to restore Britain’s navy to its position as Europe’s most powerful maritime force on Thursday, highlighting that shipbuilding could also help heal...

November 19, 2020
Total Views: 5681

Defense

USCGC Stratton Returns Home Amid Shipboard COVID Outbreak

The U.S. Coast Guard Cutter Stratton has returned to its homeport in Alameda, California after 11 crew members tested positive for COVID-19 during its deployment in the Eastern Pacific. According...

November 19, 2020
Total Views: 1762

Shipbuilding

Nichols Brothers Launches Latest ASD-90 Tug for Foss Maritime

The third of four ASD-90 Class tugs for Foss Maritime has been launched at Nichols Brothers Boat Builders yard in Freeland, Washington this week. The 100’ x 40’ Z-Drive tractor...

November 19, 2020
Total Views: 2585


Thursday, November 19, 2020
Defense

Iran’s Guards Launch ‘Aircraft Carrier’ Warship -State Media

DUBAI, Nov 19 (Reuters) – Iran’s elite Revolutionary Guards have added a warship capable of carrying aircraft, missile launchers and drones to its naval fleet, state media said on Thursday,...

November 19, 2020
Total Views: 9742

tanker deck
Shipping

Global Crude Market Finds Support Mainly from China

By Devika Krishna Kumar, Olga Yagova and Noah Browning NEW YORK/MOSCOW/LONDON, Nov 19 (Reuters) – China, the global oil market’s lifeline this year, has stepped up purchases from exporters like...

November 19, 2020
Total Views: 689

wind turbine
Offshore

European Union Plans Mammoth Expansion of Offshore Wind Farms

By Kate Abnett BRUSSELS, Nov 19 (Reuters) – The European Union unveiled plans on Thursday to transform its electricity system to rely mostly on renewables within a decade and increase...

November 19, 2020
Total Views: 1012

Wednesday, November 18, 2020
Ports

U.S. Import Boom Delaying Cargo at Nation’s Busiest Port

By Lisa Baertlein LOS ANGELES, Nov 18 (Reuters) – Record cargo imports are causing delays that are rippling from the nation’s busiest U.S. port complex to other parts of the...

November 18, 2020
Total Views: 3203

Accidents

VIDEO: Containership Capsizes Dockside in Indonesia

Video shows the moment the cargo ship MV Mentari Crystal capsized and partially sank at the Teluk Lamong Terminal at the Port of Tanjung Perak in Indonesia on November 16,...

November 18, 2020
Total Views: 33687

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Wednesday, November 18, 2020
offshore wind
Offshore

Europe Seeks $940 Billion Boost for Giant Offshore Wind Farms

By Ewa Krukowska (Bloomberg) — The European Union wants a massive increase in offshore wind to help clean up the electricity industry and aid the recovery after the pandemic. To meet...

November 18, 2020
Total Views: 1668

Soeren Skou, CEO Maersk
Shipping

Maersk CEO Expects Biden Presidency to Smooth Trade Relations

By Christian Wienberg (Bloomberg) — The chief executive officer of the world’s biggest container shipping company says trade relations between Europe and the U.S. will probably become more “collaborative” under the...

November 18, 2020
Total Views: 1353

Shipping

Container Freight Rates Continue Surge on Strong Restocking Demand

SINGAPORE, Nov 18 (Reuters) – Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes...

November 18, 2020
Total Views: 1374

offshore oil rig
Offshore

Final Offshore Lease Under Trump Shows GoM’s ‘Long Future’

By Nichola Groom Nov 18 (Reuters) – The Trump administration’s final sale of oil and gas leases in the Gulf of Mexico generated nearly $121 million in high bids on...

November 18, 2020
Total Views: 994

cargo ship emissions
Environment

IMO Plan to Curb Shipping’s Carbon Emissions Triggers Criticism

By Jack Wittels and Jessica Shankleman (Bloomberg) — The organization responsible for setting global environmental standards for shipping approved rules designed to curb the industry’s carbon emissions, triggering criticism that its...

November 18, 2020
Total Views: 1426