VLGC rates continued to nosedive, even as milder temperatures in the US Gulf began to gradually ease disruption at the Houston Ship Channel, prompting gradual loadings and efforts to export.
Of the 41 respondents who participated in both the February and January polls, 32 raised their forecasts. Most analysts said the Organization of Petroleum Exporting Countries and allies (OPEC+) may ease current output curbs when they meet on March 4, but would still agree to maintain supply discipline.
"Our ambition to have a carbon neutral fleet by 2050 was a moonshot when we announced it in 2018," Chief Executive Soren Skou said.
“We will order six multipurpose ships for the transport of cars, tractors, trucks and containers. We are in the process of negotiating with some Asian shipyards. Italian shipyards have no interest in building this type of ship: they are concentrated on military and passenger ships”.
Trieste - Fincantieri, through its subsidiary E-phors, specialized in providing cybersecurity services and products, has recently provided a pivotal training course in partnership with the Italian Shipping Academy, aimed at introducing deck officers to the basics of cybersecurity. The three-day training course is part of the Academy’s project – funded by the European Commission “Common Maritime Education Standards in the West Mediterranean”
Trieste - Chile’s ASMAR Shipbuilding & Ship Repair Company has awarded Vancouver, B.C., based Vard Marine (wholly owned by Vard AS, Fincantieri Group) a new contract for the design of an Amphibious and Military Sea Transport Ship for the Chilean Navy’s Escotillón IV Program. The multi-role vessels will be constructed at the ASMAR shipyard in Talcahuano, Chile
Vaccination certificates may help re-launch Greek cruises. Pandemic keeps cruise liners idling in dock for past year
Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating more dangers at sea
This was stated in a notice published by the Coast Guard of Genoa, the main Italian port.
Stena Line, the largest Irish Sea operator, has doubled its services on the booming Rosslare-Cherbourg route, temporarily cancelling some sailings to Britain after freight volumes fell 60% in the first half of January.
The pirates come from Nigeria's turbulent Niger Delta, experts say. The region produces the bulk of the nation's petroleum, but is woefully underdeveloped, scarred by pollution and has some of the highest unemployment in the country.
"The tankers, first detected at 5:30 a.m. local time (2130 GMT on Jan. 23) concealed their identity by not showing their national flags, turning of automatic identification systems and did not respond to a radio call," the statement said.
The attack on the Mozart could raise international pressure on Nigeria to do more to protect shippers, who have called for tougher action in recent weeks, analysts said.
High shipping rates are set to continue for at least several weeks, despite new coronavirus lockdowns in Europe
Milan - France has offered Italian shipbuilder Fincantieri’s a one-month extension to its planned acquisition of French rival Chantiers de l’Atlantique, the finance ministry said in a statement on Wednesday
Trieste - The first U.S. flagged Great Lakes bulk carrier to be built on the Great Lakes in nearly four decades marked a key point in its construction with its recent float out from the graving dock. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding yard in Wisconsin, the vessel which is named the Mark W. Barker is the first Great Lakes bulk carrier built domestically since 1983
Rijeka - Croatia's Rijeka port will restart the procedure for selecting a concessionaire to develop and run the Zagreb Deep Sea container terminal. The board of directors of the Rijeka port has decided to cancel the current selection process and launch a new tender. In September, Luka Rijeka extended the procedure for selecting a concessionaire for the terminal until the end of the year due to the coronavirus pandemic
Hattab said the increased capacity would be after 2023 and that the plan includes building 24 storage tanks
Relief for seafarers onboard vessel stuck off coast of China is long overdue. MSC has requested crew change since mid-2020, but no implementation so far. MSC urges governments to take a close interest and encourages all parties to find a solution urgently.
Many of the world’s biggest lenders to shipping companies fell short of carbon-cutting targets last year in the first analysis of CO2 goals for the sector by financiers
"My colleagues and I, including the older ones, will be getting ourselves vaccinated early. This is to show you, especially seniors like me, that we believe the vaccines are safe," Lee said in a national broadcast
"BW Rhine has been hit from an external source whilst discharging at Jeddah, Saudi Arabia at approximately 00:40 local time on 14 December 2020, causing an explosion and subsequent fire onboard," Hafnia said in a statement on its website.
"The North Korean regime often uses forced labor from prison camps in its mining industries, including coal, exploiting its own people to advance its illicit weapons programs."
Almost all of the 70 active yards in Bangladesh have submitted Ship Recycling Facility Plans since 2019, according to the Ministry of Industries - a key reform as Bangladesh readies to join a global treaty to make the industry safer
State-controlled Fincantieri signed an agreement in February 2018 to buy 50% of the French group from the Paris government for 59.7 million euros ($72.4 million). But EU authorities have suspended an examination of the deal pending the provision of more data
Japan, South Korea and a fleet of international shipping groups have warned the European Union against its plan to add greenhouse gas emissions from the maritime sector to Europe’s carbon market
Trieste - Fincantieri subsidiary VARD has signed a contract for the design and construction of eight robotic vessels for maritime operations worldwide for Ocean Infinity. In partnership with the client, VARD has developed the VARD 9 60 design
Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes
German container liner Hapag-Lloyd AG is confident of achieving higher earnings in 2020 as lower fuel prices cut shipping costs, demand in Asia recovers and fleet capacity is tight
French energy company Total and container shipping group CMA CGM announced on Monday that they had completed a major liquefied natural gas (LNG) bunkering operation at the Port of Rotterdam
Cagliari - Valeria Mangiarotti, lawyer, has recently been vice-president of MedCruise, the association that brings together the cruise ports of the Mediterranean, under the new mandate of Aris Batsoulis. Not entirely a new entry, that of Mangiarotti, who had already held this position in the past. COVID 19 and environment in her agenda
Trieste - Fincantieri, in close cooperation with the virology lab of the International Center for Genetic Engineering and Biotechnology, ICGEB, has developed an innovative next-generation air sanitation system called "Safe Air", which will further significantly improve the quality and cleanliness of the air on board cruise ships
London - The International Maritime Organization (IMO) and the World Tourism Organization (UNWTO) have expressed their support for the safe resumption of cruise ship operations following the COVID-19 pandemic. In a joint statement, the organizations also encouraged their member states and relevant national and local authorities to designate all seafarers and marine personnel within their jurisdictions as key workers
ABB has secured a $ 300 million order from Daewoo Shipbuilding & Marine Engineering Co. to supply propulsion and power generation systems for six new vessels that will be used for the transport of liquefied natural gas
Britain’s new polar ship, the Sir David Attenborough, headed for the open seas on Tuesday to start trials after a storm delay, before making its maiden voyage next year for climate change research.
All the details on the new cabin charter, the new VAT regime, proof of actual navigation outside the EU and the portion of the fee that is not subject to tax. By ASLA - Associazione degli Studi Legali Associati
The Centers for Disease Control and Prevention (CDC) on Friday issued a framework for a phased resumption of cruise ship operations after a no-sail order issued in March in response to the coronavirus pandemic expires on Saturday
La Spezia - It took five hours yesterday to complete the first refueling of LNG in Italy on the quay, from ship to ship. La Spezia, the only national port to make the operation possible, will be replicated in three weeks. Always with "Costa Smeralda", the flagship of the Genoese company, which points its bow on the Gulf of Poets every Sunday until mid-November
Genova - Is Costa Cruises mounting a comeback in Asia? It would appear so, as multiple Taiwan-based travel agencies have listed departures aboard the "Costa Serena" out of Taiwanese homeports this coming December. Pulled from service in China in January, the Asia-based "Serena" has been sitting idle since
Helsinki - Finnish shipbuilding company Helsinki Shipyard Oy has won an order from the British cruise line Swan Hellenic for a luxury expedition cruise vessel. The order comes at a very difficult situation for the global cruise and shipbuilding industry due to the impact of COVID-19 on traveling and demand for cruises
Seoul - Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday
Premuda will be a shareholder of the new company, which will be called CSM Italy and will be based in Genoa. Within the framework outlined, once concluded the due trade-unions consultation’s procedures, CSM Italy will provide ship management and it’s maritime services
Seoul - Daewoo Shipbuilding & Marine Engineering Co. said Tuesday it has developed an AI robot for metalworking in the construction of ships for the first time in the world
The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet
The European Globalisation Adjustment Fund was set up to help workers made redundant due to major changes in world trade patterns or as a result of unexpected financial and economic crises.
Haifa - The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel. One after another, eight containers filled with electronics, cleaning supplies, iron and firefighting equipment were unloaded off the "MSC Paris", one of the first cargo ships to make the voyage between the United Arab Emirates and Israel
London - Carriers since July have been rapidly reinstating high levels of capacity blanked in the second quarter as demand began to return rapidly, most notably on the trans-Pacific where US imports are setting records. The capacity management strategy that has kept freight rates at record levels is being tested by the rapid recovery in demand on the trans-Pacific and Asia-Europe trades
Papenburg - German shipbuilder Meyer Werft has handed over "Iona", a 180,000-ton LNG-powered cruise ship, to the British shipping company P&O Cruises. With the delivery, the new flagship of the cruise line will be integrated into the P&O Cruises fleet in order to be ready for service when the Biritsh cruise industry restarts
Athens - On recent orders from Greek shipping companies, South Korea’s shipbuilding industry regained the No. 1 spot from China in the third quarter of this year, data showed Sunday. According to UK-based market research firm Clarksons Research, Greece placed orders for 18 ships worth 589,421 compensated gross tonnage from Korean shipbuilders this year
Berlin - Genting Hong Kong, the parent company of Crystal Cruises, Dream Cruises, and Star Cruises has secured a EUR 193 million, or $227 million payment from the German Government to keep its shipyards MV Werften afloat. As the owner of three major cruise lines, a casino in Manila which has been closed down, and MV Werften
London - Britain's shipbuilding industry could be in for a massive boost after Brexit with plans to end to European Union rules forbidding the Government from prioritising UK firms when handing out lucrative contracts for new vessels
German container shipping firm Hapag-Lloyd is benefitting from a rebound in transport demand but its chief executive warned about the longer-term impact on economic activity from the coronavirus
Cruise ships were home to the some of the earliest clusters of COVID-19 as the pandemic spread globally early this year. In March, U.S. authorities issued a no-sail order for all cruise ships that remains in place
"They are all asymptomatic. There are PCR test kits on board. The vessel will most likely return to Piraeus port for repeat rapid COVID-19 tests," an official at the Civil Protection Agency said.
The authority cited a decision from a Miami-based arbitration board it said was issued earlier on Friday
The world’s largest group of shipping insurers will not insure vessels involved in the Russian-led Nord Stream 2 and TurkStream gas pipeline projects because of the threat of U.S. sanctions
Danish shipping giant Maersk said it will now transport ocean cargo between the United Arab Emirates and Israe, a further sign of business opening up after the two countries established full ties
Hoping to set sail again, Royal Caribbean and Norwegian Cruise Line Holdings said they submitted a report to the U.S. Centers for Disease Control and Prevention detailing health and safety protocols
Trieste - Is it possible to return to travel carefree without worries about the world health situation? The answer is yes, thanks to the new models of protected cruises that aim to create a "security bubble" on board. We tried this experience aboard "Costa Deliziosa" during her second voyage after the resumption of operations
Video clips on Twitter showed passengers in orange life jackets as helicopters circled above the ship. The ship was sailing a route between Turku in Finland and the Swedish capital, Stockholm
Genova - Steel cutting at the Cimar plant in San Giorgio di Nogaro for the second of the two ultra-luxury ships commissioned by the US shipping company Seabourn to the genoese T. Mariotti shipyard. The sister ship of "Seabourn Venture", whose delivery is expected in 2021, is still waiting to receive the name and will be completed in 2022
Genova - Redevelopment has been completed of the area, left empty nearly all year long for 13 years. The shipyard managed facility will host a total of 25 superyachts up to 110m long He had said it would be October, and October it is. Just five and a half months after the final green light for the development works and four months since the agreement that finally mothballed the former disputes regarding the Darsena Nautica
New Shipping Ltd, the manager of the Panama-flagged New Diamond, has appointed SMIT Singapore Pte Ltd to lead salvage operations
Europe's fossil fuel use would plummet. By 2030, EU coal consumption would drop by 70% from 2015 levels. Oil use would fall by 30% and gas by 25%
The port of New Orleans and LOOP combined exported about 307,000 bpd of crude and 411,000 bpd of refined products and imported about 342,000 bpd in crude volumes in the three months through August, according to Kpler data
Details and opening of sales of the new winter itineraries will soon be available on the company's website and from travel agencies.
Trieste - The Department of Defense and the US Navy awarded to Fincantieri’s subsidiary, Marinette Marine (FMM), a $7 million contract for design and engineering work of the Large Unmanned Surface Vessel (LUSV), the future large-size unmanned surface vessels, able to operate without crew on board. Fincantieri Marinette Marine has been shortlisted with five other companies
Low water levels after recent dry weather are preventing cargo vessels from sailing fully loaded on the Rhine river in Germany and adding surcharges to the usual freight rates
A spokesman for Belarusian energy firm, Belneftekhim, said a number of meetings is planned in nearest future to assess the route changes
The New Diamond is carrying about 2 million barrels of crude oil, although a senior Sri Lankan navy official said on Friday there was no real risk of a spill
The guests embarking on Costa Deliziosa for her first three September cruises will all be residents of Italy; embarkation will be carried out in accordance with the procedures set out in the Costa Safety Protocol
"We are keeping the ship in a location that is far enough from the shore in case there is an oil leak, so that our shoreline does not get damaged."
The Gulf Livestock 1 sent a distress call from the west of Amami Oshima island in southwestern Japan on Wednesday as Typhoon Maysak lashed the area with strong winds and heavy seas.
"They're anxious to get in touch with their loved ones and families. They just simply want to step ashore"
Hong Kong - Genting Hong Kong held its first creditors meeting Monday as it pursues a restructuring. Leading up to the virtual meeting, the company paid bank fees that were due last week.Previously, Genting HK reported missing the payment of €3.7m in bank fees relating to newbuilds "Global Dream" and a sister vessel
London - As melting sea ice opens the Arctic to navigation, more ships are plying the loosely regulated polar waters, bringing increasing amounts of climate-warming pollution, a Reuters analysis of new shipping and fuel-consumption data shows. Traffic through the icy region's busiest lane along the Siberian coast increased 58% between 2016 and 2019
To obtain certification from RINA, specific training modules for crews have been created in strict compliance with the new health protocols and with the associated shipboard management system implemented by Costa
"MSC Cruises is confident that bookings will return to growth in the coming weeks thanks to the charm of the proposed itinerary."
The MSC Grandiosa departed tonight for Civitavecchia with about 650 passengers on board
“For the port of Genoa it was a great satisfaction to host this cruise”, said in this interview the president of the port, Paolo Signorini
The Aegean II had originally altered its course due to a damaged hull and after local police had boarded it, "here had been certain incidents on board the vessel“, the EU force said in a statement
Forbes has estimated Akhmedov's net worth around $1.4 billion. The U.S. Treasury Department has put him on a list of sanctioned Russian state-owned companies and so-called „oligarchs“, identified as close to President Vladimir Putin
Environmental group Greenpeace said the action would lead to more pollution. Scientists say the full extent of the spill was still unfolding but the damage could affect Mauritius and its tourism-dependent economy for decades
Soleimani, head of Iran's elite Quds Force, and Iraqi militia commander Abu Mahdi al-Muhandis were killed in January in a U.S. strike on their convoy in Baghdad airport
The Iranian boat and its crew have been released, the statement said, while the legal process of transferring the bodies of the dead is underway
The departures available at present are September 6, 13, 20 and 27 for Costa Deliziosa, and September 19 for Costa Diadema
"The merchant fleet is neither designed nor equipped to care for additional people, and we are quickly depleting the supplies onboard," Tommy Thomassen, chief technical officer at Maersk Tankers, said in an email
Of around 325 ships still fishing in the waters near the ecologically sensitive Galapagos, 149 have at some point in recent months cut off communications, Navy Commander, Rear Admiral Darwin Jarrin told reporters
The court-appointed manager of Singapore Ocean Tankers is seeking to reclaim about $19 million from the Lim family directors of the firm
"The route set five days before the crash was wrong and the boat navigation system should have signaled that to the crew and it seems the crew ignored it."
Authorities said that they have cordoned-off Blue Bay Marine Park, with three layers of booms
German container shipping line Hapag-Lloyd nearly doubled net profit in the first half of 2020 and kept its full-year outlook intact but warned that the coronavirus crisis bears indiscernible risks for its operations
Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war
Berlin - TUI has reached an agreement with the German government on an additional aid package worth 1.2 billion euros ($1.4 billion) to provide sufficient liquidity, the tour operator said on Wednesday as the company is hit by the coronavirus pandemic
Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down
Athens - Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change. GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following countries
Dubai - Polaris Shipping Agencies have shipped out a second rotor set from Khalifa Port in Abu Dhabi to Escombreras Port in Spain. The OOC cargo had shipping dimensions of 12.20 x 4.05 x 3.85m and a unit weight of 95mt. The scope of work handled by Polaris included pre-carriage from the supplier, all origin export requirements and sourcing of a suitable vessel on liner terms hook/hook
Denmark’s A.P. Moller-Maersk, the world’s top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from Septembe
Singapore bank OCBC is seeking a court-appointed supervisor to manage shipping firm Xihe Holdings Pte Ltd and four of its subsidiaries
Shipping companies are still struggling to get hundreds of thousands of crew members back home after many months at sea despite pledges by countries to ease transit restrictions for seafarers
