shipowners

Ever Given container ship leaves Egyptian waters

The ship was released on July 7 after protracted negotiations and an undisclosed settlement was reached between the Suez Canal Authority (SCA) and the Ever Given's owners and insurers.

Says Stann Marine

Agreement in principle reached over Suez Canal ship

Ismaila - A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal authority. Work was under way to finalise a signed settlement agreement as soon as possible and arrangements for the release of the "Ever Given" vessel would be made after formalities had been dealt with

Vaccination surge encourages sector

Russians' return boosts Turkish tourism prospects

Istanbul - Thousands of Russian tourists began arriving in Turkey on Tuesday, boosting hopes for its tourism sector after a two-month suspension in flights imposed by Moscow due to concerns about a surge in COVID-19 cases in April

To be completed and get ready for the open sea

"Leonardo da Vinci" reaches Norway to be completed

Tulcea - After being towed from Vard’s shipyard in Tulcea, Romania, across the Black sea, the Mediterranean Sea, then along the ocean shores of Portugal, Spain and France up to Scandinavia, Prysmian Group’s cutting-edge cable-laying vessel reached Brattvåg, Norway

Over summer

EU countries clear plan to ease cross-border tourism

Brussels - European Union countries agreed on Friday to an easing of travel restrictions over summer that will allow fully vaccinated tourists to avoid tests or quarantines and broaden the list of EU regions from which it is safe to travel. Ambassadors from the 27 EU member states approved a modified European Commission proposal that people who have been fully vaccinated for 14 days should be able to travel freely from one EU country to another

the incident

One crew feared dead after Japanese cargo ship collision

The Japanese coast guard was not immediately reachable by phone on Sunday. Japan's Transport Safety Board is conducting an investigation on board the chemical tanker, identified as the Ulsan Pioneer, which remained near the accident site

tourism

Spain to welcome back international cruises from June 7

"Shipping companies will have to comply with measures established by the health ministry... to guarantee total security, both for cruise passengers and for the cities where they land," the transport ministry tweeted on Saturday.

In Italy

Venice cruise ship ban passed

Rome - The Italian Lower House on Wednesday gave definitive approval to a decree banning cruise ships from mooring in Venice. The decree was passed by 370 votes to 16 with 29 abstentions. Cruise ships have been stopped from landing in the centre of Venice

"Marco Polo"

CMA CGM vessel will set seven records on Atlantic seaboard

Marseille - For the second time in less than a year, a containership operated by CMA CGM will set size records as the largest boxship to call at ports along the Atlantic Seaboard. The 16,022 TEU CMA CGM "Marco Polo" will set a total of seven North American big ship records in 11 days. The 1,300-foot long boxship is currently crossing the Atlantic due to make its first North American call in Halifax on May 17

Amid pandemic

Spectre of another lost tourism season haunts emerging markets

London - Fresh outbreaks of COVID-19 and travel curbs are deterring tourists from flocking back to Thailand's beaches and Turkey's bazaars, stalling a recovery in tourism, a crucial source of foreign currency and a large employer for many emerging markets. Global tourism suffered its worst year ever in 2020

No forecast for 2021

ONE profits soar to US$3.5b from $105m in 2019

Tokyo - Japanese container line headquartered in Singapore ONE has reported a US$3.5 billion profit for 2020 - an astonishing leap from the $105 million profit declared for 2019. The earnings surge came on the back of a 21 per cent increase in annual revenue

After Q1 results

Maersk expects tailwind to last amid high demand for containers

Copenhagen - Denmark's Maersk said on Wednesday it expected its "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States. Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand

First ship on schedule: "MSC Seaside"

Global Ports Holding awarded Taranto cruise port

Taranto - Global Ports Holding, the largest independent terminal operator cruises globally, is now the new concessionaire for traffic support and support services port cruises of Taranto. The international holding will act through the subsidiaries Port Operation Holding and Global Ports Melita. Taranto Cruise Port will have in concession, for the next 20 years, a part of the maritime state-owned areas and assets located on the San Cataldo pier

The Japanese company

”K” Line enters offshore wind market

Tokyo - Japanese shipping company Kawasaki Kisen Kaisha ("K" Line), and its domestic subsidiary Kawasaki Kinkai Kisen Kaisha have agreed to establish a joint venture company to provide services within the offshore wind industry. The new joint venture company, “K” Line Wind Service, will provide offshore support vessels and marine-related services to the industry

As COVID crisis dampens demand

LNG cargoes diverted from India

Singpore - Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday. Six LNG tankers diverted away from India since April 20

markets

China a big buyer of new French wheat crop, traders say

Some sources estimated the volume at 500,000 to 600,000 tonnes, or up to around 10 large panamax vessels, mainly for August. Others pegged total sales higher, at around 1 million tonnes, suggesting France could load up to about 15 panamaxes this summer

markets

Iron ore and China steel output aren’t sticking to the script

The high price of iron ore, as well as strength in China’s domestic steel prices and profit margins for mills, has prompted some official concern. Beijing’s industry ministry went so far as to say on April 20 that it would take steps to stabilize raw material prices.

defence minister

Israel pledges to work with U.S. on Iran

"Our bilateral relationship with Israel in particular is central to regional stability and security in the Middle East. During our meeting I reaffirmed to Minister Gantz our commitment to Israel is enduring and it is ironclad," Austin said

Egypt

Suez Canal may expand southern channel, chairman says

The 400-metre-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high winds on March 23. It remained stuck for six days, preventing hundreds of ships from passing and significantly impacting global trade flows.

Maritime news

Iran says its ship Saviz was attacked in Red Sea

"The explosion occurred on Tuesday morning near the Djibouti coast and caused minor damage with no casualties. The vessel was a civilian ship stationed there to secure the region against pirates," Foreign Ministry spokesman Saeed Khatibzadeh said.

Egypt

Suez Canal shipping backlog ends, days after giant vessel freed

International supply chains were thrown into disarray when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free her after extensive dredging and repeated tugging operations.

Markets

Suez Canal steps up efforts to remove blockage, shipping rates surge

The Dutch rescue team had confirmed that two additional tugs would arrive on March 28 to help dislodge the ship after an attempt to re-float it on Friday failed, BSM said. "There have been no reports of pollution or cargo damage and initial investigations rule out any mechanical or engine failure as a cause of the grounding,“ a BSM statement said.

Egypt

Container ship runs aground in Suez Canal, blocks traffic

Any delays can have a knock-on effect for both LNG and European gas prices. There were also more than 13 container ships anchored around Suez with at least two others waiting in the Mediterranean, Refinitiv ship tracking data showed.

Markets

Crude exports rise again as Saudi Arabia draws on inventories

The kingdom exported 6.582 million b/d in January, according to JODI data released March 18, an increase of 87,000 b/d from December. It was the seventh straight month that shipments have risen since a historic low of 4.98 million b/d in June when stringent OPEC+ production cuts were in effect.

Fincantieri Group

Vard delivers "Coral Geographer"

Trieste - Fincantieri subsidiary Vard, one of the major global shipbuilders of specialized vessels, has delivered the second expedition cruise vessel, “Coral Geographer” to the Australian company Coral Expeditions. “Coral Geographer” has been specially tailored for personalized expedition cruises to remote and exotic destinations in Asia and Oceania

markets

ClassNK releases Guidelines for ROV/AUV

Although the utilization of ROVs and AUVs is increasing worldwide, no international standardization of such technologies has yet been implemented, and the utilization of ROVs and AUVs has, for the most part, been limited to certain fields.

Markets

Libyan freight premiums subside amid consistent output

Tanker owners in the Mediterranean basin welcomed the comeback of exports from Libya after the eight-month blockade. “The comeback of Libya was a relief for the oil tanker market amid production cuts and low demand from end users,” a broker said

poll

Oil set for steady gains as economies shake off pandemic blues

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.

The partnership

Fincantieri and the Italian Shipping Academy to train together officers on cybersecurity

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”

Fincantieri

Vard Marine wins design contract for new Chilean Navy ship

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

Trade and shipping

After Brexit, Ireland and France cut out the middleman

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.

Security

Why are pirates attacking ships in the Gulf of Guinea?

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.

International

Indonesia's coast guard seizes Iranian and Panamanian tankers

"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.

By Fincantieri

First U.S. built Great Lakes bulker since 1983 floated out

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

New tender

Rijeka port to restart procedure for container terminal

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