"The pandemic has not only exposed vulnerabilities in global supply chains, but also underscored the importance of accelerating the use of technology and advancements in digitalisation for the shipping industry"
The first portion of the funding will be distributed in early May and the next round will be invested over the coming several years, the White House said
The right of passage of foreign warships and "other state ships" will be suspended in three spots near Crimea's Black Sea coast from April 24 until October 31
The proposed changes represent a minimum cost increase per transit reservation of US$20,000 (up 57%) and a maximum cost increase of US$58,500 (up 167%) will now start on 1 June 2021.
The Navy statement did not go into detail about the alleged crimes in Nuevo Laredo, which was often racked by violent turf wars between drug cartels during the last government.
At present, 22 routes are running through the pass, reaching 13 countries such as Germany and Poland. The imported goods carried by the trains include automobiles and parts, timber and cotton yarn, while home appliances and daily necessities are among the exported items.
From St. Petersburg, cargoes can be shipped directly to some of the major European hubs such as Antwerp, Bremerhaven, Rotterdam and Le Havre through our European feeder network
While ports on the U.S. East Coast are more exposed to any disruptions in the Suez Canal, the surge in demand for retail goods has overwhelmed West Coast terminals in recent months
"Tow lines have now been established between the stricken vessel and the tugs. The risk of a grounding has been averted," the NCA said in a statement.
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.
"We naturally expect all relevant norms of maritime traffic to be strictly observed," TASS news agency cited Russian Deputy Foreign Minister Alexander Grushko as saying.
COSCO's comments come days after China and Iran, both subject to U.S. sanctions, signed a 25-year cooperation agreement on March 27 to strengthen their long-standing economic and political alliance
The six-day blockage threw global supply chains into disarray after the 400-metre-long (430-yard) ship became jammed diagonally across a southern section of the canal, the shortest shipping route between Europe and Asia
The Suez Canal Authority (SCA) said on Monday the vessel had been mostly straightened along the eastern bank of the canal and further tugging operations would resume once the tide rose later in the day
The Dutch rescue team had confirmed 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.
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.
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.
The solid oxide fuel cell (SOFC) is a device that produces electricity by oxidizing fuel. SOFC is considered to be the most stable and power-efficient among its fuel cell brothers.
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.
Container shipping group CMA CGM said on Friday that it expected activity to remain strong in the first half of this year after brisk demand for consumer goods boosted its profits at the end of last year.
An Iranian container ship was damaged in an attack in the Mediterranean. The vessel was headed to Europe when the attack occurred
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.
Singapore Budget debate: Maritime sector to receive $20 billion in investments by 2024, new jobs to be created
The Government plans to develop the Tuas South region for industrial use over the next two decades, and will continue to explore viable transport options for workers there, and also work with the Ministry of National Development to increase public housing options in the west
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
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.
Grimaldi: "We will order six more ships. We are interested in the ports of Heraklion and Igoumenitsa"
“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”.
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
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
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
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
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
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.
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
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
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
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
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
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
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
"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"
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
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
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
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 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
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
Pirates have kidnapped seven Russian sailors from the crew of a ship in the Gulf of Guinea
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade
German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings
Athens - As freight rates, particularly in the dry bulk market, ships’ recycling activity has taken a hit. In periods of a strong market environment, demolition activity tends to suffer and this has occurred once more
London - Aggregate EBITDA of rated shipping companies will fall by around 16%-18% in 2020. Road to recovery will be long and bumpy. The outlook for the global shipping sector for the coming 12 to 18 months remains negative, Moody's Investors Service said in a new report. The outlook has been negative since March 2020
Athens - TEN announced the contract for the building of up to three suezmax DP2 shuttle tankers on long-term employment to a major European end-user. The vessels will be built in South Korea and the time charter equivalent minimum revenues to be generated over the duration of the respective contacts, should all be exercised, are expected at about $250 million
Pirates attacked an oil production vessel off Nigeria in the early hours of Thursday and kidnapped nine Nigerian nationals
Djibouti has carried out the first crew change of merchant sailors in its territory and is ready to get home more seafarers who have been stranded by the coronavirus
CMA CGM, the world’s fourth-largest container shipping line, will impose emergency congestion surcharges at Cape Town port in July
The Danish group DFDS, which operates freight and passenger transport services with a fleet of ferries and logistics services, announced its intention to cut 650 jobs due to the impact on the activities of the Covid-19 pandemic
The Belgian port of Antwerp has quarantined a Maltese-flagged oil tanker until at least July 4 after more than half of its crew tested positive for COVID-19, the port authority said on Thursday
The world’s largest container shipper, A.P. Moller-Maersk MAERSKB.CO, will team up with industry majors to set up a research center in Denmark with the aim of reducing carbon emissions in the shipping industry
South Korea has launched a project to develop autonomous ships by 2025
A.P. Moller-Maersk said on Wednesday that market demand was developing “more favourable than originally expected” in the second quarter
Three Greece-based shipping firms said they have halted trade with Venezuela after the United States imposed sanctions on vessels under their management, as Washington ramps up commercial heat on Caracas.
Hundreds of thousands of weary seafarers stuck on ships for many months and unable to go home due to the coronavirus pose a risk to the safe operation of the world’s merchant fleet
The historic American classification Society based in Houston with over 5,500 employees and two hundred offices worldwide, has chosen Genoa as the head quarter for the European MED certification
The off-going nineteen members of the Liberty's crew will now return home via a chartered flight from Singapore to Colombo, then on to India. Their colleagues - 14 Sri Lankans and four Indian seafarers who arrived from Sri Lanka early Saturday on the same chartered plane - have signed on aboard the ship
Rotterdam - Container ship call numbers in European ports have been gradually improving over the past three weeks, despite the high levels of blank sailings on the trade, while calls at North American ports continue to decline as carriers extend the capacity withdrawals into the third quarter, according the latest IAPH-WPSP Port Economic Impact Barometer
CMA CGM expects activity in the shipping sector to bottom out during the second quarter as countries emerge from lockdowns to curb a coronavirus epidemic and ship operators adjust capacity
Water levels on the Rhine in Germany have risen after recent rain but remain too shallow for cargo vessels to sail fully loaded throughout the river