Maritime news
Monitor breaking maritime news and insights for profitable, efficient and safe shipping.
U.S. LNG exports remain flat on week
Liquefied natural gas (LNG) exports from the United States have remained flat over the past two weeks.The U.S. Energy Information Administration, which issued the last report on November 19, noted that for the week between November 26 and December 2, …
Dec 4, 2020 / Finance
Austal Australia launches first of two cape class patrol boats for Trinidad and Tobago Coast Guard
Austal Limited (ASX:ASB) is pleased to announce that Austal Australia has launched the first of two Cape-class Patrol Boats for the Trinidad and Tobago Coast Guard (TTCG), under construction at the Company’s Henderson, Western Australia …
Dec 4, 2020 / Vessels
47% Of All Newbuilt Dry Bulkers Delivered In 2020 Are Fitted With A Scrubber
We have known it all along; the bigger the bunker fuel consumption of the ship, the more likely it is that shipowners will choose an SOx scrubber as the tool to comply with the IMO 2020 sulphur cap. Whiles only three Handysize bulkers in total have …
Dec 4, 2020 / Curious
Baltic index dips as dour Brazilian export outlook drags
The Baltic Exchange’s main sea freight index fell on Thursday as rates weakened across all vessel segments, with a lower iron ore export outlook from a Brazilian miner weighing on the capesize segment.The Baltic dry index, which tracks rates for …
Dec 4, 2020 / Finance
Shipping Industry Looking for “Normalcy” After Turbulent Year
A disruptive and painful 2020 is edging closer to its end and many parts of the shipping industry is already looking forward to a post-pandemic 2021 and what it has in store. In its latest weekly report, shipbroker Allied Shipbroking said that “being …
Dec 4, 2020 / Curious
Port of Gothenburg launches “Empty Container Initiative” campaign
The coronavirus pandemic keeps affecting the world and global trade. Right now, Port of Gothenburg customers are experiencing a sudden deficit of empty containers for export cargo, while at the same time Purchasing Managers Index (PMI*) account that …
Dec 4, 2020 / Curious
Israel Receives Its Most Advanced Warship as Iran Tensions Rise
Israel received its most advanced warship on Wednesday, describing the German-made vessel dubbed "Shield" as a bulwark for vulnerable Mediterranean gas rigs as tensions with Tehran soar over the assassination of a top Iranian nuclear scientist.The …
Dec 3, 2020 / Naval
Former Maersk Executive Takes Helm As CEO Of Rival MSC
Soren Toft on Wednesday started his role as chief executive of Swiss headquartered container group MSC’s shipping and logistics business almost a year after he was hired from rival A.P. Moller Maersk.Toft was appointed by MSC in November last year …
Dec 3, 2020 / Curious
Equinor and SINTEF enter into a strategic collaboration agreement
Equinor and SINTEF have agreed on a strategic collaboration in four key areas. The areas are offshore wind, marine systems, energy systems and modeling studies related to these areas, Equinor said in its release.SINTEF is Equinor's biggest partner in …
Dec 3, 2020 / Finance
Covid: Stranded seafarers ‘must get Christmas leave’
The UK must push other countries to ensure that ship crew stranded because of Covid restrictions get home leave this Christmas, a union has said.It is estimated that 400,000 seafarers, up to 2,000 of them from the UK, are currently stuck on …
Dec 3, 2020 / Curious