Wednesday, August 10, 2022
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fritz

17th-Century Wreck Near Lübeck Gives New Insights Into Hanseatic Trade

Published Aug 10, 2022 6:34 PM by The Maritime Executive

Researchers from Kiel University have uncovered the wreck of a 400-year-old merchant vessel at the bottom of a river near the German port of Lübeck. It dates back to the  late Hanseatic period, when a consortium of German merchants held substantial sway over trade in the Baltic and Lübeck was a bustling shipping hub. “You always hope to make a find like this and suddenly you have one right before your eyes," said Dr. Fritz Jürgens, an archaeologist at Kiel...

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Seaspan sells 10 containerships

Seaspan Completes Boxship Sales in Asset Management Strategy

Published Aug 10, 2022 6:08 PM by The Maritime Executive

Seaspan, which is the largest independent owner and charterer of containerships, is moving aggressively in its asset management strategy to realize opportunities in the industry. After developing a large orderbook, the company last quarter took advantage of market conditions with strategic asset sales. While maintaining a fleet of 127 vessels, the company also completed nine strategic vessel sales during the second quarter realizing more than $224 million in gross proceeds for its parent company Atlas Corp. Starting in 2020 and...

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juneau

Search for Cruise Ship Man-Overboard Near Juneau Suspended

Published Aug 10, 2022 5:33 PM by The Maritime Executive

The U.S. Coast Guard has suspended a search for a crewmember who went overboard from a Holland America cruise ship in Gastineau Channel, Alaska on Monday night. SAR crew spent more than 10 hours searching an area totaling about 38 square nautical miles. The Coast Guard Sector Juneau command center received notice of a man-overboard emergency from the crew of the cruise ship Eurodam at about 2245 hours on Monday night. The Eurodam - which was moored alongside fellow Holland...

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LNG gas carriers

Hyundai Gets $1.5B LNG Order as Qatar Awards Charter to Asian Partners

Published Aug 10, 2022 4:25 PM by The Maritime Executive

State-owned energy giant QatarEnergy has awarded a consortium of four Asian shipping companies a long-term time charter for the operation of seven liquefied natural gas carriers as the latest step in its efforts to secure capacity to support the expansion of its LNG operations. It is the latest in a series of deals to build LNG carriers in South Korea and China as the shipping industry faces a shortage of gas carriers to meet current demand. Qatar is reporting that...

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MORE STORIES BY CATEGORY

Offshore

North Sea

Scotland is Installing Offshore Wind to Power Offshore Oil Platforms

Scotland has opened a brand new kind of offshore wind lease round aimed specifically at providing clean power to offshore oil and gas platforms. The newly-announced Innovation and Targeted Oil and Gas (INTOG) lease round is additional to the massive ScotWind auction for commercial-scale offshore wind projects, which was completed in January.  The new, unique leasing round will help Scotland's offshore industry decarbonize enough to meet the targets of the UK North Sea Transition Deal, which calls for...

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Shipbuilding

LNG gas carriers

Hyundai Gets $1.5B LNG Order as Qatar Awards Charter to Asian Partners

State-owned energy giant QatarEnergy has awarded a consortium of four Asian shipping companies a long-term time charter for the operation of seven liquefied natural gas carriers as the latest step in its efforts to secure capacity to support the expansion of its LNG operations. It is the latest in a series of deals to build LNG carriers in South Korea and China as the shipping industry faces a shortage of gas carriers to meet current demand. Qatar is reporting that...

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Environment

USCG

Collapsed Platform Drops Oil Storage Tank Into Terrebonne Bay

A spill response is under way after the release of a substantial quantity of oil from a collapsed storage tank on a platform in Terrebonne Bay, Louisiana.  A platform structure at Hilcorp's Caillou Island facility failed on Monday, causing a storage tank to fall into the water. Hilcorp estimates that up to 14,000 gallons of crude oil were released.  The U.S. Coast Guard responded to the scene to oversee containment work. So far, about 4,500 feet of containment boom have...

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Business

Seaspan sells 10 containerships

Seaspan Completes Boxship Sales in Asset Management Strategy

Seaspan, which is the largest independent owner and charterer of containerships, is moving aggressively in its asset management strategy to realize opportunities in the industry. After developing a large orderbook, the company last quarter took advantage of market conditions with strategic asset sales. While maintaining a fleet of 127 vessels, the company also completed nine strategic vessel sales during the second quarter realizing more than $224 million in gross proceeds for its parent company Atlas Corp. Starting in 2020 and...

Continue Reading...