U.S. Seizes Four Iranian Fuel Cargoes

The Hidden World of the LCL Consolidation Market - Part II

By Luke Robert 08-14-2020 07:01:46

In the first part of this series, we discussed the reasons why global forwarders rely on consolidators to support their less than container load (LCL) shipments. We now look at the challenges, threats and opportunities facing consolidators in the near future. The challenge for any consolidator in building any new LCL trade lane between two port pairs is getting a baseload volume or anchor customer. A baseload volume or anchor customer is shipment volume that a forwarder or consolidator...

containerships are leading scrubber installations according to BIMCO

Scrubber Installations Continue With Containerships Leading the Way

By The Maritime Executive 08-14-2020 06:33:45

The installation of scrubbers and the economics of using this technology was one of the hottest topics in the shipping industry in the lead up to the January 1, 2020 introduction of the International Maritime Organization’s (IMO) global sulfur regulations. The containership industry as of mid-year became the most scrubber outfitted sector of the commercial cargo shipping industry surpassing the crude oil tanker fleet according to a new report from Bimco, a maritime association for shipowners, charterers, shipbrokers, and agents....

WWII-Vintage Ship Latest Sunk on to Delaware's Artificial Reef

By The Maritime Executive 08-14-2020 05:20:51

A World War II-vintage vessel became the latest ship intentionally sunk to enhance the artificial reefs off the coast of Delaware. While it was the first ship this year, it is the fourth vessel recently added to the reef along with a variety of other objects by the Delaware Department of Natural Resources and Environmental Control (DNREC). Built in 1944, the 180-foot long vessel, most recently known as the Reedville, originally sailed for the U.S. Navy and Army as a...

Interview: Challenges and Opportunities of the Northern Sea Route

By Nadezhda Malysheva 08-14-2020 04:45:06

Igor Tonkovidov, President & CEO of SCF Group, recently spoke with PortNews IAA's Nadezhda Malysheva about how the company facilitates the development of navigation along the Northern Sea Route and how the COVID-19 pandemic is affecting Russia's shipping industry. This year, SCF’s LNG carrier Christophe de Margerie completed an early eastbound voyage along the North Sea Route. What is your assessment of this voyage? What difficulties arose during the voyage? Do you plan similar early voyages in the future? In the...

Shipping

The Hidden World of the LCL Consolidation Market - Part II

Tugs & Salvage

WWII-Vintage Ship Latest Sunk on to Delaware's Artificial Reef

Government

US Coast Guard to the Rescue of a Turtle off New Jersey

Most of the attention the U.S. Coast Guard gets is for its missions of bravery, such as the daring rescues of seafarers in distress, or its missions such as drug interdictions and seizures. This mission for the Coast Guard Sector Delaware Bay will clearly be remembered as one of the more unique assignments for the Coasties. Imagine the surprise for the watchstanders at the Coast Guard Sector Delaware Bay command center when they received a call from the Marine Mammal Stranding...

Piracy

Security Contractors Convicted Under New Nigerian Anti-Piracy Law

A Nigerian court has completed its first ever convictions using the nation's new anti-piracy law, and the defendents have been sentenced to a five-figure fine. There is a twist, however: according to Nigerian media, the accused are not pirates as traditionally conceived, but rather the local employees and managers of a global private security company. Last month, nine individuals affiliated with the Lagos branch of a UK-based global security company were charged in connection with the boarding and maritime kidnapping...

Cruise Ships

uncertainties of COVID-19 and testing ended cruise

Uncertainties of COVID-19 and Testing Blamed for End of Alaska Cruise

It appears the uncertainties over COVID-19 and the testing regimens, in the end, were responsible for UnCruise Adventures' highly-publicized misadventure that saw the first and only attempt to restore cruising in America end just days after it began. The company has won praise for its response to the virus while they highlighted that they had been successful in managing the uncertainties and ensuring that there was no transmission of the coronavirus on their ship. At the beginning of the month, just...

Ports

Ports of Auckland Fined for Speeding Pilot Boats After Fatal Accident

The Auckland District Court has sentenced Ports of Auckland Limited (POAL) to a fine of $280,000 for allowing its pilot boats to exceed harbor speed limits on thousands of voyages, including one that ended in a high-speed collision with a swimmer. The director of national regulator Maritime NZ, Keith Manch, said POAL has also agreed to pay $220,000 to the family of the swimmer, Leslie Gelberger. Gelberger was struck and killed by the pilot boat Wakatere on April 20, 2017,...

Shipping

The Hidden World of the LCL Consolidation Market - Part II

Tugs & Salvage

WWII-Vintage Ship Latest Sunk on to Delaware's Artificial Reef

Government

US Coast Guard to the Rescue of a Turtle off New Jersey

Piracy

Security Contractors Convicted Under New Nigerian Anti-Piracy Law

Cruise Ships

Uncertainties of COVID-19 and Testing Blamed for End of Alaska Cruise

Ports

Ports of Auckland Fined for Speeding Pilot Boats After Fatal Accident

Offshore

Crane Vessel Sleipnir Sets New Record for Platform Jacket Lift

The world's largest crane vessel, Heerema's Sleipnir, has lifted and removed the steel jacket of the iconic Brent Alpha platform in the UK North Sea. The 10,100 tonne single lift breaks the vessel's previous record for a jacket, the 8,100 tonne lift to remove the base of the Jotun B platform. For the Brent Alpha project, Sleipnir arrived at the Brent field on July 23, and she completed the project by offloading the jacket at a decommissioning site in Vats,...

Shipbuilding

South Korean shipbuilders highlight success

South Koreans Highlight Orderbook Success Surpassing China in July

South Korean shipyards are highlighting the fact that their collective order book during July surpassed the orders received by China’s shipbuilders. While the global shipbuilding industry has been impacted by COVID-19, the South Korean shipbuilders received several significant orders primarily for LNG vessels. Citing data from Clarkson Research Services, Korean media outlets including MK News and Pulse News were all highlight the volume of orders received by their shipyards. Korean shipbuilders, they reported, won orders of 500,000 compensated gross tonnage...

Training

Training Program for the Emerging Offshore Wind Industry

With the rapid growth in the emerging offshore wind industry expected to continue there is a growing need for qualified, trainer personnel. A new partnership between the National Offshore Wind Institute (NOWI) at Bristol Community College and Maersk Training will seek to expand the level of training programs available for the emerging sector. “Bristol is proud to partner with globally recognized Maersk Training, whose expertise and experience will elevate the college’s leadership in training the workforce needed for the emerging...

Business

Singaporean Shipping Magnate Charged With Ordering Fake Loan Documents

The Singaporean oil and shipping magnate Lim Oon Kuin - better known as OK Lim - has been charged with "abetment of forgery for the purpose of cheating" in connection with an allegedly fraudulent trade financing transaction. According to prosecutors, OK Lim instructed a contracts executive at his firm, Hin Leong Trading, to falsify a document on the letterhead of UT Singapore Services, a tank farm operator on Jurong Island. The document showed a transfer of about one million barrels...

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