Saturday, August 15, 2020
MORE TOP STORIES
houston express container ship hamburg

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...

Continue Reading...
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....

Continue Reading...
World War II vessel reefed in Delaware

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...

Continue Reading...
sovcomflot lng carrier

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...

Continue Reading...
MORE STORIES BY CATEGORY

Offshore

sleipnir

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,...

Continue Reading...

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...

Continue Reading...

Training

new training program for offshore wind industry

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...

Continue Reading...

Business

ocean trading

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...

Continue Reading...