• Geest Line sold
    The world’s largest owner of conventional reefer ships, Seatrade, and Caribbean logistics specialist Jamaica Producers Group have bought out UK-headquartered Geest Line. No price has been revealed for the deal. Geest, led by Peter Dixon, has been serving the Caribbean and Latin America markets for over 65 years. It will ... read more NewsPublished on 14.04.2021By Sam Chambers
  • No sound economic case for LNG retrofits
    Retrofits to make ships LNG capable are currently prohibitively expensive with little appetite among shipowners to follow Hapag-Lloyd’s pioneering first such conversion. The renamed 15,000 teu , formerly Sajir, is making its way down the southeastern Chinese coast today, en route to Yantian and then Europe, having just been filtered ... read more NewsPublished on 14.04.2021By Sam Chambers
  • Broker IFCHOR gets into the carbon credit game
    Another shipbroker is looking to get into the carbon credits business. Lausanne-headquartered IFCHOR has teamed with carbon specialist ClearBlue Markets to launch a new carbon emissions services for shipping, following in the footsteps of France’s Barry Rogliano Salles (BRS). The new partnership, called IFCHOR ClearBlue Oceans, will offer carbon emissions ... read more NewsPublished on 14.04.2021By Sam Chambers
  • NYK deploys AI platform to aid fleet maintenance
    Wärtsilä’s remote monitoring systems with each voyage providing additional data to the artificial intelligence-based products the company offers are set to enter a new use. Japanese shipping giant Nippon Yusen Kaisha (NYK) and subsidiary Monohakobi Technology Institute (MTI) have announced that they are evaluating Wärtsilä’s Expert Insight predictive maintenance service ... read more NewsPublished on 14.04.2021By Andrew Cox
  • DNV targets crew safety management audits
    The ongoing Covid-19 pandemic has led to hundreds of thousands of seafarers to have unplanned, extended tours of duty on vessels, which have often been far beyond the recommended maximum. The International Labour Organisation (ILO) has highlighted the “immense risk” that increased fatigue represents for the physical and mental health ... read more NewsPublished on 14.04.2021By Andrew Cox
  • Workers walk out at New Zealand’s largest port, slam management over safety lapses
    Workers at New Zealand’s largest port walked off site today and cast a vote of no confidence in senior management over health and safety concerns following the deaths of two employees at Ports of Auckland. The ports’ owners Auckland Council had earlier commissioned an independent report into the ports’ health ... read more NewsPublished on 14.04.2021By Sam Chambers
  • Convictions handed down in giant MSC cocaine bust
    Convictions are being handed down in one of the US’s biggest ever drugs busts. A record-breaking 20 tons of cocaine, worth $1.3bn, was seized on the 9,962 teu boxship MSC Gayane at the Port of Philadelphia in June 2019. In court proceedings this week it has emerged eight crew have ... read more NewsPublished on 14.04.2021By Sam Chambers
  • Seacor liftboat capsizes off Louisiana
    The US Coast Guard and a number of vessels in Louisiana rescued six people and are searching for more after a liftboat capsized eight miles south of Port Fourchon yesterday afternoon. The toppled over in stormy weather conditions with the US Coast Guard scrambling to send vessels and aircrafts to ... read more NewsPublished on 14.04.2021By Sam Chambers
  • Ulstein wins engineering contract for US rock installation vessel
    North America’s dredging player Great Lakes Dredge & Dock (GLDD) has contracted Norwegian shipbuilder and designer Ulstein to carry out the integration engineering for its new Jones Act-compliant rock installation vessel for the offshore wind market. The scope of work includes the selection of vessel main equipment with integration engineering ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • SeaBird scores first offshore wind contract
    Oslo-listed seismic player SeaBird has secured its first contract in offshore wind for the 2008-built to act as an accommodation vessel during maintenance campaign in the Baltic Sea. The contract will start in late April with an expected duration of 4 months, the company said on Tuesday. In addition, Seabird ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • Chevron and Moreld invest in Ocergy’s floating wind tech
    US-based Ocergy has secured investments from Chevron Technology Ventures and Norwegian industrial group Moreld Ocean Wind (MOW). The Series A round should fund Ocergy’s growth and the commercialisation of its sustainable offshore solutions, the OCG-Wind Floating Offshore Wind Turbine (FOWT) technology and OCG-Data environmental monitoring buoy. With this investment, Chevron ... read more NewsPublished on 14.04.2021By Adis Ajdin
  • MMHE awarded Jerun EPCIC contract by SapuraOMV
    Malaysia Marine and Heavy Engineering (MMHE) has secured a contract by SapuraOMV Upstream for the engineering, procurement, construction, transportation & installation, and hook-up & commissioning services (EPCIC) at the Jerun Development Project, offshore Sarawak. The work scope includes the construction of topside, jacket and piles of a central processing platform ... read more NewsPublished on 14.04.2021By Grant Rowles
  • Golden Energy Offshore finds work for CSV pair
    Norway’s Golden Energy Offshore has secure work for subsea construction vessel/IMR pair Larissa and Despina. Larissa has been awarded several months of firm walk-to-work operations for Wintershall Noordzee. The vessel commended work this week and the contract is firm through to September 1. Despina has been awarded two months more ... read more NewsPublished on 14.04.2021By Grant Rowles
  • Truck drivers strike at Ports of Los Angeles and Long Beach
    Truck drivers at Los Angeles and Long Beach ports, represented by the Teamsters union, started strike action against Universal Logistics Holdings (ULH) this week. According to the Teamsters website, ULH-affiliated companies at the ports “illegally fired truck drivers, denied them back pay, and refused to recognize and bargain with the ... read more NewsPublished on 14.04.2021By Kim Biggar
  • Castello Branco removed as Petrobras CEO
    Roberto da Cunha Castello Branco has been removed as CEO of Petrobras through a vote by shareholders on Monday. Chief Exploration and Production Officer Carlos Alberto Pereira de Oliveira has been named interim CEO, but retired army general Joaquim Silva e Luna, who has no oil and gas experience, is ... read more NewsPublished on 14.04.2021By Kim Biggar
  • ADNOC boosts fleet with VLCC pair
    ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has acquired two additional 300,000 dwt very large crude carriers (VLCC), bringing the total number of VLCCs added to its fleet in 2021 to eight. The new acquisitions include another dual-fuel ... read more NewsPublished on 13.04.2021By Adis Ajdin
  • Koreans collaborate on GHG reduction goals
    Classification society Korean Register (KR) and South Korean shipbuilder Hyundai Heavy Industry (HHI) have signed a memorandum of understanding (MOU) to work together on decarbonisation and forthcoming IMO regulations. Under the agreement, KR and HHI Group have agreed to work together to: research optimal solutions to improve the energy efficiency ... read more NewsPublished on 13.04.2021By Adis Ajdin
  • Nexans taps IKM Subsea for ROV services
    Subsea cabling specialist Nexans Norway has awarded an up to NOK200m ($23.6m) contract to Norwegian remotely operated vehicles (ROV) operator IKM Subsea. A three-year firm contract, which can be extended for another two years, will see IKM Subsea provide ROV services on two Nexans cable laying vessels, Nexans Skagerrak and ... read more NewsPublished on 13.04.2021By Adis Ajdin
  • Indian iron ore exports ramp up
    Indian seaborne iron ore exports increased by 47% in March to 6.6m tonnes, the highest monthly total on record, Braemar ACM data shows. The majority of cargoes headed to China, with 5.1m tonnes of Indian iron ore discharging in Chinese ports, also the highest monthly total on record. This comes ... read more NewsPublished on 13.04.2021By Adis Ajdin
  • Capes surge across the board
    Capesize rates, bubbling away for the past week, are now at three-month highs. The Baltic’s capesize index jumped 249 points, or 8.6%, to 3,132 points yesterday. Average cape daily earnings gained $2,065 to $25,976. The front month capesize futures contract traded at near two-year highs of $30,000 on Monday, a ... read more NewsPublished on 13.04.2021By Sam Chambers
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