Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion that the industry is calling "containergeddon", according to traders.Container-based transportation has been hit by sky-high costs and delays amid booming shipping demand, while container terminals at ports struggle to deal with the flow.
The Biden administration on Friday took a procedural step towards holding an auction for oil and gas drilling rights in the Cook Inlet off the coast of Alaska next year.The move is the latest effort by the U.S. Department of Interior to comply with a court order to resume oil and gas lease sales that President Joe Biden paused shortly after taking office in January.The Department of Interior's Bureau of Ocean Energy Management said it would kick off a 45-day public comment period for the proposed sale's draft environmental analysis.
Ecochlor’s Board of Directors (BOD) has appointed Andrew Marshall as its Chief Executive Officer (CEO), effective immediately, replacing Steve Candito.In making the announcement Ecochlor said that Candito will continue to support the company as a senior advisor to the Ecochlor BOD and leadership team. “When Andrew joined Ecochlor in 2019 as Vice President of Business Development he started the process of reshaping our international sales team as well as assisting in transforming the core of our business and growth strategy into the success that it is today," said Candito.
Propspeed launched a new kit packaged specifically for the commercial marine trade professional. Rusty Morgan, VP of Sales & Operations, Americas, discusses with Maritime Reporter TV.New Zealand-based Propspeed, a maker of underwater foul-release coatings for 21 years, recently signaled its intention to enter full-force into the commercial maritime space with the launch of its first coatings kit packaged specifically for the commercial marine trade professional. The Propspeed Commercial Kit includes all that is needed to coat two propellers 165-203cm in size, or a total surface coverage of 14.
What: Natural Propulsion in Ship DesignWhen: November 16, 2021Where: Webb Institute, Glen Cove, NY (broadcast live)Hosts: Webb Institute, Marin Institute, and Wind Support NYCA new conference on the use of natural propulsion in the global shipping industry will take place in New York on November 16, 2021, hosted by Webb Institute in Glen Cove, NY, and broadcast live.The conference aims to introduce to the audience the design of hybrid merchant ships capable of harnessing free and renewable energies available onboard – wind, solar and hydro – to improve vessel efficiency
Israeli container shipping company ZIM Integrated Shipping Services Ltd. said that during the month of October it purchased seven secondhand containerships amid continued high demand and vessel shortages.The vessels, purchased in a number of separate transactions, were built between 2007-2009 and include five 4,250 TEU vessels and two 1,100 TEU vessels, for a total consideration of approximately $320 million, ZIM said.Eli Glickman, ZIM President & CEO, said, “Since going public our focus has been to allocate capital to strengthen our commercial prospects and create long-term shareholder value.
Italy's biggest banking group Intesa Sanpaolo could help fund Novatek's Arctic LNG 2 project even as some European governments show lukewarm support for the giant Russian gas project."We are studying the dossier ... though no decision has as yet been taken," Antonio Fallico, chairman of group unit Banca Intesa Russia, told Reuters on Wednesday.Fallico said the bank had been invited to look at the financing deal by SACE, the state-owned Italian export credit agency."If the bank decides this project does not breach our policy in some way we'll do it," he said.
Shell said on Friday it expects an offshore transfer facility, which was shut due to damage from Hurricane Ida, to be operational in the first half of November, restarting production of a popular Gulf of Mexico crude grade earlier than expected.The oil major was the hardest-hit producer from Ida, which tore through the Gulf of Mexico in August and removed 28 million barrels from the market.Shell previously said it expected its West Delta-143 offshore facility, which transfers oil and gas from three major fields for processing at onshore terminals
Antwerp-based Brabo Group has held a naming ceremony for a Multi Cat 1506 and a Multi Cat 1908 delivered by Damen Shipyards Group. The group’s cleaning division, Brabo Cleaning Company, has secured a contract with Port of Antwerp to maintain a pollution-free environment in the harbor.The naming ceremony took place at Brabo’s headquarters in Antwerp on October 21. The vessels were sponsored by Annick de Ridder and Yasmine Janssen.After securing the contract, Brabo required the vessels quickly.
Bollinger Shipyards has delivered the newest Sentinel-class Fast Response Cutter (FRC), the USCGC John Scheuerman, to the U.S. Coast Guard in Key West, Fla. nearly one week ahead of schedule despite a three week shutdown due to the significant damage sustained to Bollinger’s facilities during Hurricane Ida. The storm made landfall in late August near Port Fourchon, La. as a Category 4 storm. Bollinger’s facilities in Port Fourchon, Lockport, Houma and Larose suffered significant damage as a result of Hurricane Ida
Exmar, a company owning gas carriers and FSRU units, has partnered up with Lattice Technology to develop a new type of CO2 carrier."With the global need to decarbonize the atmosphere and our world economy heavily relying on a secure energy supply, one of the promising fast-track solutions to cover both opportunities Carbon Capture Utilization and Storage (CCUS). To achieve sustainable CCUS projects, there will be a need to transport CO₂ in an economical way and on a very large scale," Exmar said.
Olso-listed bulk carrier operator Belships said Friday it had secured charters for two of its vessels.Belships said the period time charter contracts secured were for a period of about 23-25 months at a gross rate of USD 25 500 per day per vessel. The contracts are expected to start from the beginning of November 2021.The company, which will have a fleet of 30 Supramax/Ultramax bulk carriers with an average age of 4 years, once all announced transactions are completed, did not say who the client was for the two vessels, nor which vessels exactly had secured the charters.