Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said.Spot rates, which cover anywhere from 10% to 40% of ocean container shipments and are considered a key indicator of the industry's health
Floating wind is an emerging technology. Currently being tested in small scale demonstration and pilot projects, global floating wind commissioned capacity at the end of 2022 was less than 200 megawatts (MW). By 2030, close to 11 gigawatts (GW) of commercial scale wind farms are planned to be commissioned in Europe and the Asia Pacific Region.
In January 2019, the Korean-flagged fishing vessel Oyang 77 sailed south toward international waters off Argentina. The vessel had a known history of nefarious activities, including underreporting its catch and illegally dumping low-value fish to make room in its hold for more lucrative catch.At 2 a.m. on Jan.
German shipbuilder Meyer Werft on Thursday delivered the new cruise ship Arvia to British shipping company P&O Cruises. The sister ship of the Iona, built in 2020, also has low-emission liquefied natural gas (LNG) propulsion.At 185,000 tonnes, 345 meters in length with 16 guest decks, the newbuild can accommodate around 5,200 passengers in its 2,659 guest cabins.
Over the last few years, many statements have been made concerning growth in offshore wind turbine and foundation installation demand. These statements have been followed, in some cases, by firm orders for high-specification vessels, mainly from established players. However, many of the announcements remain unconverted into shipyard orders.
Greece rescued nine migrants and was searching for dozens of others believed to be missing after their boat sank off the island of Evia early on Tuesday, the coast guard said. Nine people have been rescued from the boat, which sank off the southern tip of Evia, Greek coast guard spokesman Nikos Kokkalas told state broadcaster ERT.
At least two people died when two boats collided on Friday in the Dutch Wadden Sea close to Terschelling island, and two people are still missing, local authorities said.A ferry boat and a smaller water taxi collided early on Friday morning, causing people on board of the smaller boat to fall in the water.
Two stretches of the southern Mississippi River were reopened to commercial traffic over the weekend after dredging operations deepened the shipping channel near Memphis, Tennessee, and near Stack Island, Mississippi, the U.S. Coast Guard said on Monday.The major shipping waterway had been closed to vessel traffic at the two locations since at least last week after several barges and boats
An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperienced captain? Whatever the reason
Ohio-based Miller Boat Line has taken delivery of its newest passenger and vehicle ferry Mary Ann Market from Fincantieri Bay Shipbuilding.The ferry left the Sturgeon Bay, Wis. shipyard on July 8 and arrived to her home port Put-in-Bay, on Ohio's South Bass Island, on July 10. The vessel is expected to enter service following its U.S. Coast Guard inspection later this month.
My first visit in 2007 to the American Society of Naval Engineers’ (ASNE) Multi-Agency Craft Conference (MACC) was an eye-opener. Having built a naval architecture career with frigates, destroyers and other large naval and commercial ships, I was eager to learn of the smaller craft used by the U.S. Navy and other government and military bodies. As my flight into Norfolk, Va.
The U.S. offshore wind segment shows no signs of slowing on its journey to deploy 30 gigawatts (GW) of offshore wind by 2030 and 110 GW by 2050. Based on current project activity we anticipate around 60 GW of offshore wind capacity to be installed by 2035.By 2035, we will see offshore wind turbines operating in the Atlantic and the Pacific and probably the Gulf of Mexico.