Maersk raised its 2022 profit guidance for a second time on Tuesday after beating quarterly revenue expectations as congested global supply chains that have boosted freight rates persist longer than expected.The shipping industry has seen record profits in recent quarters due to a surge in consumer demand and pandemic-related logjams holding up containers in key ports in China
Danish offshore services company Maersk Supply Service has won its second offshore wind installation contract in the U.S. The company, best known for its offshore support vessels, in March ordered a wind turbine installation vessel, and won its first contract with Equinor and BP to install turbines at the Empire Wind project in the U.S.
Ocean Infinity, a seabed survey and ocean research company based in the United States, has released the first photographs of their Armada 78m remotely operated ship taking to the water, and shared them with Offshore Engineer.More than two years ago, in February 2020, Ocean Infinity first announced its plans to build the world's largest fleet of unmanned surface vehicles (USV).
Like every sector of cargo and passenger shipping, “digitalization”—where computerized processes are replacing onboard routines previously handled manually— is an ongoing trend coastwise, on the waterways and harbors. Regulatory compliance, especially with Subchapter M for towing vessels
Empire Offshore Wind, a joint venture between Equinor and bp, awarded a contract to Maersk Supply Service for charter of its newbuild wind installation vessel (WIV). This vessel, together with US constructed barges and tugs built and operated by Kirby Offshore Wind, will be used for the installation of the project’s Vestas V236-15MW turbines.
Waterway traffic is coming back. November 2021 saw 52.1 million tons moving on the U.S. inland waterway system, the highest monthly tonnage since October 2019, a few months before the onset of the COVID-19 pandemic, and the shutdowns and stoppages of early 2020. Flows estimated by the Bureau of Transportation Statistics (BTS), part of the U.S.
Global shipping group CMA CGM said on Friday it will stop transporting plastic waste on its vessels from June 1 to help curb pollution.One of the world's largest container lines, the French-based firm said it currently carries the equivalent of about 50,000 standard containers of plastic waste per year.
A tug and barge ran aground Thursday night near Deerfield Beach, Fla., while transporting munitions from Port Canaveral to a U.S. Naval facility in the Bahamas.The U.S.-flagged tug Sea Eagle had four people on board when it began taking on water and went aground at 8:45 p.m. on Thursday, the U.S. Coast Guard (USCG) said.
Houston, Texas-based Kirby Inland Marine agreed to pay $15.3 million in damages and assessment costs to resolve federal and state claims for harm to natural resources resulting from a 2014 oil spill from a Kirby barge in the Houston Ship Channel, the U.S. Justice Department said.In a related enforcement action in 2016, the United States secured a settlement with Kirby for $4.
A section of the Ohio River was closed to vessel traffic on Tuesday due to towboat fire near Belleview, Ky.The U.S. Coast Guard said it issued a waterway restriction between mile marker 499 and mile marker 501 on the Ohio River after a fire reportedly broke out in the engine room aboard the towing vessel Capt. Kirby Dupuis.
Shipping group A.P. Moller-Maersk said on Tuesday record-high freight rates boosted quarterly earnings despite lower container volumes due to congestion at ports.The coronavirus pandemic has prompted a shortage of container ships and logjams at ports at a time of high consumer spending, pushing the cost of transporting freight to record levels.
Among transportation planners, “resilience”, describing the ability to bounce back from adversities, both economic and other, has become a top consideration as we increasingly must “expect the unexpected.” The U.S. waterway system, covering the network of inland rivers and coastwise waterways, has seen a mix of good and not so good.