Capacity reduction on the Panama Canal have hurt dry bulk market, with dry bulk carrier transits down significantly (down 74% in the Q1 '24 vs. '23, with sailing distances up 31% and cargo volume down 25% year on year, according to BIMCO shipping analyst Filipe Gouveia.Low water levels in lake Gatun have caused restrictions in the number of transits through the Panama Canal at a maximum draft
“Global soya bean exports are forecast to grow by 8% between 2023 and 2025 based on data from the United States Department of Agriculture (USDA). Stronger import demand from China will be met by larger harvests in the US and Brazil and in the near term, soya beans are expected to be a key growth driver for global grain shipments,” says Filipe Gouveia, Shipping Analyst at BIMCO.
The London P&I Club said that Ian Gooch will be stepping down during the year from the role of CEO after 15 years as CEO and 21 years as a Director of A.Bilbrough & Co., the company that manages The London P&I Club.Subject to regulatory approval, Ian Gooch will be succeeded by James Bean, from NorthStandard P&I Club.
The first new LNG-fueled escort tug built by Sanmar Shipyards in Türkiye for HaiSea Marine has arrived in Vancouver, Canada, ahead of being transferred to LNG Canada’s new export facility in Kitimat.HaiSea Kermode is Canada’s first LNG-fueled tugboat and will soon be joined by its sister tug HaiSea Warrior to form a fleet of five with three Sanmar-built electric-powered emissions-free ElectRA
One of the United States' largest fleeting and shifting companies, Turn Services, headquartered in New Orleans, announced it has reached a deal to acquire Marine Fueling Service, a Texas-based provider of marine support services.Owned by the Bean family for over six decades, MFS provides fleeting, shifting, towing, boat charter, fuel, and lube services
EST-Floattech has been selected by KOTUG International to provide its containerized energy storage solution with Octopus Series energy modules for the E-Pusher 1 (Type M), the world’s first fully electric pusherboat operated by Cargill.The vessel was built by Padmos, and EST-Floattech worked with the yard, Sea and Shore, and Gebhard Electro to realize the system.