Freight volumes in the Port of Rotterdam fell 6.9% in 2020 because of the coronavirus crisis, the biggest drop in about a decade but smaller than had been expected, Europe’s largest sea port said on Friday.The port's Chief Executive Allard Castelein told reporters he expected a recovery that began in the second half of 2020 to continue this year but said throughput was not expected to reach
The global offshore wind industry has been picking up pace unabated by the global pandemic, with industry investments growing and offshore wind turbine makers competing on who'll build a larger turbine. With offshore wind turbines, bigger is better, Rystad said recently.Wind turbine manufacturer Siemens Gamesa in May 2020 announced it was working on developing wind turbines with up to 15MW
As we greet 2021, it seems fitting to address a “big” topic - a topic that is ultimately going to change everything, including (and perhaps especially) training. The topic is “big data”. The goal of today’s Training Tip for Ships is to get us thinking about big data in training. If we understand it, we can lay the groundwork to take advantage of it.
Britain clinched a narrow Brexit trade deal with the European Union on Thursday, just seven days before it exits one of the world’s biggest trading blocs in its most significant global shift since the loss of empire.The deal, agreed more than four years after Britain voted narrowly to leave the bloc
Carnival Corporation's Costa Cruises has taken delivery of the new cruise ship Costa Firenze designed and built by Fincantieri at its Marghera shipyard.With 135,500 gross tonnage and a capacity of more than 5,200 guests, the Costa Firenze is part of a €6 billion ($7.3 billion) development plan that includes seven new ships to be delivered for the Costa Group by 2023.
Italy’s plan to create a European shipbuilding champion through Fincantieri’s bid for France’s Chantiers de l’Atlantique will be decided by the end of December, its chairman said on Monday, amid signs the deal is in trouble.Italy hopes the tie-up will help state-controlled Fincantieri, Europe’s biggest shipyard, better compete with rivals from Asia and elsewhere.
Royal Dutch Shell said on Thursday its Prelude floating liquefied natural gas (FLNG) project off Australia, off line since early February, is working on restarting operations but would not resume full production this year. The troubled Prelude FLNG platform was shut down following an electrical trip and Shell has faced a number of issues over the past few months in trying to restart full
While COVID-19 has proven to be the biggest business disruption event in generations, for the once-booming cruise shipping industry it has meant a hard stop. Getting back to cruising will be neither fast nor easy. We reached out to Captain Havard Ramsoy, Vice President, Marine Operations and Safety, Genting Cruise Lines for insights on the path forward.
A cruise ship at the heart of Australia’s biggest coronavirus cluster arrived off the Philippines on Thursday to repatriate more than 200 crew, leaving behind weeks of outrage and acrimony over why symptomatic passengers were allowed to disembark.Just under a quarter of Australia’s 97 coronavirus deaths can be traced back to Carnival Corp’s Ruby Princess
South Korean ocean carrier HMM held a naming ceremony for the newly constructed 24,000 TEU-class containership HMM Algeciras, the world’s largest containership, at the Daewoo Shipbuilding & Marine Engineering’s (DMSE) Okpo shipyard in Geoje, Korea.The 399.9-meter HMM Algeciras is the first of a dozen 24,000 TEU-class vessels scheduled to be delivered this year
Traders are storing an estimated record 160 million barrels of oil on ships - double the level from two weeks ago as they seek to tackle a glut of stocks created by a slide in global demand from the coronavirus, shipping sources say.Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russia have agreed a record cut in output from May of 9.
The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause an unprecedented slump in global demand. The spread on the May to November contracts had widened to as much as minus $10.31 per barrel at 1004 GMT, a level not seen since January 2009.