The ICC International Maritime Bureau (IMB) has reported an increase in the number of crew taken hostage or kidnapped in 2024.The IMB annual Piracy and Armed Robbery Report recorded 116 incidents against ships in 2024 compared to 120 in 2023 and 115 in 2022. It reveals that 94 vessels were boarded, 13 attempted attacks, six vessels hijacked and three fired upon.
Chinese and Indian refiners will source more oil from the Middle East, Africa and the Americas, boosting prices and freight costs, as new U.S. sanctions on Russian producers and ships curb supplies to Moscow's top customers, traders and analysts said.The U.S. Treasury on Friday imposed sanctions on Russian oil producers Gazprom Neft and Surgutneftegas
It’s already possible to have smart decision support on the bridge: With Furuno’s technology, live video imagery of the front view from the vessel has navigation information superimposed on it including heading, AIS data, radar target tracking, object identification, route waypoint and chart information.SEA.
Dry bulk contracting falls 70% below average amid low rates.“Over the past three months, dry bulk newbuilding contracting has been 70% below the yearly average. Declining freight rates in recent months, a cloudy outlook and high newbuilding prices contributed to the slowdown, and contracting in 2024 will likely fall short of 2023 levels,” says Filipe Gouveia, Shipping Analyst at BIMCO.
Land access to a vital supply port in the Haitian capital of Port-au-Prince is being closed off after attacks by armed gangs, operator Caribbean Port Services (CPS) said on Thursday."CPS will shut its barriers to all types of land-based traffic from Sept. 26 to Sept. 29," it said in a statement, saying that the suspension should allow the army and national police to secure the area.
U.S. companies that rely on East and Gulf Coast seaports have been importing early, shifting goods to the West Coast, and even putting cargo on pricey flights to hedge against a threatened Oct. 1 strike that could jam supply chains and reignite inflation ahead of the U.S. presidential election.
U.S. Gulf of Mexico energy firms on Friday were lumbering back from hurricane disruptions as offshore oil and gas producers ramped up operations after halving the key energy region's output, ports reopened, and onshore terminals accepted oil and liquefied natural gas (LNG) tankers.Hurricane Francine shut in up to 42% of the region's offshore oil and 53% of its natural gas production.
Norwegian Cruise Line Holdings on Wednesday raised its annual profit forecast for a third time this year, riding on sustained demand for luxury voyages and higher ticket prices.With people continuing to splurge on experiences and services over discretionary goods, operators have seen record booking rates for affordable cruise vacations, giving them enough opportunity to increase ticket prices.
The shipping industry's pledge to limit its carbon footprint may suffer a setback as the current Red Sea crisis prompts it to use more vessels and take longer routes to ensure the smooth sailing of global maritime trade.Iranian-backed Houthi militants' attacks on vessels passing through the southern Red Sea have choked trade through the Suez Canal
Singapore’s Majestic Fast Ferry expands its fleet courtesy the delivery of a pair of new, Incat Crowther-designed 42-m ferries. There are additional sisterships under construction at Indonesia's PT Cahaya Samudra.The 343-passenger ferries operate at a maximum speed of 39 knots and a cruising speed of 36 knots.
A formal naming ceremony was held at the CSSC Huangpu Wenchong Shipbuilding Company in the Chinese province of Quanzhou on April 26 for AAL Shipping’s new heavy lift vessel, AAL Limassol.Due to sail on her maiden voyage from China into Europe, the 32,000 deadweight AAL Limassol is set to carry a full weather deck of project heavy lift cargo, including two 135-meter-long barges, weighing 1
Singapore’s Majestic Fast Ferry Pte Ltd has commissioned Incat Crowther to design a new second generation 39-m passenger ferry as the basis of its future fleet. Incat Crowther’s range with PT Cahaya Samudra covers four vessels lengths; 29-, 32-, 39- and 42-m. Eleven of Majestic’s first-generation Incat Crowther / PT Cahaya Samudra vessels have been sold to operators in Europe, Asia