The board of Wallem Group announced that chief executive Frank Coles has resigned and will be leaving the company shortly.As many will be aware, Coles has been very active in highlighting the plight of seafarers during the COVID-19 pandemic, and he now wishes to become more involved in promoting their welfare, as well as pursuing other opportunities.
Container shipping giant Mediterranean Shipping Company (MSC) counts biofuels and hydrogen-based fuels among options worth studying to potentially help the shipping industry meet decarbonization targets, one of the company's executive told an industry conference in Switzerland on Monday.“There’s no one single solution to decarbonize shipping.
Mexican authorities said on Sunday they had confiscated a vessel in the Gulf Coast state of Veracruz and a warehouse in neighboring Tabasco along with storage tanks and trucks used by criminal groups to steal, transport and store hydrocarbons.Fuel theft has been a problem in Mexico for decades but President Andres Manuel Lopez Obrador has enacted a range of measures to stamp out the practice and
The U.S. Army Corps of Engineers (USACE) officially kicked off the project to deepen of the Mississippi River Ship Channel to 50 feet Friday, as Weeks Marine’s cutterhead dredge Captain Frank started dredging 5 miles above the Head of Passes.The USACE awarded this first contract for the Ship Channel deepening to Weeks Marine on September 3, 2020, and the Captain Frank started the deepening Friday.
July marked the busiest month in the 109-year history of the Port of Long Beach as terminal operators and dockworkers moved 753,081 cargo container units, topping a record set two years ago.Trade increased 21.1% in July compared to the same month in 2019. The previous single-month record of 752,188 twenty-foot-equivalent units (TEUs), set in June 2018, was surpassed by nearly 900 TEUs.
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has been awarded a $936 million contract for the construction of an additional Arleigh Burke-class (DDG 51) Flight III destroyer for the U.S. Navy. In 2018, Ingalls was awarded a $5.1 billion fixed-price incentive, multiyear contract for construction of six Arleigh Burke-class Flight III destroyers for the U.S. Navy.
Carnival Cruise Line said on Monday it has extended its pause in operations for North American voyages until September 30, as it determines how to safely resume service amid the COVID-19 pandemic.The cruise line, owned by Carnival Corp, had previously said it would resume some voyages on August 1.
The world's largest containership HMM Algeciras made its first European port call this week, entering Rotterdam’s Amaliahaven Wednesday on its maiden voyage to transfer containers at the Rotterdam World Gateway (RWG) terminal.The most recent vessel to hold the world’s largest containership crown
The sulfur regulation from the International Maritime Organization (IMO) that came into force on 1 January 2020 took the center stage in the shipping industry at outset of the new decade. Four months on, the spotlights have turned to the coronavirus and the OPEC+ oil price war.The outlook for global economic growth remains bleak as the world is faced with the largest recession since the Great
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
Classification society DNV GL had awarded a new class notation to mitigate fire risks on containerships to MSC Mediterranean Shipping Company. The notation, announced by DNV GL – Maritime CEO Knut Ørbeck-Nilssen in London, has been implemented on the largest containerships in the world, the 23,000+ TEU MSC Gülsün class.The new FCS notation is targeted exclusively towards containerships.
The final quarter of 2019 marked a massive decline of high-sulphur fuel oil (HSFO) sales, as the industry transitioned into compliance of the International Maritime Organization's (IMO) 2020 Sulphur Cap (IMO 2020). In Singapore, the world’s largest bunkering hub, the bunker sale landscape saw significant change as the sale of high-sulphur fuel oil dropped tremendously in a matter of months.