Global container shipping rates have surged to records on a spike in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic, shipping sources said.The Freightos Baltic Global Container Index (FBX), a weighted average of 12 major global container routes, rose to $2
A stalled global economic recovery from the coronavirus pandemic is leading to a fresh build-up of global oil supplies, pushing traders including Trafigura to book tankers to store millions of barrels of crude oil and refined fuels at sea again.The use of so-called floating storage onboard tankers comes as traditional onshore storage remains close to capacity as supplies outpace demand.
UK-based InfraStrata announced it has acquired the Appledore Shipyard located in Bideford, North Devon.The new deal follows InfraStrata’s acquisition of the Harland & Wolff Shipyard in Belfast last year. The London Stock Exchange-listed firm specializes in the development, commercialization and operation of advanced, high-value, strategic infrastructure facilities.
Allseas’ heavy lift vessel Pioneering Spirit has completed a removal campaign of processing and accommodation topsides and flare jackets as part of the Tyra Redevelopment Project for Total E&P Denmark. "Over the last two weeks, Pioneering Spirit removed more than 27,000 tonnes of platform facilities from the North Sea’s Tyra gas field
Switzerland-based MSC Cruises announced Monday that it will resume "full-experience" cruise operations on select ships in the Mediterranean starting from mid-August.The cruise lines flagship MSC Grandiosa will sail in the West Mediterranean from August 16 and MSC Magnifica in the West Mediterranean from August 29.
Bollinger Shipyards has delivered the USCGC Oliver Henry to the U.S. Coast Guard in Key West, Fla. This is the 163rd vessel Bollinger has delivered to the U.S. Coast Guard over a 35-year period and the 40th Fast Response Cutter (FRC) delivered under the current program.The new cutter is the second of three FRCs to be homeported in Apra Harbor, Guam, increasing the presence for the U.S.
The International Maritime Organization (IMO) Secretary-General Kitack Lim commended Nigeria’s antipiracy efforts in the Gulf of Guinea as the West African nation continues to make strides to curb attacks against ships in the world’s top piracy hot spot.Lim said recent actions made by the West African country to restrain piracy in the region “send a strong and valuable message to the
Ukraine's Black Sea port of Odessa is set to receive on Wednesday its first ever West Texas Intermediate (WTI) oil cargo from the United States, according to industry sources and shipping data, just a month after the front-month futures for the blend turned negative.U.S. West Texas Intermediate (WTI) May crude futures sank to minus $38 per barrel on April 20, just days before their expiration
Pirates have reportedly kidnapped 10 crew members from an oil tanker off the coast of Nigeria, maritime security consultancy Dryad Global reported.An uknown number of indiviudals on board a single speedboat are said to have attacked the Panama-flagged Vemahope on April 30, about 178 nautical miles south-southeast from Lagos, kidnapping 10 and leaving four crew on board.
Pirates attacked a Portugal-flagged ship and kidnapped its Bulgarian captain and seven sailors off the coast of Benin, Bulgaria's foreign ministry said on Tuesday.A ministry statement said the pirates who boarded the Tommi Ritscher container ship at the port of Cotonou in the Gulf of Guinea on Sunday had released 11 other members of the crew.
Bollinger Shipyards on Thursday delivered the USCGC Harold Miller to the U.S. Coast Guard in Key West, Fla. This is the 161st vessel Bollinger has delivered to the U.S. Coast Guard over a 35 year period and the 38th Fast Response Cutter delivered on the current program. The USCGC Harold Miller is the third of three FRCs to be home-ported in Galveston, Texas.
BC Ferries has awarded Remontowa Shipbuilding S.A. a contract to build an additional liquefied natural gas (LNG)-fueled vessel scheduled to go into service in the Southern Gulf Islands in 2022.This vessel will be identical to the three Salish Class vessels built by Remontowa for BC Ferries in 2016.“Our Clean Futures Plan is our path to replace diesel fuels with clean erenergy options.