About two dozen cases of COVID-19 have been recorded among the crew of an Australian warship expected to arrive in coronavirus-free Tonga on Wednesday to deliver humanitarian aid, Australian authorities said on Tuesday.Tonga, hit by a massive volcanic eruption and a tsunami on Jan.
European Commission proposals to bring shipping into the bloc's carbon market contain exclusions for small commercial and military vessels that would leave millions of tonnes of CO2 emissions unregulated, an NGO study showed on Thursday.With about 90% of world trade transported by sea, global shipping accounts for nearly 3% of the world's CO2 emissions.
Sturgeon Bay, Wis. shipyard Fincantieri Bay Shipbuilding said it has delivered the 340-ft. liquefied natural gas (LNG) bunkering barge, Clean Canaveral, to Polaris New Energy on Friday, December 3.Built as part of an articulated tug and barge unit (ATB), the 5,500 cubic meter capacity barge is the largest of its kind ever built in the U.S.
U.S. lawmakers on Wednesday urged the Transportation Department to take action to address persistent allegations of rape, sexual assault, and sexual harassment made by midshipmen at the government's main school for merchant mariners.Lawmakers said a "toxic culture" had allowed sexual abuse to fester and go unchallenged at the U.S.
The Baltic Exchange's main dry bulk sea freight index extended its rally on Wednesday as robust demand and port congestion propelled the capesize index above 10,000 points for the first time in more than 13 years.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, rose 238 points, or 4.4%, to 5,647, its highest since September 2008.
The global oil tanker market faces another year of low earnings as the coronavirus pandemic and vaccine inequalities disrupt demand and producers limit output of crude, a shipping analyst said on Wednesday.The earnings of very large crude carriers (VLCCs) that carry the bulk of crude stand at about $10,000 a day, down from 2020 record highs of more than $240,000
For almost three months now, the spot freight rate for containerized goods shipped by sea from North Europe to the U.S. East Coast has been 210% higher than last year (July 1 – September 23), according to shipping organization BIMCO.It wasn’t until April 1, 2021 that we saw the ripple effects from the globally stretched supply chains impacting front-haul freight rates on the Transatlantic
The Dutch emergency response team hired to free the vast ship blocking the Suez canal has pulled off some dramatic recoveries, including lifting Russia’s Kursk nuclear submarine from the Barents Sea floor, but says this is one of the trickiest.Weighing 200,000 tonnes without cargo, the Ever Given is the heaviest vessel that Smit Salvage
The ownership of dry bulk ships has changed hands at blistering speed in the first three months of 2021, says shipping organization BIMCO, pointing out that the course is now set for a record year in the bulk ship sale and purchase market.A total of 794 ships were bought and sold in 2020, with the smaller sectors of Handysize and Supramax being most popular.
The Baltic Exchange's main sea freight index on Wednesday climbed to a near 1-1/2-year high as panamax rates scaled a more than 10-year peak on China grain demand.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 88 points, or 4.4%, to 2,105, a peak since September 2019.The panamax index gained 211 points, or 8.
SBM Offshore, the Dutch-based FPSO company, said Tuesday that the topsides lifting campaign for the Liza Unity FPSO was recently completed. The FPSO is being built for deployment at ExxonMobil's Stabroek offshore block in Guyana."Thanks to the efforts of the integrated team, over 26
The Biden administration said on Wednesday it would restart permitting for the first major U.S. offshore wind farm, reversing a Trump administration decision that canceled the process late last year.The U.S. Bureau of Ocean Energy Management (BOEM) said in a statement it would resume environmental review of the Vineyard Wind project as part of the administration's broad plan to speed renewable