Singapore has held onto its status as the world's top maritime hub for the ninth consecutive year, according to a recent index report.The Xinhua-Baltic International Shipping Centre Development Index Report, jointly published annually by Chinese state news agency, Xinhua, and global maritime data provider, the Baltic Exchange
New federal money promises dramatic impacts throughout the United States’ inland waterways system in 2022 and beyond. This report focuses on America’s central rivers; the Western rivers will be covered in a future report. These central rivers reach 11,000 miles, from Pennsylvania to Florida and from Texas to South Dakota.Consider the money within the U.S.
Long-serving marine, energy and industrial market consultancies International Maritime Associates and World Energy Reports have merged to form Intelatus Global Partners.While Intelatus is a new name, its team of business consultants has nearly five decades of experience across the entire maritime supply chain, producing multi-client analytical studies for sectors including offshore oil and gas
Oil company Taylor Energy Co LLC agreed to transfer a $432 million cleanup trust account to the U.S. government and pay an additional $43 million to resolve a lawsuit over its role in the longest-running oil spill in U.S. history under a proposed deal filed in New Orleans federal court on Wednesday.
Naval architecture firm LMG Marin has secured a contract to design a zero-emissions tanker for Grieg Edge, the dedicated innovation unit of the Grieg Maritime Group. The vessel is said to be the world’s first green ammonia-fueled tanker, according to the Norway-based designer, a wholly-owned subsidiary of Singapore-headquartered Sembcorp Marine.
A section of the oil pipeline that burst off the Southern California coast was displaced 105 feet (32 meters) across the ocean floor, officials said on Tuesday, fueling speculation that a ship's anchor may have caused the environmental disaster.The revelation came as the U.S. Coast Guard and drilling company Amplify Energy Corp came under further scrutiny about the time it took to respond to the
More oil from a massive offshore spill landed on the southern California shore on Monday, with beaches closed and dead fish and birds washing up on shore as officials investigated whether a ship anchor striking a pipeline could have triggered the leak.Crews dressed in white coveralls and helmets raced against an approaching storm as they cleaned damage from 3,000 barrels (126
The Baltic Exchange's main sea freight index on Monday rose to a more than 11-year peak on rising demand for all vessel sizes, with capesize rates extending their winning run to an 11th straight session.The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 55 points, or about 1.3%, to its highest since mid-2010 at 4,147.
Norwegian cruise and travel operator Hurtigruten Group will cut short a voyage in the Antarctica region following an outbreak of the coronavirus, the company said on Thursday.Ten people on board the MS Roald Amundsen cruise vessel had tested positive for COVID-19, and the ship will return to port in Chile two days ahead of schedule, said a spokesperson for Hurtigruten Expeditions
The Baltic Exchange's dry bulk sea freight index on Tuesday declined to its lowest level since early June, weighed by lower demand for the larger capesize and panamax vessel segments.The overall index, which factors in rates for capesize, panamax and supramax vessels, fell 168 points, or 6.1%, to 2,591, its lowest level since June 9.The main index was down for a fourth straight session.
The Baltic Exchange's main sea freight index eased on Thursday, but still gained about 53% for the quarter on the back of robust demand for dry bulk vessels, especially capesizes.The overall index, which factors in rates for capesize, panamax, supramax and handysize vessels, fell 30 points, to 5,167, from the 13-year peak it scaled on Wednesday.
When MS Otto Sverdrup departed Hamburg, Germany, on itsmaiden voyage on August 24, Hurtigruten marked off three milestones: Introduction of Hurtigruten Expeditions’ third battery-hybrid powered cruise ship; Introduction of the first year-round expedition cruises from Germany; and a return of expedition cruises after more than a year of pandemic pause.