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
Australian police said on Thursday they have taken the “black box” of a cruise ship which disembarked hundreds of passengers infected with the coronavirus in Sydney, as part of a homicide investigation into the country’s deadliest infection source.The investigation got underway as the Australian authorities said the rate of new coronavirus infections hit its lowest number in three weeks and
Philly Shipyard has been awarded a contract to build up to five National Security Multi-Mission Vessels (NSMV) that will enable at-sea training for America’s future mariners and support humanitarian assistance and disaster relief in times of need.TOTE Services, selected in May 2019 by the U.S.
Ships must be allowed to change over overworked and exhausted crews to help to keep trade flowing as coronavirus lockdowns shut many transit points across the globe, shipping industry officials said on Tuesday.About 90% of world trade is transported by sea but a deepening lockdown in many countries and suspended air travel have disrupted supply chains
The 2020 Offshore Technology Conference (OTC) has been canceled due to the coronavirus pandemic."While OTC’s purpose is to provide an opportunity for those in the offshore petroleum industry from around the world to meet and share knowledge, our first priority is to the health and safety of our attendees and exhibitors.
Along the 1,600-mile, ice gray arch of the St Lawrence Seaway, the 2020 Great Lakes commercial shipping season will lurch back to life on March 25 when the Soo Locks at Sault Ste. Marie, Mich. reopen.The ceremonial opening signals a passage with passable ice and the 114th Great Lakes season for its fleet of 45 venerable lakers.
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.
U.S. federal officials are calling for new safety rules following the fatal sinking of a Missouri amphibious passenger vessel in July 2018.Seventeen of the 31 people aboard the modified WWII DUKW amphibious passenger vessel, or "duck boat", Stretch Duck 7 died, when the vessel sank during a rapidly developing high-wind storm on Table Rock Lake near Branson, Mo.
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia, raising the prospect of supply disruptions weeks after attacks on Saudi oil plants.The Suezmax crude tanker Sabiti was ablaze and suffered heavy damage after being hit by two missiles, Iranian media reported.
The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the designation of nine Marine Highway Projects and a Marine Highway Route that will benefit Connecticut, Florida, Michigan, New York, Oregon, Texas, Virginia, Washington State and American Samoa. Marine highways are navigable waterways that can be used as alternate options to traditional shipping methods.