At least five fully-laden liquefied natural gas (LNG) tankers are idling offshore India, as yet unable to discharge their cargoes, after importers there declared force majeure earlier this week, according to an analyst and shipping sources.Gas demand is falling globally amid the fast-spreading coronavirus which has capped industrial output
All American Marine, Inc. (AAM) won a contract by SWITCH Maritime (SW/TCH) to complete the aluminum construction and outfitting of a 70-foot 84-passenger zero-emissions, hydrogen-powered, electric drive ferry that will operate in the California Bay Area (referred to as the ‘Water-Go-Round’ project).Prior to transfer to AAM, the project had begun at Bay Ship & Yacht shipyard in Alameda, Calif.
The discount on front-month Brent crude oil futures to later contracts increased to an 11 year high on Thursday, as the coronavirus pandemic continued to cause an unprecedented slump in global demand. The spread on the May to November contracts had widened to as much as minus $10.31 per barrel at 1004 GMT, a level not seen since January 2009.
The St. Lawrence Seaway’s 62nd navigation season kicked off on Tuesday with the transit of the Canadian-flagged cement carrier NACC Argonaut through Lock 8 on the Welland Canal.Then, in the early hours on Wednesday morning, first U.S.-flag commercial vessel transited the locks at Sault Ste. Marie, Mich., signaling the start of the U.S. fleet's 2020 sailing season.
The century-old Amsterdam canal boat Gerarda Johanna looks like a classic with wood paneling, but beneath its floorboards lies a high-tech underbelly: rows of lithium ion batteries, 66 in all, with an electric drive train powering its propeller.The boat is part of a push by Amsterdam’s new Green Party mayor to ban diesel engines from the center’s ancient canals by 2025
A cargo ship drifted onto a beach in southern Israel on Thursday after heavy winds and stormy weather forced the vessel away from its anchor point near the port of Ashdod.The 90 meter-long Zelek Star was carrying cement and other goods from Greece to Israel when it was swept away and approached Oranim Beach, officials said.
Born and raised on the water by entrepreneurial parents, Basjan Faber knew from a young age that his future and fate was in maritime, specifically ship design. Today the CEO leads a vibrant, diverse and fast-growing naval architecture firm that he co-founded with partners in 2007. Headquartered in Amsterdam, C-Job has a unique approach to its business and is expanding its international footprint
With 50 years of history, the Azimut | Benetti Group is recognized as the world’s largest motor yacht builder (global orderbook 2019). For nearly 10 years Azimut has been producing a wide range of luxury motor yachts in Brazil. Maritime Reporter´s correspondent in Brazil interviewed Italian executive Davide Breviglieri, CEO of Azimut Yachts do Brasil.
P&O FERRIES has signed a contract with Guangzhou Shipyard International Ltd worth $285 million for two new 230-meter super-ferries – the largest ever to sail between Dover and Calais – that will be operational by 2023. The contract includes options to build two further vessels by 2024.
Hybridization in the marine world is transitioning from the latest fad to a key part of vessel design and retrofits. Driven in part by a demand for increased efficiency and new waves of global legislation, hybridizing or electrifying a vessel is quickly becoming necessary for organizations.
Newbuild MarketUnsurprisingly, across the offshore sectors, newbuild orders have been scarce to none. Oversupply is still a major problem for the industry and due to slippage, ordering vessels now would be counterproductive. Why order brand new vessels from a yard and wait several years for these to be delivered
The expedition cruise ship market maintains its torrid pace with news that Oceanwide Expeditions has orders another Polar Class 6 ship, following the success of its ship Hondius.Croatian shipyard Brodosplit, the builder of Hondius, won the follow on order for M/V Janssonius, which is scheduled to be completed in October, 2021.