A PSA Marine harbor pilot died after falling from a vessel off Singapore's Southern Islands, the Maritime and Port Authority of Singapore (MPA) said.MPA said its Marine Safety Control Center received notification at about 2:50 a.m. on February 11 that a pilot had fallen overboard while disembarking from a tugboat to board a PSA Marine launch boat.
Shipping group A.P. Moller-Maersk warned on Wednesday lower container volumes and freight rates would drive a four-fold plunge in profits this year, even as it reported record earnings for 2022.The Copenhagen-based company, which transports goods for retailers and consumer companies such as Walmart, Nike, and Unilever
The Baltic Exchange's main sea freight index extended losses to a sixth straight session on Tuesday to touch a fresh 2-1/2-year low, dragged down by a dip in capesize and panamax rates.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, fell 19 points, or about 2.6%, to 721, its lowest since early-June 2020.The capesize index lost 50 points, or 6.
Nineteen personnel fell overboard, and two of them were hurt, during a transfer from a small boat to the U.S. Navy hospital ship USNS Comfort (T-AH 20) off the coast of Haiti on Monday, the Navy said.All were safely recovered and returned to Comfort with assistance from the U.S. Coast Guard Cutter Harold Miller (WPC 1138).
The ocean freight rate landscape in the Far East has been completely redrawn since the start of the year, with spot rates plummeting by an average of 75% across the six major trading lanes, Xeneta said in its latest report.By comparison, long-term rates are proving more resilient, with a fall of ‘just’ 13%, the ocean and air freight rate benchmarking and market analytics platform said Friday.
Britain has selected a Harland & Wolff-led consortium to build three Royal Navy support ships under a 1.6 billion pound ($1.9 billion) contract that will create 1,200 jobs in UK shipyards, including in Belfast where final assembly will take place.The consortium, which comprises ship designer BMT, Harland & Wolff and Navantia UK
Shipping group Maersk warned on Wednesday of slowing demand for transport and logistics as a global recession looms and cut its forecast for container demand this year, even as it beat third-quarter earnings expectations. "It is clear that freight rates have peaked and started to normalize during the quarter, driven by both decreasing demand and easing of supply chain congestion
At least two people died when two boats collided on Friday in the Dutch Wadden Sea close to Terschelling island, and two people are still missing, local authorities said.A ferry boat and a smaller water taxi collided early on Friday morning, causing people on board of the smaller boat to fall in the water.
Water depths on the river Rhine in Germany have fallen after dry weather this week but remain well above the crisis lows of this summer, vessel brokers and commodity traders said on Friday.Rain is expected in south German river catchment areas over the weekend and next week, which is expected to raise water levels again, they said.
Water depths on the Rhine River in Germany have risen thanks to recent rain and are approaching normal levels after falling this summer to lows that disrupted transportation, vessel brokers and commodity traders said on Monday.But, since dry weather was forecast for much of this week, levels could fall again and the picture had not yet normalized, brokers said.
Water levels on the Rhine in Germany continue to fall in hot weather, sending shipping costs higher because vessels cannot sail on the river fully loaded, vessel brokers said on Friday.Freight shipping on the river continues but with vessels sometimes forced to sail 75% empty.Low Rhine water will also hit output from two German coal-fired power stations in the coming months.
Three Panamanian-flagged ships have been hit by Russian missiles in the Black Sea since Russia’s invasion of Ukraine last month, Panama’s Maritime Authority said on Wednesday.One ship sank, the maritime authority said in a statement, but there were no casualties reported. The two others remain afloat with damages.