Swiss-based container group MSC has overtaken Denmark's Maersk as the world's biggest shipper, the company said, confirming data from intelligence provider Alphaliner.After taking delivery of several ships last year, MSC or Mediterranean Shipping Company has capacity to move the equivalent of 4,284 million twenty-foot containers, Alphaliner said. That compares with Maersk's 4,282 million.
Nippon Yusen and Kawasaki Kisen Kaisha, Japan's biggest and third-biggest shipping companies, reported record quarterly profits as they benefited from higher freight rates amid the chaos hitting global supply chains.The logjams and bottlenecks in the world's trade system, which threatens to derail a recovery from the worst health crisis in a century
The world's largest offshore wind developer Orsted is concerned that Big Oil's eagerness to harness wind at sea could push up prices for seabed leases, making the technology less competitive, its chief executive told Reuters.European oil firms including Total, BP, Equinor and Shell have all outlined plans to speed up investments in renewables, including offshore wind
The Navy is known for its big ships. It has a lot of smaller boats and craft, too—3,200 of them.The three primary stakeholders for these craft are the Surface Fleet, Commander Navy Installations Command and Navy Expeditionary Combat Command. Other stakeholders include Submarine Forces; Air Forces (which own the aircraft carriers); Naval Special Warfare; the Coast Guard; Naval Facilities Command
The Baltic Exchange's main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or 1.4%, to 2,788, its highest since September 2010.The main index firmed 16.
Suez Canal salvage teams intensified excavation and dredging on Sunday around a massive container ship blocking the busy waterway ahead of attempts to refloat it, with two sources saying work had been complicated by rock under the ship’s bow.Diggers were working to remove parts of the canal’s bank and expand dredging close to the ship’s bow to a depth of 18 meters
The Suez Canal Authority said on Thursday it had discussed the option of dredging around a vast container ship stranded in the waterway during a meeting with a rescue team from Dutch firm Smit Salvage.Current efforts to free the ship include the use of two dredgers, nine tugs, and four diggers on the canal bank, the authority added in a statement.
The owner and insurers of one of the world's largest container ships stuck in the Suez Canal face claims totaling millions of dollars even if the ship is refloated quickly, industry sources said on Wednesday.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement
The shortest shipping route from Europe to Asia remained blocked on Wednesday as 10 tug boats struggled to free one of the world's largest container ships after it ran aground in the Suez Canal.The 400-metre, 224,000-tonne Ever Given ran aground on Tuesday morning after losing the ability to steer amid high winds and a dust storm, the Suez Canal Authority (SCA) said in a statement.
The U.S. is going to need a fleet of Jones Act-compliant vessels to support its budding offshore wind industry. The good news is that several of these vessels are currently operating or on order. Even better, there are plenty more in the pipeline.In 2016, Rhode Island-based Atlantic Wind Transfers (AWT) put into service the U.S.’ first-ever vessel purpose-built for offshore wind services.
Freight volumes in the Port of Rotterdam fell 6.9% in 2020 because of the coronavirus crisis, the biggest drop in about a decade but smaller than had been expected, Europe’s largest sea port said on Friday.The port's Chief Executive Allard Castelein told reporters he expected a recovery that began in the second half of 2020 to continue this year but said throughput was not expected to reach
The global offshore wind industry has been picking up pace unabated by the global pandemic, with industry investments growing and offshore wind turbine makers competing on who'll build a larger turbine. With offshore wind turbines, bigger is better, Rystad said recently.Wind turbine manufacturer Siemens Gamesa in May 2020 announced it was working on developing wind turbines with up to 15MW