The 2024 IMO Award for Exceptional Bravery at Sea is to go to two sets of nominees: the captain and crew of the oil tanker Marlin Luanda for containing a fire after the ship was struck by an anti-ship missile; and the captain and crew of the tugboat Pemex Maya for their rescue of six shipwrecked people from four different vessels during a hurricane.
The prices for newbuild vessels have risen to their highest level in 16 years, according to latest figures from shipping association BIMCO.“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%.
ABS chairman and CEO, Christopher J. Wiernicki, said he sees a universal, global carbon tax on shipping on the horizon, as alternative blue fuels made with carbon capture emerge as a growing part of the maritime industry's ongoing energy transition.“We need to recognize that there is an intermediate step in the energy transition
With clean energy projects maturing in U.S. waters, the nation’s offshore wind industry is poised to grow substantially, requiring a robust industrial base. A feedering model using domestic tugs and barges to transport turbines to offshore wind sites, is positioned at the heart of this emerging growth.
Lane Richards has worked in the maritime industry for 22 years. He began his career in the trades prior to a successful transition to project management and various sales management roles.After a short but successful stint at Nichols Brothers Boat Builders, Richards transitioned to head up the commercial sales effort at Puglia Engineering’s Fairhaven Shipyard prior to returning to Nichols
U.S. ocean carrier Matson is doing its part to limit whale strikes, including rerouting vessels to avoid protected areas and helping to develop cutting-edge technology that detects whales and alerts crew members of their presence.In August of last year, Matson made route adjustments to its weekly triangulating Oakland-Long Beach-Honolulu voyage to minimize the time our vessels spend inside whale
Advances in autonomous vessels – from R&D to regulatory policies to actual work – are moving rapidly. AVs include a range of vessel types and missions, from freight to law enforcement to research to defense. There are many acronyms. Some examples –AV stands for autonomous vessel.AUV is autonomous underwater vessel.MASS stands for “maritime autonomous surface ship.”NOMARS is a U.S.
Norwegian offshore vessel owner Solstad Offshore has secured contract extensions with Subsea7 for two of its subsea construction support vessels (CSVs) – Normand Subsea and Normand Energy.Subsea7 has exercised the 2025 optional charter period for the Normand Subsea.The contract is now firm until December 31, 2025, with no further options thereafter.
Capacity reduction on the Panama Canal have hurt dry bulk market, with dry bulk carrier transits down significantly (down 74% in the Q1 '24 vs. '23, with sailing distances up 31% and cargo volume down 25% year on year, according to BIMCO shipping analyst Filipe Gouveia.Low water levels in lake Gatun have caused restrictions in the number of transits through the Panama Canal at a maximum draft
“Due to the COVID-19 pandemic, the global container market grew only 1.5% from 171.0 million TEU in 2019 to 173.5 million TEU in 2023. Without the pandemic, that figure would have been 24.6 million higher, landing at 198.1 million in 2023,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.
A U.S. Coast Guard aircrew came to the aid of a Vanuatu-flagged supply vessel that was taking on water in the Caribbean Sea, approximately 22 nautical miles south of Puerto Rico.On May 25, the Sea Falcon was transiting to Tortola, British Virgin Islands with four people on board when the vessel's master reported to watchstanders at Coast Guard Sector San Juan that the 121-foot-long ship was
In 2023, the container market grew 0.2% year-on-year, ending at 173.8 million TEU. Compared to 2019, before the COVID pandemic hit, the market grew 1.5%.“Container market growth has lagged behind overall economic development significantly, as the world economy has grown 10% since 2019,” says Niels Rasmussen, Chief Shipping Analyst at BIMCO.