A fire that broke out during the maiden voyage of the world's first liquified hydrogen (LH2) carrier gas carrier Suiso Frontier was caused by an onboard electrical issue, an Australian Transport Safety Bureau (ATSB) investigation foundThe 116-meter vessel, built as a prototype ship to assess the technical aspects of transporting LH2 by sea, had arrived at the Port of Hastings
Svitzer Australia, a subsidiary of A.P. Møller – Maersk, announced on Monday that it will lock out all harbor towage employees covered under its 2016 National Towage Enterprise Agreement and their union bargaining representatives starting Friday, November 18, amid ongoing pay disputes.
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
Norway will receive help from Britain, Germany and France to patrol the seas around its oil and gas platforms amid suspicion that sabotage caused leaks in Nord Stream pipelines earlier this week, Norway's prime minister said on Friday.Russia's Nord Stream 1 and Nord Stream 2 pipelines burst this week, draining gas into the Baltic Sea off the coast of Denmark and Sweden.
Canadian shipbuilding and ship repair company Seaspan Shipyards announced on Tuesday that John McCarthy has been named CEO, effective immediately.A member of Seaspan Shipyards' senior leadership team since 2018, McCarthy succeeds Mark Lamarre, who assumes a new role as president and CEO of The Washington Companies, following the planned retirement of previous president and CEO, Larry Simkins.
Frontline and rival Euronav have signed an all-stock merger deal to create a market-leading oil tanker group with 146 vessels including 68 very large crude carriers (VLCCs), the companies said on Monday.The firms, which expect the merged company to have a market capitalization of more than $4 billion and the merger to generate synergies of at least $60 million a year
Norway's Yara and Azane Fuel Solutions have signed a deal to create a Scandinavian network of bunker terminals to supply ships with zero-carbon ammonia as marine fuel, the companies said on Friday.They said the network will make "green" ammonia - produced from renewable electricity - available for the shipping industry in the region by 2024
Heavy tug boats on Tuesday sprayed water on a burning ship carrying thousands of Porsches and Bentleys adrift off the coast of Portugal's Azores islands, the ship's manager said in a statement.The Felicity Ace, carrying around 4,000 vehicles including Porsches, Audis, and Bentleys, some with lithium-ion batteries, caught fire on Wednesday last week.
A ship carrying around 4,000 vehicles, including Porsches, Audis and Bentleys, that caught fire near the coast of the Azores will be towed to another European country or the Bahamas, the captain of the nearest port told Reuters on Friday.Lithium-ion batteries in the electric cars on board the vehicle carrier Felicity Ace have caught fire and the blaze requires specialist equipment to extinguish
Finnish shipyard Rauma Marine Constructions held a keel laying ceremony of Spirit of Tasmania IV, a car and passenger ferry being built for the Tasmanian TT-Line Company.TT-Line, which operates between mainland Australia and Tasmania, has commissioned two identical Spirit of Tasmania vessels from RMC. The large-scale project is the biggest individual foreign sale between Australia and Finland.
Frontline signaled optimism over its planned merger with rival Euronav on Tuesday, supported by recovering oil tanker markets in the first quarter and expectations of tight vessel supply in the coming years.The crude shipping market has struggled with low earnings since the pandemic first hit oil transport demand two years ago.
A fire which swept through a cargo ship carrying thousands of luxury cars and adrift off the coast of Portugal's Azores islands has lost its intensity, probably because there is little left to burn, a port official said.The Felicity Ace, carrying around 4,000 vehicles including Porsches, Audis and Bentleys, some electric with lithium-ion batteries