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1/20

Wallenius Wilhelmsen Announces 2,500 Temporary Layoffs in U.S. and Mexico

Wallenius Wilhelmsen Announces 2,500 Temporary Layoffs in U.S. and MexicoWallenius Wilhelmsen has announced temporary layoffs of 2,500 workers as it suspends operations at several land-based processing facilities in the U.S. and Mexico as the coronavirus pandemic wreaks havoc on its business.

3 Ships Approached in Two Days off West Africa

3 Ships Approached in Two Days off West AfricaCargo ships transiting the waters off the coast of West Africa have reported at least three suspicious approaches over the past two days.

US Navy reports three coronavirus cases onboard aircraft carrier

US Navy reports three coronavirus cases onboard aircraft carrierThree sailors aboard the US Navy’s aircraft carrier USS Theodore Roosevelt underway in the Pacific Ocean were diagnosed with COVID-19 and were evacuated from the ship, Acting Navy Secretary Thomas B. Modly said.

Tanker broke in two, sank or sinking, Mediterranean

Tanker broke in two, sank or sinking, MediterraneanProduct tanker LADY SANDRA was caught in rough seas and issued distress signal at around 2030 UTC Mar 25, reporting severe structural damages and hull about to break in two, E of Valetta Malta.

Cargo Ship Runs Aground off Scottish Coast

Cargo Ship Runs Aground off Scottish CoastA Norwegian cargo vessel ran aground off the Isle of Skye, Scotland, on March 23.

Shipping Industry Sees Growth in Remote Surveys in Times of Coronavirus Crisis

Shipping Industry Sees Growth in Remote Surveys in Times of Coronavirus CrisisAs the maritime industry adjusts to the constraints placed on people’s movements imposed by governments to limit the spread of the coronavirus, remote ship surveys and inspections are becoming increasingly popular.

NATO frigates enter Black Sea

NATO frigates enter Black SeaStanding NATO Maritime Group Two (SNMG2) units entered the Black Sea on March 23 for routine operations in the area, including upcoming exercises with the Georgian Navy.

Shiprecycling in Pakistan and India in Limbo

Shiprecycling in Pakistan and India in LimboThe coronavirus pandemic has practically paralysed the ship demolition market in South Asia as lockdown measures continue to be introduced across the subcontinent.

CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal Link

CMA CGM Closes USD 815 Mn Sale of Eight Port Terminals to Terminal LinkFrench container shipping and logistics company CMA CGM has completed a first transaction related to the sale of eight port terminals to Terminal Link, a joint venture between CMA CGM and port developer and operator China Merchants Port Holdings (CMP).

Norwegian Cruise Line Investigated for Alleged Downplaying of COVID-19 Risks

Norwegian Cruise Line Investigated for Alleged Downplaying of COVID-19 RisksFlorida attorney general Ashley Moody’s office has launched an investigation into alleged misleading sales pitches from Norwegian Cruise Line about the impact of the coronavirus.

Indian Ports in Chaos as Virus Lockdown Hits Operations

Indian Ports in Chaos as Virus Lockdown Hits OperationsIndia’s government told all major ports that the coronavirus fight is a valid reason to halt some port operations, leaving traders in disarray about the flow of goods in and out of the world’s seventh-biggest economy.

Business of Shipping: Container Shipping Well-Positioned to Withstand COVID-19 Downturn

Business of Shipping: Container Shipping Well-Positioned to Withstand COVID-19 DownturnThe world’s container shipping industry is well-positioned to withstand the COVID-19 -induced downtown, say industry experts.

Equinor to Cut 2020 CapEx by $3 Billion

Equinor to Cut 2020 CapEx by $3 BillionNorwegian oil firm Equinor plans to cut investments, exploration drilling and operating costs by around $3 billion to help weather the coronavirus crisis and low oil prices.

Tsakos: We Are in Uncharted Territory, but We Are Experts in Navigating Things

Tsakos: We Are in Uncharted Territory, but We Are Experts in Navigating ThingsThe first two quarters of 2020 look very promising for the tanker markets, according to Nikolas Tsakos, President and CEO of Tsakos Energy Navigation (TEN).

Odfjell Terminals US Secures USD 250 Mln Loan

Odfjell Terminals US Secures USD 250 Mln LoanOdfjell Terminals US (OTUS), jointly owned by Norwegian terminal operator Odfjell SE and Candian Northleaf Capital Partners, has closed a new five-year, USD 250 million revolving credit facility.

Ammonia as Carbon-Free Fuel: Wärtsilä Conducts First Combustion Trials

Ammonia as Carbon-Free Fuel: Wärtsilä Conducts First Combustion TrialsFinnish technology group Wärtsilä has initiated combustion trials using ammonia to prepare itself for the use of ammonia as a fuel that can contribute to reducing both the shipping’s and energy sectors’ greenhouse gas emissions.

EU Commission Extends Consortia Block Exemption for Liner Shipping

EU Commission Extends Consortia Block Exemption for Liner ShippingThe European Commission has prolonged for another four years the regulation outlining the conditions under which liner shipping consortia can provide joint services without infringing EU antitrust rules.

Destroyer Delbert D. Black passes acceptance trials

Destroyer Delbert D. Black passes acceptance trialsLast week, Huntington Ingalls Industries said that its Ingalls Shipbuilding division completed the third and final round of sea trials for the US Navy’s Arleigh Burke-class guided missile destroyer Delbert D. Black (DDG 119).

COVID-19: Hapag-Lloyd Adds 100,000 TEU of Capacity to Keep Goods Moving

COVID-19: Hapag-Lloyd Adds 100,000 TEU of Capacity to Keep Goods MovingGerman container shipping giant Hapag-Lloyd has on-hired over 100,000 TEU of additional equipment across the globe to keep the supply chain flowing amid the ongoing coronavirus crisis.

Royal Caribbean Borrows $2.2 Billion to Shore Up Liquidity

Royal Caribbean Borrows $2.2 Billion to Shore Up LiquidityRoyal Caribbean has entered into a new financing facility that to further boost the company’s liquidity as the cruise market tanks amid the coronavirus pandemic.

Sailors Aboard USS Theodore Roosevelt Test Positive for COVID-19

Sailors Aboard USS Theodore Roosevelt Test Positive for COVID-19Three U.S. sailors on board the Theodore Roosevelt aircraft carrier in the Pacific tested positive for the coronavirus, U.S. Navy officials said on Tuesday, the first known cases of the virus on board a U.S. military ship at sea.

Gasum to Supply LNG-LBG Fuel Blend to Preem’s Tankers

Gasum to Supply LNG-LBG Fuel Blend to Preem’s TankersFinnish gas company Gasum has entered into an agreement with Sweden’s largest fuel company Preem to supply the latter’s tankers with a new fuel blend consisting of liquefied natural gas (LNG) and 10 percent of renewable liquefied biogas (LBG).

COVID-19: ICS, IAPH Urge G20 Leaders to Protect Maritime Sector, Global Supply Chains

COVID-19: ICS, IAPH Urge G20 Leaders to Protect Maritime Sector, Global Supply ChainsThe International Chamber of Shipping (ICS) and the International Association of Ports and Harbours (IAPH) have jointly called on G20 leaders to act quickly to protect global supply chains from the impact of COVID-19.

MOL Sounds the Alarm on 2019 Results

MOL Sounds the Alarm on 2019 ResultsJapanese shipping major Mitsui O.S.K. Lines expects to record an extraordinary loss on its consolidated and non-consolidated financial statements for the fiscal year of 2019.

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