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Large Vessel Demand Rises as Boxships Queuing for Scrubber Retrofits

Large Vessel Demand Rises as Boxships Queuing for Scrubber RetrofitsMore than 100 containerships aggregating 950,000 TEUs were in yards for scrubber retrofits last month before the International Maritime Organization (IMO) sulphur cap entered into force on January 1, 2020, according to Alphaliner.

Schulte, DEVK Create New Maritime Asset Investment Platform

Schulte, DEVK Create New Maritime Asset Investment PlatformGermany’s shipowner and ship manager Schulte Group and compatriot insurance group DEVK have established Navigo Shipholding AG, a maritime asset investment platform for institutional investors.

IMO Secretary-General: Prices for Compliant Fuels Stabilizing

IMO Secretary-General: Prices for Compliant Fuels StabilizingPrices for compliant fuels, very-low sulphur fuel oil (VLSFO) and marine gas oil (MGO), rose quickly since the start of implementation of the sulphur cap on January 1, 2020, but now appear to be stabilizing, IMO Secretary-General Kitack Lim said.

France orders eight diving support fast boats for navy

France orders eight diving support fast boats for navyFrance’s Defence Procurement Agency (DGA) has ordered eight diving support fast boats for the French Navy.

US Navy unveils name of newest Ford-class aircraft carrier

US Navy unveils name of newest Ford-class aircraft carrierThe US Navy has unveiled the name of its newest Gerald R. Ford-class aircraft carrier.

Gulf of Guinea Pirates Release Crew Members Kidnapped from MT DUKE

Gulf of Guinea Pirates Release Crew Members Kidnapped from MT DUKEPirates have released nineteen crew members kidnapped from a tanker in Gulf of Guinea last month, the vessel’s owner says. Unfortunately, one crew member who was also abducted has died from an illness.

HMM Sets Sights on 25 Pct Higher Revenue in 2020

HMM Sets Sights on 25 Pct Higher Revenue in 2020Korean shipping giant Hyundai Merchant Marine (HMM) roughly anticipates a 25% improvement in its revenue for 2020, reaping the fruits from the impending deployment of its mega container vessels.

Croatian DIV Group to Buy Norway’s Kleven Verft

Croatian DIV Group to Buy Norway’s Kleven VerftCroatian DIV Group has agreed with Norwegian expedition cruise operator Hurtigruten to acquire Kleven Verft, a Ulsteinvik-based builder of ferries and offshore support vessels.

Marubeni, Klaveness Create Giant Panamax Pool Operator

Marubeni, Klaveness Create Giant Panamax Pool OperatorJapan’s Marubeni Corporation and Norwegian dry bulk operator Klaveness are merging Panamax Pool activities.

probunkers, Hyundai Mipo Sign LOI for LNG Bunker Vessel Pair

probunkers, Hyundai Mipo Sign LOI for LNG Bunker Vessel PairPiraeus-based company probunkers has inked a letter of intent (LOI) with South Korea’s Hyundai Mipo Dockyard (HMD) for the construction of two firm 7,600 cbm LNG bunker vessels.

CMES Taking Over Bulkers and LNG Assets from Sinotrans

CMES Taking Over Bulkers and LNG Assets from SinotransChina Merchants Energy Shipping (CMES) has decided to integrate the shipping assets of its subsidiary Sinotrans & CSC Holdings in a transaction worth over RMB 6.57 billion (USD 954 million).

Port of Rotterdam Points to Rise in LNG Bunkering

Port of Rotterdam Points to Rise in LNG BunkeringEurope’s top bunkering port, the Port of Rotterdam, has seen an increase in LNG bunkering at the port.

EC: A.P. Møller Capital Gets Green Light for Port Terminals in West Africa

EC: A.P. Møller Capital Gets Green Light for Port Terminals in West AfricaThe European Commission has approved the acquisition of joint control over four project companies with concessions to build or operate port terminals in West Africa by Denmark’s A.P. Møller Capital (APMC).

DP World Strengthens European Presence with Swissterminal Stake Purchase

DP World Strengthens European Presence with Swissterminal Stake PurchaseDubai-based port and terminal operator DP World and Switzerland’s container terminal operator Swissterminal Holding AG have entered into a strategic partnership.

US-China Deal: What Will It Mean for Tanker Shipping?

US-China Deal: What Will It Mean for Tanker Shipping?Under the ‘phase one’ trade deal signed last week, China has pledged to increase imports of American goods, targeting to bolster its energy imports by USD 52.4 billion above 2017 levels over the next two years.

Study: New Blends of Marine Fuels Have Higher BC Emissions than HFO

Study: New Blends of Marine Fuels Have Higher BC Emissions than HFONew blends of marine fuels with 0.50% sulphur content can contain a large percentage of aromatic compounds, which have a direct impact on black carbon emissions, a recently conducted black carbon measurement campaign finds.

Shelf Drilling clinches contract for newly acquired jackup rig

Shelf Drilling clinches contract for newly acquired jackup rigUAE-based jackup rig operator Shelf Drilling has secured a contract for its recently acquired jackup rig Shelf Drilling Enterprise with Chevron Thailand for operations in the Gulf of Thailand.

Scrubber-fitted capes speed up in first weeks of the new year

Scrubber-fitted capes speed up in first weeks of the new yearThe largest bulk carriers afloat are moving at different speeds depending on whether or not they have a scrubber fitted.

Zeebrugge sees significant growth in box sector

Zeebrugge sees significant growth in box sectorThe port of Zeebrugge handled a total volume of 45.8 million tonnes in 2019. This 14.2 percent growth is the result of advancement in all important sectors in the port of Zeebrugge:

German Naval Yards to challenge Germany’s MKS 180 contract award

German Naval Yards to challenge Germany’s MKS 180 contract awardKiel-based shipyard German Naval Yards (GNYK) revealed it would take legal action against the procurement decision of Germany’s Federal Ministry of Defense to grant the MKS 180 multi-purpose combat ship project to a Dutch-led consortium.

Keel laid for largest naval ship to ever be built in Canada

Keel laid for largest naval ship to ever be built in CanadaOn January 16, 2020, Seaspan Shipyards hosted a keel laying ceremony for the Royal Canadian Navy’s (RCN) first of two joint support ships (JSS), the future HMCS Protecteur.

Maersk CEO: EU Antitrust Rules Hurt European Companies’ Competitiveness

Maersk CEO: EU Antitrust Rules Hurt European Companies’ CompetitivenessCurrent competition rules in Europe prevent the creation of giant EU companies that would be able to compete with US and Chinese rivals, Søren Skou, CEO of Danish shipping major Maersk, warned.

MAIB: European Causeway’s Severe Rolling Blamed on Improper Consideration of Weather Forecast

MAIB: European Causeway’s Severe Rolling Blamed on Improper Consideration of Weather ForecastThe cargo shift and damage to vehicles on board the P&O’s ferry European Causeway in December 2018 could have been avoided if the crew had considered the forecast weather conditions when setting the course of the ship, MAIB investigation shows.

Vale’s Recovery to Be the Biggest Swing Factor for Iron Ore in 2020

Vale’s Recovery to Be the Biggest Swing Factor for Iron Ore in 2020A decent recovery is expected in the seaborne supply of iron ore in 2020, predominantly driven by the recovery of shipments from the Brazilian mining giant Vale.

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