Shipping

  • Suez chaos leaves shipping companies counting the...

    The owners and charterers of ships unable to sail through the the Suez Canal for nearly a week face at least $24 million in expenses they will be unable to recoup as their insurance policies do not cover them, industry sources say.

     

  • LNG shipping costs fluctuate after a depression...

    For most of 2020, the LNG shipping market was in a depressed state like many other segments of the global gas industry. LNG export cargoes fell by 0.2% y-o-y in 2020 to reach 5,682 shipments, driven by a slowdown in LNG demand amid the Covid-19 pandemic. The commissioning of various LNG carriers around the world exacerbated that trend. Between the period 2018 and 2020, the market witnessed the record commissioning of LNG carriers, with 134 LNG carriers coming on line, with 41 of those being commissioned in 2020. As a result, at the beginning of 2021, there were over 600 LNG carriers operating in the global market.

     

  • Maersk Boxship stopped in Pacific awaiting repair...

    A Maersk operated containership remains stopped in the Pacific awaiting the arrival of a service technical crew that is being dispatched along with replacement parts for the vessel’s main engine. Unlike other recent incidents, Maersk reports no loss of containers saying that the crew and the container cargo have remained secure and that the vessel is maintaining power to its refer boxes.

     

  • Aluminum shipbuilder All American Marine sold to...

    Bellingham-based All American Marine (AAM) has been sold to Bryton Marine Group, a family-owned holding company with six well-known aluminum boatbuilding brands. AAM is a leader in aluminum vessel design and manufacturing, and its vessels are a familiar presence on the West Coast waterfront and beyond. 

     

  • Royal Caribbean and Celebrity will resume summer...

    The Royal Caribbean Group is continuing to move forward with its plans to resume cruise operations further expanding its international cruises. Two of the company’s brands added summer cruise programs in the Eastern Mediterranean. The company has now announced plans for seven cruise ships to be operating during the summer months.

     

  • Royal Caribbean bases ship in Bermuda to resume...

    Continuing its efforts to resume cruise operations, Royal Caribbean International will homeport a cruise ship in Bermuda offering 7-day cruises that combine Bermuda with a call at the company’s private island destination in the Bahamas. The program, which will be the first time a major cruise line has homeported a cruise ship in Bermuda, marks the fourth cruise ship the line plans to have in operation this summer and the second operating targeted to the North American cruise market. 

     

  • CMV's former Columbus is latest cruise ship...

    Another classic cruise ship from the 1990s, and the fourth vessel previously operated by the UK’s Cruise & Maritime Voyages, has departed for the scrapyards of India. Introduced in 1989 and having spent the last three years sailing for CMV before the pandemic, the ship which was last known as the Columbus was renamed Colus departing Oman bound for the beaches of India.

     

  • China's container availability and prices...

    After months of crippling shortages, container availability and pricing is finally improving in China, according to Container xChange’s Container Availability Index (CAx). The index draws from data on the container leasing and trading platform Container xChange to track the availability of containers in major seaports.

     

  • Clean tanker quarterly: Owners await demand...

    As countries push their vaccination efforts against COVID-19, clean tanker shipowners are hopeful that petroleum product demand could pick up in the second quarter and breathe life into spot tanker markets on both sides of the Atlantic Basin.

     

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Giant wind blades are largest non-container cargo loaded

The development of the wind turbine sector is creating new challenges for the shipping industry as the massive blades and elements are shipped from their manufacturers to the staging points for their installation. APM Terminals Pecem, at the port of Pecem in northeast Brazil, recently handled the loading of three blades, which it reports became the largest non-containerized cargo operation in the world.

 
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Shell and Pan ocean continue to expand LNG-bunker vessel fleet

Shell Tankers is continuing to build out its global fleet of LNG bunker vessels to service the growing ocean fleet of LNG-fueled vessels. The company has entered into an additional charter agreement of Pan Ocean of South Korea for the construction of another LNG bunker vessel at the Hyundai Mipo Dockyard also in South Korea.

 
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Coronavirus pandemic triggers shipping container crisis

Anyone who needs to ship something big — or a great deal of something small — rents an ISO container for the purpose. But that's not an easy task at the moment — there simply aren't enough transport boxes available. And buying a container isn't easy either.  

 
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Australia sends escort to meet fire-damaged supply ship on trip north

Australian authorities announced that they are sending a support vessel out to meet up with the fire-damaged supply ship returning from Antarctica with 72 expeditioners and 37 in crew. They are calling this latest action a precautionary measure as the vessel is proceeding under its own power after an additional maintenance issue. 

 
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CMA CGM Jacques Saade Boxship sets second record for full containers

For the second time in six months, French shipping giant CMA CGM Group is claiming a record for the largest number of full containers loaded aboard a single vessel. The achievement comes as the industry prepares to build even larger boxships to realize the economies of scale and meet the increasing demand for capacity.

 
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Abandoned heavy-lift vessel successfully towed to port

The four-day drama of the Dutch heavy-lift vessel abandoned and drifting towards the Norwegian coast came to a quiet end as the vessel was brought safely to port this afternoon. An emergency effort late last night secured a towline after airlifting the salvage crew to the deck of the listing vessel.

 
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