The Suez Canal, blocked by a giant container ship that ran aground on Tuesday, is the quickest sea route between Asia and Europe and about 15% of global shipping traffic moves through it.The 193-km (120-mile) waterway, run by the state-owned Suez Canal...
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Wallenius Wilhelmsen Reactivates Three Laid Up Vessels as Demand, Rates Increase
Norwegian/Swedish ro-ro shipping company Wallenius Wilhelmsen will reactivate the last three of its vessels that were placed in cold layup in the spring of 2020 due to the COVID-19 pandemic, citing rising rates and demand."Reactivation will take place ...
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Ever Given Salvors Weigh Time and Tide with Risk of Tip or Tear
The Dutch emergency response team hired to free the vast ship blocking the Suez canal has pulled off some dramatic recoveries, including lifting Russia’s Kursk nuclear submarine from the Barents Sea floor, but says this is one of the trickiest.Weighing...
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UN Urges Prioritization of Seafarer Vaccinations
Unite Nations organizations this week issued a joint call for the world's seafarers to be prioritized for COVID-19 vaccination, stressing their key role in supporting global trade.The heads of five UN organizations have called for maritime and…
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Tokyo Port to Waive Entry Fee for Ships Powered by LNG, Hydrogen
Japan’s port of Tokyo will waive an entry fee from next month for ships powered by liquefied natural gas (LNG) and hydrogen, as well as LNG bunkering ships, in a bid to promote the use of cleaner marine fuels, authorities said on Friday.The exemption r...
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Total to Supply LNG to MSC Cruises’ Ships in Marseille
French oil and gas major Total has struck a deal with cruise line MSC Cruises to supply around 45,000 tons per year of LNG to MSC Cruises’ upcoming LNG-powered cruise ships to make calls in the port of Marseille (France).According to the statement on T...
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USTC Acquires 60% Stake in CM Biomas
USTC has acquired 60% of CM Biomass, the world’s largest independent wood pellet trading company, a move designed to consolidate USTC as a global force in shipping and trade. USTC, which has a long history within commodity trade, shipping, and logistic...
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Suez Canal Traffic Suspended as Efforts Continue to Dislodge Grounded Ship
The Suez Canal temporarily suspended traffic on Thursday as efforts to dislodge a 400 m (430 yard) long container vessel that has blocked the waterway continued for a third day, with eight tugs working to straighten the ship.The Ever Given vessel…
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Petronas Becomes First Company to Produce LNG from Two FLNG Units
Malaysian oil and gas company Petronas has become the first energy company to produce LNG from two floating LNG facilities, after the LNG shipment was delivered by its floating LNG facility PFLNG DUA on Wednesday, March 24.The cargo was loaded…
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Gulf Island Shipyards Delivers New Tug to Bay-Houston
Bay-Houston Towing Co. in January took delivery of the final tug in a series of five ordered from Gulf Island Shipyards LLC in 2018.George M and its four sister vessels are Z-Tech 30-80 tugs designed by Robert Allan Ltd. The series' first tug Mark E. K...
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