The Baltic exchange's main sea freight index fell to a near two-week low on Thursday pressured by a decline in capesize and panamax vessel rates.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commo...
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Profiles in Training: Dr. Michael Ekow MANUEL, Professor, World Maritime University
The global seafarers crisis takes center stage at the World Maritime University (WMU), as Dr. Michael Ekow Manuel discusses the importance of seafarers, seafarer training and the MarTID 2021 survey.While many maritime professionals have the theoretical...
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Hapag-Lloyd Reports Strong First Quarter
German container shipper Hapag-Lloyd said on Wednesday it increased its net profit in the first quarter to 1.2 billion euros ($1.45 billion) and kept up its guidance for "clearly higher" full year earnings."We concluded the first quarter with a very po...
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ABB Rolls Out Blended Learning Program for Azipod Users
ABB Marine & Ports said it has developed a new Blended Learning program for Azipod propulsion in response to customers’ requests for safe and efficient training of crews during global travel restrictions.The new program combines traditional…
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Fincantieri Q1 Profit Jumps 27%
Italian shipbuilder Fincantieri on Thursday reported a 27.3% rise in first-quarter core profit to 101 million euros ($122.06 million) and confirmed its guidance for the full year.Revenue stood at 1.43 billion euros, a 9.1% increase compared to the firs...
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LSFO Raises Ship Operating Cost by $20,000 Per Year
New rules that entered force at the start of 2020 to reduce sulphur emissions from ships are leading to significant hikes in vessel operational expenditure, members of theshipping industry say.Using low sulphur fuel oil (LSFO) can add as much as $20…
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Barge Traffic Backs Up Near Memphis Amid Mississippi River Closure
More than 700 barges are delayed on the lower Mississippi River on Thursday after a structural crack in the Hernando de Soto Bridge prompted the U.S. Coast Guard to halt vessel traffic on a portion of the crucial trade artery.The Coast Guard…
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Golar Taps Karl Fredrik Staubo as CEO
Golar LNG announced on Thursday it has appointed appointed Karl Fredrik Staubo as CEO, filling the void left by prior chief executive Iain Ross, who stepped down in April.Staubo has since May 2020 been the chief executive officer of Golar LNG Partners ...
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US Coast Guard Issues RFP for New Waterways Commerce Cutters
The U.S. Coast Guard is seeking proposals from shipyards to design and construct its new river buoy and inland construction tenders as part of the waterways commerce cutter (WCC) program.In total, the Coast Guard plans to acquire 16 river buoy tenders…
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New Study Explores Converting Existing Vessels for Zero-carbon Operations
A group of shipping industry partners are working together to assess the technical, financial and environmental potential of converting existing vessels to zero-carbon fuels and technology as part of the transition to a global zero carbon fleet by 2050...
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