The Danish navy has released three suspected Nigerian pirates who were picked up by a frigate in the Gulf of Guinea in November after it failed to find a country in the region to take them, the Danish Armed Forces said on Friday.The three, who had been...
Read more
The Latest Supply Chain Snafu: Shortage of McDonalds French Fries in Japan
While the supply chain mess has left consumer globally wanting for everthing from cars to treadmills, the latest hit is arguably the worst: a shortage of McDonalds french fries in Japan's roughly 2900 branches!Japanese customers will have to…
Read more
China Steel Hopes Drives Iron Ore Demand
Dalian iron ore rose on Friday and advanced nearly 6% this week as traders returned from New Year holidays feeling optimistic about potential demand recovery in top steel producer China.Iron ore's most-active May contract on China's Dalian Commodity…
Read more
Insights: How Indonesia, the World’s Top Thermal Coal Exporter, Hit a Supply Crunch
Indonesia, the world's biggest thermal coal exporter, sent shockwaves through global energy markets this week by suspending exports of the fuel in January due to critically low coal supplies at domestic power plants.WHY DID INDONESIAN AUTHORITIES…
Read more
Opinion: Let’s Get the Plastic Out of Our Lives (& Waterways)
A confession. I'm part of a very big problem that's easy to ignore. Last year, I contributed the U.S. average-per-person 300 pounds of plastic garbage to wherever it went after convenient curbside pickup. So out of sight, out of mind, right? Not really...
Read more
Eni Extends BW Offshore’s Abo FPSO
Italian oil company Eni has extended its contract for BW Offshore's Abo floating production storage and offloading (FPSO) vessel for another year.The FPSO's owner BW Offshore said Thursday it has signed the extension with Eni's subsidiary Nigerian Agip...
Read more
Nordic Shipholding Sells Its Final Three Tankers
Ailing Danish shipowner Nordic Shipholding is one step closer to closing its doors after announcing the sale of its final three tankers. The company revealed on Thursday that it has entered into a sale and purchase memorandum of agreement to sell the N...
Read more
Hurtigruten Cuts Short Antarctic Voyage After COVID Outbreak
Norwegian cruise and travel operator Hurtigruten Group will cut short a voyage in the Antarctica region following an outbreak of the coronavirus, the company said on Thursday.Ten people on board the MS Roald Amundsen cruise vessel had tested positive f...
Read more
Fairbanks Morse Acquires Federal Equipment Company
Fairbanks Morse Defense (FMD) announced it has acquired Federal Equipment Company (FEC), expanding its product capabilities and service solutions for shipyard, defense, and industrial customers – with emphasis on its support for and offerings to the U....
Read more
Seaspan’s 70-ship Newbuild Program Fully Financed with $1.4 Billion Deal
Containership giant Seaspan Corporation announced on Wednesday that it now has financing lined up for its entire 70-vessel newbuild program.With the completion of the latest $1.4 billion deal in December, Seaspan said its financing proceeds are approxi...
Read more