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Monthly Archives: August 2022

Hempel Taps Michael Hansen as Next CEO

Michael Hansen, Executive Vice President Energy & Infrastructure at Danish coatings manufacturer Hempel A/S, will succeed Lars Petersson as CEO of the company on October 15, 2022. Petersson leaves Hempel to take up the position of CEO of VELUX…
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Zim Inks $1 Billion LNG Bunkering Deal with Shell

ZIM Integrated Shipping Services Ltd. on Wednesday announced it has signed a liquefied natural gas (LNG) bunkering deal valued at more than $1 billion with Shell NA LNG, LLC as the Israeli container shipping seeks to reduce emissions from its…
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Maritime Data Usage Soars, Inmarsat Says

Data usage on commercial maritime vessels has jumped more than threefold since 2019, according to new communications analysis by maritime comms specialist Inmarsat.Inmarsat said the study results underline the shipping industry’s reliance on…
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Solstad Offshore Nabs New Contracts for CSV Quartet

Norwegian offshore vessel owner Solstad Offshore has secured four new contracts for its subsea construction vessels (CSV). The contracts have a combined firm vessel utilization of 410 days, with additional subsequent options, on projects in North Europ...
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Iran Caught Trying to Capture US Navy Sea Drone

The U.S. Navy said it thwarted an Iranian attempt to capture one if its unmanned surface vessels (USV) in the Arabian Gulf.While transiting international waters around 11 p.m. (local time), Aug. 29, U.S. 5th Fleet observed Iran’s Islamic Revolutionary…...
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Baltic Dry Index Extends Dip

The Baltic Exchange's main sea freight index fell for a fourth straight session on Tuesday as weakness in Chinese steel consumption took a toll on capesize demand, while rates for other vessel segments also retreated.The overall index, which factors in...
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