An ancient shipwreck found off the shore of Israel and loaded with cargo from all over the Mediterranean shows that traders from the West still came to port even after the Islamic conquest of the Holy Land, researchers say.A surprise storm? An inexperi...
Read more
Scorpio Tankers Buys LR2 Product Tanker
Shipowner Scorpio Tankers announced this week that it has exercised a purchase option for an LR2 product tanker that is currently leased.The 2016-built, 109,999 dwt STI Sanctity was acquired as part of the acquisition of Navig8 Product Tankers in 2017.
Read more
At Least Two Investors to Submit Binding Bids for Alexandroupolis Port
At least two investors are expected to submit binding bids on Thursday for a majority stake in Greece's northern port of Alexandroupolis, sources close to the process told Reuters.Near the borders with Bulgaria and Turkey, and with rail links and a flo...
Read more
Hurtigruten Norway Upgrades Its First Ship to Battery-hybrid Power
Hurtigruten Norway announced it has launched its first environmentally-upgraded battery-hybrid powered ship as part of a €100 million seven vessel refit program aimed at significantly reducing both CO2 and NOx emissions.MS Richard With has gone through...
Read more
Collapsing Spot Rates, Falling Capacity define Far East to U.S. Container Trade
In its latest Container Freight Rate Update note, Xeneta covers the average capacity and blank sailings on the Far East to the US West Coast while we head into the not-so-traditional peak season.The average capacity offered from the Far East…
Read more
Steerprop, Med Marine Ink Deal for New “T Propulsion” Units
Steerprop signed a contract with Turkish Med Marine shipyard to deliver the propulsion units for two RAscal 2100 harbour tugs designed by Robert Allan. The contract is the first for the new Steerprop T product line.The growth of global trade…
Read more
MacGregor to Supply Container Lashing Systems for 12 Hapag-Lloyd Mega Ships
MacGregor, part of Cargotec, said it has received an order for delivering container lashing systems for twelve 23,500+ TEU container vessels for Hapag-Lloyd. The vessels will be built at Daewoo Shipbuilding & Marine Engineering (DSME) in South…
Read more
ASKO’s Electric Self-driving Vessels Christened
Norwegian grocery distributor ASKO announced its two new full-electric, self-driving vessels have been christened.The battery-electric powered RoRo cargo ferries, named Marit and Therese, will cross the Oslo Fjord daily between Moss and Horten…
Read more
Baltic Dry Index On the Rise
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged up on Wednesday as capesize and supramax vessel segments gained.The overall index, which factors in rates for capesize, panamax and supramax shi...
Read more
“A Captain’s Duty” – Captain Phillips To Speak At Mass Maritime
On Thursday October 6, Captain Richard Phillips, author of A Captain’s Duty: Somali Pirates, Navy SEALs, and Dangerous Days at Sea, will discuss his encounter, his remarkable rescue and lessons learned, in an Ed Fouhy Speaker Series program presented b...
Read more