“Bloomberg reports that violent attacks in the Red Sea have halted LNG tanker crossings through the Bab al-Mandab Strait. As a result, global energy trade is disrupted, forcing ships to reroute around Africa and leading to a fragmented LNG market. Solutions include cargo swapping and increased storage efforts.”
Despite the increase in container ship capacity, Asia-Europe services face a 10% shortage of ships, impacting weekly service frequency. The Red Sea crisis and diversions around the Cape of Good Hope have led to a need for more ships, particularly in the Ocean Alliance. This has resulted in shifts in capacity and service routes.
Rising water levels in the Panama Canal offer hope for a return to normal container shipping operations after a year of restrictions due to drought. The daily ship allowance has increased to 31, with more changes expected for larger vessels. The impact of the drought on schedule adherence and spot rates remains significant.
The cargo ship Dali experienced blackouts at the Port of Baltimore before colliding with the Francis Scott Key Bridge. NTSB Chair Jennifer Homendy stated that switching breakers may have impacted the ship’s operations. The NTSB preliminary report found the ship drifting before crashing into the bridge, killing six construction workers.
The Methatug, powered by methanol, is part of the FASTWATER project funded by Horizon 2020, proving methanol as a sustainable shipping fuel. The project aims to convert various vessels to methanol propulsion, contributing to the Port of Antwerp-Bruges’ goal of being climate neutral by 2050 and establishing a multi-fuel port.
The 108th session of the International Maritime Organisation’s Maritime Safety Committee (MSC) began in London, with discussions addressing a wide…
A barge strike on Galveston Island’s Pelican Island Bridge led to the closure of the Gulf Intercoastal Waterway due to reports of pollution. The U.S. Coast Guard and several state and local agencies are responding to the incident, investigating the collision between a Martin Petroleum vessel and the Sea Wolf Parkway Bridge.
A lack of industrial fish landing port with cold storage, processing, and canning facilities is hindering Kenya’s marine sector. The country only utilizes 8% of its marine fisheries potential, landing 24,580 metric tonnes annually valued at Sh5 billion. Efforts are being made to maximize profits and create more jobs in the industry.
This metadata-rich content describes a marine tech conference drawing hundreds of attendees, highlighting industry recruitment challenges. The article covers the event in St. John’s, offering insights into the marine technology sector and its appeal to students. NTV’s Bailey Howard reports on the conference’s significance amidst recruitment hurdles.
Houthi spokesperson Yahya Saree recently reported two incidents, including an attack on the USS Mason, a U.S. warship involved in…
ABS, HD Korea Shipbuilding & Offshore Engineering Co (HD KSOE) and HD Hyundai Heavy Industries (HD HHI) have signed a memorandum of understanding to collaborate on the technical feasibility for medium-voltage direct current (MVDC) power systems on ships. This partnership aims to advance clean energy options for the maritime industry.
Join us for a free tour of the National Maritime College of Ireland during the Cork Harbour Festival on June 7th. Explore maritime education, meet industry professionals, and learn about maritime careers. Book your tour slot now before they fill up! Visit the link to secure your spot.
Energy major Shell has decided not to push for bio-methanol as a marine fuel, opting instead for LNG as the best decarbonization option. Their modeling indicates that LNG and bio-LNG are the most cost-effective choices for energy density and carbon reduction in the industry.
SM Line and HMM have announced a strategic partnership to share slots on each other’s Asia-US West Coast services. HMM will join SM Line’s CPX service, while SM Line gains access to HMM’s PSX service. This collaboration comes amidst changes in container shipping alliances, emphasizing the importance of strategic partnerships in the industry.
A 91 foot crab fishing vessel named North American sank off a Seattle pier, triggering a swift response from the U.S. Coast Guard and local agencies. The incident occurred near Ballard Bridge on Lake Washington Ship Canal. Emergency procedures were put in place to contain the diesel spill and prevent environmental damage.
