Asian yards struggling to keep up with busy production schedule
Production bottlenecks are emerging at major shipbuilding bases in Asia as the sector battles its way through record long orderbooks. The lead story in the July issue of Splash Extra identifies issues including labour, engines, steel processing, and coating capacity all putting a strain on immensely busy production schedules at yards across East Asia. Elsewhere […]
Panama Canal to allow 36 daily transits by September
Consistently strong rains will allow the Panama Canal to accommodate 36 transits a day from September with the interoceanic waterway getting ever closer to maximum operating conditions. At its maximum, the canal can handle 40 ship transits a day, a figure that was eroded last year as months of record drought took their toll. In […]
Panama Canal to allow 36 daily transits by September
Consistently strong rains will allow the Panama Canal to accommodate 36 transits a day from September with the interoceanic waterway getting ever closer to maximum operating conditions. At its maximum, the canal can handle 40 ship transits a day, a figure that was eroded last year as months of record drought took their toll. In […]
Cape collision in Australia destroys LNG fuel tank
A video has emerged of a dramatic accident that occurred earlier this month involving the puncturing of an LNG fuel tank onboard a Korean capesize. On July 16, the HL Eco, a 2020-built duel-fuel capesize belonging to Seoul-headquartered H-Line, lost power while manoeuvring to anchor at Hay Point in Queensland. The ship then hit another […]
Cape collision in Australia destroys LNG fuel tank
A video has emerged of a dramatic accident that occurred earlier this month involving the puncturing of an LNG fuel tank onboard a Korean capesize. On July 16, the HL Eco, a 2020-built duel-fuel capesize belonging to Seoul-headquartered H-Line, lost power while manoeuvring to anchor at Hay Point in Queensland. The ship then hit another […]
A just and equitable transition belongs to all shipping companies
The ships that support emerging economies are struggling to make a positive contribution to net zero writes Thomas Zaidman, managing director, Sagitta Marine. We live in an asymmetric world and nowhere can this be seen more clearly than in national responses to climate change and the energy transition. The shipping industry displays a similarly uneven […]
Aramco suspends two more Valaris jackups
Valaris has seen two more of its jackup rigs suspended in Saudi Arabia, after Aramco’s initial move to cut more than 20 units across eight contractors earlier this year. The New York-listed offshore driller said in its fleet update it had received suspension notices in late July for Valaris 147 and Valaris 148, which are […]
Aramco suspends two more Valaris jackups
Valaris has seen two more of its jackup rigs suspended in Saudi Arabia, after Aramco’s initial move to cut more than 20 units across eight contractors earlier this year. The New York-listed offshore driller said in its fleet update it had received suspension notices in late July for Valaris 147 and Valaris 148, which are […]
Transnet’s Progress on Reform and Capacity Growth Initiatives
Transnet SOC Ltd. is making significant strides in its ongoing efforts to implement institutional reforms, as outlined in the Freight Logistics Roadmap and the Guarantee Framework Conditions set forth by the National Treasury. These reforms focus on enhancing the rail business, corporatizing the Transnet National Ports Authority (TNPA), and divesting non-core assets. The information about […]
Shipbuilding bottlenecks emerge
Shipbuilding capacity might be growing at its fastest pace since the global financial crisis of 2008, but some familiar bottlenecks are emerging that will hamper output. The current shipbuilding cycle is on the up and with deliveries of vessels extending to 2028 for bulkers, tankers, and boxships while gas carrier deliveries are being booked as […]