SSY breaks into ship recycling
UK shipbroking group SSY is branching out into the recycling business. The new unit will be headed up by Dubai-based recycling expert and former Braemar man Harry Conrad-Pickles. The move into ship recycling by the London-headquartered group comes ahead of the Hong Kong Convention coming into effect in June and as around 15,000 ships are […]
Seafarers struggle to get any shore leave
A new report from the ITF Seafarers’ Trust (ITFST) and the World Maritime University (WMU) highlights the continuing absence of shore leave for the world’s seafarers. Analysing the data from 5,879 seafarers who responded to the ITFST’s Shore Leave Survey, WMU researchers concluded that more than a quarter of seafarers did not get any shore […]
Island Offshore PSV deal with Equinor extended for two years
Norwegian OSV owner Island Offshore has secured a two-year contract extension from Equinor UK for the platform supply vessel Island Chieftain. The 2009-built hybrid battery-powered PSV has been fixed until at least May 2027. The vessel has been working for the Norwegian energy major in the UK sector since last May, supporting operations at the […]
Saipem contracts four PSVs for work offshore Norway
Saipem has hired four platform supply vessels to provide pipehaul support for Equinor’s Irpa development offshore Norway. The vessels have been fixed for a firm period of 60 days each, with further extension options available. OSV owner Tidewater has bagged two of the contracts for the 2009-built Troms Castor and 2012-built Troms Sirius, while Singapore-based […]
Hapag-Lloyd applies GRI from Asia to Latin America and Caribbean
Hapag-Lloyd said that a General Rate Increase (GRI) will apply to shipments from Asia to the West and East Coasts of South America, Mexico, Central America, and the Caribbean, starting 15 April and 28 April for Puerto Rico and the US Virgin Islands. This GRI applies to cargo in 20′ and 40′ dry containers, including […]
Port of Barcelona opens first OPS for ferries at Grimaldi Terminal Barcelona
The Port of Barcelona has announced that its first Onshore Power Supply (OPS) for ferries is now operational at Grimaldi Terminal Barcelona, on Sant Bertran wharf. This OPS supplies 100% renewable electricity daily to the ferries connecting Barcelona with the Balearic Islands, allowing them to turn off their engines, preventing emissions and noise. The entry […]
European ports are getting ready for the market uptake of new shipping fuels
European ports fully support the decarbonisation efforts to be made by shipping companies to get to net-zero by 2050. While it seems that energy efficiency measures, use of onshore power supply and use of transition and renewable/low carbon fuels will allow shipping companies to comply with the EU emission reduction targets in a first phase, […]
Container Shipping Sector: Monthly Stock Highlights
The container shipping sector faced a turbulent March as shifting trade dynamics, geopolitical tensions, and fluctuating demand sent stock prices on a rollercoaster ride. While some companies demonstrated resilience through long-term contracts and strategic positioning, others grappled with spot rate volatility and overcapacity concerns. From Maersk’s steadying influence as an industry bellwether to the niche […]
Geopolitical Implications of CK Hutchison Port Sale for China
A social media post from a China Central Television-affiliated account briefly surfaced on 29 March, criticizing CK Hutchison’s decision to divest its Panama Canal-proximate ports to a consortium of BlackRock and MSC. The post, which was quickly removed, claimed the sale compromised China’s significant national interests, likening it to “handing a knife to an opponent”. […]
Duvenbeck Group appoints new Chief Commercial Officer
Marco Nazzari joins Duvenbeck Group as the new Chief Commercial Officer (CCO), bringing over 30 years of executive leadership experience and a strong focus on scaling commercial performance. Having held senior positions in sales and operations at DP World, CEVA and Crane World Wide, Marco Nazzari will focus on driving the company’s commercial initiatives, while […]