Shipping News
-
MOL and Vale in rotor sail retrofit agreement
Brazilian mining giant Vale International and Japan’s Mitsui O.S.K. Lines, Ltd. (MOL) have reached an agreemen that will see two rotor sails retrofitted on a 200,000-dwt class bulk carrier, currently employed under a mid–term contract for transportation of iron ore for Vale. The retrofit of the two 35 meters tall…
Read More -
Synergy rolls out new PPE for its female seafarers
Female seafarers working for Captain Rajesh Unni’s Synergy Group are to get more comfortable coveralls. The Singapore-headquartered ship management company is rolling out new Personal Protective Equipment (PPE) that has been designed to ensure the final cut maximized comfort and versatility for female crew deployed in a maritime work environment where the…
Read More -
Eagle Bulk reports record full year profit
“Despite a weaker rate environment, our Q4 results cemented a record annual profit of roughly $250 million for 2022,” said Gary Vogel, CEO of Stamford, Conn., headquartered Eagle Bulk Shipping Inc. (NYSE: EGLE) as the company reported its financial results for the three months and year ended December 31, 2022. “These…
Read More -
First Flight II Expeditionary Fast Transport christened
Austal USA christened its 14th Expeditionary Fast Transport (EPF), USNS Cody, in a February 25 ceremony at its Mobile, Ala,, shipyard’s advanced manufacturing facility. Cody is the first EPF Flight II as well as the first Navy vessel to honor the city of Cody, Wyo. The USNS Cody is one of two EPF Flight…
Read More -
Carriers Join Technology Accelerator Program to Improve Cargo Safety
Faced with the increasing danger of cargo fires and the ever-present challenge of securing containers to minimize losses, several major shipping carriers are joining an effort to improve cargo safety. Established by Lloyd’s Register, the Safetytech Accelerator is a non-profit and the first fully dedicated technology accelerator and it will…
Read More -
Sanctioned Singapore oil and gas trader reacts to OFAC designation
On February 9, Singapore’s Unicious Energy Pte Ltd was among nine companies targeted by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) for facilitating the sale and shipment of petroleum and petrochemicals on behalf of Triliance Petrochemical Co. Ltd., which OFAC designated on January 23, 2020 for facilitating…
Read More -
John Fredriksen seeks seat on Euronav board
In the latest plot twist in the ongoing drama following the collapse of the planned tanker mega merger of Euronav and Frontline, Famatown Finance Limited today announced that it intends to propose John Fredriksen and Cato H. Stonex as candidates for the Euronav at the company’s upcoming extraordinary general meeting. Set for…
Read More -
Huntington-Ingalls breaks ground on new nuclear sub construction facility
Huntington-Ingalls Industries (NYSE: HII) has broken ground on a new project that will support nuclear submarine construction at its Newport News Shipbuilding division. The Multi-Class Submarine Production Facility is one of three new facilities that will enable NNS to further support the construction and delivery of Columbia– and Virginia-class submarines.…
Read More -
Maersk’s record breaking year ends on a muted note
In line with its earlier guidance, A.P. Moller – Maersk (Maersk) delivered a full-year 2022 revenue that was increased by 32% to $81.5 billion, while EBIT increased by 57% to $30.9 billion “2022 was remarkable in more than one way. While we report the best financial result in the history…
Read More -
Italian Icebreaker Sets Record Reaching Furthest Point South
The growing threats of climate change to the Antarctic and southern ocean ecosystems have yet again been highlighted as an Italian icebreaker set a world record by sailing to the southernmost point in the Antarctic. According to the researchers, the voyage is a sign that the southern pole is losing…
Read More