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Japan mulls alternatives to Suez Canal after Ever Given shock

When the Ever Given, one of the world’s largest container ships, lost control in the midst of a dust storm and high winds on March 23, and became wedged across the Suez Canal, it was an event of international significance that also rekindled Japanese interest in finding alternative routes to Europe. “The blocking of the Suez Canal accelerated things,” said James D J Brown, associate professor at Temple University Japan, even if the concerns about over-dependence on the canal have been around for a long time. The canal is one ...

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Bureau Veritas awards air lubrication system approval to GILLS PTE LTD

Bureau Veritas (BV), a world leader in testing, inspection, and certification (TIC), has been working with GILLS PTE LTD in Singapore to assess the performance of its innovative air lubrication system to improve ship efficiency and decrease fuel burn by reducing the drag of an underwater hull. GILLS, which stands for gas injected liquid lubrication systems, deploys NACA profiles* to create self-generating micro-bubbles for ‘turbulent modulation’ which has a ‘hull-tightening’ effect (see below), reducing drag and energy requirements. The self-generating nature of micro-bubble clouds with no requirement for air-compression and ...

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Seafarers Hospital Society And Yale University Announce Landmark Study Of Maritime Worker Health Initiatives

The Seafarers Hospital Society (SHS) and Yale University are collaborating on a landmark study to determine the effectiveness of initiatives taken by shipping companies, charities and the wider maritime sector to keep seafarers healthy and safe. This six-month study aims to review existing research and recommendations, identify current practices, determine their coverage across the industry and assess their perceived effectiveness. Results of the study will be disseminated to the global seafarer community to encourage the adoption of best practice and improve seafarer health, safety and wellbeing. Independent global charity Lloyd’s ...

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New Carrier Webinar Series to Focus on Healthy, Safe, Sustainable Cold Chain Solutions

Carrier is pleased to announce a series of informative webinars focused on its Healthy, Safe, Sustainable Cold Chain Program, designed to help customers meet rapidly evolving supply chain demands and make their cold chain activities more effective. Carrier Global Corporation (NYSE: CARR) is the leading global provider of innovative healthy, safe and sustainable building and cold chain solutions. The need for safe and sustainable cold chain technologies to preserve and protect the supply of food, medicine and vaccines around the world has never been greater. In support of this critical ...

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Seacat Magic Joins OESV Fleet At Greater Gabbard Offshore Wind Farm

Class leading offshore energy support vessel (OESV) operator Seacat Services (Seacat) has today announced that it has signed a long-term charter for catamaran Seacat Magic with Greater Gabbard Offshore Wind Farm Ltd. Seacat Magic will support Operations & Maintenance (O&M) activity for the Greater Gabbard service team working at the 504MW wind farm. She joins sister vessel Seacat Freedom, which was first deployed to the site in 2017. Safely capitalising on weather windows and favourable on-site conditions is key to effective crew and equipment transfers that keep maintenance schedules on ...

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Elcome And Broadcast Solutions Complete Successful Maritime Mesh Network Trials

Elcome International and Broadcast Solutions recently completed a live proof-of-concept (POC) demonstration of a maritime mesh network for coastal operations. The POC demonstration, which involved a land-based station and several vessels, confirmed the advanced capabilities of the system, including live messaging and video conferencing between headquarters and mobile units at sea. The maritime mesh network leverages advanced software-defined tactical radios with multiplexing modulation technology, specialized antennas and IP collaboration tools to communicate across interconnected cells. The multi-node network can sustain secure low-latency broadband connectivity with offshore vessels roaming across a ...

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OBA To Further Expand Its Activities Through Purchase Of IGMA

OBA has announced its intention to enter into an agreement with Cargill to purchase the activities of IGMA Bulk Terminal in Amsterdam. OBA is delighted to be able to announce that it intends to enter into an agreement with Cargill regarding the purchase of the IGMA Bulk Terminal in Amsterdam by OBA. The purchase includes all assets relating to the IGMA terminal, including all loading and unloading equipment such as cranes, weighing towers, grabs and transport systems. The employees of the IGMA terminal would join the OBA team as part ...

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Shipping volumes between Saudi Arabia and Egypt will only grow – Transmar official

For Egypt’s Transmar, the only regional carrier in the Red Sea, 2020 was a year of growth in its Egypt-Sudan and Saudi-Sudan trading volumes, a top company official said. “Transmar is currently active in 12 ports in Egypt, Saudi Arabia, Sudan, and the UAE. Following the government directive to enhance economic relationships with Sudan, 2020 was a year of growth for us in both the Egypt-Sudan and Saudi-Sudan trades,” the company’s Commercial Manager Ahmed El Ahwal told Zawya. The 40-year old Egyptian-owned and operated integrated container line started with a ...

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Descartes Acquires Portrix Logistics Software

Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Portrix Logistics Software (Portrix), a leading provider of multimodal rate management solutions for logistics services providers (LSPs). Headquartered in Germany, Portrix has been helping its customers, which include some of the world’s largest LSPs, streamline and automate complex global shipping rate management processes for more than 10 years. The company’s core product, Global Price Management (GPM), is used by customers to enable global shipment routing, pricing, rating and capacity allocation management. Portrix’s solutions ...

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Baltic Dry Index climbs to 3254 up 14 points

Today, Tuesday, May 11 2021 , the Baltic Dry Index climbed by 14 points, reaching 3254 points.

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Danaos Corporation Reports 74% Increase of First Quarter Net Income, as the Container Market Rallies

Danaos Corporation, one of the world’s largest independent owners of containerships, reported unaudited results for the quarter ended March 31, 2021. Highlights for the First Quarter Ended March 31, 2021: Adjusted net income of $58.0 million, or $2.83 per share, for the three months ended March 31, 2021 compared to $33.3 million, or $1.34 per share, for the three months ended March 31, 2020, an increase of 74.2%. Operating revenues of $132.1 million for the three months ended March 31, 2021 compared to $106.2 million for the three months ended ...

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Tanker Owner Diamond S Shipping Inc. Reports First Quarter Net Loss of $33.6 Million

Diamond S Shipping Inc., one of the largest publicly listed owners and operators of crude oil and product tankers, yesterday announced results for the first quarter of 2021. Highlights for the First Quarter and Recent Events Reported net loss attributable to Diamond S of $33.6 million, or net loss of $0.84 basic and diluted earnings per share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $5.2 million. The reported net loss includes one-time items associated with the entry into the Merger Agreement (as such term is defined herein) of ...

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Valero charters tanker for Gulf Coast storage amid pipeline outage- sources

Valero Energy chartered an oil products tanker for storage in the Gulf Coast on Friday amid a cyber attack that shut the Colonial pipeline, the biggest U.S. fuel pipeline, two sources familiar with the matter said on Sunday. The tanker, called the Nave Titan, is currently in the Mississippi river in southern Louisiana, according to Refinitiv Eikon shipping data. Source: Reuters (Reporting by Laura Sanicola; Editing by Christian Schmollinger)

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China’s bulk commodity market reports growth expansion

China’s bulk commodity market reported growth expansion in April, industrial data shows. The China Bulk Merchandise Index, a gauge of the domestic bulk commodity market’s growth, stood above the boom-or-bust line of 100 percent at 103.3 percent last month, according to the China Federation of Logistics and Purchasing. The index has risen for four consecutive months, indicating a stable and growing domestic bulk commodity market, said the federation. In April, the sub-index for bulk commodity supply rose 1.7 percentage points from March to 102.7 percent, and the sub-index for sales ...

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Global Ship Lease Reports Results for the First Quarter of 2021

Global Ship Lease, Inc., a containership charter owner, announced its unaudited results for the three months ended March 31, 2021. First Quarter 2021 – Reported operating revenue of $73.0 million for the first quarter 2021. – Reported net income available to common shareholders of $4.2 million for the first quarter 2021 after $5.8 million premium paid on the full optional redemption of our outstanding 9.875% Senior Secured Notes due 2022 (“2022 Notes”) on January 20, 2021, an associated non-cash write off of deferred financing charges of $3.7 million and of ...

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