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Supply Chain Chaos Helped Ocean Carriers Reap $150 Billion in 2021
Ocean shipping rates are expected to stay elevated well into 2022, setting up another year of booming profits for global cargo carriers — and leaving smaller companies and their customers from Spain to Sri Lanka paying more for just about everything. The spot rate for a 40-foot container to the U.S. from Asia topped $20,000 last year, including surcharges and premiums, up from less than $2,000 a few years ago, and was recently hovering near $14,000... -gCaptainPosted On:19-Jan-2022
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Cyprus launches maritime exchange platform
Cyprus is taking its drive for total involvement of all shipping stakeholders a step further through the creation of an online communication platform which encourages all stakeholders involved in the maritime transport supply chain as well as the civil society to share thoughts and ideas with Cyprus... -Seatrade Maritime NewsPosted On:19-Jan-2022
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Philippines: An integrated approach to international maritime development
The Philippines is the world’s largest supplier of seafarers. Of the 1.6 million seafarers manning over 50,000 commercial shipping around the world, about 230,000 are Filipinos. They are preferred by international shipping companies because of their discipline, dedication, cultural sensitivity, adaptability, willingness to go the extra mile, and of course, their ability to communicate in English... -The Manila TimesPosted On:19-Jan-2022
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South Korea: 23 shipping companies fined $81M for price fixing
The antitrust regulator in South Korea has sanctioned 23 domestic and foreign container shipping companies for fixing maritime freight rates. On 18 January 2022, the Fair Trade Commission (KFTC) said it has imposed a fine of KRW 96.2 billion (about $80.7 million) on Korean and foreign carriers along with corrective order... -Offshore EnergyPosted On:19-Jan-2022
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Northern Marine to support Avance Gas’ newbuild dual-fuel VLGC
UK-based marine and offshore services provider Northern Marine Group has secured a contract for the management of a newbuild dual-fuel very large gas carrier (VLGC) vessel. The contract was awarded by the Norwegian VLGC shipowner Avance Gas for its first dual-fuel vessel, the 91,000 cbm Avance Polaris, which has the capability to utilise LPG as fuel allowing for higher efficiency and greatly reduced CO2 and SO2 emissions compared to conventional fuel... -Offshore EnergyPosted On:19-Jan-2022
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DP World Launches Cargoes Customs: A Single Window Digital Solution For Border Authorities
DP World, the leading global logistics company and provider of smart supply chain solutions, today announced the launch of its new digital compliance and revenue platform, CARGOES Customs. The platform facilitates completely paperless trade easing the flow of the customs process using innovative technology solutions, including an Artificial Intelligence driven risk engine and smart valuation... -DP WorldPosted On:19-Jan-2022
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Canada: Campbell River fire crews rescue worker trapped in loading chute on cargo ship
The Campbell River Fire Department’s high angle rescue crew responded to a call on a container ship docked near the city on Monday. At 8:22 a.m. on Jan. 17, the crew was dispatched for a technical high angle rescue on board MV Thebe, a bulk carrier that was docked at the Nyrstar loading dock at the Tyee Spit in Campbell River... -Oak Bay NewsPosted On:19-Jan-2022
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American Cruise Lines Building 12 New Coastal Cruise Ships for U.S. Market
Domestic small ship cruise operator American Cruise Lines on Monday announced plans to construct 12 new ships that will “more than double” the nation’s capacity for domestic coastal cruises. The new U.S.-built fleet, the centerpiece of what the company calls “Project Blue,” will operate exclusively in the United States and feature a “go-anywhere” hybrid catamaran design giving them “unprecedented near-shore operating versatility,” the company said in a press release... -gCaptainPosted On:19-Jan-2022
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Sri Lanka: Boat and ship building records over $ 82 m export earnings in 2021
Boat and ship building industry has recorded a 90% increase in its export earnings to $ 82.64 million last year, despite COVID-pandemic challenges. “With the limited support the State extended, the boat and ship industry has shown its knowledge, expertise, competitiveness, and resilience last year. We are ambitious to reach a $ 100 million export target for this year,” State Minister Jayantha Samaraweera told journalists... -ft.lkPosted On:19-Jan-2022
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Record Seizures of Drugs and Weapons in Arabian Sea and Gulf of Oman
U.S. and international forces operating under U.S. Naval Forces Central Command, U.S. 5th Fleet, and Combined Maritime Forces (CMF) seized record amounts of illicit cargo including illegal drugs and illicit weapons during maritime interdictions in 2021. The joint forces credited their increased patrols in the Gulf of Oman and the Arabian Sea contributing to the increased seizures, including more than $193 million in illegal drugs and large caches of weapons being smuggled across the region... -The Maritime ExecutivePosted On:19-Jan-2022
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Cargo ship with Ukrainian crew arrested for carrying undeclared arms
General cargo ship EOLIKA arrived at Dakar, Senegal, from La Spezia Italy via Las Palmas on Dec 19, reportedly for the purpose of bunkering. Port authorities found detainable deficiencies, the ship was detained. Later, in January, Customs found cargo documents to be suspicious, the ship was searched during Jan 13-14, and in 3 containers ammunition was found, understood undeclared or wrongly declared... -FleetmonPosted On:19-Jan-2022
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Murmansk-bound disabled bulk carrier on tow, Norwegian sea
Bulk carrier MELINDA suffered steering failure and started to drift 40 nm north of Lofoten, Norway, Norwegian sea, at around 1400 UTC Jan 17, being en route from Riga Latvia to Murmansk, Russia. Patrol ship NOCGV HARSTAD (IMO 9312107) responded and took disabled ship, drifting towards Lofoten coast, at around 0030 UTC Jan 18, when she was already some 15 nm off the coastline... -FleetmonPosted On:19-Jan-2022
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Chinese coaster troubled in Yellow sea
Coastal container ship ZHONG FU EN reported water ingress in engine room at night Jan 17 northwest of Penglai Port, northeast China, Bohai sea, and requested assistance. SAR ship responded, approaching ZHONG FU EN in the early hours of Jan 18. Of 15 crew on board, 6 were transferred to a SAR ship, the rest remained on board, trying to fix problems and restart engine... -FleetmonPosted On:19-Jan-2022
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