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Trans-Pacific ‘going crazy’ as demand defies pandemic pessimists

China-U.S. West Coast container rates continue their astonishing climb. Not because of too little vessel supply, but because of too much import demand. U.S. import demand that is not surging despite of coronavirus, but because of it. “The trans-Pacific eastbound market is going crazy,” exclaimed Nerijus Poskus, vice president and global head of ocean freight at digital …

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We can make deep sea shipping zero emission – and it wouldn’t even be that costly

While seaborne transportation is the most energy efficient way to move goods and raw materials, the shipping industry is still a large contributor to the world’s emissions of greenhouse gases. In the face of major climate challenges, we have little time to lose. The students in this year’s summer-intern program share our optimistic outlook for …

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Government funds ‘shovel ready’ maritime projects in England

The Government is making £900 million available through the new Getting Building Fund (GBF) for investment in local, shovel-ready infrastructure projects to stimulate jobs and support economic recovery across the country. This investment is being targeted in areas facing the biggest economic challenges as a result of the pandemic. Individual allocations are awarded via Local …

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Teekay Corporation Reports Second Quarter 2020 Results

Teekay Corporation (Teekay or the Company) (NYSE:TK) yesterday reported results for the second quarter ended June 30, 2020. These results include the Company’s two publicly-listed consolidated subsidiaries, Teekay LNG Partners L.P. (Teekay LNG) (NYSE:TGP) and Teekay Tankers Ltd. (Teekay Tankers) (NYSE:TNK) (collectively, the Daughter Entities), and all remaining subsidiaries and equity-accounted investments. Teekay, together with …

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Royal Navy, DSTL and NOC collaborate on underwater survey work

Royal Navy, Defence Science and Technology Laboratory (DSTL) and the National Oceanography Centre (NOC) have renewed and expanded their Memorandum of Understanding for the underwater survey work. The agreement will see the organisations continue to collaborate in trials and testing of marine autonomous systems and sensors to collect data, broadening the navy’s capabilities in this …

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Motorista para buque perforador, 2000 USD/mes

Urgently need Motorman for Drill vesselJoin date: ASAPDuration of contract: 2 monthsVessel’s Type: Drilling VesselDWT: 60500Year built: 2012Sea-going Experience: 3 contracts and more on any type of vessels in the rankEnglish Level: Good and higher Interesados: crew@navigaremanagement.com.ua

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