The total orderbook for dry bulk, container and tanker ships has reached its lowest point in 17 years as Covid-19 has massively slowed contracting (-50%) while deliveries of new vessels have proved more resilient (-2%). The orderbooks for dry bulk and container ships in particular have fallen sharply. At 63.4m DWT, the dry bulk orderbook …
Ship orderbook shrinks to 17 year low as Covid-19 slows contracting Read More »
Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the transportation of major and minor bulk commodities globally, today reported its financial results for the three months and six months ended June 30, 2020. The following financial review discusses the results for the three and six …
Genco Shipping & Trading Limited Announces Second Quarter Financial Results Read More »
The Board of Directors (the “Board”) of FSL Trust Management Pte. Ltd., as trustee-manager (the “Trustee-Manager”) of First Ship Lease Trust (“FSL Trust” or the “Trust”), announces that FSL-20, Inc., FSL-21, Inc. and FSL-22, Inc., wholly-owned subsidiaries of the Trust, have, in the ordinary course of business, executed memoranda of agreement to sell the containerships …
President Doumbia-Henry: “Distance learning is a useful modality which helps achieve UN’s Sustainable Development Goals” Robban Assafina has launched its new webinar “Maritime Distance Learning: Reality and Challenges”, the second of the magazine’s Middle East Maritime Online Forum webinar series, discussing Maritime Educational Academies and Institutes’ rapid shift towards digitation in response to the high …
Education leaders around the world discuss the future of maritime education Read More »
The World Ocean Council (WOC) – the Global Blue Economy Business Organization – invites support for the charity crowdfunding campaign to raise funds for vulnerable fishing communities as the COVID-19 pandemic affects those with less secure financial and health resources. In Peru, small-scale fisheries play a critical role in food security, supplying approximately 95% of …
If the approval of the U.S. Vineyard Wind 1 offshore wind farm is further delayed, or if the project’s permitting process ends up with a rejection, the industry could take it as a signal to pour its offshore wind money in Europe and Asia, according to comments submitted to the U.S. Bureau of Ocean Energy …
US: Industry points to broader effects of Vineyard Wind 1 permitting decisions Read More »
Scorpio Bulker’s decision to invest in a wind turbine installation vessel, announced earlier this week, came as a major surprise for the market, with many questioning the motives behind the dry bulk operator’s bold move into a brand new sector. The company signed a Letter of Intent with South Korean shipbuilder Daewoo Shipbuilding and Marine …
Scorpio Bulkers: Renewables highly compelling market for our future Read More »
A multi-user, planned transmission system for offshore wind in New York could result in electric grid cost savings of over $500 million and significantly reduce environmental impacts and project risks, according to a new report prepared by The Brattle Group for Anbaric. The Offshore Wind Transmission: An Analysis of Options for New York report evaluates the …
Shared grid offshore New York cuts over $500 million in costs (Report) Read More »
The integration of offshore energy systems, including oil and gas, renewables, hydrogen, and carbon capture and storage, could deliver around 30 per cent of the UK’s total carbon reduction requirements needed to meet the 2050 net-zero target, the OGA said. UK’s Oil and Gas Authority’s (OGA) Energy Integration Project report highlighted additional potential for offshore …
OGA: Offshore energy industry can aid UK in reaching net-zero Read More »
UK-based manufacturer of marine monitoring systems Ocean Scientific International Ltd (OSIL) have achieved an export milestone for global sales. Now exporting to over 100 countries, OSIL’s global customer base is ever expanding despite a challenging climate. The latest export country was Georgia with an order for Niskin Bottles and a Marine Nutrient Standards Kit shipped …
