Record high US seaborne exports of coarse grains in March of 9.2 million tonnes took total Q1 exports to 21.3 million tonnes. This is the highest ever first quarter on record and a 120% increase from Q1 2020. Of the total 21.3m tonnes exported so far this year, 68%, or 14.6m tonnes, have gone to …
BIMCO: Tonne mile demand triples as March witnesses US coarse grain madness Read More »
The acquisition fully integrates container fire-fighting innovation into VIKING’s one stop portfolio of maritime safety solutions. VIKING Life-Saving Equipment has acquired HydroPen, the company behind the unique HydroPenTM container firefighting solution supplied to hundreds of ships. HydroPen’s rapid uptake has been due to its combination of innovation, efficiency and ease of use. Attached to a …
VIKING acquires unique HydroPentm container firefighting system Read More »
A.P. Moller – Maersk had an exceptionally strong start to the year, with strong earnings and growth momentum across all our businesses in ocean, port services and logistics. The company benefitted from strong demand in a market still influenced by the pandemic and significant disruptions in global supply chains. Strong demand coupled with significant operational …
Reefer container freight rates have risen sharply this year but remain far outgunned by the inexorable rise in dry box pricing, according to Drewry’s newly launched Reefer Shipping Forecaster report. Drewry’s Reefer Container Freight Rate Index, a weighted average of reefer freight rates across the top 15 reefer intensive trade lanes, jumped 26% in the …
Reefer container freight rates soar but remain outgunned by dry box rates Read More »
Norwegian centre for research and innovation Sintef Ocean has performed tests on a scaled floating solar model on behalf of Moss Maritime and Equinor. Floating solar power plant model tested by Sintef Ocean (Courtesy of Sintef) The 1:13 scale floating solar model, consisting of 64 interconnected floats, was tested at Sintef Ocean’s test tank that …
Sintef Ocean on point for Moss Maritime-Equinor floating solar model trials Read More »
Danish shipping and logistics giant A.P. Moller – Maersk delivered an exceptionally strong performance in Q1 2021 with a record profit for the quarter. Overall in Q1, EBITDA increased to $4 billion from $1.5 billion year on year and EBIT to $3.1 billion from $552 million compared to same quarter last year, while revenue improved …
Maersk reports record profit amid high freight rates Read More »
The UK-based Fellows International has completed the UXO target investigation scope at the Formosa 2 offshore wind project in Taiwan. After the completion of the marine geophysical survey, Fellows International gathered and recorded individual UXO target information using remotely operated vehicles (ROVs). The work was done on behalf of Australian marine services provider MMA Offshore. …
Fellows International wraps up UXO hunt at Taiwanese offshore wind farm Read More »
Oil and gas company BHP has produced first oil production from the Ruby project, which is located offshore Trinidad and Tobago. Ruby is located offshore Trinidad and Tobago in the shallow water in Block 3(a) within the Greater Angostura field. BHP approved $283 million (BHP share) in funding to develop the Ruby project back in …
Aker Solutions has reported growth in both earnings and order intake in the first quarter of 2021, with about 35 per cent of new contracts related to the energy transition. In Q1 2021, Aker Solutions saw an EBITDA of NOK 427 million (approximately EUR 42.5 million), with a margin of 6.6 per cent, an increase …
Aker Solutions reveals good figures in 2021 start Read More »
International legal and professional services firm, Ince, has today announced the establishment of a global virtual choir from companies and organisations from across the industry to record ‘Sailing’ – the song made iconic by Rod Steward – in partnership with Royal Museums Greenwich and supported by four of the world’s leading maritime charities: Mission to …
