American pipeline owner Amplify Energy Corp is suing Mediterranean Shipping Co (MSC) and COSCO over a big oil spill off the Californian coastline last autumn. The two liners are accused of dragging anchor over Amplify’s pipeline, causing damage. The pipeline, which was used to transfer crude oil...
https://splash247.com/msc-and-cosco-sued-over-last-years-californian-pipeline-spill/
China United Lines (CULines) has placed an order at Shanghai Waigaoqiao Shipbuilding for the construction of its two largest containerships to date. The deal for a 7,000 teu pair follows the company’s order at another CSSC-affiliated yard, Huangpu Wenchong Shipbuilding, for two 2,700 teu feeder...
https://splash247.com/culines-books-7000-teu-pair-at-shanghai-waigaoqiao/
DP World’s P&O Maritime Logistics is set to enter the container shipping sector after recently completing container fitting modification to its multi-carrying vessel (MCV) , with plans to retrofit additional vessels in the future. The containerised market entry marks a first for the company and it...
https://splash247.com/po-maritime-moves-into-container-shipping/
Newbuild Full Year Review
Using VesselsValue data, George Delaney, Cargo Analyst, has highlighted the various factors that influenced the Newbuild market of 2021, including movement restrictions during lockdown, geopolitical uncertainty and the ongoing shift towards greener shipping. This article looks at the impact of Covid-19 on global vessel orderbooks, and how the everchanging landscape of trade and consumerism will shape the future for Newbuilds.
| 1,286 vessels were added to the orderbook... |
https://allaboutshipping.co.uk/2022/02/28/newbuild-full-year-review/
Money is no object to the Singapore-registered, Alibaba-linked Transfar Shipping – getting box tonnage, whatever the costs is the priority in today’s tight container markets. Brokers report Transfar has taken the 13-year-old, 4,600 teu from Germany’s Northern Shipping for a period of up to three...
https://splash247.com/transfar-takes-4600-teu-boxship-for-200000-a-day/
The BDI@2,076, Dirties up at 1,147 whilst Ukrainian chaos begins to shake Planet Ocean …and with Covid still around…
The BDI (Baltic Dry Index) was down 111 points since yesterday and now stands at 2076. On a weekly though basis the BDI was up 112 points from 1,964p. Dirties advance; a good sign or a tempo rise… The despicable situation in Ukraine continues and the West must not just impose the toughest of sanctions but go even beyond before it’s too late....
Global shipping reacted sharply to yesterday’s full-scale invasion of Ukraine by Russia with an armada of international merchant ships exiting the area to safer waters, and tanker rates recording historic leaps in earnings. Russian forces are closing in on the capital Kiev today while Ukrainian...
https://splash247.com/shipping-navigates-the-fallout-from-russias-invasion-of-ukraine/
The California Air Resources Board has reached a settlement agreement with Taiwan’s Wan Hai Lines, setting a $680,750 fine over violations of the Ocean-Going Vessels At-Berth Regulation that aims to reduce diesel particulate matter and oxides of nitrogen from ocean-going vessels auxiliary engines...
https://splash247.com/wan-hai-slapped-with-fine-from-the-california-air-resources-board/
The global nature of the container port congestion saga, which has dogged supply chains during the pandemic, is illustrated clearly today with data from consultancy eeSea. The Danish firm has sent Splash a map (see below) charting the congestion hotspots around the world, an image that clearly...
News last month that Mediterranean Shipping Company (MSC), the world’s largest containerline, had decided to suspend intermodal operations in Brazil with Santos, Latin America’s largest port, labelled cocaine’s “world trade center” was read by more than 50,000 Splash readers. The interest in the...
https://splash247.com/how-the-port-of-santos-became-the-worlds-cocaine-export-hub/