Oceaneering Makes A Generous Donation To Global Ocean

US-based ocean science nonprofit Global Oceans, has acquired, via a donation from Oceaneering, three deep-sea exploration vehicles rated to
6000 meters of operational depth, reports Offshore Engineer.

About the donation 

The donation includes the Magellan 725 ROV, the Ocean Discovery ROV, and the Ocean Explorer 6000 Towed Sonar System, together with the infrastructure needed to deploy the vehicles including winches, cranes, power systems, operational modules, workshops, and supplies.



Maersk Eyes Improved Flow of Goods in Land and Sea

  • Demand for ocean shipping services is likely to remain unusually high.
  • Supply will remain tight for some time as shippers and carriers adapt to shifts in supply chains driven by the coronavirus pandemic.
  • Manufacturers have boosted output as their customers in the rest of the world rebuild inventories depleted by the interruption of production in Chinese factories.
  • At the same time, idle capacity in the ocean shipping sector is at a historic low of about 1.5%, and there’s little extra capacity...


Asia-Europe Rates To Go Below $10,000 Over Forwarders Bidding War

According to a LoadStar article written by Mike Wackett, major forwarders are engaged in fierce bidding wars in China, in order to secure equipment and space to North Europe.

And several carriers are reported to have opened first- and second-round tenders with the highest bidders for guaranteed shipment this month.

Bidding War in China

According to Chinese forwarder contacts, carriers are inviting offers for available slots on end-January sailings from Shanghai, Ningbo, Qingdao and Yantian, with...


Carriers ‘Booking Stops’ Remedy for Container Shortage Increases Rates

According to a LoadStar article by Mike Wackett, carriers are imposing booking stops around Europe, as well as tightening the time allowed to pick up equipment prior to vessel departure dates.

The moves come as exporters from North Europe to Asia continue to struggle to secure equipment and vessel space.

Equipment Pickup Tightening

One UK forwarder source told The Loadstar that, for one client, it had taken him over three weeks of searching in December to find a carrier prepared to offer equipment...


Class NK Certification for Kawasaki Integrated Maritime Solutions

  • Leading Classification Society ClassNK certified “Kawasaki Integrated Maritime Solutions”.
  • It is jointly developed by Kawasaki Kisen Kaisha, Ltd. (“K” LINE) and Kawasaki Heavy Industries Group.
  • Also its first Innovation Endorsement*1 for Products & Solutions, the Society’s new certification service for innovative technologies.

A recent news article published in the Class NK website highlights about ClassNK certification to “Kawasaki Integrated Maritime Solutions” as its first Innovation...


Scorpio Tankers Updates its Financial Activities

  • Scorpio Tankers Inc. announced today that it has received a commitment to sell and leaseback three MR product tankers.
  • The three tankers are (STI Memphis, STI Soho, and STI Osceola) and one LR2 product tanker (STI Lombard) to AVIC International Leasing Co., Ltd. Upon completion.
  • The Company’s liquidity is expected to increase by about $32 million in aggregate after the repayment of outstanding debt.
  • The terms and conditions of these arrangements are similar to those set forth in the Company’s...


A.P. Moller – Maersk extends partnership support to The Ocean Cleanup

A.P. Moller- Maersk, an integrated container logistics company and The Ocean Cleanup comes into a new 3-year partnership as extending their relationship, says a press release published on the Maersk website.

Extended Support

Besides Maersk Supply Service support with vessel operations and offshore project management, Maersk will now support The Ocean Cleanup with logistics end-to-end handling services, ranging from worldwide shipment from different locations to airfreight, container & special...


Euronav Joins Neptune Declaration for Seafarer Wellbeing

A new Global Maritime Forum task force to tackle the ongoing crewing crisis has secured Euronav as a signatory, reports Lloyd’s List.

Neptune Declaration on Seafarer Wellbeing and Crew Change

Euronav has become a signatory to the Neptune Declaration on Seafarer Wellbeing and Crew Change, which has been developed by the Global Maritime Forum.

The task force, which is co-chaired by V. Group chairman Graham Westgarth and ONE chief executive Jeremy Nixon, will officially launch during the Davos Agenda...


Singapore Fuel Oil Inventories Slip Amid Rare Exports

  • Singapore’s residual fuel oil inventories slipped 0.1 per cent in the week to June 24, inching away from a more than three-year high hit the week before.

Singapore’s residual fuel oil inventories fell 1% in the week ended Jan. 13, reflecting a slight decrease in net import volumes and steady bunker fuel demand, reports Reuters.

Fuel oil stocks dip

Onshore fuel oil stocks slipped 34,000 barrels, or about 5,000 tonnes, to 26.596 million barrels, or 4.188 million tonnes, in the week ended...


Maersk Refutes IT Failure Being Another Cyber-attack

  • Maersk has denied that a communication failure today was a new cyber attack.
  • The employees are experiencing issues with logging-on to the central IT network and the service centers.
  • The provider believes they have identified and fixed the issue and, currently recovering globally.

Maersk has denied that a communications outage on Jan. 14 was a new cyber-attack, reports the Loadstar.

IT failure at Maersk

The shipping company confirmed that “there were problems with the IT network that affect the...


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