Wakashio wreck removal draws to a close
Brand Marine Consultants GmbH (bMC) reports that technical operations to remove the wreck of the grounded bulker Wakashio, along with all associated debris, concluded January 16. The final actions of the wreck
Shipping
Dry bulks: Can the boom resume?
Looking for what’s ahead in the dry bulk shipping markets? The thermometer usually used to measure the health of the dry bulk market is the Baltic Dry Index, and through the first
CMA names its 2022 Commodore
The Connecticut Maritime Association (CMA) has named Gary Vogel, CEO of Stamford, Conn.-headquartered Eagle Bulk Shipping Inc. (NASDAQ: EGLE) as its Commodore for the year 2022. The 2022 Commodore Award will be
And when the master woke up, the ship had grounded
You can’t make this stuff up. A recent Danish Marine Accident Investigation Bureau report into the October 18, 2021, grounding of the 88.6 meter long Dutch registered general cargo ship Beaumaiden near
Genting Hong Kong: The other shoe drops
As we noted when German shipbuilder MV Werften filed for insolvency on January 10, the move raised big questions about the future of its parent Genting Hong Kong, whose operations include Dream
Cruising: With CSO gone, booking season hopes mount
We’re now into the cruise industry’s “Wave season,” the three-month period from January 1 to March 31 when — prior to COVID — cruise lines and travel agents historically booked the largest
WasteFuel launches bio-methanol marine fuel solution
California-based biofuels start-up WasteFuel has launched WasteFuel Marine, a renewable fuel solution for the shipping sector. Perhaps not surprisingly, given that Maersk is an investor in the company, WasteFuel Marine’s initial product
NYK Line orders 4 LNG-fueled Capesizes
Japan’s NYK Line has placed orders for four LNG-fueled Capesize bulk carriers at three shipyards. Three will be built in Japan (two at at Nihon Shipyard, one at Namura Shipbuilding) while the
Maersk again ups profits guidance
Looks like A.P. Moller – Maersk A/S won’t be strapped for cash as it plans a new generation of methanol fueled box ships and ratchets up its decarbonization ambitions. Maersk is reporting
Teekay LNG to become Seapeak
Teekay LNG Partners L.P. (NYSE: TGP) today reports that its previously announced acquisition by investment vehicles managed by New York City headquartered Stonepeak has completed. With the $6.2 billion deal done, the