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Maersk Reports 2021 Earnings Will Exceed Forecasts by $1 to $2 Billion
Providing further evidence of the exceptional market conditions for the container shipping industry, A.P. Moller- Maersk reported that preliminary unaudited financial results for the fourth quarter of 2021 are ahead of expectations prompting the shipping giant to once again increase its forecast for the full year... -The Maritime ExecutivePosted On:17-Jan-2022
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Taiwan’s Yang Ming Marine gives 12 months of wages as year-end bonus
https://focustaiwan.tw/business/202201150005Posted On:17-Jan-2022
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Yemen’s Houthis reject UN call to free UAE-flagged ship
Yemeni Houthi rebels have rejected a UN request to release an Emirati-flagged vessel they seized earlier this month, along with its 11-member crew, saying the ship was carrying “military assets”. The United Arab Emirates (UAE) has described the Rwabee as a “civilian cargo vessel” that was leased by a Saudi company and had been in international waters carrying equipment to be used at a field hospital... -Al JazeeraPosted On:17-Jan-2022
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Michelin to debut inflatable sail this year
French tire manufacturer Michelin is pressing ahead to commercialise its automated, telescopic, inflatable wing sail system for ships, with the first trial set for the second half of this year. The Clermont-Ferrand-based company has teamed up with compatriot shipowner Compagnie Maritime Nantaise (MN), a subsidiary of Sogetrans, to install a 100 sq m wing prototype onboard the 1999-built conro MN Pelican... -Splash 247Posted On:17-Jan-2022
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Record number of ships sailed through the Suez Canal in 2021
A record-breaking number of ships sailed through the Suez Canal in 2021, including the redemptive return of the ’Ever Given’. A total of 20,694 ships traveled through The Suez Canal this year, the SCA’s chairman announced on Sunday. The record-breaking feat defies a year riddled with supply-chain chaos, the pandemic, and of course, the Ever Given’s dramatic 6-day blocking of the canal... -Business InsiderPosted On:17-Jan-2022
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BIMCO Covid 19 Weekly Report Dated 14 January 2022
BIMCO COVID 19 weekly report for the week ending 14 January covers the WHO, Brazil, Ghana, Libya, Philippines, Romania, Sweden, the UK P&I Club and the latest from the International Maritime Organization (IMO). Every week, BIMCO summarises measures imposed by governments for sea transport, including for crew change, as well as updates from United Nations bodies such as the IMO, WHO and ILO... -BIMCOPosted On:17-Jan-2022
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Sri Lanka invites more Indian investments in ports, energy, manufacturing
Sri Lanka has urged more Indian investments in ports, infrastructure, energy, power and manufacturing sectors, days after New Delhi announced a USD 900 million loan to Colombo to build up its depleted foreign reserves and for food imports amid a shortage of almost all essential commodities in the island nation... -Business StandardPosted On:17-Jan-2022
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Columbus sailor assists in rescuing injured mariners in Gulf of Oman
A group of U.S. sailors, including one from the Chattahoochee Valley, is being recognized for their assistance in rescuing injured mariners in the Gulf of Oman. The rescue effort happened on December 15, according to the U.S. Navy... -WTVMPosted On:17-Jan-2022
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Massive Tonga Volcano Eruption Triggers Pacific Tsunami
An underwater volcano off Tonga erupted on Saturday, triggering a tsunami warning for several South Pacific island nations, with footage on social media showing waves crashing into homes. Tsunami waves were observed in Tonga’s capital and the capital of American Samoa, a U.S.-based tsunami monitor said... -gCaptainPosted On:17-Jan-2022
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Russian cargo ship drifted ashore in stormy Black sea
Russian river-sea type cargo ship SGV-FLOT arrived at Batumi Anchorage, Georgia, Black sea, on Jan 7, from Istanbul. On Jan 15 in strong western wind, ship’s anchor dragged, and she drifted towards the shore. Local news and emergency service aren’t able to determine ship’s status and condition, saying only, that “situation is under control” and that grounding was prevented... -FleetmonPosted On:17-Jan-2022
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General cargo ship holed, taking on water, central Vietnam
General cargo ship VIET PHU 16 in the morning Jan 16 suffered underwater hull breach, under unclear circumstances. Understood the ship hit some underwater object, or contacted bottom, and started to take on water, southwest of Cu Lao Cham island, Quang Nam Province, central Vitnam, East China sea. Ship’s bottom in two cargo holds was holed, also ship’s bow was said to be damaged... -FleetmonPosted On:17-Jan-2022
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