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Shipping Line CMA CGM Posts $5.6 Billion Quarterly Profit
Shipping group CMA CGM on Friday reported a surge in third-quarter earnings and said it expected an even stronger performance for the end of the year as intense demand kept freight rates high and container capacity stretched. French-based CMA CGM, one of the world’s largest container lines, said net profit rose to $5.6 billion in the third quarter from $567 million in the same period last year, while core EBITDA earnings rose to $7.1 billion from $1.7 billion... -gCaptainPosted On:22-Nov-2021
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India’s Deep Ocean Mission to boost the mineral supply for country’s Electric vehicle revolution
The Government launched Deep Ocean Mission (DOM)with a corpus amount of Rs. 4077 crores to be utilized in the next 5 years, putting every penny to use in search of more and more inside the deeper Ocean basins lying within Indian control. It has been estimated that even a mere 10% of trapping out of this large reserve sanctioned to India can drive the energy demand of India (that is constantly rising) for the next 100 years to come... -The Indian WirePosted On:22-Nov-2021
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India: ’Irresponsible nations’ stalling ’rules-based’ maritime order - Rajnath
Stating that global security reasons, border disputes and maritime dominance have forced countries to move towards strengthening their military power, Defence Minister Rajnath Singh said on Sunday that some “irresponsible nations”, for narrow partisan interests, keep on giving “new and inappropriate” interpretations to international laws. These are creating obstacles in the path of a “rule-based maritime order” the Minister said... -The HinduPosted On:22-Nov-2021
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Nigeria: Navy Warns Ship Owners Against Illegal Marine Activities
The Nigerian Navy Service (NNS) has warned ship owners and companies operating in the Niger Delta communities to shun illegal marine activities or risk seizure of their vessels. The Service also appealed to ship owners and other stakeholders to seek and obtain all necessary approvals before embarking on any maritime activity in the region... -The TidePosted On:22-Nov-2021
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Anchoring awareness revisited
Port Authorities today, most likely require lost anchors to be found and removed, thereby resulting in a “wreck removal” case. The more serious and very costly cases occur when dragging anchors leads to collisions, groundings, damage to subsea -cables and -pipelines, or pollution. Ship operators, Masters and crew need to be aware of the risks involved and thoroughly assess the limitations of a vessels’ anchoring equipment... -gard.noPosted On:22-Nov-2021
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Washington state and Norway renew maritime-focused MOU
Amidst a sea of colorful waterproof bibs, plush captain chairs and boat parts galore, representatives of the state of Washington and the Norwegian government renewed their memorandum of understanding Friday at the Pacific Marine Expo in Seattle. The new two-year agreement will maintain the framework, which was first established in 2019,.. -j99news.comPosted On:22-Nov-2021
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Smart, sustainable maritime transport critical to global recovery
Although the COVID-19 pandemic’s impact on maritime trade last year was less severe than expected, the knock-on effects will be far reaching and could transform the sector, the UN trade and development body, UNCTAD, said in its latest report, published on Thursday. Maritime trade contracted by 3.8 per cent in 2020, but later rebounded, and is estimated to increase by 4.3 per cent this year, according to the report... -Modern DiplomacyPosted On:22-Nov-2021
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Cruise industry gets back to business in Florida
For the Gaudette boys, there are few things more exciting than seeing Mickey Mouse – except maybe when the iconic Disney character’s big-eared silhouettes are on the twin smokestacks of a giant cruise ship, waiting to take them on a surprise four-day, round-trip voyage to the Bahamas from Miami... -The Globe and MailPosted On:22-Nov-2021
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UAE submits three proposals supporting IMO’s reforms
The UAE has submitted three proposals to the International Maritime Organisation (IMO) that support the reforms undertaken by IMO regarding the development and improvement of the work system. The reforms were introduced during the meetings of the IMO Council, where the UAE has a Category (B) membership. Through this move, the country hopes to keep pace with global changes and technological developments... -Khaleej TimesPosted On:22-Nov-2021
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Hawaii: No cruise ships until 2022
Anyone hoping to travel on a cruise ship to Hawaii this year can forget about it. “Given the preparations and coordination needed to ensure Hawaii residents feel confident in the plan to resume cruising, we do not anticipate approving port call for cruise vessels with passengers in the time remaining in 2021,” state Department of Transportation spokesman Jai Cunningham said Thursday... -Hawaii Tribune-HeraldPosted On:22-Nov-2021
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Supporting seafarers into the future
Seafarers Hospital Society is launching the findings of its landmark study of maritime worker health initiatives at its seminar on Friday 26 November 2021. The study, conducted by Yale University, looks into the effectiveness of the various maritime worker health initiatives taken by shipping companies, charities and the wider maritime sector to keep seafarers healthy and safe... -seahospital.org.ukPosted On:22-Nov-2021
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Iran Seizes Vessel And Crew Carrying Smuggled Fuel
Iran’s Revolutionary Guards said on Saturday they had seized a foreign ship in Gulf waters loaded with what they described as smuggled diesel. Guards commander Ahmad Hajian said the ship’s 11 crew had been detained, but did not give details on their nationality or identify the ship. “After inspection, more than 150,000 liters of smuggled diesel were discovered,” Iran’s state broadcaster quoted Hajian as saying... -gCaptainPosted On:22-Nov-2021
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Port Congestion Eases in Asia While U.S. Battles Import Deluge
Asia’s largest ports are showing signs that congestion is easing ahead of the holiday season, a potentially positive step for key trade gateways in the U.S. that are still battling an influx of imports. Total traffic in Shanghai-Ningbo declined by 0.2% from the previous week and Hong Kong-Shenzhen’s ship count dropped 10.4%, according to an analysis of data by Bloomberg News...-gCaptainPosted On:22-Nov-2021
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Brand new container ship collided with bulk carrier, heavily damaged, HK
Report emerged on a collision between a brand new container ship WAN HAI 288, and bulk carrier AMC NAVIGATOR, in Hong Kong waters. Collision took place at night Nov 17, both ships were under way, but WAN HAI 288 was restricted by oncoming container ship on her portside, and couldn’t swing to port as it was required by circumstances, to avoid collision... -FleetmonPosted On:22-Nov-2021
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Loaded tanker aground in Volga Caspian Sea Canal
Product tanker ABESKUN ran aground on 158 kilometer mark of Volga Caspian Sea Canal at around 1600 Moscow time Nov 21. Tanker, reportedly with cargo of crude, is en route from offshore oil field to Astrakhan port, Volga. No reports on damages, no leaks. Tug TARPAN understood to be already on site as of 1640 UTC, Canal traffic probably hampered... -FleetmonPosted On:22-Nov-2021
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General cargo ship ran into embankment in Kiel Canal
Cargo ship ran into embankment in Sehestedt area, Kiel Canal, at around 0300 UTC Nov 21, while transiting Canal in western direction. The ship was able to detach from embankment and continue transit under own power, she reached Brunsbuettel and was berthed in Canal, most probably for inspection and investigation, she’s said to be damaged... -FleetmonPosted On:22-Nov-2021
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