International Shipping News.

The container spot freight rates from China East Main ports to US West Coast ports rose to USD 1,837 per FEU on 1 June 2020, a 5% increase from the previous week. The rise marks a positive development despite the Covid-19 crisis which is expected to cause a fall in demand for container shipping in ... […]

CWind Taiwan, a joint venture between CWind and International Ocean Vessel Technical Consultant (IOVTEC), has added two further 24m crew transfer vessels (CTVs) to its fleet to fulfil its latest charter agreement with Siemens Gamesa Renewable Energy (SGRE). The two vessels have been acquired from class-leading offshore energy support vessel (OESV) operator, Seacat Services, and ... […]

In yet another turn of extraordinary events, the Baltic Dry Index (BDI) is now hovering around the lowest level in at least 20 years. The index currently sits at 520 index points (1 June 2020), 583 points below the reading one year ago and underscoring the difficulties currently faced by dry bulk shipowners. While the ... […]

Key Points · On May 14, 2020, OFAC, the Department of State and the U.S. Coast Guard jointly released guidance for persons involved in the maritime industry regarding common deceptive shipping practices used to subvert U.S. and United Nations sanctions programs targeting Iran, North Korea and Syria. · The guidance highlights certain deceptive practices employed ... […]

With the current focus on alternative marine power sources, it’s easy to overlook the overwhelmingly dominant position of the internal combustion engine, or ICE, in marine propulsion. The marine two-stroke ICE is so well proven and so well established that it will continue to have a central place in ship propulsion for decades to come. ... […]

Two of six tankers used to store gasoline in Asia have arrived in Indonesia, with shipments into Asia’s largest petrol importer expected to rise this month versus May as Pertamina replenishes stocks, according to industry sources and Refinitiv shipping data. Indonesia’s fuel demand slumped in the second quarter and inventories rose after the government imposed ... […]

The Notice of Readiness (NOR) clause in a previous fixture may not have the same effect if used in a new fixture. Shipbrokers should bear this in mind when copying wordings from previous fixtures says the International Transport Intermediaries Club (ITIC). When NOR is tendered by the Master, they are stating that their vessel is ... […]

The Nordic energy company Gasum reached another milestone by completing a liquefied natural gas (LNG) bunkering for Heerema’s Sleipnir, the largest semi-submersible crane vessel in the world. The bunkering took place in May in Åmøyfjorden, Norway. Gasum’s extensive fleet of supply vessels offers flexibility to customers by providing bunkering operations for vessels of all sizes. ... […]

The MOU will see ABB and DNV GL work together on a “Digitalization Roadmap”, to examine how the maritime industry can benefit from the greater availability of data, interconnectivity of systems, data analysis, and new technologies such as AI (artificial intelligence) and machine learning. Even though DNV GL and ABB together have over two centuries ... […]

The technology group Wärtsilä has been contracted by the City of Duisburg, Germany, to provide the latest in simulator technology for inland waterway navigation. The simulator will consist of seven full mission bridges in two locations within Duisburg; six at the Schiffer-Berufskolleg Rhein vocational college, and one at the DST Development Centre for Ship Technology ... […]