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Classification

Insurance

  • The Swedish Club Opens Singapore Office

    The Swedish Club is delighted to announce the opening of a new office in Singapore. Following 150 years in business and more than 50 years of international development, this move acknowledges the importance of the growing markets in Asia and the Club’s commitment to serving its members locally.

  • Britannia P&I publishes sustainability progress report

    Since publishing its inaugural sustainability report in 2021, several major events have impacted on Britannia’s Environmental, Social and Governance (ESG) strategy including the COVID-19 pandemic and ongoing war in Ukraine, as well as new maritime environmental legislation. This new report demonstrates, in light of these events, the positive actions that Britannia has taken in 2021 and 2022 to date and those it is committing to in the future.

  • North joins Maritime Anti-Corruption Network

    North’s membership of the Maritime Anti-Corruption Network emphasises the Club’s commitment to a fairer and more sustainable shipping community.

Oil & Gas

Ports

Finance

  • NASSCO Awarded Additional $1.4B to Expand Oiler and Sea Base Classes

    The U.S. Navy is continuing the build-out of two of its classes of support ships launched in the last decade to support naval operations. The San Diego-based shipbuilder General Dynamics NASSCO is receiving an additional $1.4 billion in U.S. Navy contract modifications for the construction of a sixth Expeditionary Sea Base ship and two additional John Lewis-class fleet oilers. This award comes in addition to $600 million already received to procure long-lead time materials for the same ships. 

  • Performance Shipping Inc. Optimistic About Sustainable Tanker Charter Rate...

    Performance Shipping Inc., a global shipping company specializing in the ownership of tanker vessels, today reported net income from continuing and discontinued operations of $3.9 million and net income from continuing and discontinued operations attributable to common stockholders of $3.7 million for the second quarter of 2022, compared to a net loss from continuing and discontinued operations and a net loss from continuing and discontinued operations attributable to common stockholders of $2.6 million for the same period in 2021.

  • Neptune Energy awards £10m vessel services contract to Sentinel Marine

    Neptune Energy today announced the award of a £10 million three-year vessel services contract to Sentinel Marine, to provide offshore support for its operated Cygnus gas field in the UK southern North Sea.

     

Shipping

  • Tomini Shipping Announces the Delivery of Tomini...

    Tomini Shipping, a leading ship-owner, and operator has taken the delivery of Interlink Veracity which has been renamed Tomini Kaimai.

  • Shipping firm Maersk, a barometer for global...

    AP Moller-Maersk this week predicted a slowdown in global shipping container demand this year amid weakening consumer confidence and supply chain congestion.

  • Maersk sees weaker demand for shipping containers...

    Shipping group Maersk MAERSKb.CO said it expects weaker 2022 global container demand growth on Wednesday, after moving fewer containers by sea in the second quarter due to worsening consumer confidence and bottlenecks at ports.

  • Record TEU Transits Panama Canal on CMA CGM...

    A new record was set for the largest container volume to transit the Panama Canal on a single ship when a CMA CGM containership transited the Neopanamax Locks in July. While not the largest containership to make the transit, the CMA CGM Zephyr (156,100 dwt) passed through with only feet to spare while carrying a record 16,285 TEU.

  • World’s Largest Containership Floated Out for MSC...

    China’s Hudong Zhonghua shipyard has floated out what it is calling the world’s largest containership based on TEU capacity. The vessel, which is being built for MSC, increases capacity versus a similar vessel built for Evergreen and delivered weeks ago as the world’s largest containership. 

Legal & Regulations

  • Review of IMO Sub-Committee on Implementation of IMO Instruments

    The IMO Sub-Committee on Implementation of IMO Instruments held its 8 the session (III 8) remotely from Monday 25 through Friday 29 July, with INTERMANAGER providing a review of the meeting.

     

  • An introduction to the SHIPSALE 22: BIMCO’s vessel sale and purchase agreement

    After more than two years of development in consultation with industry experts, the Baltic and International Maritime Council (BIMCO) drafting committee has now released the SHIPSALE 22, BIMCO’s own vessel sale and purchase agreement. The reported goal in introducing this agreement, was to modernise the highly popular and industry leading Norwegian Saleform 2012 (SALEFORM 2012), to make the negotiation process faster and simpler for the parties, to create a standard document that more logically follows the chronology of a vessel sale and purchase transaction, and to take into account the changes in modern practice.

  • India exempts passenger ferries from paying port, vessel charges for 6 months

    The Indian Government has directed all major ports to exempt all berth hiring and vessel-related charges being currently levied to the Ro-Pax and Passenger Ferries for the next six months with immediate effect.

     

Environment

Education

Women in Maritime

Techonology

  • Shell Signs On to Test All-Robotic Platform for Subsea Inspection

    Uncrewed offshore survey and inspection company Nauticus Robotics has reached an agreement with Shell on a program to develop and mature its systems for inspecting subsea infrastructure. Working with inspection tooling service providers, Shell and Nauticus will work on operational qualification for Nauticus' Aquanaut and Hydronaut autonomous platforms. 

  • MOL Joins Research JV Using Aerospace Engineering to Reduce Emissions

    Mitsui O.S.K. Lines, which has already been actively pursuing wind-assisted propulsion and fluid dynamics for improved performance, will now join a joint research effort for the application of aerospace engineering technologies to improve the performance of wind-powered vessels. One of Japan’s leading shipping companies, MOL is proactively working to use technological developments to reduce GHG emissions from its vessels and achieve group-wide net zero emissions by 2050.

  • E-marine PJSC Commissions MakaiLay across Their Fleet

    In the last year, Makai Ocean Engineering, Inc, has started commissioning the submarine cable industry’s #1 cable installation software, MakaiLay, on E-marine PJSC’s cable installation and repair vessels.

     

Dredging

LIFESTYLE

OFFSHORE

  • Transocean Sees Most Promising Offshore Outlook...

    Transocean beat earnings predictions by 25 percent in the second quarter, another sign that the offshore market is heating up after years of contraction and consolidation. The $100-plus price of oil is certainly helping, according to CEO Jeremy Thigpen. 

  • Yinson enters agreement with bp to reserve FPSO...

    Yinson, through its subsidiary Yinson Acacia Ltd, through its subsidiary Yinson Acacia Ltd, has entered into an exclusivity agreement with bp Exploration (Angola) Limited (“bp”), as the operator of the Block 31 Contractor Group (the “Agreement”) for the reservation of FPSO Nganhurra, a floating, production storage and offloading (“FPSO”) vessel for use in bp’s proposed 10 well subsea Palas, Astrea and Juno Oil Fields (“PAJ Project”) based in Block 31, Angola.

     

  • MMA Offshore acquires Subcon

     MMA Offshore has completed the acquisition of Subcon International Pty Ltd.

  • Subsea 7 and Van Oord consortium awarded contract...

    Subsea 7 and Van Oord have announced the award of a substantial1 contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) for the Gas to Energy project offshore Guyana, in water depths of up to 1,450 metres.

     

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