Latest Maritime News
31 August-13 September 2021
Maersk CEO Calls for Ban on Oil-Fueled Vessels

CEO of A.P. Moller-Maersk Soren Skou is seeking a green revolution in the shipping industry and now contends that policymakers, in broad terms, should ban oil-fueled vessels.

"l cannot exactly say when that date will arrive for us to go through with it," he says in an interview with Danish media Berlingske Business. "However; we need to impose a ban eventually. If the world wants a stop to this, it also needs to extend to shipping."

"ln the car industry, there is talk of setting a date by which it will no longer be possible to buy a gasoline-powered car In shipping; we also need to talk about when It will no longer be possible to order a vessel sailing on traditional fuels;" says Skou. Continue reading here (Source: Energy Watch).
Los Angeles Port Logjam Tops 50 Ships; Wait Exceeds Eight Days

The number of container ships waiting to enter the largest U.S. gateway for transpacific trade swelled to another pandemic record and the average wait jumped to more than eight days, adding delays and costs during peak season for companies to rebuild inventories.

Fifty-five vessels were anchored or idling further offshore waiting to offload at the twin ports of Los Angeles and Long Beach, California, as of late Friday, up from 40 two weeks ago, according to officials who monitor marine traffic in San Pedro Bay. The average wait rose to 8.5 days compared with 7.6 in late August, according to L.A. port data. Continue reading here (Source: Bloomberg).
Oil Rises to Six-Week High as US Supply Concerns Dominate

Oil prices rose to a six-week high on Monday as U.S. output remains slow to return two weeks after Hurricane Ida slammed into the Gulf Coast and worries another storm could affect output in Texas this week.

Those price gains came even though the Organization of the Petroleum Exporting Countries (OPEC) trimmed its world oil demand forecast for the last quarter of 2021 due to the Delta coronavirus variant.

Brent futures rose 59 cents, or 0.8%, to settle at $73.51 a barrel, while U.S. West Texas Intermediate (WTI) crude rose 73 cents, or 1.1%, to settle at $70.45. Continue reading here (Source: Reuters).
Tropical Storm Nicholas Could Cause up to 20 Inches of Rain in Gulf Coast

Tropical Storm Nicholas on Monday afternoon had maximum sustained winds of 65 mph and was located over the Gulf of Mexico.

The storm was 70 miles south of Port O'Connor, Texas, and moving north-northeast at 12 mph. Hurricane Watches and Storm Surge Watches were up for portions of the southeast Texas Coast, including Galveston Bay and Corpus Christi Bay.

Heavy rain associated with the outer bands was already falling on the Texas and Louisiana coasts, including across the Houston metro area. Tropical storm-force wind gusts were already occurring along the middle Texas coast. Continue reading here (Source: NBC).
The Domino Effect of Port Congestion

A butterfly effect can be seen in supply chains worldwide, with disruptions in one location resulting in significant delays and congestion elsewhere on the planet. The pandemic has highlighted the fragility of this interconnected system, and in recent months COVID outbreaks and extreme weather in parts of Asia have led to unprecedented levels of congestion in ports across Europe and the Americas. This is causing a drop in schedule performance worldwide: today, merely a quarter of vessels on the Asia-North Europe route are on time.

Bringing this knock-on effect to a halt will require a dual focus: while not losing sight of the macro consequences of port congestion, we must also bring our attention to the granular level, where seemingly small actors play a decisive role to ensure that ships can arrive and leave ports as swiftly and efficiently as possible. Continue reading here (Source: Splash247).
Northwest Ports Aim to Eliminate Shipping-Related Emissions by 2050

Port operators in Seattle, Tacoma and Vancouver, British Columbia, have set a goal to eliminate shipping-related emissions throughout the broader Georgia Basin-Puget Sound waterway by 2050. 

The effort involves the Port of Seattle, Port of Tacoma, Northwest Seaport Alliance, and the Port of Vancouver. The governing bodies of these port organizations in April formally approved the Northwest Ports Clean Air Strategy 2020, which builds on an earlier clean air plan enacted in 2008.

The updated document calls on these ports to voluntarily reduce air and greenhouse gas emissions in support of the 2050 emissions goal. More detailed port-specific plans to meet that goal will be released in the future, and progress will be charted along the way. Continue reading here (Source: Professional Mariner).
Cruises Are Back: Here's What You Need to Know About Safety Before You Climb Aboard

After almost 18 dormant months in the age of COVID-19, cruise lines are increasingly beginning to sail again. American Cruise Line launched from Florida in March. Crystal Cruises resumed operations, with two vessels sailing in the Bahamas, in July. The Norwegian Jade is cruising the Greek Isles, with many Americans on board. At the end of August, Oceania Cruises’ Marina set sail from Copenhagen, and its sister ship, the Riviera, is scheduled to travel from Istanbul to Trieste in October. The 2022 itineraries on Viking Ocean Cruises are almost fully booked. Clearly there is demand, and passengers are willing to climb aboard. The question is: Is it safe to cruise now? Continue reading here (Source: Wall Street Journal).
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