EBIT was up almost five times to $5.9 billion in Q3 2021 and EBITDA tripled to $6.9 billion, compared to $1.3 billion and $2.3 billion seen in Q3 2020, respectively.
“In the ongoing exceptional market situation, with high demand in the US and global disruptions to the supply chains, we continued to increase capacity and expand our offerings to keep cargo moving for our customers. Our integrator strategy is key to supporting our customers’ end-to-end logistics needs by designing a more stable Ocean business, strongly growing our logistics offering and relying on automated and efficient terminals,”Søren Skou, CEO of A.P. Moller – Maersk, commented.
West Coast tug operator Foss Maritime has decided to close its shipyard on Seattle’s Lake Washington Ship Canal, ending a years-long effort to “improve the viability” of the facility.
The closure took effect on Saturday, and it will affect 115 employees. Foss is providing a generous severance equivalent to about two months’ pay, along with benefits and average overtime wages.
The closure will not affect any of the company’s other operations, and Foss will turn to other Pacific Northwest shipyards to maintain its fleet of tugs and barges.
“While the closure of the Seattle shipyard is a strategic decision for the future of Foss, it is not a decision we have taken lightly,” said Will Roberts, president of Foss Maritime. “We have employees and families who have been with us for decades; our priority is assisting them in this transition.”
Foss did not provide a detailed explanation for the closure, but sources in the Seattle ship repair industry suggest that a long-running labor dispute over pension benefits played a role. In a statement, the firm said that it had pursued options for selling the business segment, but these “ultimately did not materialize due to insufficient market interest.”
“Our goal has always been to preserve the continued operation of the yard which is why we have been willing to sustain losses and remained committed to finding a path forward for so long. Unfortunately, no such path exists, and we have decided to move in a different direction that is more aligned with our strategic priorities for the future of the company,” said Roberts in a statement. “Foss does not own the property and any future use will be up to the landlords.”
The Seattle yard is the second that Foss has closed in three years, following the shutdown of its Rainier, Oregon facility in 2018. The Foss Rainier Shipyard had been in operation under the firm’s management for more than two decades, and it handled nearly two dozen newbuild construction projects for the company over the years.
The Port of Seattle’s commission has voted to speed up its carbon-cutting efforts by ten years and now aims achieve net-zero emissions from its own operations by 2040. The port has also committed to accelerating its goal for tenant and port user emissions to be carbon neutral or better by 2050.
The policy directives were timed to coincide with the Conference of Parties 26 (COP 26) meeting in Scotland. “The urgency for climate action is underscored by the UN Secretary General’s recent statement that the impacts of climate change are a ‘code red for humanity,’” said Port of Seattle Commission President Fred Felleman. “As a public port, these investments are not just the right thing to do, but they also give us a competitive advantage because businesses are increasingly seeking ways to reduce their emissions.”
The port also highlighted its participation in new exploratory studies of renewable hydrogen as a maritime fuel source; a new partnership with Seattle City Light (SCL) and the Northwest Seaport Alliance (NWSA) to focus on waterfront electrification; and its membership in the Getting to Zero coalition.
A California-based start-up released its design concepts for the first fully electric hydrofoil ferry. Using the revolutionary design, the company says will make it possible to double the speed and range of existing electric ferries.
“Hydrofoil technology is the key to enabling electrification of passenger ferries” explains Ed Kearney, CEO of Boundary Layer Technologies. “By reducing the drag of the vessel by a factor of two, the powering requirements are also halved, which increases the speed and range of what an electric ferry can do. This opens the door to electrification of the majority of ferry routes across the world.”
Capesize bulk carrier BENITAMOU and general cargo ship BC VANESSA collided in Marmara sea halfway between Sarkoy, Tekirdag, and Gelibolu, Canakkale, at 0310 UTC Oct 24, both ships proceeding to Dardanelles, in full load, in dense fog. BC VANESSA struck BENITAMOU portside in midshipsection area, inflicting heavy damages to both ships. BENITAMOU hull suffered a huge breach, with ensuing water ingress. BC VANESSA bow and forecastle are heavily damaged. BC VANESSA moved to Sevketiye anchorage and was anchored, understood she’s in no immediate danger. Situation with BENITAMOU is probably, much more serious – the ship is either dead in the water or anchored south of collision site, with at least two tugs and salvage vessel around. BENITAMOU with cargo of iron ore was en route from Yuzhny Ukraine to China, BC VANESSA was en route from Varna Bulgaria to Tunis, cargo unknown.
Indian Navy destroyer INS RANVIJAY suffered fire on board at night Oct 23 at Visakhapatnam Naval Base, eastern India, Bay of Bengal. Flooding was also reported, fire understood to be either extinguished or put under control, as of morning Oct 24. Four crew suffered burns and were hospitalized. Situation, status of destroyer, yet unclear.
Indian Navy Rajput-class destroyer INS RANVIJAY, displacement 4974, built 1988 (Soviet shipyard), armament missiles, guns, anti submarine mortars/torpedoes, helicopter.
New FleetMon Vessel Safety Risk Reports Available: https://www.fleetmon.com/services/vessel-risk-rating/
The ship was attacked at around 0900 UTC Oct 25 in Gulf of Guinea, according to ships tracks in the area, container ship MSC LUCIA is most likely the target. MSC LUCIA is en route from Lome Togo to Douala Cameroon, ETA Oct 27. She was probably, waiting to fit in schedule, either drifting or moving in loops. AIS is on, as of 0945 UTC she was adrift. Ship’s ID not confirmed, it’s not known also, if attackers boarded the ship, awaiting updates.
One of the world’s largest producers of methanol, Proman has joined hands with shipping company Stena to develop retrofitting and supply solutions for the existing vessels to help them adapt to methanol as their fuel source. Citing data the companies said that currently there are 70,000 vessels around the world and by 2050 the unchecked emissions from these vessels could increase by as much as 130% from 2008 levels. To secure the future of the industry it will be necessary to switch to low-carbon fuels however the current technologies and added expenses make this energy transition a challenge for ship-owners.
It has been noted that often the cost of conversion outweighs the benefits. In a recent example, Hapag-Lloyd had converted its containership BRUSSELS EXPRESS, making it LNG-ready, however the CEO of the company later said that the cost of conversion offshoot the budget, which has made the future conversions uneconomical.
A container fire that broke out on Saturday on a cargo ship carrying mining chemicals off British Columbia is smoldering and appears to be under control, Canadian Coast Guard officials said on Sunday.
Sixteen crew members were evacuated from the MV Zim Kingston on Saturday, while five remained onboard to fight the fire.
The ship is anchored several kilometers off the southern coast of Vancouver Island. Residents of the island are not in danger, officials said, and transit of commercial vessels to the ports of Vancouver and Seattle ports is unimpeded.
Canadian Coast Guard Commander JJ Brickett said the company has indicated that the fire has burned itself out. Tug boats had sprayed water around the area of the fire to keep it from spreading, and a helicopter flyover on Sunday gathered evidence that this has worked.
Oct 25 0210 UTC UPDATE: According to latest available updates, fire is mainly out, and what’s left, is smoldering. So it may be assumed, that the risk of major, devastation fire, is diverted. Disposition of the ships on site remains the same, ZIM KINGSTON AIS on. Here are latest:
The Canadian Coast Guard on Sunday afternoon said a fire burning on board a cargo ship anchored off the coast of Vancouver Island, near Victoria, B.C., had been largely extinguished.
Dozen of containers, several of which contained hazardous chemicals used in mining, caught fire.
“What they were attempting to do, is let the fire burn down,” said JJ Brickett, the federal incident commander for the Coast Guard. “In other words, (let) the container consume itself with the fuel, while keeping everything around it cool,” Brickett added.
In a statement, the company that manages the ZIM KINGSTON, Danaos Shipping Co., which is based in Greece, said the fire appeared “to have been contained.”
Canadian Coast Guard @CoastGuardCAN 2h (0200 UTC Oct 25
The fire on the #ZimKingston has been stabilized. Depending on weather tomorrow, hazardous materials firefighters will board the ship to fight any remaining fires and ensure the fire is out.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Cookie settingsACCEPT
Privacy & Cookies Policy
Privacy Overview
This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
