South African businessman Sarel Gous is expected to visit Belfast next week to discuss plans to build a replica of the Titanic and launch it as a commercial cruise liner. Gous reportedly paid Harland & Wolff, the builders of the original Titanic, to do a feasibility study and is traveling to Belfast to meet city council members and discuss his plans. In 1998 Gous secured the original plans of the Titanic, which was owned by the White Star shipping line.
Surging Suezmax tanker rates are set to soar if Iraqi exports come back on stream next week, shipping brokers contend. Rates for the one million barrel tankers have lifted to around 100 Worldscale points on fixtures from West Africa and the North Sea to the U.S., and on cross Mediterranean and North Sea routes, brokers said.
Mississippi River barge traffic near Burlington, Iowa, remained backed up on Thursday after lock 18 in Gulfport, Illinois, reopened Wednesday afternoon after a day-long shutdown, river officials said. Lock 18 was closed Tuesday morning when a breakaway barge caused two loaded barges to sink near the lock and left six other barges adrift at the dam. "We've got two barges still floating in the dam and two sunk, with the salvage unit on the way to clear it out
According to the Chicago Sun Times, pending regulatory approvals, the grand opening of the new $170 million gambling vessel at the Blue Chip Casino & Hotel in Michigan City, Ind., will be celebrated next week. It will mark the culmination of a two-year on-site construction project. The new boat will feature a 65,000-sq. ft. casino on one level and is reported to have the largest hull of any casino boat in the nation.
Asian Panamax freight rates for dry bulk cargo in the Pacific market edged higher this week on the back of pre-Lunar New Year holiday grain purchases and persistent coal shipments, shipping agents said. But brokers said they expected freight rates to show signs of weakness next week as several Asian countries would be on holiday. "Chartering activity will slow down next week as many countries in the Asian region close for the Chinese New Year," said one domestic broker
Next week at the IMO in London a Diplomatic Conference will be held to finalize the details of the Convention on the Control of Harmful Anti-fouling Systems. In particular the phasing out of tin based (TBT) anti-fouling systems will be finalized with a system put in place to assess future anti-fouling systems. INTERTANKO, together with the other main industry representatives ICS, Intercargo, SIGTTO, OCIMF and Bimco have submitted a paper to the Conference focusing on those issues which
North Sea crude markets held steady mid last week, as a combination of high freight rates and absences at industry functions subdued trade. Dated Brent was assessed near last deal done at April Brent +95 cts, with Brent CFD swaps for this week also in that area. Next weeks CFDs are seen around April Brent +90 cts. Institute of Petroleum week in London is keeping trade to a minimum, as are high freight rates caused by an exodus of older vessels out of Europe in the wake of the Erika spillage
The Valdez crude export terminal has seen a modest decline in the number of crude tankers in recent weeks, as oil companies reduce shipments in light of the problems in Prudhoe Bay oil production, the Valdez terminal manager said Thursday. The Valdez terminal, the crude export facility at the end of the 800-mile Trans-Alaska Pipeline System, will receive four tankers this week and about the same number next week. That's a drop-off from last week's level and from typical traffic levels
U.S. oil prices resumed their upward climb on Monday, egged on by word from OPEC that the cartel had a consensus to slash output output by next week, Reuters reported By early afternoon, crude oil for February delivery on the New York Mercantile Exchange was trading at $28.30 a barrel, a 35-cent rise, taking total gains in the last six trading sessions to $2.50 a barrel, or ten percent. A statement by OPEC Secretary-General Ali Rodriguez on Sunday spurred the day's advance.
Crowley Maritime Corporation, working under contract with the U.S. Transportation Command (USTRANSCOM), successfully discharged 12 20-foot containers of relief supplies across a beach in Port-au-Prince, Haiti on Jan. 22 in an experimental lightering operation. The success of this operation, which involved lifting the containers from a Crowley container ship anchored in the harbor to a smaller, shallow-draft landing vessel for transport and discharge over the beach
The AX-S system, a world first in light well intervention, will be the topic of discussion at a major oil and gas industry event in Aberdeen next week. Following over £120 million of investment and eight years of research and development
HMAS Tobruk has completed its mission in the Philippines and is returning to Australia with a load of Army engineer machinery, vehicles and 35 Army personnel. A small Recovery Support Force of 65 combat engineers, tradesmen and support personnel
The future ‘USS Jackson’ launched from the Austal USA shipyard in Mobile, marks an important production milestone for the littoral combat ship (LCS) program. Jackson (LCS 6) joins the future USS Milwaukee (LCS 5), which will launch from the Marinette Marine Corp
The future USS Jackson (LCS 6) launched from the Austal USA shipyard in Mobile, Ala., Dec. 14, marking a production milestone for the littoral combat ship program. Jackson joins the future USS Milwaukee (LCS 5), which will launch from the Marinette Marine Corp. yard in Wisconsin next week.
GulfMark Offshore, Inc. (NYSE:GLF) announce its results of operations for the three- and six-month periods ended June 30, 2013. For the second quarter ended June 30, 2013, revenue was $111.3 million, and net income was $9.9 million, or $0.38 per diluted share
London’s crucial central role in the global shipping industry was highlighted when members of the international maritime community and representatives of the U.K. Government gathered to officially launch the first ever London International Shipping Week (LISW) last night.
The local labour union VERDI has given official notice of a strike at Kiel-Canal Locks (Brunsbuettel) 7, August through to Sunday 11, August, 2013. Maritime traffic will experience heavy delays/restrictions during this period. The Kiel Canal, one of the busiest waterways in the world
Drewry’s latest annual report on global and international container terminal operators shows that the sector remains dynamic and profitable, but that numerous changes are also taking place. All terminal operators face the challenge of growth on two fronts – growth in container demand
Family and friends joined dignitaries on the wharf at Garden Island, Sydney today to wave goodbye to 'HMAS Melbourne', as she departed for a tour of duty to the Middle East Area of Operations. Commander Australian Fleet, Rear Admiral Tim Barrett, AM
McDonough Marine Service announced the launching of another new barge MARMAC 304 (300’ x 100’ x 20’), the third in a series of new ABS ocean classed deck barges commissioned by the barge and tug company. The barge was built for McDonough Marine Service by Signal
Those planning to attend the many activities associated with the International Fleet Review will have an easier time keeping track of what’s on offer with mobile phone application being launched next week by the Royal Australian Navy.
The salvage operation (known as the 'parbuckling project') to upright the wreck of the partially sunken 'Costa Concordia' has been given provisional approval by the Italian government's Civil Protection Department and is expected ot take place at a convenient date in September.
The second annual SHIPPINGInsight Fleet Optimization Conference convenes next week, and there’s still time to register online. The conference will take place at the Sheraton Stamford Hotel in Stamford, Conn., Oct. 22-24, and will address solutions and best practices for reducing costs and
Asian growth and-global recovery are the topics for discussion at the International Bunker Industry Association (IBIA) gathering in Hong Kong next week (5-7 November 2013). But the underlying topic of debate at the conference will be “is the customer getting what he pays for”.
Prosecuting authorities in Russia were under fire today after it was revealed that they have failed to lift charges of piracy against the Arctic 30, despite pledging to do so. Russia’s powerful Investigative Committee announced last week that the piracy charges – which carry a 15-year