Great Lakes Shipping Hampered by Insufficiencies
Too few icebreakers and lack of a second Poe-sized lock threaten shipping on the Great Lakes and St. Insufficient U.S. and Canadian icebreakers and reliance on a single Poe-sized lock to connect Lake Superior to the Lower Lakes and Seaway threaten the future of shipping on America’s Fourth Sea Coast warns Great Lakes Maritime Task Force (GLMTF) in its 2015 Annual Report released today. “Another near arctic winter significantly impacted navigation…
AgTC Members Speak Out on SOLAS Amendment
Tomorrow, five prominent members of the Agriculture Transportation Coalition (AgTC) will explain the major detrimental impact that the Safety of Life at Sea (SOLAS)…
Fishing Vessel Repurposed Following Conversion
A 170-foot long, 40-foot wide fishing vessel, now named Defender, recently underwent a significant conversion to become the first fish pumping vessel in the Global Seas and Patti Marine Enterprises Inc fleet. Selected to provide engineering services including structural and mechanical work for the conversion was Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company.
Diana Containerships Sells Panamax Ship for Scrap
Shipping company Diana Containerships Inc. has, through a separate wholly-owned subsidiary, signed a Memorandum of Agreement to sell to an unaffiliated third party the 1993-built vessel Hanjin Malta for demolition, with delivery due to the buyer by the end of March 2016, for a sale price of approximately $5.04 million before commissions. Upon completion of the aforementioned sale, Diana Containerships Inc.’s fleet will consist of 13 container vessels…
Record Year for US East Coast Container Imports
Ports on the U.S.’ eastern coast had a very busy 2015 in terms of container traffic, with 7.9 million TEU of loaded containers entering the U.S. East Coast in 2015, a 12.6 percent increase compared to 7 million in 2014, BIMCO reports. While the U.S. East Coast ports experienced a surge in incoming traffic, labor issues and port congestion gloomed over the U.S. West Coast. The start of 2015 was dominated…
Norbulk Implements Cloud Technology Solutions
Ship management company Norbulk Shipping is already seeing the benefits from embracing the move toward paperless ships. The Glasgow-based ship manager explored several…
Baltic Sea Freight Index Up
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for the fourth consecutive session on Wednesday, on gains across most vessel segments.
Maritime Spy Kit Installed on New Bombardier Planes
Sweden's Saab said on Wednesday it plans to put its Swordfish maritime patrol system on two new aerial platforms as demand rises for ways to tackle maritime threats…
DNV GL, VPS Launch Fuel Analytics Tool
Veritas Petroleum Services (VPS) and DNV GL have launched a new Fuel Analytics solution. As part of DNV GL’s ECO Insight fleet performance management portal, the tool will enable a systematic assessment of the impact of fuel quality on vessel performance. The Fuel Analytics solution is the result of an ongoing close cooperation between VPS and DNV GL. “We have been the largest fuel testing services provider since our inception in 1981,” said Gerard Rohaan, CEO of VPS.
China Deploys Missiles on South China Sea Island
Satellite images show new missiles on Woody Island; China says entitled to necessary self defence facilities. China has deployed an advanced surface-to-air missile…
Maersk Consolidates in South America to Cut Costs
Maersk Line, the world's largest container ship operator, said on Wednesday it was consolidating operations in Brazil, Paraguay, Argentina and Uruguay to cut costs amid falling freight rates.
Gasoline Traders Begin Using Floating Storage
At least two tankers booked in recent days; Gasoline stocks at record high in Europe, U.S. Traders have begun storing gasoline on tankers off the coast of Europe…
Greece Names Cosco Preferred Piraeus Port Bid
Greece named China's Cosco as the preferred investor for the acquisition of a 67-percent stake in the country's biggest port, Piraeus , its privatisation agency (HRADF) said on Wednesday.
Norstar to Launch JV
The tanker company Norstar is setting up a new Commercial Management joint venture based in Westport Connecticut USA named Norstar Chartering (USA) LLC. The new…
MacGregor Pusnes Loading Systems for Cosco Shipyard
By combining well-proven MacGregor Pusnes technology in bow loading and offloading systems, MacGregor, part of Cargotec, has helped to develop a solution that enables…
Danaos' Performance Better
Danaos Corporation one of the world's largest independent owners of containerships, today reported unaudited results for the fourth quarter and the year ended December 31, 2015.
Update on Hiab's iLoad Project
Hiab, part of Cargotec, reports on the results of the iLoad project, which received EUR1.4 million funding from the EU's Industrial and Academy Partnerships. The…
Wärtsilä Designs Deepwater DSV for China
Wärtsilä has signed a contract with Shanghai Bestway Marine Engineering Design Co Ltd to design a new type of deepwater dive support vessel (DSV). The ship is to…
15 Carriers Agree to EU's GRI Modifications
15 container liner shipping companies have said they will stop publishing and communicating general rate increases (GRIs) that are expressed solely as an amount or percentage of the change…
Megaship Benjamin Franklin to Call at Seattle and Long Beach
In a history-making run, the largest container ship CMA CGM Benjamin Franklin will arrive in Seattle Monday, Feb. 29 after visits in Long Beach and Oakland, California.
