Crowley Awards Scholarships to Four Mass. Maritime Students
Four students from Massachusetts Maritime Academy (MMA) have been awarded Crowley Maritime Corp.’s Thomas B. Crowley Sr. Memorial Scholarships. Chosen based on their academic achievement, financial need and plans to pursue a career in the maritime industry, the four recipients are Patrick Goldsmith, Jack McMurrer, Paige Mentuck and Christina Murphy. Goldsmith, a junior from Huntington, N.Y., is majoring in marine engineering and minoring in international maritime business.
CMA CGM Aims to Cut Costs by $1 Bln
France's CMA CGM, the world's third-largest container shipping firm, reported a first-quarter net loss on Friday and targeted $1 billion in cost cuts to keep operating margins positive during the current market downturn. Weak freight rates in the past year have left many lines operating at a loss. The Marseille-based company is in the process of acquiring Singapore's Neptune Orient Lines (NOL) for $2.4 billion in its biggest-ever deal…
Libya Plans to Load Four Crude Cargoes from Hariga in May
Libya plans to load three additional crude cargoes this month from the recently reopened Marsa El Hariga terminal, after a tanker for trader Glencore departed on Friday.
Baltic Index Falls on Weaker Demand for Larger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Friday on weaker demand for larger vessel segments.
This Day In Naval History - May 20
1815 - Commodore Stephen Decatur sails with his flagship USS Guerriere and a squadron of nine ships for the Mediterranean to suppress piracy. Under strict negotiations, Decatur is able to secure a treaty with the Day of Algiers, His Highness Omar Bashaw, on July 3. 1844 - The frigate Constitution, commanded by John Percival, sails from New York to depart on her 32,279 mile round-the-world cruise. Heading eastward…
New RAmparts 2400W Tug Chincha Launched
A new ASD tug designed by Robert Allan Ltd. was launched on April 26, 2016 in Jiangsu Province, China for its Peruvian owners. Based on Robert Allan Ltd.’s RAmparts 2400W class, the Chincha was built by Jiangsu Wuxi Shipyard and fully customized to meet her owner’s requirements. Chincha is the first of two RAmparts 2400W tugs to be built for the growing Peruvian maritime and port operations company, Trabajos Marítimos S.A. (Tramarsa).
Life Extension for World’s Oldest Icebreaker
A comprehensive dry docking and life extension plan has been set out for the 62-year-old Finnish icebreaker Voima, continuing its run as the world’s oldest operational icebreaker. Commissioned in 1954, Voima is part of Arctia’s icebreaker fleet and has demonstrated its reliability in the Baltic Sea over the decades, serving as model for many four-propeller icebreakers built after it. In accordance with the life extension plan agreed upon by Arctia and Turku Repair Yard…
New Tug Heads for New Zealand
Sanmar Shipyards in Turkey said it is in the process of shipping a Robert Allan Limited designed Rascal Class ASD tugboat to Port Otago Limited (POL) in New Zealand. The new tug, Arihi, named in consultation with the local Rununga (Maori council), measures 18 m long, has a bollard pull of 30 t and was completed in less than five months from date of order. Arihi will be primarily used by POL in assisting in channel dredging, a task that began in 2015.
New Cranes for Port of Gulfport
The MSPA Board of Commissioners along with Gov. Phil Bryant and local officials marked the beginning of a new era today at the Port of Gulfport with the “Blessing of the Cranes” event. The arrival of the cranes was a momentous milestone in the Port’s Restoration Project and the blessing celebrates the progress made on the West Pier and the individuals and organizations who have contributed to its overall success.
Japan Weather Association to Provide ShipDC with Marine Weather Info
The database service operated by ClassNK’s wholly owned subsidiary Ship Data Center (ShipDC) has been set to receive marine weather information from Japan Weather Association. ShipDC acts as a platform for big data related to shipping by securely collecting, storing and providing data to users through its data center. It aims to develop the infrastructure through which data can be centrally controlled…
Asia Tankers-VLCC Rates to Dip Before Fuel Oil Fixtures
Worst over for Aframax market as fuel oil cargoes lift rates. Freight rates for very large crude carriers (VLCCs) could slide further before finding a floor and…
India: Iran Port Contract Likely
India will on Monday sign a commercial contract with Iran to build and run a strategic port on Iran's southern coast, the Indian government said on Friday, to help…
Palm Beach Port Commissioners Stop Funding for ACOE Project
On Thursday, May 19, 2016, the Port of Palm Beach Board of Commissioners agreed to exclude funding for a proposed U.S. Army Corps of Engineers Lake Worth Inlet navigational…
AAPA, USDOT to Commemorate NM Day Jointly
A little-known annual American commemoration is coming up again on May 22 - National Maritime Day. It was declared by Congress in 1933 to call attention to America’s…
Euronav, Bretta Terminate Suezmax Joint Venture
Euronav NV and Bretta Tanker Holdings Inc. have agreed to terminate their joint venture covering four Suezmax vessels: the Captain Michael (2012 - 157,648 dwt), the Maria (2011 - 157…
Incat Crowther Designs Fast Crewboat for CMS
Construction is underway for the second 70m Catamaran crew boat sister ship to the Muslim Magomayev, designed by Incat Crowther. Muslim Magomayev is a first-of-type…
Scandlines' Highest Passenger Transport Record
Scandlines focused the business on the Germany-Denmark routes and made significant investments in future-proofing the group’s ferry operations as well as catering and retail activities in 2015.
DryShips Posts Profit for 1Q
Greece-based DryShips Inc. (DRYS) reported first-quarter of 2016 net income of $55.4 million, after reporting a loss in the same period a year earlier. The company…
Hanjin Shipping Bondholders Okay Debt Freeze
South Korea's largest shipping line Hanjin Shipping said bondholders agreed to extend the maturity of Won35.8bn ($30.1m) in debts by four months to September 23 this year…
Creditors Putting Pressure on Samsung Heavy
The restructuring issue of Samsung Heavy Industries (SHI) will spread to the entire Samsung Group as its main creditor Korea Development Bank(KDB) and the financial…
