Team Tankers Acquires New Vessels
Team Tankers International (TTI) completed the acquisition of the ‘Sichem Amethyst’ and ‘Sichem Contester’, previously on timecharter in the Q4 2015. In addition…
Shipowner’s Loss of Earnings and Collision Claim
Awareness of the ways of calculating loss of earnings claims can be useful in both presenting and challenging this type of claim. This Gard Insight looks at some…
IEA Paints Lukewarm Outlook for Crude Oil Tankers
Every year around this time, the International Energy Agency (IEA) publishes their Medium Term Oil Market Report. The report includes the customary oil supply and…
CMA CGM to Upgrade its PEX 3 Service
CMA CGM introduced its new PEX 3 service rotation linking US Gulf Coast and US East Coast (South Atlantic) to Asia, Africa and Mediterranean. Effective March 9th…
2015 a Record Year for the Port of Barcelona
The Port of Barcelona ended 2015 with positive results in its key traffic indicators, with record figures in foreign trade and certain strategic cargo segments such…
Chinese Shipyard DSIC Acquires FORAN
The SENER engineering and technology Group has signed a contract with the Chinese shipyard Dalian Shipbuilding Industry Co. Ltd. (DSIC) for the implementation of the shipbuilding CAD/CAM System FORAN…
Hamburg Gives Cruise Ships Easier Access
The Nautical Terminal Coordination (NTC) has expanded its portfolio to include cruise ships, now providing support for Costa and AIDA vessels when they call at the Port of Hamburg. When it arrives in Hamburg for the first time on February 27, 2016, AIDAmar will be the first cruise ship to call in Hamburg under the supervision of NTC, working in cooperation with Carnival Maritime’s fleet operations center. The cruise ship business is booming in Hamburg, with 160 visits expected in 2016.
RV Sally Ride Completes Builder's Trials
The U.S. Navy's new Auxiliary General Purpose Oceanographic Research Vessel (AGOR), R/V Sally Ride (AGOR 28), has completed builder's trials, February 21, off the coast of Anacortes, Wash. Builder's trials for Sally Ride tested various shipboard systems and ensured readiness prior to conducting acceptance trials with the U.S. Navy's Board of Inspection and Survey. The propulsion system, mission-over-the-side handling equipment…
Global LNG Prices Lose Ground on Weak Demand
Asian spot liquefied natural gas (LNG) prices extended losses for a third week, as weak demand gave little support, with more supply beginning to flow from the United States and Australia.
US Coast Guard Wraps up First Phase of El Faro Disaster Probe
The U.S. investigation into the deadly sinking of the El Faro cargo ship during a hurricane last fall shifted direction on Friday, as the Coast Guard wrapped up its initial public hearings on the accident that killed all 33 people onboard. The agency will now wait to see if key evidence can be recovered from the shipwreck. In April, searchers will make a second attempt at finding a voyage data recorder that could provide detail on the ship's sinking off the Bahamas.
US Oil Drillers Cut Rigs for 10th Straight Week
U.S. energy firms this week cut oil rigs for an 10th week in a row to the lowest levels since December 2009, data showed on Friday, as some producers focus more…
US to Award $800 Mln in Transport Grants
The U.S. Department of Transportation (USDOT) is now soliciting applications for the Fostering Advancements in Shipping and Transportation for the Long-term Achievement of National Efficiencies (FASTLANE) grant program. The FASTLANE program is a new program in the Fixing America’s Surface Transportation (FAST) Act to fund critical freight and highway projects across the country. The FAST Act authorizes $800 million in funding for the FASTLANE program for fiscal year 2016…
Bulk Carrier Runs Aground in the Suez Canal
A capsize bulk carrier ship has run aground in the Suez Canal at 69 kilometers at about 10:30 a.m. local time February 25, and is still grounded on same position…
First Ship Crosses New East Port Said Side Channel
Shipping group CMA CGM announced that its containership CMA CGM Racine was the first vessel to cross the New East Port Said side Channel, during the Opening ceremony held on February 24. Chérif Ismaïl, Egyptian Prime Minister, Saad El-Giuchy, Egyptian Minister of Transport, and Admiral Mohab Mamish, Chairman of the Suez Canal Authority were present for the occasion. Thanks to this new side channel, vessels will have a 24-hour access to East Port Said instead of current 8-hour access.
First Wind Turbine Installed at Gemini Offshore Wind Park
The first wind turbine has been installed at the Gemini offshore wind park, off the coast of the Netherlands. The wind park will be completed in 2017, and will supply 785,000 households with renewable energy. The SOV, Yno 309, currently under construction at Ulstein Verft, will be servicing this park. On February 16, 2016, the first wind turbine was installed by Van Oord at the Gemini Offshore Wind Park, and it will soon begin producing electricity.
EU-US Trade Deal on Course for This Year
EU and U.S. negotiators seeking a transatlantic free trade agreement expressed cautious optimism on Friday that they could resolve most issues by July, which could…
Icebreakers Go to Work on St. Clair River
Icebreaking vessels from the U.S. and Canadian Coast Guards are scheduled to break ice in the North Channel of the St. Clair River, Friday. Canadian Coast Guard ship Samuel Risley will break ice in the river near Algonac, Mich., and Harsens Island. Due to concentrated ice buildup, the water levels in the area rose between 15 and 20 inches overnight prompting the Clay Township Emergency Operation Center and Champion’s Auto Ferry to request Coast Guard assistance.
Mexico Sets Its First Deepwater Gulf Oil Auction
Contract awards for Mexico's first-ever deepwater oil auction covering 10 potentially lucrative blocks are expected to take place on December 5, oil regulator CNH said on Friday…
Piggybacking Across the Atlantic
In addition to standard containers, Hapag-Lloyd also transports special cargo that cannot be containerized. Among others, ships and yachts "piggyback" on board container ships. Each year, Hapag-Lloyd’s fleet transports several million containers over the world’s seas. But, on top of that, the vessels also take on board special cargo that doesn’t fit inside standardized steel boxes. Among the most spectacular of these objects are other ships and yachts that “piggyback…
Coast Guard to Be Honored in New Orleans
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of Coast Guard members and their families, announced today the details…
