Dry Bulk Shipping Gets a Boost from US Coal -BIMCO
U.S. seaborne coal exports have turned years of negative growth around and seem to be climbing for a third quarter in a row. The increase in total volume is predominantly driven by a growing demand from European importers. East Asian buyers have also ramped up their import of U.S. coal, which is beneficial for the dry bulk shipping industry as it generates a substantial amount of ton-miles, relative to other destinations. BIMCO reported back in December 2016, that the ton-miles from U.S.
US Coast Guard Evaluating 3-D Printing
For the average person, tracking down a spare part is often merely an annoyance. But for the crew of a Coast Guard cutter, the availability of spare parts can be important to mission completion or greatly affect their work environment. The Coast Guard Research and Development Center in New London, Conn., is currently studying how the use of 3-D printing technology might improve mission readiness through logistical support.
ZEABORN Buys Five Heavy-lift Cargo Ships
On July 31, 2017, the ZEABORN Group signed the contracts for the purchase of five 30,000dwt Superflex Heavy Lift vessels, all of which are sister ships of the previously acquired Rickmers Hamburg, and are employed in the Rickmers-Line liner service acquired by ZEABORN in April. The parties involved have agreed not to disclose the purchase price. While the title to the vessels will pass to ZEABORN by the end of September…
Brom Named CEO at Alphatron Marine
Bart Brom will take over as the next CEO of Alphatron Marine Group in Rotterdam, succeeding the company’s co-founder Luuk Vroombout at the start of 2018. After completing his studies in electrical engineering, Brom served in various management and executive positions at maritime electrical engineering companies such as Alewijnse, Bakker Sliedrecht and most recently Eekels Technology, where he is currently director and business unit manager for marine and offshore in Kolham.
New Floating Dock Heads to Klaipeda
The world's largest heavy transport vessel Dockwise Vanguard is transporting a new floating dock from Montenegro to Lithuania. The floating dock was acquired in June 2016 and began its journey to Klaipeda, where it will be installed at the Western Shipyard owned by BLRT Grupp. In the beginning of August the 11,000 ton floating dock was loaded onto the Dockwise Vanguard, world's only vessel with a deadweight of 110,000 tons for carrying heavy loads and floating oil and gas platforms.
US to Haul Stricken Destroyer from Japan to US for Repairs
The U.S. Navy on Tuesday said it will haul the guided missile destroyer severely damaged in a collision with a freighter in Japanese waters back to the United States for repairs as soon as September. The collision killed seven sailors aboard the USS Fitzgerald and ripped a hole below the vessels waterline. Naval engineers in Japan have patched up the destroyer but extensive damage that nearly sank the warship means it is unable to sail under its own steam.
Philippines says China Wanted Non-legally Binding South China Sea Code
China pushed for a maritime code of conduct with Southeast Asian countries that would not be legally binding, the Philippine foreign minister said on Tuesday. Alan…
Saudi Aramco Awards First Contract for Planned Shipyard Complex
Saudi Aramco said it has awarded the first major contract in the planned construction of a $5.2 billion shipyard complex designed to reduce Saudi Arabia's dependence on oil exports.
Italy, Malta Turn Away Migrant Rescue Boat
A Spanish aid group operating in the Mediterranean said on Tuesday one of its boats had been barred by Italy and Malta from disembarking migrants rescued two days ago.
Baltic Index Hits Over Three-month High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest level in more than three months on Tuesday, supported by firmer rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 2 points, or 0.19 percent, to 1,038 points, touching its highest since early May. The capesize index gained 4 points, or 0.24 percent, at 1,659 points.
Orient Overseas Back to Black
Orient Overseas (International) Limited (OOIL) and its subsidiaries have announced a profit attributable to equity holders of US$53.6 million for the six-month period ended 30th June 2017…
NAT Says Tanker Market is Volatile
Nordic American Tankers Limited (NAT) claims to enjoy the advantages of a homogeneous Suezmax fleet. Operationally, strategically and financially, NAT and its worldwide…
Eagle Bulk Reports 2Q Loss
Connecticut-based Eagle Bulk Shipping has reported a loss of $5.9 million in its second quarter ended June 30, 2017. However, the net revenue of $53.6 million has…
Navios Maritime Completes Acquisition of 14 Container Vessels
The Marshall Islands-based shipping company Navios Maritime Containers has closed the acquisition of the remaining four container vessels and as a result has completed…
From GloBallast to GloFouling Partnerships
Global Environment Facility (GEF) approves new project concept to address major aquatic invasive species vector. A new global project to help protect marine ecosystems…
Chemical Shipping Faces Oversupply: Drewry
The shipping fleet trading in chemical and vegoil markets is expected to accelerate at a much faster pace than demand, weakening earning prospects, according to…
Kamji Marine joins Green Award Scheme
Green Award Foundation has announced that their network of incentive providers has extended to China. Kamji Marine Agency Ltd entered the Green Award scheme. Kamji…
HMS Queen Elizabeth Set to Sail Home
The U.K. Royal Navy’s new 65,000-metric-ton aircraft carrier, HMS Queen Elizabeth, the largest warship ever to be built in Britain, has been undergoing sea trials since setting sail from Scotland's Rosyth dockyard in June, and is now set to enter her new home in Portsmouth in around two weeks. The warship will be the latest in a long line of famous Royal Navy ships to call Portsmouth home, though the exact date of the historic moment is to be determined depending on weather conditions.
Intermarine’s Grikitis to Receive AOTOS Award
Project, breakbulk and heavylift cargo transport company Intermarine, LLC announced that its President & CEO, Andre Grikitis, will be awarded with the Admiral of the Ocean Sea by the United Seaman’s Service (USS) at the organization’s 48th annual gala at the Sheraton New York Times Square Hotel, New York City, on October 13, 2017. The Admiral of The Ocean Sea Award (AOTOS) has been presented annually by United Seamen's Service for the past 47 years.
New Player Enters the Decommissioning Market
A new entrant to North Sea decommissioning, Well-Safe Solutions was established by a group of oil industry stalwarts Alasdair Locke, Mark Patterson and Paul Warwick, setting out to provide a new approach to the safe and cost-efficient decommissioning of subsea wells. The new start company, which aims to attract £200 million ($260 million) in investment and create 400 new jobs, will offer a specialist well abandonment service.
