MV WERFTEN Delivers Its First Newbuild
Shipbuilder MV WERFTEN has completed its first newbuild project, having today delivered Crystal Bach, the first of four new Rhine Class luxury river cruise vessels for Crystal River Cruises. Designed specifically for river cruising in Europe, the 135-meter-long and 11.4-meter-wide Crystal Bach will sail along the Rhine, Danube and Main Rivers through the Netherlands, Belgium, Germany and Switzerland…
New Eco-friendly Expedition Cruise Ship in the Works
Rolls-Royce said it has signed a deal with WestSea Yard, part of Martifer Group, to equip an expeditionary oceanic cruise ship for Portuguese based cruise company Mystic Cruises. The vessel, to be called the MS World Explorer, will be the company’s first expeditionary oceanic cruise ship. The MS World Explorer will offer expeditionary cruise itineraries in Antarctica from November to March and this new vessel’s inaugural Antarctic season is already fully chartered to…
Fishing Vessel Owner Jailed for Crew Fatalities
The owner of a fishing vessel has been sentenced to 15 months in prison after pleading guilty to two charges brought by the Maritime & Coastguard Agency (MCA) for the unsafe operation of a fishing vessel and failing to ensure that the gas cooker was properly maintained. Timothy Bowman-Davies from Milford Haven was sentenced to 15 months imprisonment at Leeds Crown Court on August 2, after two crew members on board his fishing vessel Eshcol died from carbon monoxide poisoning in 2014.
TORM Buys Two MR Tankers
Danish ship owner TORM said it has signed an agreement to purchase two 50,000 dwt medium range (MR) tankers currently under construction at the Korean shipyard Hyundai Mipo. “TORM’s strong capital structure allows us to act when we see attractive opportunities to grow the fleet,” said TORM executive director, Jacob Meldgaard. “With these two MR resales delivering in Q3 2017, we have acquired a total of six new high-quality product tankers over the last few weeks.
Flurry of Vessels Booked After Dutch Refinery Outage
At least 10 tankers booked from Mideast to Europe; freight rate for clean tankers up 11 percent from Monday. Oil traders are rushing to secure vessels to ship refined…
NYK to Pay $20 Mln for Cartel Conviction
Australia has fined and convicted Japanese shipping firm Nippon Yusen Kabushiki Kaisha (NYK) for operating as a cartel in relation to the transport of vehicles into the country…
New CEO Takes the Helm at Intermarine
Project, breakbulk and heavylift cargo transporter Intermarine, LLC said its president and CEO, Al Stanley, has stepped down to pursue other opportunities. Stanley was succeeded by Andre Grikitis, who assumed the role of President & CEO of Intermarine, LLC and Industrial Maritime Carriers, LLC and is responsible for the international flag services. Additionally, Will Terrill has assumed the role of president and CEO of US Ocean, LLC and is responsible for the company’s U.S. Flag services.
Baltic Index Higher on Panamax, Capesize Support
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Thursday, boosted by higher rates for the larger capesize and panamax vessels.
China "coordinating with U.S." in S.China Sea SAR Ops
China said on Thursday that it was coordinating with the U.S. navy in the search for a missing U.S. sailor in the South China Sea, a rare show of goodwill between the navies in the disputed waters.
Markets Under Pressure: FSL Trust Reports a $24.1M Charge
Citing declining vessel values and "volatile industry conditions," FSL Trust Management Pte. Ltd., as trustee-manager of First Ship Lease Trust, announced the Trust…
Pacific Basin Acquires Five Bulkers
Pacific Basin Shipping Limited has announced its conditional agreement to acquire five dry bulk vessels for a total consideration of US$104.6 million. The consideration will take the form of 216…
Fugro Bags Surveying Contract
Dutch geo-consultancy Fugro’s integrated capabilities clinch further work for Sirius at the world’s largest high grade polyhalite deposit. The award of two major…
Jakarta Terminal Begins One Week Strike Today
Trade unions in Jakarta International Container Terminal (SPJICT) will be striking from 3 until 10 August over what they claim as "ruthless attacks to workers’ rights".
Fuel Removal from Grounded Kea Trader in Progress
Three weeks after the grounding of Kea Trader on a reef off New Caledonia, the removal of heavy fuel oil from the 2017-built containership is now underway and could be completed next week.
Dunkirk, Dunkerque Port Sign LNG Pact
Dunkirk's LNG Terminal and Dunkerque-Port signed an agreement for the development of an liquefied natural gas (LNG) station to supply tank trucks. The use of LNG…
Ardmore Shipping Reports Loss in Q2
Ardmore Shipping Corporation reported a net loss of $1.9 million for the three months ended June 30, 2017 as compared to a net income of $5.5 million for the three months ended June 30, 2016.
Qatar Navigation Profit Falls in Q2 and H1
Qatar Navigation (Milaha) reported an 85 percent fall in second-quarter net profit, reports Reuters. Second-quarter net profit stood at 30.8 million riyals ($8.5…
IMO in Polar Environment
Following the launch of International Maritime Organization (IMO)’s film on the IMO Polar Code, a new video (watch video here) focused on search and rescued in polar regions is being published.
Northern Lights Taps Purdy as Vice President/General Manager
Manufacturer of marine power generation and climate control products Northern Lights, Inc. has promoted Kit Purdy to Vice President/General Manager. In his new role Purdy will oversee operations including engineering and quality assurance, research and development, sales/marketing and production.
Lake Charles Pilots Orders Fourth Gladding-Hearn Vessel
Louisiana-based Lake Charles Pilots has ordered a fourth pilot boat from Massachusetts-based shipbuilder Gladding-Hearn. The new all-aluminum vessel, due for delivery in 2018…
