Scorpio Bulkers Back in the Black
With a net profit of USD 0.8 million, Scorpio Bulkers shows positive results in the second quarter of 2018 compared to a net loss was USD 13.4 million for the the…
IMO on Maritime Security in 21st Century
International Maritime Organization (IMO) Secretary-General Kitack Lim has highlighted the Organization’s work and response to a changing maritime security landscape.Speaking…
SPECIAL REPORT: GREAT LAKES BUSINESS and The Great Lakes Group
Embracing and spanning the full breadth of Great Lakes geography and business mix, GLG’s Joe Starck has his multi-missioned firm looking to the future – in more…
'Treasure Ship' Discovery Claim Raises Eyebrows
A South Korean company’s claims that it has discovered the wreck of a Russian warship containing $130 billion in gold “treasure” off South Korea has been met with scepticism from researchers and regulators in Seoul.Shinil Group, which was established last month, said on Tuesday it had discovered the wreck of the Dmitrii Donskoi, a Russian armored cruiser built in the 1880s and sunk in 1905 after battling…
Asian Cruise Market Growth Continues -Report
Cruise vacations are growing increasingly popular in Asian markets, according to the latest report from trade association Cruise Lines International Association (CLIA).Asian-sourced ocean cruise passenger numbers hit another record high in 2017 with more than 4 million taking an ocean cruise (up 20.6 percent), CLIA’s 2018 Asia Cruise Trends report revealed.Asia accounted for about 15 percent of total…
Lamarre Named CEO at Seaspan Shipyards
Mark Lamarre, who most recently served as CEO of Australian Shipbuilding Company (ASC), has been named CEO of Seaspan Shipyards effective immediately. Lamarre succeeds Brian Carter, who stepped down to pursue other opportunities.Lamarre’s appointment follows recent Seaspan Shipyards additions to the senior leadership team, including Jari Anttila (previously with Philly Shipyard Inc. and Meyer Turku…
Coast Guard Salvages Missouri Boat after Fatal Sinking
The U.S. Coast Guard used a floating crane on Monday to raise the "duck boat" that sank beneath storm-whipped waves in a Missouri lake last week, drowning 17 people in one of the deadliest tourist accidents in the United States in years.Workers in hard hats spent an hour or so helping divers connect slings to the World War Two-style amphibious vessel some 80 feet (24 meters) below the water's surface before raising it and dragging it…
Princess Cruises Orders Two Record-setting Newbuilds
Italian shipbuilder Fincantieri said it has signed a memorandum of agreement (MoA) with Carnival Corporation brand Princess Cruises for the construction of two 175,000-ton cruise ships. The newbuilds, which will be the largest ships built so far in Italy, are slated to be delivered in Monfalcone in late 2023 and in spring 2025.The vessels will accommodate approximately 4,300 guests and will be based on a next-generation platform design…
SMM Plans 3D Printing Exhibition
From propellers and components to entire ships, there is hardly anything additive manufacturing will not be able to make one day. 3D printing technology is still in its infancy, but experts agree that it will forever change the global flow of products; at the same time, however, it may open up entirely new perspectives for shipping. For example, by creating the ability to provide spare parts just in time at any place in the world.
KVH Ships 8,000th Mini-VSAT System
KVH Industries, Inc. announced that it recently shipped its 8,000th mini-VSAT Broadbandsm system. The TracPhone V-series satellite communications antenna systems utilize advanced satellite technology, including the latest high throughput satellites (HTS), to meet the growing demand for more onboard broadband connectivity.“Our newest HTS systems are in high demand throughout the maritime industry, and build on the strength and reputation of our entire product line…
President Kennedy Makes Maiden Call at Yokohama
Container carrier APL, together with the Yokohama Port and Harbor Bureau and Yokohama-Kawasaki International Port Corporation, celebrated the maiden arrival of containership President Kennedy at the Port of Yokohama, on July 21.Deployed for APL’s Eagle Express 1 (EX1) service, President Kennedy is the first of six vessels that were newly-named after former U.S. Presidents to call the Japanese port.
Torqeedo Powers Electric Passenger Vessels
Torqeedo is supplying electric propulsion systems for a fleet of 15 new passenger excursion boats recently delivered to Vinpearl’s newest resort development at Hoi An, Vietnam.The nine-meter FRP displacement craft, built by Song Lo Shipbuilding in Nha Trang, are powered by Torqeedo Deep Blue 80 inboard electric motors with BMW i3 lithium batteries. “We are very happy with the performance of the Deep Blue system for these boats,” said Nguyen Van Thanh, Director of Song Lo Shipbuilding Company.
HMK Scoops Major Naval Comms Order
ATLAS ELEKTRONIK subsidiary Hagenuk Marinekommunikation (HMK) has been commissioned by the “ARGE K130 2nd Batch” consortium to supply integrated communication systems…
Baltic Index Up for Second Session on Firmer Vessel Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday for the second straight session on higher rates for capesize and panamax vessels segments.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, increased 29 points, or 1.7 percent, to 1,718 points.* The capesize index rose 99 points, or 3.1 percent, to 3,304 points.* Average daily earnings for capesizes, which typically transport 170,
Exxon Expects More Oil from Guyana's Offshore Block
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated,…
Damen Takes Over Mangalia Shipyard
To signify its first day of operations at Damen Shipyards Mangalia in Romania, Damen held a ceremony at the yard on Monday, July 23.The celebrations mark Damen’s completion of the transaction with Daewoo Shipbuilding & Marine Engineering (DSME) for the Mangalia shipyard, formerly known as Daewoo Mangalia Heavy Industries (DMHI). The yard, which will be renamed Damen Shipyards Mangalia, will be operated as a joint venture with the Romanian Government.
Wärtsilä Inks 10-year Maintenance Deal with Virgin Voyages
Cruise line Virgin Voyages has assigned Wärtsilä the responsibility of the maintenance of its three brand new cruise ships due to enter service in 2020, 2021 and 2022.The comprehensive 10-year Optimized Maintenance Agreement, signed on April 30, 2018, gives extensive responsibility of maintenance to Wärtsilä, who will ensure that vessels are powered and operated reliably, efficiently and sustainably.Wärtsilä’s…
Cammell Laird Leads Welding Research Project
Merseyside shipyard and engineering services company Cammell Laird has won a ÂŁ1.5 million tender with Innovate UK to develop electron beam welding technology in the shipbuilding, offshore and nuclear sectors.Cammell Laird will act as primary contractor to test the equipment at its Birkenhead site using its team of welders and engineers, together with partners TWI Limited which will provide research, and support in welding codes and standards.
Partners Aim to Disrupt the USV Market
Abu Dhabi based Al Seer Marine has signed a cooperation agreement with Iceland-based company Rafnar to convert Rafnar’s Embla RHIB platform into an unmanned surface vessel (USV).Rafnar began as a research and development company for the ÖK Hull, a hull platform that ensures endurance, comfort and safety for mariners in the harshest of environments by reducing wave slamming impacts. The company new…
Low Water Hinders Rhine, Danube River Shipping
Water levels on the Rhine and Danube rivers in Germany are still low after dry weather and freight vessels cannot sail fully loaded, traders said on Monday.The Rhine is too shallow for normal sailings from Duisburg to south Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said.Shallow water means vessel operators impose surcharges on freight rates,…
