Great Lakes Iron Ore Trade Up 7% in July
Shipments of iron ore on the Great Lakes totaled 6.46 million tons in July, an increase of 7 percent compared to a year ago, according to the Lake Carriers’ Association. Shipments were also 11 percent ahead of the month’s five-year average.Year-to-date the iron ore trade stands at 26.6 million tons, a decrease of 3.2 percent compared to the same point in 2017. However, iron shipments are 5.6 percent ahead of their five-year average for the seven months of the year.
Viega Earns ABS Type Approvals
Viega, manufacturer of mechanically attached pipe fittings (MAFs) for the maritime industry, recently obtained a type approval from the American Bureau of Shipping (ABS) and an acceptance letter from the U.S. Coast Guard (USCG) for its Viega MegaPress Stainless and MegaPress CuNi piping systems. These join Viega’s previously approved MegaPress and MegaPressG systems for use with carbon steel and galvanized pipe…
Aerial Drones Perform Tanker Survey
Unmanned aerial vehicle (UAV) survey and inspection firm Cyberhawk has completed the first full ABS Intermediate Hull Survey 4 on an oil tanker using UAVs.Cyberhawk performed full class inspection across 19 tanks on board an oil tanker while at a shipyard in Singapore. This included 12 Cargo Oil Tanks (COT), two slop tanks and five ballast tanks. Attending was the American Bureau for Shipping (ABS)…
SeaKing Electrical Wins Windermere Ferry Repair Deal
Birkenhead, Merseyside based maritime engineering company SeaKing Electrical has won a tender from Cumbria County Council to repair the electrics on the council-owned car ferry the Mallard following a fire earlier this year.The ferry’s engine room caught fire in March following a hydraulic leak causing an evacuation of 80 people from the vessel while it was operating on Lake Windermere in England’s Lake District.
Baltic Index Remains Flat on Monday
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, remained flat on Monday as demand for capesize vessels was offset by weaker demand for panamax vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was flat at 1,773 points.* The capesize index gained 22 points, or 0.6 percent, to 3,654 points.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such a
Low Water Hinders River Shipping in Germany
Water levels on the Rhine and Danube in Germany remain low as a drought and heatwave continues and freight vessels cannot sail fully loaded on the rivers, traders said on Monday.The Rhine is too shallow for normal sailings from Duisburg to southern Germany, traders said. All of the German section of the Danube is too shallow for full loads, they said.“Vessels are still sailing but are sometimes operating less than half full,” one vessel broker said.
Stanford Marine in Talks About Sale of Business
Creditors of Stanford Marine Group (SMG), which has links to troubled private equity firm Abraaj, are in talks with three potential buyers, sources familiar with…
UASC Sues World Fuel Services
Dubai-based shipowner United Arab Shipping Company (UASC) has filed suit against Miami-based marine fuels provider World Fuels Services (WFS) seeking relief from…
Prosafe Signs Pact with Cosco
Norwegian contractor Prosafe and COSCO Shipping (Qidong) Offshore Co have come to an agreement on three newbuild offshore accomodation units being built in China."Prosafe…
DP World: Djibouti Not Recognizing ‘International Rule of Law’
DP World, the fourth biggest port operator globally, issued a response saying Djibouti’s refusal to acknowledge a London Court of International Arbitration ruling…
India's Jal Marg Vikas Project on River Ganga on Full Steam
Even as the work on the development of Jal Marg Vikas Project (JMVP) on River Ganga is going on in full steam, a team of Inland Waterways Authority of India (IWAI)…
Petronas Delivers First LNG Cargo to Hokkaido Electric
Malaysian state-owned oilcompany Petroliam Nasional Bhd (Petronas) through its subsidiary, Malaysia LNG (MLNG) delivered its first liquefied natural gas (LNG) cargo…
Bahri Successfully Concludes ‘SAIFI’ Program
Bahri, a global leader in logistics and transportation, has successfully completed the first edition of ‘SAIFI’, a summer training program for undergraduate students in the Kingdom…
One Minato Shines Through Port of Yantian
Ocean Network Express East Asia (ONE EA) has celebrated the maiden voyage of the second of a series of seven 14,000 TEU-class magenta containership of the company…
New CEO Sketches Port of Newcastle Expansion Plans
The new CEO of the Port of Newcastle, Craig Carmody, committed the Port of Newcastle to developing a world-class container terminal to boost jobs and business opportunities…
New DPS Repositioning Function for Boats
Volvo Penta is enhancing its Dynamic Positioning System to include Repositioning functionality, meaning boaters will be able to make minor alterations to their vessel’s…
Subsea 7 Signs on for FutureOn Planning Software
Norway-based digital technology innovator FutureOn announced a multi-license contract for its Field Activity Planner (FieldAP) software with Subsea 7, a leading…
BIMCO ECSA Leadership Meeting in Athens
The BIMCO President, Anastasios Papagiannopoulos and European Community Shipowners’ Associations (ECSA) President, Panos Laskarides met in Athens recently to discuss…
Höegh LNG Secures Debt Financing for 9th FSRU
Norway's floating storage and regasification unit (FSRU) giant Höegh LNG said it has secured a USD 177 million debt financing for its FSRU delivery unit number 9.
Hapag-Lloyd on 2020 Low Sulphur Fuel
LSF2020 refers to the new “Low Sulfur Fuel” regulations, which will come into effect on 1 January 2020.These regulations are the biggest of a series of steps by…
