Four Carnival Brands to Debut New Ships in 2018
Carnival Corporation & plc will roll out four new ships in 2018 across four of its 10 global brands, as the company will add 18 new cruise liners to its fleet between 2018 and 2022. The new vessels to set sail in 2018 will be for Carnival Cruise Line, Holland America Line, Seabourn and AIDA Cruises, and follow three new ships debuted by Carnival Corporation in 2017. “Our fleet enhancement program enables…
Asian Coal Prices Spike Amidst Shipping Congestion
Over 500 ships waiting to load or unload coal; strong winter demand has driven coal, LNG and oil prices. Asian benchmark thermal coal prices have pushed to their highest levels since 2016…
Winter Storm Threatens U.S. East Coast Energy Industry
The U.S. energy industry braced for a major test to refineries and power plants as an intense winter storm roared up the Atlantic Coast, bringing heavy snowfall…
Moore Stephens: Optimism to Outweigh Shipping Pessimism in 2018
International accountant and shipping adviser Moore Stephens expects optimism to triumph over pessimism in the shipping industry during the next 12 months. Writing in the latest issue of Bottom Line…
Irish Ferries Orders New Ship for Dublin-Holyhead Route
Irish Continental Group plc (ICG) said it has ordered a new cruise ferry set to be the world’s largest in terms of vehicle capacity, due for delivery in 2020. The…
EPA Provides $650K for Diesel Engine Refits
The U.S. Environmental Protection Agency (EPA) is providing the Puget Sound Clean Air Agency (PSCAA) with $650,000 to reduce diesel emissions from engines on up to eight vessels operating in the Puget Sound region. The project will provide vessel owners with incentives to scrap and replace 12-19 old Tier 0 engines with newer, more-efficient and lower-emission Tier 3 engines on six to eight harbor vessels operating in Puget Sound, Lake Union and Lake Washington.
Seaspan to Raise $250m to Invest
Seaspan Corporation announced that it entered into a letter of intent (LoI) pursuant to which Fairfax Financial Holdings Limited, through certain subsidiaries, will…
Top Ships Gets TC Extension for Four Vessels
TOP Ships, an international ship-owning company, announced that it has extended the time charter agreements with Stena Bulk AB (ex Stena Weco AS) by 12 months for…
British Ports Association Sets Priorities for 2018
The Chief Executive of the British Ports Association (BPA), Richard Ballantyne, has outlined the Association’s key priorities for 2018. These include continued interaction…
GTT to Design LNG Tanks for Korean Shipyard
GTT received at the end of 2017 an order from a South Korean shipyard regarding the design of the LNG tanks of a new LNG carrier. Its delivery is scheduled for the first quarter of 2020.
UK Shipping Minister Confirms CEC Review
Nautilus International has welcomed confirmation from shipping minister John Hayes that the government has agreed to the Union’s calls for a review of the UK’s system…
Hyundai Heavy Sets 2018 Sales Target $7.5 billion
South Korea's leading shipbuilder Hyundai Heavy Industries (HHI) aims to achieve 7.98 trillion won ($7.5 billion) in sales this year as its president warned of an…
India Okays Revised Concession Pact for Projects at Ports
India's Union Cabinet chaired by Prime Minister Narendra Modi on Wednesday approved amendments in the Model Concession Agreement (MCA) to make the Port Projects…
Hutchison Ports Acquires 50% Stake in TMA
Hong Kong's Hutchison Ports has acquired a 50% shareholding in Amsterdam-headquartered terminal and logistics operator TMA Logistics. TMA has a variety of general…
Great Lakes Towing, Shipyard to Hire 100
The Great Lakes Towing Company and Great Lakes Shipyard have announced plans to hire 100 employees before the end of January 2018 to support continued growth driven by client demand. The company said it is seeking candidates to fill a wide range of positions, including shipyard welders, shipfitters and more. “At The Towing Company, we’re looking for great people to join our team,” said Joe Starck, the company’s president.
Coast Guard Frees Vessels Frozen on the Hudson
The U.S. Coast Guard helped free two vessels beset by ice in the Hudson River this week as frigid temperatures in the U.S. Northeast continue to hamper the region’s commercial shipping. A Coast Guard icebreaker vessel freed tug Stephanie Dann near Kingston, N.Y. on Tuesday, as well as the tug Brooklyn stuck in ice near Saugerties, N.Y. on Sunday. The 140-foot icebreaking tug Coast Guard Cutter Penobscot…
Matson Increases Neighbor Island Barge Capacity
Matson, Inc. said its subsidiary Matson Navigation Company, Inc. has replaced one of its three barges dedicated to serving Hawaii's neighbor island ports with a newer…
Washington State Sued for Blocking Coal Exports to Asia
A company that planned to build a coal export terminal in the Pacific Northwest to ship western U.S. coal to Asian markets sued the state of Washington on Wednesday for blocking construction last year. Lighthouse Resources Inc filed a lawsuit in federal court against Washington Governor Jay Inslee and two state regulators for allegedly violating the U.S. Constitution's commerce clause by denying permits to allow the company to ship coal mined in Wyoming…
Shipbuilding: $13.3 Mln Awarded for R&D Projects
The National Shipbuilding Research Program’s (NSRP) Executive Control Board has selected a new round of research and development (R&D) projects aiming to spur technology advancements in order to reduce costs associated with shipbuilding and ship repair in the U.S. The seven projects – valued at over $13.3 million, including cost share – were selected from those proposed in response to research announcement issued in July 2017, and are outlined below.
Weeks Marine Takes Delivery of Hopper Dredge Magdalen
Weeks Marine’s new self-propelled hopper dredge, Magdalen, was delivered by Eastern Shipbuilding on December 22 following sea trials and regulatory inspections. The newbuild is one of the two newest, and among the largest hopper dredges in the U.S., and will bring formidable pumping power to offload beach quality sand or other materials for land reclamation. On December 28, the new dredger sailed from Eastern's Allanton facility in Panama City, Fla. on her maiden voyage to the East Coast.
