Baltic Index Slips on Lower Capesize Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships ferrying dry bulk commodities, edged lower on Friday, weighed down by lower capesize vessel rates, while the main index posted its first weekly rise in five.The Baltic index, which reflects rates for capesize, panamax and supramax vessels, fell 5 points, or 0.26%, to 1,924.The capesize index dropped 29 points, or 0.87%, to 3,290, while the index recorded its first gain in five weeks.
NSRP Awards Hepburn and Sons Laser Peening Work
The National Shipbuilding Research Program (NSRP) has awarded Hepburn and Sons LLC with the “Onboard Ship Integration of Laser Peening System for Lasting Aluminum…
Port of Kiel Cruise Numbers up 33.6%
The visit of the cruise ship AIDAprima on Saturday, October 12, marked the end of the oceangoing cruise season in Kiel, and what a season it was with ship visits and passenger numbers up over 2018.In total the port was visited 174 times (2018: 169) by 32 different cruise ships with a total tonnage of 15 million GT (2018: 11.5). For the first time the port exceeded the 800,000 cruise passenger threshold (embarked or left a ship at the terminals) in Kiel (+ 33.6 %).
DHS, USCG Extend Contract Relief ESG for OPC
The Department of Homeland Security, in close coordination with the U.S. Coast Guard, granted extraordinary relief to the Eastern Shipbuilding Group (ESG) for the Offshore Patrol Cutter (OPC) under the authority of Public Law (P.L.) 85-804.ESG submitted a request June 30, 2019, for extraordinary relief after their shipbuilding facilities sustained significant damages from Hurricane Michael, a Category 5 storm, in October 2018.Acting Secretary of Homeland Security Kevin K.
UK Strikes Ferry Deals to Ensure Supply of Medicines after Brexit
Britain said on Friday it had signed deals worth 86.6 million pounds ($109.50 million) with shipping firms to ensure the supply of vital medicines in the event of…
Atlantic Offshore Orders Hybrid Package for OSV Pair
Technology group Wärtsilä said it will engineer, supply and install complete battery hybrid packages to two offshore supply vessels (OSV) owned by Norwegian-based operator Atlantic Offshore. The 746 kWh battery hybrid systems will be installed on the Ocean Star and Ocean Art at the Fitjar shipyard in Norway. The project is sceduled to be completed in early 2020.The hybrid propulsion conversions will unlock improved fuel consumption and a reduced environmental impact…
DSC Dredge Wins USACE Dredge Bid
DSC Dredge, LLC wins bid for a new, non-propelled, cutter suction head dredge solicited by The Marine Design Center (MDC) of the U.S. Army Corps of Engineers (USACE) earlier this month. When completed, the new cutter suction head dredge will operate out of Astara, Azerbaijan to not only maintain the harbor depth and harbor entrance but the US Government is purchasing this dredge for the country of Azerbaijan as a part of Azerbaijan’s support of the US in anti-terrorism efforts.
SHORTSEA SHIPPING: All the Right Moves (Finally)
Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion).
Flawed CRS Dredging and Jones Act Report Under Fire
Congressional Leaders Rebuke Fatally Flawed Congressional Research Service Reports on Dredging and U.S.-flag Shipping.The Chairman and Ranking Members of the U.S. House of Representatives Transportation and Infrastructure Committee (T&I) and the Chair and Ranking Members of T&I’s Subcommittee on Coast Guard and Maritime Transportation sent a letter to the Library of Congress refuting a recent Congressional…
U.S. Sanctions Bite; Traders Shun 300 Tankers
Nearly 300 oil tankers globally have been placed off limits as companies fear violating U.S. sanctions against Iran and Venezuela, driving freight rates to new highs, industry sources said.The move has taken roughly 3% of the global oil tanker fleet out of the market, according to industry sources and data on Refinitiv Eikon, sending rates soaring to secure tankers to ship oil, particularly to Asia."Freight…
CNOOC Seeks Replacements for Sanctioned COSCO LNG Tankers
China National Offshore Oil and Gas Company (CNOOC) is on the hunt for liquefied natural gas (LNG) tankers to charter, several industry sources told Reuters, looking to replace ships it had previously hired that are linked to a Chinese company sanctioned by the United States for allegedly transporting Iranian oil.The company, COSCO Shipping Tanker (Dalian), is one of four Chinese firms on which the Trump administration imposed sanctions on Sept.
U.S. Sanctions Deal Blow to LSFO for 'IMO 2020'
Highly sought after types of oil best suited to making cleaner shipping fuel are suddenly finding they are a tougher sell for thirsty East Asian markets, traders say, in an unintended consequence of U.S. sanctions on a Chinese shipping fleet.With just over two months until environmental rules are set to mandate the biggest changes to ship power in over a century, certain rare types of West African…
Tokyo Gas Rejects LNG Tanker after Power Outage
Japan's Tokyo Gas rejected delivery of a liquefied natural gas (LNG) tanker on Thursday after the vessel suffered a power outage after entering Tokyo Bay, a company…
Iranian Tanker Hit by Missiles, Oil Rises
Oil prices jumped more than 2% on Friday, October 11, 2019, after Iranian media said a state-owned oil tanker had been struck by missiles in the Red Sea near Saudi Arabia…
Seaspan-Built CCG Ship Heads for Sea Trials
The future Capt. Jacques Cartier, the second of three Offshore Fisheries Science Vessels (OFSV) to be designed and built by Seaspan at its Vancouver Shipyards (VSY), began sea trials on October 10, 2019 from Seaspan’s Vancouver Drydock where final outfitting, set to work and commissioning has taken place since its launch in June.“With the future Capt. Jacques Cartier headed out to sea today, excitement in our NSS program is growing,” said Mark Lamarre, CEO, Seaspan Shipyards.
