Kirby Reports Q1 Loss, Withdraws 2020 Guidance
America's largest tank barge operator Kirby Corporation on Tuesday announced a net loss of $248.5 million for the first quarter, down from $44.3 million earnings for the same period last year. The company also withdrew its full year earnings guidance.The sharp deceline in energy prices and oil and gas activity negatively impacted the revenue and operating income of Kirby's distribution and services segment…
Pirates Kidnap 10 Crew from Tanker off Nigeria
Pirates have reportedly kidnapped 10 crew members from an oil tanker off the coast of Nigeria, maritime security consultancy Dryad Global reported.An uknown number…
Ingalls Awarded $187 Mln Advance Procurement Contract for LHA 9
Huntington Ingalls Industries (HII) announced Tuesday that its Ingalls Shipbuilding division has received a $187.46 million advance procurement contract from the U.S. Navy to provide long-lead-time material and advance procurement activities for amphibious assault ship LHA 9.“This contract allows us to maintain the health of our critical nationwide shipbuilding supplier base while continuing our serial production of large-deck amphibs,” Ingalls Shipbuilding President Brian Cuccias said.
Hexcel’s HexPly M79 Prepregs Receive Type Approval
Hexcel has announced the Type Approval Certification of its HexPly M79 prepreg materials by DNV GL. This important third party verification allows HexPly M79 materials to be used in all DNV GL classed vessels and provides ship and boat builders with additional independent assurance of the product’s quality, performance and consistency.Hexcel has supplied advanced composite materials to the marine industry…
Norwegian Cruise Line Flags Doubts About Its Ability to Stay Afloat
Norwegian Cruise Line Holdings Ltd, the world’s third-largest cruise operator, raised doubts about its ability to continue operating on Tuesday, the first in the sector to signal it may succumb to the coronavirus crisis.The company’s shares closed down more than 20% as it launched a $1.6 billion offering of shares and bonds in a scramble to raise money, and announced a $400 million investment in a…
Crowley Signs Up to Inmarsat’s Fleet Xpress
Crowley Maritime Corp. has agreed a contract to install Fleet Xpress from satellite communications provider Inmarsat on a majority of its vessels.The 128-year old Florida-headquartered business owns, operates and manages a diverse fleet of close to 200 vessels, including conventional and dual fuel (LNG) containerships, tankers and articulated tug-barges, and ship assist and offshore services tugboats…
Tallink Passenger Traffic Down 96% From Last Year
Estonian shipping firm Tallink on Tuesday reported a 96% drop in April passenger traffic and 14% drop in cargo traffic as countries around Baltic Sea locked down to limit the spread of the coronavirus.Tallink operates large ferries between Estonia and Finland, and from Latvia, Estonia and Finland to Sweden.The Estonian government has said it was ready to invest 150 million euros ($164 million) in the convertible debt of Tallink as the company provides crucial transport links.Finland and Estonia
French Wheat Shipments Remain High Despite Lockdown
French soft wheat shipments outside the EU last month reached a four-year high for April, Refinitiv data showed, as exporters continued to ship high volumes during the coronavirus pandemic.Soft wheat exports to destinations outside the European Union totalled 1.56 million tonnes, the highest April volume since the 2015/16 season, an initial estimate based on Refinitiv loading data showed.The April volume was about 70,000 tonnes lower than non-EU soft wheat exports the previous month, which marke
Eastern Lays Keel for OPC USCGC Argus
Eastern Shipbuilding Group reports that the keel laying ceremony for the U.S. Coast Guard’s first-of-class Offshore Patrol Cutter (OPC) Argus (WMSM-915) was held on April 28, 2020 at Eastern’s Nelson Street facility in Panama City, Fla. USCGC Argus is scheduled to be delivered in 2022.The ceremony was performed and recorded without audience to comply with CDC guidelines to combat the spread of COVID…
EvoLogics Modems Authorized for US Navy Use
ANU listing granted after favorable USBL accuracy testsEvoLogics underwater acoustic modems were recently listed as Authorized for Navy Use (ANU), following a lengthy period of testing and technical evaluation by Naval Sea Systems Command (NAVSEA) and The Emergency Ship Salvage Material (ESSM) System. The ANU Program provides a list of selected diving equipment, tools and accessories which have undergone design safety reviews…
SMM Exhibition Rescheduled to February 2021
One of the world's largest shipbuilding exhibitions, SMM, held bi-annually in Hamburg, Germany and scheduled to take place in September 8-11, 2020, has been postponed to 2-5 February 2021 in response to the Coronavirus pandemic and its global impact on major events and international travelling.“The continued highly dynamic development of COVID-19 and the resulting ban on major events have left us no other choice but to postpone SMM to next year.
Venezuelan Oil Exports Rose in April
Venezuela's oil exports ticked higher in April after falling in March to their lowest average in seven months, helped by new trading partners that were re-selling cargoes in Asia, according to documents from state-run PDVSA and vessel tracking data.Venezuela shipped 31 cargoes of crude and refined products last month carrying an average of 848,500 barrels per day (bpd), a small increase from the 814…
Brazil Soybean Exports Hit Record in April
Brazilian soybean exports in April reached 16.3 million tonnes, an all-time record for a single month and an increase from 9.4 million tonnes in same month last year, according to average daily export data released on Monday by the government.The previous record was 12.35 million tonnes, set in May 2018.
Tropical Shipping Enters Suriname Market
Tropical Shipping announced it will serve the Port of Paramaribo with once-weekly sailings beginning May 14.The carrier will ship everything from small packages to refrigerated cargo, dry goods, building supplies and vehicles via its new eight-day transit between Florida and Suriname.Southbound service to Suriname will depart the Port of Palm Beach every Thursday and arrive in Paramaribo each Friday of the following week.
Canyon Marine Secures First Orders for Thordon
Canyon Marine Solutions has been approved as an authorized distributor for Thordon Bearings.The Virginia-based engineering firm will provide sales and engineering support to Thordon’s complete portfolio of marine bearing and seal products in the states of Delaware, Virginia, Maryland, North Carolina, and the District of Columbia.Canyon Marine Solutions, which officially began representing the company on April 1st has already secured a major order for Thordon Bearings.
Foss' New Tug Arrives in Long Beach
The Jaime Ann, the first of four new ASD-90 tugs constructed by Nichols Brothers Boat Builders for the Saltchuk family of companies, arrived today in her new homeport of Long Beach, in California. Powerful enough to escort the largest tankers and containerships calling on ports in the U.S. West Coast, Jaime Ann will provide tanker escort and assists for Foss Maritime’s customers in the Ports of LA/Long Beach area.Along with her 6866 horsepower and 90ST bollard pull…
DNV GL, Alpha Ori Ink Digitalization MOU
DNV GL and Alpha Ori Technologies (AOT) have signed a Memorandum of Understanding (MoU) in which they agree to work together to contribute to the marine industry’s ongoing digital transformation. The MOU will also see the companies work together to unlock the benefits of new digital technologies and methods, including sharing data collaboratively, and the creation of frameworks and standards, to develop…
High-tech Solution Helps Track Illegal Vessel Activity
Finnish startup ICEYE launched its global Dark Vessel Detection solution to help governmental maritime security customers monitor their waters for illegal vessel activity.The high-tech solution, which combines synthetic-aperture radar (SAR) satellite data from ICEYE and automatic identification system (AIS) data from vessels, is used as a source of actionable information for governments monitoring their Exclusive Economic Zones (EEZ)…
Carnival Plans to Resume Some Voyages in August
Carnival Corp announced Monday it plans to resume certain North American voyages in August as it tries to rebound from the coronavirus pandemic, which has idled its ships since March.The company said its Carnival Cruise Line brand intends to restart cruises on eight ships from Miami (Carnival Horizon, Carnival Magic and Carnival Sensation), Port Canaveral (Carnival Breeze and Carnival Elation) and Galveston (Carnival Dream…
North P&I Launches New Insurance Product
A new offering from North is designed for larger ocean-going vessels and will complement the H&M insurance already available from Sunderland Marine for fishing vessels and other small craft. WeThe P&I club expects the new line will be taken up by a number of Members, whilst it is also open to non-Members. The focus from an underwriting perspective will be on quality of risk and suitability of terms.In support of the product…
