St Johns Ship Building Expands Capacity for Additional CTV Builds
Americraft Marine Group announced it is investing in its Palatka, Fla. based shipyard, St Johns Ship Building, to increase capacity for construction of crew transfer vessels (CTVs) and other vessels to serve the growing U.S. offshore wind industry.In addition to previous commitments from Americraft to its subsidiary shipyard, St Johns Ship Building has also received the final approval of a MARAD grant…
Steering Loss Led to Towing Vessel Grounding -NTSB
An electrical generator set (genset) failure and subsequent loss of steering led to the grounding of a towing vessel near Greenville, Miss., the National Transportation Safety Board (NTSB) said Thursday.The towing vessel Marquette Warrior was pushing 35 loaded dry cargo barges down the Lower Mississippi River on Nov. 21, 2021, when several barges grounded on the riverbank. Four barges were damaged, including a hopper barge with bean cargo that partially sank.
SAFE Boats Delivers Survey Vessel for Maritime Autonomy Provider Mythos AI
Bremerton, Wash. shipbuilder SAFE Boats International announced a production partnership with West Palm Beach, Fla.-based autonomous maritime technology provider Mythos AI. SAFE Boats has delivered a purpose-built Porter 78S workboat to Mythos AI. The aluminum-hull, outboard-driven Porter 78S survey boat, built under an exclusive license agreement with Stormer Work Boats of the Netherlands, is specifically…
Inchcape CEO Frank Olsen Steps Down
Frank Olsen has stepped down as CEO of British multinational ports and marine management company Inchcape Shipping Services (ISS) effective November 30, 2022, the company announced on Friday.ISS said it has appointed a new CEO, Philippe Maezelle who joins December 1, 2022. Maezelle is an international business leader with strong executive transformation experience across the professional services industries.
Diana Shipping Announces Two Time Charter Deals
Shipowner Diana Shipping on Friday announced it has entered into a pair of time charter contracts for two of its owned bulk carrier vesselsWestern Bulk Carriers AS will charter the DSI Aquila $13…
Castor Maritime to Spin-off Its Tanker Fleet
Bulk carrier and tanker owner Castor Maritime this week announced plans to spin off its tanker fleet into a new subsidiary called Toro.Nasdaq-listed Castor, which…
All American Marine to Build Patrol Boat for Calif. Fish and Wildlife
Bellingham, Wash. shipbuilder All American Marine, Inc. (AAM) announced it has been awarded a contract to build an new 74’ patrol vessel for the California Department of Fish and Wildlife (CDFW).CDFW manages California's diverse fish, wildlife and plant resources, and the habitats upon which they depend, and its Law Enforcement Division protects California natural resources and provides public safety.
Baltic Dry Index Posts Weekly Fall
The Baltic Exchange's dry bulk sea freight index fell to a more than two-month low on Friday and posted a weekly decline as demand for capesize vessels dropped.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels carrying dry bulk commodities shed 39 points, or 3.2%, to 1,189, its lowest since Sept. 8.The main index dropped 12.3% for the week, its fifth weekly fall in six.The capesize index lost 66 points…
Fujairah Bunker Sales Slide 2% in October
Marine fuel sales at the United Arab Emirates' Fujairah, the world's third-largest bunkering hub, slid 2% month-on-month in October as demand slowed.Total sales volumes at Fujairah, excluding lubricants, were at 655,126 cubic metres (about 627,000 tonnes) in October, showed latest data from the Fujairah Oil Industry Zone published by industry information service S&P Global Commodity Insights.The decline was led by a fall in low-sulphur bunker fuel sales…
Britain Says Drone Circles Vessel in Gulf of Oman
Britain's maritime agency said a drone circled a ship in the Gulf of Oman on Friday, three days after an Iranian-made drone attacked a tanker in the region.The Maritime Trade Operations (UKMTO), which is part of the Royal Navy, said the incident took place about 50 miles southwest of Muscat. The vessel and crew were reported to be safe. It did not specify what kind of vessel was involved.The U.S.
Maersk Line Settles Sexual Assault Suit with Midshipman-X Hope Hicks
Maersk Line, Limited (MLL), a U.S. subsidiary of Danish shipping giant A.P. Moller - Maersk, has resolved a sexual assault and harassment suit filed by former U.S. Merchant Maritime Academy (USMMA) cadet Hope Hicks.Hicks shook the international maritime community in 2021 under the moniker "Midshipman-X" when she publicly described how she was raped by her superior officer while serving as an engine cadet aboard the Maersk cargo ship Alliance Fairfax in 2019.In June…
Seymour Sun, Grouse Sun Garner Green Ship Award
Delivered in January 2022 and April 2022 respectively from Hyundai Mipo Dockyard in South Korea, the Seymour Sun and Grouse Sun are owned by NYK Bulkship Asia Pte. Ltd., were recognized recently with the "Green Ship Award" at the Singapore Registry of Ships (SRS) Forum 2022 hosted by the Maritime and Port Authority of Singapore (MPA).Each ship measures 186 x 32 m, is 30,873 gt and flies the Singapore…
Incat Crowther Designs University of Wisconsin-Superior's New Research Vessel
The Lake Superior Research Institute (LSRI) at the University of Wisconsin-Superior has commissioned naval architecture firm Incat Crowther to design a new low-emission battery hybrid research vessel.The aluminum-hulled vessel will be built by Louisiana shipbuilder Midship Marine for expected delivery in spring 2024.Described as a ‘floating classroom’, the 65-foot USCG-certified catamaran will support…
Cannelton Locks and Dam Primary Lock Chamber Reopens to Navigation Traffic
The 1,200 foot-primary chamber at Cannelton Locks and Dam on the Ohio River in Cannelton, Ind., officially reopened to navigation traffic, November 13, the U.S. Army Corps of Engineers (USACE) said.Due to scheduled maintenance and repairs, the 1200-foot primary chamber had been closed since July. The four-month temporary closure allowed the Regional Rivers Repair Fleet’s (R3F) heavy capacity fleet…
Backhaul Spot Rates Sink Below January 2020 Levels
The collapse in spot rates on fronthaul trades has caught the headlines, but shippers on certain backhaul trades have seen equally large drops, with some trades having seen spot rates fall for much longer than on the fronthaul and have fallen below rates in January 2020, Xeneta shows in its latest weekly container freight rate update.From North Europe to the Far East, the average rate for a standard FEU has fallen to $820 per FEU.
Black Sea Grain Export Deal Extended
A deal aimed at easing global food shortages by facilitating Ukraine's agricultural exports from its southern Black Sea ports was extended for 120 days on Thursday, though Moscow said its own demands were yet to be fully addressed.The agreement, initially reached in July, created a protected sea transit corridor and was designed to alleviate global food shortages by allowing exports to resume from three ports in Ukraine…
Disney Acquires Unfinished Cruise Ship Global Dream
Disney Cruise Line has announced plans to acquire and complete the unfinished cruise ship previously known as Global Dream. The 208,000-gross-ton ship, which was originally being built by the now bankrupt MV Werften shipyard in Wismar, Germany for insolvent parent company Genting Hong Kong's Dream Cruises, has been sitting incomplete as the shipyard's liquidator sought a buyer. The Walt Disney Company's…
MPC Container Ships Appoints Fuhrmann as CFO
Oslo-based shipping company MPC Container Ships ASA on Thursday announced it has appointed Moritz Fuhrmann as Chief Financial Officer (CFO) from December 1, 2022. Fuhrmann will succeed the current CFO, Dr. Benjamin Pfeifer, who has resigned his position to pursue new opportunities.Fuhrmann joins the company from London-based Hayfin Capital Management LLP, where he has served as Principal in the maritime team.
Performance Shipping Buys Secondhand Aframax Tanker
Greek shipowner Performance Shipping on Thursday announced it has signed a memorandum of agreement to purchase a secondhand 105,408 dwt LR2 Aframax oil product tanker for $43.75 million.The vessel…
New Water Taxi Service Launched in Abu Dhabi
A new public water taxi service has been launched in Abu Dhabi to offer an alternative transport option between Yas Bay, Yas Marina and Al Bandar.Abu Dhabi Maritime, established by the Department of Municipalities and Transport (DMT) and AD Ports Group as the primary custodian of Abu Dhabi's waterways, is launching the service in collaboration with local attractions developer Miral.It will initially operate across high-demand locations including Yas Bay…
