Rhine Level in Germany Falls Again, Vessels Only Part-loaded
Water levels on the Rhine in Germany have fallen again with vessels often sailing only half full and prices for cargo transport rising, commodity traders and shipbrokers said on Friday.Shallow water after dry weather continues to hinder shipping on the entire river in Germany.
Louis Dreyfus Armateurs Sells 13 Bulk Carriers
French family-owned shipowner the Louis Dreyfus Armateurs Group (LDA) siad it has reached a deal with partners Groupe Roullier and Peugeot Invest and institutional investors advised by J.P.
Norwegian's First Prima Class Cruise Ship Delivered
Norwegian Prima, the first of six vessels from Norwegian Cruise Line’s (NCL) new Prima Class of ships was delivered at Fincantieri's shipyard in Marghera on Friday.Along with her sister-ships, Norwegian Prima will form the backbone of the future NCL fleet, at more than 142,500-tons, almost 300 meters long, and accommodating 3,215 guests. Deliveries are scheduled through 2027.Starting in the summer of 2022…
NASH Maritime Opens Office in Scotland
shipping, navigation and maritime risk consultancy NASH Maritime Ltd. announced the opening of an Edinburgh office, it’s first in Scotland.Formalizing its existing presence in Scotland is another milestone for the company, as it continues to see increasing demand for its services, the company said.NASH Maritime Director, Jamie Holmes, said, “Our extensive portfolio of work in Scotland and growth of the team here on the ground…
Marine Insurance: Climate Change Challenges for the Shipping Industry
With 90% of global trade moved by sea, shipping is a major contributor to climate change. The International Maritime Organization (IMO) estimated that the industry’s greenhouse gas emissions grew by 10% between 2012 and 2018, while the industry’s share of global anthropogenic CO2 emissions grew slightly to almost 3%, about the same volume as Germany. It also forecasts that ‘business as usual’ could…
Pasha Hawaii Takes Delivery of LNG-fueled Containership
Hawaii-based Pasha Hawaii announced on Thursday it has taken delivery of a new liquefied natural gas (LNG)-fueled containership from Brownsville, Texas shipbuilder Keppel AmFELS.The 774-foot George III is the first of two new ‘Ohana Class containerships to join Pasha Hawaii’s fleet, serving the Hawaii/Mainland trade lane. It is said to be the first LNG-powered vessel to fuel on the West Coast and the first to serve Hawaii.
Royal Caribbean's Loss Narrows
Cruise operator Royal Caribbean Group (RCL.N) on Thursday reported a smaller-than-expected quarterly loss as bookings rebounded and travelers splurged on cabanas, spa treatments and watches while onboard.The world's second-largest cruise line operator is the latest company to report good results as travelers, free of restrictions related to COVID-19, spend heavily on rental cars, airline tickets and hotels."Despite concerns about the U.S.
Syrian Ship Carrying 'Stolen Ukrainian Barley, Flour' Docks in Lebanon
A Syrian ship under U.S. sanctions has docked in the northern Lebanese port of Tripoli carrying barley and wheat that the Ukrainian embassy in Beirut told Reuters…
Ferry Damaged After 'Hard Landing' in Seattle
Washington State Ferries said one of its vessels suffered "significant damage" as the result of a "hard landing" at the Fauntleroy terminal in Seattle on Thursday.The Cathlamet, which was traveling from Vashon Island to West Seattle during a 7:55 a.m. sailing, reportedly struck an offshore dolphin (pilings, not the aquatic mammal) before alliding with the dock.Photos shared to social media show considerable damage to Cathlamet's port bow above the waterline.
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Each year, Marine News magazine profiles 100 of the top firms in the North American workboat sector.From passenger vessels to towboats, tugs and barges. From dredging and offshore energy to pilot, patrol, fire and police boats. OEMs, service providers, shipyards, owners/operators and the full gamut of marine-related businesses are eligible. But, only those who apply before August 10, 2022 will be considered for inclusion.Is your company one of the best?
US Navy Hires Hornbeck OSV
The U.S. Navy has hired a Hornbeck Offshore offshore support vessel (OSV) to support its submarine fleet operational and rescue requirements in the Atlantic Ocean, the U.S. Department of Defense said on Tuesday.The $8,766,200 firm-fixed-price contract is for the operation and crewing of the Jones Act-qualified, U.S.-flagged HOS Rosebud. The deal includes one 182-day base period, one 182-day option period and one 120-day option period…
Ahead Sanitation Systems: Full Speed Ahead
Ahead Sanitation Systems, Inc. is fast becoming a leading manufacturer and distributor of marine sanitation systems, products and supplies after more than two decades serving the industry. Those looking can find an Ahead Tank somewhere across all seven seas and most major rivers and lakes in between.Winton I. Rebouche, Jr., known to friends and customers as Boo Boo, is the founder and sole owner of the Broussard, La.-based company.
Furetank Orders 11th Vinga Series Tanker
Sweden-based Furetank said it has signed a contract for a new dual-fuel tanker to be built by China Merchants Jinling Shipyard in Yangzhou for scheduled delivery in July 2024. The deal includes an option for additional vessels.The 17,999 dwt vessel will be number 11 in the Vinga series of sister vessels designed with special focus on minimum environmental impact. Furetank owns four of the vessels already…
Blount Delivers Buoy Tender/icebreaker to Maryland Department of Natural Resources
Warren, R.I. shipbuilder Blount Boats announced it has delivered a new buoy tender/ice breaker built for the Maryland Department of Natural Resources.Eddie Somers was handed over on May 19 at Somers Cove Marina in Crisfield, Md. The 94- by 227-foot shallow draft vessel will replace the J. Milliard Tawes, which has been in service for nearly 50 years.Designed by BMT Designers and Planners, the Eddie Somers is powered by Cummins QSK19…
As Airlines Struggle with Demand, 'Car-Cations' Boom, Stena Line says
Stena Line reports that its travel business bouncde back in Britain and Ireland in 2022, with figures for the first half of the year show that passenger numbers are back to pre-pandemic levels, while car numbers in particular are far higher than in 2019.The increase in the number of cars is most striking on the Irish Sea, driven by the fact that the cost of car hire in Ireland isthe highest in Europe…
Vitol Enters Jebel Ali Bunker Market
Vitol Bunkers said has extended its bunkering services to Jebel Ali—the largest container port in the Middle East—and to Dubai's Port Rashid Cruise Terminal, from July 2022.According to Vitol, the move will help it to address the supply requirements of strategic marine customers in key Middle Eastern locations.Vessels visiting Jebel Ali will have access to Vitol Bunkers’ marine products produced at the Vitol-owned FRCL refinery in Fujairah.
Keppel Posts 66% Jump in First-half Profit
Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound at its offshore & marine (O&M) unit.Keppel, which traces its roots to a small ship repair yard corporatized in 1968, has seen its renewable energy and asset management units bounce back this year, offsetting a decline in its urban development business."In an extended inflationary environment, demand for real assets with cash flow,
Baltic Dry Index Falls to 5-month Low
The Baltic Exchange's main sea freight index hit its lowest in over five months on Thursday as rates across vessel segments extended their retreat.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, logged its worst daily fall in a fortnight, shedding 62 points, or 3.1%, to 1,945 points, its lowest since Feb. 17.The capesize index lost 143 points, or 6.1%…
AET Unveils Shuttle Tanker for Long-term Charter to Petrobras
Tanker shipping company AET on Thursday named its newest vessel, Eagle Crato, the final of three Suezmax Dynamic Positioning (DP2) shuttle tankers purpose-built for long-term charter to Petróleo Brasileiro S.A. – Petrobras, based on the agreement signed in February 2020.The Eagle Crato was unveiled at a naming ceremony held at the Samsung Heavy Industries (SHI) Shipyard in Geoje, South Korea. Eagle Crato will be delivered to AET on Friday…
US Navy Exercises Option for L3Harris Submarine Imaging Masts
L3Harris Technologies reports the U.S. Navy has exercised an option on its previously awarded contract to produce enhanced submarine imaging masts and spares.L3Harris said it will provide two configurations of its Type 20 low-profile mast to meet the Navy’s operational requirements. Production will be performed at L3Harris’ Northampton, Mass. facility, with initial deliveries scheduled to begin in…
