Creating the VLCC
Since the birth of the very first large crude carrier (VLCC) - the 206,000-dwt Idemitsu Maru in 1966, the stage was on the verge of being set for another 1,000 large…
American Shipbuilding Industry Poised For 21st Century
The American Shipbuilding Association (ASA) represents the six largest shipbuilding companies in the United States: Avondale Industries, LA; Bath Iron Works, ME…
The Fan(atic)
He loved Maritime Reporter so much that he failed a class project for it. Yes, it's true that when he was an eighth grader in Boston, Brian Fournier sadly realized…
History of the Containership
Faster and cheaper and more efficient. Nearly everyone agrees that the rapid change from break-bulk cargo handling to the containership has been revolutionary. It…
NCL Expects $5.9 M In Losses After Grounding
NCL Holding ASA reportedly expects losses from the grounding of its Norwegian Sky vessel off Canada last week to total $5.9 million, including $2.5 million from…
SembCorp Looks To Become A Global Contender
Diversified SembCorp Industries Ltd., fresh from sales of key non-core assets, is reportedly hunting for foreign partners in its bid to become a global contender in its core businesses.
LPG Tanker Blast Kills Five
An explosion aboard an LPG tanker docked at Subic Shipyard in the Philippines killed at least five people, according to shipyard officials. The vessel, identified as Mundogas Europe…
Giant Iceberg Heading For Tierra Del Fuego
A giant iceberg, 40 miles (66 km) long and 11 miles (18 km) wide, is reportedly floating toward Tierra Del Fuego, the tip of South America, causing Chilean authorities…
Minoan Flying Dolphins To Order Three Ferries
Minoan Lines subsidiary Minoan Flying Dolphins will reportedly order three more high speed ferries at a cost of $150 million, bringing its total newbuildings to eight.
Carnival Cruise Lines Founder Dies
Ted Arison, founder of Carnival Cruise Lines, reportedly died of a heart attack on Oct. 1 in Tel Aviv at the age of 75. Arison, listed in Forbes magazine as one of the world's richest men…
Polish Shipyard Gets Orders For Seven Ships
Poland's Szczecin shipyard has reportedly signed a contract for seven container vessels ordered jointly by Chilean firm Compania Chilena Sud America de Vapores (CSAV)…
SS&Y's Atlantic Capesize Index Rises 148 Points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index rose 148 points to 3,682 in the week ending Sept. 27. "A rise of 148 points in this week's index…
SS&Y's Pacific Capesize Index Rises 37 Points
Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 37 points to 3,287 in the week ending Sept. 27. "Cargoes uncovered for October helped to steady…
Offshore Rig Demand Rises In U.S., Falls In Europe
Rig demand increased in the U.S. Gulf of Mexico and declined slightly in Europe, following a pattern that is likely to be repeated through the end of this year at least.
Stiff Rate Increases Seen For Atlantic Capers
Some stiff rate increases for Atlantic capers were seen for business to China and for trans-Atlantic coal, brokers said last Wednesday. Panamax rates were still drifting from the U.S.
Rates Rise Amid Increased Activity, Lack Of Vessels
Mideast-Asia VLCC and Mediterranean Suezmax crude tanker rates have risen due to increased activity and a lack of vessels, shipping brokers said Sept. 29. VLCC rates…
ICB Tankers Deal Boosts Weeks' Ship Sales
Greek shipowner John Angel-icoussis' acquisition of four ICB tankers last week was the highlight of a busier market, Allied Shipbroking Inc. said in its latest ship sales report.
Controversial Nuclear Cargo Ship Docks In Japan
An armed British ship carrying recycled nuclear fuel docked on Japan's northeast coast early last week after a two-month voyage from Europe that sparked protests…
Company Settles California Spill Case For $9 M
Privately-owned company Pearl Shipping has agreed to pay $9.4 million in compensation for an engine fuel spill from one of its tankers off California last year, according to company officials.
Northwestern University Center To Open
Neptune Orient Lines (NOL), an early donor to the Northwestern University Transportation Center's "Building for the Future" campaign, is joining other supporters…
