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Argentinian Shipyard to Build First Domestically Produced Dredger
SPI Servicios Portuarios Integrados for Mar del Plata port in Argentina has acquired a DOP Dredger component package from Damen Shipyards Group. The Argentinian shipyard will build major components and assemble the dredger. The DOP Dredger 250 will be used to dredge underneath a floating dock, which the shipyards wants to keep operational full-time. The trick is that the dock will remain in place during…
Somali Pirates Release Last of Hostages Captured in 2015
Somali pirates have released three Iranian hostages held for five years, a maritime security official said on Thursday, as conflicting reports emerged whether another ship had been seized after a three-year hiatus in hijackings.The three Iranians are the last of the crew of the Iranian fishing vessel FV Siraj, which was captured by pirates on March 22, 2015.“This marks the end of an era of Somali piracy and the pain and suffering of Somalia’s forgotten hostages…
How Will the Cruise Industry Recover from Coronavirus?
On Sunday the first major cruise ship to take to the Mediterranean in almost five months sailed out of the Italian city of Genoa. Passengers on the MSC Grandiosa were tested for coronavirus before stepping on board. The ship—which has brought in an array of strict measures to limit the spread of the virus—will stop at three Italian ports and the Maltese capital Valletta in a seven-day voyage. But will these measures be enough to help the sector survive the pandemic?
Somali Pirates Hijack Panama-flagged Tanker
A merchant ship has reportedly been hijacked off the northeast coast of Somalia, marking the first successful hijacking by Somali pirates since 2017.The Panama-flagged…
Shipping through the Pandemic: Perfect Storm or Wake up Call?
The global pandemic news has been horrific and certainly an historic moment in domestic and worldwide shipping. For many businesses, the action was simple; hang the “closed” sign, furlough or layoff staff and wait for the approval to re-open. Or not, depending how long the virus will linger and continue to cause hundreds or thousands of deaths and rising numbers of cases. Make no mistake, there will be many businesses associated with our industry that will not return.
Mauritians Angered by Government Response to the Wakashio Oil Spill
On the evening of Saturday July 25, the MV (Merchant Vessel) Wakashio grounded on coral reefs in the south-east of the Indian Ocean tropical island of Mauritius. The ship, a Japanese-owned but Panama-registered bulk carrier designed to transport unpackaged goods such as coal or grain, was empty of cargo but had an estimated 200 tons of diesel and 3,800 tons of heavy fuel oil onboard. The ship sat for…
Beirut Blast a Wake-up Call on Dangers of Ammonium Nitrate
The devastating explosion in Beirut should be a wake-up call for countries on the dangers of ammonium nitrate, which caused the blast, experts say.Lebanese authorities said 2,750 tonnes of the industrial chemical had been stored for six years at Beirut port without safety measures. That stockpile exploded on Tuesday, killing more than 150 people, injuring thousands and leaving about a quarter of a million people homeless.Commonly used in fertilizers and as an industrial explosive…
Australia's New Icebreaker is Being Towed to the Netherlands
Australia’s new, nearly completed icebreaker built at Damen's Galati shipyard in Romania is traveling to the Netherlands to undergo final commissioning and sea trials that had been delayed due to the coronavirus pandemic.The Nuyina is currently under a month-long tow from Romania to the Dutch port of Vlissingen, where teams of equipment installers from Western Europe will access the new research and supply vessel (RSV) for final commissioning of essential propulsion…
Deadly Explosion Rips Through Beirut Port Area
A powerful blast in port warehouses near central Beirut storing highly explosive material killed 78 people, injured nearly 4,000 and sent seismic shockwaves that shattered windows, smashed masonry and shook the ground across the Lebanese capital.Officials said they expected the death toll to rise further after Tuesday's blast as emergency workers dug through rubble to rescue people and remove the dead.
Trafigura Offers COVID-19 Premium
Commodities trader Trafigura Beheer has become the first company to offer a defined Covid premium on an Asian syndicated loan, paying up to an extra 20bp all-in on its latest US$1bn-equivalent financing.The novel pricing structure is a first for Asia, if not globally, and could set a precedent for other price-sensitive borrowers looking to limit the long-term effects of the pandemic on their funding costs.Without the Covid premiums…
Examining LNG as Fuel
A snap poll recently conducted by ABS found that as many two-thirds of global shipowners had yet to select a technical pathway to meet the International Maritime Organization’s (IMO) mandatory decarbonization targets for 2030 and 2050.With the technologies supporting a myriad of new low-carbon fuels evolving at vastly different speeds, any tendencies to wait for information to mature before making significant long-term capital commitments are understandable…
US-China Cold War Would Redirect Energy Flows
Worsening diplomatic relations between the United States and China are putting a spotlight on their economic inter-dependency in the context of global supply chains for both technology and energy.Top policymakers in the United States and some of its closest allies, including Australia and Britain, have recently hardened the language in which they describe relations with China.China has been labelled…
Australia Bans Marmaras Bulker for Underpaying Crew
A Liberian-flagged bulk carrier Agia Sofia has been banned from Australian ports for six months after authorities discovered seafarers on board were being underpaid.Australian…
USS Tripoli (LHA 7) Departs Ingalls Shipyard
The U.S. Navy’s newest amphibious assault ship, USS Tripoli (LHA 7), departed from Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division Friday, sailing to its homeport in San Diego.Delivered to the Navy in February and officially commissioned last week, USS Tripoli is the U.S. Navy's second America-class amphibious assault ship built by the Pascagoula, Miss. shipyard.“Tripoli sailing away to join the fleet is a proud moment for all of our shipbuilders…
Chinese 'Dark Fleets' Fishing off North Korea Despite Sanctions Ban
“Dark fleets” believed to be from China have been fishing in North Korean waters, potentially netting Pyongyang millions of dollars in illicit fees and forcing smaller North Korean vessels further afield, a series of reports said this week.The South Korean coast guard as well as independent experts monitoring the implementation of United Nations sanctions have reported for years that ships of Chinese origin have been observed fishing in North Korean waters…
VIKING Wins Greek Patrol Boat Order
VIKING Life-Saving Equipment reports it has won a tender to supply the Hellenic Army Special Forces with its Munin S1200 daughter craft, continuing a series of agreements that support patrol, defense and search and rescue capability of Hellenic seaborne forcesDesigned to operate for extended periods of time away from land or its mother ship, the 12m length by 3.5m deep-V hull boat will support Special Forces in tactical maneuvers, patrol and search and rescue operations.
Containership Crew Rescues Sailors 825 Miles off Hawaii
The crew aboard a U.S.-flagged containership rescued three sailors from a 50-foot trimaran that became disabled in the Pacific Ocean, about 825 miles northeast of Oahu…
Bolidt Launches Antimicrobial Decking for Passenger Ships
As cruise ship and other passenger vessel operators look toward the eventual resumption of voyages following the coronavirus health crisis, synthetic applications specialist Bolidt is launching an antibacterial flooring system intended to improve limit the spread of multiresistant bacteria.Originally designed for use in land-based applications such as hospitals and kitchens, the pioneering technology is not only bactericidal but also hygienic and easy to clean…
Chinese Ships Intruded into Malaysian Waters 89 Times in Four Years -Report
Chinese coastguard and navy ships intruded into Malaysian waters in the disputed South China Sea 89 times between 2016 to 2019, and often remained in the area even after being turned away by the Malaysian navy, the government said in a report on Tuesday.The report comes amid escalating tension between the United States and China over Beijing’s claims to most of the resource-rich South China Sea, which is also a major trade route.The Philippines…
Seaboard CEO Bresky Passes Away
Seaboard Corporation announced Monday that its president, CEO and chairman of the board Steven J. Bresky passed away suddenly. The group said its board of directors expects to name Bresky's successor in the near future.Steve was the third generation Bresky to lead Seaboard in its 102-year history, following in the footsteps of his father H. Harry Bresky and grandfather and company founder Otto Bresky. He had been president, CEO and chairman of the board since 2006.
