Baltic Index Hits More Than 3-year High on Strong Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in three-and-a-half years on Friday, boosted by strong capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 32 points, or 2.18 percent, to end at 1,502 points, its highest since March 2014. The capesize index was up 199 points, or 6.75 percent, at 3,147 points, its highest level since November 2014.
Michelsson to Join Evac
Waste, wastewater and water management systems provider Evac has appointed Tomas Michelsson as the President, Offshore and Merchant business area, effective January 8, 2018. Michelsson will replace the former President, Claes Rudling, who has retired during the summer. Michelsson previously worked as the Vessel Type Responsible (VTR) Global Sales Manager, Ro-Pax and Yachts, ABB Marine, and as the Director, Marine and Offshore business unit, Marioff.
Migrant Boat Sinks off Turkish Coast, Four Dead
Four people drowned when a fishing boat carrying migrants sank off the Turkish coast in the Marmara Sea on Friday, the coast guard said in a statement. The boat…
Lamprell's Revenue Falls 65 pct, Cuts FY Forecast
Oil rig builder Lamprell Plc reported a 64.7 percent fall in revenue in the first half of the year and cut its full-year forecast, hurt by lower activity levels across the industry.
U.S. Navy Carrier Drills with Japanese Navy
The U.S. Navy carrier Ronald Reagan is conducting drills with Japanese warships in seas south of the Korean peninsula, Japan's military said on Friday, in a show…
Hawaii Stevedores Commits Kapalama Container Terminal
Honolulu-based Hawaii Stevedores, Inc. has received confirmation from Hawaii State Department of Transportation (HDOT) that, together with the state, Hawaii Stevedores…
Neptune Shipyard Completes First AIDAnova Module
A module of the new cruise ship AIDAnova has been released into the water for the first time at the Neptun shipyard in Rostock, which belongs to the Meyer Group.
First Floating Dry Docks
The Operational and Maintenance departments of Antwerp Port Authority will shortly be merged to form a "Nautical & technical cluster." The new entity will have two…
Marine Biofuels As Sustainable Alternative For Shipping
The inaugural biofuel roundtable was held in Singapore today to drive discussions on the use of biofuels as a sustainable alternative fuel for the future of shipping.
Investment Plans for Europe Transport
To complete the Trans European (TEN-T) Network, 750 billion euros is still needed. 30 European transport associations, representing infrastructure managers, operators…
European Shipowners Back EU, Canada Trade Agreement
European shipowners have welcomed provisional application of the Comprehensive Economic Trade agreement between the EU and Canada (CETA). The CETA agreement will…
Newcastle Completes Operations with US 5th Fleet
HMAS Newcastle has completed an attachment with the US Navy’s 5th Fleet in the Arabian Gulf while deployed on maritime security operations in the Middle East region.
Organisations Across Europe Ask EU to Invest More in Transport
With the slogan “More EU budget for transport, the best investment plan for Europe” a coalition of thirty European transport organisations are launching today their…
Navy Awards Contract for Columbia Class Submarine Development
The Navy awarded a $5.1 billion contract to General Dynamics Electric Boat for Integrated Product and Process Development (IPPD) of the Columbia Class submarine Sept. 21.
Norwegian Authorities Investigation on HARRIER
The HARRIER is still under arrest in Norway after its owners failed to illegally set sail for the dangerous and dirty scrapping yards in Gadani, Pakistan, last February.
BV Approves Braemar’s LNG Containment System
Braemar Technical Services announced that Bureau Veritas (BV) has issued a General Design Approval for the FSP Type B LNG Containment System (FSP). Starting with the General Dynamics NASSCO-patented tank design, for which the American Bureau of Shipping (ABS) and Lloyd’s Register had issued Approval in Principle (AiP) several years prior, Braemar engineered a new and improved containment system that meets the demands of LNG storage in marine, offshore and onshore applications.
New Projects for Boksa Marine Design
Florida based naval architecture and marine engineering firm Boksa Marine Design said it has kept bust over the past few months, with many of its 2017 projects having progressed from design and engineering phases on some and build-to-water on others. Boska provided an update on several of those projects. J&M Metalworks of Green Cove Springs, Fla. has been working on the initial phases of construction of a 140’ passenger vessel.
France Sees Quick Accord on STX, Sees Naval Deal Taking Longer
France hopes for agreement over the future of the STX France shipyards at a Franco-Italian summit on Sept. 27, but a separate deal on warship co-operation would take longer to negotiate, French Finance Minister Bruno Le Maire said on Thursday. "I would like us to have an agreement between the French and Italian governments on STX for the summit on September 27," Le Maire told reporters after a meeting with suppliers in the aerospace sector.
IMS Group Buys OceanSaver Assets
Norway’s IMS group AS announced it has signed a purchase agreement with the OceanSaver Trustee to acquire the ballast water treatment system manufacturer’s intellectual property…
Horizon Shipbuilding to 'Reorganize' Amid Insufficient Revenues
Horizon Shipbuilding announced it will reorganize amid revenues insufficient for maintaining normal operations. Lance C. “Last year, Travis R. Short, President of Horizon Shipbuilding saw an opportunity to repeat a great construction performance from 2012. Namely, an unheard of quantity of vessels in a very short period of time starting from ground zero. Hornblower (HNY Ferries) offered just this type…