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Moves Ahead

NCL Halves Cruise Ship Order

According to a Reuters report, Star Cruises unit Norwegian Cruise Line (NCL) has cancelled its order for a second F3 cruise ship from shipbuilding group STX Europe, but will move ahead with the first order, STX said on Dec. 18. This 150,000 ton F3 cruise ship, which will be built by STX Europe's French shipyard, will carry a total of 4,200 passenger. Delivery is expected in late May 2010, as originally scheduled. (Source: Reuters)


When It Comes to Shipping, Norway Forks in the Road

Representing the new owners of Norwegian shipping company Bergesen, Andreas Sohmen-Pao delivered a clear message in his well received speech at the Annual Meeting of the NSA Tank and Bulkship Group last week. Sohmen-Pao told industry members, which had turned out in record numbers, that he thought Norway was at a crossroads when it came to shipping. Politicians had to decide whether to give the shipping industry equal treatment with that enjoyed by competitors internationally


S. Korea Readies Viking Anti-submarine Planes

Image: Fas.org

 South Korea is moving ahead to introduce refurbished S-3 Viking anti-submarine warfare (ASW) planes to counter threats from North Korea, Yonhap reported quoting a military source.   The proposal to incorporate 12 former U.S. Navy Vikings into service was approved late last month by a military program review group,  say sources.   The latest development comes after the Navy proposed taking over 20 Vikings that have been kept in storage since 2009 to shore up the


MOL to Scrap 5 Double Hull Tankers

Mitsui O.S.K. Lines, Ltd. has decided to scrap five double-hull tankers (four VLCCs, one Suezmax) by the end of March 2012. Scrapping of two vessels is already completed, and preparations are under way to start dismantling the other three. All five tankers were crude carriers launched before 1998. MOL, as one of the world’s leading crude oil transport operators, is moving ahead to rejuvenate its fleet, upgrade the quality of its services, and solidify its position in the market


Aker Arctic Brings Oblique Ice Breaker to Market

Aker ARC 100 HD.tif

With construction underway on the first ever Oblique Icebreaker, research specialist Aker Arctic Technology  has unveiled a new version of the vessel type that will bring ice management and pollution control in thick first year ice to a new level.   The first ARC 100  is due delivery to the Russian Ministry of Transport in early 2014, after a collaborative build involving Kaliningrad’s OJSC Yantar and Helsinki’s Arctech yards


Rochford Lauds Decision to Move Ahead on Channel Deepening Project

Governors Ed Rendell and Jon Corzine are to be commended for reaching an agreement to move forward on the Delaware River Main Channel (45-ft.) Deepening Project. This accomplishment is expected to propel regional port development and allow all Delaware River port facilities to competitively attract the emerging class of larger cargo vessels. Because of growing congestion problems experienced by West Coast ports, the reality today is that ocean carriers operating in the trans-pacific route


IRClass Sets up Advisory Committee in Singapore

IRClass Sg Advisory Committee

  The Indian Register of Shipping (IRClass) held the first meeting of its Advisory Committee in Singapore. The purpose of the committee, which draws members from Singapore’s leading maritime and offshore companies, is to give expert guidance to IRClass in strengthening its relationship with the Lion Republic’s maritime cluster and across South East Asia. “In our forty years, we have achieved considerable success among Indian shipowners and have recently become a


Maritime Workforce Dev Act Passes House

Congressman Elijah E. Cummings praised the passage of the Maritime Workforce Development Act, H.R. 2651. The bill passed on a voice vote, with more than two-thirds of the House voting in favor. Congressman Cummings wrote this legislation to address the education and training needs of our nation’s merchant mariners. H.R. 2651 amends Title 46 of the United States Code, directing the Secretary of Transportation to establish a student loan program to attract the next generation of workers


Port Reception In Basel

Port of Hamburg.bmp

In cooperation with the Propeller Club Basel, Port of Hamburg Marketing (HHM) hosted a port soiree for representatives of the transport and logistics sector in northern Switzerland on 12 April 2011. A total of 160 guests, including 20 from Hamburg and its metropolitan region, accepted the invitation to attend this event at the Hotel Mercure Europe Basel, where they were welcomed by Mr Thomas W.Rickli, President of the Propeller Club Basel, and Jürgen Behrens


Ghana-Ivory Coast Maritime Dispute Mar Tullow

Image: Tullow Oil plc

 A dispute over maritime boundaries between Ghana and Ivory Coast is damaging Tullow Oil, which risks postponement of its TEN project in the waters off Ghana's coastline.    The government of Côte d’Ivoire has applied for provisional measures, asking the International Tribunal of the Law of the Sea (ITLOS) to stop Tullow oil and other oil companies from exploring and exploiting oil in the disputed area between Ghana and that country.    


Maersk to Split Into Two Divisions

Photo: Maersk Line

 It's oficial now. Danish conglomerate A.P. Moeller-Maersk A/S said Thursday it is splitting into two separate units - transport and energy businesses.   Denmark’s biggest company moves ahead with an historic shake-up of the conglomerate to generate growth


Russia: We Will Respond to Entry of US Navy Ship into Black Sea

USS Porter (DDG 78) departs Souda Bay, Greece following a brief port visit June 5, 2016. Porter is conducting a patrol in the U.S. 6th Fleet area of operations in support of U.S. national security interests in Europe. (U.S. Navy Photo by Heather Judkins)

The Russian Foreign ministry said Moscow would respond to a U.S. naval ship's entry into the Black Sea with unspecified measures, saying it and other deployments were designed to ratchet up tensions ahead of a NATO summit, the RIA news agency reported.  


Portugal PM Warns Lisbon Dock Workers to End Strike

Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports. Lisbon is Portugal's second largest port and the dock workers have warned they would continue their stoppage until June 16 if


Sovcomflot IPO Soon

SCF Baltica Photo: PAO Sovcomflot

 The long-awaited initial public offering (IPO) of Sovcomflot, which runs one of the world’s largest tanker and gas carrier fleets, has moved a step closer.    Economy minister Alexei Ulyukayev was quoted by local Russian news agencies as saying that the government might get


SC Ports See Container Volume Uptick

The South Carolina Ports Authority (SCPA) reported a 2.8 percent increase in 20 foot-equivalent unit (TEU) volume fiscal year to date, handling 1.6 million TEUs since July 2015.   SCPA said it moved 157,959 TEUs in April, bringing SCPA's calendar year-to-date container volume to 631,753 TEUs


SC Ports Box Volume Up 4.4%

Logo

South Carolina Ports Authority reported fiscal year-over-year growth through February, with 4.4 percent gains in container volume since the 2016 fiscal year began in July.   SCPA handled 157,962 twenty foot-equivalent units (TEUs) in February, an increase of 3.3 percent over February 2015


Low Bunker Prices to Support Tanker Earnings

Image: Hamilton Energy

 Lower oil prices performed wonders for the tanker market in 2015, says  Drewry Maritime Research. Tonnage demand surged and oil trade expanded because of high consumption demand and increased stocking activity.    Tonnage supply was also kept in check as the contango in oil


APM Terminals Wraps Up TCB Acquisition

TCB Barcelona container terminal photo APM

APM Terminals has completed the USD 1 billion acquisition of Spanish Grup Maritim TCB’s port and rail interests. APM Terminals has yet to receive approval for three of 11 terminals under Grup Maritim TCB, but has decided to move ahead with the acquisition


Italian Shipbuilding: Cruising on the Crest of a Wave

 Monfalcone Shipyard. (Photo Courtesy FINCANTIERI)

Traditionally, Italy’s location and coastal development have continued to ensure the country a flow of income from its role as a strategic European hub in what has come to be known as the new “maritime century.” The country boasts of having the largest ferry fleet


Container Volumes Up at South Carolina Ports

South Carolina Ports Authority (SCPA) reported a nearly five percent increase in container volume since its fiscal year began in July.   SCPA moved 145,092 twenty-foot equivalent units (TEU) in January. Fiscal year-to-date volumes reached 1.12 million TEUs last month, an increase from 1


Searching for a Better Way

Paine

Financing the Municipal, Tax-Exempt Workboat Sector. Poring over any of the many marine publications that seemingly arrive daily in your mailbox or inbox, you can get an idea of the depth and breadth of the current state of U.S. commercial marine vessel shipbuilding


NOIA Praises Effort to Lift Crude Oil Export Ban

NOIA applauds Congressional action to lift ban on crude oil export, urges progress on proposed offshore well control rule   Today, Congress passed the Omnibus Appropriations bill, H.R. 2029, which includes a provision lifting the existing U.S. crude oil export ban. U.S


MOL Subsidiary to Build Ro-Pax Ferries

Ro-Pax(roll onroll off passenger)ferries.

  Mitsui O.S.K. Lines, Ltd. announced that its group company Ferry Sunflower Limited is moving ahead with plans to construct two large-scale Ro-Pax (roll on/roll off passenger) ferries. The newbuilding ferries will be delivered in March and June of 2018 as replacements for the Sunflower


South Carolina Container Volume Up 7%

New economic study attributes 1 in 12 Midlands jobs to Port operations   The South Carolina Ports Authority announced a fiscal year-to-date container volume increase of seven percent, with 678,033 twenty-foot equivalent units (TEUs) handled since July.  


NJ Offshore Wind Lease Sale Moves Ahead

Offshore Wind Photo TKPL

  As part of President Obama’s comprehensive Climate Action Plan to create American jobs, develop domestic clean energy resources and cut carbon pollution, the Interior Department’s Bureau of Ocean Energy Management (BOEM) yesterday held the nation’s fifth competitive lease






 
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