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Rates Set

NCL First with Onboard Cell Service

NCL Corporation will be the first cruise line to bring passengers on North American cruises the ability to use their cell phones even when communications towers are oceans away. The company is providing the innovative new offering through Wireless Maritime Services, a joint venture of AT&T Wireless and Maritime Telecommunications Network (MTN). Leading the way in shipboard technology, NCL pioneered the industry's first Internet access on the high seas with its Internet cafe in 1999. In 2002, NCL became the first cruise line to provide remote wireless Internet (also known as Wi-Fi) to its guests. Both services are now standard throughout NCL's entire fleet. "Cutting-edge onboard technology is important to our guests," said Colin Veitch, NCL's president and CEO. "While we recognize that some guests traveling with us choose to disconnect, others need to stay connected to loved ones or business associates in order to get away - it's just another choice offered to our guests as part of the Freestyle Cruising experience." The new technology is expected to be introduced on the Norwegian Sun as soon as next month and could be available fleet-wide within a year. The offering combines satellite and wireless services, enabling passengers to make and receive calls on their own cell phones with their own phone numbers while in international waters.


CAT 3500 D-F Gensets Power Rio Fast Ferries

Fast ferry for Rio Olympics: Photo courtesy of Cat Marine

Caterpillar Marine with Cat Dealer Pon Power are pleased to announce the first Cat 3512C marine generator sets with Dynamic Gas Blending (DGB) have been selected to power Assessoria Transporte Aquaviaro fast ferries for the 2016 Olympics in Rio de Janeiro, Brazil. A total of 28 Cat generator sets will be installed on 7 aluminum-hull fast ferries, with 14x Cat 3512 generator sets and 14x Cat 9 generator sets providing prime and auxiliary power


Container Ship Charter Rates Seen Surging In 2001

Container ship charter rates are reportedly set to recover from their current depression by 2001, according to shipping analysts.


Panamax Rates Firmer

Panamax freight rates in the Atlantic were firmer March 13 and may edge up further due to a seasonal boost, brokers said. They said the market was seeing steady increases and that fixtures for Panamax voyage charters had risen slightly with the timecharter sector looking better. However, the Capesize freight rate declined and has made some cautious about the sector. Brokers said the 1990-built 69,306 dwt Ispat Umang had attracted a healthy rate of $11,400 daily for prompt delivery Ghent


Ins and Outs of Tanker Spot Rate Analysis Revealed

Analysis: Image credit McQuilling Services

Marine Transport Advisors, McQuilling Services, explain important elements of their forecasting process when they develop the final forecast set out in their recent '2014-2018 Tanker Market Outlook' analysis. The Outlook is synthesized from the following six components: Quantitative Modeling Sensitivity (reference, high and  low cases) Experiential Adjustments Tonnage Supply & Demand Bias (Capacity index) Previous Outlook & Market Performance


Cat Power Solution for Teekay Offshore

Image: Caterpillar Marine

Caterpillar Marine announced that Cat power and propulsion offerings have been selected to provide complete propulsion solutions for four ocean-going towing vessels designed by Ulstein Design and Solutions. Each vessel will have four 9 M 32 C propulsion engines, rated at 4,500 bkW at 600 rpm. Also onboard each vessel will be three Cat C32 auxiliary generator sets rated at 940 ekW at 1,800 rpm as well as one Cat C9 generator set to provide emergency power


Bordelon: Growth in the Gulf

September 15, 2005 will see the addition of yet another in Bordelon Marine's growing fleet of offshore supply vessels that make their owner's leaders in the mini-supply and mega-mini supply class of vessels. With hefty day rates and diverse requirements in the Gulf of Mexico oil fields, Bordelon has been developing its fleet to provide these vessels that are smaller than the standard OSV, but large enough to meet their clients' needs at more competitive rates than the big boats have to charge


Four Shipping Companies Upgraded By ING

It looks as though the notoriously cyclical shipping sector is heading back up the mountain, as last week one of the world's prestigious financial firms stamped four companies with an investment ratings uprade. ING Barings last Wednesday raised its ratings on four shipping companies to strong buy from buy. Analyst Stephen Gengaro raised his ratings on shares of Frontline Ltd., OMI Corp., Overseas Shipping Group and Teekay Shipping.


Enhanced Direct Reading Flow Meters

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Aalborg Instruments has announced the introduction of Direct Reading Scales for Models P, S and T Flow Meters. Direct Reading flow tube scales are designed exclusively for a specific gas or liquid at a given temperature and pressure valid only for the associated units of flow. Easy to read flow rates for a specified set of parameters are clearly indicated in specific engineering units, such as mL/min or scfh. The inconvenience of having to use correlating tables and graphs to determine


Container Carriers Set Reliability Record

(Source: Drewry)

Container service reliability reached a new high in the final quarter of 2011 with an on-time average of 69% across all the trades covered by Drewry’s Schedule Reliability Insight report, just published. The latest result was up by 6 percentage points over the previous quarter, meaning that schedule reliability has improved for three consecutive quarters, a feat only equalled once before between 4Q08 and 2Q09. Despite the positive results


Maersk Line to Increase Asia-Europe Rates

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Maersk Line, part of Denmark's A. P. Moller-Maersk, plans to increase shipping freight rates for transporting containers from ports in Asia to Northern Europe by $400 per 20-foot container (TEU) from Feb. 1, it said on Tuesday. Rates on the route, the world's busiest for container shipping


New YANMAR EPA Tier III Engine

(Image: Yanmar)

YANMAR America introduced its new EPA Tier III compliant commercial marine diesel engine. Rated at 755 mHP and 1,900 rpm, the new 20.38-liter 6AYAM-ET uses a full mechanical control system. The class-approved four-cycle, in-line six-cylinder 6AYAM-ET offers low fuel consumption and a continuous


Jeffersonville Port Sets Cargo Record in 2014

Port of Indiana-Jeffersonville (Picture by: Ports of Indiana)

The Port of Indiana - Jeffersonville handled over 2.4 million tons of cargo in 2014, up 48 percent from the previous year, according to a news release from the port. This was the first time annual shipments exceeded two million tons in the port’s 29-year history. 


Tohoku Electric's LNG Buy Sets Asian Spot Level

Japanese utility Tohoku Electric has purchased an LNG cargo for delivery in the third week of March at a price in the low $7 per million British thermal unit (mmBtu) range, pushing Asian benchmark spot LNG prices lower, traders said. Tohoku's tender to buy one cargo closed this week


Traders Book Oil Tankers to Store 25m Barrels at Sea

Some of the world's biggest oil traders have booked supertankers to store at least 25 million barrels at sea in recent days, seeking to take advantage of the crash in crude prices and make a profit down the line. Floating storage levels are expected to increase further in coming weeks as


Record Breaking Cruise Liner Season Ahead for Orkney

Image courtesy: Orkney Islands Council

Orkney is set for a multimillion pound tourism bonanza with a record-breaking year of cruise liners due to visit. The number of cruise ships visiting Orkney will top the 80 mark for the first time this year, says a Orkney Islands Council press release.  


Containers Profit Up Thanks to Low Slot Cost

Image courtesy: Maersk

In spite of record vessel deliveries the container shipping profitability is expected to improve in 2015, driven by lower unit costs. The global fleet is expected to grow 7.2% in 2015, a faster pace than demand which is forecast to expand at a more modest 5.3%.   


Falling Oil Prices Help Boost Braemar Revenues

Image: Braemar Shipping

Braemar Shipping Services said its ship broking division saw an improvement in its performance during the last quarter. The merger in July with smaller rival ACM Shipping also came in as shot in the arm. A strong dollar and weak oil prices are good for business, too, and freight rates


New Survey Vessel Due for Liverpool

Bibby Athena (Photo: Osiris Projects)

Bibby Athena, the latest custom-build vessel from Osiris Projects, is due to arrive in the U.K. in the next few days.   Built by French shipbuilders Socarenam, the vessel was constructed to the same specifications as the company's Semi-SWATH catamaran, Bibby Tethra, launched in 2011.


Rate Restoration by SCI on Europe Trade

SCI Logo

  To continue to operate the Services with high level of  reliability, proficiency and meet expectations of the Customers, The  Shipping  Corporation of  India  Ltd., announces Rate Restoration on its Indian Subcontinent to Europe Services viz


China, Japan Hold Third Maritime Talks

Foreign Ministry spokeswoman Hua Chunying (Image by Ministry of Foreign Affairs, China)

China's Foreign Ministry confirmed the third round of high-level consultations on maritime affairs between China and Japan, China's Foreign Ministry spokeswoman Hua Chunying said on Wednesday.  The talks, held between officials from both countries' foreign ministries


Dry Bulk Shipping Group CMB Expects Volatile 2015

Belgian dry bulk shipping group CMB on Thursday said markets would remain volatile after a disappointing 2014 in which falling commodity prices reduced stock building by clients.   The group added that freight rates would come to a sustainable level once overcapacity in the shipping market


Tanker Firms Eye US Listings as Market Rebounds

Photo courtesy of Euronav

Inspired by an upturn in shipping markets after one of the worst sector downturns on record, a batch of oil tanker companies are looking to raise capital through U.S. listings.   While crude prices have fallen more than 50 percent since June, tanker prospects have brightened


Maran Orders 4 LNGCs from DSME

Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) will build four large Liquefied Natural Gas Carriers (LNGC) for Maran Gas.   The four LNGCs are expected to be delivered between 2017 and 2019 and will be built with the NO96-GW technology


Tighter Supertanker Market Impacts Asian Fuel Supplies

The window to sell Western fuel oil to Asia is starting to close as demand for a limited fleet of supertankers to store cheap crude pushes freight rates to multi-month highs, shipping and trade sources said. Crude prices have fallen nearly 60 percent since June and






 
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