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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


Bilge Water Treatment Unit Approved By LR

Lloyd’s Register has certified the first ever bolt on bilge polishing system designed to bring poorly functioning shipboard oil/water separators (OWS) into compliance with the strictest discharge requirements in the world. The Mycelx Technologies “SUB 5” Systems were awarded a LR Type Approval Certificate for being able to bring the strong oil emulsion specified by the International Maritime Organization’s (IMO) MEPC 107(49) Type C Oily Bilge Emulsion down from 3000 ppm to 0-5 ppm at flow


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.


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


FMT Orders Another Towboat from Eastern Shipbuilding

Eastern Shipbuilding Group Signs Option Contract for One Additional 90’ Inland with Towboat Florida Marine Transporters

  Eastern Shipbuilding Group, Inc. is pleased to announce that Florida Marine Transporters, Inc. of Mandeville, LA exercised another additional 90’x32’x10’ “Canal Class” Inland Towboat to the six (6) vessel program currently under contract


MEPC Makes Progress on Energy Efficiency, Emissions

The MEPC approved the Third IMO GHG Study 2014 providing updated estimates for greenhouse gas emissions from ships. (Photo courtesy of the IMO)

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from October 13-17, 2014, at IMO Headquarters in London. Third IMO GHG Study 2014 approved The MEPC approved the Third IMO GHG Study 2014 providing updated estimates


FMT Options for another Towboat from Eastern

Photo courtesy of Eastern Shipbuilding Group

Eastern Shipbuilding Group, Inc. announce that Florida Marine Transporters, Inc. of Mandeville, La. exercised another additional 90’x32’x10’ “Canal Class” Inland Towboat to the six-vessel program currently under contract


New Oil Field Found in British North Sea

Oil find

  GDF SUEZ E&P UK Ltd and BP today announced a new exploration discovery in the UK Central North Sea. The discovery, which spans GDF SUEZ operated block 30/1f (licence P1588) and BP operated block 30/1c (licence P363) was flow tested at a maximum rate of 5


Fast Repsonse Boat Sports Innovative Volvo Penta Power

Photo Credit: Peter Boyce Hunt Design

First Commercial Vessel in North America with Triple IPS and Dynamic Positioning Fort Ripley, a new offshore emergency response craft now entering service in Charleston, S.C., is reported to be the first commercial vessel in North America to be powered by triple Volvo Penta IPS drives.


Dry Bulk Drought: Asia Rates Fall

(Photo - Vale do Rio Doce)

Rates for capesize bulk carriers on key Asian routes could continue to fall next week in the absence of major charterers although lower freight rates could tempt top iron ore miners back into the market and potentially buoy rates, brokers said.


Asia-Europe Container Rates at One-Year Low

Container freight rates fell 10.2 percent on busy route; Maersk expects gradually declining rates. Freight rates for shipping containers from ports in Asia to Northern Europe fell 10.2 percent to $738 per 20-foot container (TEU) in the week ended on Friday


FMC Recovers $503,000 in Penalties

FMC_seal.JPG

Chairman Mario Cordero announced that the Federal Maritime Commission has completed compromise agreements recovering a total of $503,000 in civil penalties. The agreements were reached with five non-vessel-operating common carriers (NVOCCs)


Kinder Morgan to Add Oil Storage Capacity in Houston

Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. The $210 million project - supported by long-term contracts with existing customers - will also include the construction of a new ship dock and


Asia Dry Bulk-Capesize Fall on Cargo Woes

Rates for capesize bulk carriers on key Asian routes are again likely to fall as the volume of tonnage limits any price gains from an increase in chartering activity, brokers said. Freight rates for a voyage from Australia to China have steadily fallen since Sept


TEN Comments on Tanker Market Conditions

Photo: Tsakos Energy Navigation

Crude price drop and dollar strength benefit TEN’s bottom line materially; third quarter financial results to be announced on November 21, 2014 Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd. (TEN) said today it believes that the recent decline in TEN’s stock is


Maersk to Bump Asia-Europe Rates

File photo: a Maersk containership

Container shipping company Maersk Line, a unit of Danish conglomerate A.P. Moller-Maersk , plans to raise freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Nov 1. Rates for twenty foot equivalent unit containers (TEU) will rise by $900


New Bahamas Northwest Chart Set Upgrade

Region_9_1_nv charts.jpg

nv charts announces the release of its newly updated chart set for Region 9.1, Bahamas Northwest, including Bimini and Berry Islands, Nassau to Abaco, and Grand Bahama, for 2015/2016 in paper and digital format.   The chart set includes a CD of digital charts


Smith Brothers Chrtisten New Tug

Capt. Kenneth

Smith Brothers, Inc., Chesapeake Bay-based barge and marine equipment charter company, recently added the tug Capt. Kenneth to its fleet of inland and truckable tugs. With the 99-year-old namesake looking on alongside his son, Jeffrey Smith, company president


New Standard for LNG Cargo Containment Systems

Ti Group provided the insulation systems for six Sayaendo-design 150,000 cubic meter capacity LNG carriers under construction at Mitsubishi Heavy Industries in Japan for NYK/MOL and K-Line.

Wilhelmsen Technical Solutions (WTS) said it has successfully completing the gas trial for the first LNG carrier built to a Boil Off Rate (BOR) of 0.08% per day.  WTS subsidiary company Ti Group completed the test on the LNG carrier Seishu Maru






 
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