Dali Incident Could Be Largest Ever Single Marine Insurance Loss
Britannia, the insurer of container ship the Dali, is working with the vessel's owner and U.S. authorities on the investigation into the collapse of Baltimore's Francis Scott Key Bridge, the insurer said on Thursday.The bridge collapsed on Tuesday after the Dali suffered a power outage and struck a pylon, causing huge disruption in the port."We are working closely with the vessel's owner and manager and the relevant U.S. authorities as part of the investigation into the casualty…
Sima Christens New Crew Tender Vessel
Maaskade Group's Sima Charters has christened its latest newbuild crew tender vessel in the Netherlands.The high-speed aluminum monohull vessel, SC Ruby, was built by Neptune Marine.The 23-meter-long vessel is equipped with triple Volvo Penta IPS 1050 propulsion and features a Seakeeper gyrostabilization system for increased workability.
Lawsuits Over Baltimore Bridge Collapse Likely
The owner, operator and charterer of the container ship that struck Baltimore’s Francis Scott Key Bridge on Tuesday are likely to face lawsuits over its collapse and the people killed or injured, but legal experts say U.S. maritime law could limit the companies’ liability.U.S. laws pertaining to open-water navigation and shipping, which are created through court decisions and by acts of Congress, could restrict the kinds of lawsuits filed against the registered owner of the Singapore-flagged ship…
Brazilian Built Submarine with French Tech Launched
The presidents of France and Brazil on Wednesday launched a submarine built in the South American country with French technology in a program that aims to build Brazil's first nuclear-powered submarine by the end of the decade.Presidents Emmanuel Macron and Luiz Inacio Lula da Silva attended a ceremony in the Itaguai shipyard near Rio de Janeiro, launching the third diesel-powered submarine built in a $10 billion partnership.Brazil first lady Janja da Silva smashed a champagne…
New England Offshore Wind Auction Draws Multiple Bidders
Several offshore wind developers bid in a combined Connecticut-Massachusetts-Rhode Island offshore wind solicitation on Wednesday, including units of European energy firms Iberdrola and Orsted.The U.S. offshore wind industry is booming so far this year, with several projects in various stages of development and construction, after a disastrous 2023 of developers cancelling contracts and taking roughly $9.1 billion in write-offs and impairments on U.S. projects.So far, Avangrid…
Insurers Brace for Multibillion Dollar Losses After Baltimore Ship Tragedy
Baltimore's Francis Scott Key Bridge collapse could cost insurers several billions of dollars in claims, sources say, but it is too early to calculate the likely full financial losses of the tragedy that has shuttered one of the busiest ports in the United States.Six peopleare still missing after a collision with a Singapore-flagged container ship destroyed the landmark bridge on Tuesday, forcing the closure of the Port of Baltimore.With little clarity on when the port would re-open, insurers and analysts are now assessing the likely losses borne by underwriters across several product lines in
Austal Vietnam to Build RoPax Vessel for The Degage Group
Austal Limited announced Austal Vietnam has been awarded a contract to design and construct a 71-meter roll-on-roll-off (RORO) passenger cargo vessel for The Degage Group of French Polynesia.The new steel monohull ferry design includes an aluminium superstructure accommodating up to 140 seated passengers and 17 crew, and features a main cargo deck area of 494 square meters; capable of transporting a combination of 10- and 20-foot containers, palletized cargo and vehicles.With a cruising speed of 12 knots and a range of 1…
Aloha Marine Lines Launches New Barge Built by Gunderson
Aloha Marine Lines has added a new barge to its fleet to serve customers in the Seattle to Hawaii trade lane.The Makani Loa was constructed at Gunderson Marine & Iron in Portland, Ore., and launched on March 2 as a sister to the Kamakani and Namakani, which were added to the Aloha fleet in 2020. Together, they represent Aloha Marine Lines’ family of Makani Class barges that will continue to maintain regular, bi-weekly barge service between Seattle and Hawaii.Designed by Hockema Group, Inc., the Makani Class barges are 438 feet long, 105 feet wide with a deadweight capacity of 16,900 tons.
St. Johns Ship Building to Build Six Deck Barges for Seapath
St. Johns Ship Building on Wednesday announced it has signed a contract with Seapath for construction of a series of six ABS deck barges in support of their Jones Act leasing business.The barges will be built at St Johns Ship Building’s facility in Palatka, Fla. and will be dispatched to multiple charterers along the US East Coast.Seapath is a subsidiary of the Libra Group, which is also parent to St. Johns’ holding company, Americraft Marine Group.Joshua Lubarsky, CEO of Seapath, said, “Domestic maritime transportation is the backbone of the US transportation system.
Baltimore Bridge Port Blockade Won't Trigger New Supply Chain Crisis, Experts Say
The catastrophic bridge collapse that closed the Port of Baltimore to ship traffic is unlikely to trigger a major new U.S. supply chain crisis or spike goods prices, due to ample and growing spare capacity at competing East Coast ports, economists and logistics experts say.With six people still missing after a container ship collision destroyed the Francis Scott Key Bridge, it remained unclear how long the span's twisted superstructure would block the harbor's mouth.But port officials…
Strategic Marine to Build CTV for Polish Offshore Wind Industry
LOTOS Petrobaltic, an ORLEN Group company, signed a contract for the construction of a Crew Transfer Vessel (CTV) with Singapore-based Strategic Marine, set for service in the Polish offshore wind market.The StratCat 27 CTV is scheduled to be completed this summer, with delivery to Europe planned for early September 2024.This CTV will join the existing fleet managed by Miliana Shipmanagement Limited, a company belonging to the LOTOS Petrobaltic capital group, which owns five offshore…
Bridge Collapse Freezes Ship Traffic in Port of Baltimore
Ships sailing to the U.S. port of Baltimore dropped anchor in waters nearby while vessels were stranded inside the port after traffic was halted following a bridge collapse, shipping data showed on Tuesday.A 948-foot container ship smashed into a four-lane bridge in the port in darkness early on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Port traffic was suspended until further notice, Maryland transportation authorities said.At least 13 vessels that were expected to load coal were anchored near to Baltimore port…
Carnival Orders Excel-class Cruise Ship
Fresh on the heels of its first newbuild order in five years, the world's largest cruise company has placed an order for an additional vessel.U.S.-based Carnival Corporation on Tuesday announced it has signed an agreement with German shipbuilder Meyer Werft to build an Excel-class cruise ship for its Carnival Cruise Line brand for expected delivery in 2028.The ship will be the 11th Excel-class ship for the corporation's fleet across four of its brands, and the fifth to be sailed by Carnival Cruise Line.
Automakers Reroute Shipments After Baltimore Bridge Collapse
U.S. automakers General Motors and Ford will reroute affected shipments after a bridge collapse in the U.S. shuttered the Port of Baltimore, but the companies said on Tuesday the impact will be minimal."We expect the situation to have minimal impact to our operations. We are working to re-route any vehicle shipments to other ports," GM said in a statement.The Port of Baltimore is the busiest U.S. port for car shipments, handling at least 750,000 vehicles in 2023, according to data from the Maryland Port Administration.
Shipping Industry Faces Fuel Dilemma in Bid to Cut Emissions
The shipping industry is under increasing pressure to decarbonize, but unclear regulatory guidelines, including around what sorts of cleaner fuels large vessels should run, is complicating that path to net zero, according to executives.Global shipping firms are looking for ways to lower their carbon footprints, particularly as the International Maritime Organization (IMO), which regulates the global shipping industry, is being pushed to implement a charge on the sector's greenhouse gas emissions.The IMO's Maritime Environment Protection Committee concluded its 81st meeting last week…
Leadership Profile: Tor Svanes and NAVTOR's Quest to Transform Shipping
Compliance, performance, profitability, sustainability; take the biggest ‘pain points’ for almost any shipping company and watch NAVTOR’s digital ecosystem work wonders. Here Tor Svanes, Founder and CEO, explains how NAVTOR has grown to lead the smart shipping world, why the recent merger with Voyager Worldwide was so critical, and how he hopes to help steer the industry towards brighter, simpler, and more intelligent horizons.“The morning of the announcement I got a text from the boss of one of our biggest competitors…
Cargo Ship Lost Power Before Slamming Bridge in Baltimore
A massive cargo ship smashed into a bridge while sailing out of Baltimore early on Tuesday, sending cars and people into the river below and closing one of the busiest ports on the U.S. Eastern Seaboard.Rescuers pulled out two survivors, one of whom was hospitalized, and searched for more in the Patapsco River after huge metal spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the icy water around 1:30 a.m. (0530 GMT).The ship reported a power issue before impact…
Baltimore Bridge Collision Sends Vehicles Tumbling Into Water
A container ship smashed into a four-lane bridge in the U.S. port of Baltimore in darkness on Tuesday, causing it to collapse and sending cars and people plunging into the river below.Rescuers pulled out two survivors, one in a "very serious condition," and were searching for more in the Patapsco River after huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.The ship "lost propulsion" as it was leaving port, and crew on board notified Maryland officials they had lost control of the vessel, ABC News reported, citing an unclassified U.S.
LiveStream: Rescuers Search Water for Survivors After Ship Collides with Baltimore Bridge
A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday after being struck by a container ship, plunging cars and as many as 20 people into the river below.Rescuers were searching for survivors in the Patapsco Riverafter huge spans of the 1.6-mile (2.57 km) Francis Scott Key Bridge crumpled into the water.As many as 20 people could be in the river along with "numerous vehicles, and possibly a tractor-trailer or a vehicle as large as a tractor-trailer…
Ship That Collided with Baltimore Bridge Was Chartered by Maersk
The Dali container vessel that collided on Tuesday with a bridge in Baltimore was chartered by shipping company Maersk at the time of the accident, the Danish company said in a statement."We are horrified by what has happened in Baltimore, and our thoughts are with all of those affected," Maersk said.The Dali was set to depart Baltimore early on Tuesday and arrive at Colombo on April 22, according to a schedule on Maersk's website.The vessel is owned by Singapore's Grace Ocean Pte and managed by Synergy Marine Group, according to LSEG data.(Reuters - Reporting by Terje Solsvik and Louise Rasmu
Roll Group Cuts Steel on Roll Barge One
Roll Group has cut steel for its latest addition, Roll Barge One, in Batam, Indonesia. Scheduled for delivery by ASL Yards in the third quarter of 2024, this marks Roll Group's entry into the barge market with its own assets."This is a new milestone in the history of our company," said Peter Rondhuis, CEO of Roll Group. "By entering the barge market with our own assets, where we have been servicing our clients so far with rented barges, we're aligning with our strategic vision. Roll Barge One represents the first of many we plan to build.
Houthis Say Six Ships Attacked in Past 72 Hours
Yemen's Houthis said on Tuesday that they had mounted six attacks on ships with drones and missiles in the last 72 hours in the Gulf of Aden and the Red Sea.The Houthis attacked the Maersk Saratoga, APL Detroit, Huang Pu and Pretty Lady after identifying them as either U.S.
Baltimore's Key Bridge Collapses After Ship Crash
The 1.6-mile (2.57 km) long Francis Scott Key Bridge in Baltimore, Maryland, collapsed in the early hours of Tuesday after a container ship hit it, and as many as seven people may be in the water, officials said.A live video posted on YouTube showed a ship hitting the bridge, after which several of its spans collapsed into the Patapsco River. Unverified videos posted on social media X also showed the impact and collapse. Reuters could not immediately verify the videos.The Baltimore City Fire Department described the collapse as a mass-casualty incident…