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Transportation Work News

26 Oct 2022

Insights from the 50th International Congress of Maritime Museums

Oslo Norway - October 19, 2019: Viking drakkar in the Viking Museum in Oslo Norway. Copyright warasit/AdobeStock

For many, the ocean is life. It provides transportation, work, commerce, food, recreation—tales as old as time and shared by people across the globe. These stories are lived day to day, passed down between generations, and shared with the public through various media. Maritime museums assume responsibility to share these histories while honoring the communities shaped ocean exploration and commerce. In a decade where ocean health and climatic events have become a primary focus…

02 Dec 2019

KCC Names MV Barracuda

Norway-based shipowner Klaveness Combination Carriers (KCC) has named its second CLEANBU vessel, MV Barracuda, after it completed a first switch between dry cargo and a cargo of clean petroleum products (CPP).MV Barracuda was named at anchorage outside Singapore by Ms. Su Yin Anand, head of Legal at South32 Marketing Singapore, one of KCC’s largest customers.As all the other CLEANBU vessels, MV Barracuda was named after a “sea creature” to show KCC’s commitment to clean oceans and KCC’s ambition be a driving force to improve the environmental footprint of deep-sea tanker and dry bulk shipping.The naming ceremony was made after MV Barracuda…

25 Nov 2019

Tanker Upswing Continues, Says NAT

Bermuda-based international tanker company Nordic American Tanker (NAT) said that it has  the strongest tanker market that it has seen in decades.In NAT fleet of 23 suezmaxes, 21 are in the short term market, providing immediate benefit for nat. The fourth quarter is building a strong momentum for 2020."We expect this to continue. Political frictions often lead to a stronger tanker market," said the company.About 70% of the spot trading days of our fleet for 4Q19 have been booked at an average TCE of $34,000/day. Spot rates are continuing its upward momentum.The Time Charter equivalent (TCE) for our ships for the third quarter came in at $15…

23 Aug 2019

Klaveness' CLEANBU Switch from Wet to Dry Cargo

Norway-based shipowner Klaveness Combination Carriers (KCC) has undertaken a wet-dry cargo switch, marking a first for one of its CLEANBU combination carriers.The vessel transported a full cargo of petroleum products (CPP) from India to Argentina, said the global owner and operator of combination carriers.After discharging the CPP, she completed the cleaning and conversion from tanker mode to dry bulk mode, loaded a grain cargo and is now enroute back to Asia. Strong cleaning capabilities with cleaning result available for online inspection on new digital application.After discharging of CPP, MV Baru successfully completed cleaning and conversion from tanker mode (as a LR1-tanker) to dry bulk mode (as a Kamsarmax bulk carrier).

05 Jun 2018

ABB Ability Lands Deal for Nine Heavy Lift Vessels

Photo courtesy of ABB

ABB Ability Marine Advisory System – OCTOPUS marine software will map the safest and most efficient routes for a fleet of heavy lift vessels servicing the expansion of a giant oil field in Kazakhstan.ABB has secured a series of contracts for nine heavy lift vessels transporting modules for the Tengiz oil field expansion by Tengizchevroil (TCO). OCTOPUS will enhance the safety and efficiency of the heavy-lift vessels carrying out the transportation work by indicating the optimal route based on weather and forecasted vessel motions.TCO has contracted China’s biggest shipping company…

10 Feb 2014

Is NAT Approaching Recovery?

Nordic American Tankers (NAT) published its financial results from 4Q 2013, noting an expected increase in tanker rates that the company expects to play a role in its recovery. In early December 2013 the Suezmax tanker rates increased significantly compared with the average for 2013. A few weeks into 2014 the rates have weakened again. We expect improved results in 1Q 2014. The timecharter results of NAT were slightly lower in 4Q 2013 than in 3Q 2013. Short term rates in the tanker market are very volatile.

10 Dec 2013

Nordic American Tankers Letter to Shareholders

Nordic American Tankers Limited (NAT) Chairman and CEO, Herbjorn Hansson, Issued a letter to shareholders addressing the yearend rally in the crude tanker market and strongly increased rates. As we approach the end of the year, I would like to share with you some thoughts on recent events. The best suezmax tanker rates for a year or two are with us now. For each day passing by, we come closer to stable improved conditions. These last few months have been a busy and exciting time for us. We have established a new company, Nordic American Offshore Ltd. (NAO), where NAT is the largest shareholder. The fourth quarter started quite slowly, while the tanker market for crude oil has strengthened considerably during the last few weeks.

15 May 2003

Ferry Passengers Tally in at 854M

In its annual compilation over world-wide ferry transportation, Swedish-based ShipPax Information registered 854,668,842 passengers within 2002, as well as 149,489,122 cars, 815,322 buses and 22,768,383 trailers. This volume was transported on 4,342,013 trips. It virtually means that every eighth second a ferry is leaving or entering a port, and each hour, 97,500 passengers are boarding a ferry. Still, the numbers can not be complete as long as volumes are not reported from every corner of the world. Therefore, the total transportation work of the ferry industry can only be estimated at way above 1 billion passengers. As such, however, passenger shipping probably would more than equal all airline passenger figures. In addition, passenger vessels also carry a substantial number of vehicles.