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Friday, April 19, 2024
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Voyages News

19 Apr 2024

Fincantieri Delivers Cruise Ship Queen Anne to Cunard

Queen Anne (Photo: Cunard)

Carnival Corporation's Cunard cruise line announced it has taken delivery of its newest cruise ship, Queen Anne, from Italian shipbuilding group Fincantieri.The newbuild was officially handed over on Friday during a ceremony at the Fincantieri Marghera shipyard in Venice. The 114,000-ton ship spans 14 decks and has capacity for up to 3,000 passengers.Queen Anne, the 249th ship to sail under the Cunard flag – and the third built by Fincantieri – will now set sail for Southampton ahead of her seven-night maiden voyage to Lisbon on May 3. She will arrive in her homeport on April 27.

12 Apr 2024

CY Shipping and BigLift Shipping Order Two New HTVs from Chinese Shipyard

BC-Class heavy lift vessels (Credit: BigLift Shipping/CY Shipping)

Partners CY Shipping and BigLift Shipping have ordered two new heavy transport vessels (HTVs), increasing their HTV fleet to six vessels.The first vessel, owned by CY Shipping will be delivered in the fourth quarter of 2025, while the second vessel, owned by BigLift Shipping, is schedule for delivery in second quarter of 2026.Newbuilding contracts for the two new HTVs have been signed with Jing Jiang Nanyang Shipbuilding in China. The vessels, jointly designed by CY Shipping and BigLift Shipping…

11 Apr 2024

JSI Alliance Completes Scope of Work in Basrah Refinery Upgrading Project

Source: JSI Alliance

On 11 March, MV Svenja discharged her cargo of nine modules, marking the completion of the JSI Alliance’s scope of work in the Basrah Refinery Upgrading Project in Iraq for JGC Corporation.The Alliance dedicated two vessels to the project: the Jumbo Kinetic with her two 1,500t cranes, and the MV Svenja with two 1,000t cranes. Together, the vessels undertook transport of 84 modules using JCG's specially designed lifting frame. The two vessels were selected due to their having the required capabilities for lifting and transporting the modules…

10 Apr 2024

Red Sea Crisis Forces Operators to Use More Containerships, Adding to Emission Concerns

© eyewave / Adobe Stock

The shipping industry's pledge to limit its carbon footprint may suffer a setback as the current Red Sea crisis prompts it to use more vessels and take longer routes to ensure the smooth sailing of global maritime trade.Iranian-backed Houthi militants' attacks on vessels passing through the southern Red Sea have choked trade through the Suez Canal, driving many container shipping companies to add 10-14 days to the voyages between Asia and Europe and add more vessels.The disruption…

01 Apr 2024

Australia Working to Reassure Indonesia Over Cattle Deaths

© 169169 / Adobe Stock

Australia’s Department of Agriculture (DAFF) has stated that testing has returned negative results for Lumpy Skin Disease and Foot and Mouth Disease, after over 150 cattle died on a voyage to Indonesia on Vroon’s Brahman Express.Australia has received confirmation from the Indonesian authorities that the export of live cattle from a particular registered establishment in the Northern Territory has been suspended pending further investigations to determine the cause of the deaths.The department continues to investigate…

29 Mar 2024

Japanese Partners Developing Method to Assess Ship Performance in Actual Seas

© Vladimir / Adobe Stock

NYK and Japan Marine United Corporation (JMU) have joined forces to develop a method for estimating a ship’s performance in actual seas before construction is completed.The aim of the two companies is predict a vessel's performance in actual seas before the conclusion of a shipbuilding contract and aid in the reduction of GHG emissions by procuring highly fuel-efficient vessels.In conventional shipbuilding contracts, the guaranteed speed is set and agreed based on the relationship between the ship's speed and horsepower in calm waters…

26 Mar 2024

Over 100 Cattle Die on Voyage to Indonesia

Source: DAFF

Over 100 cattle have died after departing Australia on the Brahman Express. The vessel, built in 2002 and operated by Vroon, was destined for Indonesia.This is one of the highest mortality rates reported on an Australian short haul cattle shipment, states Vets Against Live Export in a blog, which notes that the mortality rate of 7.69% on the GL Kaihou’s maiden voyage in 2017 is still likely to be higher. On the GL Kaihou, 95 cattle died after the vessel’s non-slip flooring was found to be ineffective.The Australian Department of Agriculture (DAFF) stated that…

21 Mar 2024

Somali Pirates' Return Adds to Crisis for Global Shipping Companies

© Antony / Adobe Stock

As a speed boat carrying more than a dozen Somali pirates bore down on their position in the western Indian Ocean, the crew of a Bangladeshi-owned bulk carrier sent out a distress signal and called an emergency hotline.No one reached them in time. The pirates clambered aboard the Abdullah, firing warning shots and taking the captain and second officer hostage, Chief Officer Atiq Ullah Khan said in an audio message to the ship's owners."By the grace of Allah no one has been harmed so far," Khan said in the message, recorded before the pirates took the crew's phones.

20 Mar 2024

Reliance Refusing Sovcomflot Oil Shipments

© momentscatcher / Adobe Stock

India's Reliance Industries, operator of the world's biggest refining complex, will not buy Russian oil loaded on tankers operated by shipping company Sovcomflot (SCF) after recent U.S. sanctions, according to two sources familiar with the matter.The development adds to oil export problems for Russia as its oil firms may face difficulties finding ships to sell surplus oil after recent Ukrainian drone attacks on the state's refineries. Russian companies are already struggling to collect payments for oil exports due to banking restrictions.The U.S.

04 Mar 2024

War Insurers Shrug off Rubymar Sinking in Red Sea, Rates Stable

On March 2 at approximately 2:15 a.m. (Sanaa time), Rubymar, a Belize-flagged, UK-owned bulk carrier, sank in the Red Sea after being struck by an Iranian-backed Houthi anti-ship ballistic missile on Feb. 18. The ship had been slowly taking on water since the attack. (Photo: U.S. Central Command)

The cost of war risk insurance through the Red Sea remained stable on Monday despite the sinking of the Rubymar cargo ship as underwriters had already factored in the casualty after it was first hit by a missile last month, industry sources said.The cost of insuring a seven-day voyage through the Red Sea has risen by hundreds of thousands of dollars since Yemen's Iran-aligned Houthis began attacking shipping in the area in November in a show of solidarity with Palestinians in…

01 Mar 2024

Havila Voyages Announces Leadership Appointments

(Photo: Havila Voyages)

Norway's Havila Voyages announced it has appointed Mette Øyen as its new chief marketing officer and Aleksander Røynesdal has started in the role of new chief financial officer.Røynesdal was hired in December but officially entered his new role March 1. He comes from the position of COO at Norgas Carriers and has extensive experience in the finance and capital markets within the shipping and maritime transport industry.Øyen is scheduled to start in her new role on September 1, 2024.

26 Feb 2024

Many Different Vessels but One Goal – Passenger Safety

© Olivier / Adobe Stock

Because there are so many different kinds of passenger vessels, the critical topic of passenger safety can sometimes appear as a set of niche topics, each one just distantly connected to another. After all, passengers aboard a cruise ship in the Caribbean face safety issues that are much different than a commuter going from Jersey City to Manhattan or a tourist crossing from the Mukilteo, Wash. ferry terminal to Whidbey Island or a family on a fishing vessel in Miami.Importantly, though, for passenger vessel operators, a commitment to safety is not siloed.

21 Feb 2024

American Queen Voyages Up for Sale as Hornblower Gets New Majority Owner

(Credit: Hornblower Group)

A global alternative investment firm Strategic Value Partners has entered into agreement with Hornblower Group to acquire the majority ownership of the company in exchange for significant equity investment. As part of the agreement, Crestview Partners retained minority ownership in the business, and the decision was made to sell or wind down the company’s overnight cruises unit American Queen Voyages.Aside from significant minority stake in the business, Crestview will become the sole owner of Journey Beyond…

14 Feb 2024

Oil Production, Chinese Buying Buoys Brazil Crude Exports 19%

Chart courtesy BIMCO

“The reshaping of global crude tanker markets continued in 2023. In 2022, sanctions shifted Russia’s exports from Europe to Asia while OPEC production cuts in 2023 increased the Americas’ share of exports. Brazil’s oil production increased by 12% year-on-year in 2023 while crude tanker exports rose 19%,” said Niels Rasmussen, Chief Shipping Analyst at BIMCO.According to the International Energy Agency (IEA), Brazil’s oil production reached 3.49 million barrels per day (mbpd) in 2023, up from 3.12 mbpd the year before.

13 Feb 2024

Carnival Orders Another Cruise Ship from Meyer Werft

(Photo: Meyer Werft)

German shipbuilder Meyer Werft reports it has secured an order from U.S.-based Carnival Corporation for the construction of a new cruise ship for Carnival Cruise Line. The newbuild order is the first placed by Carnival Corporation in five years.Slated for delivery in 2027, the Excel-class ship will be a sister vessel to the 183,200 GT Carnival Jubilee, which was handed over at the end of 2023."Our Excel-class ships have been a tremendous addition to the Carnival fleet and proven very popular with our guests," said Christine Duffy, president of Carnival Cruise Line.

12 Feb 2024

US Import Volumes Seen Rising Despite Red Sea Disruptions

© Anthony Sanchez / Adobe Stock

Inbound cargo volume at the United States’ major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea, according to the Global Port Tracker report released by the National Retail Federation and Hackett Associates.“Only about 12% of U.S.-bound cargo comes through the Suez Canal but the situation in the Red Sea is bringing volatility and uncertainty that are being felt around the globe,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said. “U.S.

08 Feb 2024

DNV Updates ‘Go-To Standard’ for Offshore Energy Operations

© Zacharias / Adobe Stock

DNV has published a substantial revision to the ‘go-to standard’, DNV-ST-N001, for the design and planning of marine operations for the transport, installation and removal of offshore wind farms, subsea cables and oil and gas assets.The new major changes reflect the changing nature of the offshore industry in line with its support of the energy transition, ensuring that the standard remains relevant and supports the development of cost-effective marine operations during a fast-evolving energy transition.DNV…

07 Feb 2024

Australian Welfare Organizations Call for Suspension of Live Animal Exports

Source: Animals Australia

The Australian Alliance for Animals has written an open letter to animal exporters imploring them to voluntarily suspend all live animal exports to or through the Red Sea while the risk of attack remains and to suspend any extended journeys to the Middle East via the Cape of Good Hope.The move follows the recently aborted voyage of the Bahijah. The livestock carrier sailed from Australia for Israel on January 5 but was recalled over a week into the voyage after diverting towards…

07 Feb 2024

US, UK Ship Investors Hit by Soaring Red Sea Insurance

© sandsun / Adobe Stock

War underwriters have raised the premiums they charge to U.S., British and Israeli firms by as high as 50% for ships transiting the Red Sea and some providers are avoiding such business due to targeting of the vessels by Yemen's Houthis, sources said.Attacks by the Iran-aligned Houthis since November have slowed trade between Asia and Europe and alarmed major powers. The Houthis say they are acting in solidarity with Palestinians as Israel's war against Hamas militants in Gaza…

05 Feb 2024

Up to 35 Aframax Tankers Could Switch to Carrying Cleaner Fuel -Kpler

© Vladimir / Adobe Stock

As many as 35 oil tankers that usually carry crude or fuel oil could switch to carrying cleaner products like diesel and jet fuel in the next two months as shipowners chase higher profitability, oil analytics firm Kpler said in a LinkedIn post.An LR2 (long-range 2) type tanker typically carries cargoes of about 90,000 metric tons of cleaner fuels.

01 Feb 2024

Russian Oil Flows Through Red Sea Face Lower Risks

© Carabay / Adobe Stock

Tankers carrying Russian oil have continued sailing through the Red Sea largely uninterrupted by Houthi attacks on shipping and face lower risks than competitors, according to shipping executives, analysts and flows data.Russia has become more dependent on trade through the Suez Canal and the Red Sea since it invaded Ukraine, which led to Europe imposing sanctions on Russian imports and forced Moscow to export most of its crude to China and India. Before the war, Russia exported…

01 Feb 2024

Australian Government Considering Re-Export of Livestock

Source: Michael Mondello

The Australian Department of Agriculture continues to assess an application to re-export the sheep and cattle currently loaded on the livestock carrier Bahijah.The government recalled the vessel after it diverted from the Red Sea over a week into its voyage to the Middle East. The Bahijah had loaded cattle and sheep in Fremantle, Western Australia, and departed for the Middle East on January 5, 2024.The vessel has an Israeli company name painted in large letters along the side of the hull, and it is currently docked in Fremantle taking on supplies.

30 Jan 2024

Carnival Warns of Hit to 2024 Earnings After Rerouting of Red Sea Itineraries

© icholakov / Adobe Stock

Carnival said on Tuesday that its annual earnings would take a hit as the cruise operator reroutes its ships that were due to pass through the Red Sea, a key transit route linking Asia and Europe.A growing list of companies have rerouted vessels as the Houthis, a Yemeni militant group, steps up attacks on Israeli ships or ships heading towards Israel, in solidarity with the Palestinians.The rerouting by Carnival is expected to have an impact of 7 cents to 8 cents on its adjusted earnings per share for full-year 2024, with the majority of the impact coming in the second quarter.