Carnival Sails to Profit
The world's largest cruise company Miami-based Carnival Corp reported a net profit of $49 million, or 6 cents per share in the first quarter ended Feb. 28. That compared with a loss of $20 million, or 3 cents per share, in the 2014 quarter. Earnings, adjusted for non-recurring costs, were 20 cents per share. The profit beats analysts’ estimates, spurred by lower fuel costs and higher passenger spending. The shares jumped the most since August 2011.
Puerto Rico Readies for Largest Cruise Ships
Thanks to a pier expansion and enhancement, Puerto Rico will welcome the two largest cruise ships in the world, Royal Caribbean International’s Oasis of the Seas and Allure of the Seas, in 2016. This announcement is part of the commitment made under the administration of Gov. Alejandro Garcia Padilla to attract mega-cruise ships to the island, once the renovation of the Pier 3 is completed. About 60…
JV Wins $2bln Freeport LNG Contract in US
A joint venture (JV) between CB&I, Chiyoda International and Zachry Industrial has won a contract worth over $2bn from FLNG Liquefaction 3 for a liquefied natural gas (LNG) train at Freeport LNG in Texas, US. Upon completion, the three-train facility will have a total export capacity of more than 13.9 million tons per year of liquefied natural gas. The deal requires the JV to provide engineering, procurement…
Is China Building a Naval Base in Africa?
Recently, The Namibian reported the existence of a "confidential letter from Namibia's ambassador to China, Ringo Abed, to Namibia's foreign minister stating that 'a Chinese delegation will visit Namibia ... for discussions ... The reports say that Beijing has told Namibian diplomats that a "Chinese naval presence will deter any would-be illegal trawlers and smugglers.” China's Indian Ocean-based…
India May Add Japanese Soryu-Class Submarines to its Fleet
India is reportedly considering a project to incorporate six Japanese Soryu-class diesel-electric submarines into its fleet, says The Japan Times. The Defense Minister of India Manohar Parrikar has expressed his readiness to consider acquiring Soryu-class diesel-electric submarines used by the Maritime Self-Defense Force. The reports in Indian media say it is not a purchasing plan. The proposal was…
Container Ship breaks Down off Essex Coast
Lifeboats from Walton and Frinton, and the Harwich have been called out to a container ship ANL Warringa off the coast of Essex which had been reported to be drifting in a major shipping lane. It was reported to be drifting in the North Sea, 20 miles (32 miles) off the Essex coast, in the key route between Hamburg and the East Coast ports. The 260 metre-long Warringa has managed to get an anchor down, not far from a wind turbine.
China Maritime Silk Road to Touch India for Namesake
Chinese officials on Saturday fleshed out some details for the country's ambitious 21st Century Maritime Silk Road (MSR) project in its “one belt, one road,” action plan. Though the plan released by China’s economic planning agency and the commerce and foreign affairs ministries, didn’t commit to specific projects, it has included Kolkata as the lone Indian port to figure in the final blueprint. China claims that the MSR is an initiative that aims to connect China's ports with ports in Vietnam…
China Unveils Action Plan on Maritime Silk Road
China has unveiled the principles, framework, and cooperation priorities and mechanisms in its Maritime Silk Road initiative in a bid to enhance regional connectivity and embrace a brighter future together. The plan consists two segments - One is centered on the Asian land mass and called the Silk Road Economic Belt; the other looks to the South China Sea, the South Pacific and Indian Ocean and is known as the 21st Century Maritime Silk Road.
US Navy to Roll out Underwater Spy Satellites
The robotic series that remade crusade in skies will shortly extend to a low sea, with underwater view “satellites,” drone-launching pods on a sea building and unmanned ships sport submarines, reports AFP. The pods could launch surveillance drones in the air or at sea or provide a communications link when American forces are facing electronic jamming, said Jared Adams, spokesman for Defense Advanced Research Projects Agency (DARPA).
Vietnam's Submarines to Counter China?
Vietnam's new submarines could alter the balance in the South China Sea quite dramatically, say maritime security analysts. Vietnam and China have long contested claims over the Spratly and Paracel islands, including last year's dispute over China's attempted oil drilling and clashes between Vietnamese fishermen and Chinese boats. As Beijing presses territorial claims in the South China Sea, Vietnam is arming itself for a potential air and sea confrontation with its larger neighbor.
USA Urged Not to Delay Arctic Drilling
The U.S. should immediately begin a push to exploit its enormous trove of oil in the Arctic waters off of Alaska, or risk a renewed reliance on imported oil in the future, reports AP. The US Arctic potentially contains enough oil and gas to allow it to be a significant contributor to the country’s future energy needs, filling the hole left by expected declines in production of shale and other domestic sources of oil. The U.S.
USNS Spearhead Delivers Materials to Ghana Charities
The U.S. Navy’s joint high-speed vessel USNS Spearhead (JHSV 1) delivered wheelchairs and medical supplies to Ghanaian non-governmental organizations March 26, 2015.
Greece Will Sell Piraeus Port Stake in Weeks
The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors. The Syriza government of Alexis Tsipras took power in January on promises to end painful austerity, saying it would halt a string of privatisations including the sale of a 67 percent stake in the Piraeus Port Authority (OLP).
Scandlines Ferry Back in Service by End June
The damaged Scandlines ferry M/V Prinsesse Benedikte is being repaired at the Polish shipyard Remontowa and is expected to be ready before the end of June 2015. Following extensive clear-up and inspection, the Remontowa yard in Gdansk, Poland, together with Scandlines’ on-site team has now started repairs of the Scandlines ferry M/V Prinsesse Benedikte, which was damaged while outdocking on Wednesday 11 March 2015.
Obangame Express 2015 Concludes in the Gulf of Guinea
Maritime forces from Gulf of Guinea nations, Europe, South America, and the United States and several regional and international organizations concluded the multinational maritime exercise, Obangame Express 2015, March 27. Obangame Express, sponsored by U.S. Africa Command (AFRICOM), was designed to improve regional cooperation, maritime domain awareness, information-sharing practices and tactical…
Gulf Bridge Express Service to End
The Gulf Bridge Express Service will shortly be terminated with the last roundtrip voyage being MV Saint Nikolaos voyage 00008S, ETA New Orleans on April 22, 2015. Alternative services from/to Gulf ports of United States and Mexico will be covered by the GCS and the GS1 as illustrated below. These services offer a comprehensive network in South America both directly and also via transhipment with other HapagLloyd mainline- and feeder-vessels at the ports of Manzanillo (Panama)…
Emission Control to Cost Additional $100 bln for Shipping Lines
The implementation of a global sulfur cap slated for 2020 is estimated to add an additional $50-100 billion to the shipping industry's annual fuel bills, Lloyd's List reports. The spread between heavy fuel oil (HFO) and Emission Control Area (ECA) compliant marine gas oil (MGO) is expected to remain in the range of $250 and $400 per tonne, regardless of different price fluctuations, says Niels Bjorn Mortensen, head of regulatory affairs, Maersk Maritime Technology.
Poland's LNG Terminal - Unfinished Agenda for Saipem
Poland's liquefied natural gas (LNG) terminal at the Baltic port of Świnoujście will be completed only if Italian firm Saipem receives further payment, reports Reuters. The terminal, under construction by a consortium including Italy's Saipem, is a key element of Poland's strategy to diversify energy sources for the country that now heavily relies on Russian supplies of gas and oil. Saipem's spokeswoman…
Viking Sets to Sail to Ocean
With Viking Ocean Cruises officially has its first cruise ship, the group has embraced a new strategy intended to split its growth more evenly between river and ocean cruising. “Viking Star”, the first of three cruise ships which Fincantieri is currently building for Viking, was presented today at Marghera shipyard. The other two sister ships are “Viking Sea” and “Viking Sky”, the company said in its press release.
American Boat Leads in Volvo Ocean Race Leg 5
As the six-strong fleet Volvo Ocean Race continued to endure a helter-skelter ride toward Cape Horn in the Southern Ocean, the American boat Team Alvimedica took the lead, reports AP. The Volvo Ocean Race fleet in the wild Southern Ocean was fighting two battles on Sunday – for bragging rights to lead the fleet round Cape Horn, and the race to win Leg 5. The Turkey/USA crew of Team Alvimedica (Charlie…