Cleveland Reports Persistent Cargo Growth
Buoyed by increasing returns from its creation of the Cleveland-Europe Express (CEE) liner service, the Port of Cleveland continued to see record numbers in August, particularly in containerized cargo, the port announced. While numbers for containers were up 300 percent through June, traffic has continued to accelerate at an even greater pace since, according to the port. Compared to figures through August 2014, this year's increase now stands at 475 percent.
Video: Mega Sailing Ship Docks in Greece
One of the largest sailing ships in the world, the 636-foot-long Club Med 2 is a huge five-masted cruise ship owned and operated by Club Med. The impressively massive vessel recently called the port of Chios Island Greece, where Konstantinos Mil. Anagnostou was able to capture stunning aerial photos and video. Watch here. Built from 1992 to 1996 in Le Havre, France, Club Med 2 harnesses power from computer-operated sails combined with diesel-electric power.
US Preparing to Weaken Cuba Embargo
The White House is drafting sweeping regulations to further weaken the U.S. trade embargo on Cuba that would ease restrictions on U.S. companies and make it safer for Americans to travel there, U.S.
US Oil Drillers Cut Rigs for Third Week on Weak Crude Prices
U.S. energy firms cut oil rigs for a third week in a row this week, data showed on Friday, a sign the latest crude price weakness was causing drillers to put on…
White House: New Cuba Rules Advance US Interests
The White House defended its new regulations opening up business activity with Cuba on Friday as advancing U.S. interests in the region and empowering the Cuban people…
Genting HK to Buy Lloyd Werft Shipyard
Genting Hong Kong has agreed to acquire the Lloyd Werft shipyard in Bremerhaven, Germany, in a deal that will see the company invest €17.5 million for a 50 percent ownership of the land and 70 percent of the new build business. The acquisition remains subject to final purchase conditions. Genting, a corporation primarily involved in the cruise, hospitality, leisure and entertainment businesses, is the owner Star Cruises and a major shareholder in Norwegian Cruise Line.
Great Lakes Limestone Trade Up 4% in August
Shipments of limestone from U.S. and Canadian quarries on the Great Lakes totaled 3.9 million tons in August, an increase of 4 percent compared to a year ago, and even more…
HRH Prince Joachim to Speak at Danish Maritime Days
The cream of CTO’s from shipowners, ship management businesses, shipyards and maritime equipment manufacturers worldwide will meet HRH Prince Joachim on the second day of the technical summit, arranged by Danish Maritime and its members. HRH Prince Joachim will speak at the technical summit Danish Maritime Technology Conference, taking place October 7-8, 2015 in Copenhagen during Danish Maritime Days.
Responders Monitoring Sunken Tug in Alaska
Alaska's Department of Environmental Conservation and Department of Natural Resources joined Coast Guard Sector Juneau personnel in responding to the tugboat, Challenger, which sank in Juneau's Gastineau channel September 12, 2015. Global Diving & Salvage and Southeast Alaska Lighterage (SEAL) were contracted and have removed all accessible pollution sources and hazards from the vessel. SEAL replaced the boom around the vessel today.
Wei-Li Crane Ship Departs Damen Shiprepair
The Wei-Li crane ship slipped her lines at Damen Shiprepair Dunkerque on Friday, September 11, to make the short trip up to Rotterdam after 10 days of maintenance and repairs. The 141-meter, 18,330 DWT crane ship required special dock bed arrangements, not least because of the 3,000-metric-ton crane mounted on her stern and her unconventional hull form. A total of 225 blocks were required, along with an additional 56 steel pillars of up to 7 meters in length to support the stern.
MAN 32/44CR Engine US EPA Certified
MAN Diesel & Turbo announced that its MAN 32/44 Common Rail engine family (rated power: 3,600 – 12,000 kW) has received U.S. EPA Certification, a requirement for all engines installed aboard U.S.-flagged vessels. Chuck Griffith, Sales Manager, MAN Diesel & Turbo, North America, said, “This certification is a significant step in our four-stroke, marine-engine strategy for the U.S. market. The engine…
IMO Warns on Bauxite Liquefaction Dangers
The International Maritime Organization (IMO) announced it has taken action to warn ship masters of the possible dangers of liquefaction associated with carriage of bauxite, following consideration of findings from the investigation into the loss of the 10-year-old Bahamas flag bulk carrier Bulk Jupiter, which was carrying 46,400 metric tons of bauxite when it sank rapidly with 18 fatalities in January 2015.
Maritime Security Threats ‘Far from Eradicated’ -MAST
The need to regulate and police the maritime domain to tackle global threats is as pressing as ever, according to Phil Cable, CEO and cofounder of maritime security company MAST.
Polarcus Awarded Broadband 3D Project in West Africa
Polarcus Limited has received a letter of intent from an undisclosed client to execute a 3D marine seismic project in West Africa utilizing Polarcus' RightBAND technique…
Aframax Tanker Designed for Arctic Shipping
A modern Aframax-sized tanker concept designed for transporting crude oil and oil product in the Arctic has been developed via collaboration between Deltamarin Ltd. and Aker Arctic Technology Inc. In creating the new tanker concept, Deltamarin said it drew upon its expertise in affordable energy efficient cargo vessels, together with Aker Arctic’s track record in Arctic vessels. Apart from being ice strengthened and equipped with other new features…
Maersk Orders 9 Tankers from Samsung Heavy Industries
Maersk Tankers, a unit of Danish conglomerate A.P. Moller-Maersk, has placed a $300 million order for nine medium-range tankers from Samsung Heavy Industries' Ningbo shipyard in China.
Kenya Raids Suspected Drug Ship
Kenyan police raided a ship docked in the Indian Ocean port of Mombasa on Friday, on suspicion that it carried drugs and firearms, officials said. East Africa has…
Asia-Europe Box Rates Drop 22.4 pct
Shipping freight rates for transporting containers on the world's busiest route have dropped by more than 20 percent for the second consecutive week and are now at their lowest level since July 24. Spot rates fell 22.4 percent to $456 from ports in Asia to Northern Europe after a fall of 22.9 percent last week, one source with access to data from the Shanghai Containerized Freight Index told Reuters. Container freight rates have so far increased in 8 weeks this year but fallen in 28 weeks.
Australian Leader Swap Weakens Japanese Sub Bid
The ouster of Australian Prime Minister Tony Abbott has further weakened a Japanese bid for one of the world's most lucrative defence contracts, a A$50 billion ($36…
Asia Tankers-VLCC Rates Soar on Tighter tonnage
Mideast-Japan VLCC rates climb by $46,000 per day since Aug 26. Freight rates for very large crude carriers (VLCCs), which reached a seven-week high this week, are set to climb higher on buoyant cargo volumes and tighter tonnage, brokers said. But the views are mixed on whether rates will top $100,000 per day, the level that some brokers and owners think VLCC rates will hit over the fourth quarter…