Fednav (Belgium) N.V. Celebrates its 50th Anniversary
Shortly after the inauguration of the Saint Lawrence Seaway in 1959, and the growth of grain exports that followed, bulk shipper Fednav realized that incoming steel products offered ideal repositioning from Belgium, and thus was launched regular service FALLine. Steel is also transported from Germany, the U.K. and other countries, but Antwerp remained the epicenter of the activity. Located in the Scheldt estuary…
Strike Idles 38 Oil Tankers at Fos-Lavera
Some 38 oil tankers have been held up at the Fos-Lavera oil port in southern France, the country's biggest, including 25 at harbour, up from 12 the previous day…
Asia-N.Europe Box Freight Rates Soar 37 pct
Freight rates for shipping containers from ports in Asia to Northern Europe jumped 37 percent to $720 per 20-foot container (TEU) in the week ending on Friday, a person with access to data from the Shanghai Containerized Freight Index told Reuters. The rise in freight rates on the world's busiest route came after major container shipping companies started to implement earlier announced price hikes around June 1.
Hercules Offshore Filing for Bankruptcy Again
Hercules Offshore Inc said it planned to file for prepackaged Chapter 11 bankruptcy, just six months after the rig contractor emerged from bankruptcy protection. The company said it had entered into a restructuring support agreement with some lenders, which will eventually allow it to place all its unsold assets into a wind-down vehicle until they can be sold. Hercules Offshore said its international units would not be included in the bankruptcy filing, but would be a part of the sale process.
Gender Identity Spat Sinks Spending Bill
The rancorous political debate over sexual identity unexpectedly prompted the Republican-controlled House of Representatives to rejected an energy and water spending…
Portugal PM Warns Lisbon Dock Workers to End Strike
Portugal's prime minister warned Lisbon dock workers on Friday that his patience was running out after a strike that has lasted a month, paralysing the city's ports.
Norsafe Debuts New RIB in Gothenburg
Norsafe has released its first RIB, the Marathon 900, to compliment its range of boat models for professional and military customers. Launched at High Speed Boat Operations in Gothenburg this month, the new Marathon 900 RIB was demonstrated with two newly developed Mercury outboard engines that can run on diesel fuel. Mercury OptiMax Diesel Outboard, which is developed for the U.S. Armed Forces, is a 3.0 liter V6 engine that produces 175 propshaft horsepower.
SCA Applauds Funding for New US Ships
The Senate Appropriations Committee this week acknowledged calls for increasing the Navy’s ship count, funding the construction of 10 new ships, as well as providing the U.S.
TT Club Reports Robust Financial Results for 2015
TT Club has announced its financial results for the year ended December 31, 2015, and AM Best affirms its A- (Excellent) rating for the 10th consecutive year. Knud Pontoppidan…
DSC Dredge Receives President’s E-Star Award
DSC Dredge, LLC, based in Reserve, La., has received the 2016 President’s “E-Star” Award for exports. In a ceremony held on May 16, 2016, at the U.S. Department of Commerce’s headquarters in Washington, D.C., Department of Commerce Secretary Penny Pritzker said, “These companies demonstrate the opportunity inherent in selling Made-in-America products to the broad customer base that exists outside our borders. During her remarks, Secretary Pritzker singled out several companies, including DSC.
MAN 28/33D STC Engines for Thai Navy’s New OPV
The Royal Thai Navy has ordered a new 90-m offshore patrol vessel (OPV) to be constructed at Mahidol Adulyadej naval dockyard in Sattahip. The newbuilding, an improved River-class design, will be powered by two MAN 16V28/33D STC engines. Locally called OPV No. 2, the order follows that of OPV No. 1, the HTMS Krabi ordered in 2009, a similar vessel that featured two 16V28/33D engines.
Haven Marine Signs Service Contract with Svitzer
Haven Marine Services informs it has signed a five year contract with Svitzer which will see the yard service the requirements of Svitzer’s vessels within the Bristol Channel and Irish Sea areas. Haven Marine Services’ Managing Director, Steven Arnold, stated, “This commitment reinforces Svitzer’s faith in the capabilities of the facility, based on exemplary service during the past two years. In addition to the Svitzer fleet…
Higher Capesize Demand Pushes up Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday buoyed by higher demand for capesize vessels.
Defense Appropriations Bill Includes $1 Bln for US Icebreaker
The U.S. Senate Appropriations Committee’s FY2017 Defense Appropriations Bill has included $1 billion in funding to accelerate construction of a new polar icebreaker for the U.S. Coast Guard, reported Senator Thad Cochran (R-Miss.). Cochran, who chairs the Senate Defense Appropriations Subcommittee, said the bill recommends $1 billion in Navy shipbuilding funds to procure the first U.S. Coast Guard-operated icebreaker in more than 25 years.
Konecranes-Terex Deal to Proceed as Zoomlion Drops Rival Bid
China's Zoomlion Heavy Industry Science and Technology Co Ltd has abandoned its $3.4 billion bid for U.S. crane maker Terex Corp , clearing the way for a smaller deal between Terex and Finland's Konecranes. The decision comes after six months of merger talks between Terex and Zoomlion, and marks the latest setback to corporate China's ambitions to acquire U.S. assets. In March, Anbang Insurance Group Co unexpectedly withdrew its $14 billion offer to buy Starwood Hotels & Resorts Worldwide Inc.
SAFE Boats Delivers First CIV for Air and Marine Operations
SAFE Boats International (SBI), a manufacturer of aluminum boats located in Bremerton, Wash., has completed the first Coastal Interceptor Vessel (CIV) on contract from U.S. Customs and Border Protection (CBP) Air and Marine Operations (AMO). A naming ceremony was held at SAFE Boats International facilities on Thursday, May 26, 2016 to name the vessel the Alexandria as well as celebrate the first CIV as SBI’s 2,000 delivered craft.
NASSCO Lays Keel for Jones Act Tanker Liberty
U.S. shipbuilder General Dynamics NASSCO hosted a keel laying ceremony on Thursday, May 26 for the Liberty, one of three new ECO Class Jones Act tankers under a construction contract with SEA-Vista LLC, a partnership between SEACOR Holdings, Inc. and Avista Capital Partners. Construction on the Liberty began at NASSCO’s San Diego shipyard in October 2015. Once completed, the vessel will be a 610-foot…
Details El Faro's Sinking Emerge from US Probe
U.S. investigators on Friday concluded two weeks of hearings into the sinking of cargo ship El Faro in a hurricane last fall that included reports the vessel had outdated weather data and testimony from some of the last people to see it. The Coast Guard panel probing the worst cargo shipping disaster involving a U.S.-flagged vessel in more than three decades was told that the ship's captain intended…
Hansa Offenburg, Hansa Drakenburg Sail Scale-free
Leonhardt & Blumberg was founded in 1903 and has managed more than 180 vessels, the majority of which were general cargo vessels and bulk carriers. Today the company provides containerships ranging from about 1,500-3,600 TEU capacity. After other vessels were equipped over the years by Pronomar, the Hansa Offenburg and Hansa Drakenburg, both part of the shipper’s 1,700 TEU fleet, were recently outfitted with the ecofriendly MERUS technology.
US Hospital Ship Aids South Korean Sailor
A U.S. hospital ship conducted a medical evacuation, or “medevac”, May 27 to assist an ailing Republic of Korea sailor aboard a Republic of Korea Navy (ROK-N) submarine. At approximately 10:30 a.m. May 26, the Military Sealift Command operated USNS Mercy (T-AH 19) received orders from Commander Task Force (CTF) 73 to render medical assistance to ROK-N submarine SSK Lee Eok Gi (SS 071) in the mid-Pacific. Mercy, which was approximately 18 hours away, altered its track to meet the submarine.