Asia-N.Europe Box Rates Rise 6 pct
Freight rates for transporting containers from ports in Asia to Northern Europe rose 5.7 percent to $761 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters. It was the second consecutive week with rising freight rates. In the week to Friday, container freight rates fell 3.2 percent from Asia to ports in the Mediterranean, rose 8.1 percent to ports on the U.S.
Asia Tankers-VLCC Rates Strengthen on June Charters
30-40 Mid-East VLCC cargoes still to be contracted for June; Posidonia shipping event next week in Greece may dampen activity. Freight rates for very large crude…
Frontline JV Creates Suezmax Vessel Fleet
Frontline Ltd. has announced the formation of Suezmax Chartering, a commercial joint venture with Diamond S. Shipping LLC and Euronav NV. The aim of the joint venture is to create a single point of contact for cargo owners to access a large fleet of 43 modern Suezmax vessels, traded operated on the spot market. Frontline will contribute 22 vessels to the joint venture, including 14 vessels on the water and 8 newbuildings as they are delivered.
Next Generation Workshops Set for Southampton
A unique program of three specialist events for the sub IMO / sub 24 meter professional sector is being held back to back at the Grand Harbor in Southampton, U.K. this October. The fast moving workshop style program brings together an international group of experts armed with the latest knowledge to identify problems that affect the maritime sector worldwide – and highlight potential solutions. Next Generation SHOCK MITIGATION Workshop on October 25, 2016 focuses on shock mitigation solutions.
CMA CGM Renews Sealink VSAT Services
Marlink has been contracted to implement the KeepUp@Sea IT operational platform from Norwegian maritime IT&C experts Palantir on 110 vessels of one of the world’s largest shipping companies, CMA CGM. CMA CGM’s 200 maritime services call at more than 420 ports, covering all five continents. The contract is part of the recent renewal of CMA CGM’s Sealink connectivity services. KeepUp@Sea will be used to standardize…
K Line Sets CO2 Emission Reductions Target
Kawasaki Kisen Kaisha, Ltd. (K Line) achieved 13.6 percent reduction in CO2 emissions  in 2015 against 2011 level, as a result of deployment of larger vessels, proactive initiatives for introducing advanced energy-saving technologies including electronically controlled engines, as well as slow steaming being continuously pursed through close cooperation at sea and on land with ship owners, vessels and ship management companies.
Baltic Index Rises on Higher Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday on a stronger demand for capesize vessels. The overall index…
This Day In Naval History: June 3
1785 - The order is given to sell the last ship remaining in the Continental Navy, the frigate Alliance. No other Navy ships are authorized until 1794. 1898 - During the Spanish-American War…
Meercat Workboat for Briggs Marine
U.K.-based Meercat Workboats has sold a custom built monohull workboat to Briggs Marine. The vessel (Hull no. 28) is 15.5m LOA, and 6m beam. Fabrication is well under way at Meercat’s Portchester facility in Portsmouth, Hampshire, with Briggs Marine to take to delivery later this year. The workboat has been configured to facilitate a deck cargo capacity of 20 metric tons and a liquid cargo capacity of sum 2 x 10,000 liters; with 2 x Doosan main engines and a BETA Marine 21kVA generator.
Brisbane Pilots Receive Simrad Radar Upgrade
Pilots in the Port of Brisbane, one of Australia’s fastest growing container ports, are using the word “unmatched” when describing the performance of new navigational equipment from electronic navigation specialist Simrad, a brand within the Navico group. Installed during the recent refit of the pilot boat Amity, the equipment installations include an NSS12 evo2, 12-inch chart-plotter and multifunction display with GPS positioning…
Ardent Turns One
In May, 2015, Svitzer Salvage, a part of the Maersk Group, and Titan Salvage, under the Crowley Group, merged to form Ardent. Now the salvage industry’s “new kid on the block” celebrates its first birthday. The merger, which fused Svitzer Salvage’s strengths in emergency preparedness and response with Titan’s large project specialization, has developed a more robust service offering for the worldwide salvage industry.
New Series of Trawlers Built to RS class
Construction of a new series of trawler-seiner pr. SK-3101R has been commenced at the Shipyard Yantar (Kaliningrad). Project SK-3101R was designed by Skipskompetanse, Norway.
Danish Princess to Name Stenaweco Impulse
The newly constructed chemical and product tanker Stenaweco Impulse will be named by her godmother H.R.H. Crown Princess Mary of Denmark at a June 13 ceremony on Langelinie Quay in Copenhagen. The Stenaweco Impulse is the sixth in a series of 13 IMOIIMAX tankers ordered by Stena Bulk. The vessel is owned by Stena Weco in a joint venture between Swedish Stena Bulk and Danish Weco Shipping. It was built by the Chinese Shipyard GSI (Guangzhou Shipbuilding International).
G6 Alliance Cancels Some Asia-Europe Sailings
Facing less-than-expected market demand, members of the G6 Alliance announced additional void sailings within the container shippers’ Asia-Europe service, suspending its Loop 6 service until further notice. The G6 Alliance, which consists of APL, Hapag-Lloyd, Hyundai Merchant Marine, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Orient Overseas Container Line, said it continues to offer various services between Asia and Europe covering major port pairs with weekly sailings.
Liberian Registry Implements Cost-saving Measures
The Liberian Registry announced the introduction of a range of cost-saving provisions which it said will help mitigate the burden and financial strain currently being placed on owners and operators of Liberian-flag vessels during the sustained economic downturn in the maritime and offshore sectors. The provisions are set out in Marine Operations Notes 02-2016 and 03-2016 recently released by the Liberian Maritime Authority to owners and operators of Liberian and non-Liberian flag vessels…
Keel Authenticated For Next US Navy Destroyer
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division authenticated the keel of the destroyer Delbert D. Black (DDG 119) on June 1. The ship, named in honor of the first Master Chief Petty Officer of the Navy, will be the 32nd Arleigh Burke-class (DDG 51) guided missile destroyer Ingalls has built for the U.S. Navy. “This ship’s name carries a special meaning,” Ingalls Shipbuilding President Brian Cuccias said at this morning’s keel-laying ceremony.
US Oil Drillers Add Rigs for 2nd Time in 2016
U.S. energy firms this week added rigs drilling for oil for the second time this year, energy services company Baker Hughes Inc said on Friday, after crude prices…
Lightering Operations Begin on Grounded Bulker
The U.S. Coast Guard continues to monitor and respond as lightering operations begin on the motor vessel Roger Blough, Friday, after the vessel ran aground May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior. The Philip R. Clarke arrived on scene with the Blough Thursday afternoon, and lightering operations started Friday at 5:45 a.m. The safety perimeter has been increased from 500 yards to 750 yards.
New Colombian Crude Whets Appetite of US Refiners
The United States has started to import small batches of Colombia's Puerto Bahia heavy crude, an unusual development that underscores at least a temporary shift…
US Strikes Islamic State from Mediterranean Carrier
U.S. fighter jets on Friday launched the first strikes against Islamic State targets from an aircraft carrier in the Mediterranean Sea since the start of the two-year campaign against the militant group, the U.S. Navy said. The jets flew from the USS Harry S. Truman after the ship moved into the Mediterranean through the Suez Canal, marking the first air strikes conducted by a carrier group in that region since the Iraq war began in 2003, Navy officials said.