Asia Tankers-VLCC Rates to Climb Slowly
Around 47 MidEast charters fixed for July loading so far; older tonnage and new vessels a drag on freight rates. Freight rates for very large crude carriers (VLCCs) are set to nudge higher next week after moving above nine-month lows on increased charters this week, ship brokers said on Friday, although gains will be capped by ample tanker availability. "The market is still rubbish, but it has turned," a Singapore-based supertanker broker said on Friday.
Baltic Index up for Third Straight Session
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Friday, for a third straight session, on rising demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was up 13 points, or 2.18 percent, at 609 points. The capesize index gained 16 points, or 1.78 percent, to 913 points.
Seven Indonesian Sailors Kidnapped in Philippines
Seven Indonesian sailors have been taken hostage in the Sulu Sea in the southern Philippines, Indonesia's foreign minister said on Friday, the latest in a string…
ST Marine Delivers 4th Patrol Vessel to Oman
Singapore Technologies Marine Ltd (ST Marine), the marine arm of Singapore Technologies Engineering Ltd (ST Engineering), has held the Interim Acceptance ceremony for the Patrol Vessel (PV) RNOV Khasab. This is the final, in a series of four vessels, designed and built for the Royal Navy of Oman (RNO). The Guest-of-Honour was the Consul General for the Oman Consulate for the Republic of Singapore, HE Zakariya Hamed Hilal Al Saadi.
The American Club Reports Solid Progress in 2015
The American Club reported solid progress during 2015 at the annual meeting of its members held in New York yesterday. Despite a challenging economic climate, the Club’s business developed respectably, and 2016 had started on a positive note. The Club’s tonnage and revenue experienced some attenuation in 2015 as global trade slowed and freight markets continued to struggle. Following the 2016 renewal…
World Stocks Tumble as Britain Votes for EU Exit
Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money…
Kiel is First German Port of Call for Mein Schiff 5
The brand-new TUI Cruises newbuilding Mein Schiff 5 has arrived in Kiel – her first German port of call since being handed over in Turku, Finland, a few days ago. The 99,500GT, 295-meter-long cruise ship sailed into the Kiel Fiord early this morning, escorted by a Kiel tug and to a water fountain welcome. Thousands of visitors to the Kieler Woche sailing regatta watched from the shore as the Mein Schiff 5 berthed at the Ostseekai Cruise Terminal.
New Zealand: Maritime Trade is Key
Globally, shipping is on the rise – already 80-90 percent of the world’s trade is by ship; that is more than 12 billion metric tons of goods annually, shipped by 1.5 million seafarers on 50,000 merchant ships. Without shipping, the import and export of goods on the scale necessary to sustain the modern world simply would not be possible. Shipping is especially important to New Zealand, an island that relies heavily on its vibrant maritime sector.
UK First to Accept Marine Geoengineering Amendments
The United Kingdom has become the first state to formally accept the 2013 marine geoengineering amendments to the 1996 “London Protocol”, the treaty covering dumping of wastes at sea. The amendments support the precautionary approach by providing for specific marine geoengineering activities to be permitted only when the activity is assessed as constituting legitimate scientific research. Currently, only ocean fertilization for research purposes may be permitted.
This Day In Naval History: June 24
1833 - The frigate Constitution is the first vessel to enter the newly-built dry dock at the Charlestown Navy Yard, Boston, Mass. for overhaul. A false rumor circulates in Boston in 1830 that the U.S.
More than 2,000 Migrants Rescued at Sea -Italy Coastguard
Ship crews pulled more than 2,000 migrants from overcrowded boats in the Mediterranean on Friday, Italy's coastguard said, as people smugglers stepped up operations during two consecutive days of good weather. More than 7,100 people have now been plucked from international waters since Thursday, many of them on the dangerous journey from Libya. Europe's worst immigration crisis since World War Two is in its third year…
Crystal Cruises Plans Return to Port Everglades
Crystal Cruises' ships will return to Broward County's Port Everglades beginning in Fall 2017, having last sailed from the port in 2006. Beginning October 27, 2017, Crystal Serenity and Crystal Symphony will sail a total of eight sailings to and from Port Everglades, one of the world’s busiest cruise ports, with more than 3.7 million passengers in 2015. Nine cruise lines, one ferry and more than 40 cruise ships sail from the South Florida cruise port.
Ailing Mariner Medevaced off Alaska
An ailing crewmember aboard the fishing vessel Seafreeze Alaska was medevaced approximately 195 miles north of Cold Bay, Alaska, Thursday. A Coast Guard Air Station…
US Oil Drillers Cut Rigs after 3 Weeks of Additions
U.S. oil drillers cut rigs this week for a 20th week this year after three weeks of additions, according to a closely followed report on Friday, as crude prices…
US Navy Accepts Delivery of Future USS Montgomery
The U.S. Navy has accepted delivery of future USS Montgomery (LCS 8) during a ceremony on June 23 at the Austal USA shipyard in Mobile, Ala. Marking the official transfer of Montgomery from the shipbuilder to the Navy, delivery is the final milestone prior to commissioning, which is planned for September 2016. “Today marks a significant milestone in the life of the future USS Montgomery, an exceptional ship which will conduct antisubmarine…
VEB Guarantees $3 Bln of Yamal LNG Debt
Russian development bank VEB said on Friday it had provided a guarantee for $3 billion of debt to the Yamal liquefied natural gas (LNG) project, led by Russian gas firm Novatek.
RS Rules Conform to the IMO Goal-based Standards
The rules of the Russian Maritime Register of Shipping are in conformity to the International Maritime Organization (IMO)goal-based standards (GBS), the IMO’s Maritime…
Prince Charles Places Final Section of UK Aircraft Carrier
The second of the largest warships ever built for the U.K. Royal Navy, the Queen Elizabeth Class carrier HMS Prince of Wales, was given the royal seal of approval when HRH The Prince of Wales, (or Duke of Rothesay, as he is referred to in Scotland), visited Babcock’s Rosyth Facilities and signaled for the final section to be lowered into place, shipbuilder BAE Systems announced. The 570-metric-ton…
Conrad Shipyard Forms LNG Business Unit
Conrad Shipyard has formed a new business unit focused on LNG projects. Conrad, builder of North America’s first LNG bunker barge scheduled for 2017 delivery, said it continues to actively pursue other LNG opportunities, including developing designs for additional transport barges, dual-fuel powered towboats and other research and development projects. “We believe the continued development of the LNG fuel market to be of critical importance.
Denmark Adopts Digital Ship Certification
As of June 24, 2016, ships flying the Danish flag are being digitally certified, making Denmark one of the first countries to put an end to the 100-year-old tradition of certifying ships with paper certificates. Until now, ship certification typically involved printing, stamping and signing paper certificates, and subsequently sending them around the world to be kept on board ships. Digital certification – or electronic certification…