Coast Guard Foundation Awarded 128 Scholarships
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that in 2016 it has awarded a record 128 new scholarships. Combined with multi-year scholarship recipients and three Fallen Heroes Scholars, the Foundation is currently supporting 163 students totaling $576,500 in support this year. In just over 26 years…
What is Happening to Suezmax Rates in 2016?
Several years ago, the main market for Suezmax tankers was the West Africa to North America trade. When this market dried up in the period from 2012 to 2014/15, it looked like the Suezmax fleet was in for hard times. Tanker Research & Consulting department at Poten & Partners takes a look at Suezmax tankers. However, Suezmax tankers managed to find new markets and 2015 emerged as the best year for Suezmax freight rates since 2008. However, 2016 has developed quite differently.
Worldscale Flat Rates to Fall Again
The concept of Worldscale is not an easy principle to grasp, particularly for those outside the tanker industry, says Weekly Tanker Market Report by Gibson. The task gets even more complicated as Worldscale flat rates are reset at the start of each year due to fluctuations in international bunker prices, exchange rates and port costs. On long haul routes, bunkers form the most significant component of all voyage costs and as such…
284 Ships transit Suez Canal Last Week
Suez Canal traffic data showed that 284 ships transited the canal, with a total load of 14.34m tonnes, from 19 to 24 August 2016, reports Daily News Egypt. Compared to July 2015, before the inauguration of the New Suez Canal, the average daily number of transiting vessels totaled 47 vessels, with an average load of 2.76 million tonnes per day. The number of vessels that passed through the new canal coming from the west through the northern entrance was 135…
Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran
Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC) have signed a deal worth $1 billion to build five offshore drilling rigs for oil and gas exploration in the Persian Gulf, reports Press TV. According to Krasnye Barrikady Shipyard CEO Aleksandr Ilichev cited by the Iranian IRNA news agency, the Russian shipyard could carry out feasibility study for the project.
Austal Dives into Loss
Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected. However, the result came in line with guidance issued last month over a change in estimate of the cost of completing the 11-ship littoral combat ship program. Revenue fell 5.3% to $1.34 billion. The EBIT (earnings before interest and taxes) loss of $120.9 million…
Securing the Scorpene: DCNS to Move Court
The French shipbuilder DCNS plans to seek an injunction to prevent further publication of information contained in 22,400 secret documents about stealth submarines built for India, says The Australian. The company will seek legal action in the Supreme Court of New South Wales after the documents dated from 2011 allegedly detailing the secret combat capabilities of six Scorpène-class diesel-electric submarines were leaked to newspaper.
Hammond New International Sales Manager, Fairline Yachts
British luxury motor yacht manufacturer, Fairline Yachts, announces Robert Hammond as its new International Sales Manager. Robert will be responsible for Fairline's global sales operations and managing its worldwide dealer network. A former military pilot, Robert, has held similar roles in commercial aviation and corporate yachting, developing sales opportunities and managing client relations. Having lived…
Hapag-Lloyd Cruises Orders Two Vessels
TUI Group, the world’s number one tourism group, will invest in two new-builds for its Hamburg-based subsidiary Hapag-Lloyd Cruises. The two, new, 5-star expedition vessels are scheduled for launch in April and October 2019, respectively, following 20 months of construction. Financial details of the transaction have not been disclosed. Sebastian Ebel, member of the Executive Board of TUI Group in charge of Cruises: “The cruise business is one of the key elements of TUI’s growth strategy.
Carriers have Withdrawn Extremely Low Spot Market Freight Rates - Drewry
Drewry’s Global Freight Rate Index, a weighted average of spot container freight rates across all major routes except intra-Asia, swung back in July by 13% to reach $1,403 per 40ft box. The global spot rate index had dropped to an all-time low of $1,113 per 40ft container in April. Drewry is in a unique position to track these trends through its Container Freight Rate Insight online platform, via which a constant panel of over 30 forwarders and NVOCCs report rates on a continuous basis.
Damen, Evoqua Team for Innovative BWTS Solution
Two innovators in delivering unique solutions for the maritime sector, Damen Green Solutions and Evoqua Water Technologies will launch the DAMEN BALCON EC 1500 powered by the SeaCURE ballast water management system (BWMS) at SMM Hamburg. The BALCON containerized deck house has been developed as a direct result of customer demand for fast plug and play installation in the yard. BALCON is touted as an ideal ‘plug and play’ solution, with the absolute minimum of downtime for the vessel.
Gasum, Wärtsilä Join Forces to develop Gas Value Chain
New joint co-operation between Gasum and Wärtsilä aims to develop the utilization and distribution of natural energy gases in marine and land markets. Gasum, the Nordic leader in natural gases and Wärtsilä, a global leader in advanced technologies and complete lifecycle solutions for the marine and energy markets have signed a Joint Co-operation Agreement aimed at developing the utilization and distribution of natural energy gases in marine and land markets.
Meyer Turku Continues Shipyard Investments
Meyer Turku shipyard has further enlarged it’s investment package with a new 75 million euro steel storage and pretreatment facility. This is already a third large scale investment announced this year from Meyer Turku, previous being new Gantry crane and building a new modernized Cabin Factory on the original Piikkio Works cabin factory grounds. The new steel storage and pretreatment facility will increase the steel pretreatment capacity of Meyer Turku…
USS Freedom Suffers Casualty
The U.S. Navy's first littoral combat ship USS Freedom (LCS 1) experienced a casualty to one of its main propulsion diesel engines (MPDE) on July 11 reportedly caused by a leak from the attached seawater pump mechanical seal that resulted in seawater entering the engine lube oil system, according to the Navy. The ship’s crew addressed the leak, enabling Freedom to return to homeport July 13 on her own power for repairs on a separate, unrelated issue.
Passenger Vessel Allides with Pier in Baltimore
Passenger vessel Spirit of Baltimore struck the pier at Henderson Wharf Marina in Baltimore, Sunday morning, causing 60 feet of damage to the pier and cosmetic damage to the vessel’s hull. There were 447 people aboard at the time of the incident. U.S. Coast Guard investigators from Sector Maryland-National Capital Region are investigating the incident and assessing the damage to the vessel and pier. The cause of the incident is still under investigation.
Transas to Unveil the ‘Future of Maritime Operations’
Today's maritime industry requires realistic solutions and concepts for a modern, integrated operational infrastructure that delivers a sustainable, viable future, says Transas, a developer and supplier of a wide range of IT solutions for the marine industry. Whether an autonomous ship or not, the maritime sector needs an infrastructure solution that will enhance and support our human element and enable operations.
Samskip Acquires Euro Container Line AS
Samskip has completed the acquisition of Euro Container Lines AS, building on a strategy for growth in the Nordic area to make its largest ever acquisitive move in Norway. The ECL acquisition aims to strengthen Samskip’s position in the Norwegian market by enhancing the speed and frequency of services delivering a second-to-none value proposition for its Norwegian client base. In a significant enhancement for regional fishing industry exporters in particular…
MN100: BlueTide Communications
BlueTide is a leader in the provisioning, implementation, monitoring and support of satellite equipment. Combining the power of HUGHES proprietary managed network technology with people who fundamentally understand the power of connectivity under extreme circumstances, BlueTide services three of the top five largest OSV workboat companies in the world, as well as liftboats, crew boats, construction barges, and tug boats.
New Tour Vessel for Mary D Cruises
A new high-end tour vessel is scheduled to be delivered to for Mary D Cruises of New Caledonia in late 2016. Designed by Incat Crowther with styling reminiscent of a yacht, the new vessel is being built by Strategic Marine to replace an existing vessel in Mary D Cruises’ fleet. The main deck is arranged to support the transit operation by day and dinner cruises in the evening to tourist destination Amedee Island.
Five Vessels Delivered for Qatar’s New Port Project
Nakilat Damen Shipyards Qatar (NDSQ) has delivered five vessels as part of an 11-vessel order for New Port Project (NPP). Built entirely at the Erhama Bin Jaber Al Jalahma Shipyard in Ras Laffan Industrial City, the vessels were launched and delivered to NPP after successful completion of their sea trials. Measuring 15.4 meters long with a beam of 5 meters and a speed of 25 knots, the two Damen Stan…