GPA adds 100 acres Auto Processing Space
At the annual State of the Port address hosted by the Brunswick-Golden Isles Chamber of Commerce Wednesday, Georgia Ports Authority Executive Director Griff Lynch announced a 100-acre expansion of the Colonel's Island auto terminal, and welcomed Logistec's announcement of the completion of 221,000 square feet of wood pellet storage at GPA's East River Terminal. "The additional 100 acres will allow GPA to grow along with our existing customers…
Asian Crude Demand Pushes Charter Rates
Robust Asian demand for West African crude is fueling a worldwide surge in shipping rates for the largest oil tankers that is being felt from Houston to Singapore. Chartering rates for Suezmaxes and very large crude carriers (VLCCs) have recovered rapidly in recent weeks after plunging to their lowest in more than year this summer. The spike in rates comes as Asian refiners return to the market after a seasonal turnaround period…
Asia Dry Bulk-Capesize Rates to Remain Steady
Owners seeking to push rates higher, close to year-long highs; dry bulk sector to see greater consolidation - BIMCO. Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain steady next week even as owners try to push rates up close to year-highs, ship brokers said. That came as charter rates stayed firm despite China's week-long National Day holiday which ends at the weekend.
Millions Flee as Southeast U.S. Braces for Matthew
Intensifying storm slams into Bahamas; landfall expected in Florida late on Thursday. Hurricane Matthew, the fiercest Caribbean storm in nearly a decade, slammed…
TPI Megaline Selects ABB’s OCTOPUS Software
The Korean heavy lift company TPI Megaline has selected ABB’s predictive OCTOPUS marine software to ensure safe and efficient operations on one of its vessels. Mega Caravan transports huge loads such as oil rigs and drill ships, ABB’s software will assist the ship’s officers so the vessel is not subject to dynamic weather and accelerations. TPI Megaline’s customers will also be able to monitor the journey from shore, via ABB’s Fleet Portal.
Great Lakes Limestone Trade Slides in September
Shipments of limestone on the Great Lakes totaled 2,958,522 tons in September, a decrease of 9.5 percent compared to a year ago, reports the Lake Carriers’ Association (LCA). September’s loadings were also 13.3 percent below the month’s five-year average. Loadings from U.S. quarries totaled 2,495,401 tons, a decrease of 14.8 percent compared to a year ago, according to LCA, and shipments from Canadian quarries totaled 463,121 tons, an increase of 35.8 percent.
Trelleborg Bears Weight of Largest Ever Offshore Facility
Trelleborg’s engineered products operation has supplied a selection of bearing solutions for the world's first floating liquefied natural gas (FLNG) project – Shell’s Prelude FLNG. Trelleborg has manufactured and delivered 52 vertical elastomeric bearings and 156 horizontal bearings for use on the 13 modules onboard the facility, as well as 40 turret bogey bearings to enable natural movements of the turret.
Nimitz Begins Sea Trials
Sea trials for the newly refurbished U.S. Navy aircraft carrier USS Nimitz (CVN 68) commenced on October 5, following a 20-month Extended Planned Incremental Availability (EPIA) at Puget Sound Naval Shipyard in Bremerton, Wash. Nimitz entered the shipyards in February 2015 for its fifth major maintenance period and completed the largest maintenance period to date without bringing the carrier into dry dock, according to Cmdr.
Hurricane Matthew Strengthens as it Heads for US
Hurricane Matthew, the fiercest Caribbean storm in nearly a decade, strengthened as it barreled toward the southeastern United States on Thursday after killing at least 140 people, mostly in Haiti, on its deadly northward march. As Matthew blew through the northwestern Bahamas on Thursday en route to Florida's Atlantic coast, it became an "extremely dangerous" hurricane carrying winds of 140 miles per hour (220 kph), the U.S. National Hurricane Center said.
ARCOS Brings Technology Approach to Shipbuilding
ARCOS Innovations Inc. is a new joint venture founded by members of SSI leadership and a senior SSI reseller with expertise in the implementation and development…
Oil Rallies as Hopes Grow for Output Cut
Oil rallied to four-month highs on Thursday, underpinned by a surprisingly large drop in U.S. inventory levels the previous day and by growing expectations for the…
Windea La Cour Goes to Work
Two years on from the launch of the Ulstein Group’s X-STERN design at the ONS 2014 maritime exhibition in Stavanger, the first vessel to feature the innovative hull line has entered service at the Gemini offshore wind farm. The newly built Windea La Cour incorporates the X-STERN: a pointed stern instead of a conventional transom stern, offering increased comfort and flexibility due to reduced vibrations and slamming, according to Ulstein.
Brazil Prosecutors Uphold Rejection of SBM Leniency Deal
Dutch oil-ship lessor SBM Offshore NV said on Thursday that Brazilian prosecutors have confirmed their Sept. 1 decision to reject a $328.2 million leniency deal…
Port Everglades Closed for Hurricane Matthew
Broward County’s Port Everglades is closed to all ship and truck traffic as the potential category 4 or 5 Hurricane Matthew approaches the U.S. East Coast. The port…
Interview: Todd Schauer - President, American Salvage Association
Todd Schauer is Director of Operations at Resolve Marine Group, as well as President of the American Salvage Association. After graduating from the U.S. Coast Guard Academy with a degree in Naval Architecture in 1991, he followed that up with graduate degrees in Naval Architecture, Marine Engineering and Mechanical Engineering from the University of Michigan. And, while his considerable U.S. Coast Guard experience includes shipboard engineering…
Hapag-Lloyd Invests in its Reefer Fleet
Announcing further investment in container fleet, liner shipping company Hapag-Lloyd has ordered a total of 5,750 refrigerated containers (reefers) of the latest generation – including 5,000 x 40-foot and 750 x 20-foot units. In addition, 1,000 of the new containers are equipped with “controlled atmosphere” technology, which allows various types of fruits and vegetables to be transported for longer periods of time while maintaining a consistent quality.
Torched Containership Returned to its Owners
Container vessel CCNI Arauco has been returned to its owners after a fire broke out in its aft container hold on September 1. Ardent emergency response crews worked with local firefighters to extinguish the fire. Other experts from Ardent contained the situation with local authorities and worked with all parties with follow-on operations. The aft hold was partly flooded to extinguish the fire, subsequently contaminating the water in the hold.
DSC Dredge Meets with Louisiana Senator
On September 01, 2016, Bob Wetta, President and CEO of DSC Dredge, LLC, along with the other Louisiana E-Award winners, held a meeting in Louisiana Senator Bill Cassidy’s office. The purpose of the meeting was to recognize the winners for their accomplishments that led to receiving this award. The President’s “E” Award is the highest recognition any U.S. entity can receive for making a significant contribution to the expansion of U.S. exports.
Grand Bahama Shipyard: Investing in the Future
MR spent time with Graham Couser, VP of Sales and Marketing, Grand Bahama Shipyard Ltd. (GBSL), for updates and insights on how this yard is faring in the current market and investing for the future. As the largest ship repair yard in the Caribbean, Grand Bahama Shipyard Limited, Couser said the yard is committed to continual investment based on customer’s needs, in markets good and bad. “The cruise market remains buoyant and upbeat with growth planned into the next few years,” said Couser.
Fuel Crunch Looms, Terminals in Path as Hurricane Matthew Nears US
The Southeast United States is expected to be hit with fuel shortages in the aftermath of Hurricane Matthew, as the storm barrels toward one of the largest energy-consuming regions in the country. Some states are already experiencing supply constraints as motorists fill up tanks as an emergency precaution. The region is not known for energy production, but there are significant storage facilities directly in the path of the storm that have already been evacuated.