Weak Demand Drags Down Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell to its lowest in nearly three months on Wednesday on weaker demand across all vessel segments. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, was down 15 points, or 1.58 percent, at 934 points - its lowest level since early March. The capesize index lost 52 points, or 3.05 percent, at 1,654 points.
Ships Parade Kicks off NY Fleet Week
From the tree lighting at Rockefeller Center to New Year's Eve in Times Square, New York’s time-honored traditions are some of the most well-known around the world. Arriving today as part of another New York tradition, a “parade of ships” from several branches of the U.S. military (and one ship from Canada) sailed into the New York Harbor and up the Hudson River from Battery Park to just south of the George Washington Bridge, for the 29th annual Fleet Week New York (FWNY).
New Orleans Joins Cold Treatment Pilot Program
The Port of New Orleans announced a new opportunity for shippers looking to transport perishable cargo from South America. Port NOLA received approval by the U.S. Department of Agriculture for inclusion in the Southeast U.S. In-Transit Cold Treatment Pilot Program. Participation in the Animal and Plant Health Inspection Services (APHIS) pilot program means select time-sensitive products can be treated to meet customs compliance in-transit rather than after it arrives to the U.S.
Norwegians to Finance Vessel Retrofits
Following the International Maritime Organization (IMO) ratifications of the ballast water and exhaust gas treaties, government-owned Export Credit Norway offers financing to international vessel owners who purchase retrofit equipment from Norwegian suppliers. The Norwegian export credit agency Export Credit Norway has assembled a specialized team and tailor-made financing solution to support vessel owners who need to retrofit equipment such as gas exhaust cleaning systems…
Apply Now for the MN100
The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below.
Bollinger Wins SCA Safety Award
Bollinger Shipyards was presented the 2016 “Award for Excellence in Safety” for the 12th consecutive year by the Shipbuilders Council of America (SCA) on May 18, 2017 during SCA’s Annual General Membership Meeting in Washington, D.C. This award is given to member companies with the lowest total recordable incident rates (TRIR) based on a quarterly injury and illness survey conducted by the Association.
Petrobras Sees Higher Oil Exports as Presalt Fields Develop
Brazilian government-controlled Petroleo Brasileiro SA expects higher oil exports this year than initial projections, Guilherme França, executive manager of trade and marketing, said Wednesday.
A Flexible Workforce is Crucial Offshore
WRS CEO Mark Brown investigates the importance of marine and ship management companies’ utilization of a more flexible workforce. As offshore-focused businesses weather the unprecedented industry downturn, many companies servicing the sector are looking for ways to more efficiently manage costs in order to survive. Since the oil price started to contract in June 2014, radical cost reductions across…
Wärtsilä Wins Contract for New CLdN RoRos
Wärtsilä said it has been awarded a contract to supply controllable pitch propellers and power take off / power take home (PTO/PTH) shaft generator systems for two new RoRo vessels being built at the Uljanik shipyard in Croatia. The ships have been ordered by the Luxembourg based operator, CLdN Ro-Ro SA. There is an option for an additional two vessels. Wärtsilä, which booked its orders in December 2016 and February 2017…
Meyer Werft Lays Keel of Norwegian Bliss
A keel laying ceremony was held for Norwegian Cruise Line’s (NCL) new cruise ship Norwegian Bliss at the shipbuilder Meyer Werft’s facility in Papenburg, Germany. During the ceremony, one of the keel blocks of the 167,800 gross ton vessel was lifted into the covered building hall, signifying a major milestone in the ship’s construction. NCL president and CEO Andy Stuart laid the traditional coin, etched with the outline of the ship’s signature hull designed by wildlife artist Wyland…
A Hybrid Drive’s Digital Landscape
Hybrid drive and potential fuel savings are well known — from 10 to 30 percent, according to the sources we’ve written about over the years. Less known, is the potential need to purchase some sort of remote monitoring package to complement that diesel-electric or battery hybrid system from a system operator in order to secure the maximum safety benefits. As the count of system operators offering hybrid drives grows…
India to Allocate 2.5 pct of Road Fund for National Waterways
The Indian government has approved a proposal to allocate 2.5 per cent of the Central Road Fund (CRF) for National Waterways (NWs) that would result in about Rs 2,000 crore (USD 309 mln) proceeds per annum for their development. A statement from the government said that Indian Cabinet chaired by the Prime Minister Narendra Modi has accorded its approval today to a proposal jointly mooted by the Ministry…
Hazard Map to Supplement 'Capt.'s DOSCA'
Mitsui O.S.K. Lines will add a hazard map to the Captain's Dynamic Operation System for Counter planning and Analysis (Capt.'s DOSCA), which is provided by Weathernews, and used onboard MOL ships when they are underway. MOL already uses the system on many of its operated vessels. The content of the hazard map includes past incidents involving operated vessel incidents with the objective to uphold lessons it has learned…
Future USS Gerald R. Ford Underway for Acceptance Trials
The future USS Gerald R. Ford (CVN 78) departed Naval Station Norfolk for its second set of sea trials, known as acceptance trials (AT) May 24. Acceptance Trials demonstrate to the Navy's Board of Inspection and Survey (INSURV) the ship's ability to conduct operations at sea and that the ship is constructed in accordance with contract specifications. Over the next several days, CVN 78 Sailors will operate many of the ship's key systems and technologies…
Denmark Tightene Water Scooter Regulations
Danish Ministry of Industry will launch a set of new initiatives to enhance safety at sea when operating water scooters, jet skis, speed boats and the like. The new initiatives are to prevent accidents at sea by securing, inter alia, that those riding water scooters have the skills needed and are familiar with current regulations. At the same time, the new initiatives are to make it easier to identify…
Piracy Comes Back in Somalia
Piracy in Somalia is making a comeback and the Gulf of Guinea remains the world’s most active hotspot for crew kidnappings, UK Chamber of Shipping said quoting latest data. The report said that during the first three months of 2017, armed pirates hijacked two vessels off the coast of Somalia, an area in which previously no merchant ship had been hijacked for five years. Four further incidents in the region were also attempted this past quarter…
Growth in Merchant Ships Rescuing Migrants: ECSA
European Community Shipowners’ Associations (ECSA)'s Maritime Security Working Group recently had an exchange of views with the European Border and Coast Guard Agency in Warsaw on maritime security issues. The Shipping industry is directly affected by challenges, such as migrants at sea. Whereas the number of migrants rescued from the sea has gone down from the peak-year of 2015, merchant vessels are still often involved in the Search and Rescue (SAR) operations in central…
Hapag-Lloyd, UASC Complete Merger
Hapag-Lloyd and United Arab Shipping Company (UASC) merged yesterday (May 25, 2017). The merger between the two liner shipping companies was completed in Hamburg. With 230 vessels and a shared fleet capacity of approximately 1.6 million TEU, Hapag-Lloyd is the fifth-largest liner shipping company in the world. Hapag-Lloyd will remain a publicly traded company registered in Germany with its headquarters in Hamburg.
Acquisitions to Yield Better Results for Hoegh LNG
Hoegh LNG Partners closed the acquisition of 51% interest in Höegh LNG Colombia Holding, the owner of the entities that own and operate the Höegh Grace on January 3, 2017. The results of the Höegh Grace contributed to the Partnership's earnings for the full first quarter of 2017, says the company. Having closed the acquisition of 51% of the Höegh Grace at the beginning of the quarter, the Partnership…
U.S. Warship Challenges Beijing in South China Sea
A U.S. Navy warship sailed within 12 nautical miles of an artificial island built up by China in the South China Sea, U.S. officials said on Wednesday, the first such challenge to Beijing in the strategic waterway since U.S. President Donald Trump took office. The officials, speaking on condition of anonymity, said the USS Dewey traveled close to the Mischief Reef in the Spratly Islands, among a string of islets, reefs and shoals over which China has territorial disputes with its neighbors.