Baltic Index Down for 15th Straight Day
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, on Monday fell for the 15th straight session, hurt by weak rates across all vessel segments. The overall index — which considers rates for capesize, panamax, supramax and handysize shipping vessels — fell 9 points, or 1.08 percent, to 821 points, its lowest level in over three months. The capesize index shed 21 points, or 1.53 percent, to end at 1,353 points.
Strike Disrupts Spanish Ports and Trade Routes
Some of Spain's biggest port terminals came to a standstill on Monday as shipping companies redirected cargos to avoid a dockers' strike. After months of talks between unions, companies and the Spanish government over a reform of port hiring practices, dockers held the first of several planned strikes to protest against possible job losses. Some container shipping firms such as Maersk re-routed boats destined for the southern port of Algeciras to get around the strike…
Coast Guard to Be Honored in DC
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced that its 13th Annual Tribute to the United States Coast Guard in Our Nation’s Capital will take place on Tuesday, June 6, 2017 at the National Building Museum, Washington, D.C. Secretary of Homeland Security John F. Kelly and Admiral Paul F. Zukunft, Commandant of the Coast Guard will deliver keynote remarks.
Interlake Steamship Moves First ‘Mustang’ Pellets
The 1,004-foot M/V James R. Barker has sailed from the Twin Ports with a new specialized cargo: 60,000 tons of Mustang superflux pellets – the first shipment of its kind since the new pellet production began at Cliffs Natural Resources Inc.’s United Taconite mine last month. The specialized Mustang pellets, which will be used for the automotive industry and other markets, contain a higher level of calcium added to dolomite and limestone than the standard taconite pellets.
Smallest Hydrotab Intercerptor Trim Tabs Yet
Hydrotab has introduced its smallest Interceptor Trim Tab yet, the 160BT. Engineered for boats up to 20', or for use on unique hull designs, the units are available through the company's exclusive North American distributor, GlobalTec Solutions. The new 160BT has all of the great benefits as the rest of Hydrotab's BT series. An interceptor-style, it creates lift with less surface drag than a traditional trim tab plate. It delivers improved boat control and enhanced fuel economy.
Salvors to Raise Sunken Tug in Alaska
A crane barge that will be used to hoist a sunken tug in Sitka, Alaska has arrived to the wreck site. The evolution to raise the tug is expected to take up to 10 days, the U.S. Coast Guard said. U.S.
Global Marine Group Keeping Busy in 2017
Offshore engineering firm the Global Marine Group (GMG) reported a busy first five months of 2017 with a strong outlook for the rest of the year. The company said all key assets from the GMG fleet are currently mobilized, either supporting maintenance zone agreements around the world, or on installation, maintenance or repair contracts. “As we head into the summer months, we are extremely pleased about our robust activity level…
Austal USA Earns SCA Safety Award
Austal USA was recognized again as one of the safest shipyards in the country by the Shipbuilders Council of America (SCA) at their quarterly meeting in mid-May.
Italy, France Seek Rapid Solution to STX Stake Sale
Italy and France have agreed to seek a rapid solution in discussions over selling a large stake in the STX France shipyard to Fincantieri, Italy's economy ministry said on Monday. Italian Economy Minister Pier Carlo Padoan and Industry Minister Carlo Calenda discussed the planned sale with French Finance Minister Bruno Le Maire in Rome. "Taking into consideration the openness of both countries to foreign direct investment…
LNG as Fuel: Challenges & Opportunities
Environmental regulations are the main driver in reducing these emissions worldwide. Although until recently ECA zones were limited to a few areas, the IMO has now decided to limit SOx emissions worldwide and by 2020 all newbuilds will have to comply with its new regulations. The challenge for the shipping industry, however, is not only to comply with the IMO 2020 sulfur cap but also to catch up with…
TOP Ships Buys Stake in M/T Stenaweco Elegance
Ship owner TOP Ships Inc. said it will purchase for $6.5 million an additional 41 percent interest in Eco Seven Inc., a Marshall Islands company that owns M/T Stenaweco Elegance…
Volvo Penta Powers Chicago Sightseeing Boat
The newest addition to the Shoreline Sightseeing fleet in Chicago is powered by a pair of D13 400 hp Volvo Penta engines. MV Skyview is Shoreline’s first vessel with Volvo Penta engines, and according to Captain Chris LeBlanc, senior captain and Shoreline manager, Skyview is burning less than three gallons per hour for both engines during sightseeing tours. Other comparable boats in the fleet consume more than 10 gph.
New Eco-friendly Tour Vessel Announced
Incat Crowther said that construction is underway for an innovative tour vessel to operate in Tasmania’s south west. The vessel will be operated by Gordon River Cruises and will offer interpretive tours into the heart of the UNESCO Tasmanian Wilderness World Heritage Area. From the inception of the project, priority was put on delivering a superb customer experience. Incat Crowther developed a concept…
UK, France, US Sign Trilateral Submarine Agreement
Naval leaders from the United Kingdom, France and the United States signed an agreement June 1, designed to increase coordination for anti-submarine warfare activities of the three countries as they operate in the 5th Fleet area of operations. Commander, U.S. Naval Forces Central Command (NAVCENT) Vice Adm. Kevin M. Donegan signed the trilateral agreement with Vice Adm. Louis-Michel Guillaume, commander, French Submarine and Strategic Oceanic Forces (ALFOST) and Rear Adm. Robert K.
ICS to Reassert commitment to Green Agenda at UN
This week (5-9, June) the United Nations General Assembly is holding a major conference in New York on the sustainability of the oceans and how the UN can best implement its Sustainable Development Goal (SDG 14) concerning the protection of the oceans which was adopted at the UN Summit of world leaders held in Rio de Janeiro in 2012. ICS will make the case that the shipping industry is undoubtedly a driver of ‘green growth’ given its impressive environmental performance.
UN Conference Opens, Call to Protect Oceans for Future Generations
Opening the Ocean Conference, UN officials stressed the need to protect and conserve the world's oceans for future generations. Opening a “game-changing” international conference on the health of the world’s oceans and seas, top United Nations officials today urged coordinated global action to protect the planet. Speaking in the UN General Assembly Hall, Secretary-General António Guterres cautioned Governments that unless they overcome short-term territorial and resource interests…
Pirates Make a Comeback?
A new report by U.S.-based One Earth Future Foundation Inc.'s Oceans Beyond Piracy program found that seafaring incidents involving kidnap for ransom jumped in 2016. Asia led the way with 125 instances of piracy, while West Africa had 95. Incidents of kidnap for ransom rose in West Africa and in Asia (in the Sulu and Celebes Seas specifically) from 2015 to 2016. 2016 saw a 57% rise in the number of seafarers affected by piracy in West Africa.
FEPORT Releases Strategic Roadmap for Future
Federation of European Private Port Operators and Terminals (FEPORT) members have exchanged about the strategic roadmap of the organization for the three coming years in in Klaipeda at their General Assembly gathering. They have also commented the adoption of the Ports Regulation (in February 2017) and the General Block Exemption Regulation (in May 2017). “Both texts have mobilized our membership and…
MSC Cruises Welcomes Meraviglia
The Switzerland-based MSC Cruises welcomed its new giant, MSC Meraviglia, first in a new class of ships. MSC Cruises officially christened its newest cruise ship, the MSC Meraviglia, in a ceremony led by the ship’s godmother, Sophia Loren, last week in Le Havre. MSC Meraviglia is the company’s new flagship and the 13th addition to the MSC Cruises fleet, as well as the first new MSC Cruises ship due to come into service under the cruise line’s new investment plan.
Korea’s Big 3 Yards in Path of Recovery
South Korea’s shipbuilders are expected to recover this year after suffering from a global industrywide slump, reported The Korea Economic Daily. The report said that Hyundai Heavy Industries (HHI) and Samsung Heavy Industries (SHI) have already achieved more than a half of their annual targets. SHI clinched deals worth US$4.8 billion coming into this year, which accounts for 74 percent of its annual target of $6.5 billion.