First Containership Retrofitted to Run on LNG
The world’s first containership retrofitted with a liquefied natural gas (LNG) engine was launched on August 23, 2017. Since May 2017, the 1,000 TEU containership Wes Amelie, owned by Wessels Reederei based in Harem/Ems, has undergone an engine conversion at the German Dry Docks in Bremerhaven, and from this point forward will run on LNG fuel. Experts from the Hamburg based company Nauticor were selected to conduct the vessel’s initial LNG bunkering at the Kühlhauskai in the Port of Bremerhaven.
GE to Upgrade P&O Cruises' Oceana
P&O Cruises, part of Carnival Corporation & PLC, has chosen GE’s Marine Solutions once again to provide upgrades on board its 77,499-ton cruise vessel Oceana. Formerly known as Ocean Princess, the cruise ship was built in 1998 and had GE’s Syconum 2 electronic controller on board. GE will now be responsible for replacing existing controllers with the new generation of power electronics controllers on the four propulsion drives.
Clean Tanker Rates Soar on Strong Fuel Consumption
Mideast demand especially strong due to refinery outages. Rates for tankers carrying refined fuels like gasoline and diesel have soared this month as trade activity picked up and caused a supply crunch in ships, several shipbrokers and traders said. The high rates indicate strong consumer fuel demand due to the persistently low crude oil prices that have resulted from years of oversupply, refiners said. "Our order books are pretty good.
Baltic Index Dips Again on Sagging Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the third consecutive session on Thursday, weighed down by weaker rates for larger vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, fell 22 points, or 1.8 percent, to 1,200 points. The capesize index slipped 49 points, or 2.06 percent, to 2,333 points.
DP World 'Confident' of meeting FY View
DP World, one of the world's largest port operators, said on Thursday it was confident it would meet full-year market expectations as it reported a flat half-year net profit. The Dubai-headquartered firm made a profit of $606 million attributable to the owners of the company in the six months to June 30, according to a bourse statement. The earnings, which were in line with analyst estimates, according to Thomson Reuters data, compare with a $608 million profit in the same period a year earlier.
Oil Firm Evacuate Workers as Storm Approaches Texas
Oil companies evacuate workers as storm takes aim at Texas. Royal Dutch Shell, Anadarko Petroleum and Exxon Mobil announced they were curbing some oil and gas output on Wednesday at facilities in the Gulf of Mexico ahead of a storm expected to hit the Texas coast later this week. The U.S. National Hurricane Center (NHC) issued a hurricane watch Wednesday for much of the Texas coast, calling for slow-moving Tropical Depression Harvey to intensify as it nears landfall.
Matson to Upgrade Honolulu Terminal
Matson Navigation Company, a leading U.S. carrier in the Pacific, has signed contracts with Paceco Corporation for the purchase of three new 65 long-ton capacity cranes and modifications to upgrade three existing cranes at its Sand Island Terminal in Honolulu Harbor. The investments are part of a broader $60 million terminal expansion and modernization program Matson is undertaking to prepare its operational…
Kalmar Signs Deal with DP World Australia
Kalmar, part of Cargotec, continues its long-term cooperation with DP World Australia, the country's largest stevedore, with orders of 38 new machines for its new logistics arm, DP World Logistics Australia. The orders include 7 Kalmar reachstackers, 11 loaded and 20 empty container handlers. 22 units have successfully been delivered to DP World Logistics Australia's Botany Intermodal terminal with the remaining equipment to be delivered by September 2017.
Search Area Expanding for USS John S. McCain Sailors
The search for missing Sailors assigned to the guided-missile destroyer USS John S. McCain (DDG 56) continues in the South China Sea and within the ship itself. On Aug. 22, Adm. Scott Swift, commander, Pacific Fleet, announced that the remains of a number of the 10 missing John S. McCain Sailors were discovered within the ship. On Aug. 23, U.S. Navy and Marine Corps divers continue to search the ship, seeking to locate more of the missing Sailors.
King Abdullah Port Throughput up by 14% In H1 2017
King Abdullah Port announced the increase of its throughput to 821,694 TEU in the first half of 2017, representing an increase of around 14% compared to the same time last year, where the throughput was 720,483 TEU. The port also announced an increase in the number of vessels received during the same period, reaching 398 vessels compared to 349 in the first half of 2016, also representing a 14% increase.
HMM’s Cargo Processing at Busan Port Hit Record
Hyundai Merchant Marine (HMM) announced that its cargo processing at Busan Port, the largest sea gateway in Korea, has hit a new record. HMM handled 167,018 TEUs of cargo through the port in July, increased by 93 percent year-over-year. HMM has previously set a record of handling over 150 thousand TEUs in Busan Port in April and successfully set a new record of handling over 160 thousand TEUs after just three months.
Diana Containerships Reports 1-for-7 Reverse Stock Split
Diana Containerships, a global shipping company specializing in the ownership of containerships, today announced that its Board of Directors has determined to effect a reverse stock split of the Company’s common shares, par value $0.01 per share, at a ratio of one-for-seven. The Company’s shareholders approved the reverse stock split and granted the Board the authority to determine the exact split…
OOCL Germany Delivered
OOCL celebrated the christening of Hull H2173, a 21,413 TEU newbuilding constructed at the Samsung Heavy Industries shipyard on Geoje Island. Named as OOCL Germany, this mega containership is the second of the six 21 thousand TEU class vessels on order at the shipyard and they are an important part to enhancing the competitiveness and efficiency of our modern fleet. As with many of our newbuildings…
Tropical Storm Harvey heads for Texas, May Strengthen
The Texas Gulf Coast was getting ready for the tropical storm Harvey to make landfall by Friday, bringing with it strong winds, heavy flooding and torrential rains.
Fincantieri Floats Out MSC Cruises Newbuild
The second ship in the MSC Cruises’ Seaside class, MSC Seaview, has entered the final phase of construction at the Monfalcone shipyard in Italy, where MSC Cruises and FINCANTIERI celebrated the vessel’s float out. MSC Seaview is the second of MSC Cruises’ Seaside generation of cruise ships, based on a prototype designed to bring guests closer to the sea, for warmer climates and the ultimate sun and sea cruise experience.
Weeks Marine Selects Vessel 365 for SubM Compliance
Weeks Marine has selected MarineCFO’s Vessel 365 product to achieve Subchapter M compliance for the 15 tugs in its Marine Services Division. Jan Andrusky, Towing General Manager for Weeks Marine, said, "We are very pleased with the Vessel 365 product. The functionality is exactly what Weeks Marine and the tug and barge industry needs to achieve Subchapter M compliance. Vessel 365 will help us meet regulatory requirements and is an ideal complement to our Towing Safety Management System.
Bangkok’s Chao Phraya Tourist Boat
Many visitors to Bangkok will experience a ride on the Chao Phraya Express boats. These long, sleek, wooden, commuter boats, with their dramatically raked bows, are a staple of the river’s traffic. They can also be very crowded and, with many stops, a bit of a challenge to the tourist. A popular alternative is the tourist boats. These vessels have a more limited route and series of stops, all of which are near important tourist destinations such as the Grand Palace and Wat Arun…
Grindrod Plans to Spin off Shipping Business
Grindrod, the South Africa-listed freight logistics and shipping services firm, is planning to separate and list its shipping business in order to unlock its value, the company said on Wednesday. Grindrod, which also has a financial services business, has held the view for many years that the value of its shipping services was not fairly reflected in its share price. Executive Chairman Mike Hankinson said the board has resolved to investigate a separate listing of the business offshore.
Two New Tugs for KZN Ports
Transnet National Ports Authority (TNPA) celebrated a twin milestone for its KwaZulu-Natal ports as part of its R1.4 billion ($106.3 million), nine-tug construction contract. On Thursday, 22 August the new USIBA tug was christened and named ahead of its delivery to the Port of Richards Bay, while the Port of Durban took delivery of its Umbilo tug which had been launched and named in May. The vessels are the sixth and seventh respectively to roll off the production line on time and within budget.
Seaspan Takes Delivery of 11,000 TEU Containership
Seaspan Corporation said it has accepted delivery of the MSC Shuba B, an 11,000 TEU containership that will commence a 17-year fixed-rate bareboat charter with Mediterranean Shipping Company S.A.