Baltic Index Hits More Than 3-year High on Strong Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose to its highest in three-and-a-half years on Friday, boosted by strong capesize rates. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels, rose 32 points, or 2.18 percent, to end at 1,502 points, its highest since March 2014. The capesize index was up 199 points, or 6.75 percent, at 3,147 points, its highest level since November 2014.
Michelsson to Join Evac
Waste, wastewater and water management systems provider Evac has appointed Tomas Michelsson as the President, Offshore and Merchant business area, effective January 8, 2018. Michelsson will replace the former President, Claes Rudling, who has retired during the summer. Michelsson previously worked as the Vessel Type Responsible (VTR) Global Sales Manager, Ro-Pax and Yachts, ABB Marine, and as the Director, Marine and Offshore business unit, Marioff.
Migrant Boat Sinks off Turkish Coast, Four Dead
Four people drowned when a fishing boat carrying migrants sank off the Turkish coast in the Marmara Sea on Friday, the coast guard said in a statement. The boat…
Lamprell's Revenue Falls 65 pct, Cuts FY Forecast
Oil rig builder Lamprell Plc reported a 64.7 percent fall in revenue in the first half of the year and cut its full-year forecast, hurt by lower activity levels across the industry. The company said it expected revenue for 2017 to be in the range of $370 million to $390 million, as it saw continuing low levels of walk-in work. Lamprell had forecast full-year revenue to be in the lower half of the $400 million-$500 million range in March.
U.S. Navy Carrier Drills with Japanese Navy
The U.S. Navy carrier Ronald Reagan is conducting drills with Japanese warships in seas south of the Korean peninsula, Japan's military said on Friday, in a show of naval power as Pyongyang threatens further nuclear and missile tests. The Reagan strike group will conduct a separate drill with the South Korean Navy in October, the defence ministry said in a statement distributed to South Korean lawmakers on Monday.
Hawaii Stevedores Commits Kapalama Container Terminal
Honolulu-based Hawaii Stevedores, Inc. has received confirmation from Hawaii State Department of Transportation (HDOT) that, together with the state, Hawaii Stevedores will continue the joint development of the Kapalama Container Terminal (KCT). The state has confirmed its commitment for Hawaii Stevedores to lease the new 84-acre, state-of-the-art KCT, which will be constructed at the former Kapalama Military Reserve Terminal at Sand Island in Honolulu…
Neptune Shipyard Completes First AIDAnova Module
A module of the new cruise ship AIDAnova has been released into the water for the first time at the Neptun shipyard in Rostock, which belongs to the Meyer Group. This is the first of two floating parts, so-called Floating Engine Room Units (FERU), which was placed onto the Warnow river with a special lowering device. The complex module, which stretches over 120 meters long, 42 meters wide and is three decks high…
First Floating Dry Docks
The Operational and Maintenance departments of Antwerp Port Authority will shortly be merged to form a "Nautical & technical cluster." The new entity will have two floating dry docks at quay 602-612 for repairing its own fleet. This will put an end to the "fixed docks" on Dry Dock Island where the first facility was built in 1861. The new dry docks will be able to take vessels from 1500 to 1750 tonnes…
Marine Biofuels As Sustainable Alternative For Shipping
The inaugural biofuel roundtable was held in Singapore today to drive discussions on the use of biofuels as a sustainable alternative fuel for the future of shipping. Organised by the Maritime and Port Authority of Singapore (MPA), BHP and GoodFuels Marine (GoodFuels), the closed-door roundtable event brought together shipowners of different ship types to network, share insights into the use of biofuels…
Investment Plans for Europe Transport
To complete the Trans European (TEN-T) Network, 750 billion euros is still needed. 30 European transport associations, representing infrastructure managers, operators, local authorities, users and equipment suppliers in the maritime, inland waterways, railways, road, cycling, aviation and intermodal sectors, call for strong financial support for the completion of the network. European citizens and customers require safer…
European Shipowners Back EU, Canada Trade Agreement
European shipowners have welcomed provisional application of the Comprehensive Economic Trade agreement between the EU and Canada (CETA). The CETA agreement will boost trade considerably between the EU and Canada. It will cut customs duties and open new markets for shipping companies such as dredging, movement of empty containers and certain transportation between Canadian ports. "It is important for the EU to sign ambitious trade agreements such as CETA…
Newcastle Completes Operations with US 5th Fleet
HMAS Newcastle has completed an attachment with the US Navy’s 5th Fleet in the Arabian Gulf while deployed on maritime security operations in the Middle East region. During the two-week attachment supporting the USS Nimitz Carrier Strike Group (CSG-11), Newcastle conducted escort operations and a range of naval manoeuvres with USN ships. Commander of Australian Forces in the Middle East, Major General John Frewen…
Organisations Across Europe Ask EU to Invest More in Transport
With the slogan “More EU budget for transport, the best investment plan for Europe” a coalition of thirty European transport organisations are launching today their campaign for a strong connecting Europe Facility for the next financial period 2021-2028. “We are very pleased to see that 30 transport organisations, covering all modes and nodes, service providers, users and cargo owners are supporting this plea for a strong financial support for the completion of the TEN-T network…
Navy Awards Contract for Columbia Class Submarine Development
The Navy awarded a $5.1 billion contract to General Dynamics Electric Boat for Integrated Product and Process Development (IPPD) of the Columbia Class submarine Sept. 21. The IPPD contract award is for the design, completion, component and technology development and prototyping efforts for the Columbia Class Fleet Ballistic Missile Submarines (SSBNs). This work will also include United Kingdom unique efforts related to the common missile compartment.
Norwegian Authorities Investigation on HARRIER
The HARRIER is still under arrest in Norway after its owners failed to illegally set sail for the dangerous and dirty scrapping yards in Gadani, Pakistan, last February. The owners are now forced to find a safe and environmentally sound recycling destination. In parallel, investigations are still ongoing following the charges pressed by the Norwegian environmental authorities against the owners of the TIDE CARRIER for having attempted to breach existing waste trade laws.
BV Approves Braemar’s LNG Containment System
Braemar Technical Services announced that Bureau Veritas (BV) has issued a General Design Approval for the FSP Type B LNG Containment System (FSP). Starting with the General Dynamics NASSCO-patented tank design, for which the American Bureau of Shipping (ABS) and Lloyd’s Register had issued Approval in Principle (AiP) several years prior, Braemar engineered a new and improved containment system that meets the demands of LNG storage in marine, offshore and onshore applications.
New Projects for Boksa Marine Design
Florida based naval architecture and marine engineering firm Boksa Marine Design said it has kept bust over the past few months, with many of its 2017 projects having progressed from design and engineering phases on some and build-to-water on others. Boska provided an update on several of those projects. J&M Metalworks of Green Cove Springs, Fla. has been working on the initial phases of construction of a 140’ passenger vessel.
France Sees Quick Accord on STX, Sees Naval Deal Taking Longer
France hopes for agreement over the future of the STX France shipyards at a Franco-Italian summit on Sept. 27, but a separate deal on warship co-operation would take longer to negotiate, French Finance Minister Bruno Le Maire said on Thursday. "I would like us to have an agreement between the French and Italian governments on STX for the summit on September 27," Le Maire told reporters after a meeting with suppliers in the aerospace sector.
IMS Group Buys OceanSaver Assets
Norway’s IMS group AS announced it has signed a purchase agreement with the OceanSaver Trustee to acquire the ballast water treatment system manufacturer’s intellectual property…
Horizon Shipbuilding to 'Reorganize' Amid Insufficient Revenues
Horizon Shipbuilding announced it will reorganize amid revenues insufficient for maintaining normal operations. Lance C. “Last year, Travis R. Short, President of Horizon Shipbuilding saw an opportunity to repeat a great construction performance from 2012. Namely, an unheard of quantity of vessels in a very short period of time starting from ground zero. Hornblower (HNY Ferries) offered just this type…