Panama Canal Welcomes Inaugural Transit of LNG Sakura
The Panama Canal welcomed the inaugural transit of the LNG Sakura as it carried the first-ever liquefied natural gas (LNG) shipment from the Dominion Cove Point terminal in the United States to Japan. The transit, which occurred this past weekend, marks the beginning of a new LNG commercial route between the United States and Asia from the recently inaugurated Dominion Cove Point terminal in Maryland, the second U.S. LNG export terminal to come online after Sabine Pass began operations in 2016.
Container Equipment Market Surges Ahead: Drewry
The move towards container leasing and away from carrier ownership continues unabated and the leased fleet now has a clear majority over that owned by transport operators, according to the latest edition of the Container Census & Leasing and Equipment Insight published by global shipping consultancy Drewry. Leasing companies accounted for 55% of container purchases in 2017, which continues the trend seen for most of this decade.
Grimaldi Group Orders New RoRo Vessels
In the framework of the expansion and modernisation programme of its owned fleet, as anticipated in the last months, the Grimaldi Group has signed yesterday an agreement for the construction of six ro/ro vessels, for a total investment worth over USD 400 million. The order has been awarded to the Chinese shipyard Jinling, thus consolidating an important partnership with the Neapolitan Group, the world's leading company in the ro-ro sector.
MSC Grandiosa to be Named in Hamburg
MSC Meraviglia officially made her maiden call at the port of Hamburg today, marking the start of her new as well as the brand’s best and most accessible-ever season in Northern Europe. At the traditional exchange of crests attended by Senator Horch from the City of Hamburg as well as representatives from the Ports and other institutions, media and travel partners, MSC Cruises, the Swiss-based world’s…
Diana Shipping TC for m/v Salt Lake City with Cargill
Diana Shipping announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Cargill International S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Salt Lake City. The global shipping company specializing in the ownership of dry bulk vessels said that the gross charter rate is US$16,250 per day, minus a 4.75% commission paid to third parties, for a period of minimum eight months to maximum 10 months.
IMO Highlights GHG Strategy
International Maritime Organization (IMO) has reported on the recent landmark adoption of an initial IMO Strategy on reduction of GHG emissions from ships at the Bonn Climate Change Conference (30 April-10 May). IMO’s Edmund Hughes informed the opening of the plenary session that the vision set out in the strategy confirms IMO’s commitment to reducing GHG emissions from international shipping and, as a matter of urgency, to phasing them out as soon as possible in this century.
Danish Shipping Moves Towards a Digital Future
In January and February the Maritime Disruptors Academy premiered when both students and employees in the shipping industry actively engaged on how to make the most of new technology and ways of thinking. Given that the entire Danish maritime cluster will be part of the change the next Academy, which runs in the autumn, will be open for participants across the cluster. Many new technologies knocks on the doors of the maritime sector.
Caledonian Maritime Assets Buys Three Ferries
A deal has been agreed for the three passenger ferries serving the Northern Isles to be purchased outright by Caledonian Maritime Assets Ltd (CMAL) with loan funding from the Scottish Government. The MV Hamnavoe, MV Hrossey and MV Hjaltland, which have previously been leased from Royal Bank of Scotland, will be taken into CMAL ownership. An 18 month extension to the current Northern Isles Ferry Services…
Shipbuilding: HII Awarded Additional Funding for CVN 78
U.S. shipbuilder Huntington Ingalls Inc. has been awarded a $61,315,248 cost-plus-fixed fee modification to a previously awarded contract for additional material and labor supporting planning and the preliminary accomplishment of the post-shakedown availability/selected restricted availability (PSA/SRA) on USS Gerald R. Ford (CVN 78).The planning work will be performed in Newport News, Va., and is expected to complete by summer 2018.
Photo of the Week
Looking back to the aft of container vessel Cap San Antonio. Herbert Boettcher took this photo for Hamburg Süd when he travelled on the container ship Cap San Antonio from Europe to South America and back to Hamburg. Boettcher started with his worldwide long time project Seamotion in 2004. Boettcher is a German professional photographer working worldwide for shipping companies to create photos of merchant ships with his unique visual language.
US’ New Aircraft Carrier 75% Structurally Complete
The next nuclear-powered aircraft carrier for the U.S. Navy is now three-quarters structurally complete following the recent installation of the forward area of the ship’s main deck, shipbuilder Huntington Ingalls Industries (HII) announced today.John F. Kennedy (CVN 79), the second ship in the Gerald R. Ford class of carriers, has been taking shape at HII’s Newport News Shipbuilding division since the ship’s keel was laid in August 2015.
Canada's PM: US Steel, Aluminum Tariffs a 'Very Bad Idea'
Prime Minister Justin Trudeau on Monday said any move by the United States to impose tariffs on Canadian steel and aluminum would be a "very bad idea" guaranteed…
DP World Sets Its Sights on Hyperloop Cargo Shipping
Dubai-based port operator DP World has partnered with Sir Richard Branson’s Virgin Hyperloop One to create a new venture that aims to provide hyperloop-enabled cargo systems.DP World and the U.S.-based Virgin Hyperloop One introduced their vision for “the future of on-demand freight transportation” at an event on April 29 at the historic vessel Queen Elizabeth 2.The joint venture, called DP World Cargospeed, will set out to be the world’s first to ship cargo with hyperloop technology.
China Aims for Global Cruise Shipping Dominance
Last week in Tianjin, China, the Intercontinental Tianjinyujiapu Hotel & Residences played host to The 4th China Maritime Finance (DFTP) Summit, a two-day event which saw nearly 800 delegates from across China gather for discussions on all matters maritime finance, including day one, Wednesday, April 25, dedicated exclusively to the growth and future for China’s cruise industry. As the exclusive international media outside of China to cover the event…
Icebergs Could Float to the Rescue of Cape Town Water Crisis
Marine salvage experts are floating a plan to tug icebergs from Antarctica to South Africa's drought-hit Cape Town to help solve the region's worst water shortage in a century.Salvage master Nick Sloane told Reuters he was looking for government and private investors for a scheme to guide huge chunks of ice across the ocean, chop them into a slury and melt them down into millions of liters of drinking water."We want to show that if there is no other source to solve the water crisis…
ExxonMobil Launches MFMS for Marine Gas Oil in Singapore
ExxonMobil said it is launching its mass flow metering system (MFMS) for marine gas oil (MGO) in Singapore, with the first barge deliveries set to start in May 2018.The Maritime and Port Authority of Singapore (MPA) has mandated that all distillates must be delivered via a MFMS from July 1, 2019. ExxonMobil worked closely with the MPA during a trial that was concluded in October 2017 and is now in a position to launch its MFMS for MGO deliveries ahead of the deadline.According to ExxonMobil…
American Constitution Completes Inaugural Cruise
American Cruise Lines has announced that its brand new 175-passenger cruise ship, American Constitution, completed its inaugural sailing on Chesapeake Bay.The cruise departed from Baltimore on April 18 for an 11-day, 10-night American Revolution itinerary. “American Constitution has been exceptionally well received and all the spring 2018 American Revolution cruises are already sold out,” a company official said.During the inaugural sailing last week…
Interlake Charters Barge for Great Lakes Service
Ohio-based shipping firm the Interlake Steamship Company announced it will time charter a 418-foot, 14,400-short-ton capacity dry cargo barge from the U.S. East Coast to operate on the Great Lakes starting this spring.The single-hold covered hopper barge Montville, owned and operated by Connecticut-based towing services provider Moran Towing Corp, will be under charter through 2019 with options to extend.The time charter deal marks a first for Great Lakes carrier Interlake…
Taiwan: The Next Battleground for Offshore Wind
Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in Asia for a technology that has been expanding fast in Europe.Taiwan announced results on Monday of its first major offshore wind farm auction that aims to add 3.8 gigawatts (GW) of capacity to its existing network of just 8 megawatts (MW).The island's offshore wind market is expected to expand to 5.5 GW by 2025…
Thordon to Eqip New Class of Towboat
Thordon Bearings, of Burlington, Ont., has received an order to supply four comprehensive shipsets of stern gear for a new class of towboat.The four boats are being built by U.S. shipyard Master Marine of Bayou La Batre, Ala., for Waterfront Services, based in of Cairo, Ill.. The new vessels have been designed to meet the requirements of Subchapter M, a set of federal rules recently introduced by the U.S.