CMA CGM: Terminal Deal with China Merchants Complete
CMA CGM said on Friday it had finalized an agreement with China Merchants Port Holdings Co.
Coast Guard Swaps Buoys on Chesapeake Bay
The crew of the US Coast Guard Cutter James Rankin has finished replacing the summer buoys with seasonal winter buoys on the Chesapeake Bay, Md., Friday.Throughout the month of December the crew replaced 66 summer buoys and removed the Francis Scott Key buoy in preparation for the winter season. The seasonal buoys are kept in until late February or early March.Ice and snow have the potential to damage…
USCG Cutter Washington Island Decommissioned
The U.S. Coast Guard Cutter Washington Island (WPB 1331), a 110-foot Island Class patrol boat, was decommissioned after nearly 30 years of service as part of recapitalization efforts during a ceremony at Naval Base Guam, Wednesday.Rear Adm. Kevin E. Lunday, commander, Coast Guard 14th District presided over the ceremony. Washington's years of service included numerous law enforcement cases, safety and security enforcement patrols…
Cruise Ships Collide in Cozumel, Carnival Liner Damaged
Two cruise ships collided in a port in the Mexican Caribbean resort of Cozumel on Friday, causing damage to the stern of Carnival Corporation's Carnival Glory and leaving one passenger with a minor injury, Carnival said."Carnival Glory was maneuvering to dock when it made contact with Carnival Legend which was already alongside," Carnival said in a statement. "We are assessing the damage but there…
MSC Re-Routes Cargos Due to French Strikes
Swiss headquartered container shipping company MSC said on Friday it was implementing contingency plans to re-route container ships away from French ports when necessary due to strikes in the country."MSC Mediterranean Shipping Company is closely monitoring the situation in France where industrial action by labour unions is impacting maritime ports and overland transportation networks around the country…
Naval Group Delivers OPV "A.R.A. BOUCHARD"
The Offshore Patrol Vessel (OPV) L’Adroit has adopted the Argentinian flag and becomes the A.R.A. BOUCHARD. The first one of the four OPVs ordered by Argentina has been designed and developed by Naval Group on its own resources. Handed over to the Argentinian Navy two months ahead of schedule and after only ten months of upgrade and modernization works. The three others OPVs will be delivered from…
Maersk India Trade Report Q3 2019
India’s import and export container trade in Q3 2019 (July-September) remained flat as compared to global growth of 1.5%. The slowdown is aligned closely with the weaker domestic demand, as well as a reflection of the broad-based cyclical weakening of the economic environment in all the main global economies. The negative effects from escalating trade restrictions also weighed on trade growth in the quarter.
BY THE NUMBERS: the OSV Markets
US Offshore Support Vessel Analysis 2018 and 2019. The US GOM Offshore Support Vessel (OSV) market is suffering, utilization remains poor, and many owners are still squeezed financially. However, a poor market forces people to adapt and for those willing to take risks, the upside can be extremely large.US Owners 2018 vs. 2019: Within the US GOM, 2018 saw a period of strategic thinking and tactical business decisions.
Dutch to Build Combat Support Ship
On 19 December the Cabinet of the Netherlands’ Government has submitted a so-called D-letter to the Parliament, to begin the construction of the Combat Support Ship Zr.Ms. Den Helder. The D-letter, part of the Defense Materiel Process (DMP), is the conclusive letter announcing the procurement decision for a large military project. With this new ship, the supply capacity of the Royal Netherlands Navy (RNLN) will once again expand to two ships.
Harvey CEO Acquires Harvey’s Interest in QLNG
Shane Guidry, CEO of Harvey Gulf International Marine, has announced he has purchased Harvey’s 30 percent ownership in Quality Liquefied Natural Gas Transport (QLNG). The CEO previously owned 70 percent of QLNG with Harvey and now controls 100 percent.In connection with the announcement, Mr. Guidry commented: “QLNG didn’t quite fit into Harvey’s core business and future. At Harvey, we are focused on growing globally, which we’ve done over the last 12 months.
Singapore Jails Tanker Captain in Shell Theft Case
The captain of a Vietnamese oil tanker has been jailed for over five years in Singapore for his role in a scheme that saw around $150 million of oil stolen from Shell's biggest refinery over several years.Doan Xuan Than, 47, was sentenced to 66 months in prison on Thursday, a spokesman for the State Courts of Singapore said, becoming the second person jailed in a case that also involves former employees…
China Stocks up on VLSFO Ahead of IMO2020 Deadline
Chinese marine fuel suppliers have signed up short-term deals to buy very low-sulphur fuel oil from companies like oil major Shell, Germany's Uniper and U.S. commodities trader Freepoint ahead of a new standard on emissions for the global shipping industry that kicks in on Jan. 1.While China's state refiners have pledged to produce a combined 14 million tonnes of the fuel for 2020 that complies with the tighter rules set by the International Maritime Organization (IMO)…