Capesize Rates Post Biggest Weekly Drop in 2 Years
The Baltic Exchange's main sea freight index fell on Friday and continued to linger around five month lows as the capesize segment recorded its biggest weekly percentage decline in two years. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels that ferry dry bulk commodities, shed 14 points, or 1.23 percent, to 1,125 points, the lowest since Aug. 10, 2017. For the week, the index ended 12 percent lower.
NTSB Issues Report on 2016 Columbia River Bulker Grounding
The National Transportation Safety Board (NTSB) issued a report on its investigation into the November 2016 grounding of the bulk carrier Nenita in the Columbia River.
Washburn & Doughty Wins Hybrid Tug Orders
East Boothbay, Maine based Washburn & Doughty said it has secured a contract with Harbor Docking and Towing, of Lake Charles, La., to design and build two 93’ x 38’ Hybrid Z Drive Tugs.
Royal IHC Launches TSHD Newbuild
A new multipurpose 5,450m3 trailing suction hopper dredger (TSHD) was officially named and launched during a ceremony on January 11 at Royal IHC’s shipyard in Krimpen aan den IJssel, The Netherlands. The dredger, named DC Orisant, is being built for a joint venture between Den Herder (Reimerswaal Dredging) and Group de Cloedt and is slated for delivery in mid-2018 for work in the dredging and offshore wind markets.
Asbestos: Maritime’s Ticking Time Bomb
The International Maritime Organization (IMO) should amend regulations banning the use of asbestos and asbestos containing materials (ACM) in ships, says John Chillingworth, senior marine principal at Lucion Marine. Regulations under the International Convention for the Safety of Life at Sea (SOLAS) state that if asbestos is found onboard a ship built after July 2002 then the vessel’s flag registry…
Yanmar Rolls Out New Marine Power Offerings
Yanmar has already introduced several new products for the marine market in 2018, including a new common rail inboard marine diesel engine touted as the world's smallest, higher horsepower offerings in its mid range series, and expanded joystick controls. Yanmar Marine International has launched the latest addition to its family of new generation common rail (CR) diesel engines, the compact Yanmar 3JH40 inboard engine, at boot Düsseldorf.
Congressional, Maritime Leaders Support Jones Act on the Hill
The House Transportation and Infrastructure Subcommittee on Coast Guard and Maritime Transportation held a hearing Wednesday on “The State of the U.S. Flag Maritime…
U.S.-bound LNG Tanker with Russian LNG Diverted
A liquefied natural gas (LNG) tanker probably carrying some supply from a Russian export project has been diverted from the United States, ship-tracking data shows.
China: Sunken Tanker Sanchi May be Leaking HFO
A sunken Iranian oil tanker may be leaking heavy bunker fuel as well as light oil off the east coast of China and the best remedy was to recover the vessel, officials said on Friday.
Ocean Network Express Completes Merger Approvals
South Africa’s competition watchdog becomes final signatory allowing Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL ), Nippon Yusen Kabushiki Kaisha (NYK ) merger…
G2 Ocean Names Wallem
Wallem Ship Agency has been appointed by G2 Ocean to provide Ship Agency services to all their vessels calling in ports in SE Asia. The agreement has been made with Wallem Ship Agency in Singapore…
Digital Naming of Stena Immortal
The digital naming of the MR tanker Stena Immortal took place January 18 at Stena's new office in Hellerup in the north of Copenhagen. The 50,000 dwt Stena Immortal…
UK Chamber Stand on Seafarers Minimum Wage
The Government's newly issued 'Guide to the application of the Equality Act 2010 and National Minimum Wage for seafarers' does not make any change to legal entitlement for those working in UK waters…
Global Ship Lease Eyes Acquisitions
The London-based Global Ship Lease (GSL) said that it is well-positioned as one of few publicly listed containership leasing companies to acquire attractive portfolios of ships…
EU Ports Stress on Open Investment Environment
European Commission published a Proposal for a Regulation establishing a framework for screening of foreign direct investments into the European Union and a Communication…
USNS Brunswick Departs Malaysia
The expeditionary fast transport ship USNS Brunswick (T-EPF-6) concluded a port visit to Kuching, Malaysia, Jan. 17. The crew took advantage of the opportunity to…
GOGL Acquires New Vessel
Norway based dry bulk shipping company Golden Ocean Group Limited (GOGL) has taken delivery of the second vessel, Sea Monterrey (to be renamed Golden Monterrey).
Pirates Release Tanker and Crew in Gulf of Guinea
Product tanker MT Barrett has been released and all crew are safe following a six-day piracy incident in the Gulf of Guinea, U.K. based Union Maritime has confirmed. Union Maritime said it lost communications with its 11,999-dwt product tanker while the vessel was at anchor off Benin, West Africa on the morning of January 10, after which the company immediately implemented its emergency response plan and alerted regional maritime authorities and other vessels.
MISHA to Install DESMI BWMS Fleet-wide
Danish firm DESMI Ocean Guard A/S said it has finalized a contract to supply CompactClean ballast water management systems (BWMS) to the entire fleet of Turkish ship owner MISHA Shipping. The contract includes delivery of 10 CompactClean BWMS in sizes from 340 to 750 m3/h, with the first system to be delivered later in 2018 for the m/v Mohican currently under construction. MISHA Shipping is a privately held company with both shipping and shipyard activities.
Ludin Charters Simon Møkster PSV
Norwegian offshore vessel owner Simon Møkster Shipping AS said it has been awarded a contract with Lundin Norway AS for the platform supply vessel (PSV) Stril Mar. The 2016-built Stril Mar will be under firm contract until the summer of 2018, plus additional options.
