Baltic Index Continues to Rise on Firmer Capesize Demand
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Wednesday for the third consecutive session, boosted by stronger demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 13 points, or 0.7 percent, at 1,760 points.* The capesize index gained 44 points, or 1.3 percent, at 3,515 points, its highest since Dec.
LNG Carrier Completes Record Arctic Transit
An icebreaking liquefied natural gas (LNG) carrier has completed a record journey through the Northern Sea Route (NSR) in the Arctic.The Christophe de Margerie owned and operated by Sovcomflot (SCF Group) covered the distance of 2,360 nautical miles eastward through the NSR, from the port of Sabetta (Yamal Peninsula) to Cape Dezhnev (the Bering Strait), in seven days and 17 hours, a new record time for a merchant ship without icebreaker support during the month of July.
35 Seafarers Kidnapped in Gulf of Guinea in 2018 -Report
Nigerian pirates have kidnapped 35 seafarers from vessels in the Gulf of Guinea so far this year, according to security firm EOS Risk Group.Nigeria continues to be the world’s epicenter for piracy activity. From January through June 2018, EOS recorded 34 Nigerian pirate attacks on merchant and fishing vessels in the Gulf of Guinea. These attacks resulted in the kidnap of 35 seafarers for ransom and the hijacking of several vessels…
NYC Ferry Adds Two New Routes
Two more routes will be added to New York City's popular new ferry service, connecting millions of New Yorkers to new neighborhoods, growing job centers, housing and more.The new Soundview and Lower East Side routes will be launched later this month, according to the New York City Economic Development Corporation (NYCEDC) and NYC Ferry operated by Hornblower.The Soundview Route will launch on August 15…
New US Riverboat American Song Nearly Complete
American Cruise Lines' new vessel, American Song, the first modern riverboat in U.S. history, is nearly complete.This week, American Song, under its own power, moved from the East Outfitting Basin at Chesapeake Shipbuilding in Salisbury, Md., to the yard’s outfitting bulkhead for the final outfitting touches.American Song is set to make its inaugural cruise October 6, 2018 on the Mississippi River from New Orleans.
Trump Bets on New European LNG Terminals
U.S. President Donald Trump expects the European Union to fund 9 to 11 liquefied natural gas (LNG) ports to absorb "vastly" more shipments from the United States but current EU investment in new projects will only help open small markets.In a White House press conference with Italian Prime Minister Giuseppe Conte late on Monday, Trump said part of the U.S.-EU trade talks sought to expand America's…
Fugro H1 Profit Boosts Shares
Dutch deep-sea prospector Fugro on Wednesday surprised the market with a first-half profit, driven by strong growth in offshore wind projects, sending its shares sharply higher.The company, hit by a downturn in the oil sector in recent years, reported first-half earnings before interest and tax (EBIT), excluding exceptional items, of 4.0 million euros ($4.7 million) compared with a year-earlier loss of 25.3 million euros.Analysts in a poll conducted for the company had on average expected an EBI
France Confirms Fincantieri-STX Shipyard Deal, Cautious on Defense Merger
The French government continues to support Italian shipbuilder Fincantieri's takeover of STX France, finance minister Bruno Le Maire said on Wednesday, but cautioned against hastening a related defense naval merger.Speaking in Rome after a meeting with the Italian government, he told journalists France had not changed its position on the deal, quelling concerns the takeover could be hampered by tenser relations between Paris and Italy's new anti-establishment government.However, he warned agains
Kalleklev Takes Over as CEO of FLEX LNG
Liquefied natural gas (LNG) carrier owner and operator FLEX LNG has appointed Øystein M. Kalleklev as Chief Executive Officer to replace Jonathon Cook, who resigned in May.Kalleklevm…
China's New Shenzhen Terminal Receives First LNG Cargo
China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for liquefied natural gas (LNG), state media reported on Wednesday.The terminal in the city of Shenzhen, near Hong Kong, on Wednesday received a 93,000-tonne LNG cargo from Qatar, Securities Daily reported, making it the state firm's ninth LNG terminal in operation.The new facility has four tanks each sized 160,000 cubic meters and a berth able to dock 266,000 cubic-meter tankers, with annual ha
Steel Cut for World's Largest Container Vessels in Shanghai
China State Shipbuilding Corporation (CSSC) has commenced construction of CMA CGM’s 22,000 TEU boxships, which would make them the largest container vessels in the world…
PSA International Acquires Majority Stakes in Canada Port
PSA International through its subsidiary has acquired 60 per cent of Ashcroft Terminal (AT) , an inland port facility about 300km east of the Port of Vancouver in western Canada…
NYK Names New Ship 'Pirika Moshiri Maru'
A new ship that NYK will own and operate to transport coal for Hokkaido Electric Power Co. Inc. has been named "Pirika Moshiri Maru." Honoring the history and culture…
Hafnia Tankers in Leaseback Deal with Sole Shipping Fund
Denmark's Hafnia Tankers has completed two sale and leaseback transactions with a Sole Shipping fund."Hafnia Tankers has successfully completed two sale and leaseback…
GoodBulk Announces Fleet Update
Bermuda-based owner and operator of dry bulk vessels GoodBulk entered into an agreement to sell the M/V Aquapride, a 2012 built Supramax vessel of 61,465 dwt built by Imabari…
India Issues New Guidelines for Investment in Ports
India's Ministry of Shipping has undertaken a diverse set of initiatives as part of its drive to boost profitability across major Indian ports.One major initiative…
Hapag-Lloyd Runs Germany’s Largest Maritime Training Program
Sixty-one young men and women will be starting their three-year apprenticeship at Hapag-Lloyd tomorrow. While some of them will spend the lion’s share of this time on container ships…
EU Okays Operation Atalanta HQ Move to Spain
The headquarters of the EU’s anti-piracy missions off the coast of Somalia will be moved from the UK to Spain next year as EU leaders revealed the latest consequence…
Navios Maritime Containers Acquires a Containership
Navios Maritime Containers, a growth vehicle dedicated to the container sector, announced that it agreed to acquire a 2009-built, 4,563 TEU containership for $13.9…
OSG Orders Tank Barge from Gunderson Marine
Portland, Ore. shipbuilder Gunderson Marine announced today that it has secured an order from Tampa. Fla. based energy transportation firm Overseas Shipholding Group, Inc.
