Second-hand Ship Sales Reach 10-year High
Shipping struggles to recover from worst crisis in 30 years; market for new ships remains weak. Sales of second-hand ships reached a 10-year high on cautious optimism…
Philippine Ferry Capsizes with 251 Aboard
Four people were killed and seven were missing after a Philippine ferry with 251 people on board capsized during bad weather on Thursday near the capital, Manila, disaster officials and a coastguard spokesman said. Accidents involving boats sailing between the many islands of the Philippines are common. Vessels are often overloaded but the coastguard said that was not the case on Thursday and the ferry had the capacity to carry 286 people.
Asia Dry Bulk-Capesize Rates to Fall as Cargo Dries Up
Rates from Brazil to China fall by $4/tonne, $6,000/day; queues at Dalrymple Bay to ease, return to normal in January. Freight rates for large dry cargo ships on…
MacGregor Acquires Rapp Marine
MacGregor, part of Cargotec, has signed an agreement to acquire Rapp Marine Group (RMG) in order to strengthen its offering for the fishery and research vessel segment.
Northern Drilling Expands its Fleet
Northern Drilling (NODL) announces the exercise of its option to purchase the semi submersible rig Bollsta Dolphin for a total consideration of USD 400 million.
MPC Acquires Two Vessels
Oslo-based boxship owner MPC Container Ships has agreed two more secondhand purchases. "MPC Container Ships ASis pleased to announce that it has entered into agreements…
Marcopolo Shipyard Restructuring Approved
PT Marcopolo Shipyard (PTMS) has secured the approval for its restructuring plan to to place itself under a Penundaan Kewajiban Pembayaran Utang (PKPU) suspension of debt payment.
Damen’s BWM in Eight EU Ports
Ship owners are now able to treat their unmanaged ballast water or load cleaned ballast water in eight different Northern European ports using Damen’s unique IMO…
EC Okays Maltese Tonnage Tax Scheme
The European Commission has conditionally approved under EU State aid rules the Maltese tonnage tax scheme for a period of 10 years. The scheme will ensure a level…
Tallinn Port Annouces Discounts for LNG Ships
Starting in 2018, all ships that use liquefied natural gas (LNG) as their primary fuel can apply for a discount of four percent on tonnage fees when calling at harbours of the Port of Tallinn.
MOL Wins 'Cruise of the Year' Award
Mitsui O.S.K. Lines (MOL) announced that its "Tonde (fly and) cruise to Kyushu, - Around-the-Kyushu -", which were planned and offered by its group company Mitsui O.S.K.
DMA Promotes Cross-border Digitalisation
International cooperation on standardisation and maritime digitalisation are this year’s themes as the Danish Maritime Authority and IALA are hosting the conference…
Damen Bags Special Steel Tanks Contract
Damen Oskarshamnsvarvet Sweden has been awarded the contract to manufacture high-precision special steel tanks together with their integrated cassettes for OKG;…
South Korea 'Fired 249 Warning Shots' to Fend off Chinese Fishing Boats
South Korea’s coast guard said it fired 249 warning shots over a group of Chinese fishing boats “swarming around” one of its patrol ships in South Korean waters, prompting a call for restraint from Beijing. South Korean coast guard vessels regularly chase Chinese boats suspected of fishing illegally in South Korean waters, at times sparking violent confrontations, complicating a relationship which is key to efforts to try to rein in North Korea’s nuclear and missile programs.
US Navy Aids Stranded Iranian Vessel
A U.S. Navy warship came to the aid of an Iranian vessel stranded in rough waters in the Arabian Sea. A helicopter crew conducting routine flight operations from Arleigh Burke-class guided-missile destroyer USS Preble (DDG 88) spotted the dhow approximately 60 nautical miles from land. “The distressed mariners were seen waving their hands over their head in an effort to get the attention of our pilots,” said Cmdr. Leonardo Giovannelli, Preble's executive officer.
Fight over Alaska Arctic Drilling has Just Begun
Senator Lisa Murkowski, an Alaska Republican, won a decades-long battle on Wednesday to open part of an Arctic wildlife reserve in her state to oil and gas drilling, but Democratic senators and conservationists vow the war has only begun. The tax bill passed by Congress contains language pushed by Murkowski and supported by President Donald Trump to hold two lease sales in the 1.5 million-acre (600…
Fincantieri Bay Shipbuilding Delivers ATB to Wawa
Wawa Inc. has taken delivery of its first owned vessel, a newly built articulated tug-barge unit (ATB) constructed by Fincantieri Bay Shipbuilding. The barge, named 1964, and its 8,000 horsepower tug, Millville, were christened during a November 28 ceremony at the Sturgeon Bay, Wisc. shipyard. Wawa, which runs a chain of gas stations/convenience stores on the U.S. East Coast and presently sells about two percent of the gasoline sold in the nation…
Vane Bros. Orders Four New Tugs from Chesapeake
Chesapeake Shipbuilding Corp. said it has signed an agreement to design and build four new push tugs for Vane Brothers. The design and construction on the Subchapter M compliant tugs will begin immediately in Chesapeake Shipbuilding’s hull fabrication buildings in Salisbury, Md. The series’ lead vessel is expected to be delivered in the beginning of 2019. The four new sister tugs will Subchapter M compliant each measure 94’ LOA, with a 34’ molded beam and a 10’ 6” molded depth.
EXMAR, Statoil Sign Deal for VLGC Newbuilds
EXMAR said it has entered into an agreement with Statoil for two newbuild 79,500 m³ very large gas carriers (VLGC) to transport liquefied petroleum gas (LPG) in a long-term commitment.
People-smuggling Scams Reemerge Globally -ITIC
Scams to smuggle illegal migrants aboard ships are reemerging globally, warns International Transport Intermediaries Club (ITIC). ITIC is urging ship agents worldwide to be extra vigilant when approached to carry out crew changes by unknown owners or crew managers, as people-smugglers scams are becoming more prevalent. According to ITIC, agents are approached by scamming owners or managers (usually…
