Peak Pegasus Finally Unloads US Soybeans in China
A vessel carrying U.S. soybeans was unloading its cargo worth at least $23 million at the Chinese port of Dalian on Monday, becoming one of the first shipments to incur hefty new import duties as the trade row deepens between Beijing and Washington.The docking of the vessel after five weeks anchored off China's coast ended long-running speculation over the fate of the cargo, which had captured public…
Maersk Line Pushes Restart in Maldives
Maersk Line announced it has restarted shipping operations to the Republic of Maldives on the heels of rapidly growing market and meeting customer needs.The world’s largest container shipping company introduced a weekly service between Colombo and Male in an initiative aiming to provide a strategic trade opportunity to countries in South Asia.“Maldives has a flourishing tourism market and offers an excellent opportunity for global trade.
VT Halter Launches New Ferry for Virginia
Mississippi shipbuilder VT Halter Marine, Inc. has launched a new ferry, Powhatam, for the Virginia Department of Transportation (VDOT).In November 2016, VT Halter Marine was awarded the contract for the design, construction and delivery of the new 499-passenger/70-vehicle ferry that will replace the current vessel, the Virginia, which was built in 1936. The new ferry Powhatam, measuring 270ft x 65ft x 15ft…
Dutch Superyacht Builders Propelled by Rising Economic Tide
With three lounges, three dining rooms, an open-air jacuzzi, a bar and six luxury cabins, the 50-meter "Aster" is one of Dutch shipyard Heesen's more modest superyachts.The Netherlands, which amassed huge wealth through the technical superiority of European shipbuilders during its 17th century Golden Age, is continuing its maritime tradition by carving out a prominent place in the luxury yacht industry."It's a big year for us…
'Hyundai Town' Grapples with Slowed Shipyard and Grim Future
When Lee Dong-hee came to Ulsan to work for Hyundai Heavy Industries five years ago, shipyards in the city known as Hyundai Town operated day and night and workers could make triple South Korea's annual average salary.But the 52-year-old was laid off in January, joining some 27,000 workers and subcontractors who lost their jobs at Hyundai Heavy between 2015 and 2017 as ship orders plunged.To support their family, Lee's wife took a minimum wage job at a Hyundai Motor supplier.
HII Awarded Advance Planning Contract for USS John C. Stennis
Huntington Ingalls Industries (HII) was awarded an advance planning contract for the refueling and complex overhaul (RCOH) of the nuclear-powered aircraft carrier USS John C. Stennis (CVN 74).The contract, which is initially funded for one year and has a base value of $187.5 million, includes engineering, design, material procurement and fabrication, documentation, resource forecasting, and pre-overhaul inspections.
Baltic Index Gains on Higher Capesize Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday, pulled up by stronger demand for capesize vessels.* The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 18 points, or 1.1 percent, at 1,709 points.* The capesize index rose 56 points, or 1.6 percent, at 3,536 points.* Average daily earnings for capesizes, which typically transport 170,000-180,000 tonne cargoes such as iron ore and
ZEABORN Combines E.R. Schiffahrt and Rickmers
The ZEABORN Group announced it has combined its two recently acquired Hamburg-based ship management companies to form one global brand, ZEABORN Ship Management GmbH & Cie. KG.Bremen-based ZEABORN Group has brought together Rickmers Shipmanagement, which was acquired by ZEABORN in September 2017, and E.R. Schiffahrt, acquired in February 2018. The company will trade under its new name with effect from August 10…
Wilhelmsen Group Income for 2Q up by 5%
The Wilhelmsen group delivers a slight increase in top line in the second quarter, mainly supported by higher operating revenue in supply services. The positive underlying market trends are expected to continue. The total income for the second quarter was USD 222 million, up 5% from the first three months of 2018.“We note that the positive development in top line in the first quarter continues into the second.
Antwerp Port Fire Creates Toxic Cloud
Toxic smoke from a massive smoldering fire has triggered an evacuation in the Port of Antwerp, local media reported.All vessels and business within 6,000 feet from the fire have been evacuated, RTL broadcaster reported.The authorities have reportedly urged the people who live nearby to keep their windows closed due to danger from the toxic smoke.According to RT, Firefighters are still battling the blaze…
KNS, North Telecom Pact for Maritime Communications
Korean antenna manufacturer KNS has entered into a partnership agreement with Dubai-based satellite services provider North Telecom, under which the companies will offer each other mutual support in building market share in the maritime communications sector.NorthTelecom hopes to increase its footprint in the oil & gas, and maritime telecommunication sectors with the agreement,. The agreement gives…
EMEC Metocean Data to Stimulate Inovation
The European Marine Energy Centre (EMEC) has provided a series of metocean data sets to be used in a new Scottish open innovation competition aiming to stimulate creative thinking and data science to design new data products for the benefit of the marine environment, communities and economy.Organized by Highlands and Islands Enterprise (HIE) and the Data Lab, Scotland’s Blue Growth Data Challenge will…
Seanergy Maritime Holdings Revenue up by 20% in 1H 2018
Seanergy Maritime Holdings Corp. net revenues for six months ended June 30, 2018 were $38.1 million, up 20% from the first half of 2017.The shipping company generated net revenues of $16.8 million for the quarter ended June 30, 2018, an 8% decrease compared to the second quarter of 2017. As of June 30, 2018, stockholder’s equity was $28.6 million and cash and cash equivalents, including restricted cash…
Samsung Heavy Industries Builds Smart Ship On AWS Platform
Amazon Web Services (AWS), an Amazon.com company, announced that Samsung Heavy Industries (SHI) selected AWS as its preferred cloud provider to support its digital transformation.Samsung Heavy Industries is turning to AWS’s expansive infrastructure, unmatched performance, scalability, and industry-leading services to gain competitive advantage in the smart shipping industry.Samsung Heavy Industries leaves the heavy lifting of its infrastructure to AWS…
Long Beach Container Volumes Dip in July
The Port of Long Beach saw a decline in container volumes in July compared to the same month a year ago, which hit a historic high that has since been surpassed.The drop, 4.4 percent, was attributed to shipping alliances’ decisions in July to shift vessel deployment and port calls. Port officials also raised concerns that escalating tariffs could slow trade activity — thus far the busiest in the Port’s 107-year history — during the remainder of the year.In total…
Unifeeder Becomes Part of the DP World
Following last week annoucement of acquisition, Unifeeder Group has announced the signing of the agreed acquisition of Unifeeder by DP World.The largest Pan-European feeder and shortsea operator announced in a press release that it will benefit from DP World’s global scope, size and presence which in turn will enable Unifeeder’s brands to expand further and beyond present geographies and products.Unifeeder will continue to operate on a fully independent…
BIG LIFT: The Importance of the JH143 Builder’s Risk Surveys
The importance of a JH143 Builder’s risk survey has been well documented. Since the Joint Hull Committee created JH 143 – Shipyard Risk Assessment form was brought into effect in November 2003…
Air Lubrication System Saves Fuel for Diamond Princess
Silverstream Technologies said its Silverstream System air lubrication technology has been retrofitted onto the cruise ship Diamond Princess, part of Carnival Corporation’s Princess Cruises brand.The system has been in operation since June 2017, reducing fuel consumption and related CO2 emissions. It recently completed its final contract trials, which demonstrated that the original performance expectations…
Fishing Vessel Runs Aground near Santa Cruz
Responders are working to remove fuel from the tanks of a 56-foot commercial fishing vessel that ran aground near California’s Monterey Bay National Marine Sanctuary on Sunday.The grounded vessel, Pacific Quest, is broken up and beached near Seymour Marine Discovery Center in Santa Cruz., with a maximum potential capacity of 1,200 gallons of diesel on board, according to the U.S. Coast Guard.The captain…
CMM Selects ABS Asset Management Platform
Tanker operator Consolidated Marine Management (CMM) is implementing an Enterprise Asset Management (EAM) Program with ABS Advanced Solutions.“We had intensive discussions with ABS to validate the assessment process and capabilities of the team to review our business processes, and we are quite satisfied with their technical expertise and strong EAM experience,” said Kostas G. Vlachos, Chief Operating Officer of CMM.
