Celebrity Cruises will devote a second ship to the Caribbean for the 2003 summer season to accommodate a continued demand for its Caribbean product. Century, currently sailing seven-night eastern and western Caribbean itineraries from Port Everglades, was originally scheduled to redeploy to Europe next summer, then resume her Caribbean sailings next Fall. Century now will sail the Caribbean year-round, joining sister-ship Galaxy. Celebrity will continue to operate two ships, Millennium and Constellation, next year in Europe. In addition, sister brand, Royal Caribbean International, will sail three ships, Splendour of the Seas, Brilliance of the Seas, and Grandeur of the Seas, from European ports. By keeping Century in the Caribbean, Celebrity will cancel 17 of the ship's originally scheduled European sailings, a mix of seven, 10- and 11-night Mediterranean cruises from Rome or Barcelona and two transatlantic crossings.
The Secretary of the Navy recently presented the Energy Conservation (ENCON) award winners for FY2002 in ceremonies conducted at the Navy Memorial in Washington, DC. USS Essex (LHD 2) was among these prestigious award winners. These Navy and Marine Corps activities were singled out for executing comprehensive conservation programs based on senior-level command involvement, well-staffed and trained energy teams, aggressive awareness campaigns
The China Shipbuilding Industry Corp. (CSIC), built 3.17 million tons of new ships in 2005, up 47 percent. In 2005, the CSIC received 3.73 million tons of new orders and 2.85 million tons of new ships are under construction. The profit it earned topped $123.9 million, up 85 percent year-on-year. China's shipbuilding companies built 12 million tons of new ships in 2005, accounting for 18 percent of the world market, ranking third after the Republic of Korea and Japan
The IMO’s Sub-Committee on Ship Design and Equipment (DE) is working on a mandatory Code for ships operating in Polar waters — widely known as the Polar Code, to supplement other regulatory instruments, including SOLAS and MARPOL. The Code will seek to address the specific risks relating to operations in Polar waters, taking into account the extreme environmental conditions and the remoteness of many locations.
Hyundai Mipo Dockyard celebrates completion of 600th ship over 14 years Hyundai Mipo Dockyard celebrated having built its 600th ship in 14 years since entering the market when the shipyard completed construction on the milestone vessel -- a 1000-TEU container ship named Sky Hope that will be delivered to CK Line. Since it was established in 1975, the dockyard had focused mainly on ship repairs until it took a change of course after receiving an order from a Norwegian shipper
While the shipping industry struggles through a historic downturn, ship scrapping business is seeing accelerating demand, reports WSJ. The global economic slowdown is putting shipping through its most bruising period since the 2008 financial crisis. With the capacity running some 30% ahead of shipping demand, orders for new vessels have fallen to a record low this year and companies can’t get rid of ships fast enough.
After nearly 20 years of operation the Paris MOU has set its course for the years ahead. Determined targeting of substandard ships, greater transparency to the outside world and a higher level of harmonization and quality are goals for the future. At the same time ship owners, flag States, classification societies and charterers will be held accountable for their performance and involvement with sub-standard ships. While on the other hand, companies
A sharp contraction in world trade has idled more than 200 container ships, threatening the survival of many companies, according to The Journal of Commerce. "The slump in container shipping appears certain to extend into 2010 or beyond. Some companies won't survive," said Joseph Bonney, editor-in-chief of The Journal of Commerce. Carriers operating from Asia to Europe, the world's busiest container trade route, are expected to lose up to $5b this year
The world fleet of oil, chemical and gas tankers is predicted to continue to grow over the next five years, although at a much more sluggish rate than the previous five years, according to a Shipbuilding Market Report issued this month by Lloyd’s Register - Fairplay (LR Fairplay). The oil tanker fleet, which currently stands at 7,516 ships, is expected to grow by 1.9 percent per year over the next five years in terms of the number of ships. Deadweight ton (dwt) capacity will rise by 5
Mitsubishi Heavy Industries, Ltd. (MHI) hereby announces its intent to book an extraordinary loss from its cruise ship business in the company's consolidated financial results for fiscal year (FY) 2015 (ending March 31, 2016). 1. Background to the extraordinary loss In November 2011 MHI received an order for two large-sized cruise ships for the AIDA Cruises brand. Due to difficulties in construction of the prototype ship, the Company booked extraordinary losses of 64
Container shipping: new networks come into focus as the supply side holds the key to improvements Demand The most recent available data show that demand for the container shipping grew by 2.7 percent in 2016. With the supply side growing by only 1
Despite a year of navigating challenging market conditions, ABS remained resilient and delivered solid performance in 2016, said ABS Chairman, President and CEO Christopher J. Wiernicki. In 2016, ABS maintained the number one position in the global orderbook and the ABS-classed
After the Baltic Dry Index (BDI) had its seasonal weakness around the Chinese New Year in early February, stronger-than-expected demand came from across the board and lifted freight rates, says BIMCO market analysis of Dry Cargo.
Given the mounting pressure on freight rates and continuing fleet growth over the next two years, Drewry believes that excess vessel supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year
South Korea’s Hyundai Samho Heavy Industries (HSHI), a shipbuilding affiliate of Hyundai Heavy Industries (HHI), said it has attracted 300 billion ($264 million) won investment via pre-IPO. Under the agreement signed with Korean private equity firm IMM Private Equity
In 2009, the U.S. offshore marine sector received a long over-due indication that the U.S. Customs and Border Patrol (CBP) was preparing to close loopholes and enforce U.S. law in accordance with the Jones Act. This happened when the agency unhesitatingly issued its first revocation of more than
While many Australians spend Anzac Day off work, Royal Australian Navy personnel around the world will remain on watch, contributing to global security, stability and prosperity. On operations in countries as far from home as Afghanistan and South Sudan
Danish Maritime Authority (DMA) Director General Andreas Nordseth, signed an agreement with Singapore and Norway on cooperation on digital certificates. The agreement is intended to make more countries migrate from paper certificates to digital certificates.
New vessels expected to hit freight rates; new trade route from east U.S. to Asia to meet Chinese demand. The tanker market may face a "difficult" second and third quarter this year after a robust first quarter as supply of newly built vessels loom
U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. Major U.S
Dry bulk vessels owner and operator Seanergy Maritime Holdings Corp. has appointed Ioannis “John” Kartsonas as a member of its board of directors, effective May 4, 2017. Kartsonas has more than 18 years of experience in finance and commodities trading
Dry bulk vessels owner Scorpio Bulkers Inc. said it has entered into a time charter-in agreement with an unrelated third party on one Ultramax vessel. The agreement is for two years at approximately $10,125 per day with an option to extend the agreement for one year at approximately $10
A new white paper from Alfa Laval addresses ship owner concerns to ensure vessel compliance with bilge water regulations worldwide. Even if a traditional system with type approval is operating on board, the paper states, there are still risks of violating applicable laws and damaging the marine
The M/V Mesabi Miner has sailed from Fincantieri Bay Shipbuilding Company in Sturgeon Bay, Wis., becoming Interlake Steamship Company’s fourth self-unloading bulk carrier to be outfitted with exhaust gas scrubbers. Interlake became the first U.S
Venezuelan crude oil sales to the United States declined in March for the third month in a row this year to 651,710 barrels per day due to falling exports of main grade Merey, according to Thomson Reuters trade flows data. Venezuela's crude output fell in 2016 to its lowest level in 23 years