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Genting Completes Purchase of 3 shipyards
Genting Hong Kong, announced the completion of the acquisition of Nordic Yards’ three shipyards in Wismar, Warnemunde and Stralsund, Germany for the consideration of 230.6 million Euros.
Northwest Seaport Alliance’s Auto, Container Volumes Rising
The Northwest Seaport Alliance of Seattle and Tacoma reported that auto imports and container volumes posted gains through the first quarter of 2016. Building off last year’s record-breaking volumes, March marked the highest volume of auto imports in more than a decade. The 21,085 units beat the previous record from December 2002. Meanwhile, international containers improved 4 percent through the first three months of the year, largely on the strength of January and February volumes.
Samsung, Daewoo Merger on the Way?
As the Korea government is pushing for restructuring of the faltering shipbuilding industry, speculation grows over a possible merger between the country’s two major…
Port of Long Beach Starts Strong in 2016
Cargo shipments at the Port of Long Beach were up 6.1 percent for the first three months of 2016 compared to the same period last year, starting the year off strongly. Lifted by big gains in January and February, the quarter was the port’s best since 2007. While March 2015 volumes soared 32 percent over the same month in 2014 due to the exceptional recovery from cargo backlogs early last year, March 2016’s container volumes were down 26.2 percent.
This Day In Naval History: April 1
1893 - Navy General Order 409 establishes the rank of Chief Petty Officer. 1899 - A landing party of 60 men from USS Philadelphia (C 4) and a force of 100 friendly natives join 62 men from HMS Porpoise and Royal Isle in Samoa to establish order over Samoan throne. 1943 - USS Shad (SS 235) torpedoes and damages the Italian blockade runner Pietro Orseolo, shortly after the Italian ship reaches the Bay of Biscay and her escort of four German destroyers.
$301 mln Dredging Operation by JNPT
The board of Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, has approved Rs 2000 crore ($301 mln) dredging operation of the channel between…
Flood Risk to Persist in Mississippi River Basin
Heavy winter rains have left the Missouri and Mississippi River basins, from Iowa to Louisiana, at an elevated risk of moderate flooding through June, U.S. government forecasters said on Thursday.
BWM Convention – Will Logic Prevail?
As Belgium became the 48th signatory party this week, the Ballast Water Management Convention has now almost gained sufficient ratification to come into force, and will do so in 2017…
Asia Capesize Bulker Rates Expected to Stay Flat
Freight rates for capesize bulk carriers on key Asian routes are likely to remain flat as the number of vessels for hire outpaces cargo demand, ship brokers said.
The Mississippi River and the 2016 Flood’s Impact on Dredging
The Mighty Mississippi River connects 31 states and 2 Canadian Provinces by a liquid superhighway that includes over 250 tributaries and features more miles of inland waterways than the rest of the world combined. As I contemplate my thoughts on the importance of this great river system, there is no doubt that muddy water also runs through my veins. Nevertheless, much of my advocacy involves explaining…
Newport News Shipbuilding Rings in 130 Years
Huntington Ingalls Industries’ (HII) Newport News Shipbuilding division kicked off its 130th anniversary celebration January 28. Newport News, the sole designer, builder and refueler of U.S. Navy aircraft carriers and one of two providers of U.S. Navy submarines, will celebrate the anniversary throughout 2016 with commemorative videos and employee publications. More than 100 local businesses, museums…
Driving the Inland Waterways
Propulsion evolves, improves and powers forward in the inland markets. And, Z-Drive propulsion is the future. In a white paper released late in 2014 by The Shearer Group…
All-electric Paddlewheeler Tours Texas Lake
Winding its way through downtown Austin, Texas, is scenic Lady Bird Lake, a gas-restricted reservoir of the Colorado River. Lone Star Riverboat Cruises guides visitors through the picturesque surroundings in Lone Star, a 75-foot double-decked paddlewheel, powered by twin Torqeedo 40-horsepower Deep Blue outboards. Capt. Mike Pearce began Lone Star Riverboat Cruises with a diesel-powered paddleboat and an exemption to operate a fueled vessel on the lake.
Seven Ships Laid up at Duluth-Superior
The Port of Duluth-Superior said it will welcome seven ships for winter layup this year. The firs tvessel Indiana Harbor laid up early on November 3 for a repowering…
The Attractions of Azipod Propulsion
Destined for installation on board one of the highest profile cruise ship deliveries scheduled for 2016, the latest Azipod XO podded propulsion recently departed from the ABB factory in Helsinki. The unit, which commands 20.5 MW of power, has been transfered from ABB’s Vuosaari Harbour plant to the dockside for loading, bound for Meyer Werft, Papenburg. It will be installed on one of two newbuildings due for delivery from the German yard in fall 2016.
Urals Prices Weaken in Med, Baltic
Russian Urals crude price differentials weakened in the Mediterranean and the Baltic due to ample supplies, traders said on Thursday. In the Platts window, Litasco sold to Shell a 80…
Twelve Saved from Sinking Freighter in Cuban Waters
The U.S. Coast Guard (USCG) rescued 12 people from a freighter vessel taking on water in Cuban territorial seas Saturday. The rescue, performed by two USCG helicopter crews, saved one Jamaican, two Nicaraguan, one U.S., and eight Haitian crewmembers. On Saturday, Coast Guard watchstanders were notified that the Haitian Flagged, 120-ft coastal freighter Granam ST Anne was taking on water in Cuban territorial seas, and ordered the launch of two helicopters.
Cuban Migrant Crisis: USCG Still Focused on Saving Lives
The crew could not have been separated from the dock for more than an hour. The thick salt air had barely filled their lungs. Cell phone towers in Key West, Florida…
Australian Defense Minister Visits Austal
Shipbuilder Austal on Wednesday welcomed the Australian Minister for Defense, Senator Marise Payne, to Austal’s Western Australian shipyard for a look at the company’s naval vessel design, construction and sustainment capabilities. The Defense Minister’s delegation, which included Senator Linda Reynolds and Senator Chris Back, was joined by Western Australia Premier, Colin Barnett and Chief of Navy…
Towing Vessels Collide on Lower Mississippi
One of two towing vessels involved in a collision on the Lower Mississippi River has sunk near Memphis, Monday afternoon. The U.S. Coast Guard watchstanders received…
