Maritime Industry Top News
Global Shipping Rates Slump
Freight rates for dry-bulk and container ships, carriers of most of the world's raw materials and finished goods, have plunged over the last six months in the latest sign the global economy is slowing significantly.The Baltic Dry Index, measure of ship transport costs for materials like iron ore and coal, has fallen by 47 percent since mid-2018, when a trade dispute between the United States and China…
Study Takes Cruise to Task on Emissions
A report entitled “An investigation of air pollution on the decks of 4 cruise ships” studied levels of Particulate Matter (PM) on the decks of four separate cruise ships. While many studies have evaluated the potential impact of ship emissions in port cities, the author – Ryan David Kennedy, PhD, MAES, Department of Health, Behavior & Society, Johns Hopkins University, Bloomberg School of Public Health…
Austal USA Awarded $16.3m in LCS Funds
Austal USA LLC, Mobile, Alabama, is awarded a $16,322,000 cost-plus-fixed-fee order against previously awarded contract N00024-11-C-2301 to provide engineering, management…
Rebuilding Confidence in Reactivated DP Assets
The offshore energy sector, like any industry, is constantly subject to market cycles. Challenging conditions may lower demand, resulting in a significant number of resources such as offshore support vessels (OSVs) and drillships being deactivated for potentially extended periods. Over time, however, cycles reverse and demand increases for these same assets.Operators reduced expenditures on offshore exploration and production activities…
VIDA & BWMS Reform
On December 4, President Trump signed into law the Frank LoBiondo Coast Guard Authorization Act of 2018 (S. 140). Title IX of the legislation is the Vessel Incidental Discharge Act of 2018 (VIDA). VIDA will largely cut through a morass of conflicting and confusing requirements that have developed over a number of years relating to discharges into US waters. This purpose of this new legislation is to…
Wartsila Bags Energy Storage Contract from ContourGlobal
Wartsila has won a 6 MW energy storage project contract for the Caribbean island of Bonaire from ContourGlobal Bonaire, a subsidiary of London based ContourGlobal.The engineering…
Majority of U.K. Ports Not Prepared for Brexit
Only 16 percent of U.K. ports and harbor authorities have made “significant or practical” plans for Brexit, according to a survey.Leaders at almost every UK port…
Prosafe Emerges as Lowest Bidder in Brazil Offshore Tender
European owner and operator of semi-submersible accommodation vessels Prosafe has submitted the largest bid in two online auctions for the supply of safety and maintenance…
Cosco Shipping Buys 60% Stake Peru's Chancay Terminal
Global ports operator Cosco Shipping Ports acquiring 60% stake in Terminales Portuarios Chancay (Chancay Terminal) from Volcan Compañía Minera for a total consideration of US$225million.Zhang Wei…
UK Launches Maritime 2050 Strategy
Britain’s marine industry launched of Maritime 2050, the UK Government’s first ever long-term strategy to support and grow the sector.Described as both visionary and aspirational…
Survitec Receives DNV GL Certification
British manufacturer of marine safety and survival equipments Survitec has received DNV GL Z-17 certification as a class-approved service provider for all DNV-GL…
Navios Maritime Containers Adds to Fleet
Monaco-based seaborne shipping company Navios Maritime Containers has acquired a 2011-built containership from an unrelated party for USD 52.5 million.The containership…
GAC Pushes Further into Arctic
GAC Norway opens new Arctic Circle branch at Tromsø in response to growing demand, said the company.Sitting 300km north of the Arctic Circle, Tromsø is the largest…
DAVOS: Oil Majors Huddle in DAVOS to Mull Future
When the global oil industry held its biggest annual gathering this week in the Swiss town of Davos, it invited banking bosses and fund managers to discuss two key topics - climate change and pressure from investors.The conclusion of the discussions was worrying for those present - pressure is rising and the industry is losing a battle not to be seen as one of the world's biggest evils.The answer?
O’Brien Joins Vigor as EVP
Vigor has announced the addition of Jackie O’Brien to Vigor’s leadership team. As EVP of Strategy and Business Development, O’Brien will report directly to the CEO and play a key role in driving the development and execution of Vigor’s growth strategy as a leading industrial company. She will oversee business development for all Vigor business units including defense, aerospace, infrastructure, alternative…
Svitzer Appoints Jeeninga, McKeating as Cluster Managers
Svitzer, aprovider of harbor and terminal towage to the global shipping industry, has recently appointed Fred Jeeninga as Cluster Managing Director, Continental Europe (Netherlands, Belgium, Georgia) and Maurice McKeating as Cluster Managing Director, UK South.Fred Jeeninga holds nearly 20 years of experience from the marine service industry. His work has taken him to Russia, Germany, Denmark, Brazil, and the Caribbean.
Ship Repair: Fincantieri Bay Shipbuilding Delivers Major Conversion
Fincantieri Bay Shipbuilding has delivered the newly-converted barge Commander to Port City Marine Services (PCMS) of Muskegon, Michigan. The Commander is a 495 x 72-ft. freight barge that underwent extensive conversion, including the installation of new cargo holds, trunk deck and bow, and a new cargo unloading system. Combined with its tug, the vessel operates as an Articulated Tug Barge unit.Port City Marine Services is experienced in the management…
USCG Searches for Overboard Cruise Crew Member
The Coast Guard is searching Thursday for an overboard crewmember from the Royal Caribbean Majesty of the Seas cruise ship 37 miles east of Hillsboro Inlet.Watchstanders at Coast Guard Sector Miami re
Shipbuilding: Damen TSHD for Portuguese Dredging Company
Recently the Jose Duarte started its first mining job in Lisbon. The trailing suction hopper dredger has been built in Portugal for a Portuguese dredging company, to a Spanish design and using Dutch dredging equipment. The European cooperation has resulted in a customized dredger performing above expectations on her first job.Portugal has a long coastline and a number of busy navigable rivers – an excellent backdrop for the dredging company Inersel.
Roxtec Fire Lab Opens
Roxtec reports that it has more than doubled its fire resistance testing capacity, opening in Sweden a new laboratory that creates conditions for continuous development of safety products.The fire lab is located at the Roxtec headquarters in Karlskrona, Sweden, and it will play a key role in the product development and pre-certification process for the sealing solutions. With the lab Roxtec engineers and technicians can prepare tests with exactness.
