Maritime Industry Top News
Steel Cut for Holland America Line’s ms Nieuw Statendam
Holland America Line celebrated a significant construction milestone today as the first steel was cut for ms Nieuw Statendam, due for delivery in November 2018.
G E Shipping Buys Product Tanker
The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Medium Range Product Tanker of about 48,539 dwt. The 2005 Japanese built vessel…
Bear Head LNG GHG Management Plan Approved
Bear Head LNG Corporation Inc. (Bear Head LNG) received Nova Scotia Environment’s (NSE) approval for its Greenhouse Gas (GHG) Management Plan for its liquefied natural…
Virginia Port throughput a Modest 2.57 Mi TEUs
Driven by strong imports, The Port of Virginia handled 216,672 twenty-foot equivalent units (TEUs) in its strongest June cargo performance on record that helped…
UASC to Sell Chemical Tanker Unit
United Arab Shipping Co (UASC) is considering the sale of its stake in United Arab Chemical Carriers (UACC) for oil and petrochemicals as part of its plans to merge…
Cosco Bypasses Railway Strike by Sea Route
Cosco has decided to transfer its containers to the port of Koper in Slovenia from Piraeus in order to deal with the Greek railway strikes. Cosco has got around…
Brexit: Potential Implications For The Maritime Sector
While the nature of the United Kingdom’s future trading relationship with the European Union (EU) will take some time to become clear, it is important to realise…
Myanmar accedes to CLC Protocol
​Myanmar has deposited its instrument of accession to the 1992 Protocol to the International Convention on Civil Liability for Oil Pollution Damage (CLC). The efforts…
Hapag-Lloyd Still Strong in Canada
Hapag-Lloyd remains the market leader among liner shipping companies in Canada. In the past year, the shipping company saw its market share increase to over 18%.
US Coast Guard Shipyard Under New Command
U.S. Coast Guard Captain Matthew Lake assumed command of the U.S. Coast Guard Yard on July 1, 2016. He is the 42nd Commanding Officer in the 117-year history of the yard, the only shipbuilding and major ship repair facility of the U.S. Coast Guard. Captain Lake took charge from Captain George Lesher who served as Yard Commanding Officer from June 2013 to July 2016. Captain Lesher departed the yard to assume duties as the Ship Design Manager at Coast Guard Headquarters in Washington, D.C.
Imports Climb at Port of Long Beach
Rising imports fueled higher container traffic at the Port of Long Beach in June, leading to a 3.4 percent overall volume increase over the same month last year, the port reported. The Port of Long Beach handled 603,339 TEUs (twenty-foot-equivalent units) during the month. Of those, 313,526 were inbound containers, a gain of 5.5 percent year-over-year. Exports were flat for the month at 128,099 TEUs, 0.1 percent lower than June 2015. Empties edged up to 161,714 TEUs, a 2.2 percent increase.
Port of Ystad Posts Record First Half
Port of Ystad, which saw record-breaking volumes in 2015, continues reaching new record numbers in 2016 for traffic to and from Poland and the Danish island of Bornholm. The number of ton goods, trucks, busses, cars and passengers all showed an increase during the first half of 2016 compared to the same period last year. The biggest reported increase was the number of trucks with an 18.6 percent increase. In total 110,000 trucks passed through the port – a new record for Port of Ystad.
Deckhouse Lifted onto Tripoli (LHA 7)
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division has installed the deckhouse on the amphibious assault ship Tripoli (LHA 7), a major event in the ship’s construction schedule which begins the integration of the three largest sections of the ship. The deckhouse was installed three weeks ahead of schedule. The installation was no small feat, according to Premo Sabbatini, LHA 7 program director.
Navico Under New Ownership
Navico – a provider of marine electronics and parent company to the Lowrance, Simrad, B&G and GoFree brands – announced that Goldman Sachs Merchant Banking Division and Altor Fund IV have partnered and signed an agreement to acquire Navico from the Altor 2003 Fund. Navico is an innovative force within the recreational and commercial marine electronics market and has a rich history of investment in research and development.
Keel Laid for Italy’s New Logistics Support Ship
A keel laying ceremony was held at Fincantieri’s shipyard in Riva Trigoso (Sestri Levante, Genoa) for a Logistic Support Ship (LSS), as construction work continues on the first unit of the Italian Navy’s fleet renewal plan, which has been commissioned to Fincantieri. The vessel will be delivered in 2019. The LSS is a vessel that provides logistics support to the fleet, endowed with hospital and healthcare capabilities thanks to the presence of a fully equipped hospital…
Higher Panamax Rates Boost Baltic Index
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, gained on Tuesday as rates rose for panamax and smaller vessels.
Bering Sea Deal a First for Inmarsat Fleet Xpress
Inmarsat announced that its partner Network Innovations (NI), together with Fusion Marine Technology, have signed a contract with Alaskan Leader Fisheries to install Fleet Xpress, Inmarsat’s new high-speed broadband maritime communications service, powered by Global Xpress (GX). The contract marks the first commission of Fleet Xpress in the remote and hostile waters of the Bering Sea. Fleet Xpress sets a new standard in broadband maritime communications…
This Day In Naval History: July 12
1836 - Charles H. Haswell is commissioned as the first regularly appointed Engineer Officer. In Oct. 1844, he is promoted to Engineer in Chief of the Navy. 1916 - The AB-3 flying boat, piloted by Lt. Godfrey de Chevalier, is catapulted from USS North Carolina (ACR 12) while underway in Pensacola Bay, Fla. The launch completes calibration of the first catapult designed for shipboard use. 1943 - USS Taylor (DD 468) sinks Japanese submarine (RO 107), east of Kolombangara, Solomon Islands.
China Loses on South China Sea Ruling
The United States urged all parties to avoid provocative statements or actions after an arbitration court ruled on Tuesday that China has no historic title over the waters of the South China Sea.
Oil and Shipping Markets on Edge After South China Sea Ruling
Global oil and shipping markets reacted nervously on Tuesday after an international arbitration court ruled against Beijing's claims across large swathes of the South China Sea, fuelling geopolitical tensions in the vital waterway. A tribunal in The Hague, Netherlands, found China had breached the sovereign rights of the Philippines and had no legal basis to its historic claims in the South China Sea, a major shipping lane between Europe, the Middle East and Africa.
