Maritime Industry Top News
Insights: H. Elder Brown, Jr.
Chairman of the Board of Directors, Fidelis Group Holdings LLC and Continental Underwriters, Ltd. For those in the marine insurance and underwriting communities, H. Elder Brown, Jr. needs no introduction. Thatās because over the course of the past 27 years, Brown has taken Continental Underwriters Ltd. (CUL) from a small family business to one of the largest brown water marine underwriters in the United States.
By The Numbers: Tug Boat Market Report
Easily one of the more interesting statistical comparisons and compilations that reach our desk every year is the periodic Marcon International Tug Boat Market Report. Weāve examined this type of report before and it is worth doing so again. Chock full of data on the availability and make-up of tugs for sale here and abroad, the report also drills much deeper than that. Weāve highlighted some of the more interesting aspects of their latest effort (November 2012).
USS Guardian Runs Aground in the Sulu Sea
SASEBO, Japan (NNS) -- No one was hurt when the mine countermeasures ship USS Guardian (MCM 5) ran aground on Tubbataha Reef at 2:25 a.m. local time, Jan. 17, while transiting the Sulu Sea.
Construction Commences on Innovative LNG Carrier
Mitsubishi Heavy Industries, Ltd. (MHI) recently commenced construction of the first ship in its āSayaendoā Series, which it has developed as a new-generation liquefied natural gas (LNG) carrier, at the companyās Nagasaki Shipyard & Machinery Works. The LNG carrier is one of two ships ordered jointly by Osaka Gas Co., Ltd., and Mitsui O.S.K. Lines, Ltd. (MOL) in October 2011. The Sayaendo Series has a hull shape that evolved from LNG carriers with Moss-type* hemispherical tanksā¦
EU Supported Study to look at PPP Solutions
The European Union will co-finance with over ā¬700,000 from the TEN-T Program a study to assess the possibilities of using a Public-Private Partnership (PPP) schemeā¦
TOTE āWalks the Walkā
Having sat in this chair for more than two decades, I must admit that I have become somewhat jaded in the sense that there are few developments which actually give me cause to pause. Of course there are the spectacular casualties that will never cease to amaze, but on the business side there are very few real showstoppers. Then there was last month. Just as I was literally packing up to head down to New Orleans for the International Workboat Show, news broke that U.S. ship owner TOTE Inc.
Bibby Ship Management Expands
Fast-growing Bibby Ship Management has relocated its Far Eastern and Indian operations to new, larger premises in key strategic locations, ensuring the company isā¦
150th Ship of āMitsui's 56ā Series Delivered
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. āOcean Splendorā (MES Hull No. 1841) at its Tamano Works on 17th January, 2013 to Mingtai Navigation Co., Ltd., Taiwan. This vessel is a handy-max type bulk carrier of 56,000 dwt with a large cargo hold capacity over 70,000 m3 and marks the 150th ship of its series. This 56,000 dwt type bulk carrier series of MES is widely called āMitsui's 56ā and is highly appreciated in the market.
G6 Alliance to Maintain Current 5-loop Product Structure
Loop 3 service will not be reinstated / Other G6 services cover ports of loop 3 / Full network coverage and all major port pairs served with weekly sailings. Theā¦
QE2 Set for Relaunch
Iconic cruise liner to be restored to the former splendor of her glory days after refurbishment into elegant five-star 500-room hotel. QE2 Dubai announced that MS Queen Elizabeth 2 - known popularly as QE2 - will be moved to Drydocks World Dubai for undertaking classification checks prior to her renovation as a luxury floating hotel. Before itsretirement to Dubai on November 11, 2008, the QE2 tookā¦
Drewry's Dry Bulk Insight
Capesize difficulties countered by smaller vessel gains. Drewry Maritime Researchās latest Dry Bulk Insight report published in Januray highlights the changing fortunes of the market.
$2.7M EPA Grant to Replace Tug Engines
EPA Invests $2.7 Million to Reduce Air Pollution from Old Diesel Engines in New York and New Jersey. The U.S. Environmental Protection Agency has provided a totalā¦
Panamax Dry Bulker Delivered to STX Pan Ocean
STX Pan Ocean takes over the 83,000 dwt class Panamax, 'STX Horizon', its first new-build delivery of the year. Having concluded strategic contracts for long-term transportation with domestic and international shippers including POSCO, Hyundai-Steel, KEPCO subsidiaries, Vale and Fibria in Brazil, STX Horizon will be added to the the owner's list of vessels to service these various contracts. A company official said: āAlthough current dry bulk shipping market is depressedā¦
New Container Ship Christened in Shanghai
OOCL celebrates the christening of 8,888 TEU container ship 'OOCL Miami' at the Changxing Island shipyard in Shanghai. OOCL Miami is the third of the eight 8,888 TEU vessels that OOCL commissioned Hudong-Zhonghua to build and the technological improvements have enhanced the vesselās ability to be more fuel efficient. When sailing at optimal performance, this ship can not only lower fuel consumption but also reduce emissions.
Trelleborg Acquires LNG Ship Safety Specialist
Trelleborg makes acquisition within the marine docking and mooring solutions business sector. Trelleborg has, through its business area Trelleborg Offshore & Constructionā¦
Port of LA Breaks Ground on Intermodal Terminal
Port of Los Angeles breaks ground on US$137-million railyard that will increase on-dock rail efficiency, reduce congestion and improve environment. Los Angeles Mayorā¦
Windstar Cruises Completes Fleet Renovation
The small-ship luxury cruise line finishes its US$18million refurbishment program on all three of its sailing yachts. With the completion of Wind Spirit's dry dock Windstar Cruises' $18 million fleet-wide renovation project is now finished. The project, which began in December of 2011, encompassed all three sailing yachts in a stem-to-stern renovation that enhanced public spaces, dining venues, staterooms and suites, as well as new sails.
South China Sea Energy Exploration by Chevron
Chevron Corporation's China subsidiary signs production sharing contracts for exploration blocks in the Pearl River Estuary, South China Sea. Chevron's agreementā¦
Cruise Ship Internet Access Contract for O3b
O3b Networks contracted by Royal Caribbean Cruises Ltd, to provide high-speed satellite-delivered broadband service aboard 'Allure of the Seas'. The new contract will allow more than 8,000 guests, staff and crew members traveling the Caribbean to connect to the internet at fiber-like speeds at sea. Royal Caribbean was the first to enlist O3bās new maritime offering O3bMaritime aboard, Allure of the Seasā sister ship, Oasis of the Seas when they signed a contract last summer.
Nuclear-powered Icebreaker to Bow Out
Russian icebreaker 'Rossiya' leaves Murmansk for the Gulf of Finland on probably her final voyage. Rossiya has sailed on the Northern Sea Route for nearly 30 years. It is still uncertain when she will be laid up and what will happen to the vessel afterwards. Rossiya was taken into service in 1985, as the worldās fourth nuclear-powered icebreaker. In 1990 she became the first Soviet vessel to take foreign tourists to the North Pole.