Coast Guard News
April 29, 2020
Source: Pixabay
German liner giant Hapag-Lloyd is postponing the decision on the ordering of new ultra-large containerships until further notice due to the ongoing market uncertainty caused by the coronavirus pandemic.... [Read More]
April 29, 2020
Dutch offshore lifting equipment provider KenzFigee has been awarded a contract by Amsterdam-based shipping company Spliethoff for the delivery of pipe handling gantry cranes for their two newbuild multipurpose DP2 B-type vessels, currently under construction at the Mawei Shipyard in China.... [Read More]
April 29, 2020
The United Nations Conference on Trade and Development (UNCTAD) has introduced a ten-point action plan to help industries involved in the movement of goods keep free-flowing trade afloat during the COVID-19 crisis and its aftermath. ... [Read More]
April 29, 2020
Samsung Heavy Industries; Source: Wikimedia
South Korea’s two shipbuilding heavyweights, Korea Shipbuilding & Offshore Engineering Co and Samsung Heavy Industries have released their business performance figures for the first quarter of 2020.... [Read More]
April 29, 2020
A new partnership between the International Maritime Organization (IMO), the World Customs Organization (WCO), the United Nations Economic Commission for Europe (UNECE) and the International Organization for Standardization (ISO) has been signed to support the increased maritime digitalisation.
When ships enter and leave ports, vital information about cargoes, dangerous goods, crews, vessel details and many other things have to be exchanged with the authorities ashore. ... [Read More]
April 28, 2020
Source: Maersk
A New York District Court has ruled against the Global Container Terminals’ (GCT) request for a restraining order against Maersk’s plans to transfer three services from GCT’s New York container terminal over to APM Terminals Elizabeth, New Jersey.... [Read More]
April 28, 2020
Finnish shipbuilder Meyer Turku shipyard has launched talks with its employees on the layoff of 450 people as a result of the coronavirus crisis on the yard’s operations.
The company said the temporary layoffs would differ in length and that additional 900 people would be affected by other types of measures including work time adjustments and other arrangements.... [Read More]
April 28, 2020
The coronavirus pandemic could permanently alter container transportation practices, Calfornia’s Port of Oakland cautioned.
Image Courtesy: Port of Oakland
As explained, shipping lines may consolidate more cargo on bigger ships while reducing the frequency of voyages. ... [Read More]
April 28, 2020
On the heels of a significant economic blow from the suspension of global cruises due to the COVID-19 pandemic, Norwegian Cruise Line Holdings has had to launch a serious cost-cutting mission to stay afloat.
In its latest business update, the cruise line company said that it was targeting a $515 million worth reduction in capital expenditures.... [Read More]
April 28, 2020
Louis Dreyfus Armateurs (LDA) has selected SCHOTTEL to supply a range of propulsion systems for its service operations vessel (SOV) Wind of Hope.
The propulsion system of Wind of Hope is powered by four diesel generators, which drive the electric motors of the SCHOTTEL propulsion package.
Two SCHOTTEL Rudderpropellers type SRP 430 FP, each with an input power of 1,660 kW and a propeller diameter of 2.4 meters, are installed at the stern. ... [Read More]
April 28, 2020
All the grand blocks for Nexans’ cable laying vessel (CLV) Nexans Aurora have been assembled at the CRIST hull yard in Poland.... [Read More]
April 28, 2020
The fifth CLEANBU vessel being built for Klaveness Combination Carriers (KCC), part of Norway’s shipping company Torvald Klaveness, has been launched in China.
On 23 April, the newbuild was moved from the dock to sea and subsequently towed to the outfitting berth at New Yangzi Shipyard in China.
The vessel, to be named MV Bangus, is currently expected to be delivered to KCC in September 2020. It is the fifth of eight CLEANBU combination carriers contracted by the company. ... [Read More]
April 28, 2020
Source: BW LPG
BW LPG, the world’s largest liquid petroleum gas shipping company, has adapted the LPG retrofit schedule for its Very Large Gas Carriers (VLGCs) to the prevailing market conditions leaving the ships to trade a bit longer in the strong near term market.... [Read More]
April 28, 2020
Gondan Shipbuilders has started the construction of two commissioning service operation vessels (CSOVs) for Østensjø Rederi.
In October 2019, Østensjø Rederi signed a letter of intent for the construction of four CSOVs to meet the increasing demand in the offshore wind market.... [Read More]
April 28, 2020
As a measure to relieve COVID-19 impacts to the supply chain, the US Federal Maritime Commission (FMC) has voted to temporarily allow parties to file service contracts up to 30 days after they take effect. ... [Read More]
April 27, 2020
Australia-based shipping group ASP Ships Group (ASP) has acquired a 50 per cent shareholding in New Zealand’s Coastal Bulk Shipping Ltd (CBS).
CBS is the owner and operator of MV Anatoki, a small general bulk cargo vessel that has operated around the New Zealand coast since 2008.
Doug Smith, CBS General Manager, welcomed ASP to CBS and said that “ASP will greatly assist the company to further explore and develop a number of opportunities” that have been identified recently. ... [Read More]
April 27, 2020
Source: Pixabay
Danish consultancy Sea-Intelligence believes that the container shipping market has reached the peak impact of the pandemic in terms of blank sailings.... [Read More]
April 27, 2020
Japan’s classification society ClassNK has granted an Approval in Principle (AiP) to Imabari Shipbuilding Co. for the concept design of a 180,000 DWT LPG dual-fuelled bulk carrier developed in cooperation with Mitsubishi Shipbuilding Co.
This was the first LPG dual-fuelled bulk carrier in the world to be granted an AiP, ClassNK said.... [Read More]
April 27, 2020
Germany’s Ernst Russ Group closed the 2019 financial year with positive overall business performance, completing a number of strategically important projects and further expanding as a maritime asset and investment manager. ... [Read More]
April 27, 2020
The tanker market has never been so strong, according to Herbjørn Hansson Chairman & CEO of Nordic American Tankers (NAT).
The company, which owns and operates Suezmax tankers, is cashing in on the market bonanza and unprecedented demand for floating storage.
Namely, big oil companies the likes of Exxon, Shell, BP and Equinor are scrambling for storage capacity as demand for oil dwindles during the pandemic.... [Read More]