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Looking Inside Fleet Development: The Boxship Product Mix

Looking Inside Fleet Development: The Boxship Product MixFollowing more than a decade of sustained steady growth, the volume of capacity within the containership fleet has remained somewhat more controlled over the last two years.

Baltic index snaps 12-session rally on lower rates for bigger vessels

Baltic index snaps 12-session rally on lower rates for bigger vesselsThe Baltic Exchange’s main sea freight index, tracking rates for ships carrying dry bulk commodities, dipped for the first time in 13 sessions on Friday, on lower rates for capesize and panamax vessels.

Foss Hired to Remove Grounded Fishing Vessel Off Waikiki

Foss Hired to Remove Grounded Fishing Vessel Off WaikikiFoss Maritime has been hired to remove the grounded fishing vessel Pacific Paradise from a reef off Waikiki after repeated attempts to refloat the vessel by commercial salvage companies have failed.

Containership Receives a Special Welcome

Containership Receives a Special WelcomeThe world’s largest containership received a special greeting when it arrived for the first time at Germany’s sole deepwater port.

MAIB report on grounding raises worrying questions about ECDIS

MAIB report on grounding raises worrying questions about ECDISA U.K. Marine Accident Investigation Branch (MAIB) report into the December 3 2016 grounding of the 4,950 dwt Spanish-flag bulker Muros off the U.K. east coast is raising more questions about first generation ECDIS systems and the way they are being used.

Schulte Marine Concept wins first cruise ship contract

Schulte Marine Concept wins first cruise ship contractSchulte Marine Concept (S.M.C), the project management arm of Bernhard Schulte Shipmanagement (BSM), working together with Bernhard Schulte Cruise Services (BS Cruise), has won its first cruise ship contract with Portugal based Mystic Cruises.

U.K. shipyard delivers harbor workboat to Svitzer

U.K. shipyard delivers harbor workboat to SvitzerSouthampton Marine Services, Southampton, U.K., has delivered the Bulldog 20 design multipurpose harbor workboat Svitzer Merlin to Maersk Group member Svitzer, which will base the vessel in Milford Haven.

Wärtsilä inks eight ship maintenance agreement with GasLog LNG

Wärtsilä inks eight ship maintenance agreement with GasLog LNGWärtsilä has signed a maintenance agreement with Monaco based GasLog LNG Services, covering eight LNG carriers with Wärtsilä dual fuel engines.

Wilson Sons delivers second tug in Damen ASD 2411 quartet

Wilson Sons delivers second tug in Damen ASD 2411 quartetWilson Sons Guarujá, Brazil, shipyard, has delivered the Damen ASD Tug 2411 design SST-Aruá, the second of four tugboats on order for SAAM Smit Towage Brazil.

Fujairah data: Oil product stocks up 7.9% on week at 17.28 mil barrels

Fujairah data: Oil product stocks up 7.9% on week at 17.28 mil barrelsFujairah’s commercial stocks of refined oil products rose 7.9% to 17.278 million barrels in the week to Monday

Japan’s LNG imports hit 16-month low in September

Japan’s LNG imports hit 16-month low in SeptemberJapan’s customs-cleared imports of liquefied natural gas fell 12.7 percent to a 16-month low of 5.82 million tonnes last month

Pioneer to quadruple oil exports as shale surges – CEO

Pioneer to quadruple oil exports as shale surges – CEOPioneer Natural Resources will quadruple oil exports within a year, reflecting an expected surge in U.S. exports as shale output rises, Chief Executive Tim Dove said.

2020 Compliant Marine Fuels’ Costs a Source of Headache for Shipowners

2020 Compliant Marine Fuels’ Costs a Source of Headache for ShipownersShip owners are having to deal with some pretty challenging decisions, in terms of planning their future investment strategies and fleet mix, as the decision to implement the use of low sulphur marine fuels on global scale from 2020,

Suez Canal revenues up to USD 4.3 billion in 2017: SCZone Chairman

Suez Canal revenues up to USD 4.3 billion in 2017: SCZone ChairmanThe chairman of Suez Canal Authority (SCA) and SCZone — the Suez Canal Economic Zone, Mohab Mamish, announced that the SCA’s revenues raised by 3.4 per cent within the period from January-October 2017

Elevated Chinese Crude Imports to Support VLCC Rates

Elevated Chinese Crude Imports to Support VLCC RatesChinese crude imports saw a swift rebound from August’s 8-month low, hitting the second highest level recorded at 9 mmb/d in September.

Qatar to benefit from new shipping services

Qatar to benefit from new shipping servicesOn September 17 the Swiss-based Mediterranean Shipping Company (MSC) and Taiwan’s Yang Ming Transport Corporation both opened new weekly lines to Qatar’s Hamad Port, south of Doha.

As Gas Use Surges, China Sees `Harsh’ Winter Without More Supply

As Gas Use Surges, China Sees `Harsh’ Winter Without More SupplyChinese regulators warned that the nation may face a “harsh” supply situation this winter if natural gas supplies can’t keep up with its booming demand.

Bollinger awarded NCDOT ferry contract

Bollinger awarded NCDOT ferry contractThe North Carolina Department of Transportation has awarded Bollinger Shipyards of Lockport, LA, a $9.7 million contract for construction of a new river class vehicle ferry for the N.C. Ferry Division.

Hyundai Vinashin launches d'Amico LR1 trio

Hyundai Vinashin launches d'Amico LR1 trioMilan Stock Exchange listed d'Amico International Shipping (DIS) today launched the first three LR1 (long-range) vessels in its history in a ceremony at the Hyundai Vinashin shipyard in Vietnam.

ICS 'deeply concerned' by Ottawa's bid to ban tankers off northern British Columbia

ICS 'deeply concerned' by Ottawa's bid to ban tankers off northern British ColumbiaThe Canadian Parliament is giving consideration to legislation that could ban the shipment of crude oil in the waters of northern British Columbia.

Samsung Heavy wins first order for new FSRU design

Samsung Heavy wins first order for new FSRU designSouth Korean shipyard Samsung Heavy Industries (SHI) has won a $221m order to build a LNG-FSRU from a consortium comprising Japanese firms Marubeni and Sojitz and Indonesia's Pertamina.

Solstad Farstad secures CSV contract extension

Solstad Farstad secures CSV contract extensionNorway's Solstad Farstad has secured a contract extension from Blue Marine for its construction support vessel Far Sentinel.

Thoresen Shipping confirms Songa Bulk supramax acquisition

Thoresen Shipping confirms Songa Bulk supramax acquisitionThai owner Thoresen Shipping has announced the acquisition of 58,700 dwt supramax bulker Songa Marlin from Songa Bulk.

Scorpio Bulkers secures funding for Golden Ocean ultramaxes

Scorpio Bulkers secures funding for Golden Ocean ultramaxesEmanuele Lauro-led Scorpio Bulkers has sealed a loan facility of up to $85.5m from Nordea Bank and Skandinaviska Enskilda Banken, which will be used to finance the $142.5m acquisition of six ultramaxes from John Fredriksen's Golden Ocean.

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