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Dramatic Decline in 2020 Shipbuilding Orderbook, Increased Demolitions

Dramatic Decline in 2020 Shipbuilding Orderbook, Increased DemolitionsThe economic impact of the coronavirus is taking a strong toll on the shipbuilding industry according to a new analysis from BIMCO.

New US-Canada Aluminum Tariffs to Hurt Shipbuilders

New US-Canada Aluminum Tariffs to Hurt ShipbuildersThe latest trade war began on August 6 when President Donald Trump issued a proclamation saying that he was reinstating a 10 percent tariff on Canadian aluminum products effect August 16.

NC Ports Reports Year-on-Year Volume Growth, Record Earnings

NC Ports Reports Year-on-Year Volume Growth, Record EarningsDespite the COVID-19 pandemic, the North Carolina State Ports Authority recorded year-over-year increases in traffic at the ports of Wilmington and Morehead City over the course of the last fiscal year, which ended on June 30.

Mauritius Receives International Aid as Bunker Fuel Spill Spreads

Mauritius Receives International Aid as Bunker Fuel Spill SpreadsCountries around the world are rushing to the aid of Mauritius after the island nation’s prime minister declared a national emergency as oil continues to leak into the environmentally sensitive area from the grounded bulk carrier Wakashio.

Germany Prepares to Commission World's First LNG-Powered Research Ship

Germany Prepares to Commission World's First LNG-Powered Research ShipA unique new research vessel is being built in Germany at Fassmer shipyard in Berne/Motzen, Germany.

Euronav benefits from outstanding large tanker market

Euronav benefits from outstanding large tanker marketBelgium and US dual-listed public limited company Euronav commands the only large tanker fleet within the Low Countries and has had a remarkable 2020 to date

India delays implementation of SCMTR rules

India delays implementation of SCMTR rulesImplementation of the India Sea Cargo Manifest and Transhipment Regulations (SCMTR), will now be delayed until 30 September 2020 according to a statement issued by India’s Ministry of Finance.

Pandemic drives Maersk’s N. Europe, ME and Subcontinent revamp

Pandemic drives Maersk’s N. Europe, ME and Subcontinent revampChanges to the way that cargo is moved from factories to retail outlets has seen a shift in strategy by Maersk with the development of hub in Colombo, Sri Lanka, that will allow customers greater flexibility in the movement of their goods, said the Danish

Disappointing South Korean liner alliance reformed for another year

Disappointing South Korean liner alliance reformed for another yearKorea Shipping Partnership, a quasi-alliance of all 14 South Korean liner operators, has extended its term by a year, even as its three years of existence failed to improve earnings.

16 Detained in Connection with Beirut Explosion

16 Detained in Connection with Beirut ExplosionLebanon's central bank has also moved to block the assets of the director of the port and the head of Lebanese customs, along with five other individuals, according to Reuters.

Genting Warns of "Significantly Higher" Losses in First Half of 2020

Genting Warns of "Significantly Higher" Losses in First Half of 2020The COVID-19 pandemic has disrupted the operations of virtually every passenger vessel firm, and Genting is no exception. Its cruise ships World Dream, Genting Dream, SuperStar Gemini, SuperStar Aquarius and Star Pisces

How COVID-19 Could Impact Travel and Cruising for Years to Come

How COVID-19 Could Impact Travel and Cruising for Years to ComeIt contained a 2020 forecast of 4.1 percent growth in global air traffic demand and net post-tax profits for North American airlines of $16.5 billion.

India Permits Cruises to Resume Starting October 1

India Permits Cruises to Resume Starting October 1The Indian Government announced plans to permit cruising to resume starting October 1 as part of its “Mission Begin Again” initiative designed to restart the economy.

Unique Sail Cruise Ship Under Construction Gets Her Masts

Unique Sail Cruise Ship Under Construction Gets Her MastsSea Cloud Cruises of Germany is building a new 453-foot long three-mast full-rigged ship that it expects to enter service by late this year.

Beirut Port Tragedy: Ports and Dangerous Chemicals

Beirut Port Tragedy: Ports and Dangerous ChemicalsThe explosion tore through the city, registering a force as strong as a 3.3 magnitude earthquake. Residents claimed that the scenes looked “like an apocalypse” and that the port was “totally destroyed.”

Aker Offshore Wind sets sights on deep-water projects

Aker Offshore Wind sets sights on deep-water projectsAker Solutions’ offshore wind spin-off, Aker Offshore Wind, will initially focus on deep-water fixed-bottom and floating wind projects in four different markets: South Korea, the USA, Scotland, and Norway.

Heavy Weather Topples Cranes at India’s Top Container Port

Heavy Weather Topples Cranes at India’s Top Container PortThree cranes collapsed at India’s largest container port on the outskirts of Mumbai due to strong winds on Wednesday, police and port officials said.

Port Canaveral Sees Progress for Congressional Relief

Port Canaveral Sees Progress for Congressional ReliefA week after announcing significant job cuts due to the impact of COVID-19 on its operations, Port Canaveral may be making progress in the effort it is leading to urging the U.S. Congress to provide emergency relief for America’s ports.

Tripoli and Adjacent Ports Set to Pick Up Imports in Wake of Beirut Blast

Tripoli and Adjacent Ports Set to Pick Up Imports in Wake of Beirut BlastLebanon’s main grain silo at Beirut port was destroyed in a blast, leaving the nation with less than a month’s reserves of the grain but enough flour to avoid a crisis, the economy minister said on Wednesday.

Transocean Hires Financial Advisor to Evaluate ‘Strategic Alternatives’

Transocean Hires Financial Advisor to Evaluate ‘Strategic Alternatives’Transocean Ltd. has tapped Lazard Freres & Co. LLC to be its financial adviser as the world’s biggest owner of deepwater oil rigs confronts history’s worst crude crash.

Beirut Blast: Two Killed on Orient Queen Cruise Ship Docked Near Explosion, Ship Sinks

Beirut Blast: Two Killed on Orient Queen Cruise Ship Docked Near Explosion, Ship SinksTwo crew members of the Orient Queen cruise ship were reportedly killed in the deadly blast yesterday in Beirut, Lebanon.

USCG Intercepts $24M Cocaine Cargo Off Central America

USCG Intercepts $24M Cocaine Cargo Off Central AmericaLast week, the U.S. Coast Guard seized about 1,400 pounds of cocaine from a go-fast vessel off the Pacific coast of Central America.

The Largest Floating Dock in the Baltic States

The Largest Floating Dock in the Baltic StatesIn early July, the largest floating dock in the Baltic states was permanently installed at the Western Shipyard owned by BLRT Grupp in the port of Klaipeda, Lithuania. It has already accepted its first vessel for repairs.

Work starts on second phase of Wuhan intermodal facility

Work starts on second phase of Wuhan intermodal facilityConstruction work on the second phase of the Wuhan Yangluo Port Rail-Water Intermodal Transport Base began 1 August 2020.

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