Neo-Panamax container vessels experienced increased activity during the first quarter of 2019, compared to the fourth quarter of 2018, said Capital Product Partners.While charter rates for feeder and panamax vessels remained relatively flat due to, among other things, the overhang of idle tonnage, charter rates for Neo-panamax vessels, especially 8,000 TEU designs or larger, saw marked increases
Norway is growing its arsenal of military grade drones for missions that’ll take them into the exhaust streams of ship’s funnels. With the IMO now supporting the 0.1 percent sulfur cap on marine fuel from Jan. 2020, and with southern Norway below the 62nd parallel officially a European Emissions Control Area, or ECA, the Norwegian Maritime Authority, the NMA
Norway-based bulk ship operator and management company Belships has signed an agreement to acquire a 58,700 dwt bulk carrier from Wenaas Shipping AS.The vessel was built at Tsuneishi Heavy Industries (Cebu), Inc. in the Philippines in 2008, informed a press note from the dry bulk owner.The agreed purchase price is USD 13.0 million, of which half will be paid in cash.
Network Innovations and its inland waterways connectivity solution eliminates “dead spot” coverage woes. And, not a moment too soon.The bane of inland operators – or at least one of many – has always been the dearth of reliable and economical vessel-to-shore communications. Even in America’s heartland where cellular coverage is routinely billed as seamless, so-called ‘dead spots’ persist.
Monaco-based seaborne shipping company Navios Maritime Containers has acquired a 2011-built containership from an unrelated party for USD 52.5 million.The containership is expected to be delivered into Navios Containers’ fleet in Q1 2019 and is chartered out at a net rate of $26,325 per day until November 2020 and thereafter $27,300 per day until October 2021.
The Office of Commercial Vessel Compliance announced the release of the 2017 Domestic Vessel Annual Report, the first of its kind issued from the Coast Guard.The report collates data from the Coast Guard’s Marine Information Safety and Law Enforcement (MISLE) database regarding vessel population, inspections conducted, and deficiencies issued for the 2017 calendar year.
Taiwanese container carrier Wan Hai Lines confirmed an order of 20 container vessels with Japan Marine United Corporation (JMU) and Guangzhou Wenchong Shipyard (GWS) and China Shipbuilding Trading Company (CSTC).During the contract signing ceremony that was held at Wan Hai Lines’ Taipei headquarter on 12th November 2018
Kirby Corporation has announced the signing of an agreement to acquire substantially all of CGBM 100, LLC's inland marine tank barge fleet for an undisclosed amount.Under the terms of the agreement, Kirby will acquire 27 of CGBM's 10,000 barrel inland marine tank barges which have a total capacity of approximately 270,000 barrels.
The South Korean container carrier Hyundai Merchant Marine (HMM) has chalked out an ambitious blueprint for expansion.The ocean carrier's CEO C.K. Yoo presented HMM’s target of building up its capacity to 100 million TEUs and posting USD 10 billion in annual revenue by 2022, during an employees gathering at HMM HQ in the Seoul office.
Coming hot off the heels of July's announcement of a merger deal between offshore services firms Tidewater and Gulfmark, rival Harvey Gulf offered its $836 million fleet in a competing deal to merge with Gulfmark.Now Gulfmark is left to weigh its options.“With a combined fleet size of 274 vessels
SAR, the universal designation for Search And Rescue, can appear as a designation on air, land or marine vehicles in many different countries. Always the vehicle and the people who provide the service are treated with respect. For those who are saved from life threatening situations, SAR takes on an even greater value.
Towage and salvage specialist Multraship says it is continuing to grow its fleet with a number of new additions to its varied range of vessels.On July 7, the 453-gt firefighting tug Multratug 31 was christened at Terneuzen in the Netherlands. The 83-ton bollard-pull vessel was delivered in 2017.