The U.S. towing and tug business is 5,500 boats, more than 31,000 barges with an estimated total impact on U.S. GDP of $33.8 billion.“At a macro level, the bigger ships are causing downward pressure on the ship assist business because there are fewer ship calls given the increased capacity of these vessels.
Five commercial fishermen were believed to have died after their crabbing vessel sank on New Year’s Eve in the Gulf of Alaska, the U.S. Coast Guard said after ending a search and rescue operation amid high winds and heavy seas.There were two survivors: crewmen who took refuge in a lifeboat and were rescued by a Coast Guard helicopter.
Seaspan Shipyards has announced the appointment of Amy MacLeod as the organization’s new Vice President, Corporate Affairs & External Communications. Based in Ottawa, MacLeod will be responsible for developing, managing and maintaining strategic public relations and external communications plans and tactics to support Seaspan Shipyards’ business and marketing objectives.
A second oil tanker, the British-operated, Liberian-flagged Mesdar, turned sharply north towards Iran's coast on Friday afternoon after passing westward through the Strait of Hormuz into the Gulf, according to Refinitiv tracking data.The turn took place at about 1600 GMT, the data showed
Ten Turkish sailors were taken hostage by armed pirates who attacked a Turkish-flagged cargo ship off the coast of Nigeria, the vessel's owner said on Tuesday, adding that another eight sailors were left safely aboard.Turkey's foreign ministry said the sailors were seized on Saturday evening.
Kent-based Saga sails into its future, as the first of two new boutique cruise ships, Spirit of Discovery, arrived at her home port of Dover for the first time. Sailing past the iconic White Cliffs and into Dover’s recently developed Western Docks, Spirit of Discovery’s British arrival marks the start of a new chapter for cruising in the UK.
Stephen Wang is counting the costs of President Donald Trump's trade war. He had to put down 12 times more cash as a guarantee to U.S. customs that he would pay the bill for tariffs on the Chinese-made pumps, valves and motors he imports.The cost of the guarantee - a U.S. customs bond - has shot up
The Baltic Exchange's main sea freight index touched its lowest level in eight months on Friday, weighed down by weak demand across all vessel segments.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, fell 69 points, or 7%, to 907 points, its lowest level since end-April 2019.
The Baltic Exchange's main sea freight index fell for a ninth-straight session on Monday, as the capesize index hit its lowest level in nearly six months.* The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, dropped 40 points, or 3%, to 1,315, its lowest since Nov. 22.* The capesize index slid 121 points, or 4.
The Baltic Exchange's main sea freight index fell on Friday weighed by weaker capesize demand, but the index ended the week up 2% on higher rates across the panamax and supramax segments.* The Baltic index, which reflects rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, dropped by 17 points, or 1.1%, to 1,558 points, its lowest since Nov. 29.
At least 116 migrants are missing and another 132 were rescued by Libyan coast guards and local fishermen after a wooden boat capsized off the coast of Komas, a town east of the capital Tripoli, Libyan navy spokesman Ayoub Qassem said on Thursday.Qassem cited survivors as saying there had been more than 200 migrants on board the boat.Earlier, the U.N.
Iran has reassured Iraq that there will be freedom of international maritime navigation in the Strait of Hormuz, Iraq's oil ministry said on Tuesday.Iran communicated this to Prime Minister Adel Abdul Mahdi during a visit by him to Tehran on Monday, the ministry said in a statement."Iranian President Hassan Rouhani (gave) reassurances to the Iraqi delegation ...