“On the 27th of July, 1850, I sailed from Baltimore in the ship Nonantum, of Boston, (Bates, master,) bound to San Francisco. In the ship's hold was stowed 1,050 tons of coal. The second morning after the commencement of the storm, smoke had been discovered between decks. The alarming truth instantly flashed upon our minds. The gas that originated from the coal had generated fire.
When the first cruise ship since the start of the pandemic sailed through the Venice lagoon last month, hundreds of people rallied on land and small boats in protest.A few weeks later, the government seemed to listen, announcing that to defend Venice's ecosystem and heritage, cruise liners would be banned from the lagoon from Aug. 1.
For dredging company officials, the first quarter of 2021 was a pretty good start to a new year. In a tough business, challenges and pitfalls are always expected. But from a bigger picture perspective—markets, regulations and policies—company officials couldn’t be faulted if a bit of optimism infused their worldview.There are a number of reasons for this.
In early October, Waterways Council, Inc. (WCI) reported in its newsletter Capitol Currents that the future of the Water Resources Development Act (WRDA) of 2020 hung in the balance, with many unknowns for its chances of being signed into law during the Lame Duck session of Congress that just concluded in late December.
Please describe your professional background and what attracted you to your current position.In June 2020, I was named president and chief executive officer of Halter Marine. I had been retired around six years. My wife and I bought a piece of property outside of Brookhaven, Miss., and we were enjoying retired life split between our country property and our home in Gautier, Miss.
Newbuild spend for vehicle carriers, including large car and truck carriers (LCTC), pure car and truck carriers (PCTC) and pure car carriers (PCC), smashed past $3.2 billion last week, following big volume orders from Eastern Pacific and Zodiac—an astonishing amount of money for a niche sector, exceeding the previous six years total combined. If we include options, a whopping $4.
The IMO’s MARPOL Annex IV is being revised to confirm the lifetime performance of Sewage Treatment Plants (STPs). This may finally bring about grey water regulation – a necessity that is long overdue.Black Water and Grey WaterA ship’s sewage (black water) is collected from toilets, urinals and hospitals.
The Suez Canal blockage laid bare many of the challenges being faced by the global shipping industry today. With 12% of global trade passing through the canal each day, the total revenue lost from delayed, damaged or lost goods due to its blockage is estimated to be up to $10 billion.
Maritime Advisors, Liengaard & Roschmann have published for the third year running its Vesselindex Performance Report, ranking the listed dry bulk companies based on their TCE performance.In a year 2020 which was characterized by a high level of volatility it is noticeable that 17 companies managed to outperform the general market as defined by the Baltic Indices. U.S.
As the maritime industry steams toward decarbonization, the path to zero emissions will include many stepping stones. Wärtsilä’s Compact Reliq is a step change in efficiently reliquefying boil off gas (BOG) on LNG carriers, as Lasse Wichstrøm and Sylvain Fabreguettes discuss with Maritime Reporter TV.
With increased time in layup and outdated tonnage, surely after all that has occurred in 2020 it’s about time for the offshore support vessel (OSV) sector to address the long standing elephant in the room. This article will focus on platform supply vessel (PSV) layups and will investigate what the future might hold for the troubled OSV sector.
Trans-Pacific short vs long contract freight rate gap hits record $2,400 per FEUAs the year 2020 continues to deliver positive surprises for the container shipping sector, the gap between short and long term contract freight rates on the Trans-Pacific trade lane has never been wider, according to a recent market note from BIMCO