A.P. Moller-Maersk expects strong demand for shipping goods around the globe to continue in the coming months, though does not expect to resume sailing through the Suez Canal until "well into 2025".Attacks on vessels in the Red Sea by Iran-aligned Houthi militants have disrupted a shipping route vital to east-west trade
Royal Caribbean Group on Tuesday announced an agreement with Finnish shipbuilder Meyer Turku for the construction of up to three new Icon Class vessels—the world's largest cruise ships. The deal includes one firm order for scheduled delivery in 2027 plus options for two additional vessels.The U.S.
Norwegian Cruise Line Holdings on Wednesday raised its annual profit forecast for a third time this year, riding on sustained demand for luxury voyages and higher ticket prices.With people continuing to splurge on experiences and services over discretionary goods, operators have seen record booking rates for affordable cruise vacations, giving them enough opportunity to increase ticket prices.
A 72-year-old Great Lakes freighter has anchored safely in Thunder Bay, Ontario following a flooding incident in Lake Superior.At around 7 a.m. on Saturday morning, the Canadian-registered Michipicoten reportedly struck an underwater object and began taking on water in U.S. waters about 35 miles south of Isle Royale, the U.S. Coast Guard said.
U.S. regulators are investigating potential unfair trade practices within pending Canadian regulations governing ballast water management systems of ships in the U.S.-Canada Great Lakes trade.The Federal Maritime Commission (FMC) on Tuesday said it launched the probe to determine if the pending regulations have a disparate effect on U.S.
The CEO of German container shipper Hapag-Lloyd said on Monday he expects that the Red Sea crisis can be overcome before the end of the year.Ship operators face prolonged disruption as Yemen-based Houthi militants attack vessels travelling on one of the world's busiest routes, causing costly redirections around Africa.
Royal Caribbean Group raised its annual profit forecast for a second time and beat expectations for first-quarter profit and revenue on Thursday, with half of its growth coming from higher ticket pricing.Soaring demand for vacations at sea has given cruise operators ample room to raise ticket prices as the industry looks to close the pricing gap with land-based vacations and give their profits a
The global cruise industry reported record passenger volumes in 2023 as the sector continues its rebound following the lows of the COVID-19 pandemic.Cruise ships carried 31.7 million passengers in 2023, up 7% from previous highs recorded in 2019, according to latest figures published by the trade group Cruise Lines International Association (CLIA).
Norwegian Cruise Line (NCL) has ordered eight new ships, the most comprehensive newbuild order in its history.The order represents nearly 25,000 additional berths, with new classes of ships for each of its three brands and the construction of a multi-ship pier at Great Stirrup Cay, the company’s private island destination in the Bahamas.
A portion of the St. Marys River has been closed to vessel traffic after a U.S.-flagged Great Lakes freighter struck a channel light in the waterway.At approximately 1 a.m., the 730-foot bulk carrier American Mariner suffered a marine casualty and struck the Munuscong Junction Light with its bow, the U.S. Coast Guard said. The incident occurred in Munuscong Lake, which is a section of the St.
Royal Caribbean Group announced it has entered into an agreement with French shipbuilder Chantiers de l’Atlantique to order a seventh Oasis Class ship for delivery to its Royal Caribbean International fleet in 2028.“While we eagerly anticipate the debut of Royal Caribbean’s Utopia of the Seas this summer
Kobe-Osaka International Port Corporation has launched a project to demonstrate rubber-tired gantry (RTG) crane, which uses a hydrogen-powered engine to demonstrate decarbonization of advanced cargo handling machinery.The project is said to be the first in the world to convert RTG crane's diesel engine generator to a hydrogen engine at Hanshin Port’s Kobe International Container Terminal (KICT)