U.S.-flag lakers idled for the winter season will undergo more than $97 million in maintenance and modernization work at multiple Great Lakes shipyards before returning to service in March. The $97 million figure is an increase from $70 million in 2019, according to the Lake Carriers' Association (LCA).
Media reports about Mozambique’s failure to launch a fishing and security fleet and its subsequent $2 billion debt default seem destined to torpedo, or at least set back similar efforts to build needed coastal security and national fishing fleets across Africa. That must not happen.
The U.S. Great Lakes freighter fleet are well-renowned for being a 'mature' group of ships, a point magnified yesterday when Fincantieri Bay Shipbuilding started construction on the first U.S.-flagged Great Lakes bulk carrier built in more than 35 years. The shipyard and the owner, The Interlake Steamship Company, hosted a ceremonial first-cut-of-steel event Wednesday, August 14
As privately owned, luxury yachts near the size of the average cruise ship, behold a new option, which is anything but commonplace: The Ritz-Carlton Yacht Collection. At 624 feet and 11 decks, her exterior profile resembles a sleek superyacht design, not a cruise ship on the horizon. Launched in October 2018 at Hijos de J.
Three Iranian vessels tried to block a BP-operated tanker passing through the Strait of Hormuz but backed off when confronted by a Royal Navy warship, the UK government said on Thursday.Britain urged Iran to "de-escalate the situation in the region" after the British Heritage, a Suezmax oil tanker operated by BP under an Isle of Man flag, was approached.
Bergen-headquartered shipping company Utkilen said it has taken delivery of Mostraum, the LNG-ready 10,500 DWT chemical tanker.The vessel is stainless steel tanker and is a very environmentally friendly design with focus on low fuel consumption, reduced NOx emissions and to prepare her for possible future upgrades of fuel with the installed LNG ready engine, claimed a press release.
Newbuild MarketUnsurprisingly, across the offshore sectors, newbuild orders have been scarce to none. Oversupply is still a major problem for the industry and due to slippage, ordering vessels now would be counterproductive. Why order brand new vessels from a yard and wait several years for these to be delivered
The hard-fought passage of VIDA promises a simpler, more unified and logical set of environmental standards related to the discharge of myriad vessel streams. Industry wanted it, and now it is here. Will it deliver, and if so, when? That depends on who you talk to.As most commercial maritime operators know, US ballast water regulations made a sharp turn last December.
Navies operate on a spectrum between deterrence and defense, to include offensive operation, support of foreign policy, and power projection to civil affair and humanitarian assistance and disaster response. Many have constabulary responsibilities, and it could be argued that, with the exception of the largest navies
U.S. ship owner The Interlake Steamship Company said it has ordered a new U.S.-flagged Great Lakes bulk carrier, the first to be built in more than 35 years. Measuring 639 feet in length (78 feet W, 45 feet H, 28,000 DWT), the vessel will be constructed by Fincantieri Bay Shipbuilding, in Sturgeon Bay, Wis., for scheduled completion in mid-2022.
DP World has bought back British ferry and shipping freight operator P&O Ferries for 322 million pounds ($421 million), more than a decade after it sold it.DP World acquired the British shipping and logistics company in 2006 but soon sold off some assets, including P&O Ferries to its major shareholder, state holding company Dubai World.
The Ferry’s second season this year presents permanent possibilities.The Cross Bay Ferry from Tampa’s Florida Aquarium dock to the dock at the North Yacht Basin in St. Petersburg, Florida is off to a rollicking start, with 3,000 more passengers in it’s debut month of November 2018 than its strongest month during the 2016/2017 test period, and with continued support from Tampa Bay area leadership.