Britain's navy will accompany UK-flagged ships through the Strait of Hormuz to provide protection after the U.S. killing of Iranian military commander Qassem Soleimani inflamed tensions in the region.Britain's defence minister, Ben Wallace, ordered the HMS Montrose and HMS Defender to prepare to return to escort duties in the major oil shipping route as Prime Minister Boris Johnson came in for
Two new dual-fueled tankers capable of operation using clean-burning Methanol, Mari Couva and Mari Kokako were named at the Hyundai Mipo Dockyard (HMD) by owners Marinvest and Waterfront Shipping.The Methanol Institute has welcomed the launch of the 49,000dwt product tankers.“The launch of the Mari Couva and Mari Kokako is a milestone for the acceptance of Methanol as a safe and reliable marine
A number of seamen have been kidnapped after an attack on their vessel off the coast of Cameroon in West Africa's piracy-plagued Gulf of Guinea, a source in the Cameroonian army and a source at the major port of Douala said on Friday.In July, the International Maritime Bureau described the Gulf of Guinea as the most dangerous area in the world for piracy with 73% of all sea kidnappings and 92%
The Port of Long Beach, one of the greenest ports in the world, has selected HDR to perform the final design as it moves ahead with its $870 million effort to streamline rail operations and reduce bottlenecks at the second-busiest container port in the U.S.The Pier B On-Dock Rail Support Facility Project will expand the port’s capability for loading shipping containers directly on rail cars
VT Halter Marine, Inc. (VT Halter Marine), a company of ST Engineering North America, has won a contract worth nearly $2.9 million by the Naval Sea Systems Command.VT Halter Marine was one of four U.S.-based companies awarded a contract under the Common Hull Auxiliary Mission Platform – called CHAMP. VT Halter Marine’s contract win is $2,899,252.
Chicago-based CC Industries acquired Southern Towing Company (STC) from Trive Capital and McCombs Partners. Founded in 1958, STC is one of the largest operators of towboats and barges along the inland waterways of the United States.This acquisition expands CCI’s portfolio of industry-leading businesses, and marks another CCI investment in the transportation equipment and logistics sector.
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
Hong Kong-based Orient Overseas International Ltd. (OOIL) said that it will sell Long Beach Container Terminal (LBCT) to a consortium led by Australia’s Macquarie Group for $1.78 billion.OOIL, which is majority-owned by Cosco Shipping Holdings, was the terminal operator under a lease agreement with the port.
The Brasil Basin Drydock Company (BBDC), a joint venture of McQuilling Services and Promon Engenharia, is setting up an industrial facility that will drydock and repair seagoing merchant vessels up to the largest merchant ships in the world.McQuilling announced the signing of a Protocol of Intention with the government of the state of Paraíba, Brazil, along with Chinese ship repair yard IMC YY.
Momentum in the red hot cruise industry continues to build as TUI Cruises takes delivery of New Mein Schiff 2 from Meyer Turku shipyard.“For us it has been a thrill working with TUI Cruises on the design and construction of this ship. The passengers will surely notice and hopefully like the differences to the previous ships," CEO Jan Meyer said.
South Korean shipyard Daewoo Shipbuilding & Marine Engineering Co. (DSME) has clinched a $366 million order to build four units of very large crude carriers (VLCCs) from an unidentified shipper in the Oceanian region.According to a regulatory filing, the four tanker vessels which will be delivered in 2021. This marks the second large VLCC order in under a month.
South Korean shipbuilder Samsung Heavy Industries (SHI) expects to increase orders by almost 24 percent in 2019 compared to last year.According to Yonhap, SHI is aiming to clinch USD7.8 billion worth of new orders this year which marks a 24 percent hike from last year’s tally.The shipyard also aims to post $6.