OLIVIA ROSE

  • General
    • Vessel Name : OLIVIA ROSE
    • Operator : UNIVERSAL MARINE TRANSPORTATION, LLC
    • Ships Type (ICST) : Tugboat
    • Vessel Type : Tugboat
    • Construction : Steel
  • Engine
  • Location
  • Capacity
    • Net Tonnage : 71
  • Size
    • Register length : 61.2 Feet
    • Regular Breadth : 22 Feet
    • Overall Length : 61.2 Feet
    • Overall Breadt : 22 Feet
    • Load draft : 6.2 Feet
    • Light Draft : 6.2 Feet
  • Other
    • Year : 1941
    • Coast Guard Number : 241248

UNIVERSAL MARINE TRANSPORTATION, LLC

  • Area of Operation : ICWW AND HOUMA NAV
  • Principal Commodity : TOWING

News

AI Can Help Shipping Industry Cut Emissions, Report Says

AI Can Help Shipping Industry Cut Emissions, Report Says

The global commercial shipping industry could cut down its carbon emissions by 47 million tonnes per year by deploying artificial intelligence for sea navigation, a study by autonomous shipping startup Orca AI showed on Tuesday.The use of the technology could reduce the need for maneuvers and route deviation from close encounters with high-risk marine targets such as vessels

Shipbuilding Prices Climb to Highest Level in 16 Years

Shipbuilding Prices Climb to Highest Level in 16 Years

The prices for newbuild vessels have risen to their highest level in 16 years, according to latest figures from shipping association BIMCO.“Since the start of the year, newbuilding prices have risen 3% to their highest level since 2008. Compared to their most recent low in late 2020 they are up 53%.

Container Shipping Demand Up Significantly, Hapag-Lloyd CEO Says

Container Shipping Demand Up Significantly, Hapag-Lloyd CEO Says

Hapag-Lloyd Chief Executive Rolf Habben Jansen said on Wednesday that demand for container shipments across the world's oceans has risen significantly in recent weeks but the upswing may be short-lived.The CEO told customers at an online presentation that the increase since the start of May was due to a combination of stocks being replenished in some sectors

Red Sea Crisis Forces Operators to Use More Containerships, Adding to Emission Concerns

Red Sea Crisis Forces Operators to Use More Containerships, Adding to Emission Concerns

The shipping industry's pledge to limit its carbon footprint may suffer a setback as the current Red Sea crisis prompts it to use more vessels and take longer routes to ensure the smooth sailing of global maritime trade.Iranian-backed Houthi militants' attacks on vessels passing through the southern Red Sea have choked trade through the Suez Canal

Sharp Uptick Seen in Crude Tanker Ordering

Sharp Uptick Seen in Crude Tanker Ordering

Contracting activity for for crude tanker newbuilding has risen sharply to start 2024, driven by a steep rise in orders for very large crude carriers (VLCC), according to shipping organization BIMCO.In the first two months of 2024, crude tanker newbuild contracting surged to 7.4 m DWT, a 490% leap y/y.

Spain's Ports See Goods Traffic Rise as Red Sea Crisis Continues

Spain's Ports See Goods Traffic Rise as Red Sea Crisis Continues

The volume of goods moving through Spain's top ports rose by as much as 25% in January as attacks on shipping in the Red Sea caused companies to divert Europe-bound vessels around southern Africa instead.Spain's northern ports have also seen volumes in transit jump by up to triple as traders opt to avoid moving goods by truck through Europe because of widespread blockades by farmers

Seafarer Abandonment Is on the Rise

Seafarer Abandonment Is on the Rise

Seafarer abandonment is on the rise, according to latest figures from the International Transport Workers Federation (ITF).In 2023, a total of 132 vessel abandonments were reported, which is 13 more than in 2022 – an increase of 10.92%. IFT said it made 129 of those reports.Under the Maritime Lamour Convention 2006 (MLC)

Red Sea Shipping Costs Rising After Houthis Target More Commercial Vessels

Red Sea Shipping Costs Rising After Houthis Target More Commercial Vessels

The cost of shipping goods through the Red Sea is rising as Yemen's Houthis step up attacks on ships they deem connected to Israel with fears of a spillover that could disrupt global supplies sailing through the region, industry sources said.Yemen's Houthis said on Tuesday they hit a Norwegian commercial tanker with a missile in their latest protest against Israel's invasion of Gaza

Harland & Wolff Belfast Bags $74M Canadian FPSO Refurbishment Deal

Harland & Wolff Belfast Bags $74M Canadian FPSO Refurbishment Deal

Harland & Wolff has secured a contract with Canada-based Cenovus Energy for the mid-life upgrade of the SeaRose FPSO vessel. The base contract value is approximately £61 million (~currently around $74 million). The FPSO is expected to arrive at Harland & Wolff in Belfast in the first quarter of 2024 and will be in the building dock for a period of more than three months.

Baltic Dry Index Hits One-year High

Baltic Dry Index Hits One-year High

The Baltic Exchange's main sea freight index rose to its highest in a year on Monday, helped by higher rates for capesize vessels.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, climbed 3.2% to 1,991.The capesize index added 176 points, gaining 5.3% to 3,485 - its highest level since May 25, 2022.

Top Global Ports May Be Unusable by 2050 Without More Climate Action

Top Global Ports May Be Unusable by 2050 Without More Climate Action

Some of the world's largest ports may be unusable by 2050 as rising sea levels hit operations, and efforts to speed up decarbonization of the maritime sector and bring in new technology are vital, a study showed on Friday.Weather-related disruptions are already impacting ports across the globe. These include a drought which is hampering operations in the Panama Canal, a top waterway.

China's July Crude Imports Drop to Lowest Since January

China's July Crude Imports Drop to Lowest Since January

China's crude oil imports in July fell 18.8% from the previous month to the lowest daily rate since January, customs data showed on Tuesday, as major exporters cut back overseas shipments and domestic stocks continued to build. Crude shipments into the world's biggest oil importer in July totaled 43.69 million metric tons, or 10.