The Baltic Exchange's main sea freight index climbed on Friday to post its best weekly gain since mid-February thanks to higher demand for capesize vessels.The Baltic dry index, which tracks rates for capesize, panamax and supramax vessels ferrying dry bulk commodities, rose 38 points, or 1.4%, to 2,788, its highest since September 2010.The main index firmed 16.
Bouchard Transportation Co. Inc. and three former and current management officials from the Long Island-based petroleum barge company have paid $375,000 in restitution to the brother of one of two seamen killed in a 2017 barge explosion off Port Aransas, Texas.The seaman alleged the company fired him for cooperating with investigators and reporting safety concerns to the U.S.
Morton S. Bouchard, III, fourth generation leader of family-owned Bouchard Transportation, has been ordered to step down from his role as chief executive officer as the Long Island-based tug and barge operator continues to navigate through bankruptcy and a string of legal challenges.
The U.S. Navy seized thousands of weapons from two stateless dhows during a maritime security operation off the coast of Somalia last week.A boarding team from guided-missile destroyer USS Winston S. Churchill’s (DDG 81) discovered the illicit cargo during a flag verification boarding in international waters, and the confiscation took place February 11 and 12.
An 89-year-old passenger ship, out of commission due to the coronavirus pandemic, was repurposed on Tuesday as a COVID-19 vaccination center for thousands of residents from cities on Lake Constance.The 500-passenger MS Thurgau normally carries tourists and commuters between German and Swiss cities on Europe’s third-largest lake.
There are many hallmarks of great civilizations, but perhaps none so universal as their desire to push the boundaries of human achievement through innovation. A key source of American pride has always been our ability to dream big. When it comes to ships, there is no more powerful example of this than the SS United States.
For the Design issue Greg Trauthwein asked me to write about a favorite ship design. I have no favorite ship design, or should say there are simply too many that are truly worthy of mention. But when considering favorite designs, ship designers (and builders) do carry a strange curse.
A tanker vessel rescued of 18 Ecuadorians after their 72-foot commercial fishing vessel sank Friday approximately 350 miles north of the Galapagos Islands, the U.S. Coast Guard said.USCG 11th District watchstanders received an alert from an emergency position-indicating radio beacon from an unknown vessel north of the Galapagos Islands at 4:30 a.m. Friday.
Two warships came to the aid of an injured seafarer on board the Indian-flagged merchant tanker Lourdes off the coast of Oman in the early hours on Monday.French frigate Jean Bart and Japanese destroyer Ariake were called to conduct the emergency operation, which saw medical personnel from both vessels assist an Indian patient who had a suspected head injury.
Edward Schwarz, Vice President for ABB Marine and Ports, received the United States Merchant Marine Academy’s Rear Admiral Lauren S. McCready Award as the 51st recipient.Edward A. Waryas, Jr., Board Member for NYSE-traded KNOT Offshore Partners, LP as the 43rd recipient of the award and co-chair of the award’s committee made the announcement.The Lauren S.
A Sandy Hook Pilots Association captain died from injuries suffered during a boarding accident on Wednesday.Capt. Timothy Murray reportedly fell from a pilot ladder while boarding a tanker inbound to the Port of New York & New Jersey at approximately 10:30 p.m., the pilots association said in a statement. Murray was evacuated to a local hospital, where he died from the injuries.The U.S.
A keel laying ceremony on Tuesday marked the official start of assembly on the first new U.S.-flagged Great Lakes bulk carrier to be built in more than 35 years.During the ceremony held by The Interlake Steamship Company and Fincantieri Bay Shipbuilding, (FBS) the keel was laid within the shipyard’s large graving dock in Sturgeon Bay, Wis.