Record cargo volumes are moving across The Port of Virginia and doing so with efficiency as a result of expanded container handling capacity at its two primary container terminals.In May, the port processed nearly 261,000 TEUs (twenty-foot equivalent units) making it the busiest May in the port’s history.
China Petroleum & Chemical Corporation (Sinopec ), China's first large-scale production of greener low-sulfur marine fuel oil (LSFO), announced the production capability of 10 million and 15 million tons of low-sulfur marine fuel oil in 2020 and 2023.The Beijing-based Chinese oil and gas enterprise said in a press release that by January 1, 2020
Cruise line Royal Caribbean International officially took delivery of the 26th ship in its fleet, 169,000 grt Spectrum of the Seas, in a ceremony Thursday in Bremerhaven, Germany.The first ship in the Quantum-Ultra class, the Meyer Werft built Spectrum of the Seas measures 347.1 meters long and 41.4 meters wide.
Twenty-seven people have been rescued from an Italian-registered cargo ship that caught fire Monday night in the Bay of Biscay, about 150 miles southwest of Brest. The Grimaldi Group owned combination container roll-on/roll-off (ConRo) vessel Grande America was sailing from Hamburg to Casablanca when its cargo of containers and vehicles caught fire around 8 p.m.
Jensen Maritime, Crowley Maritime Corp.’s Seattle-based naval architecture and marine engineering company, has provided the detailed design for an initial four, with an option for six additional, Tier IV tractor tugboats being built by Nichols Brother Boat Builders for Foss Maritime.
Beluga Ace: New Design Car Carrier with Six Liftable DecksBeluga Ace, the first vessel of next-generation FLEXIE series car carrier built by the Minaminippon Shipbuilding Co., Ltd., was delivered to Japanese shipowner Mitsui O.S.K. Lines, Ltd. (MOL) in March 2018. The space onboard was rearchitected using the design concept.
Japanese carrier Ocean Network Express (ONE) is set to see losses spiral to $600m in its first year, says its revised consolidated business forecast for FY2018 (April 1, 2018 to March 31, 2019).The integrated container shipping operating company, which was established by Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd.
The U.S. Navy has ordered four new tugs from Anacortes, Wash. shipbuilder Dakota Creek Industries Inc., with options for two additional vessels. Construction of the series′ first vessel is expected to begin in early in 2019.The vessels will be a new version of the Robert Allan Ltd. designed Z-Tech 4500 tugs. The Navy already has six vessels of this design, known as the YT 802 Class, in service.
Royal Caribbean Cruises (RCL) and Silversea Cruises announced agreements to build three new ships for Silversea Cruises, including two luxury vessels as well as a single expedition ship for the Galapagos.Silversea, the luxury and expedition cruise brand that recently joined the RCL family
The Netherlands based Royal IHC said it has secured a contract from Belgium-based DEME for the design and build of four new vessels.The order consists of a copy of the liquefied natural gas (LNG) powered 8,400m3 trailing suction hopper dredger (TSHD) Scheldt River delivered in 2017, as well as a 2,300m3 TSHD and two 3,500m3 split barges.
Canada’s lead Arctic and Offshore Patrol Vessel, the future HMCS Harry DeWolf, was launched at Halifax Shipyard on Saturday, marking a significant milestone for the National Shipbuilding Strategy (NSS) and the revitalization of the Royal Canadian Navy’s combatant fleet.At 103 meters and 6,615 metric tons
Companies, lenders, and their auditors worldwide need vessel appraisals that can be relied upon when put into legal documents. As the offshore energy support markets awaken, this is more important now, than ever.While a great deal of shipping finance is done at a 10,000' level, with bond deals and equity swaps, the value of the assets found on ground level are still very important.