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
The brand new Canadian Coast Guard vessel Sir John Franklin crashed into Victoria’s breakwater on March 22, crumpling a side of its back-end.The Seaspan-Shipyards-built Sir John Franklin was in sea trials when it crashed into Ogden Point breakwater.The 64-meter vessel, was heading into port when it banged into the wall, damaging it as well as the breakwater.
Malaysia seizes 3,300 rare turtles from a boat in suspected trafficking caseMalaysian authorities seized about 3,300 rare pig-nosed turtles on Wednesday suspected of being smuggled into the Southeast Asian country.The turtles, found in Australia and on the Indonesian island of Papua, are endangered due to high demand from exotic pet traders, wildlife experts said.
The guided-missile destroyer USS Chung-Hoon (DDG 93) interdicted a shipment of narcotics aboard a stateless vessel while conducting maritime security operations in the international waters of the Gulf of Aden, Dec. 27.Chung-Hoon’s visit, board, search and seizure (VBSS) team seized over 11,000 pounds of hashish while conducting a flag verification boarding.
Humphree makes inroads in North American markets with vessel stabilization technology.If you haven’t yet heard of Humphree – the Sweden-based supplier of vessel stabilization systems – then, more than likely, that’s about to change. The firm’s penetration into the North American commercial and leisure marine market has seen its equipment on several vessels
The advent of U.S. offshore wind also brings the need for the quality and quantity of built-for-purpose vessels needed to sustain its momentum.As the long-awaited advent of offshore wind finally arrives on this side of the big pond, one question which continues to dominate the conversation is where (and when) the fit-for-purpose tonnage necessary for this great leap forward will come from.
The ReCAAP ISC has received information from the Philippine Focal Point (Philippine Coast Guard) that a group of approximately 10 ASG (Abu Sayyaf Group) members armed with pistol, rifles and grenade launcher is planning to conduct kidnapping activities at any opportune time in undisclosed areas in Sabah primarily targeting businessmen or ship's crew of foreign vessels passing through the area.
The Cemtex Pioneer, a vessel carrying U.S. soybeans that was caught up in the China-U.S. trade row, has left east China's port of Nantong near Shanghai, according to shipping data on Thomson Reuters Eikon on Sunday.The vessel's draft is now at 58 percent of its maximum, indicating that it has unloaded its cargo, according to the Eikon data
Why insurers cannot afford to be left behindAccording to Maersk, “everything that can be digitized will be digitized”, and there is no doubt that the world of shipping is currently undergoing a digital revolution. From vessel movement data to port statistics and engine diagnostics and data, the latest technology empowers insurers to segment and optimize their existing portfolio
The U.S. Coast Guard received a report of a generator fire aboard a 1,013 foot bulk carrier freighter in Lake Superior, at 4:20 a.m. Monday.The master of motor vessel Paul R. Tregurtha reported the fire extinguished at 5:30 a.m. and stated that there were no injuries or pollution, and all 23 crewmembers are accounted for.
Port officials on Tuesday are expected to consider $300 million in financing that would prepare the country's largest oil-export port - Corpus Christi, Texas - to handle a surge in U.S. shale production over the next five years.International buyers would like more U.S. crude but are unable to get it because of infrastructure constraints along the U.S. Gulf Coast.
A subsidiary of Carnival Corporation has reached a deal to purchase port, railroad and retail operations that form a gateway to the Klondike Gold Rush region, in a major push into the Alaskan tourism industry.Carnival, the world’s largest cruise and leisure travel company, announced Thursday it has entered a purchase and sale agreement through its subsidiary Holland America Princess Alaska Tours