Shipping

  • Three months in, Salvors complete third cut...

    At long last, operations to complete the third cut through the hull of the grounded ro/ro Golden Ray are complete. Salvors finished the transverse cut through the vessel's engine room on Saturday, bringing a months-long effort to an end. 

     

  • Florida seeks court injunction for immediate...

    Pressure is continuing to build on the U.S. Centers for Disease Control and Prevention to respond to the calls from the cruise industry and government officials to take immediate actions to move toward the restoration of cruises from U.S. ports. While cruise industry executives sounded a positive tone, the state of Florida joined by Alaska is moving forward aggressively with its actions. Efforts, however, in the U.S. Congress met with resistance leaving the cruise industry no closer to resuming operations than it was a week ago.

     

  • Damen delivers Multi Cat to Leask Marine in...

    Damen Shipyards Group has delivered a Multi Cat 2712 to Orkney-based Leask Marine. The vessel has been delivered just six weeks following contract; a result of Damen’s series building philosophy. She will perform a variety of marine engineering-related tasks, including dive support, anchor-handling and cable-laying assistance.

     

  • Castor Maritime Inc. announces vessel acquisition

    Castor Maritime Inc. (NASDAQ: CTRM), (“Castor”, or the “Company”), a diversified global shipping company, announces that it entered, through a separate wholly-owned subsidiary, into an agreement to acquire a 2015 Chinese-built Kamsarmax dry bulk carrier from an unaffiliated third-party for a purchase price of $23.5 million.

     

  • Additional Caribbean cruises for Americans from...

    Cruise lines marketing to American passengers continue to announce plans to resume programs outside U.S. ports to avoid the current regulations from the Centers for Disease Control and Prevention that have been blocking the resumption of service from American ports. Cruise ships from brands owned by Carnival Corporation and Genting Hong Kong will resume service in the Caribbean this summer joining previously announced programs aboard ship from the Royal Caribbean Group, Viking, and another Genting ship.

     

  • Debate continues Over U.S. cruise restart

    The battle lines are being drawn in the debate to accelerate the restart of cruises from American ports. The industry is continuing its lobbying efforts and pushing the Centers for Disease Control and Prevention for action while U.S. senators and representatives are introducing legislation but, in a surprise move, other senators are now calling on the CDC to maintain its position not risking a new health crisis.

     

  • New Seabourn expedition cruise ship arrives at...

    Construction is proceeding on the next generation of cruise ships. Over the weekend, the hull of the new expedition cruise ship, the Seabourn Venture, completed a more than 1,200-mile voyage between two shipyards. The completed hull will now be fitted out preparing for the cruise ship’s entry into service in December 2021.

     

  • Hapag address container shortage with large order...

    After months of struggling to meet the demand for containers, Hapag Lloyd announced it is placing one of the largest orders for boxes in the company’s history. The new order, which is valued at $550 million, is designed to ease the supply shortage that has been brought on by strong demand and slowdowns in the movements of boxes throughout the supply chain due to the pandemic.

     

  • Giant wind blades are largest non-container cargo...

    The development of the wind turbine sector is creating new challenges for the shipping industry as the massive blades and elements are shipped from their manufacturers to the staging points for their installation. APM Terminals Pecem, at the port of Pecem in northeast Brazil, recently handled the loading of three blades, which it reports became the largest non-containerized cargo operation in the world.

     

  • Shell and Pan ocean continue to expand LNG-bunker...

    Shell Tankers is continuing to build out its global fleet of LNG bunker vessels to service the growing ocean fleet of LNG-fueled vessels. The company has entered into an additional charter agreement of Pan Ocean of South Korea for the construction of another LNG bunker vessel at the Hyundai Mipo Dockyard also in South Korea.

     

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CDC says U.S. Cruises should sail by summer

After weeks of criticism, the U.S. Centers for Disease Control and Prevention (CDC) issued a letter to the cruise industry on April 28 reiterating its commitment for the resumption of cruises from U.S. ports by mid-summer. The four-page letter responds to many of the issues raised by the cruise lines and for the first time provided detailed guidance as well as a new alternative to speed the resumption of U.S.-based cruises. Industry executives responded positively while cautioning that they were still reviewing the details.

 
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CMA CGM orders 22 new boxships from China shipbuilding

French shipping company CMA CGM Group joined the wave of new containership orders placing a giant 22 ship order with China’s CSSC Group. China Shipbuilding Corporation is heralding it as the largest single containership order the company has undertaken.

 
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Checks and balances on container rates

In shipping there have been clear winners and loser in the global war against the Covid-19 pandemic. In the latter camp sit cruise ships and to some extent tankers, who have seen earnings spike from storage demands only to fall back as international oil demand waned.

 
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First signs of improvement in shipping reliability and reduced delays

After months of reports of delays and bottlenecks as volumes strained the global shipping industry, the worst appears to have passed. According to new data from analytics firm Sea-Intelligence while reliability and delays are still prevalent, there however was a marked improvement in schedule reliability and the first signs of reversing the deteriorating trend for late-arriving vessels. The data is also supported by anecdotal reports at ports around the globe.

 
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Cargo ship losses stability dumping containers into harbor

A small container ship loading containers in a Vietnamese port lost stability causing it to roll on its side and lose its deck loaded cargo. Vietnamese authorities are not reporting any injuries, but are warning of a navigation hazard. Ships are being advised to use alternate routes while a recovery operation is underway.

 
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