Shipping

  • Coronavirus pandemic triggers shipping container...

    Anyone who needs to ship something big — or a great deal of something small — rents an ISO container for the purpose. But that's not an easy task at the moment — there simply aren't enough transport boxes available. And buying a container isn't easy either.  

     

  • Australia sends escort to meet fire-damaged...

    Australian authorities announced that they are sending a support vessel out to meet up with the fire-damaged supply ship returning from Antarctica with 72 expeditioners and 37 in crew. They are calling this latest action a precautionary measure as the vessel is proceeding under its own power after an additional maintenance issue. 

     

  • CMA CGM Jacques Saade Boxship sets second record...

    For the second time in six months, French shipping giant CMA CGM Group is claiming a record for the largest number of full containers loaded aboard a single vessel. The achievement comes as the industry prepares to build even larger boxships to realize the economies of scale and meet the increasing demand for capacity.

     

  • Abandoned heavy-lift vessel successfully towed to...

    The four-day drama of the Dutch heavy-lift vessel abandoned and drifting towards the Norwegian coast came to a quiet end as the vessel was brought safely to port this afternoon. An emergency effort late last night secured a towline after airlifting the salvage crew to the deck of the listing vessel.

     

  • BIMCO: Containership orders reach high with focus...

    Construction orders for new containerships are at a high, setting new records in March and highlighting the confidence of the shipping industry. The industry trade group BIMCO is highlighting the order book as its “number of the week.”

     

  • Pandemic hits global shipping operations

    Towering cranes work overtime swinging containers from cargo vessels in the eastern Chinese port of Lianyungang, racing to keep ahead of a perfect storm unleashed by the pandemic that has created gridlock in global shipping.

     

  • Brodosplit delivers luxury expedition cruise ship...

    A delivery ceremony was held on April 1 at the Brodosplit shipyard in Split, Croatia for the new polar expedition cruise ship Ultramarine. The technologically advanced vessel is the first company-owned cruise ship for the American company Quark Expeditions, a part of the UK Travelopia Group. A pioneer in expedition cruising, Quark plan to offer a new level of luxury for polar expedition.

     

  • Alaska Marine Highway explores reefing a ferry to...

    Long plagued by financial deficits and state budget cuts, the Alaska Marine Highway is considering reefing one of its oldest vessels as it explores ways to reduce costs. Considered a vital service connecting many of the coastal communities of the state, the Marine Highway System, operates with four vessels on its mainline and five more for day boat and shuttle service, while a state commission has been examining its future.

     

  • Preparations still under way for third Golden Ray...

    Salvors have been working hard to prepare for a resumption of cutting operations to remove the engine room section of the grounded ro/ro Golden Ray, the latest in a series of giant chunks to be cut off and shipped away for demolition. According to the Brunswick News, the team has been replacing the stud-link anchor chain for the third cut in the series with a stronger length. The previous chain broke during cutting operations, forcing salvors to pause work and move on to the fourth cut in the series while divers re-rigged the equipment for the third cut.

     

  • International Seaways and Diamond S Shipping...

    International Seaways, Inc. and Diamond S Shipping Inc., two of the leading tanker companies worldwide providing energy transportation services for crude oil and petroleum products in International Flag markets, announced yesterday that their Boards of Directors have unanimously approved a definitive merger agreement pursuant to which INSW will merge with Diamond S in a stock-for-stock transaction. Subsequent to the merger, INSW and Diamond S shareholders will own approximately 55.75% and 44.25% of the combined company, respectively, using fully diluted share counts as of March 30, 2021.

     

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Florida seeks court injunction for immediate cruise restart from U.S.

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.

 
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Damen delivers Multi Cat to Leask Marine in record time

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.

 
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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.

 
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Additional Caribbean cruises for Americans from non-U.S. Ports

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.

 
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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.

 
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New Seabourn expedition cruise ship arrives at Mariotti for outfitting

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.

 
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Hapag address container shortage with large order for new boxes

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.

 
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