Shipping

  • Meyer transfers first large cruise ship in a year...

    Meyer Werft completed a key step in the construction of its newest large cruise ship transferring the ship from the building yard in Papenburg, Germany to the North Sea. The ship, which was approximately six months behind schedule, also marks a turning point for the shipyard which is working to reorganize its operations to remain competitive for the cruise industry that continues to face the challenges of the pandemic.

     

  • SAL and jumbo announce JV to consolidate heavy...

    Two of the leading operators in the heavy lift and project cargo business are proposing to form a joint venture to enhance operating efficiencies as they seek to realize the emerging opportunities in the sector. SAL, the German-based breakbulk and project cargo specialist, and Jumbo Marine, the Dutch maritime heavy lift transport and installation contractor, intend to form a joint venture.

     

  • Russian Arctic tanker arrives in France for...

    One of the Russian ice-class Arctic LNG carriers that recently ran the winter test run on the Northsea Route arrived at a shipyard in France for repairs sustained to its propulsion system. French media is reporting that the ship will spend 20 days in drydock.

     

  • Hurtigruten reports passenger data exposed in...

    Hurtigruten is reporting a breach of consumer information in the recent cyberattack the shipping company experienced in December 2020. At the time, it was believed to be a significant attack. The company had taken systems offline while it investigated.

     

  • Havila Shipping ASA: Fourth quarter 2020 accounts...

    The sharp fall in oil prices and the outbreak of the Covid-19 virus in the first quarter reduced the activity in the market in where the vessel operates. Despite an increase in oil prices, there is still low demand for vessels. The market situation has led to a further impairment charge of the value of the company’s vessels in the fourth quarter.

     

  • U.S. Navy’s 5th fleet has two potential outbreaks...

    A year into the pandemic, the U.S. Navy reports that its 5th Fleet is responding to outbreaks of the virus on two vessels both operating in the Persian Gulf region. The Navy is following the protocols developed last year after the first outbreaks of the virus aboard its ships that drew worldwide attention.

     

  • Third Golden Ray hull cut resumes as five-week...

    After completing repairs to their cutting gear, salvors have resumed the process of separating the third segment of the wrecked ro/ro Golden Ray for removal and scrapping. The third cut passes through the vessel's engine room and is proving to be much more time-consuming than the previous two, with delays due to a connecting link breakage and wire rope replacement. The evolution is now entering its 32nd day. 

     

  • Belships: Quarter led by Lighthouse Navigation;...

    While the main operating segment of Dry Cargo Ships provided results in line with our expectations, overall figures were boosted by a very volatile Lighthouse Navigation segment, which showed the highest EBITDA since acquisition. The shipping market has turned very bullish over the last two months and the outlook improved for both the 2021 and, seeing historically low supply level, the longer term. Thus, we are likely to keep our positive stance towards the stock.

     

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LNG shipping costs fluctuate after a depression in 2020: GECF

For most of 2020, the LNG shipping market was in a depressed state like many other segments of the global gas industry. LNG export cargoes fell by 0.2% y-o-y in 2020 to reach 5,682 shipments, driven by a slowdown in LNG demand amid the Covid-19 pandemic. The commissioning of various LNG carriers around the world exacerbated that trend. Between the period 2018 and 2020, the market witnessed the record commissioning of LNG carriers, with 134 LNG carriers coming on line, with 41 of those being commissioned in 2020. As a result, at the beginning of 2021, there were over 600 LNG carriers operating in the global market.

 
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Maersk Boxship stopped in Pacific awaiting repair crew and parts

A Maersk operated containership remains stopped in the Pacific awaiting the arrival of a service technical crew that is being dispatched along with replacement parts for the vessel’s main engine. Unlike other recent incidents, Maersk reports no loss of containers saying that the crew and the container cargo have remained secure and that the vessel is maintaining power to its refer boxes.

 
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Royal Caribbean and Celebrity will resume summer Mediterranean Cruises

The Royal Caribbean Group is continuing to move forward with its plans to resume cruise operations further expanding its international cruises. Two of the company’s brands added summer cruise programs in the Eastern Mediterranean. The company has now announced plans for seven cruise ships to be operating during the summer months.

 
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Aluminum shipbuilder All American Marine sold to Bryton Marine Group

Bellingham-based All American Marine (AAM) has been sold to Bryton Marine Group, a family-owned holding company with six well-known aluminum boatbuilding brands. AAM is a leader in aluminum vessel design and manufacturing, and its vessels are a familiar presence on the West Coast waterfront and beyond. 

 
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Royal Caribbean bases ship in Bermuda to resume North American Cruises

Continuing its efforts to resume cruise operations, Royal Caribbean International will homeport a cruise ship in Bermuda offering 7-day cruises that combine Bermuda with a call at the company’s private island destination in the Bahamas. The program, which will be the first time a major cruise line has homeported a cruise ship in Bermuda, marks the fourth cruise ship the line plans to have in operation this summer and the second operating targeted to the North American cruise market. 

 
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CMV's former Columbus is latest cruise ship headed to Indian scrappers

Another classic cruise ship from the 1990s, and the fourth vessel previously operated by the UK’s Cruise & Maritime Voyages, has departed for the scrapyards of India. Introduced in 1989 and having spent the last three years sailing for CMV before the pandemic, the ship which was last known as the Columbus was renamed Colus departing Oman bound for the beaches of India.

 
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