Sunken Stellar Daisy Located
The Stellar Daisy, a massive South Korean tanker that sank in March 2017, was spotted on the floor of the South Atlantic Ocean nearly two years later.Exploration company Ocean Infinity said that it has located the wreck of the lost South Korean tanker, Stellar Daisy, at a depth of 3,461 meters in the South Atlantic Ocean, approximately 1,800 nautical miles due west of Cape Town.Stellar Daisy sank on 31 March 2017, transporting iron ore from Brazil to China. Tragically, 22 of the 24 crew were lost.Working from Seabed Constructor…
Panama Canal Appoints New Administrator
The Panama Canal Board of Directors announced the appointment of Ricaurte Vasquez as the next Panama Canal Administrator.According to a press note from the artificial 82 km waterway in Panama that connects the Atlantic Ocean with the Pacific Ocean, Vasquez will take office on September 4, 2019, succeeding current Administrator Jorge L. Quijano, who concludes his seven-year term at the helm of the waterway.The decision was made by the Board of Directors in accordance to an independent…
CMA CGM's First Vessel Dedicated to the French West Indies Delivered
The CMA CGM Group has announced it has taken delivery of the CMA CGM Fort de France, the first of an order for four container ships dedicated to the French West Indies.With a capacity of 3,500 TEUs (Twenty-foot equivalent units) and a length of 219 meters, the CMA CGM Fort de France stands out by its draft which is adapted to the West Indies ports. It is also equipped with a large number of plugs for refrigerated containers (“Reefers”) which allow the transport in optimal conditions of perishable goods such as bananas…
St. Lawrence Seaway Workers Ratify Contract
The St. Lawrence Seaway Management Corporation (SLSMC) has announced that its unionized employees, members of UNIFOR, ratified a three-year labor agreement covering the period of April 1, 2018 to March 31, 2021.Terence Bowles, President and CEO of the SLSMC, praised the negotiating teams for achieving another multi-year agreement, and said, “A fair labor settlement was reached earlier this month, enabling the St. Lawrence Seaway to continue providing uninterrupted service to the thousands of entities that depend upon marine transportation…
Marine Insurance: Protect Your Yacht, Yourself
All my life, I grew up around boats. My dad was a captain for 23 years, and I would travel on his ships throughout the Gulf of Mexico, the Atlantic Ocean and the Great Lakes. My first job out of college was in San Francisco, so naturally I bought a 30-foot sailboat and lived on it on the San Francisco Bay. In more recent years, I have enjoyed yachting with my family on the inland lakes of Virginia. No matter where you have launched your yacht, boating is an exhilarating experience. It can also be dangerous and fraught with risks.
Great Lakes Shipping Supports 237,000 Plus Jobs
The new study by the Department of Transportation Great Lakes - Saint Lawrence Seaway says that shipping supports more than 237,000 jobs and billions in economic activity.A year-long study of the economic impacts of the entire Great Lakes-St. Lawrence Seaway navigation system is a definitive and detailed report documenting the many contributions made by the Great Lakes Seaway system to federal, state/provincial and local economies.The study reports that in 2017 maritime commerce supported: 237…
Shipping Losses Continue to Fall
Large shipping losses have declined by 38 percent overall in the past decade, according to the Safety & Shipping Review 2018 by Allianz Global Corporate & Specialty (AGCS).Further, the number of total losses declined by 4 percent to 94 last year, the second lowest number in a decade.“Insurance claims have been relatively benign, reflecting improved ship design and the positive effects of risk management policy and safety regulation over time,” says Baptiste Ossena, Global Product Leader Hull & Marine Liabilities…
Dredging to Boost Opportunities at Port of Setubal
Blue Atlantic Industrial & Logistics Park has welcomed a ‘transformational’ dredging project which will unleash trade and export opportunities in the Port of Setubal, Portugal.The 96-hectare site is located 40km south of Lisbon in one of Europe’s leading maritime industrial zones. It is being offered for sale by Portuguese holding services company Sapec.Blue Atlantic project lead Fernando Fernandes said APSS - Administration of the Ports of Setubal and Sesimbra - is scheduling the dredging project for October 2018.
Port Canaveral: Leveraging the Past, Building for the Future
The East Coast’s most diversified cruise port is poised for an exciting run at the future. Almost 38 years ago, Port Canaveral, Florida had some minor cargo traffic, a large U.S. Navy presence, some submarines, and was homeport to an obscure fleet of specialized Military Sealift Command missile tracking vessels. And, not much else. Those who called at the port in those days couldn’t possibly have visualized then what the port has now become. That’s because the first cruise vessel…
Brazilian Grain Producers Explore Increased Use of Panama Canal
Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority's chief administrator said. The canal's administration is looking to increase its participation in rising Brazilian grain exports, since a large part of grain trade expansion in Brazil is via new terminals in the northern part of the country, which are closer to the canal.
Panama Canal Sets New Milestone with 3,000th Neopanamax Transit
Panama Canal announced the transit of its 3,000th Neopanamax vessel, exceeding initial traffic expectations by this date and reaffirming the value and impact its route has had on global maritime trade, said a press release on Friday (March 02). The Panamanian flagged containership MSC Caterina completed the milestone transit this morning traveling northbound from the Pacific to the Atlantic Ocean. The vessel measures 300 meters in length and 48 meters in beam, with a total TEU allowance (TTA) of 9,000 containers. It was one of nine Neopanamax vessels welcomed at the Panama Canal on Friday.
3,000th Neopanamax Transits Panama Canal
Today the Panama Canal announced the transit of its 3,000th Neopanamax vessel, exceeding initial traffic expectations by this date and reaffirming the value and impact its route has had on global maritime trade. The Panamanian flagged containership MSC Caterina completed the milestone transit this morning traveling northbound from the Pacific to the Atlantic Ocean. The vessel measures 300 meters in length and 48 meters in beam, with a total TEU allowance (TTA) of 9,000 containers. It was one of nine Neopanamax vessels welcomed at the Panama Canal today.
Shipowners' Club on Mayflower Autonomous Ship
The Shipowners' Club has revelead details about Mayflower Autonomous Ship project (MAS), which is an innovative new venture to design, build and sail the world’s first fully autonomous vessel across the Atlantic Ocean. The project’s name commemorates the anniversary of the Pilgrim Father’s voyage from Plymouth, UK to Plymouth in the New World (USA) on the original Mayflower in 1620. To mark the anniversary, marine tech company MSubs, Plymouth University and charitable research foundation Promare, are developing a 21-metre autonomous vessel based on a classic Oyster hull.
2,000th Neopanamax Transits Expanded Panama Canal
Yesterday, the Panama Canal welcomed its 2,000th Neopanamax vessel through the waterway, demonstrating the route’s continued impact on maritime trade and the industry’s confidence in the safe, reliable and efficient service the Canal provides. The COSCO Yantian containership completed the milestone transit through the Expanded Canal traveling northbound from the Pacific to the Atlantic Ocean. The vessel measures 351 meters in length and 43 meters in beam, with a total TEU allowance (TTA) of 9,504.
Husky Energy Pact for Canadian Offshore Project
NC-Lavalin, Dragados Canada and Pennecon announced that their General Partnership (GP) has been awarded a construction contract from Husky Energy as part of the company's West White Rose Project in Newfoundland and Labrador. The GP will build a concrete gravity structure (CGS) for a fixed drilling platform. The CGS, with an overall height of 145m and base diameter of 122m, will require 76,000m3 of concrete in its construction, which will take place in a purpose built dry dock from 2017 to 2021.
GAC Brazil Opens Office in São Luis
GAC Brazil continues its regional expansion with the opening of a ninth office at São Luis, the capital city of the Brazilian state of Maranhao – making it the first to be located in the northern region of Brazil. Situated on São Marcos Bay, an extension of the Atlantic Ocean, the office will serve two major ports in the area – Ponta da Madeira (PDM) and Porto do Itaqui – as well as Alumar Terminal, which receives a large number of ships per year discharging raw materials used on aluminum production loading alumina in bulk.
APM Terminals Tangier Celebrates 10 years in Morocco
APM Terminals Tangier welcomed the Munich Maersk, one of the world’s largest container vessels, as it made its maiden call to celebrate the 10th anniversary of the largest and most modern terminal facility in North Africa. APM Terminals Tangier is one of the most important transfer points of global trade. In addition to handling Moroccan import and export cargo, the terminal manages and transfers cargo for onward destinations in Africa, Latin America and beyond. Tangier's strategic…
ABIS Seals Agreement to Support Spanish Port Development
ABIS Holdings Energy Services Ltd has signed an agency agreement to support the development and operation of an offshore supply base on the Spanish island of Gran Canaria. The UK-based energy services provider will act as the agent for Gran Canaria Subsea and Offshore Base (GCSB), an organization that operates in the Port of Arinaga, in attracting and negotiating with clients looking to use the strategic maritime port. An ideal location for operators requiring port facilities ahead of work in West Africa and across the mid-Atlantic Ocean…
Port Autonome de Papeete Orders Tug for Tahiti
Damen Shipyards said it has won an open tender for the supply of a tug to Port Autonome de Papeete on the Pacific island of Tahiti. Tahiti is part of French Polynesia, an overseas territory of the French Republic. The tug will be Damen’s popular ASD 2810 model, a rugged, versatile vessel capable of delivering 60 tonnes of bollard pull. Pape’ete is the capital of French Polynesia and the economic hub of the archipelago. Port Autonome de Papeete serves a wide range of vessels including local ferries…
Polaris Orders 3 Iron Ore Carriers at Hyundai
South Korean shipping firm Polaris Shipping Co has placed an order with Hyundai Heavy Industries (HHI) to build three very large iron ore carriers, Yonhap reported. Polaris said the 325,000-ton iron ore carriers will replace some of its aged ships. The financial details of the shipbuilding contract and delivery schedule for the newbuildings were not disclosed. With the latest order from Polaris HHI's orderbook that was valued at $3.8bn in the first five months of 2017 will enlarge further.
Preferred Bidder for Durban Cruise Terminal Named
The plan to position Durban as a world-class cruise capital took a step forward with the announcement of the preferred bidder for the Durban Cruise Terminal – KwaZulu Cruise Terminal Pty Ltd (KCT) – a Joint Venture between MSC Cruises SA (a subsidiary of MSC Mediterranean Shipping Company SA) and Africa Armada Consortium (a black empowerment partner). The bidder will be responsible for the design, financing, construction, operation, maintenance and transfer of a Cruise Terminal Facility for a 25-year concession period in the Port of Durban.
First Ocean Vessel of 2017 Arrives at Port of Indiana
The first ocean vessel of the year arrived at the Port of Indiana-Burns Harbor marking the official opening of the international shipping season. Port officials welcomed the 413-foot general cargo carrier BBC Mont Blanc and presented the captain with the Ports of Indiana Steel Stein. "The arrival of the first ocean ship of the new year is an exciting time not only for our port, but also for our port companies and numerous other regional businesses that rely on the cargoes these vessels carry," said Port Director Ian Hirt. "For northwest Indiana, the opening of the St.
Work Begins on Virginia International Gateway Expansion
Work is underway at Virginia International Gateway (VIG) on a $320 million expansion project that will nearly double the terminal’s annual cargo handling capability. The project is the first of two large-scale expansion projects that, when complete, will increase the port’s overall annual container capacity by 40 percent, or 1 million container units, by 2020. “This is an important day in the history of The Port of Virginia; it is an important milestone in our effort to increase sustainability and to prepare this port for what is to come,” said John F.
NORDEN, Pinnacle Ink Wood Pellets Transport Deal
Dampskibsselskabet NORDEN A/S has entered into a 9-year contract for the transportation of wood pellets with Canada’s largest manufacturer of wood pellets, Pinnacle Renewable Energy Inc. According to the contract, NORDEN will transport a total of 3.5 million tons of wood pellets from 2018 from Vancouver and Prince Rupert in Western Canada to Europe. The transports will be carried out on Supramax vessels, of which NORDEN is one of the world’s largest operators. There will be 8 trips a year, and each trip is expected to take 65 days.
US Navy Tests Latest Aegis Weapon System
The U.S. Navy conducted a series of cooperative air defense test exercises with the Spanish navy that culminated in live missile firing events using the latest Aegis Weapon System baseline July 20-21. The event was not only the first interoperability test of the latest Aegis Baseline 9.C1 with a foreign ship, but also the first combined Combat Systems Ship Qualification Trial with that country's navy since 2007. Guided-missile destroyer USS Arleigh Burke (DDG 51) and Spanish frigate Cristobol Colon (F 105) participated in the testing.
Emissions Levy Can Cut Ship NOx Emissions by 70% -Study
A levy on nitrogen oxides (NOx) emissions with revenues earmarked to fund the uptake of NOx abatement measures is believed to be the most promising tool to reduce these ship emissions by up to 70 percent, as revealed by a new study by environmental consultancy IVL and CE Delft. The study, commissioned by Transport & Environment (T&E), identifies the policy options available at the EU level to regulate ship NOx emissions in the EU seas and compares them with the measures to be taken under the International Maritime Organization (IMO).