Category archives for: Americas

Fleet Clear-Out at Frontline

Fleet Clear-Out at Frontline

Frontline Ltd. has agreed with Ship Finance International Limited to terminate the long term charter parties for the 1999 built VLCCs Front Opalia, Front Comanche and Front Commerce. Ship Finance has simultaneously sold the vessels to unrelated third parties.   The charter parties are expected to terminate in the fourth quarter of 2014. The decision […]

Van Ord Boasts Order Intake

Van Ord Boasts Order Intake

Van Oord has won two orders in Brazil and the Bahamas, worth a combined worth EUR 100 million ( USD 134.6 million).   The activities involve dredging work for the construction of a new shipyard in Aracruz, Brazil. The client is Estaleiro Jurong Aracruz (EJA), a Brazilian subsidiary of Sembcorp Marine’s Jurong Shipyard from Singapore. […]

Cargo Cruises aboard Giants of the Seas

Cargo Cruises aboard Giants of the Seas

CMA CGM Group is now offering genuine cruises aboard its biggest vessels, the new 16,020 TEUs container ships, such as the Marco Polo or the Alexander von Humboldt.   These giants of the seas (365 meters long, which is equivalent to more than 4 soccer fields), are among the largest vessels of their kind in the […]

Nordbank’s Survey Projects Good Shipping Tides

Nordbank’s Survey Projects Good Shipping Tides

German lender HSH Nordbank has carried out a survey titled “Shipping companies 2014 – Fit for the future?” which shows that the confidence among shipping companies in the industry continues to grow in 2014, as a clear majority of companies expect increased turnover and more than 40 per cent expect higher profits in comparison to […]

GE, LR Targeting Customers for Their Gas Turbine Systems

GE, LR Targeting Customers for Their Gas Turbine Systems

GE Marine and Lloyd’s Register have signed a Memorandum of Understanding (MOU) to identify potential gas turbine-powered commercial ship projects.   “Through the MOU we will identify target segments and commercial customers for our highly-efficient marine gas turbine systems,” said Brien Bolsinger, Vice President, Marine Operations, GE Marine, Evendale, Ohio. “GE already has an established […]

Grounded Amakusa Island Bound for Repair

Grounded Amakusa Island Bound for Repair

Amakusa Island The bulk carrier Amakusa Island, which has been at anchor since it was re-floated following a grounding on Monday, July 14th in Prince Rupert’s outer harbour, headed yesterday to Prince Rupert’s inner harbour for repairs, Prince Rupert Port Authority,  said.   The 228-metre vessel berthed at Northland Cruise Terminal at approximately midday. The […]

Additional Container Weighing Legislation Adds to the Burden

Additional Container Weighing Legislation Adds to the Burden

  Additional legislation will not have any significant effect on container safety in transport overseas, the European Shippers’ Council (ESC) said with respect to the issue of the proposed weighing of containers.   The proposition comes as ever growing number of shipping accidents are caused by overweight containers, incorrect declarations of the loaded container weights, […]

US Coast Guard Reports Multi-Million Drug Bust

US Coast Guard Reports Multi-Million Drug Bust

The US Coast Guard seized more than 3,500 pounds of marijuana with an estimated wholesale value of USD3.5 million, and detained five suspected smugglers during a drug interdiction in the Caribbean Sea, southwest of Cabo Rojo, Puerto Rico.   While on patrol July 8, the Coast Guard Cutter Northland,  a 270-foot medium endurance cutter, detected […]

Demand for Ultra-Large Vessels Changes Course

Demand for Ultra-Large Vessels Changes Course

Demand for newbuild containerships has dwindled during the month of June, as European traffic demand began to increase, heralding a changing course in the industry.   The slowdown in growth of the orderbook, particularly amongst ultra-large vessels, marks a positive sign that improving demand could catch-up with the projected vessel supply by 2016, said Irish […]

Chinese Export Boom Beneficial to Shipping

Chinese Export Boom Beneficial to Shipping

Strong Chinese exports for the month of June triggered an increase in shipping and port operations worldwide.   Irish Maritime Development Office (IMDO) reports that the analysts expect favourable export tides to flow over to the second half of 2014, with some analysts projecting a double-digit improvements year-on-year. The latest customs data reveal that the […]

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