Category archives for: Top Stories

Port of Hamburg Responds to Recent Bad Press

Port of Hamburg Responds to Recent Bad Press

The online market survey implemented by an unnamed German trade paper for transport and logistics reported that 84 percent of respondents stated that they were already routing imports and exports in container traffic via other ports due to handling problems.   The newspaper presented the findings of its online market survey of customers of the Port of […]

Hundreds Stranded off Nahant, Massachusetts

Hundreds Stranded off Nahant, Massachusetts

Coast Guard crews are assisting a disabled passenger vessel approximately 13 miles east of Nahant, Massachusetts.   Watchstanders at Coast Guard Sector Boston received notification at approximately 4:30 p.m., that the 83-foot passenger vessel Cetacea had a line entangled in its propeller and was disabled with 163 people aboard. The Coast Guard Cutter Tybee, Coast […]

First Ever CNG Carrier to Be Classed by ABS

First Ever CNG Carrier to Be Classed by ABS

ABS, a provider of global marine classification services, has been chosen to class the world’s first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia’s state-owned power company Perusahaan Listrik Negara (PT PLN).   The precedent-setting ship is to be built at Qingdao Wuchuan Heavy Industry’s shipyard in northern China. “As society’s […]

USNS Richard E. Byrd Saves Nine in Gulf of Oman

USNS Richard E. Byrd Saves Nine in Gulf of Oman

USNS Richard E. Byrd (T-AKE 4), a Lewis and Clark-class dry cargo ship, rescued nine crew members from a Yemeni-flagged cargo vessel that had lost power, was taking on water and was adrift in the Gulf of Oman, on July 28, at approximately 9:00 a.m. local time.   The crew from Asaed requested assistance and […]

Costa Concordia Changes Hands

Costa Concordia Changes Hands

The notarial deed establishing the transfer of ownership of the Concordia from Costa Crociere to the Saipem/San Giorgio del Porto consortium was signed on Sunday, July 27, at 3.40 pm.   The deed rules that the sale is carried out for the specific purpose of demolishing and recycling the wreck as agreed and in accordance with […]

Hamburg Süd Takes Over CCNI’s Liner Operations

Hamburg Süd Takes Over CCNI’s Liner Operations

Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany, and Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile have signed a preliminary agreement by which HSDG will acquire the container liner activities of CCNI.   This acquisition, reportedly worth around USD 160 million, is scheduled to be executed by the latest […]

Atlantic Panamax Freight Rates on the Rise

Atlantic Panamax Freight Rates on the Rise

An improved sentiment prevails in trans-Atlantic Panamax freight rates as demand tightens for tonnage capacity.   Several routes saw freight rise, according to Platts’ data, those being Virginia-Rotterdam coal route (improved to $9.25/mt on Friday, up from $9/mt), Alabama-Rotterdam coal route,  also increased and was assessed at $12.75/mt, up from $12.5/mt, Baltic-UK Continent runs with […]

USCG Medevacs Passenger from Carnival Fantasy

USCG Medevacs Passenger from Carnival Fantasy

A crew aboard a United States Coast Guard rescue helicopter medically evacuated a passenger Thursday night from the cruise ship Carnival Fantasy, approximately 40 miles east of Charleston.   Watchstanders in the Coast Guard Sector Charleston command center were notified via satellite phone call of the situation at approximately 8 p.m. The report stated a […]

Extra Tonnage in Demand

Extra Tonnage in Demand

Extra tonnage seems to be in demand pulling containerships from their idleness and bringing the idle fleet levels to a record low this week.   According to the latest figures from Lloyd’s List Intelligence,  the capacity of the inactive box fleet decreased to 216,396 teu this week, compared with 238,679 teu a week ago. In terms […]

Ardmore Secures Cash for Its Fleet Additions

Ardmore Secures Cash for Its Fleet Additions

Chemical tanker operator Ardmore Shipping Corporation announced that it has signed agreements to upsize its existing senior loan facility with ABN AMRO Bank N.V., Nordea Bank Finland Plc, and Skandinaviska Enskilda Banken AB.   The total amount available under the facility has been increased by $53 million to $225 million. The proceeds from the expanded […]

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