Shipping

  • Carnival Expects Three-Quarters of Capacity to...

    Sixteen months after the cruise industry paused operations, the largest cruise corporation, Carnival Corporation, now reports that it hopes to have as much as three-quarters of fleet capacity in operation by the end of 2021. Five of the company’s brands are currently sailing, with it expected to expand to eight brands in the coming days and weeks. Operations in Asia and Australia however remain suspended with no target dates to resume sailing.

     

  • Planning Process Under Way for Refloating...

    U.S. Coast Guard-led unified command continued to work on a way to safely refloat the grounded river cruise boat American Jazz from a shoal in Lake Barkley, a reservoir on the Cumberland River.

     

  • Royal Caribbean cruise ship assists Florida...

    The cruise ship Explorer of the Seas is the latest member of the team assisting in the efforts underway in Florida after a residential high-rise tower collapse. Owners of the cruise ship, Royal Caribbean International, announced that the ship which is currently idled due to the pandemic would provide temporary housing for some of the hundreds of the search and rescue team members working in the town of Surfside, in northern Miami-Dade Country at the site of the collapsed condominium building.

     

  • Enhancing waterfront tourism in Egypt by boat...

    In line with Egypt’s Vision 2030, which focuses on enhancing the economic capabilities through innovation and development, as well as improving the quality of locally produced products, Dolphin Speed Boats announced its support for the waterfront tourism sector in Egypt, which is one of the most important sustainable sectors for the growth and prosperity of the Egyptian economy throughout the year, especially with the Egyptian coasts having beaches suitable for swimming and sailing throughout the year.

     

  • Hapag-Lloyd stops shipping Bangladesh-bound...

    Hapag-Lloyd, one of the world’s biggest container shipping companies, has suspended carrying fresh Bangladesh-bound cargoes from Singapore port, which may worsen the ongoing container crisis in Chattogram port.

     

  • Tomini Shipping welcomes new board members

    Tomini Shipping a leading ship owner and operator, is pleased to announce the appointment of two new board members Tejas Shah, CFO who will replace Nitin Mehta who resigned his position in June 2021 and Adam Shaikh, Head of Sale and Purchase, who is a fourth generation member of the Shaikh family.

     

  • New delay for Korea’s mega shipyard merger raises...

    Faced with its latest deadline to proceed with the proposed acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), Hyundai Heavy Industries announced in a regulatory filing today that it has further extended its agreement with the Korea Development Bank, DSME's largest shareholder. The fourth extension of the deadlines comes as the companies continue to wait for regulatory approval, but increasingly there are questions if the merger will be completed.

     

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Fincantieri delivers third cruise ship in July as profits rebound

Fincantieri is continuing its strong rebound after the devastating effects of the COVID-19 pandemic in 2020 and the extended shutdowns across parts of Italy that impacted operations. The shipbuilder announced a return to profitability and an improving outlook as it also delivered the third new cruise completed in July after delivering seven ships from six shipyards in the first half of 2021.

 
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Meyer Werft wins order to build residential yacht cruise ship

Meyer Werft and Ocean Residents Development Ltd. confirmed that a contract has been signed, subject to financing, for the construction of a new resident yacht cruise ship. It represents only the second order for a new cruise ship since the beginning of the pandemic and is an important win for Meyer Werft which is looking to increase utilization for the yard in Papenberg, Germany in 2024 and 2025.

 
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UK Reduces Travel Restrictions Permitting International Cruises

In the next phase of the COVID-19 regiments, the UK government announced that it is going to again permit some international travel, including cruises, as well as reducing the restrictions to enter England for individuals that have received vaccinations under approved programs in Europe and the US. The announcement is seen as a boost both to the struggling cruise industry and will provide added revenues to English ports.

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Container crisis, high freight charges hit exports from Kolkata

A shortage of containers and increased freight charges are adversely affecting exports from Kolkata causing apprehensions of huge financial and business loss, exporters said on Tuesday. The crisis of vessel space and containers is nationwide but the situation is worse in Kolkata, they said. “Availability of containers is less than half of the demand causing disruptions in exports and delivery schedule has gone haywire. Predictability of availability of container and freight rates is not there anymore. Freight rates have jumped 2-3 times of the pre-Covid levels,” Federation of Indian Export Organisations(FIEO) chairman-east, Sushil Patwari told PTI. Freight charges have skyrocketed and freight forwarders to the West Coast are also declining to book cargo due to severe scarcity of containers, exporters said.

 
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