Shipping

  • Container ships drive 119% jump in total new...

    Total orders of dry bulk, tanker and container ships in the first five months of the year have jumped 119.7% compared with the same period in 2020, primarily driven by record high container ship contracting, as investors in this segment find themselves flush with cash.

     

  • USS Ford prepares for shock trials

    The first-in-class carrier USS Gerald R. Ford is ramping up towards a series of shock trials designed to test her systems for resilience and survivability in combat. The U.S. Navy carries out the dramatic experiments - typically conducted as a set of three explosive "shots" of increasing intensity and proximity - for each new class of surface combatants. 

     

  • Hapag-Lloyd further expands its container fleet:...

    The sharp increase in demand has led to a shortage of containers across the world. Severe imbalances – such as with exports from Asia, but also owing to congestion in ports and delays in hinterland transports – are causing containers to be tied up in transit for considerably longer periods of time. More boxes are currently needed overall to manage the same transport volume.

     

  • Tufton inks deal with Anemoi for installation of...

    TR Lady Shipping Ltd, a portfolio company of Tufton Investment Management Ltd (“Tufton”), has inked a commercial agreement with Anemoi Marine Technologies Ltd – a global leader in wind assisted propulsion for commercial vessels – to supply and fit the bulk carrier TR Lady with three large Rotor Sails and Anemoi’s patented Rail Deployment System. The Rail Deployment System allows the Rotor Sails to be moved across the deck to minimise impact on port operations.

     

  • Hapag-Lloyd intensifies competition in East...

    East Africa is set to witness increase in competition among shipping lines following the entry of German’s Hapag-Lloyd into the region. Hapag-Lloyd container cargo MV Northern Valence made a maiden call at the port of Mombasa on Saturday before proceeding to the port of Dar es Salaam, the two ports the company intends to serve with its new East Africa Service 3 (EAS3).

     

  • Cruise global majors at Posidonia Sea Tourism...

    Europe’s biggest cruise companies have already deployed 18 vessels in the East Med and other European destinations and plan to ramp up their operations with 28 ships in June and 50 in July, before reaching this summer’s maximum target of 60 operational cruise ships in August.

     

  • Biden Signs Act to Restart Alaska Cruises from...

    President Joe Biden signed into law the Alaska Tourism Restoration Act to permit foreign-flagged cruise ships to operate cruises to Alaska in 2021. Promoted as an important part of Alaska’s recovery from the pandemic and part of the state’s efforts to rebuild its tourism industry, the act is also the first modern waiver of U.S. cabotage laws for the cruise industry.

     

  • European river cruising schedule return to service

    In another sign of recovery for the cruise industry, European river cruising is scheduled to resume operations in July 2021. With international travel restricted, only a limited number of river cruises had operated in Germany during the summer of 2020 but were suspended when travel restrictions were increased with the second wave of the coronavirus and the normal winter hiatus. 

     

  • New Trailer Bridge International launches...

    Trailer Bridge Inc., the award-winning leader in North American freight transportation, yesterday introduced Trailer Bridge International, Inc., its all new global shipping service providing customers around the world the most comprehensive logistics solution from a single-source provider. Through its Non-Vessel Operating Common Carrier (NVOCC) and Freight Forwarder license, along with access to the company’s existing fleet of marine and over the road assets, the company will offer efficient end-to-end logistics solutions for domestic and transnational shipments paired with Trailer Bridge’s well-known customer service.

     

  • BIMCO supports new IMO water level alarms for...

    The Maritime Safety Committee (MSC 103) meeting of the International Maritime Organization (IMO) was held remotely from 5 to 14 May. A very comprehensive list of issues were discussed at the meeting, one of which was new requirements for water level detectors on non-bulk cargo ships. The new requirement was up for adoption.

     

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China christens its first luxury cruise ship

China recently christened its first luxury cruise ship, which will operate for the domestic cruise market. While China has begun to develop its domestic cruise industry acquiring older secondhand tonnage and converted ferries, the new joint venture between China Merchants Shekou and Viking Cruises is designed to bring a new level of luxury to the domestic market.

 
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Carnival Corporation Sells and Reassigns Cruise Ships

Carnival Corporation has sold its nineteenth cruise ship as the world’s largest cruise company works to implement its recovery from the pandemic-related pause in operations. The corporation expects to have just over half its cruise ships back in operations by November 2021 while also announcing plans to redeploy ships after the accelerated disposals in 2020.

 
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India: Short sea container shipping service ready for launch

The short sea container shipping service between the Vallarpadam container terminal and the Beypore port will begin on June 24. Carrying coastal and export-import (exim) transshipment containers, Motor Vessel Chowgule-8 owned by Round The Coast Private Limited will be the first to arrive in Beypore through Green Freight Corridor-2.

 
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BIMCO publishes new standalone Refund Guarantee for Shipbuilding Contracts

A buyer’s payment instalments are at risk under a shipbuilding contract until the shipyard delivers the ship. To safeguard against the risk of the shipyard defaulting or becoming insolvent it is common practice to cover this risk with a refund guarantee issued by a bank. BIMCO’s Documentary Committee has adopted a clearly worded standalone refund guarantee that will assist parties in their shipbuilding projects.

 
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Eight crew with COVID causes Royal Caribbean ship to delay sailing

The same week that Royal Caribbean International is marking its return to North American cruising, the company announced that it is also delaying the maiden voyage of its newest cruise ship for a month after crew members aboard the vessel tested positive for COVID-19. Eight crew members tested positive for the virus as part of routine testing aboard the 169,000 gross ton Odyssey of the Seas, which recently arrived in the United States.

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Maersk’s new Vancouver facility targets PNW supply chains

North American importers and exporters will gain more cross-dock transload capacity in their PNW supply chains during the 2021 peak season. Maersk and Canadian Pacific announced the construction of the new facility in September 2020 with ideal connectivity to the port of Vancouver via rail (or truck) directly into the warehouse.

 
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