CRUISES

Costa Firenze and Costa Venezia will join the Carnival fleet

“We are excited to see these iconic Costa ships make their debut in the US under the leadership and operation of our sister brand. Costa providing its beautiful ships with their Italian design and Carnival delivering FUN, Italian Style!” Mario Zanetti, President Costa Cruises said

In bid to reduce export backlogs

Biden signs ocean shipping bill

President Joe Biden on Thursday signed legislation to improve oversight of ocean shipping, which lawmakers say will help curb inflation and ease export backlogs. The bipartisan bill passed the U.S. House of Representatives on a 369-42 vote earlier this week

politics

Greece wants to keep open channel to Turkey

Erdogan has halted bilateral talks in a dispute over airspace violations and a perceived slight from Mitsotakis, whom he has accused of trying to block sales of F-16 fighter jets to Turkey when the Greek Prime Minister visited Washington in May

All 10 ships in operation

Silversea Cruises completese its full return to service

Silversea’s entire 10-ship fleet has now re-entered service. Since "Silver Moon" first set sail on June 18, 2021, Silversea has led the global restart of ultra-luxury cruising, successfully welcoming guests around the world

The agreement

IMO breaks deadlock on carbon pricing for shipping

Londra - The push to decarbonize the commercial shipping industry has achieved a major breakthrough after countries reached a consensus on carbon pricing of shipping emissions, a development that comes after more than 10 years of stalemate

War effects

Owners urged to fast-track job offers as wages rise

Crew shortages are driving up seafarer wages, according to Danica Crewing Specialist’s CEO Henrik Jensen who urges ship operators to be quick to offer jobs to seafarers who apply with them or risk losing out to a higher bidder

Muggiano shipyard

Fincantieri, second corvette to Qatar delivered

Trieste - The delivery of the corvette “Damsah”, the second of the Al Zubarah-class of four vessels ordered to Fincantieri by the Qatari Ministry of Defence within the national naval acquisition program, took place today at the Muggiano (La Spezia) shipyard

After the "Msc Seaside" case

Six drug smugglers arrested posing as cruise passengers

Santos - For the second time in weeks, Brazilian drug smugglers posing as cruise passengers were arrested while attempting to transport cocaine between Brazil and Europe. The latest group was intercepted boarding a cruise ship departing for a transatlantic cruise

Vegas, Macau and now Dubai

Global casinos raise bets on gambling in the Gulf

It's been the subject of quiet speculation among diplomats and executives for years, but now global casino bosses are setting their sights on a once improbable prize: gambling in the United Arab Emirates Ras Al Khaimah (RAK), one of the smaller and lesser-known of the seven emirates

After the Tecnavi operation

De Wave acquires FCR Finland

The Genoese group De Wave lands in Finland and announces the acquisition of FCR Finland. The company thus broadens its borders, focusing on the North European and Scandinavian shipbuilding market

security

Another P&O; ferry seized on disrupted Dover-Calais route

“I think certainly this weekend will be extremely busy on our roads, potentially at our ports, particularly at Dover, where P&O disgracefully sacked all their staff,” Britain’s Transport Secretary Grant Shapps told BBC Radio.

Starting from april

Timothy Cosulich: the new IBIA’ Chairman

The results of the 21st February 2022 Board of Directors election of the International Bunker Industry Association were announced. F.lli Cosulich CEO Timothy Cosulich has been elected as IBIA Chairman

Turnover towards 300 million in 2022 guidance

The Italian Sea Group doubled Ebidta in 2021

The Italian Sea Group (TISG), global operator in the luxury yachting industry with the brands Picchiotti, Admiral, Perini Navi, Tecnomar and NCA Refit, announces that the Board of Directors, during today’s meeting, has approved the preliminary consolidated results at December 31st 2021

Zero emissions of exhaust gasses

Brodosplit to build zero-emission passenger sailing ship

Split - Brodosplit shipyard symbolically marked the beginning of the consolidation and joining of sheets to produce sections of a zero-emission passenger ship with electric generator propulsion: "Electric sailing ship"

After company's default

Genting Hong Kong's unfinished "Global Dream" cruise ship attracts investors

Berlin - Billionaire Lim Kok Thay is among several investors interested in purchasing the "Global Dream" mega luxury liner that was under construction at Genting Hong Kong's now-insolvent shipbuilder, MV Werften in Germany. Several serious interested parties are in talks to buy the unfinished ship, said Mr Christoph Morgen, the German court-appointed provisional insolvency administrator for the shipbuilder

While it also flags ammonia FSRU concept

Mitsubishi to build liquefied CO2 carrier for CCUS

Japan’s Mitsubishi Shipbuilding is set to build a liquefied carbon dioxide (LCO2) carrier and is also studying an ammonia floating regasification and storage unit (FSRU) concept in a concerted bid to expand is energy transition portfolio

Analysis

Containership markets set records for secondhand sales and orders

London - With capacity remaining constrained and demand still at peak levels, the containership market continues to set new records. Both construction orders and sales of existing ships set new records in 2021 fueled by extraordinary profits for the major carriers

"Wonder of the Seas"

Royal Caribbean takes delivery of new world’s largest cruise ship

Royal Caribbean has taken delivery of the "Wonder of the Seas" from the Chantiers de l’Atlantique shipyard in France. At 236,857 gross registered tonnes (grt), the ship is biggest cruise ship ever built. It is the fifth installment in Royal Caribbean’s Oasis-class

Green transition

d’Amico-led biofuel trial confirms positive reduction in CO2 emissions

Rome - The joint industry project launched in June 2021 to test biofuel blend (B30) derived from renewable feedstock to power a d’Amico Group LR1 product tanker, showed positive findings in terms of the reduction of CO2 emissions, reduced carbon intensity, and stable NOx emissions

International controversies

KDB chief calls EU "selfish" for disapproval of HHI-DSME deal

Korea Development Bank (KDB) Chairman Lee Dong-gull criticized the European Union, Thursday, over its disapproval of Hyundai Heavy Industries’ (HHI) proposed acquisition of Daewoo Shipbuilding & Marine Engineering (DSME)

VesselsValue's report

704 vessels were sold for scrap in 2021

London - 2021 saw significant trends and changes in the shipping industry with record breaking container demand, surging steel prices, and the threat of returning lockdowns as new Covid-19 variants emerged. READ FULL REPORT

With Germany's Thyssenkrupp

Israel signs $3.4 bln submarines deal

Germany's Thyssenkrupp Marine Systems will build three advanced submarines for the Israeli Navy in a deal worth three billion euros ($3.4 billion), the Israeli Defense Ministry said on Thursday. The parties also signed an industrial strategic cooperation agreement that amounts to more than 850 million euros, the ministry said."

After first filing for bankruptcy in Germany

Cruise operator Genting Hong Kong asks Court of Bermuda to wind up company

Hong Kong - After first filing for bankruptcy for its cruise shipyards in Germany - MV Werften and Lloyd Werft - Genting Hong Kong has also asked the Supreme Court of Bermuda to wind up the parent company and put it in the hands of liquidators. In a statement, the company says it will run out of cash by the end of January at the latest

Fincantieri

“Viking Neptune” floated out in Ancona

Ancona – “Viking Neptune ”, the newest ocean cruise ship which Fincantieri is building for the shipowner Viking, has been floated out at the shipyard in Ancona . The unit will be placed in the small cruise ship segment. As its sister ships, she is about 47,800 tons, 465 cabins with accommodation for 930 passengers

As funding dries up

Genting Hong Kong looks to liquidation

Hong Kong - Troubled cruise operator Genting Hong Kong warned it may seek court assistance to safeguard its assets, after failing to secure funding to help it stay afloat following the insolvency of its German shipbuilding subsidiary, Bloomberg reports

After EU veto

DSME in search for new owner as tie-up with Hyundai Heavy fails

Seoul - Daewoo Shipbuilding & Marine Engineering is in search of a new owner again after a merger plan with its larger rival Hyundai Heavy Industries failed due to an EU veto on monopoly concerns. The European Commission announced Thursday its prohibition for the merger

Value: $43 million

DIS inks first sustainability-linked loan

Rome - DIS, or d'Amico International Shipping, a marine transportation company, has signed a contract for its first sustainability-linked loan as part of the refinancing of all debt maturing in 2022. Specifically, the company’s subsidiary d’Amico Tankers signed a $43 million five-year term loan facility with ABN Amro Bank to refinance the bank loans maturing in 2022 on "MT Cielo di Ulsan", "MT Cielo di Hanoi" and "MT Cielo di Gaeta"

New record

Big Three Korean shipbuilders win largest orders in eight years

Seoul - South Korea's three major shipbuilders in 2021 have received their largest amount of orders in eight years, surpassing their targets by 45%, according to the industry sources on Dec. 31. The Big Three bagged a combined $45.9 billion worth of orders this year

At world's biggest gambling hub

Macau casinos to stop junkets

Hong Kong - Macau's gaming regulator has ordered junket operators in the world's largest gambling hub to stop offering credit to customers, according to brokerage firm Bernstein. Macau's Gaming Inspection and Co-ordination Bureau (DICJ) has ordered the operators, who bring big-spending clients from mainland China to VIP rooms in Macau casinos, often with loans to gamble with, to stop offering credit

For next year

Croatia's tourism sector short of one-third of workforce

Zagreb - Croatia's tourist facilities face a shortage of up to one-third of their workforce next year, head of the national association of biggest tourist firms Veljko Ostojic said on Friday. Croatia's tourist industry, largely focused on the summer months on the popular Adriatic coast, accounts to almost 20% of the country's gross domestic product (GDP) and many seasonal workers can earn more in other countries

Analysis

Dry bulk market looking for a clear direction

Athens - The dry bulk market is looking for a steady course of late, as volatility seems to have established itself as the main trend. In its latest weekly report, shipbroker Allied Shipbroking said that “it is rather difficult to describe the current situation in the dry bulk sector, given the disarray that has been noted in the freight market during the past few weeks or so

Amid expansion plans

Qatar orders six LNG ships from Korean shipyards

Doha - QatarEnergy has ordered six LNG ships from two South Korean shipyards, the first batch under a 2020 agreement, as the Gulf state seeks to meet requirements for its North Field expansion plans

Genoa

Superyachts' S&P, SCS presents Villa Yachting

Genoa - SCS Yachting, the Genoese shipping agency headed by two sisters Michela and Carolina Villa, respectively broker and maritime agent, presents Villa Yachting, the new division for the purchase and sale of superyachts at international level. The brand was launched in Genoa during the occasion of Shipping Week

ships visited for you

Viking Venus, technical data and performances

The Viking units are all built according to the latest navigation regulations and equipped with the most modern safety systems, including the “safe return to port”

cruises

Life on board the MSC Yacht Club, between luxury and discretion

The Yacht Club is a real ship within a ship. Concierge available 24 hours a day, private butler, possibility to have lunch and dinner by choosing the time, priority access to theater shows, but also restaurants, elevators and private bars, as well as swimming pools and Jacuzzis.

New headquarter in Casablanca

Hapag-Lloyd brings competition to bustling Moroccan port

Tanger - The German Shipping line Hapag-Lloyd has announced it will set up a permanent base of operation in Morocco in a move to expand its global network. With additional personnel and new offices in the country, the company hopes to realize its growth ambitions

Innovation

Daewoo Shipbuilding develops carbon dioxide storage technology

Seoul - Daewoo Shipbuilding & Marine Engineering Co. (DSME) said Thursday it has developed a technology to store carbon dioxide captured in ship engine emissions. The technology developed in cooperation with a local ship part supplier will help ships to reduce their carbon dioxide emissions

Iran

"Renovation of shipping fleet a necessity for Iranian maritime trade"

Tehran - The Secretary of the Iranian Merchant Mariners Syndicate (IMMS) Saman Rezaei has said buying new ships and the renovation of the country’s existing maritime fleet is an important necessity for developing the maritime trade. “Older ships have higher depreciation and maintenance costs and lower safety” the portal of the Ports and Maritime Organization (PMO) quoted Rezaei as saying.

Bangladesh

Chittagong gets marine technology institute for first time

Chittagong - The Institute of Marine Technology (IMT) is going to be established in Chittagong for the first time here to develop skilled manpower for the shipbuilding industry. All are set to construct IMT on the bank of Karnafuli River, adjacent to Kalpalok residential area at Bakalia police station in the city. Land acquisition has already been completed in this regard

coronavirus

The invisible seafarers of Covid for revival of the economy

The current risk is that the situation could deteriorate again, with the increasing spread of the variants of Covid-19. The seafarers are raising the white flag, they are legitimately exhausted, in these conditions many refuse to board and many are seeking alternative employment

shipowners

Ever Given container ship leaves Egyptian waters

The ship was released on July 7 after protracted negotiations and an undisclosed settlement was reached between the Suez Canal Authority (SCA) and the Ever Given's owners and insurers.