In Italy

Venice cruise ship ban passed

Rome - The Italian Lower House on Wednesday gave definitive approval to a decree banning cruise ships from mooring in Venice. The decree was passed by 370 votes to 16 with 29 abstentions. Cruise ships have been stopped from landing in the centre of Venice

"Marco Polo"

CMA CGM vessel will set seven records on Atlantic seaboard

Marseille - For the second time in less than a year, a containership operated by CMA CGM will set size records as the largest boxship to call at ports along the Atlantic Seaboard. The 16,022 TEU CMA CGM "Marco Polo" will set a total of seven North American big ship records in 11 days. The 1,300-foot long boxship is currently crossing the Atlantic due to make its first North American call in Halifax on May 17

Amid pandemic

Spectre of another lost tourism season haunts emerging markets

London - Fresh outbreaks of COVID-19 and travel curbs are deterring tourists from flocking back to Thailand's beaches and Turkey's bazaars, stalling a recovery in tourism, a crucial source of foreign currency and a large employer for many emerging markets. Global tourism suffered its worst year ever in 2020

No forecast for 2021

ONE profits soar to US$3.5b from $105m in 2019

Tokyo - Japanese container line headquartered in Singapore ONE has reported a US$3.5 billion profit for 2020 - an astonishing leap from the $105 million profit declared for 2019. The earnings surge came on the back of a 21 per cent increase in annual revenue

After Q1 results

Maersk expects tailwind to last amid high demand for containers

Copenhagen - Denmark's Maersk said on Wednesday it expected its "exceptionally strong" performance in the first quarter to continue for the rest of the year, driven by high demand for shipping containers from China to the United States. Maersk, which handles about one in five containers shipped worldwide, said there were not enough ships available in the world to meet a surge in consumer demand

First ship on schedule: "MSC Seaside"

Global Ports Holding awarded Taranto cruise port

Taranto - Global Ports Holding, the largest independent terminal operator cruises globally, is now the new concessionaire for traffic support and support services port cruises of Taranto. The international holding will act through the subsidiaries Port Operation Holding and Global Ports Melita. Taranto Cruise Port will have in concession, for the next 20 years, a part of the maritime state-owned areas and assets located on the San Cataldo pier

The Japanese company

”K” Line enters offshore wind market

Tokyo - Japanese shipping company Kawasaki Kisen Kaisha ("K" Line), and its domestic subsidiary Kawasaki Kinkai Kisen Kaisha have agreed to establish a joint venture company to provide services within the offshore wind industry. The new joint venture company, “K” Line Wind Service, will provide offshore support vessels and marine-related services to the industry

As COVID crisis dampens demand

LNG cargoes diverted from India

Singpore - Liquefied natural gas (LNG) cargoes are being diverted away from ports in India as surging coronavirus cases there hamper domestic gas demand, trade and shipping sources said on Monday. Six LNG tankers diverted away from India since April 20

markets

China a big buyer of new French wheat crop, traders say

Some sources estimated the volume at 500,000 to 600,000 tonnes, or up to around 10 large panamax vessels, mainly for August. Others pegged total sales higher, at around 1 million tonnes, suggesting France could load up to about 15 panamaxes this summer

markets

Iron ore and China steel output aren’t sticking to the script

The high price of iron ore, as well as strength in China’s domestic steel prices and profit margins for mills, has prompted some official concern. Beijing’s industry ministry went so far as to say on April 20 that it would take steps to stabilize raw material prices.

defence minister

Israel pledges to work with U.S. on Iran

"Our bilateral relationship with Israel in particular is central to regional stability and security in the Middle East. During our meeting I reaffirmed to Minister Gantz our commitment to Israel is enduring and it is ironclad," Austin said

Egypt

Suez Canal may expand southern channel, chairman says

The 400-metre-long (1,310 ft) Ever Given became grounded diagonally across the southern section of the canal during high winds on March 23. It remained stuck for six days, preventing hundreds of ships from passing and significantly impacting global trade flows.

Maritime news

Iran says its ship Saviz was attacked in Red Sea

"The explosion occurred on Tuesday morning near the Djibouti coast and caused minor damage with no casualties. The vessel was a civilian ship stationed there to secure the region against pirates," Foreign Ministry spokesman Saeed Khatibzadeh said.

Egypt

Suez Canal shipping backlog ends, days after giant vessel freed

International supply chains were thrown into disarray when the 400-metre-long (430-yard) Ever Given ran aground in the canal on March 23, with specialist rescue teams taking almost a week to free her after extensive dredging and repeated tugging operations.

Markets

Suez Canal steps up efforts to remove blockage, shipping rates surge

The Dutch rescue team had confirmed that two additional tugs would arrive on March 28 to help dislodge the ship after an attempt to re-float it on Friday failed, BSM said. "There have been no reports of pollution or cargo damage and initial investigations rule out any mechanical or engine failure as a cause of the grounding,“ a BSM statement said.

Egypt

Container ship runs aground in Suez Canal, blocks traffic

Any delays can have a knock-on effect for both LNG and European gas prices. There were also more than 13 container ships anchored around Suez with at least two others waiting in the Mediterranean, Refinitiv ship tracking data showed.

Markets

Crude exports rise again as Saudi Arabia draws on inventories

The kingdom exported 6.582 million b/d in January, according to JODI data released March 18, an increase of 87,000 b/d from December. It was the seventh straight month that shipments have risen since a historic low of 4.98 million b/d in June when stringent OPEC+ production cuts were in effect.

Fincantieri Group

Vard delivers "Coral Geographer"

Trieste - Fincantieri subsidiary Vard, one of the major global shipbuilders of specialized vessels, has delivered the second expedition cruise vessel, “Coral Geographer” to the Australian company Coral Expeditions. “Coral Geographer” has been specially tailored for personalized expedition cruises to remote and exotic destinations in Asia and Oceania

markets

ClassNK releases Guidelines for ROV/AUV

Although the utilization of ROVs and AUVs is increasing worldwide, no international standardization of such technologies has yet been implemented, and the utilization of ROVs and AUVs has, for the most part, been limited to certain fields.

Markets

Libyan freight premiums subside amid consistent output

Tanker owners in the Mediterranean basin welcomed the comeback of exports from Libya after the eight-month blockade. “The comeback of Libya was a relief for the oil tanker market amid production cuts and low demand from end users,” a broker said

poll

Oil set for steady gains as economies shake off pandemic blues

Of the 41 respondents who participated in both the February and January polls, 32 raised their forecasts. Most analysts said the Organization of Petroleum Exporting Countries and allies (OPEC+) may ease current output curbs when they meet on March 4, but would still agree to maintain supply discipline.

The partnership

Fincantieri and the Italian Shipping Academy to train together officers on cybersecurity

Trieste - Fincantieri, through its subsidiary E-phors, specialized in providing cybersecurity services and products, has recently provided a pivotal training course in partnership with the Italian Shipping Academy, aimed at introducing deck officers to the basics of cybersecurity. The three-day training course is part of the Academy’s project – funded by the European Commission “Common Maritime Education Standards in the West Mediterranean”

Fincantieri

Vard Marine wins design contract for new Chilean Navy ship

Trieste - Chile’s ASMAR Shipbuilding & Ship Repair Company has awarded Vancouver, B.C., based Vard Marine (wholly owned by Vard AS, Fincantieri Group) a new contract for the design of an Amphibious and Military Sea Transport Ship for the Chilean Navy’s Escotillón IV Program. The multi-role vessels will be constructed at the ASMAR shipyard in Talcahuano, Chile

Trade and shipping

After Brexit, Ireland and France cut out the middleman

Stena Line, the largest Irish Sea operator, has doubled its services on the booming Rosslare-Cherbourg route, temporarily cancelling some sailings to Britain after freight volumes fell 60% in the first half of January.

Security

Why are pirates attacking ships in the Gulf of Guinea?

The pirates come from Nigeria's turbulent Niger Delta, experts say. The region produces the bulk of the nation's petroleum, but is woefully underdeveloped, scarred by pollution and has some of the highest unemployment in the country.

International

Indonesia's coast guard seizes Iranian and Panamanian tankers

"The tankers, first detected at 5:30 a.m. local time (2130 GMT on Jan. 23) concealed their identity by not showing their national flags, turning of automatic identification systems and did not respond to a radio call," the statement said.

By Fincantieri

First U.S. built Great Lakes bulker since 1983 floated out

Trieste - The first U.S. flagged Great Lakes bulk carrier to be built on the Great Lakes in nearly four decades marked a key point in its construction with its recent float out from the graving dock. Being built for The Interlake Steamship Company at the Fincantieri Bay Shipbuilding yard in Wisconsin, the vessel which is named the Mark W. Barker is the first Great Lakes bulk carrier built domestically since 1983

New tender

Rijeka port to restart procedure for container terminal

Rijeka - Croatia's Rijeka port will restart the procedure for selecting a concessionaire to develop and run the Zagreb Deep Sea container terminal. The board of directors of the Rijeka port has decided to cancel the current selection process and launch a new tender. In September, Luka Rijeka extended the procedure for selecting a concessionaire for the terminal until the end of the year due to the coronavirus pandemic

Fincantieri

Vard secures contract for eight marine robotic vessels

Trieste - Fincantieri subsidiary VARD has signed a contract for the design and construction of eight robotic vessels for maritime operations worldwide for Ocean Infinity. In partnership with the client, VARD has developed the VARD 9 60 design

Covid

Maersk confident about recovery beyond 2020

Shipping group Maersk said on Wednesday it is confident about the outlook for shipping beyond 2020 as a second wave of coronavirus infections has only had a limited impact on global freight volumes

Mangiarotti (MedCruise)

"Mediterranean needs a single health protocol" / INTERVIEW

Cagliari - Valeria Mangiarotti, lawyer, has recently been vice-president of MedCruise, the association that brings together the cruise ports of the Mediterranean, under the new mandate of Aris Batsoulis. Not entirely a new entry, that of Mangiarotti, who had already held this position in the past. COVID 19  and environment in her agenda

Fight against the virus

Fincantieri intalls air sanitation system on MSC ships

Trieste - Fincantieri, in close cooperation with the virology lab of the International Center for Genetic Engineering and Biotechnology, ICGEB, has developed an innovative next-generation air sanitation system called "Safe Air", which will further significantly improve the quality and cleanliness of the air on board cruise ships

More than $ 50 billion loss

UN agencies support resumption of cruise ship operations

London - The International Maritime Organization (IMO) and the World Tourism Organization (UNWTO) have expressed their support for the safe resumption of cruise ship operations following the COVID-19 pandemic. In a joint statement, the organizations also encouraged their member states and relevant national and local authorities to designate all seafarers and marine personnel within their jurisdictions as key workers

Arctic route

A $300 million order for ABB

ABB has secured a $ 300 million order from Daewoo Shipbuilding & Marine Engineering Co. to supply propulsion and power generation systems for six new vessels that will be used for the transport of liquefied natural gas 

Regulation

Pleasure craft rental: an unsolved problem / FOCUS

All the details on the new cabin charter, the new VAT regime, proof of actual navigation outside the EU and the portion of the fee that is not subject to tax. By ASLA - Associazione degli Studi Legali Associati

With Costa Cruises

The era of eco fuel for ships begins also in Italy

La Spezia - It took five hours yesterday to complete the first refueling of LNG in Italy on the quay, from ship to ship. La Spezia, the only national port to make the operation possible, will be replicated in three weeks. Always with "Costa Smeralda", the flagship of the Genoese company, which points its bow on the Gulf of Poets every Sunday until mid-November

With "Serena"

Costa may have green light for December Asia start

Genova - Is Costa Cruises mounting a comeback in Asia? It would appear so, as multiple Taiwan-based travel agencies have listed departures aboard the "Costa Serena" out of Taiwanese homeports this coming December. Pulled from service in China in January, the Asia-based "Serena" has been sitting idle since

Delivery at the end of 2022

Helsinki Shipyard wins order for hybrid expedition cruise vessel

Helsinki - Finnish shipbuilding company Helsinki Shipyard Oy has won an order from the British cruise line Swan Hellenic for a luxury expedition cruise vessel. The order comes at a very difficult situation for the global cruise and shipbuilding industry due to the impact of COVID-19 on traveling and demand for cruises

Died at 78

Lee Kun-Hee, force behind Samsung’s rise

Seoul - Lee Kun-Hee, the ailing Samsung Electronics chairman who transformed the small television maker into a global giant of consumer electronics but whose leadership was also marred by corruption convictions, died on Sunday

Genoa, Italy

Joint venture between Premuda and Columbia Shipmanagement

Premuda will be a shareholder of the new company, which will be called CSM Italy and will be based in Genoa. Within the framework outlined, once concluded the due trade-unions consultation’s procedures, CSM Italy will provide ship management and it’s maritime services

Financial problems

Ocean Tankers wants to return most ships to owners

The court-appointed manager for Ocean Tankers Pte Ltd has applied to the Singapore court to return most of the ships the company manages to the shipowners, as cash is running low and Ocean Tankers will not be able to maintain the fleet

Diplomacy

Cargo from Dubai arrives in Haifa, cementing Israel-UAE trade route

Haifa - The ship-to-shore crane paused above the cargo ship just arrived from Dubai, then set its load down on the pier in Israel. One after another, eight containers filled with electronics, cleaning supplies, iron and firefighting equipment were unloaded off the "MSC Paris", one of the first cargo ships to make the voyage between the United Arab Emirates and Israel

IHS Markit

Carriers throwing capacity at booming trade lanes

London - Carriers since July have been rapidly reinstating high levels of capacity blanked in the second quarter as demand began to return rapidly, most notably on the trans-Pacific where US imports are setting records. The capacity management strategy that has kept freight rates at record levels is being tested by the rapid recovery in demand on the trans-Pacific and Asia-Europe trades

From Meyer Werft

P&O Cruises takes delivery of its new LNG-powered flagship

Papenburg - German shipbuilder Meyer Werft has handed over "Iona", a 180,000-ton LNG-powered cruise ship, to the British shipping company P&O Cruises. With the delivery, the new flagship of the cruise line will be integrated into the P&O Cruises fleet in order to be ready for service when the Biritsh cruise industry restarts

Newbuilds

Korea’s shipbuilding industry picks up thanks to Greece

Athens - On recent orders from Greek shipping companies, South Korea’s shipbuilding industry regained the No. 1 spot from China in the third quarter of this year, data showed Sunday. According to UK-based market research firm Clarksons Research, Greece placed orders for 18 ships worth 589,421 compensated gross tonnage from Korean shipbuilders this year