The ceremony

T. Mariotti cuts steel for Seabourn's second newbuild

Genova - Steel cutting at the Cimar plant in San Giorgio di Nogaro for the second of the two ultra-luxury ships commissioned by the US shipping company Seabourn to the genoese T. Mariotti shipyard. The sister ship of "Seabourn Venture", whose delivery is expected in 2021, is still waiting to receive the name and will be completed in 2022

The first yachts from Amico & Co are on their way

Darsena active even after the Genoa Boat Show event

Genova - Redevelopment has been completed of the area, left empty nearly all year long for 13 years. The shipyard managed facility will host a total of 25 superyachts up to 110m long He had said it would be October, and October it is. Just five and a half months after the final green light for the development works and four months since the agreement that finally mothballed the former disputes regarding the Darsena Nautica

Owned company Marinette Marine shortlisted

Fincantieri to design the project of US Navy unmanned fleet

Trieste - The Department of Defense and the US Navy awarded to Fincantieri’s subsidiary, Marinette Marine (FMM), a $7 million contract for design and engineering work of the Large Unmanned Surface Vessel (LUSV), the future large-size unmanned surface vessels, able to operate without crew on board. Fincantieri Marinette Marine has been shortlisted with five other companies

The Asian giant

Genting Hong Kong holds first creditors' meeting

Hong Kong - Genting Hong Kong held its first creditors meeting Monday as it pursues a restructuring. Leading up to the virtual meeting, the company paid bank fees that were due last week.Previously, Genting HK reported missing the payment of €3.7m in bank fees relating to newbuilds "Global Dream" and a sister vessel

Traffic +9,3% in the 2020 1H

As Arctic ice melts, polluting ships stream into polar waters / ANALYSIS

London - As melting sea ice opens the Arctic to navigation, more ships are plying the loosely regulated polar waters, bringing increasing amounts of climate-warming pollution, a Reuters analysis of new shipping and fuel-consumption data shows. Traffic through the icy region's busiest lane along the Siberian coast increased 58% between 2016 and 2019

Italian market

Covid-19, Costa Cruises will test passengers

To obtain certification from RINA, specific training modules for crews have been created in strict compliance with the new health protocols and with the associated shipboard management system implemented by Costa

The accident

Mauritius starts to scuttle Japanese oil-spill vessel

Environmental group Greenpeace said the action would lead to more pollution. Scientists say the full extent of the spill was still unfolding but the damage could affect Mauritius and its tourism-dependent economy for decades

World's number five

Hapag-Lloyd almost doubles H1 profit

German container shipping line Hapag-Lloyd nearly doubled net profit in the first half of 2020 and kept its full-year outlook intact but warned that the coronavirus crisis bears indiscernible risks for its operations

Toward the lowest level in 4 years

COVID-19 to weigh on U.S. seaport peak shipping season

Imports at major U.S. container seaports could hit their lowest level in four years as the novel coronavirus pandemic pummels a U.S. economy that was already grappling with negative effects of the U.S.-China trade war

World Trade

Shipping's share of global carbon emissions increases

Carbon emissions from shipping rose in the six-year period to 2018 and accounted for 2.89% of the world’s CO2, a study released on Tuesday showed, amid growing pressure on the industry to bring levels down

The COVID-19 emergency

Greece exempts seafarers from entry restriction

Athens - Greece has exempted seafarers from COVID-19-related travel restrictions, meeting its pledge to the IMO to facilitate crew change. GAC Greece said that the Greek government has allowed seafarers entry into its country together with citizens of the following countries

The operation

Polaris with Shipping of Another Rotor Set from UAE to Spain

Dubai - Polaris Shipping Agencies have shipped out a second rotor set from Khalifa Port in Abu Dhabi to Escombreras Port in Spain. The OOC cargo had shipping dimensions of 12.20 x 4.05 x 3.85m and a unit weight of 95mt. The scope of work handled by Polaris included pre-carriage from the supplier, all origin export requirements and sourcing of a suitable vessel on liner terms hook/hook

After the restrictions

Maersk to stop taking waste to China

Denmark’s A.P. Moller-Maersk, the world’s top container shipping firm, said on Wednesday it would stop accepting solid waste shipments bound for China and Hong Kong from Septembe

The Finnish group

Wartsila reports halving in Q2 profits

Wartsila on Friday reported a 51% drop in quarterly operating profit, as demand for its ship technology and power plants slumped due to the coronavirus outbreak

"high uncertainty"

Hapag-Lloyd ups profits but warns of risks

German container shipping line Hapag-Lloyd on Wednesday reported preliminary results for the first half of 2020 showing core profits above those of the same 2019 period and upholding its guidance for full year earnings

By the end of July

Hapag-Lloyd Cruises to resume cruise operations

Hamburg - Germany-based Hapag-Lloyd Cruises has announced plans to commence sailing by the end of this month with the implementation of hygiene and preventive measures. The cruises will first begin from Hamburg on the "Europa 2" luxury ship and the "Hanseatic" inspiration expedition ship

The operation

Samsung Heavy Industries unveils innovations for Nigeria's shipbuilding industry

Seoul - Samsung Heavy Industries (SHI) is developing innovative methods to facilitate smart shipping by undertaking thorough research across their multiple research centres in Geoje, Daeduk and Pangyo in Korea. According to a statement issued by the company, the aim is not only to transform Samsung's shipyard at Geoje into a smart shipyard

The analysis

Demolition activity suffers as freight rates rebound

Athens - As freight rates, particularly in the dry bulk market, ships’ recycling activity has taken a hit. In periods of a strong market environment, demolition activity tends to suffer and this has occurred once more

The deal

Israel Shipyards supplies two OPV-45 vessels to an African Navy

Tel Aviv - Israel Shipyards announced July 9 the delivery of two OPV-45 Offshore Patrol Vessels to an African navy. The agreement to supply the ships was signed in order to provide significant protection against the increasing threat of piracy in the region. The agreement includes ongoing support and training of the technical and operational teams

The sip was built in 2000

P&O Cruises has sold the "Oceana"

Southampton - P&O Cruises announced that the "Oceana" has been sold and will leave the fleet. It makes the 2000-built 2,016-guest ship the first "modern" cruise ship sold due to the COVID-19 pandemic. A buyer or a sales price was not named. P&O Cruises president Paul Ludlow said: “Whilst we and many of our guests will miss "Oceana", her departure will allow us to focus on our remaining ships in the fleet"

The rating agency

Moody's: Global shipping sector outlook remains negative as earnings forecasts fall

London - Aggregate EBITDA of rated shipping companies will fall by around 16%-18% in 2020. Road to recovery will be long and bumpy. The outlook for the global shipping sector for the coming 12 to 18 months remains negative, Moody's Investors Service said in a new report. The outlook has been negative since March 2020

Clarkson's data

Global shipbuilding orders at historic low in H1

Seoul - Global new orders of ships fell to a historic low in the first half of the year amid the coronavirus pandemic, industry sources said Tuesday. In the January-June period, global new shipbuilding orders totaled 5.75 million compensated gross tons (CGTs)

The operation

TEN announces long-term charters for up to three Suezmax DP2 tankers

Athens - TEN announced the contract for the building of up to three suezmax DP2 shuttle tankers on long-term employment to a major European end-user. The vessels will be built in South Korea and the time charter equivalent minimum revenues to be generated over the duration of the respective contacts, should all be exercised, are expected at about $250 million

The project

Costa Crociere, the cruise terminal in Genoa ready before 2025

The terminal, which could be designed by the world-renowned architect Renzo Piano, will be built in the area of ​​the ancient port, the most prestigious area of ​​the city, a few hundred meters from the largest historical center in Europe

In Denmark and abroad

DFDS to cut 650 jobs

The Danish group DFDS, which operates freight and passenger transport services with a fleet of ferries and logistics services, announced its intention to cut 650 jobs due to the impact on the activities of the Covid-19 pandemic

Tourism and Covid-19

Spain maintains ban on cruise ships

Spain is to uphold a ban on cruise liners from docking at its ports to stop the spread of COVID-19, according to a ministerial order published on Saturday

Covid-19

Oil tanker quarantined in Antwerp

The Belgian port of Antwerp has quarantined a Maltese-flagged oil tanker until at least July 4 after more than half of its crew tested positive for COVID-19, the port authority said on Thursday

The COVID-19 effect

Hyundai Heavy Industries to merge shipbuilding, offshore units, streamline by 20%

Seoul - South Korea’s Hyundai Heavy Industries Co. said on Tuesday that it will merge shipbuilding and offshore & engineering divisions to streamline its mainstay business to survive coronavirus pandemic that has dampened global demand. According to the world’s largest shipbuilder, it will merge its shipbuilding and offshore operations July 1

The statement

CLIA: cruise lines extend suspension of operations from US ports until mid-September

Miami - “Due to the ongoing situation within the U.S. related to COVID-19, CLIA member cruise lines have decided to voluntarily extend the period of suspended passenger operations,” the association said in a statement. “It is increasingly clear that more time will be needed to resolve barriers to resumption in the United States.”

On-board systems and equipment

ABS strengthens its presence in Genoa

The historic American classification Society based in Houston with over 5,500 employees and two hundred offices worldwide, has chosen Genoa as the head quarter for the European MED certification

Arctic Ocean

DSME wins order for two LNG facilities from Russia

Seoul - Daewoo Shipbuilding & Marine Engineering (DSME) announced on June 8 that it has won an order for two 360,000-square-meter LNG-barges from a Russian client for about 901.3 billion won. An LNG-barge is a floating LNG terminal in the sea. It is a facility that receives and stores LNG from icebreaking LNG carriers at sea and unloads it onto regular LNG carriers

A global issue

Singapore works with shipping to solve the crew change challenge

The off-going nineteen members of the Liberty's crew will now return home via a chartered flight from Singapore to Colombo, then on to India. Their colleagues - 14 Sri Lankans and four Indian seafarers who arrived from Sri Lanka early Saturday on the same chartered plane - have signed on aboard the ship

Traffic volumes

Vessel port call frequency improving in Europe, falling in North America

Rotterdam - Container ship call numbers in European ports have been gradually improving over the past three weeks, despite the high levels of blank sailings on the trade, while calls at North American ports continue to decline as carriers extend the capacity withdrawals into the third quarter, according the latest IAPH-WPSP Port Economic Impact Barometer

Covid

Ocean shipping shrinks as pandemic pummels retailers

Some shipping lines, whose retail customers are being hammered by the coronavirus pandemic, are reducing sailing speeds and taking longer routes around Africa, avoiding Suez canal passage fees

14 ships are involved

Filipino crew files lawsuit against Royal Caribbean Cruises in Miami

Miami - Filipino crew members on Royal Caribbean Cruises’ Celebrity ships have moved to federal court, demanding immediate repatriation by the company. Ryan Maunes Maglana filed a lawsuit, on behalf of all Filipino crew on Celebrity’s 14 ships, in a federal court in Miami on May 21. He said he and his co-workers have been held against their will without pay for more than two months

Coronavirus

Virgin Voyages cancels cruises through October 15

Miami - Virgin Voyages, the new adults only cruise line that was originally scheduled to debut this spring, will now sail its first cruise on October 16, 2020. Virgin Voyages has canceled all cruises through October 15, 2020. The cruise line has also rescheduled the Richard’s Birthday Bash sailing for July 14th, 2021

International regulation

Philippines recognizes Filipino seafarers as “key workers"

Manila - The Philippines fully supports the recognition of Filipino seafarers as “key workers” ensuring that ship crew changes can take place safely amid COVID-19 pandemic. This was in response to the statement of International Maritime Organization (IMO) Secretary-General Kitack Lim urging all the Member States to recognize all seafarers as “key workers” by removing any barriers to documentation and lifting travel restrictions

Project cargo

Recent critical shipments handled by Wilhelmsen UAE

Dubai - Wilhelmsen Ships Service (WSS) is continuing to handle critical shipments within GCC countries during the COVID-19 lockdown of land borders by utilising different sea freight solutions. Their team in Dubai recently handled 1,706mt of steel plates from Hamriyah Free Zone Port in Sharjah to Shuwaikh Port (Kuwait

The Covid 19 effect

Alang, 70% of the workforce at home

Dubai - There has been a slow and cautious easing of restrictions in ship recycling sectors across the Indian subcontinent markets as certain yards get back to work in Alang and a few vessels waiting for special permissions in Bangladesh have finally been allowed to beach this week.

Freight rates

Crude oil tanker earnings drop 68% in nine days

Copenhagen - Crude oil tanker earnings have come down sharply in recent weeks with Very Large Crude Carrier (VLCC) earnings from the Middle East Gulf to China dropping 68% in just nine days (from USD 222,591 per day on 22 April to USD 71,885 per day on 4 May)

The international fair

SMM falls victim to COVID-19, postponed to 2021

Hamburg will be much less busy this September after it was announced that SMM, the leading international maritime trade fair, has been postponed to 2-5 February 2021 in response to the coronavirus pandemic and its global impact

In April

Russia tops as No.3 world's shipbuilder nation

Seoul - South Korea ranked second to China in terms of shipbuilding orders for the second straight month, industry data showed Wednesday. Daewoo Shipbuilding & Marine Engineering Co. and others won orders totaling 230,000 compensated gross tons (CGTs) to build eight ships in April, trailing far behind Chinese shipbuilders that bagged 730,000 CGTs in orders to build 38 vessels

Covid-19

Meyer shipyard in Finland to cut up to 450 jobs

German shipyard Meyer Werft’s Finnish subsidiary on Tuesday started statutory talks to lay off up to 450 of its roughly 2,000 employees because of a hit to business from the coronavirus pandemic

After lockdown

European shipyards resume work

Genova - Several of Europe’s leading shipbuilders have announced plans to slowly resume operations after more than a month of disruptions. During the peak of the coronavirus, shipbuilders in Italy, France, Spain, and Germany were each forced to suspend operations

Freight rates

COVID-19 to cut shipping container fleet and slow pricing recovery

London - The outbreak of the coronavirus has disrupted container supply chains around the world and depressed the demand for vessels and boxes. It will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020, although better than in 2019