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."
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
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
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
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
Norwegian Cruise Line said it was canceling sailings on eight of its ships in the U.S. and abroad to protect the health and safety of guests, crew members and communities
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"
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
The passengers are almost all asymptomatic, and none have been transported to the hospital. According to the protocol, they were all isolated waiting to disembark and reach their homes
“We’re living in this situation and it can always happen. Of course it’s not nice, we imagined something else,” one calm but disappointed passenger said as he disembarked.
The CDC said COVID-19 cases on 68 ships had met its threshold for an investigation
This was decided by the Court of Genoa which recognized the pecuniary and non-pecuniary damage suffered by Ernesto Carusotti, one of the Concordia cruise passengers
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
Cruise ships were an early source of outbreaks last year at the start of the coronavirus pandemic as some ships were rejected at ports and passengers were forced into quarantine.
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
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
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
This new Class of ships have feature over 1,400 guest cabins designed to host more than 2,770 passengers, accompanied by 1,160 crew members on board to deliver the famed Virgin service
Laziza Lambert, a spokeswoman for the Cruise Lines International Association, said in a statement that, "Cruising has successfully resumed in the United States" with measures that have limited the risk of COVID-19 for passengers and crew members
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
Among the summer itineraries that have had the greatest interest are those of proximity, bringing the Italian ports back to the center of the tourist experience.
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”
The positive momentum in the superyacht market has carried on into 2021 and we are expecting a very busy year in 2021 for superyacht sales, both new and used
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.
The company said it expects more than half of its fleet to be operating by the end of October and the full fleet by next summer. The cruise industry has been among the hardest hit by the pandemic
Saudi Arabia rented the MSC Bellissima from its Geneva-based operator MSC Cruises as part of its Saudi Summer campaign designed to encourage tourism from home and abroad
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
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
Fast Corridors are made possible by both the customer and Terminal being Authorized Economic Operator (AEO) certified
The hull, designed by Pieluigi Ausonio’ studio P.L.A.N.A., ensures perfect efficiency, helped by the vertical bow,and make it possible for Oasis 40M to reach atop speed of 18 knots
Shipping performance in 2021 has carried on where 2020 left off, in terms of lower rates of vessels keeping to schedule, and average delays for late vessels rising
MSC Seashore is the first Seaside EVO ship, an evolution of the game-changing and pioneering Seaside class joining sister ships MSC Seaside and MSC Seaview, which were launched in 2017 and 2018 respectively.
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.
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
Traffic in the canal was blocked in both directions for six days in March when the giant container ship Ever Given became grounded in a southern section of the canal
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
“We started the Atlantic crossing in November 2018. Christmas in the Caribbean and then, once we had crossed the Panama Canal, in January 2019 we headed to the Galapagos and then returned to Costa Rica”, explains italian Captain Bozzo Costa
The IMO will hold an intersessional working group meeting scheduled for late October, ahead of a late-November session of the Marine Environment Protection Committee, to address issues including carbon-reduction efforts.
The United States has previously accused Russia of demanding that foreign vessels request permissions to pass in the Arctic region and requiring Russian maritime pilots to board the ships
The Guatemala-based mining company linked to the men denied that any bribe had been paid. Sandoval, who fled Guatemala in July, said he was fired after the attorney general prevented him from trying to investigate corruption cases with links to Giammattei
The country is selling its state-owned ports and building new private docks in an effort bring down costs and cut above-average wait times for vessels to unload.
The company will beinvesting heavily in higher production and improved environmental performance in 2022-2025
Qualsiasi nave ritenuta "un pericolo per la sicurezza del traffico marittimo della Cina" sarà tenuta a riportare le proprie informazioni
The precise number of missing passengers remains unknown, Deputy Information Minister Jarlaywah Tonpoe told Reuters.
The former minister was also fined 400 million rupiah ($27,624) for accepting bribes and banned from running for office for three years
Alessandro Santi, who heads Federagenti, a national shipping lobby, said the government was taking no account of the industrywith an approach that was "regrettable and creates resentment".
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.
The deal would help sectors including digital, financial and professional business services and cut tariffs for Britishexports, the trade ministry sai
The project also foresees the construction of the related seashore infrastructure, including water supply stations and four passenger embarkation decks.
The ship blocked canal traffic for six days in March. Ever Given was held as canal authority demanded compensation
The virtual gathering was meant to help the international community "adjust more quickly to the rise of China" and for Beijing to gain more "understanding, support and companionship," said Guo Yezhou, vice minister of the International Department
The 400 metre (430 yard) vessel, one of the world's largest container ships, will be accompanied by two tugs and two senior canal guides, Suez Canal sources said.
A source familiar with Zodiac Maritime's fleet said the company had sold a vessel called the CSAV Tyndall several monthsago
Egypt says the July 3 base will help it protect strategicand economic interests as well as helping guard against irregular migration as it boosts its naval presence on the Mediterranean and the Red Sea.
The ship's Japanese owners, Shoei Kisen and its insurerssaid last month they have reached agreement in principle in acompensation dispute with the Suez Canal Authority (SCA).
The ship, which can accommodate more than 3,000 passengers, began housing rescue teams Thursday and likely will continue for the next month
Authorities said last week they had lifted a ban on fishingin parts of the affected coast, though experts say risks tomarine life from the disaster remain.
“In the winter 2021-22 season we will also have the new flagship Costa Toscana available, and we will re-propose the most popular cruises of our winter offer”
For the fireworks industry, shipments are still stuck at U.S. ports ahead of the busiest selling season of the year. Production and shipping issues are expected to extend into thefirst quarter of next year
Ismaila - A representative for the owners and insurers of a giant cargo ship that blocked the Suez Canal in March on Wednesday said that an agreement in principle had been reached in a compensation dispute with the canal authority. Work was under way to finalise a signed settlement agreement as soon as possible and arrangements for the release of the "Ever Given" vessel would be made after formalities had been dealt with
Istanbul - Thousands of Russian tourists began arriving in Turkey on Tuesday, boosting hopes for its tourism sector after a two-month suspension in flights imposed by Moscow due to concerns about a surge in COVID-19 cases in April
Tulcea - After being towed from Vard’s shipyard in Tulcea, Romania, across the Black sea, the Mediterranean Sea, then along the ocean shores of Portugal, Spain and France up to Scandinavia, Prysmian Group’s cutting-edge cable-laying vessel reached Brattvåg, Norway
Brussels - European Union countries agreed on Friday to an easing of travel restrictions over summer that will allow fully vaccinated tourists to avoid tests or quarantines and broaden the list of EU regions from which it is safe to travel. Ambassadors from the 27 EU member states approved a modified European Commission proposal that people who have been fully vaccinated for 14 days should be able to travel freely from one EU country to another
The Japanese coast guard was not immediately reachable by phone on Sunday. Japan's Transport Safety Board is conducting an investigation on board the chemical tanker, identified as the Ulsan Pioneer, which remained near the accident site
"Shipping companies will have to comply with measures established by the health ministry... to guarantee total security, both for cruise passengers and for the cities where they land," the transport ministry tweeted on Saturday.
The shipping sector is under pressure to reduce carbon emissions and last year adopted stricter rules on sulphur content in marine fuel
A Japanese coast guard spokesman identified the tanker as the Ulsan Pioneer, registered in the Marshall Islands. The coast guard had deployed 14 patrol ships and three aircraft in the search, he said.
The SCA is seeking compensation of $916 million for the disruption suffered but said on Tuesday it would be willing to accept a reduced sum of $550 million, including a $200 million deposit paid to secure the ship’s release and the remaining amount payable through letters of credit.
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
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
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
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
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
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
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
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
"The chance to have a stable presence in this port has materialized and, as has already happened elsewhere, we are working with our competitors, who in this case I would define as "industry colleagues": the goal is to find together the best solution to transform Genoa in a large cruise hub"
The ship's protection and indemnity insurer UK Club and its technical manager Bernhard Schulte Shipmanagement (BSM) have said they are disappointed that the ship is being held.
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
Tsuneishi, which is based in Hiroshima Prefecture and operates shipyards in China and the Philippines, will acquire the interest in Mitsui E&S Shipbuilding on Oct. 1.
“Shippers continue to face container and vessel capacity shortage issues which have led to high freight rates,” MNSC chairman Datuk Dr Ir Andy Seo Kian Haw told The Malaysian Reserve
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.
"The pandemic has not only exposed vulnerabilities in global supply chains, but also underscored the importance of accelerating the use of technology and advancements in digitalisation for the shipping industry"
The group has secured a total of 75 effective shipbuilding contracts with an aggregate value of US$4.01 billion year-to-date.
“Towards a low-carbon shipping industry / Maritime transport and the environment: ideas, projects, investments”
The first portion of the funding will be distributed in early May and the next round will be invested over the coming several years, the White House said
The right of passage of foreign warships and "other state ships" will be suspended in three spots near Crimea's Black Sea coast from April 24 until October 31
The proposed changes represent a minimum cost increase per transit reservation of US$20,000 (up 57%) and a maximum cost increase of US$58,500 (up 167%) will now start on 1 June 2021.
The Navy statement did not go into detail about the alleged crimes in Nuevo Laredo, which was often racked by violent turf wars between drug cartels during the last government.
At present, 22 routes are running through the pass, reaching 13 countries such as Germany and Poland. The imported goods carried by the trains include automobiles and parts, timber and cotton yarn, while home appliances and daily necessities are among the exported items.
From St. Petersburg, cargoes can be shipped directly to some of the major European hubs such as Antwerp, Bremerhaven, Rotterdam and Le Havre through our European feeder network
International supply chains were thrown into disarray when the 400 metre (430 yard) Ever Given ran aground in the canal on March 23
"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
Heavy ash fall had halted the evacuation efforts somewhat due to poor visibility, according to St. Vincent's National Emergency Management Organisation.
While ports on the U.S. East Coast are more exposed to any disruptions in the Suez Canal, the surge in demand for retail goods has overwhelmed West Coast terminals in recent months
"Tow lines have now been established between the stricken vessel and the tugs. The risk of a grounding has been averted," the NCA said in a statement.
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.
"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.
CDC said the next phase of the CDC's conditional sail order will include simulated voyages to will allow crew and port personnel to practice new COVID-19 operational procedures with volunteers before sailing with passengers.
