Coast Guard News

June 24, 2020
The path toward decarbonization of the shipping industry in line with the IMO 2050 target – a reduction of 50% by 2050 compared to 2008, which still fails to deliver fully on the Paris Agreement objectives, is filled with uncertainty, which might be the main obstacle to the very vision this joThe post Decarbonization: How to order future-proof ships when we don’t know the end game? appeared first on ... [Read More]
June 24, 2020
Ulstein Verft has delivered the Service Operation Vessel (SOV) Windea Jules Verne to Bernhard Schulte Offshore, who chartered the hybrid SOV to GE Renewable Energy for operations at the Merkur offshore wind farm in Germany. Based on the ULSTEIN SX195 design, Windea Jules Verne is 93.4 metres long, has a beam of 18 metres, and can accommodate up to 120 people. ... [Read More]
June 24, 2020
The board of creditors, self-administration and management of the financially-troubled shipbuilder Flensburger Schiffbau-Gesellschaft (FSG) are fighting to continue the construction of the LNG-powered ferry Honfleur (newbuilding 774). Difficult talks and negotiations are currently underway in a fight to save the German shipbuilder which filed for insolvency in April this year.... [Read More]
June 24, 2020
Port operator Gulftainer has launched the Future of Ports Startup Challenge 2020 to identify startups from across the globe with the ambition to lead the transformation of the port management and logistics industries.... [Read More]
June 24, 2020
Chilean operator of port, towage and logistics services Sociedad Matriz SAAM has placed a total of UF 1.2 million ($42 million) in bonds on the local market as the company prepares to wrap up the acquisition of Intertug. On 23 June 2020, a total of UF 1.2 million in E series, 10-year bonds were placed with a rate of 1,25 per cent and a spread of 143 points over the benchmark rate. Banchile Citi Global Markets and Link Capital Partners advised on the transaction, which included a virtual roadshow for more than 50 investors. ... [Read More]
June 24, 2020
Hyundai Heavy Industries (HHI), the biggest shipbuilder in South Korea, has decided to integrate its shipbuilding and offshore business divisions and scale back the organisation by about 20 per cent. The reorganisation plan will be implemented from 1 July 2020, HHI said in a statement. As explained, the coronavirus pandemic has negatively affected HHI’s business, forcing the shipbuilder to find ways to overcome the crisis. The reorganisation will help HHI improve efficiency and secure competitiveness, according to the shipbuilder.... [Read More]
June 24, 2020
Athens-based owner and provider of containerships for charter Costamare has concluded its refinancing program launched at the beginning of this year, securing a total of over $435 million in new loans since January. The conclusion of the refinancing efforts has been marked with the execution of the latest two loans worth a total of $140 million. ... [Read More]
June 24, 2020
Classification society ABS has granted Approval in Principle (AIP) to a dual deadweight neo-panamax bulk carrier design from the StandShip Joint Development Partnership (JDP). ABS’ StandShip JDP partners include StandShip Ltd., SeaQuest Marine Project Management, Odense Maritime Technology, Mitsubishi Ship Building, IFCHOR and Bancosta. ... [Read More]
June 24, 2020
China’s Yangzijiang Shipbuilding has secured an order from Hong Kong-based Tiger Gas to build LNG ISO tank carriers.... [Read More]
June 23, 2020
China’s CIMC Raffles, part of the CIMC group, has started building the second LNG-powered RoRo ship for Sweden’s Wallenius SOL.... [Read More]
June 23, 2020
Europa 2, a cruise ship operated by Germany-based cruise line Hapag-Lloyd Cruises, has had its cold ironing connection certified by the classification society DNV GL. ... [Read More]
June 23, 2020
Stena RoRo has converted the former Stena Superfast X day ferry into a night ferry, boosting the ship’s capacity and outfitting it with hybrid scrubbers. Hybrid systems have the flexibility to operate in both open and closed-loop mode. Enabling ships to switch to closed-loop operations in areas where the release of scrubber washwater has been banned is particularly important for this type of exhaust gas cleaning systems.... [Read More]
June 23, 2020
 Cruises Investment Holding and Royal Caribbean Group (RCL) have filed for the reorganisation of their Pullmantur Cruceros joint venture under the terms of Spanish insolvency laws. Cruises Investment Holding owns 51 per cent of the Spanish cruise line, while RCL owns the remaining 49 per cent.... [Read More]
June 23, 2020
Greece-based shipping company TMS Cardiff Gas has taken delivery of a new LNG tanker built by South Korea’s shipbuilder Samsung Heavy Industries.... [Read More]
June 23, 2020
Container shipping companies’ fight to maintain freight rates high through capacity management seems to have paid off, beating forecasts on carrier profitability. The liners’ ability to adapt to the new normal through a disciplined approach to the deployment of ships comes as a surprise as dwindling of demand was expected to push carriers into the red.... [Read More]
June 23, 2020
The entire fleet of Danish shipping major Maersk Line is to be equipped with Wilhelmsen’s Timm ropes featuring Snap Back Arrestor (SBA), the Norwegian maritime group said. As informed, an intensive pilot project, involving several Maersk vessels of various sizes, tested the product’s functionality, standardization of sizing and compatibility with existing mooring designs over a nine-month period. The pilot project was a result of close collaboration between Wilhelmsen’s marine products team and Maersk’s technical department. ... [Read More]
June 23, 2020
Japanese shipping major Mitsui O.S.K. Lines (MOL) has devised a plan comprising defensive measures the company should take in order to reduce market exposure and reexamine investment activities in response to the coronavirus pandemic’s impact. In order to be able to chart its path forward, MOL had to review the impact of the pandemic on the markets it operates in and look into the forecasts for megatrends of the world economy in the COVID-19 and post COVID-19 era.... [Read More]
June 23, 2020
Several 40-foot containers fell overboard from a barge near Hilo, Hawaii, on 22 June 2020, the US Coast Guard (USCG) said. The cargo was lost from the barge Ho Omaka Hou as the tug Hoku Loa, and its barge, was transiting to Hilo Harbor. As informed, the number of lost containers currently stands at 21. Nine of those have been located while twelve remain missing. ... [Read More]
June 23, 2020
 An employee at Port of Corpus Christi Authority (PCCA), America’s top crude oil exporting port, has tested positive for COVID-19, the port authority announced, adding it expected to identify positive cases as testing for the virus started to ramp up.... [Read More]
June 23, 2020
Holland Shipyards Group has won a contract for the delivery of two fully electric ferries from Norwegian ferry company Boreal. The vessels are planned to be put into operation on the Abelnes-Andabeløy and Launes-Kvellandstrand routes in the Agder province, Norway. ... [Read More]

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