Coast Guard News

July 31, 2020
Cyprus-based dry bulk vessel owner Castor Maritime has entered into an agreement to purchase a 2010 Japan-built bulker. As informed, the Panamax bulk carrier will be bought for $12.75 million from an unaffiliated third party company. The ship is expected to be delivered to its new owner in late Q3 or early Q4 2020. The acquisition is subject to the satisfaction of certain customary closing conditions, according to Castor Maritime. ... [Read More]
July 30, 2020
Earlier this week, the European Maritime Safety Agency (EMSA) and the European Centre for Disease Control (ECDC) jointly published the COVID-19 EU guidance for cruise ships.... [Read More]
July 30, 2020
Earlier this week, the European Maritime Safety Agency (EMSA) and the European Centre for Disease Control (ECDC) jointly published the COVID-19 EU guidance for cruise ships.... [Read More]
July 30, 2020
Earlier this week, the European Maritime Safety Agency (EMSA) and the European Centre for Disease Control (ECDC) jointly published the COVID-19 EU guidance for cruise ships.... [Read More]
July 30, 2020
Earlier this week, the European Maritime Safety Agency (EMSA) and the European Centre for Disease Control (ECDC) jointly published the COVID-19 EU guidance for cruise ships.... [Read More]
July 30, 2020
Container shipping demolition has hit a 41-month high in July reaching 52.8 thousand TEU, thereby surpassing the 50.6 thousand TEU demolished in June, data from BIMCO shows. In the first seven months of the year a total of 152.8 thousand TEU has been demolished, up 26.3% from last year. 16 ships have been demolished in July, including the 1998 built Sine Maersk, the largest container ship ever to be demolished at 9,600 TEU. ... [Read More]
July 30, 2020
Container shipping demolition has hit a 41-month high in July reaching 52.8 thousand TEU, thereby surpassing the 50.6 thousand TEU demolished in June, data from BIMCO shows. In the first seven months of the year a total of 152.8 thousand TEU has been demolished, up 26.3% from last year. 16 ships have been demolished in July, including the 1998 built Sine Maersk, the largest container ship ever to be demolished at 9,600 TEU. ... [Read More]
July 30, 2020
Container shipping demolition has hit a 41-month high in July reaching 52.8 thousand TEU, thereby surpassing the 50.6 thousand TEU demolished in June, data from BIMCO shows. In the first seven months of the year a total of 152.8 thousand TEU has been demolished, up 26.3% from last year. 16 ships have been demolished in July, including the 1998 built Sine Maersk, the largest container ship ever to be demolished at 9,600 TEU. ... [Read More]
July 30, 2020
Container shipping demolition has hit a 41-month high in July reaching 52.8 thousand TEU, thereby surpassing the 50.6 thousand TEU demolished in June, data from BIMCO shows. In the first seven months of the year a total of 152.8 thousand TEU has been demolished, up 26.3% from last year. 16 ships have been demolished in July, including the 1998 built Sine Maersk, the largest container ship ever to be demolished at 9,600 TEU. ... [Read More]
July 30, 2020
Hong Kong-based dry bulk shipping company Pacific Basin achieved a net saving of $23.1 million on its scrubbers, representing 38% of its original investment. The company decided to fit scrubbers on 28 of its owned Supramaxes back in 2019 in order to comply with the IMO 2020 global 0.5% sulphur limit that took effect on 1 January 2020. The rest of the company’s fleet is using low-sulphur fuel.... [Read More]
July 30, 2020
Hong Kong-based dry bulk shipping company Pacific Basin achieved a net saving of $23.1 million on its scrubbers, representing 38% of its original investment. The company decided to fit scrubbers on 28 of its owned Supramaxes back in 2019 in order to comply with the IMO 2020 global 0.5% sulphur limit that took effect on 1 January 2020. The rest of the company’s fleet is using low-sulphur fuel.... [Read More]
July 30, 2020
Hong Kong-based dry bulk shipping company Pacific Basin achieved a net saving of $23.1 million on its scrubbers, representing 38% of its original investment. The company decided to fit scrubbers on 28 of its owned Supramaxes back in 2019 in order to comply with the IMO 2020 global 0.5% sulphur limit that took effect on 1 January 2020. The rest of the company’s fleet is using low-sulphur fuel.... [Read More]
July 30, 2020
Hong Kong-based dry bulk shipping company Pacific Basin achieved a net saving of $23.1 million on its scrubbers, representing 38% of its original investment. The company decided to fit scrubbers on 28 of its owned Supramaxes back in 2019 in order to comply with the IMO 2020 global 0.5% sulphur limit that took effect on 1 January 2020. The rest of the company’s fleet is using low-sulphur fuel.... [Read More]
July 30, 2020
The Jacksonville City Council has unanimously awarded the Jacksonville Port Authority (JAXPORT) $75 million for the ongoing harbor deepening project. As informed, the amount is comprised of a $35 million grant and a $40 million loan. “It’s a historic win for our community and the 15,000 jobs that will be created or protected by the Jacksonville Harbor Deepening Project,” JAXPORT said.... [Read More]
July 30, 2020
Carnival Corporation & plc, the world’s largest cruise company, revealed that it was taking an estimated impairment charge of between $600 million and $650 million from the sales of two additional ships. “Senior management of the company evaluated these two ships for impairment and concluded their carrying values are no longer recoverable when compared to their estimated remaining future cash flows,” Carnival said.... [Read More]
July 30, 2020
South Korean shipbuilder Samsung Heavy Industries (SHI) has delivered Eagle Paulinia to AET Tankers, a petroleum logistics unit of Malaysian energy logistics group MISC Berhad. The dynamic positioning (DP2) shuttle tanker is part of a series of four vessels, purpose-built for long-term charter to Brazilian oil and gas major Petrobras. AET said that the ship was delivered to Petrobras on July 24, and is now en-route to Rio de Janeiro to commence her duties.... [Read More]
July 30, 2020
The Australian Maritime Safety Authority (AMSA) has banned another Liberian-flagged bulk carrier this week — this time, the 93,200 dwt TW Hamburg. As informed, AMSA boarded the ship in Gladstone on 24 July 2020 after receiving correspondence that seafarers onboard had expired employment agreements and requested repatriation. Further information and assistance was provided by the International Transport Workers’ Federation (ITF).... [Read More]
July 30, 2020
Smit Salvage has been awarded the contract to refloat the giant bulker that ran aground off Mauritius over the weekend. Local contactor CELERO will also join the salvage operation and assist in the pumping out of fuel from the ship. The Capesize bulker Wakashio is believed to be carrying 3,894 tonnes of low-sulphur fuel oil, 207 tonnes of diesel and 90 tonnes of lube oil. ... [Read More]
July 29, 2020
Image courtesy: Precious Shipping The IMO 2020 sulphur cap, mandating the switch for all ships to use fuels with a maximum 0.5% sulphur content as of January 1, 2020, except for those equipped with scrubbers, has been the driving force for change in the shipping industry over the past coupleThe post Precious Shipping: IMO 2020 was absolutely pain-free for us appeared first on Offshore Energy. ... [Read More]
July 29, 2020
Image courtesy: Precious Shipping The IMO 2020 sulphur cap, mandating the switch for all ships to use fuels with a maximum 0.5% sulphur content as of January 1, 2020, except for those equipped with scrubbers, has been the driving force for change in the shipping industry over the past coupleThe post Precious Shipping: IMO 2020 was absolutely pain-free for us appeared first on Offshore Energy. ... [Read More]

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