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American Cruise Lines Orders Three Newbuilds as Domestic Cruising Grows

American Cruise Lines Orders Three Newbuilds as Domestic Cruising Grows

The domestic inland and coastal cruising market is following the same trends as the overall cruise business showing strong growth. American Cruise Lines, which is the largest small ship and river cruise operator in the U.S. is working to further expand its market share and grow domestic cruising reporting it will build three more cruise ships and bring its total to seven new ships due to enter service by 2026

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UK Targets Shadow Fleet and Cargo Ships with First Vessel Sanctions

UK Targets Shadow Fleet and Cargo Ships with First Vessel Sanctions

The UK today announced its first specific sanctions against tankers in the shadow fleet moving Russian oil as part of a broader effort in connection with the G7 nations at the start of the summit in Italy.

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Surveys to Begin Off California for First Floating Wind Farm

Surveys to Begin Off California for First Floating Wind Farm

Site survey work is set to kick off this month for RWE’s Canopy Offshore Wind project which will be located approximately 20 miles off the coast of Humboldt Country in Northern California. The project will mark several firsts, including a milestone in the development of RWE’s first commercial-scale floating offshore wind farm and the beginning of work on the Pacific and off California after the first U.S. auction in 2022.

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Hamburg Parliament Delays Decision on Proposed MSC Investment in Port

Hamburg Parliament Delays Decision on Proposed MSC Investment in Port

In a surprise development, the Budget Committee of the Hamburg Parliament on Tuesday voted to delay its decision on the proposed deal to sell nearly half of Hamburg port operator Hamburger Hafen und Logistik AG (HHLA) to MSC Mediterranean Shipping Company.

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Newbuilding Prices Reach Highest Level in 16 Years Driven by Strong Orders

Newbuilding Prices Reach Highest Level in 16 Years Driven by Strong Orders

After years of downturn and a soft decade through most of the 2010s, the industry trade group BIMCO reports shipbuilding prices are reaching new highs. Overall order prices are up to the highest point since 2008 having increased a further three percent in 2024.

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Greek Bulker Hit and Taking On Water After Multiple Houthi Attacks

Greek Bulker Hit and Taking On Water After Multiple Houthi Attacks

A Greek-owned bulker was hit by multiple attacks by the Houthi while sailing south in the Red Sea bound for India earlier today. The vessel is reporting that it is “not under command,” awaiting assistance from the collation forces in the region.

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Hull Stress or Steel Fatigue Suspected After Laker Takes on Water

Hull Stress or Steel Fatigue Suspected After Laker Takes on Water

Investigators examining the 72-year-old Great Lakes bulker Michipicoten now suspect the vessel suffered steel fatigue or a form of hull stress that caused the flooding incident on Saturday, June 8. Initially, reports were that the vessel had hit an underwater object while underway on Lake Superior.

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World’s Largest Offshore Wind Turbines Begin Testing in China

World’s Largest Offshore Wind Turbines Begin Testing in China

Chinese manufacturers are pushing forward with their efforts to upsize turbines for offshore wind farms. Two of the largest turbines ever built, Envision Energy’s 16.7 MW prototype and Dongfang Electric’s 18 MW prototype, have both begun testing while even larger turbines are in the offing.

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Container Losses Fall to Record Low with Study of Parametric Rolling

Container Losses Fall to Record Low with Study of Parametric Rolling

The container shipping industry continues to make strong progress in reducing the number of boxes lost overboard. The World Shipping Council, an industry group made up of the major carriers, reports for the second year in a row that the number of containers lost at sea has fallen to record-low levels as they make progress on managing parametric rolling and other dangers from loading to properly securing boxes.

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Strong Consumer Demand Drives Up TEU Imports but Also Widens U.S. Trade Gap

Strong Consumer Demand Drives Up TEU Imports but Also Widens U.S. Trade Gap

With strong consumer spending continuing, container import levels at the major U.S. ports are expected to reach their highest levels in two years. The National Retail Federation raised for the second consecutive month its forecast for container imports but the strength of the imports also contributed to a widening of the U.S. trade deficit.

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Norway Fines Shipowner $750,000 for Illegal Export of Ships for Scrap

Norway Fines Shipowner $750,000 for Illegal Export of Ships for Scrap

Four years after raiding the offices of the shipping company then known as Teekay Offshore, Norwegian regulators today imposed an approximately $750,000 fine for illegally exporting two ships to India for scrapping.

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Noble Corp. Buys Diamond Offshore Continuing Sector Consolidation

Noble Corp. Buys Diamond Offshore Continuing Sector Consolidation

Noble Corporation announced its third acquisition since emerging from bankruptcy as the company continues to drive consolidation in the offshore drilling sector. In a deal valued at approximately $1.6 billion, they will acquire smaller competitor Diamond Offshore Drilling to create one of the largest modern drillship fleets.

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Finland Wants a Spill Response Vessel to be Ready for

Finland Wants a Spill Response Vessel to be Ready for "Dark Fleet" Risks

Finland is raising the alarm over growing risks of a spill from Russia’s "dark fleet" of tankers, and it has vowed to push the European Union (EU) to invest in a standby response vessel specifically dedicated to the waters of the Gulf of Finland, which are not easy to navigate during winter.

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New Zealand to Reverse its 2018 Offshore Oil Exploration Ban

New Zealand to Reverse its 2018 Offshore Oil Exploration Ban

New Zealand’s government is moving to reverse a ban on offshore petroleum exploration, part of a suite of proposed amendments to the country’s Minerals Act. In a statement on Sunday, Resources Minister Shane Jones said that the reversal of the ban is targeted at resolving energy security challenges posed by rapidly declining natural gas reserves.

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NATO Studies Effects of Warming on Arctic Ocean's Sonar Properties

NATO Studies Effects of Warming on Arctic Ocean's Sonar Properties

Courtesy of climate change, the Arctic Ocean is steadily transforming into a geopolitical and military theatre. This shift is central to the evolution of defense alliances such as NATO, with strategic interests of members states in the High North changing.

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Indian Government Wants to Launch New Line to Lower Shipping Costs

Indian Government Wants to Launch New Line to Lower Shipping Costs

News that India is planning to launch a new shipping company through a public partnership is being met with skepticism within the shipping and industrial community in the country. According to the story first reported by Reuters, the government of newly reelected Prime Minister Narendra Modi has been pursuing the concept for the past few months as a means of supporting the industrialization plans for India along with a goal of reducing the amount of foreign exchange being spent on shipping.

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Russia and China Plan JV Shipping Line for Year-Round Service on the NSR

Russia and China Plan JV Shipping Line for Year-Round Service on the NSR

Continuing forward with Russian President Vladimir Putin’s imperative to develop the Northern Sea Route as an alternative means of transporting cargo, Rosatom which oversees the NSR and a Chinese shipping company announced an agreement to form a joint venture.

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Boxship's Engine Controls Get Stuck on Full Ahead, Forcing Bridge Closure

Boxship's Engine Controls Get Stuck on Full Ahead, Forcing Bridge Closure

On Wednesday, an MSC boxship lost control of its main engine and accelerated to 17 knots on the Cooper River at Charleston, South Carolina, forcing the temporary closure of the Arthur Ravenel Jr. Bridge.

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MONTHLY LIST OF THE VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS - APRIL-MAY 2024

MONTHLY LIST OF THE VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS - APRIL-MAY 2024

MONTHLY LIST OF THE VESSELS BEACHED AT THE INDIAN DEMOLITION YARDS - APRIL-MAY 2024

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Jumbo Offshore completes monopile removal works offshore Taiwan

Jumbo Offshore completes monopile removal works offshore Taiwan

Jumbo Offshore has completed the removal of two monopiles on the Offshore Wind Farm (OWF) Yunlin in Taiwan. The Jumbo Offshore crew reliably carried out the work, whilst deploying its DP2 Heavy Lift Crane Vessel Fairplayer from Europe to support the onsite operations.

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