Another slight rise, another testament of lowered volatility was the case during yesterday’s session of the Baltic Dry Index (BDI), with the industry’s benchmark for tracking the cost of delivering dry bulk cargoes via sea carriers, ending at 3,020 points. Still, the market isn’t quite yet in the cl
BAYONNE AND BEYOND — Reports from several prominent officials in Hudson County and in Bayonne suggest that city officials are seeking offers to build a container port on the former Military Ocean Terminal site in a blockbuster deal that could help the city retire its entire debt… [mappress] Source:h
PLAQUEMINES PARISH — Plaquemines Parish officials would like to see more projects that dedicate a dredge operation in the Mississippi River for the sole purpose of mining soil from the river’s bottom to build new marsh. That was the case last year with a dredge that was placed in the river… [mappres
Levels of the toxin tributyltin almost 20 times higher than the concentration known to affect the environment have been found at Rous Head, according to Fremantle Ports’ latest environmental monitoring results. The results, published on the port’s website, show the concentration of TBT… [mappress] S
Saugatuck, MI — The entrance to Saugatuck’s harbor has become dangerously shallow this spring, jeopardizing the tourist community’s economy and prompting the city to ask for emergency dredging. The funds, though, aren’t there. “We know there’s a shoal there,” said Tom O’Brien, area engineer of the U
An international award for ferry operator Stena has put a Newry firm on the crest of a wave after the ship the Stena Navigator won a major global accolade. The ferry which operates on the Stranraer-Belfast route, picked up the award for ‘best ferry conversion’ in the annual awards run by ShipPax, a
Twenty years ago, a massive dredging effort to deepen 103 miles of the mighty Columbia River held the promise of securing Oregon’s connection to the rest of the world. At 43 feet, the channel — otherwise too shallow to compete with deep-water ports — could play host to today’s larger vessels and mor
On the 14th of April, Kingship launched the second Magellan 110, project KS005. The yacht was rolled out of the shed and hit the water for preliminary trials, she is scheduled to be delivered in summer 2010.
China Shipping Group Co., the nation’s second-largest sea-freight company, plans to buy “quite a few” dry-bulk ships this year on rising demand in Asia for shipments of iron ore and coal. “The shipping market has bottomed out from its worst period,” Li Shaode, the group’s president, said today in Be
Striking seamen blocked Greece’s largest port on Monday as government’s officials raced against the clock for international aid to arrive in time to avert the eurozone’s first debt default in May. Passenger ferries remain moored at the Pireaus port as seamen called a 24-hour strike to protest plans
Marsa Al Nejoum Real Estate has unveiled the master plan of its waterfront Nujoom Islands project in Sharjah. The firm is the UAE-based development arm of master developer Al Hanoo Holding.The agreement has been signed with Los Angelesbased design firm Creative Kingdom… [mappress] Source:emiratesbus
Fincantieri has reported net loss of 64 million euro on revenues of 3.3 billion euro for 2009. Revenues were up 11 percent from 2008, according to the shipbuilder, including the U.S. based Fincantieri Marine Group. Fincantieri also reported net operating income of 20 million euro and EBITDA earnings
A £500m cruise ship which postponed its inaugural celebrations to rescue people stranded by the volcanic ash cloud has been named at a rescheduled ceremony. The Celebrity Eclipse returned from Spain on Friday carrying 2,200 tourists whose flights had been cancelled because of the Icelandic eruption.
Subsea 7 has bagged a pipeline contract in the UK sector of the North Sea. The deal is worth in excess of 75 million dollars. The Subsea 7 work scope is to engineer, fabricate, install and commission a pipeline bundle consisting of production, gas lift, methanol and heating pipelines and controls um
