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It's on us. Share your news here.
A century after transforming global markets, the Panama Canal is about to redraw world trade once again. Nine years of construction work, at a cost of more than $5 billion, have equipped the canal with a third set of locks and deeper navigation channels, crucial improvements that will double the isthmus’s capacity for carrying cargo… Read More
EBITDA – The Misleading Truth I sailed the seven seas in many vessels be they Container, Tankers or Dry Cargo one of my first voyages as a cadet in 1970 was in the 21 year old vessel pictured. (As a reward to those that read through I will give the name at the end of… Read More
The EuroDredger450, a Cutter Suction Dredger with a discharge pipe diameter of 450mm built in the Netherlands, has been successfully launched and is now available for delivery. The Euro Dredger 450 is the first Cutter Suction Dredger resulting from the partnership between Dredge Yard and Neptune Shipyards in The Netherlands. Both companies joined forces to… Read More
Legislation slowly winding its way through Congress would fund long-awaited improvements to the nation’s aging waterways infrastructure, including replacement of three locks on the upper Ohio River. First, though, the Army Corps of Engineers has to finalize its Upper Ohio Navigation Study, which is 13 years and $17 million in the making. That should be… Read More
The Calcasieu Ship Channel drives Southwest Louisiana’s oil, gas and chemical industries. That means it drives Southwest Louisiana’s economy, said Port of Lake Charles Director Bill Rase. “Our area has over $40 billion in projects under construction to date — I don’t think a lot of people recognize that — and there’s a lot more… Read More
Bigger ships and more cargo flowing through the ports of Philadelphia and South Jersey should mean more jobs and greater economic activity when the Delaware River deepening project is completed next year, but the benefits may not be a slam-dunk for the region as expected. Fierce competition from other East Coast ports for an expected… Read More
A family-run business based in Sunderland has been tasked with manufacturing the largest ever excavator buckets to come out of the UK, in deals worth almost £2m. In November last year, Hi-Spec Manufacturing – a division of Birtley’s MST Parts Group – secured a £1.6m contract with a leading dredging company requiring four buckets for… Read More
On January 26, 2016, the 164-meter-long Ro-Ro Modern Express lost stability in heavy weather and was drifting towards the French coast in the Bay of Biscay. A team of dedicated salvage experts from SMIT Salvage were on the scene within 24 hours and were able to prevent an environmental disaster from taking place. This video… Read More
Most of the world’s ports require dredging works, be they capital dredging to enlarge and deepen access channels, turning basins and depth alongside or maintenance works to maintain these hard won margins for navigational safety. Dredging also provides sand and gravel for the creation of land for new port developments, such as the recently completed… Read More
For the third time since the oil discovery in Ghana, Takoradi Port has recorded more vessel calls than Tema Port, providing a rationale for the ongoing €357 million-dollar expansion project there. The port recorded 1,525 vessel calls in 2015 as against 1,514 calls at Tema Port, due mainly to the increasing number of vessels servicing the… Read More
We see major overhangs of supply in all three categories of vessel type, container, dry and liquid bulk. There is far too much tonnage chasing too little cargo as demand has evaporated and the result of that is that freight rates and charter rates are all sinking to rock bottom with no sign of relief…. Read More
I know, I know … it’s all easier said than done, but those who don’t keep up are almost guaranteed to be left on the beach looking at changing trades flows sailing to competing ports, or regions. A session on cybersecurity at a recent shipping conference that I attended has great implications for ports. The… Read More
The Port of New York and New Jersey will soon complete a multiyear $2.1 billion project to deepen its channel to 50 feet, enabling it to handle some of the biggest container ships afloat. But officials say the channel may need to be widened in certain locations to further ease the passage of the mega-ships… Read More
Banks and financial institutions (FI) are not keen to fund shipping and shipbuilding sectors, says the financial newspaper. “Banks are simply reluctant to lend (to this sector) on a long-term basis,” Mercator Ltd CFO Prasad Patwardhan has been quoted as saying. “Funding tenure needs to match dredging contract period, which is usually for 15-20 years…. Read More