Saturday, August 08, 2020
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orders for new ships fall to lowest levels in 2020

Dramatic Decline in 2020 Shipbuilding Orderbook, Increased Demolitions

By The Maritime Executive 08-07-2020 07:09:11

The economic impact of the coronavirus is taking a strong toll on the shipbuilding industry according to a new analysis from BIMCO. While the orderbook is at its lowest point in 17 years, BIMCO however reports that even with increasing demolitions fleet volumes are continuing to rise based on deliveries of existing orders. “Contracting activity has been quick to feel the effects of the pandemic with owners and investors showing little appetite for new ships,” says Peter Sand, BIMCO’s Chief...

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New US-Canada Aluminum Tariffs to Hurt Shipbuilders

By The Maritime Executive 08-07-2020 07:06:53

The United States and Canada are renewing their trade war over aluminum, a move that will directly impact the shipbuilding industry. While there is no specific information on how much aluminum is used by the shipbuilding industry, in 2016 Aluminum Insider estimated that shipbuilding used more than 1 million tons annually primarily of rolled aluminum. The latest trade war began on August 6 when President Donald Trump issued a proclamation saying that he was reinstating a 10 percent tariff on...

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hyundai

NC Ports Reports Year-on-Year Volume Growth, Record Earnings

By The Maritime Executive 08-07-2020 07:06:15

Despite the COVID-19 pandemic, the North Carolina State Ports Authority recorded year-over-year increases in traffic at the ports of Wilmington and Morehead City over the course of the last fiscal year, which ended on June 30. Most American ports have posted steep declines in traffic since February due to the coronavirus downturn, and that affected North Carolina's ports as well - but the overall annual result was still positive. NC Ports also set itself apart from its peers by setting...

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garbage

Photos: Sailing Cargo Vessel Recovers 67 Tons of Ocean Plastic

By The Maritime Executive 08-07-2020 06:06:28

The sailing cargo vessel Kwai returned to Honolulu on Wednesday with another giant load of ocean plastic, delivering 67 tons of ghost nets, bottles and other debris onto the pier. The haul adds to the catch she brought in during a previous trip in June, which resulted in the removal of a record-setting 103 tons of waste from the Great Pacific Garbage Patch - the largest open-ocean cleanup in history. The group behind Kwai's mission, the non-profit Ocean Voyages Institute,...

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Offshore

survey

Royal Navy Dispatches Survey Ship to Help Reopen Port of Beirut

The Royal Navy survey ship HMS Enterprise will soon get under way for Lebanon as part of a package of UK military support for Beirut's relief and reconstruction effort.  The ship will call at the port of Beirut to assess the damage from Tuesday’s explosion and help return the port to normal operations. The deployment of Enterprise will complement a broader package of UK military and civilian support, including $6.5 million in aid.  “At the request of the Lebanese Government...

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Shipbuilding

orders for new ships fall to lowest levels in 2020

Dramatic Decline in 2020 Shipbuilding Orderbook, Increased Demolitions

The economic impact of the coronavirus is taking a strong toll on the shipbuilding industry according to a new analysis from BIMCO. While the orderbook is at its lowest point in 17 years, BIMCO however reports that even with increasing demolitions fleet volumes are continuing to rise based on deliveries of existing orders. “Contracting activity has been quick to feel the effects of the pandemic with owners and investors showing little appetite for new ships,” says Peter Sand, BIMCO’s Chief...

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Training

midshipmen annapolis navy

COVID-19 Controls Put U.S. Naval Academy On Track to Reopen This Fall

[By Lt. Sarah Ermoshkin] It has been nearly a month since the first incoming freshmen, or plebes, arrived at the United States Naval Academy (USNA) to check in for their immunizations, vaccinations, blood draws, eyeglasses, and coronavirus (COVID-19) test. Following months of planning and coordination with Naval Health Clinic Annapolis Brigade Medical Unit, plebes have left their restriction of movement status after a second COVID-19 test and are now engaged in summer training. In previous years, nearly 1,200 plebes would...

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Business

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Marine Engineering Manager- South Florida

Are you a maritime engineer with leadership and management experience? We are seeking a Marine Engineering Manager to oversee the technical and personnel functions of a maritime engineering company located in South Florida. You will manage, mentor and grow the technical team, and perform impeccable work for clients.  We are seeking...

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