Monday, July 06, 2015
   
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Low Freight Rates Forecast ‘For The Rest Of The Decade’

Goldman Sachs LogoOvercapacity and low fuel prices will see low dry bulk shipping freight rates for the rest of the decade or even longer, according to the investment bank Goldman Sachs.

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Huge Load Heads East

Dockwise VanguardThe world’s largest semi-submersible heavy transport vessel, the Dockwise Vanguard, sailed from Rotterdam on May 15 for Indonesia carrying the floating production, storage and offloading (FPSO) Armada Intrepid.

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Busy Birkenhead

Cammell LairdDuring the first four months of this year, the Birkenhead shipyard and marine engineering services company Cammell Laird docked nearly as many ferries for repairs as in the whole of last year.

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New UK Government Urged to Act

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Robert Goodwill MPIn 2013, the contribution of the UK maritime services sector, including the shipping, ports and business services industries, to the UK economy was £9.9bn according to a report from Oxford Economics, of London. The report said the sector directly employed a total of 239,200 people and the combined direct contribution of maritime industries to the Exchequer was £2.5bn.

Read more: New UK Government Urged to Act

   

Cruise Ship Wreck Moved for Final Demolition

Concordia DockedThe wreck of the cruise ship Costa Concordia was safely towed to the port of Genoa on May 12 to be dismantled.

The stripped wreck was towed from the port of Prà Voltri following the first stage of the wreck’s dismantling project that saw over 5,700 tons of materials removed from the ship so the wreck would have the necessary draft for the 10 mile journey, which took around 24 hours.

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First of New Series Enters Service

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Njord OdinIn April, the BMT Group, of Teddington, completed the sea trials of the Njord Odin, the first of a series of 26m windfarm support vessels for Njord Offshore.

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RMS Lusitania on the Mersey approaching the Liverpool landing stage in preparation for her maiden voyage on Saturday 7 September 1907 (From a painting by Robert G Lloyd, courtesy of Bill & Patti Young)