Little more than 12 months ago newbuilding prices had been drifting down steadily for more than a year and some industry analysts were warning that soft ship prices could be here for some time.
Simultaneously, the closure of some yards were more than offset by the opening of new ones, particularly in China, while improvements in productivity were constantly adding capacity.
Some brokers and industry analysts were warning of surplus capacity, not just in containerships. but in the Aframax, Suezmax and 45.000 dwt products carrier range.
What a difference a year makes.
Today the picture is radically different.
The container, tanker and bulk carrier markets are all buzzing, with certain sectors of the dry bulk market reaching record levels, beyond most owners' wildest dreams. The world's shipyards Contact us for your custom marine travel solution.
1.888.841.5577 w w w . t s u - n e t . c om Visit us at the Seatrade Cruise Shipping Convention Miami, FL - March 15-18,2004 Booth #1636 200 Golden Oak Court Suite 120 Virginia Beach, VA 23452 email@example.com 1.888.841.5577 Rachel Pitt Sales Representative Travel Services Unlimited is a leader in innovation and expertise in the marine and offshore travel industry. Last year alone, we moved over 50,000 crew members and marine personnel around the globe - where they were needed - when they were needed.
Our unique global marine rates give us the leading edge to serve cities from Mumbai to Dubai.
Johannesburg to Djibouti Savannah to San Francisco and all around the globe.
We currently serve one of the largest global shipping companies in the world by moving their personnel throughout the world.
We offer great rates, greater service.
Let us tell you about it.
are full, almost without exception, for the next three years and some builders are now taking orders for 2007 delivery.
New ship prices are rising dramatically (see table) and the markets are so buoyant that there are few re-sales available.
Secondhand vessel values are spiralling, with some buyers prepared to offer over the odds just to secure the tonnage they want.
There are significant new ship price rises in both the dry and liquid sectors.
But it is the increase in the cost of Capesize units that is the most dramatic.
Fuelled largely by Chinese demand for iron ore and coal, Capesize charter rates have climbed to unprecedented levels, pushing up both new and secondhand prices too. Newbuilding brokers believe it is only a matter of time before the price tag for a new Capesize will start with an almost incredible five.
However, shipbuilders may not have it all their own way. Iron ore prices are climbing, which could soon manifest into rising steel prices.
greatly reduces downtime and minimizes interruption to ship operations. Enhanced manoeuvrability is also particularly important for cruise ships. GE’s Marine Solutions is currently partnering with shipbuilders to design the next generation of marine propulsion ”pods,” targeting improved fuel efficiency and
Neumühlen 9 22763 Hamburg/Germany Tel: (713) 895-1449 Email: firstname.lastname@example.org Website: www.marine.cat.com Managing Director: Nigel Parkinson The Company: Caterpillar Marine Power Systems brings together all the sales and service activities for Cat and MaK branded marine products within
largest garbage depot, as inadequate or nonexistent waste management systems – particularly in coastal and island communities – enable massive patches of marine debris to form around the globe. In an effort to end this process ashore and in the seas, German entrepreneur and shipbuilder Dirk Lindeau, backed
;s Fleet One Service. And, satellite communications integrator Network Innovations was the conduit that made it happen.Case StudyDunlap Towing Company, a marine transportation services provider for almost a century, offers towing and assist services throughout the Puget Sound, along the Pacific Coast into Canada
Bulkfleet, Inc., the Texas-based marine company that introduced heavy fuel-burning deep-notched vessels to the United States, has consolidated its interests, including a first-class passenger cruise line, under the name Signet Corporation, J. Barry Snyder, president and chief executive officer
Trite as it may be, time is money, especially in the high-end cruise market that depends on millions of tourists spending ample sums of cash onboard today's floating cities. A cruise ship out of action can quickly translate to millions in lost revenue, not to mention the public relations black eye.
the ship’s bow, measures wind, water temperature, temperature and relative humidity, barometric pressure,takes reading from the GPS receiver and then sends marine weather from wherever the vessel goes. Paul Hill, Sales Manager for JouBeh Technologies, told MarineNews, “JouBeh supports AXYS Technologies as their
Breaking new ground: the all-electric, zero-emissions Future of The FjordsNorwegian cruise vessel offers amazing tourist experience while protecting fragile UNESCO World Heritage environmentFuture of the Fjords, the world’s first all-electric and completely emissions-free ship, launched in April this year
The Company: Master Marine has provided excellent marine repair and new construction services for over 55 years to all marine sectors. Equipment includes one 750-ton floating dry-dock (152’ x 46’) inside the wing walls and one 220-ton Marine Travel lift for servicing inland and offshore commercial companies
respiratory and hearing protection, as well as ergonomic and other safety products for years, introduces the 3M Health and Safety Services Program. 3M Marine is introducing a series of new health and safety programs that offer medical testing and training to the marine industry. These programs help increase
40 percent of ATPI’s business is in oil and gas. (As published in the October 2015 edition of Maritime Reporter & Engineering News - http://magazines.marinelink.com/Magazines/MaritimeReporter)
Phone #Page#Advertiser Website Phone # 55Advanced Mechanical Enterprises .www.amesolutions.com . . . . . . . . . . . . . . . . .(954) 764-2678 C3KE Marine / Worldwide Diesel . . . . .www.kemarine.com . . . . . . . . . . . . . . . . . . . .(904) 354-6566 69Allied Systems Company . . . . . . . . .www.alliedsyste
MR Professional www.MaritimeProfessional.com Technology Associates, Inc. Bringing Engineering to Successful Fruition ? Naval Architecture Services ? Marine Engineering s
REPORTER. A quick-reference readers’ guide, it includes the names and addresses of the world’s leading manufacturers and suppliers of all types of marine machinery, equipment, supplies and ser- vices. A listing is provided, at no cost for one year in all issues, only to companies with continuing advertising
?|?| INTEGRATED MEDIA KIT When it comes to Marine Marketing, One size does not?WDOO Monthly Network The Maritime Audience: 729,265 Source: Google Analytics Media Network ,W?VDELJLQGXVWU\DQG\RXUFOLHQWVRXUUHDGHUVKDYHVSHFL?FLQWHUHVWVZKHQLWFRPHV to their professions and their information needs.
Kingdom 11 Seawork is open for business – all year Reserve now for 2020. Make the most of marketing & PR support from Seawork and our leading commercial marine magazines, in print, online, eNews and via social media. NABRICO NABRICO sought to deliver both innovation and new standard of winch safety in the
? %RDW/,)(DGLYLVLRQRI/LIH,QGXVWULHV proud manufacturers of boat sealants, cleaners, compounds, waxes and epoxies, is now celebrating 60 years in the marine industry. With a longstanding reputation for quality, affordability, and trust, we are pleased to serve various marine industries on an ongoing basis
P PRODUCTS HEAVY LIFT & DECK MACHINERY Cimolai Technology Heavy Lift to Assist Shipbuilding Operations Images: Cimolai Technology imolai Technology Spa, the a span of 60 m and height of 60 m and Cimolai Technology Spa has been also lifting platform or used independently Italian company specialized
V VESSELS and the 18th built as part of the teaming USS Delaware (BB 28), which was de- 2013. The submarine was christened by VLCC with New SOx agreement with General Dynamics Elec- livered by Newport News in 1910. Jill Biden, the former Second Lady of Scrubber Delivered tric Boat. More than 10
V VESSELS PATROL CRAFT Damen Patrol Vessels for Offshore Nigeria amen recently delivered a companies. Features of the 33m vessels four weeks and travel 1,200 nm in and ity and cost effectiveness to the bene? t pair of FCS 3307 high-spec include Damen’s trademark Axe Bow around Nigeria’s coastal and
and aft on the main deck. Length, o.a. 148 ft./45.1 m of Kilimanjaro VII, a 45m catamaran passen- Length Waterline 140.7 ft/42.9 m ger ferry for Azam Marine of Tanzania, Africa. Beam o.a. 37.7 ft./11.5 m This vessel is the tenth vessel designed by Incat Draft (hull) 5 ft./1.5 m Crowther for the operator
gulf. i hldi fh A naming ceremony was held in Kumamoto Prefecture at the The same year, Sovcom? ot was awarded ? rst prize at Ariake Shipyard of Japan Marine United Corporation for a new the International Competition of Scienti? c, Technical and VLGC (very large gas carrier) that NYK will charter under
Show 2019 December 4-6 the dice and hope for the best when it www.macgregor.com Meet MacGregor at Stand 1329 comes to homegrown medical certi? - www.marinelink.com 77 NEW 74 77.indd 77 11/7/2019 4:12:19 P
M MARITIME MEDICAL CREW CARE Crew Care: Managing Mariner Medical Care By Joe Keefe he competent authority shall as the population on shore enjoys. But, the embarking any mariner, a trusted 2012. There are several key aspects to require that, prior to begin- that’s not always the case. In case of
E EMISSION REDUCTION TECH FILES Schottel Propulsion for Emission-Free Push Boat The agreement between Wärtsilä and Norsepower will pro- mote the use of Rotor Sails & support sustainable shipping. Wärtsilä, Norsepower Sign Agreement The technology group Wärtsilä and Norsepower, a provider of low maintenance
costs. offering exceptional ? exibility and the charged into the atmosphere, allowing a bene? ts including a customized ? exible The ENVI-Marine system really is at the very best 360-degree solution for IMO ship operator to continue to use HSFO shape, an eco-friendly footprint and at- forefront
and in terms of GHG emis- sions. The author of the report, Dr. Lind- stad, concluded that the use of HSFO with scrubbers offered the most bene? ts to marine and port environments and, as a result, human health. A scrubber is an EGCS which is ? tted to the outlet of a ship’s engine to clean Paci? c
S SHIPMANAGEMENT FLAG “As a shipping company that is part of an oil company, our pri- mary role is managing marine risk, our secondary role is trans- porting oil.” Steve Herron, GM of Fleet Operations, Chevron Shipping Photo: Chevron and develop. A certain trust has devel- tal regulations adopted by the
company, our Open dialogue between Chevron and Herron highlights the importance of ron has seen his fair share of operators primary role is managing marine risk, the BMA not only helps ensure align- working with a Flag that not only has using ? ags for ? nancial bene? ts. While our secondary role
VOICES BORIANA FARRAR, VP, SENIOR CLAIMS EXECUTIVE & COUNSEL, AMERICAN P&I CLUB Boriana enjoys giving back to the community which has sup- ported her throughout her ca- reer, pictured here with Martin Davies, the head of the Admiralty Law Center at her alma mater Tulane Law School, where she recently
for New IMO 20/20 rules coming in January 2020 me,” she said. Finally, she serves on the board of have created a great deal of uncertainty among MICA – Marine Insurance and Claims Associa- shipowners in regards to the best technical and tion, “a really a wonderful organization as to pro- business solutions
VOICES NICK BROWN, DIRECTOR OF MARINE AND OFFSHORE, LLOYD’S REGISTER what we believe will be prototype ves- LR research suggests that the cheap- as weather routing but these can only Digitalization has also enabled LR to sels, contracted and constructed in the est zero carbon fuels are going to be go
VOICES NICK BROWN, DIRECTOR OF MARINE AND OFFSHORE, LLOYD’S REGISTER 5 minutes with LR’s Nick Brown By Greg Trauthwein “LR research suggests that the cheap- est zero carbon fuels are going to be at least double the price of fuels today.” Nick Brown, Lloyd’s Register Photo: Lloyd’s Register To kick things
joint connection concept in the in- ect stakeholders Eneco and Heerema basin. Moreover, the cranes’ booms have Seaway Heavy Lifting) and DEME dustry. Marine Contractors in 2016. The concept been upgraded with a 20-meter boom Group for their views, but neither com- The DOT wind turbine had already is
at the Danish Document liner condition in 15 minutes only with the ® National test center for large wind tur- new Liner Condition Camera (LCC) from Chris-Marine . bines in Oesterild, Denmark. The ? rm No need to remove cylinder cover or exhaust valve housing! expects the turbine to be commercial by 2022