News & Events - Akam Adak Marine Trading FZC

Marine Link International News

Thu, 06 Aug 2020 16:02:03 Z

RDM Building New Catamaran for World Heritage Cruises

Australian shipbuilder Richardson Devine Marine is building a new Incat Crowther-designed catamaran due to be launched for World Heritage Cruises by the end of the year.The passenger vessel will be the eighth Incat Crowther vessel for the Tasmanian…

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Thu, 06 Aug 2020 15:37:28 Z

American Commercial Barge Line Names Ellis as CEO

U.S. inland barge transportation company American Commercial Barge Line (ACBL) has named Mike Ellis as the company’s new chief executive officer and a member of its board of directors, effective August 17, 2020.Ellis will take the helm following…

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Thu, 06 Aug 2020 13:06:18 Z

Ship Orderbook Shrinks to 17-year Low -BIMCO

The total orderbook for dry bulk, container and tanker ships has reached its lowest point in 17 years as COVID-19 has massively slowed contracting (-50%) while deliveries of new vessels have proved more resilient (-2%).The orderbooks for bulk…

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Thu, 06 Aug 2020 10:53:13 Z

Insurers Discuss Container Casualty Causes

Handling of steel boxes throughout the shipping, ports and logistics supply chain has historically grown exponentially, putting strains on a range of operational procedures and the physical hardware employed to handle the steel boxes, particularly onboard ships.

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Thu, 06 Aug 2020 10:38:23 Z

Container Losses in the Rolling Seas

Cargoes have come off ships at sea it seems like forever. Some years ago a ship suffered a casualty transiting the English Channel in a storm. Much of its cargo of lumber and other floating items washed ashore on the southwest English coast.

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Thu, 06 Aug 2020 08:08:55 Z

Euronav Posts Record Q2 Result, but Says Floating Storage Demand Dissipating

Belgian tanker operator Euronav reported record-high second-quarter earnings on Thursday but warned that floating storage demand had eased sooner than it expected.The company, which operates shipping and storage of crude oil, benefited from soaring demand for oil storage at sea as buyers struggled t

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Thu, 06 Aug 2020 07:12:57 Z

U.S. Sends First Crude Shipment to Saudi Arabia in Years

The United States sent a shipment of crude to Saudi Arabia in June, data from the U.S. Census Bureau showed on Wednesday, in what appears to be the first such delivery since the U.S. ban on crude exports ended in 2015.The United States shipped about 550…

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Thu, 06 Aug 2020 06:51:51 Z

ST Engineering Halter Marine and Offshore Upgrades 'Signet Warhorse II' Propulsion

Mississippi-based ST Engineering Halter Marine and Offshore has recently won a contract to retrofit new propulsion and maneuvering systems on an ocean towing tug, Signet Warhorse II, for Signet Maritime Corporation.The scope of work included…

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Thu, 06 Aug 2020 05:32:43 Z

How Technology Can Help Shipping Companies Recover from the COVID-19 Crisis

The global coronavirus pandemic has had a huge impact on society and on business. Working from home has become the new normal and many industries have quickly adjusted. But in an industry as traditional as shipping, this is causing a major shake-up…

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Thu, 06 Aug 2020 03:20:01 Z

Alaska Marine Lines Upgrading Its Rail Barges

Alaska Marine Lines says four of its rail barges will receive new piping and ballast systems designed by Glosten with installation by Meridian Marine Industries."The rail barges are hitting 20 years of service and were in need of some upgrades," explains John Maketa, T-115 Port Engineer in Seattle.

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