The container and RoRo fleets of the established carriers serving Alaska, Hawaii and Puerto Rico are aged. While none of these trades is experiencing rapid growth, the involved vessels are expensive to operate and increasingly expensive to maintain.
Lean times call for "leaner" boats and what better to employ than Lean Shipbuilding, which is known as a proven approach that shipyards can use to improve shipbuilding efficiency. It has the advantages of reducing defects while remaining responsive to change.
Few marine incidents have vexed the collective international marine community as much as the recent situation with the damaged product tanker Castor, a ship, which experienced a near fatal deckplate crack in mid-voyage and then was denied safe
To characterize the business of carrying oil aboard tankers of any size or route as stable — would be foolhardy at best. But as curious as the market's undulations may appear to those on the outside, it is in fact the market's instability that serves as stability.
Congress discontinues the credit insurance program relied upon by U.S. shipowners for more than 65 years Title XI Credit Insuranee Discontinued When the Conference Report for the Omnibus Spending Bill, which provides funding for the federal government through September 30,