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Monthly Archives: May 2020

Norwegian Has Enough Cash to Stay Afloat for 18 Months

Norwegian Cruise Line Holdings Ltd’s $3.5 billion in cash on hand will be enough to bankroll the company for “at least 18 months” without any new revenue due to the coronavirus pandemic that has halted voyages, Chief Executive Frank Del Rio…
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Ruby Princess Reaches the Philippines

A cruise ship at the heart of Australia’s biggest coronavirus cluster arrived off the Philippines on Thursday to repatriate more than 200 crew, leaving behind weeks of outrage and acrimony over why symptomatic passengers were allowed to disembark.Just…...
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Vard Marine Names Carson CEO

Naval architecture and marine engineering firm Vard Marine Inc. announced Thursday that Wade Carson will succeed Dave McMillan as president and CEO upon McMillan's retirement on May 31.Carson has been with Vard for 18 years. For the past six…
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Vendors Sought to Inform Electric Ferry Design

Skagit County Public Works and vessel designer Glosten say they are seeking technical information and cost estimates from vendors to inform design decisions related to the electrical system, the propulsion system, the shore side electrical system…
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US Barging Industry Navigating Black Swan Events

The combination of the coronavirus pandemic and oil price freefall have affected most maritime markets, including inland waterway shipping. Looking at U.S. river transport in particular, the impacts of these two black swan events vary greatly…
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Port of Los Angeles 2020 Cargo Volume Down 15.5%

Cargo volume at the Port of Los Angeles is down 15.5% so far this year as the novel coronavirus upends economies around the globe, Gene Seroka, executive director of the busiest U.S. seaport, said on a webcast on Wednesday.April volume was down…
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