Linda Moran Delivered

Linda Moran left the shipyard; another milestone for Washburn & Doughty

Linda Moran is the first vessel delivered by the shipyard since a fire on July 11, 2008 destroyed the company’s main construction building. The Linda Moran was tied to the company’s barge when the fire broke out. Thankfully, due to light winds and local lobstermen who towed the vessel away from the barge, the Linda Moran survived undamaged. The Linda is a 121 x 36 x 18-ft. Intercon tug owned by the Moran Towing Corporation of New Canaan, Ct. The vessel is surveyed by the American Bureau of Shipping and complies with applicable SOLAS regulations. Linda Moran was designed by Ocean Tug & Barge Engineering Corp.

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New launch event set for Singapore Maritime Week

The Maritime and Port Authority of Singapore has scheduled a special Nautical Run to take place Friday 10 Oct as the official launch event for the Singapore Maritime Week ending nine days later.

The run, expected to attract over 1,000 participants, will be flagged off by Guest of Honour Minister for Transport and Second Minister for Foreign Affairs Raymond Lim, and will take place from 7.15am to 10.00am at East Coast Park. There will be both competitive and non-competitive run categories, with proceeds donated to charity. Full event listings for the Week includes the Seatrade Sustainability Seminar being held on the top floor the PSA Building on the morning of October 14.

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Bleaker outlook for containers, says analyst

Boston: World ocean container trade activity is increasingly reflecting the slowdown in economies other than the already-weak US economy, according to financial analysts Global Insight.

The body has revised downwards it near-term estimates of ocean container trade from the “already-weak volumes” forecasted for 2008 and 2009 on the back of what it calls the “accelerated deterioration in the economies of some of the developed countries in Europe and Asia”. “We have been concerned with the growing number of economic indicators for the European Union that point to a greater loss of consumer confidence than had been previously anticipated,” says Paul Bingham, managing director of Global Insight’s Trade and Transportation Group. “Indicators now suggest that the EU is headed towards recession. Industrial production in the Eurozone fell 1.9% in May, according to recent Eurostat data, the sharpest drop since 1992. In Germany, the government is warning that the economy could contract by as much as 1.5%, while both Italy and Greece have seen industrial production slump 6.2%. Major export destinations for which forecasts have been significantly raised upwards include Brazil, India, Indonesia, Malaysia, and South Korea.

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