High Shipping Costs Are Here to Stay, Says Bloomberg
By Henry Ren (Bloomberg) Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers....
Earlier this month a floating dock weighing 11,000 tons was loaded onto the deck of the semi-submersible heavy lift ship Dockwise Vanguard for transport to Klaipeda, Lithuania.
The loading operation lasted about 11 hours and took place at the Adriatic Shipyard Bijela in Montenegro, beginning the 3,825-mile journey to its new home Lithuania.
The 235-meter-long and 53-meter-wide floating dock was acquired by BLRT Group in June 2016 and will be installed its Western Shipyard in Klaipeda, where it will be the largest of its kind in the Baltics.
Dockwise Vanguard is the world’s most capable heavy-lift vessel with a deadweight of 117,000 tonnes. It is built with an open deck that allows it transport all sorts of large structures such as floating offshore oil and gas platforms.
“The dock will be the biggest dock in the Baltic countries and will open up new opportunities for ship owners and shipyard to carry out repair and modernization projects on Panamax-type ships,” said Arnoldas Šileika, Western Shipyard’s Director General.
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