Aegean Marine Petroleum Network Inc. (NYSE:ANW) announced that it has taken delivery of the Zakynthos, a 6,272 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is expected to be deployed to the company's market located in Gibraltar.E. Nikolas Tavlarios,
FloaTEC Singapore Pte Ltd (FloaTEC Singapore), an equal joint venture between Keppel FELS Ltd (Keppel FELS) and J. Ray McDermott (J. Ray), has signed a contract worth about $1b with the Papa-Terra Joint Venture, consisting of Petrobras and Chevron, to build and operate the P-61 Tension Leg Wellhead Platform (TLWP).
Star Bulk Carriers Corp. (NASDAQ: SBLK), a global shipping company focusing on transportation of dry bulk cargoes, announced it has entered into an agreement to sell the Star Beta, a 174,691 dwt Capesize vessel, built 1993, to a third party for a contracted sale price of $22m. The company expects to
The United Arab Emirates is an emerging force as a global maritime center. Since 2006 is has launched its ship registry, developed its extensive maritime resources, and experienced continued growth in every maritime sector.The UAE will be presenting a summit on environmental vigilance
Brunswick Corporation (NYSE:BC) announced that it will consolidate a portion of its aluminum boat production within its current manufacturing footprint as part of its ongoing efforts to be more agile and responsive to marine market demand."For the past several years, we have worked
As part of the National Shipbuilding Research Program’s (NSRP) core mission to reduce the costs associated with Navy shipbuilding and repair, the NSRP Executive Control Board has selected 14 new research and development projects for award, totaling approximately $1.2M. These projects will be executed
Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel.The Navios Antares, a 169,059 dwt Capesize vessel, was delivered
J. Ray McDermott will undertake fabrication and installation work for the P-61 Tension Leg Wellhead Platform (TLWP) in more than 3,871 feet of water, for the Papa Terra Joint Venture, consisting of Petrobras (operator) and Chevron. The overall P-61 project — comprising design, engineering,
Climate change is a global problem that requires real solutions. That's why the Government of Canada supports a proactive approach to achieve real environmental and economic benefits for all Canadians. The causes of climate change and its impacts on the environment and human health are now more understood.
SUNY Maritime College will present the College’s 5th Annual Conference on Cutting Edge Issues in Shipping, Tuesday, February 2, 2010, the “Tiv,” McMurray Hall, Maritime College, Throggs Neck, N.Y. Admission to the day-long seminar is free and it is hosted by the Maritime College
Wilhelmsen Ships Service is proud to announce that it has won the WCA (World Cargo Alliance) Best Partner Award - Middle East 2009.Wilhelmsen Ships Service has been a member of the WCA, a global network of independent international freight forwarders, since 2003. The company participated with representatives from their Middle East,
Zurich, a property and casualty insurance provider globally and in North America, announced that Steve Gillen has joined Zurich in a key new role as Global Head of Marine Claims. Effective immediately, Gillen will work closely with regional marine leadership and regional claims organizations to enhance
Wärtsilä reports sales success with its newly introduced Wärtsilä RT-flex82T low-speed engine. Orders for a total of 30 seven-cylinder Wärtsilä RT-flex82T engines have been received in recent months, including: - Six engines for VLCCs to be built by Dalian Shipbuilding Industry Co.
Some 2000 exhibitors and more than 50,000 trade visitors are expected to attend the 24th shipbuilding, machinery & marine technology, international trade fair hamburg (SMM 2010), from 7 to 10 September 2010.This event will attract exhibitors from 50 nations, including the major yards from the leading shipbuilding nations,
WIN Group, the Haitian conglomerate that owns and operates Terminal Varreux in Port-au-Prince, situated just five miles from the epicenter of the January 12 earthquake, and Seacor Holdings Inc. (NYSE: CKH) have launched an emergency response project to enable the crucial marine terminal to resume receiving
An estimated 513 billion barrels of technically recoverable heavy oil are in Venezuela’s Orinoco Oil Belt.This area contains one of the world's largest recoverable oil accumulations, and this assessment is the first to identify how much is technically recoverable (producible using currently available technology and industry practices).
By Vincent J. Foley- New York and Patricia L. "Pat" Goughan- San Francisco, of Holland & Knight.On December 22, 2009, the U.S. Environmental Protection Agency (EPA) announced that it had finalized the new emission and fuel standards for Category 3 marine diesel engines proposed last summer.
Trailer Bridge, Inc. (NASDAQ Global Market: TRBR), as part of the global relief effort for Haiti, contracted with the Military Sealift Command (MSC), the transportation provider for the United States Department of Defense, to provide one of its vessels in support of the U.S. government’s relief efforts in Haiti.
Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to extend the time charter for the Genco Muse, a 2001-built Handymax vessel, with Global Maritime Investments Ltd. for approximately 10.5 to 12.5 months at a rate of $17,750 per day, less a five percent third-party brokerage commission.
The Panama Canal Authority (ACP) released first quarter (Q1) operational metrics for fiscal year 2010. In Q1, Canal Waters Time (CWT), the average time it takes a vessel to transit the Canal (including waiting time for passage) significantly decreased. There also were increases in total transits and net tonnage.
Shipping company owner Peter Harren said declared the building of four specialized heavy lift vessels at Lloyd Werft in Bremerhaven “a grand achievement.” At the same time, Harren backed up the hope that Rüdiger Pallentin, Managing Director of the Lloyd Werft shipyard had expressed
Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) announced that it is expanding its Dominican Republic sailings from every two weeks to weekly. The company will provide this service utilizing its existing vessels that currently link the ports of Jacksonville, Fla., San Juan, Puerto Rico, and Puerto Plata, Dominican Republic.
In a highly volatile business environment, Liebherr’s Mobile Harbour Crane Division delivered satisfactory operational performance. In 2009, deliveries amounted to 74 Mobile Harbour Cranes and thus were 27% below those of the previous year’s period. In comparison the total MHC market including all manufacturers dropped ~40%.
KVH Industries (NASDAQ:KVHI) announced the successful activation of its mini-VSAT Broadband(SM) service in Africa. The latest step in the joint effort by KVH and ViaSat to offer a seamless global broadband network for vessels and aircraft, the new African coverage area is using the Telesat 11N satellite,
Wärtsilä has analysed its manufacturing footprint as announced in October. To adjust to the fundamental changes in the market Wärtsilä plans to reduce its manufacturing capacity. Wärtsilä also plans to move the majority of its propeller production and auxiliary engine production to China,
Braemar Shipping Services plc isued its Interim Management Statement in relation to the period since the six months ending 31 August 2009. The group has benefited from a dry bulk market which has been stronger than many expected during much of 2009, particularly in the latter part of the year.
Wrist Ship Supply, part of the Wrist Group, announced the acquisition of World Ship Supply, West Coast Ship Supply, East Coast Ship Supply and Karlo Corporation – collectively known as One Source North America - the largest ship supply organization in North America. The move represents the largest
Donjon Marine, Co., Inc., a global marine services provider based in N.J., announced that Donjon has added the 2,700 hp twin screw tug Sarah Ann (ex-June K) to its expanding tug fleet. The 78 by 26 by 10.5-ft tug, with twin CAT 3512B diesels and a nine-ft draft, was built in 2003 by A&B Shipyard, Amelia, La.
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, announced its intention to participate in a new project involving the formation of a company expected to invest in containerships over the next 12-18 months. Diana Shipping intends to invest $50m for a minority stake in the project,
Richard L. Furman, Esq., member of Carroll McNulty & Kull LLC (CMK) of New York, has authored “Cargo Transportation Security: Legislation and Regulation Through 2009,” a pamphlet published by Matthew Bender. The terror attacks on September 11, 2001, made clear the need
Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced that on January 8, 2010, it has sold the Navios Hyperion, a 2004 Japanese-built Panamax vessel with a capacity of 75,707 dwt to Navios Maritime Partners L.P. for $63m in cash.
Import cargo volume at the nation’s major retail container ports ended a nearly two-and-a-half-year streak of year-over-year declines in December and is on track to show gains through the first half of 2010, according to the monthly Global Port Tracker report released on Jan 11 by the National Retail Federation and Hackett Associates.
"I could not think of a better way to formally start the ‘Year of the Seafarer’ other than by commissioning a new training centre, such as the new branch of the Arab Academy in Port Said,” said IMO Secretary-General Efthimios E. Mitropoulos on Saturday, 9 January, as he formally
Diana Shipping Inc. (NYSE:DSX), a global shipping company specializing in the transportation of dry bulk cargoes, announced that it has entered into a time charter contract with Louis Dreyfus Commodities Suisse S.A., for one of its Panamax dry bulk carriers, the m/v Nirefs, at a gross charter rate of $21,
The U.S. Coast Guard's Director of Prevention Policy announced Thursday publication in the Federal Register of plans to cease broadcasting the North American Loran-C signal Feb. 8.As a result of technological advancements during the last 20 years and the emergence of the U.S. Global Positioning System,
Kohler Co.’s Global Power Group has named Jason Struthers as the new president of its Kohler Power Systems business. Struthers has assumed leadership and management responsibilities for Kohler Power Systems, which includes operations in North America and Asia. KPS Sales & Service — doing business in Europe,
According to a Jan. 7 report from Reuters, Indian shipbuilders are heading for another bleak year in 2010 amidst weak demand and prospects of order cancellations as the global economy struggles to emerge from a slowdown, analysts said. Bharati Shipyard remains a lone promising bet for investors on expectation
Almaco was contracted to deliver a complete turnkey project for cabins, corridors, galley, provision stores and refrigeration machinery for the latest newbuilding ferry vessel being built at Singapore Technologies Marine's shipyard for Louis Dreyfus Armateurs' subsidiary LD Lines. The contract was signed
Genco Shipping & Trading Limited (NYSE:GNK) announced that it has reached an agreement to enter into a time charter for the Genco Vigour, a 1999-built Panamax vessel, with Global Maritime Investments Ltd. for approximately 10.5 to 13.5 months at a rate of $24,000 per day, less a 5% third-party brokerage commission.
Drewry’s latest Container Forecaster indicates that the momentum of the industry has entered a new phase as financial aspects and implications seem to have become even more important than poor global demand and over-supply of ships, although clearly all are very inter-related.Neil Dekker,