Navios Reports Q4 Results
Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2009.
Wärtsilä Slow Steaming Upgrade Kits
Wärtsilä has signed a contract with the German shipowner Jüngerhans, located in Haren (Ems), Germany, to refit two of its vessels with Wärtsilä Slow Steaming Upgrade Kits to cut fuel costs.
U.S. Navy Rescues Ship, Catches Pirates
According to a Feb. 23 report from Reuters, a U.S. Navy warship prevented an attack on a Tanzanian ship and apprehended eight suspected pirates in the process, the U.S. Embassy in Tanzania said.
Seakeeper New Rep Firm Commar Sales
Seakeeper has brought on ComMar Sales to handle the East Coast, South, Gulf Coast and Florida distribution of its line of Gyro Stabilization Systems. ComMar will represent Seakeeper in Alabama…
CEPSA Panama New Barge, Port of Cristobal
CEPSA Panamá, consolidated as physical supplier of marine fuel at both sides of the Panama Canal, set up a new barge at the port of Cristobal. The Panabunker-Once started operations Jan. 22 2009. The barge supplies the container terminal of Port of Manzanillo, all other port terminals along the Atlantic sector and the anchorage area of Port of Cristobal. The Panabunker-Once is a double-hull barge.
This Day in Coast Guard History – Feb. 24
1964- A U.S. Coast Guard ice skiff rescued 25 persons from an ice flow that had broken loose from the shore near Camp Perry, Ohio. A similar rescue took place almost simultaneously at St.
This Day in Naval History – Feb. 24
1813 - USS Hornet, Captain James Lawrence, captures HMS Peacock 1968 - Task Force Clearwater established in I Corps (Source: Navy News Service)
MHI Licenses 3rd Chinese Company
Mitsubishi Heavy Industries, Ltd. (MHI) and Zhejiang Yungpu Heavy Machinery Co., Ltd. (YUNGPU) in China's Zhejiang Province agreed last December on licensing of…
CMA CGM Service Resumes Through Haiti
Having been involved in the relief effort since the earthquake struck Haiti, the CMA CGM Group announced that it has resumed a regular service between Port-au-Prince and Kingston in Jamaica.
45 Tonne Bollard Pull ASD Tug Delivered
Soco (ex-Ulupinar VIII), the third of three newbuilding Robert Allan Ltd. design 45 tonne bollard pull compact ASD tugs, has been delivered by Sanmar Denizcilik Makine of Istanbul, Turkey to Caucedo Marine Services, Ltd. of Boca Chica, Dominican Republic. Caucedo Marine owns the sister-tug Haina which was delivered in 2008. The Soco will be fully operated by Remolcadores Dominicanos, owner of the sister-tug Nizao built last year.
Latest LNG Carrier for GDF Suez
According to a Feb. 22 report from Lloyd’s List, French energy group GDF Suez has taken delivery of its newest liquefied natural gas carrier, the 154,200 cu m GDF Suez Point Fortin.
Dockwise Results, Q4 & Full Year 2009
Dockwise Reported Financial highlights Q4 2009 Adjusted EBITDA of USD 42.1 million, with margin at 36% (Q3 2009: 43%); Net profit of USD 2.8 million before non-recurring items: Deal & financing
Newman Transocean CEO in March
Transocean Ltd. (NYSE:RIG) announced the effective date for Steven L. Newman to become CEO is March 1, 2010. As previously announced, Newman will succeed Robert L. Long, who is retiring as CEO.
World Finance Shipping Awards 2010
Over the last two years, credit markets have experienced contraction, deleveraging and reduced liquidity, and governments have taken highly significant measures in response to such events. The U.S.
MarineSTAR System for Oasis of the Seas
Royal Caribbean International’s Oasis of the Seas has completed her maiden voyage sailing from the STX shipyard in Turku Finland to Port Everglades in Fort Lauderdale Fla., to commence a series of winter cruises in the Caribbean. Measuring 361m in length and with a beam of 66m Oasis of the Seas carries up to 5,400 guests – some in split level loft style staterooms. To assist with berthing Oasis is…
USACE Port of LA Crude Oil Terminal
The US Army Corps of Engineers (USACE) published the Final Supplemental Environmental Impact Statement (SEIS) for development of a marine oil terminal at Berth 408…
Proposed Alaska OCS Exploration Findings
The Minerals Management Service (MMS) issued a notice announcing the availability of two Environmental Assessments (EAs) and associated Findings of No Significant…
Port Management Software,U.S. Market
German-based INPLAN GmbH, specialist in Port Management software, has entered a co-operation with Logistics and Port Management Americas LLC (LPMA), Needham, Mass., to develop the American market.
MOL Drills on Emergency Response
Mitsui O.S.K. Lines, Ltd. announced that the company has completed a practice drill based on the scenario of its training ship Spirit of MOL being involved in a collision, fire, and oil spill incident just off Manila on February 18. Following is an outline of the drill, which involved about 60 participants from the Tokyo Head Office and MOL Group companies. Beginning on the afternoon of Thursday, February 18…
Damen’s Stan Tug 1205
The development of the Damen Stan Tug range of workboats has a history that dates back to the formation of Damen Shipyards in 1969. In those early days, among the most important standard designs for serial production were the Pushy Cat and original versions of the Stan Tug. The Pushy Cat and the Stan Tug 1 were popular in the dredging and marine construction industries. The Damen Tugs & Workboats project…
