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First International

Stelmar To Resume Discussions With First International

Tanker operator Stelmar Shipping said it was ready to revive talks with Bermuda-based First International to buy six petroleum tankers once the latter is free of an ownership dispute. "Yes, we're there to talk again, and would be interested in talking again for sure," a top Stelmar official said. Stelmar and First International reached a $140 million deal for the ships last year but it fell through in October when First International became embroiled in a bitter legal dispute with a minor lender. The tanker fleet has since become ensnared in a fresh dispute, this time between First International and bondholders, which provided most of the $257 million to build the fleet. Stelmar listed in New York in February, with the purpose of raising funds to buy 10 products tankers from Osprey Maritime; a deal with First International would swell the fleet to 28. "It's no secret that Stelmar's in the business of growing its product tanker fleet, and assets like that are not always on the market," the official said. "We're going to have to start again, because we're a different company. We've moved on since then (the first deal)." Both First International and investment fund bond holders have asked a New York court to decide in coming weeks which of them controls the future employment of the six tankers.


Xtreme Delivers Fire-Rescue Boat to Taiwan

Xtreme Companies, Inc. manufacturer of mission-specific Fire-Rescue and Patrol boats, announced the delivery of its subsidiary 'First Responders Inc.'s' first ever international sale. The XFR.F.12 fire-rescue boat was delivered to Xtreme's Taiwanese distributor Shuanyi Industry Company LTDC two weeks ahead of schedule. Xtreme CEO Kevin Ryan stated, "It was extremely important for us to deliver our first international boat sale ahead of schedule. Shuanyi has


Conference on Light Weight Marine Structures

Navy-Vessel_web.jpg

The first international Conference on Light Weight Structures will occur September seven through 8, 2009, in Glasgow, UK. Cost savings is one of the criteria for successful structural engineering and transport application. The use of strong but light-weight members helps to achieve this in that the overall stress levels in a construction are reduced together with handling, manipulation and pay-load cost. These factors are important in such applications as ships


New ClassNK Surveyor Office in Cardiff

Nippon Kaiji Kyokai (ClassNK) announced the official opening of a new surveyor office in Cardiff, U.K. The new office becomes the fourth new office to be opened by the Society this year, following the establishment of new offices in Malaysia, Syria, and Peru earlier this month. The new Cardiff Office is also the Society’s fourth office to be opened in the United Kingdom joining offices in London, Newcastle, and Milford Haven


ACP Hosts International Maintenance Congress

The Panama Canal Authority (ACP) hosts the first International Maintenance Congress, focused on developing a business culture of profitability, maintenance & sustainability. Experts from United States, Chile, Costa Rica, Colombia, Mexico, Brazil, Uruguay and Panama participate in the 16, January 2013 congress held in the Ascanio Arosemena Training Center through January 18, 2013. The congress will develop three main topics: reliability and maintenance


Northwest America Ports Release (Draft) 2013 Clean Air Strategy

Draft Document: Courtesy of NW Ports

The Port of Seattle, along with the Port of Tacoma and Port Metro Vancouver, implemented the first international ports clean air program in 2008, & now releases their DRAFT 2013 strategy. Agency partners include U.S. Environmental Protection Agency, Puget Sound Clean Air Agency (PSCAA), Washington Department of Ecology, and Environment Canada. Named the Northwest Ports Clean Air Strategy, this collaborative program seeks to:


ILO Protocol on Seafarers' Conditions Sets International Legal Precedent

The International Labor Organization (ILO) campaign for minimum standards at work for seafarers has received an important boost with the forthcoming entry into force of two key international labor standards governing hours of work and the right to inspect ships. The 1996 Protocol to Convention No. 147* is set to make an international legal precedent as the first international instrument to allow countries to inspect ships purely because of concerns over seafarers' hours of work


Conference on Light Weight Marine Structures

The first International Conference on Light Weight Marine Structures will occur September 7-8 2009, in Glasgow, UK. Cost savings is one of the criteria for successful structural engineering and transport application. The use of strong but light-weight members helps to achieve this in that the overall stress levels in a construction are reduced together with handling, manipulation and pay-load cost. These factors are important in such applications as ships


U.S. Coast Guard Commissions RINA

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Genoa-based classification society RINA has been authorized by the U.S. Coast Guard to conduct plan review and approval and initial and subsequent surveys for U.S.-flagged cargo and passenger vessels. Under the agreement signed yesterday, RINA has received delegation for Load Line, SOLAS, MARPOL, ISM, and Tonnage survey and certification services. The MOA delegating authority and establishing guidelines for co-operation between the USCG and RINA was signed at Coast Guard Headquarters in


BC Port Vaunted as Future LNG Terminal

Kitsault Map: Photo credit Kitsault

Kitsault Energy names Kitsault as an ideal location for a deep-water LNG terminal north of Prince Rupert, British Columbia. Located 800 km (500 miles) north of Vancouver, British Columbia and 140 km (85 miles) north of Prince Rupert, British Columbia, Canada, Kitsault is a purpose-built resource community with complete community infrastructure and housing for more than 1000 residents. With nearly 350 acres of industrial and residential land, full BC Hydro service, and a deep water port


STEM: SeaPerch Underwater Robotic Championships

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University of Southern Mississippi Site for Fourth National SeaPerch Challenge – Underwater Robotic Championships Excitement continues to build for the Fourth Annual National SeaPerch Challenge, as 2014 will see the largest group of SeaPerch competitors ever to assemble and compete for the


ITU World Telecommunications And Information Society Day

World Telecommunication

  ITU World Telecommunications and Information Society Day - WTISD 2014, was celebrated on 16th May 2014 at the International Telecommunication Union (ITU) in Geneva to mark the signing of the first International Telegraph Convention in 1865 and the creation of the ITU


China Again Rejects Sea Dispute Arbitration

China on Wednesday rejected an arbitration tribunal's ruling giving it six months to respond to a case filed by the Philippines over disputed waters, saying it has no plans to take part. China claims almost the entire South China Sea, rejecting rival claims to parts from Vietnam, the Philippines


Titanic & the Launch of a Landmark Safety Agreement

Image: Public Domain

100+ years later, SOLAS still steering international maritime cooperation When the RMS Titanic made its debut in 1912, the ship epitomized everything new and advanced about shipbuilding and construction.  It was the largest ship of its day


ICTSI Acquires Control of Philippines' Port

International Container Terminal Services, Inc. (ICTSI) subsribe to shares giving it a 65% share in Hijo International Port Services Corp. International Container Terminal Services, Inc. (ICTSI), through its wholly- owned subsidiary Abbotsford Holdings, Inc


A Call for Transportation Management Upgrades

Gerald Hoppe As Vice President and Product Owner Gerald is responsible for SAP’s solution package offerings for Logistics, R&D and Manufacturing Lines of Businesses. He holds a Degree in Computer Science & Business Administration from University of Mannheim.

Reduce the Headaches: The Need for an Upgraded Transportation Management System In 2009, the United States alone shipped more than 2.2 billion pounds of goods such as coal, crude materials like wood, sand and gravel, and primary manufactured goods (United States Census Bureau)


Nominees Announced For Three Nor-Shipping Awards

Rainer Sternfeld (top left), Christoffer Thorsheim (top right), Tor M. Østervold (bottom left), Styrk Bekkenes (bottom right)

Nor-Shipping announced the nominees for the 2013 Nor-Shipping Awards which recognize achievements in three different areas – energy efficiency, innovative ship design and young entrepreneurship. HRH Crown Prince Haakon of Norway will present the awards when they are announced at the Opening


U.S. Water Treatment Specialists Establish European Base

Michael Smith

Produced Water Absorbents, Inc., (PWA) of Ohio, U.S., expanded its global footprint, choosing Aberdeen to locate its first international entity, PWA Europe Ltd. The environmental oilfield service provider was incorporated in June 2011 and has its global headquarters in Wooster, Ohio, USA


Fjord Wins Nor-Shipping Environmental Award

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Rolls-Royce congratulated the Norwegian Ship Owner and Ferry operator Fjord Line on the environmental efficiency award presented to the two passenger ferries Stavangerfjord and Bergensfjord during the Nor-Shipping exhibition in Oslo. The two ferries will be the first international service


White & Case Publish New Marine Industry Report

Global law firm White & Case LLP announced the availability of a new report, "Restructuring & Beyond: The marine industry's routes to safety." The report focuses on survival strategies for those affected by the industry's downturn as well as emerging opportunities for companies


AAIB Granted License to Operate in Somalia

William Wakeham

Regional insurance brokerage and risk management company AAIB first to be granted license to operate in Somalia as economic opportunities drive demand. Regional specialist in broking, risk management and consultancy Anglo Arab Insurance Brokers (AAIB), has broadened its footprint


U.S. Pacific Fleet Commander Reaffirms Rebalance Commitment

Adm. Harry B. Harris Jr., commander of U.S. Pacific Fleet, speaks about the Fleets role in Americas rebalance to the Indo-Asia-Pacific at a Kokoda Foundation conference. Harris stressed the importance of strengthening economic, diplomatic and military cooperation among the United States and allies to ensure regional stability, peace and prosperity. (U.S. Navy photo courtesy of the Kokoda Foundation)

The commander of U.S. Pacific Fleet reaffirmed America's commitment to the Indo-Asia-Pacific rebalance during a keynote speech in Canberra, Australia, October 31. In his first international trip since assuming command on October 16, Adm. Harry B. Harris Jr


China Chooses Xian as Nation's First International Hub Port

China logistic network: Schematic courtesy of Xian Hinterland International Transit

Shaanxi province plans to build China's first hinterland international intermodal transit hub port to link the overland international freight route [see map] which they dub a new 'silk road', reports Xinhua. The proposed Xian Hinterland International Transit Hub Port will focus on international


Joint Effort Pioneers Large LNG Containerships

Photo: UASC

United Arab Shipping Company (UASC) will expand its fleet with new super-efficient container vessels, prepared for “dual fuel” through a later LNG Fuel Gas Supply System (FGSS) retrofit after the delivery of the vessels. Through a technical cooperation with Japan Marine United


Aberdeen Conference Examines Human Risk

Risk management experts from around the world will gather in Aberdeen on March 5 for a conference that will set the agenda for dealing with the issue and impact of human risk in the oil and gas industry. The first international conference of its kind in the world and proudly organized by SPE






 
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