The U.S. Treasury Department yesterday said the United States is imposing additional sanctions on Iran’s nuclear and ballistic missile proliferation networks, and is also taking additional steps to prevent the evasion of sanctions by publicly identifying a group of Iranian front companies and banks. “Iran today is under intense, multilateral sanctions pressure, and we will continue to ratchet up the pressure so long as Iran refuses to address the international community’s well-founded concerns about its nuclear program,” said Treasury Under Secretary for Terrorism and Financial Intelligence David S. Cohen. “Today’s actions are our next step on that path, taking direct aim at disrupting Iran’s nuclear and ballistic missile programs as well as its deceptive efforts to use front companies to sell and move its oil.” Continuing the effort to target Iran’s nuclear and missile proliferation activities, the U.S. Departments of the Treasury and State are today designating 11 entities and four individuals under E.O. 13382. As described in more detail in the accompanying Fact Sheet, many of the individuals and entities designated are part of a network of proliferators headed by Iran’s Ministry of Defense for Armed Forces Logistics (MODAFL) and its subsidiary, Aerospace Industries Organization (AIO)
IMO inform that regulations to improve the energy efficiency of international shipping entered into force 1, January 2013. The EEDI is a non-prescriptive, performance-based mechanism that leaves the choice of technologies to use in a specific ship design to the industry. As long as the required energy-efficiency level is attained, ship designers and builders would be free to use the most cost-efficient solutions for the ship to comply with the regulations.
V.Ships Agency and TBS Commercial Group are pleased to announce the formation of a Joint Venture in Brazil called V.Ships Lasa Agencies. The new JV, which combines the extensive 'local knowledge' of the LASA network in Latin America with the worldwide agency expertise of V.Ships Agency, will afford existing and future customers a new level of excellence in agency services throughout Brazil. This JV agreement was signed by Alberto Morales Managing Director of LASA Group and Rishi.K
Mediterranean Shipping Co had exercised an option with Alstom for a second 793-cabin cruise liner to be delivered in 2004. Although Alstom declined to give the value of the contract, industry sources put the value of the liner in the region of 300 million euros ($279.1 million). The company’s Alstom Marine unit now has 11 cruise ships in its order book.
Great Ship: MSC Linzie Ship Owner Mediterranean Shipping Co. S.A. Ship Builder Hanjin Heavy Industries & Construction Ship Type Containership MSC Linzie is the first vessel of a new vessel type developed and designed by Hanjin which adopts the new Panamax length design of 294.05 m. Apparently the design series and Hanjin's well-established reputation in this niche has proved attractive, as the company has, to date, logged orders for 24 ships of the new design.
Miami Man Convicted for Obstruction of Justice and False Statements for Certifying Ships Safe for Sea. A federal jury in Miami yesterday convicted a Miami-based ship surveyor for lying to the Coast Guard and for falsely certifying the safety of ships at sea, announced Ignacia S. Moreno, Assistant Attorney General for the Environment and Natural Resources Division at the Department of Justice; Wifredo A. Ferrer, U.S. Attorney for the Southern District of Florida; Rear Admiral William D
(Photo courtesy of www.eagleships.com) Eagle Bulk Shipping, Inc. (Nasdaq:EGLE) has agreed to acquire a fleet of 26 Supramax vessels for $1.1 billion from the parent of Anemi Maritime Services, a private Greek shipping company. The transaction is subject to completion of customary documentation and closing conditions. "This accretive transaction leverages management's strong industry relationships and reaffirms our commitment to the Supramax asset class
According to a Reuters report, China Shipping Development Co. said it would buy four very large ore carriers (VLOCs) from Chinese shipbuilders for $400m to develop its ore import business. Each ship will have capacity of 230,000 deadweight tonnes, said the company. It said the purchase would be funded from the company's own resources or through bank loans. Last month, China Shipping Development said that in another deal, it would buy four large iron ore carriers for $460m
As one of the many events taking place at Nor-Shipping 2009, the Fourth International Ship Management Summit features key industry players in a programme conceived to address how the global financial crisis will shape the ship management and operations in years to come. In an industry characterized by declining freight rates and intense competition for cargoes, shipowners are trimming costs, putting pressure on ship managers to offer more affordable services
Broadband Antenna Tracking Systems, Inc. (BATS) has successfully demonstrated an industry-first ship-to-ship wireless broadband communications tracking system integrating its BTS-2500 units with two wireless broadband radios. The demonstration was conducted on the Sea of Marmara for a customer that is seeking a cost-effective communications tracking system with high bandwidth and low latency that can cover great distances for its fleet of ships
Hours prior to the rule's scheduled expiration, the Obama Administration decided to uphold the Ship Strike Rule – an important development in the ongoing efforts to protect endangered right whales. 'The Final Rule to Reduce the Threat of Ship Collisions with North American Right
In a bid to assist all sectors, China is to increase cash subsidies for scrapping obsolete ships by 50 percent to help cut over-capacity and emissions, reports Bloomberg. The government will grant 1,500 yuan ($247) per gross ton for shipping companies to replace obsolete ships
The four-day conference program scheduled March 10-13, 2014, at the Miami Beach Convention Center, for the 30th annual Cruise Shipping Miami is to feature four thematic "tracks" for 2014, as follows: "Ship and Ship Operations"; "Global Geography of Cruise Tourism";
Classification society has released its second version of the Guidelines for Gas Fuelled Ships. This updated version reflects the requirements for the design of natural gas fuelled ships based on the outcome of discussions held at IMO regarding the International Code of Safety for ships using
Alfa Laval has won an order to supply its PureSOx exhaust gas cleaning systems (EGCS) to 5 ships in the fleet of the Dutch ship owner Spliethoff. Delivery is scheduled for 2014. The manufacturer's say that they delivered their first PureSOX exhaust gas cleaning system to Spliethoff in 2012
The missile range instrumentation ship 'USNS Howard O. Lorenzen' (T-AGM 25) successfully completed its final contract trials (FCT) in San Diego. FCTs, run by the Navy's Board of Inspection and Survey (INSURV), mark the final review in a series of post-delivery tests and trials exercising all
The US Coast Guard (USCG) inform it has extended the comment period related to proposed new measures to reduce the risks of oil spills in oil transfer operations from or to a tank vessel. The original deadline for feedback to be submitted to the online docket via http://www.regulations
Kuwait Oil Tanker Company (KOTC) has put into service a new VLCC and named another as part of a strategy aimed at increasing its tankship fleet to 30 by the end of 2014, reports the Kuwait News Agency. KOTC Chief Executive Officer Sheikh Talal Al-Khaled Al-Ahmed Al-Sabah inaugurated the enormous
L&T Construction has won new orders worth `1471 crores across various business segments in November & December 2013. In Power Transmission & Distribution Business, orders valued `686 crores have been received in both domestic & international markets.
Wärtsilä say they are to supply their Wärtsilä X92 main engine for a series of four Post Panamax 9000 TEU container ships (with options for a fifth) to be built for the Ciner Group, based in Istanbul, Turkey. Each vessel will be powered by an 8-cylinder Wärtsilä
Secretary of the Navy Ray Mabus has spelled out in a memorandum his expectations for the review and audit of procedures, administration, and performance of all husbanding and port services contracts. "Back in September, I directed a complete review of our husbanding and port services
Ocean carriers have a pool of surplus 8,000-10,000 teu vessels looming ahead unless some thinking ‘outside of the box’ is behind recent newbuild orders, considers Drewry Maritime Research in their latest 'Container Insight'. Supply side
Part I: Shipping In Ice For as long as men have traveled and traded by water-routes, ice has been a nemesis for ships and their hulls. And with good reason since, on average, sea ice covers about 25 million square kilometers (9,652,553 square miles) of the planet—amounting to about
Hamburg-based Hybrid Port Energy GmbH, has awarded a building contract to Shipbuilding and Machinery of Komárno, Slovakia to build the world’s first LNG Hybrid Barge to supply low-emission electrical power to cruise ships in port.
The issue of stowaways is one which has existed ever since vessels began to trade. Although the number of people attempting to gain free passage to another country has varied significantly over the years, the problem still remains, says the West P&I Club in a recent loss prevention bulletin