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TBS Commercial and V.Ships form V.Ships Lasa Agencies

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.Trivedi, Group Managing Director of V.Ships Agency. The head office of V.Ships Lasa Agencies, in Rio de Janeiro, has an experienced team able to offer full support for all agency operations for all ship types and covering the full range of agency services from terminal operations including crew change and the management of admin/ legal requirements. The same high standard of service is available at all other ports in Brazil through a select range of trusted and specialised sub-agents. As part of V.Ships Agency and the TBS group, V.Ships Lasa Agencies has not only the agency skills necessary to handle the port operating requirements of all types of vessels, but also the approach that comes from fully understanding the needs of owners and charterers. V.Ships Lasa Agencies brings a depth of local knowledge to the table which, together with its global business vision, enables it to understand and satisfy the business needs of all customers.


Great Ship: Great Ships of 2003

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.


Eagle Bulk Shipping Acquires 26 Ships for $1.1B

(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


China Shipping Development to Buy Four Ships

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


Ship Management at Nor-Shipping 2009

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


New Ship EEDI & All Ships SEEMP Now in Force

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.


Knutsen OAS Shipping Leads Gas Shipping Charge

Knutsen OAS Shipping of Haugesund, Norway, is no stranger to international shipping circles, with roots back to 1896 when the founder of the Knutsen company bought his first vessel. Today, the company operates one of the most sophisticated and modern fleets of purpose-built shuttle tankers, chemical carriers and product tankers in the world, and is presently operating the largest fleet of purpose-built DP class shuttle tankers in the world.


Ship-to-Ship Wireless Broadband Tracking

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


U.S. Puts Clamps on Iranian Shipping Companies, Ships

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


Syrian Chemical Arsenal Due for Italian Port Ship-to-Ship Transfer

MV Cape Ray: File picture

The transfer of some 500 tons of Syria's chemical agents to the US special purpose vessel 'MV Cape Ray' will take place in the port of Gioia Tauro, reports Xinhua, citing a hearing before the Italian parliamentary commissions of foreign affairs and defence. The Syrian chemical arsenal aboard the Danish cargo vessel will be directly transfered to the U.S. ship MV Cape Ray through 60 containers and special equipment, and citing Minister of Infrastructure and Transport Maurizio Lupi


Mitsui O.S.K. Ship Ready To Leave Chinese Port

Baosteel Emotion

  Japanese shipping firm Mitsui O.S.K. Lines Ltd said on Thursday that its ship, the "Baosteel Emotion" 226,434 deadweight-tonne ore carrier, is ready to leave a Chinese port soon after it paid a Chinese court to release the vessel from seizure.


Wärtsilä Reports Healthy Ship Power Sector in Q1 2014

Engine control room: Image courtesy of Carnival

In its interim financial report January to March 2014 Wärtsilä notes healthy development in ship power and services offsetting challenges in power generation markets. Highlights of period January-March 2014 Order intake decreased 16% to EUR 1,142 million (1,352)


Court: Japan's Mitsui Paid to Release Ship

A MOL Handymax bulker, Zebra Wind. Photo: MOL.com

China Supreme Court says Mitsui pays about $29 mln; Ship released about 0030 GMT Thursday. Ship was seized over dispute dating back to 1930s. Advisor to plaintiffs says will likely demand more money. Japan's Mitsui O.S.K. Lines Ltd paid about $29 million for the release of a ship seized by


Mammoet Uses World’s Biggest Crawler Crane to Install Legs on Ship

Mammoet’s LR 13000 installs platform leg on Aeolus (Photo: Mammoet)

Mammoet, a global company in engineered heavy lifting and transport, said it is currently employing its LR13000, the biggest crawler crane in the world, to install four platform legs on Van Oord’s newest wind turbine installation vessel, the Aeolus.


Genco Shipping Files for Bankruptcy Protection

Image: Genco Shipping

Genco Shipping & Trading Ltd said it filed for prepackaged Chapter 11 bankruptcy protection after struggling with weak rates due to an oversupply of vessels. The drybulk shipper said it expected its operations to continue normally and did not require debtor-in-possession finance.


Grounded Navy Ship Repaired, Returns to Fleet

USS Taylor (FFG 50). Official U.S. Navy file photo

The Oliver Hazard Perry-class frigate USS Taylor (FFG 50), homeported in Mayport, Fla., successfully completed post-repair sea trials, April 21, the U.S. Navy reported. Taylor was operating in the Black Sea when she ran aground in Samsun, Turkey, Feb


EU Revises Ship Exhaust Gas Emission Monitoring Bar

File picture

EU shipowners say they applaud the European Parliament’s change of heart on the monitoring of CO2 emissions, lifting the bar of included vessels from 400gt to 5,000gt and above. Previously, the Environment, Public Health and Food Safety (ENVI) Committee of the EP had endorsed the decision


China's Japanese Ship Seizure has pre-WWII Roots

It all began with a pre-World War Two contract between China's then "ship king" and a Japanese company to lease two Chinese freighters. When the one-year lease was up in 1937, the ships were nowhere to be found. That year also marked the start of a full-scale war between China and


New Scheduled International Cargo Shipping Service

Photo courtesy of US Department of Transportation

The U.S. Department of Transportation’s Saint Lawrence Seaway Development Corporation (SLSDC) today joined the Port of Cleveland in announcing the launch of the Port of Cleveland’s Express Ocean Freight Service.  The new service will run between the Port of Cleveland and Antwerp


China's Seizure of Japanese Ship has Pre-WWII Roots

It all began with a pre-World War II contract between China's then "ship king" and a Japanese company to lease two Chinese freighters. When the one-year lease was up in 1937, the ships were nowhere to be found. That year also marked the start of a full-scale war between China and Japan


Ship as Lifeboat Concept Disputed by ICV

Rendering courtesy of Dockwise

A recent meeting at the National Transportation Safety Board in Washington, D.C. (attended by International Cruise Victims (ICV) Board representatives) discussed the new International Maritime Authority (IMO) policy of using “the ship as the lifeboat”


BIMCO: Positive Economic Developments Benefits Shipping

BIMCO.jpg

The recovery of the Eurozone continues as job creation returns across the region. The hiring of more staff indicates that manufacturing and service industries believes in a sustainable recovery where growth is picking up. Flash Eurozone PMI Composite is now at 54.0 (53.1 in March)


RINA Launches Notation for Eco-ships

RINA Logo 2013.jpg

International classification society RINA has launched a new voluntary notation to clearly identify new ship designs which meet eco-ship criteria. The Efficient Ship notation is granted to ships and new designs assessed by RINA to have  very high overall efficiency of engines


Global Shipping Exposed to Cyber Threats

Cyber Security Skull web.jpg

The next hacker playground: the open seas - and the oil tankers and container vessels that ship 90 percent of the goods moved around the planet. In this internet age, as more devices are hooked up online, so they become more vulnerable to attack


China Court Releases Japanese Ship After Payment

  A Chinese court said on Thursday that it has released a ship owned by Japanese shipping firm Mitsui O.S.K. Lines Ltd, which had been seized in a contract dispute, after the Japanese firm paid up. China's Supreme Court said in a statement


 
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