Britannia Bulk Holdings Announces Public Offering
Britannia Bulk Holdings announced that its initial public offering of 8,333,333 shares of common stock was priced at $15.00 per share to the public. To the extent…
Daewoo Shipbuilding Wins $520m in Contracts
Daewoo Shipbuilding and Marine Engineering Co., said it won shipbuilding orders worth a total of $520m from . Daewoo said in a filing to the Korea Exchange the orders…
Shortage of Ships May Complicate Call for Offshore Drilling
The New York Times reported that a shortage of ships used for deepwater offshore drilling may impede any rapid turnaround in oil exploration and supply. Slow growth in oil supplies…
Langh Named Maritime Counselor
Tarja Halonen, President of the , awarded an honorary title of Maritime counselor to Hans Langh on June 12. Langh, born in 1949, is a businessman from , who has been in the shipping business since 1980. Hans Langh was one of the founding members of the Shipowners’ association for smaller ships in foreign trade in 1986, which later became the Cargoship association. On June 1, the winds changed in the Finnish shipping business when Suomen Varustamoyhdistys…
Rotkirch Named Chairman and CEO of Grand Bahama Shipyard
Carl-Gustaf (Calle) Rotkirch, a 32-year maritime industry veteran, has been named Chairman and Chief Executive Officer of the Grand Bahama Shipyard, Ltd., effective August 1, 2008. In this capacity, Rotkirch will oversee all operations of the shipyard, which is one of the largest cruise ship repair facilities in the world; Grand Bahama Shipyard services more than 100 cruise ships, cargo vessels, tankers, and naval vessels annually.
Braemar Reports Interim Management Statement
Braemar Shipping Services reported at its Annual General Meeting, that freight rates have recently set record highs in the dry bulk market and wet chartering has…
Interview: John Doyle, Vice President - Government Affairs, Waterways Council, Inc.
John Doyle, Vice President - Government Affairs, Waterways Council, Inc., shares with readers of MarineLink.com his insights on key market drivers for the coming year. What legislative/political issue do you count as the most important for the marine industry in the next few years? JD: Returning to timely, cost-effective modernization of the inland waterway system is the most important issue facing the inland segment of the marine industry today.
TBS Takes Delivery of Two Handymax Bulk Carriers
TBS International Limited has taken delivery of the M.V. Canarsie Princess, formerly known as the M.V. Athinoula, and the M.V. Houma Belle, previously known as the M.V. North Star. M.V.
Aker Yard Mulls Bond Issuance
Aker Yards ASA is considering to issue bonds in NOK (1 and 3 years respectively) of minimum NOK 250 million and maximum NOK 1BN in each loan. The combined size for…
HITS Selects AMOS for Six Ships
(L to R) Taufani S. SpecTec Asia Pacific – Singapore won a contract with PT. Humpuss Intermoda Transportasi Tbk., (HITS) Indonesia to supply AMOS Business Suite solutions for six vessels, comprising four product tankers, a chemical tanker and a dry bulker, as well as the office site. There is an option for another seven ships, based on the successful implementation on the initial six. The project was officially kicked off June 2, 2008, and entailed a two-week Requirement Study into PT.
Panama Canal, Port of New Orleans Sign Deal
The renewed alliance between the Panama Canal Authority (ACP) and the Port of New Orleans – which has recently adopted a 2020 growth Master Plan of $1.04 billion, partially driven by the Canal’s expansion – will help spur investment, increase trade and promote the “All-Water-Route” (the route from Asia to the U.S. East and Gulf Coasts via the Panama Canal). During an official ceremony yesterday in Panama…
Wilh. Wilhelmsen opts out of Norwegian Tax Regime
The introduction of the new tonnage tax regime, which was approved by the Parliament (Storting) in December 2007, forces Norwegian ship-owning companies out of the previous system.
L-3 Klein Wins Port Security Deal
L-3 Klein Associates, Inc. received an order from the Los Angeles Harbor Department for multiple L-3 Klein System 5500 dynamically focused Multi-Beam Side Scan Sonar Systems. Harbor and Port Security professionals with the use of dual L-3 Klein Side Scan Sonar Systems are able to identify potential underwater threats, such as Improvised Explosive Devices (IED), to commercial shipping. Captain Michael Graychik of the Los Angeles Port Police said…
Four U.S. Flag Crewboats Sold
Marcon International, Inc. of Coupeville, Washington reported the sale of four U.S. flag, 110 x 24 ft., aluminum hull crewboats from Stanco Boat Rental Ltd. Panama. The four vessels, Milky Way, Brenda Lee, Twix and Kit-Kat are all being delivered promptly on their own bottom directly to the Buyer. Three of the vessels are sister-boats, built by Breaux Bay Craft in Loreauville, La., in 1979 and 1980.
Total Reaches LNG Deal with CNOOC
Total SA said it had signed an agreement with China National Offshore Oil Corp for the sale of liquefied natural gas to China. Under a heads of agreement, up to…
Multraship Takes Delivery of Tug
Salvage and towage company Multraship has taken delivery of its new multi-purpose Azimuth Stern Drive tug, Multratug 17, from the Vega Shipyard in Bandirma, Turkey. The vessel is 35.7 m loa, with a moulded beam of 11.50 m, and has a multi-role capability for harbor, escort and sea towage as well as full firefighting and salvage roles. It has FiFi 1 fire-fighting, salvage, escort towage and oil recovery notations, and is powered by two Caterpillar engines, delivering 70 tonnes bollard pull.
Man Crushed in Barge Incident
A 52-year-old Surrey man died after being crushed between two barges at a log sorting operation near Crofton, Canada.com reported. The accident occurred just before…
Hibernia South Deal to Follow Hebron Agreement
An agreement to develop the Hibernia South offshore oilfield should be complete this year, Premier Danny Williams said. More than a year ago, the Newfoundland and…
Interview: Jim McCarville, Executive Director, Port of Pittsburgh
Jim McCarville, Executive Director, Port of Pittsburgh shares with readers of MarineLink.com his insights on key market drivers for the coming year. If you could change or improve one policy in the federal government that affects your business's bottom line, what would it be? JM: The federal government, unfortunately, looks at transportation projects as stovepipes, failing to grasp that a decision to make or not make waterway improvements will impact other modes of transportation.
This Day in Naval History - June 18
1812 - U.S. declares war on Great Britain for impressment of Sailors and interference with commerce. 1942 - First African-American officer, Bernard W. Robinson, commissioned in Naval Reserve.
