Concordia Maritime Finances Suezmax
Concordia Maritime has now secured financing for the newly ordered Suezmax tanker Stena Supreme. The vessel, which will be built by the South Korean shipyard Samsung, is set for delivery in Q2, 2012. The financing, which will be jointly provided by the banks SEB and DnB NOR, amounts to approx. 70% of the investment and has a currency of seven years. The vessel is part of a series of seven tankers designed by Stena Bulk and ordered in March 2010.
AWO Hails New Deadlines for Towing Vessel Inspection Regs
The American Waterways Operators (AWO), the national trade association for the tugboat, towboat and barge industry, hails the enactment of provisions in the Coast Guard Authorization Act of 2010 (P.L.
MarineNews Insights with James Stark of GICA
MarineNews spoke with Jim Stark, Executive Director of the Gulf Intracoastal Canal Association (GICA) about his background in the industry, current projects on the canal, issues facing GICA’s nearly 250 members and his goals for the organization. Can you describe your background and how you came to be Executive Director for GICA? I spent 28 years in the Coast Guard. I’m a commissioned officer and have served all over the country including a considerable amount of time on the Gulf Coast.
Davie Yards Continues Restructuring Process
Davie Yards announced today that it has obtained an order from the Québec Superior Court extending the stay of proceedings ordered by the Court to January 21, 2011…
Navios Maritime Takes Delivery of Capesize Newbuild
Navios Maritime Holdings Inc. (NYSE: NM), a global, vertically integrated seaborne shipping and logistics company, announced that the Capesize vessel Navios Buena Ventura of 179…
BG to Invest $15B in Australian LNG Project
According to a report from Bloomberg, BG Group Plc, the U.K.’s third largest oil and gas producer, said it will invest $15b in the Curtis liquefied natural gas project…
RAK Petroleum Orders Wave Piercer Vessel
RAK Petroleum Public Company Limited has chartered the first Topaz Wave Piercer for use in the Gulf the company announced. Designed by Incat Holdings Limited of Australia and built by Topaz Marine based in Dubai, the long-term charter vessel will be used for production crews commuting to and from the Company's offshore Oman platforms. "The use of a fast, stable and fuel-efficient crew vessel will significantly…
BAE Systems Barrow Shipyard Shakeup
According to a report from the North-West Evening Mail, the Barrow Shipyard is heading for a shakeup which will see it rejoined with BAE’s surface shipbuilding yards.
Disney Dream Nears Completion at Meyer Werft Shipyard
After 20 months of construction, the Disney Dream cruise ship floated out of the enclosed building dock at the Meyer Werft shipyard Oct. 30, completing a major construction milestone.
Honda Marine’s New BF115 Outboard
Honda Marine has added the BF115 to its lineup of fuel-injected four-stroke outboard engines. Introduced in 2010, the redesigned BF115 is derived from the inline 4-cylinder 2.4 liter DOHC engine platform used in Honda’s Accord automobile. This engine, coupled with other advanced technologies, is able to produce performance with fuel efficiency and reliability and features design cues similar to its recent predecessors, the BF40 and BF50, BF75 and BF90 and 105 Jet.
MSC Transports Marines, Equipment for Exercise in Philippines
Military Sealift Command-chartered cargo ship MV Combi Dock III departed Subic Bay, Philippines, Oct. 30, carrying 460 pieces of U.S. Marine Corps equipment including Humvees, trucks, ambulances, firefighting vehicles, helicopters and supplies that were used during the recent amphibious landing exercise, or PHIBLEX, held in the Philippines Oct. 14-18. The equipment is being returned to Marine Corps bases on Okinawa, Japan.
This Day in U.S. Coast Guard History – November 2
1820-The Revenue cutter Louisiana captured five pirate vessels during a cruise from Florida to Cuba. 1881-A rowboat with two men and a young girl was going down…
This Day in U.S. Naval History – November 2
1943 - In Battle in Empress Augusta Bay, U.S. cruisers and destroyers turn back Japanese forces trying to attack transports off Bougainville, Solomons. 1968 - Operation…
Wärtsilä, United Shipbuilding sign MOU
Wärtsilä and United Shipbuilding Corporation (Sudoexport), Russia's leading shipbuilder, have signed a Memorandum of Understanding. Both parties have expressed the…
