USCG Safety Alert: Inspection of Fuel Oil Quick-Closing Valves
U.S. Coast Guard Port State Control Officers (PSCOs) are discovering Fuel Oil Quick-Closing Valves (QCVs) intentionally blocked, modified, and poorly maintained preventing them from operating as designed during an emergency. QCVs are positive shutoff valves on fuel oil systems serving to isolate fuel tanks in the event of a fire and also prevent “fueling” of a fire in circumstances where system piping and components are compromised.
Maritime Coalition’s Congressional “Sail-In,” May 4, 2011
The U.S. Maritime Coalition has announced that this year’s Congressional “Sail-In” will take place on Capitol Hill on May 4, 2011. The Sail-In will look to build…
Costamare Invests in Fleet Expansion
Costamare Inc. (NYSE: CMRE) announced that it has contracted with Sungdong Shipbuilding & Marine Engineering Co., Ltd. for the construction and purchase of two newbuild containerships…
Report: Ship Delivery Underperformance in 2010
Industry concerns over the glut of newbuilding deliveries last year may have been overplayed as the three major shipping market segments - dry bulk, container and…
Veson Nautical Expands, Opens Oslo Office
Veson Nautical expanded its corporate HQ and opened a new office in Oslo, Norway, to accommodate growth of more than 410% over the past five years and 70% in the past year, according to the company.
NITC: Piracy Prevention is Priority One
While the National Iranian Tanker Company (NITC) is a proponent of weapons on commercial ships as a means to thwart piracy, it respects and stays in compliance with international and port-state mandates that reject lethal force in the hands of mariners, and pushes the use of non-lethal methods to stop potential attacks. NITC currently has a fleet of 43 ships (including 28 VLCCs) totalling 10.6mdwt, but aims to grow its fleet to 74 ships and 18mdwt by 2013. According to A.R.
NITC: Aims to Grow Fleet to 18mdwt by 2013
The National Iranian Tanker Company (NITC) based in continues to invest significantly in its fleet of ships, aiming to grow its fleet to 74 ships and more than 18mdwt by 2013, said Captain R. Ghareh, Area Manager based in the company’s Dubai, UAE office, during a recent interview. This level is a sharp increase from its current fleet, which includes 43 ships (including 28 VLCCs) total 10.6mdwt. Making up the bulk of the new fleet is an existing order for 22 new VLCCs costing a cumulative $3.3b.
