Stolt-Nielsen Limited Completes Open Market Partial Tender Offer
LONDON, April 12, 2011 - Stolt-Nielsen Limited (Oslo Børs: SNI) completed its previously announced open market partial tender offer ("Offer") for SNL common shares with a total maximum value of $47 million. SNL bought back 1,825,900 shares at a price of NOK 140 per share at a total cost of $46.8 million. SNL now holds 6,285,530 shares, or 9.80%, of its common shares. With the completion of the Offer the $50 million buy-back programme announced by SNL on November 19, 2010 is now accomplished.
EMAS to take delivery of FPSOs from Keppel Shipyard
EMAS Production is set to take delivery of one of Vietnam's largest Floating Production Storage and Offloading (FPSO) vessels from Keppel Shipyard Limited (Keppel Shipyard), on behalf of owner PV Keez Pte. Ltd (PV Keez). To be managed and operated by EMAS Production, FPSO Lewek EMAS has been chartered by Premier Oil Vietnam Offshore B.V. for the development of the Chim Sáo field off southern Vietnam for six years, with a further option to extend the charter by another six years.
WSS Rolls Out Single Payment System
Ship operators and managers are benefitting from the administrative efficiency of a single payment system for port calls launched by Wilhelmsen Ships Service. A Float Account scheme operated by the company enables the ship operator to deposit a fixed amount with them to cover a month’s anticipated port calls. The sum is used to cover all the expenses of the operator’s vessels, wherever they call in the world.
Trelleborg’s Acquisition of Business In offshore Oil and Gas
Trelleborg’s acquisition of a business in the offshore oil and gas industry in Brazil from a subsidiary of Veyance Technologies has been finalized. The business focuses on specially designed oil hoses for surface and deep-sea applications for the strongly growing offshore oil and gas extraction industry in Brazil. The operation will be integrated into Trelleborg Engineered Systems business area. A press release on the agreement regarding the acquisition was published on March 14, 2011.
Cruise Ship Fuji Maru Assists in Iwate Prefecture
TOKYO — Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today reports that its ocean cruise ship Fuji Maru has provided free day-use services such as meals, baths, and rest for victims of the Tohoku–Pacific Ocean Earthquake at ports in Iwate Prefecture. About 1,000 people in Ofunato and Rikuzen-takata cities took advantage of the service at Ofunato port on April 11 and 12, and about 300 people at Kamaishi port on April 13.
Bollinger Receives Safety Award from SCA
Bollinger Shipyards, Inc. was awarded the 2010 Award for Excellence in Safety by the Shipbuilders Council of America (SCA). The award was presented during the association’s April 5, 2011 general membership meeting held in Washington, D.C. The Award for Excellence in Safety is given to member companies who have an end-of-year Total Recordable Incident Rate (TRIR) that is below the average SCA rate.
Bollinger Appoints Bowen to Head Patrol Boat Program
Bollinger Shipyards appointed Charles "Skip" Bowen as Program Manager for the FRC “Sentinel” Class Patrol Boat building program at Bollinger’s Lockport facility. Bowen joins Bollinger following a 32 year career with the United States Coast Guard, culminating with the rank of Master Chief Petty Officer of the Coast Guard, from 2006 to 2010. As the Master Chief Petty Officer of the Coast Guard, Skip served as a senior advisor to the Commandant of the Coast Guard.
Frosch Hires Marine/Offshore Specialty Team
Frosch is ranked as the #6 Travel Management Company in the US, with dual headquarters in Houston and New York. To continue its growth, Frosch recently created and…
Maersk Expects to Opt for 10 More Mega Ships
According to a report from Reuters, Denmark's A.P. Moller-Maersk (MAERSKb.CO) expects to exercise its option in June to order 10 more huge container ships to be…
Fatigue to Blame for Barrier Reef Grounding
According to a report from ABS News, the final investigation into the grounding of a Chinese coal carrier on the Great Barrier Reef last year has found fatigue was…
L-3 GAI Appoints Schwiering as Sales Manager
L-3 G.A International (L-3 GAI) announced that it has appointed John Schwiering as the sales manager of its Seattle, Wash. office.Schwiering was formerly a regional sales manager for Japan Radio Company and has over 20 years of experience in the maritime industry. Having also served in the same sales capacity for Radio Holland USA for 17 years, Schwiering is experienced in marine electronics and well-versed in both national and international sales. A division of L-3 Marine & Power Systems, Ft.
New WSDOT Ferry Salish in Sea Trials
The new Washington State ferry Salish is completing builder’s sea trials in Puget Sound. The vessel is expected to begin serving the Port Townsend-Coupeville route this summer, restoring full two-boat service to the route for the first time since 2007. Contractor Todd Pacific Shipyards is conducting sea trials to demonstrate the vessel to U.S. Coast Guard and WSDOT Ferries Division (WSF) inspectors before WSF accepts delivery of the vessel.
Resolve Marine Group Adds Suhaili Ocean Tug to Fleet
Resolve Marine Group, a leading marine salvage and emergency response company with worldwide operations, has acquired the Tug Resolve Suhaili, 102 TBP. Previously owned by ITC, the ocean towage and salvage tug is presently located in Freeport, Bahamas. Damian Allan, Resolve Director of Business Development announced the acquisition, stating “Resolve Suhaili is a great asset for our fleet worldwide.
MACSEA Measures Hull Paint Performance
Hull fouling causes drag-related speed loss and increased fuel consumption when more power is delivered in order to maintain ship schedules. Hull fouling is also…
This Day in U.S. Coast Guard History - April 14
1876- An Act of Congress (19 Stat. 1912- At around 11:40 p.m. on the night of 14 April, RMS Titanic collided with an iceberg off Newfoundland while sailing on her…
This Day in U.S. Naval History - April 14
1988 - USS Samuel B.
Sea Asia 2011 Ends - Record breaking 12,167 Participants
Sea Asia 2011 ended on a high note this evening with a clutch of records broken at what is now confirmed as Asia’s leading maritime conference and exhibition. As Sea Asia closed at Marina Bay Sands Expo and Convention Centre in Singapore, it was revealed by the organisers that 12,167 people attended the three-day event this week. Over 90% of visitors surveyed agreed that Sea Asia 2011 is a leading and prestigious industry event.
New Solution for Measuring Hull Paint Performance
MACSEA offers an independent hull monitoring service designed to save fuel and reduce emissions by detecting hull fouling as early as possible. The new service, called Hull Medic…
Diana Containerships Acquires Three Panamax Container Vessels
ATHENS, GREECE, April 14, 2011 – Diana Containerships Inc. (NASDAQ: DCIX), a global shipping company specializing in the transportation of containers, today announced that it has signed three Memoranda of Agreement (one with Maersk Line UK Ltd., and two with A.P. Moller Singapore Pte. Ltd.) for the purchase of three Panamax container vessels, MV “Maersk Madrid”, MV “Maersk Malacca”, and MV “Maersk Merlion”. The MV “Maersk Madrid” is a 1989-built vessel of 4,206 TEU capacity.
Sembawang Signed Memorandum Of Agreement With Ecospec
Singapore, April 14, 2011: Sembawang Shipyard, a wholly-owned subsidiary of Sembcorp Marine has signed a Memorandum of Agreement (MOA) with Ecospec Global Technology to provide customized and greener environmental solutions to the marine and offshore industry. In anticipation of the huge demand for green environmental solutions to meet international and local regulations, this MOA will provide both…
