NewLead Holdings Announces Acquisition of Handysize Dry Bulk Vessel
NewLead Holdings Ltd. (NASDAQ: NEWL), an international, vertically integrated shipping company, today announced that on May 10, 2011 it acquired the 2003-built, 34,682 dwt, Handysize dry bulk vessel, Newlead Prosperity, for a total consideration of $24.5 million. The Newlead Prosperity was initially delivered under a bareboat charter during Q4 2010. The charter period ended May 10, 2011. Mr. Michael Zolotas…
This Day in U.S. Coast Guard History - May 16
1846-Eleven cutters were assigned to cooperate with Army and Navy in the Mexican War. Cutters McLane, Legare, Woodbury, Ewing, Forward, and Van Buren were assigned to the Army.
This Day in U.S. Naval History - May 16
1800 - CAPT Preble in Essex arrives in Batavia, Java, to escort U.S.
More Ships Depart Suisun Bay Reserve Fleet
Two obsolete vessels, the Reclaimer and Sagamore, are scheduled to be towed from the Suisun Bay Reserve Fleet on Monday, May 16, 2011. The departures mark the 20th…
Public Comment for Four New Deepwater EAs
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced that public comment is invited with respect to four Environmental Assessments…
BOEMRE Approves GOM Deepwater Exploration Plan
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced the approval of a deepwater Gulf of Mexico Exploration Plan (EP) following the…
Bourbon Q1 2011 Revenues
Bourbon reported that the recovery expected in the 4th quarter of 2010 was confirmed In the 1st quarter of 2011. Q1 2011 revenues up 23.8% year-on-year up 6.4% over the previous quarter.
Publication of EurOCEAN 2010 Report
Marine Institute CEO, Dr Peter Heffernan, today (13th May) welcomed the publication on-line and in hard copy of the Belgian EU Presidency EurOCEAN 2010 Conference Report and Ostend Declaration. The Conference report summarises the many science and policy presentations made at the EurOCEAN 2010 Conference in October last year focussing on new challenges and opportunities to be addressed by the marine and maritime sectors in the coming years.
DHT Holdings Charters VLCC, Option to Purchase
DHT Holdings, Inc. DHT has time chartered in a VLCC built 2003 at Hitachi for a period of 16 to 18 months at a rate of USD 27,000 per day. DHT has a continuous option during the charter to purchase the vessel at USD 65 million for the first 6 month period, USD 66 million for the second 6 month period and USD 67 million for the third 6 month period. The vessel is expected to be employed in the Tankers International Pool and will be delivered on May 16, 2011.
Teekay Tankers Reports Q1 Results
Teekay Tankers Ltd. Teekay Tankers Ltd. (Teekay Tankers or the Company) today reported its first quarter results for 2011. During the quarter, the Company generated $15.7 million in Cash Available for Distribution(1). Today, Teekay Tankers declared a dividend of $0.25 per share(2) for the first quarter of 2011, which will be paid on May 27, 2011 to all shareholders of record on May 20, 2011. The first…
OOCL, NYK Finalize Charter Agreement
NYK and OOCL are pleased to announce that they have entered into an agreement for the charter of four 13,000 TEU ships. OOCL has exercised its option to order an additional four 13,000 TEU ships on top of the original order of six. Out of the ten ships, four will be chartered to NYK for a period of three years. The first charter ship will be delivered to NYK in 2013. Both parties intend to deploy these ten ships within the Grand Alliance service network to allow for a service upgrade.
Euroseas Declares Quarterly Dividend
Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that the Company's Board of Directors has declared a dividend of $0.07 per common share for the first quarter of 2011. The dividend is payable on June 10, 2011 to all shareholders of record as of June 1, 2011. This…
UASC Direct Services to-from North Europe
United Arab Shipping Company announced that the AEC1 service will start new direct calls to Jebel Ali. With that UASC would be adding a direct service from/to North Europe with competitive transit times offering 17 days from the last port in Europe and 25 days from Jebel Ali to the first port in North Europe. To that effect UASC Doha has called at Jebel Ali on May 6th and 7th, 2011. UASC remains committed…
Port Manatee Berth 12 Dreding Underway
Port Manatee’s Berth 12 dredging project – the final piece of the Tampa Bay port’s 11-year, $200 million expansion – enters its third week with 25 percent of the project complete. The 1,584-foot berth will be dredged to a depth of 41 feet at mean-low-water and is on target for completion in October. “This sends a message to the industry and opens the door to advance Port Manatee’s future in containerized shipping,” said the port’s Executive Director David L. McDonald PPM®.
IMarEST Welcomes Castrol Marine's Marine Partner Status
Castrol Marine has renewed the Corporate Membership of the Institute of Marine Engineering, Science and Technology’s (IMarEST) Marine Partners initiative. “If there is one thing better than acquiring a new member of the Marine Partner scheme, it is news that a long-time partner is renewing its relationship with us,” says Fiona Morris, Interim Chief Executive of IMarEST. “It is extremely stimulating working with Castrol Marine, and we are delighted that we will be doing so for another year.
BMT WBM Simplifies Flood Warnings
To better prepare residents and emergency services of an impending flood, BMT WBM, a subsidiary of BMT Group, the leading international maritime design, engineering and risk management consultancy has further enhanced its flood modelling software, TUFLOW. This follows the recent floods in Brisbane where affected residents are still trying to pick up the pieces after this devastating event. Now featuring a gauge output function…
Kongsberg's Fast Boat Simulator at Nor-Shipping Campus
Konsgberg Maritime is shipping in its Rigid Hull Inflatable Boat (RHIB) Simulator for the inaugural Nor-Shipping Campus, a new event introduced to engage school and university students with the maritime industry. As the company's fastest boat simulator, the spectacle is expected to attract a lot of attention, especially as Kongsberg Maritime is allowing visitors to try it out for themselves. The Nor-Shipping Campus is being held in Oslo's City Hall Square (Rådhusplassen)…
Omega Navigation Loan Amendment
Omega Navigation Enterprises, Inc. (NASDAQ:ONAV), a leading provider of Global Marine Transportation services specializing in product tankers, announces that it has reached an agreement with its lenders to amend the maturity date of both the current senior and junior loan facilities. With this agreement the new maturity date will be May 17, 2011 on both facilities, amended from the current maturity date of May 13, 2011. Source: http://www.omeganavigation.com
Keppel to Build Repeat Jackup Rigs Worth $772M
Latest contracts boost value of new orders secured year-to-date to over S$6.4 billion. Keppel FELS Limited's (Keppel FELS) returning customer, Oslo-listed S.D. Standard Drilling Plc (Standard Drilling), has ordered four repeat KFELS B Class rigs worth US$772 million. Successive deliveries of these units are scheduled between 2H2013 and 1H2014. Standard Drilling ordered its first jackup rig from Keppel FELS in November 2010 with two options.
BOEMRE Approves GOM Deepwater Exploration Plan
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced the approval of a deepwater Gulf of Mexico Exploration Plan (EP) following the…
