Incat Crowther Designs Ferries for Russian Builder
Incat Crowther is pleased to announce that contracts have been signed with Russian builder Pacifico Marine for two catamaran ferry projects. Incat Crowther and Pacifico Marine have formed a relationship that sees the design company assist Pacifico Marine to service the Russian market with proven designs. The relationship has already found success with the contracts for these two vessels, and both companies are hard at work to secure further orders.
Saipem: BOD Appoints Chairman, CEO, Deputy CEO
San Donato Milanese, 9 May 2011 - The Board of Directors of Saipem S.p.A., convened and following the resolutions taken by the Shareholders’ Meeting on May 4, 2011, approved the appointments of the Chairman, Deputy Chairman and CEO and Deputy CEO of Saipem S.p.A. It also ascertained the independence requirements for Board Directors and Statutory Auditors and appointed the members of the internal Board Committees.
TBS International Reports Q1 Results
DUBLIN, IRELAND, May 09, 2011 (MARKETWIRE via COMTEX) -- TBS International plc (NASDAQ: TBSI) announced today its financial and operating results for the first quarter ended March 31, 2011. Ferdinand V. "The weakening freight and charter rate environment that began in the second half of 2010 continued into early 2011, and adversely affected our revenues and our ability to maintain financial ratios as required by our credit facilities.
Box Ships Takes Delivery Of Third Containership
ATHENS, Greece, May 9, 2011 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, announced today that it has taken delivery of the Maule, a 6,589 TEU container vessel built in 2010, from an unaffiliated third party. This vessel has a fixed rate period time charter term of five years (with charter option of plus / minus 30 days) with CSAV Valparaiso Chile at a gross daily charter rate of $38,000.
Hydroid REMUS AUV Helps Find WWI U-boat
Pocasset, MA – May 9, 2011 – Hydroid, Inc., a subsidiary of Kongsberg Maritime, the leading manufacturer of Autonomous Underwater Vehicles, announced today that its REMUS 100 AUV aided in the discovery of the World War I German submarine U-106, which had been missing since October 1917. The Royal Netherlands Navy (RNLN), which used the REMUS vehicle, located the missing submarine off the coast of Terschelling in the Netherlands.
USCG Opens Mississippi River to Limited Traffic
The U.S. Coast Guard was scheduled to re-open a portion of the Mississippi River, May 6, near Caruthersville, Mo., after closing it earlier due to the possibility…
ABS Wins Classification Award
At the 5th Annual International Maritime Awards, presented at ShipTek, ABS received Marine BizTV’s award of Best Classification Society. The occasion marks the second year the society received the award. “Service delivery is paramount to our classification society,” said ABS Regional Vice President, Middle East Region, Joe Brincat. “We have maintained our focus on providing additional technical and software services to enhance our class services.
Braemar Acquires BMT Marine & Offshore
BMT Marine & Offshore Surveys, which incorporates The Salvage Association and Murray Fenton, is delighted to announce that the business and assets of the company have been acquired by Braemar Shipping Services Plc, a leading international provider of shipbroking, consultancy, technical, logistics and other services to the shipping and energy industries. Nigel Clark, Managing Director of BMT Marine & Offshore Surveys…
Veson Nautical Wins Best Places To Work Award
Boston Business Journal honors Veson Nautical as a 2011 “Best Places to Work” winner. May 9, 2011 - Boston, MA --- The Boston Business Journal has named Veson Nautical one of the Best Places to Work in Massachusetts in its ninth annual regional awards program. The honor recognizes Veson Nautical’s achievements in creating a positive work environment that attracts and retains employees through a combination of employee satisfaction, working conditions and company culture.
Richard D. Steinke To Receive 2011 Connie Award
Long Beach, CA (May 9, 2011) -- Richard D. Steinke, who will retire this year as executive director of the Port of Long Beach and who was instrumental in developing the Port into one of the world's largest container harbors, has been selected to receive the Connie Award to be presented on the West Coast by the Containerization & Intermodal Institute (www.containerization.org). The industry-wide dinner event honoring Mr.
Container Service Reliability Falls Again
London, UK, 9th May 2011 –Container service reliability declined for the second quarter in a row during the first quarter of 2011, according to Drewry Maritime Research’s latest Schedule Reliability Insight report. The proportion of the 2,972 vessel calls arriving on time at selected ports around the world during January-March fell back to 51%, down from 55% in the fourth quarter of 2010. The 1Q11…
SUNY Maritime Ships Sets Sail
The Empire State VI, ’s training ship departed today on schedule on its annual training cruise to . Students will complete on-board training that will qualify them for US Coast Guard issued Deck and Engine licenses. More than 400 students, as well as over 100 faculty, staff and crew are on-board. The ship is scheduled to return to the SUNY Maritime College Pier on August 6, 2011.
First Cruise Ship Of The Season Arrives At Aberdeen Harbour
Aberdeen Harbour will welcome ten cruise calls this summer, with four vessels making their first ever visit to the port. The arrival of Noble Caledonia’s MS Quest, a small expedition liner carrying up to 50 passengers, heralded the start of the cruise season on Friday (May 6). A unique small vessel weighing in at 1268 tonnes, she spent the day in Aberdeen before leaving to explore the Copinsay Islands off Orkney, Isle of Lewis, St Kilda and Oban amongst other destinations.
CFPA Demonstrate that Experience and Investment
With the advancement of ground-breaking innovation in the renewable marine energy industry, the Cromarty Firth Port Authority has had the opportunity to demonstrate that everything is possible and there is nothing that cannot be achieved via the facilities in the Firth. For many years, the Cromarty Firth has been recognised worldwide as a hub for Inspection, Repair and Maintenance of oil rigs and subsea engineering…
UKHO Appoints New Non-Executive Chair
Following an open competition, the UKHO is delighted to announce the appointment of Sandra Rogers as our new Non-Executive Chair. Sandra, who has been on the UKHO’s board for more than eight years having joined in July 2002, has been Interim Chair since October 2009 and she takes up her new position for an initial term of three years. She is currently the Director for Inside Sales and Emerging Markets…
Tsakos Announces Long Term Time Charters
ATHENS, GREECE – May 9, 2011 - Tsakos Energy Navigation Limited (“TEN” or the “Company”) (NYSE:TNP) today announced two long-term fixtures with minimum and profit sharing provisions to a major Far Eastern entity for two suezmax tankers to be delivered in mid-May and mid-July of this year in South Korea. The charters, of eleven and twelve-year periods will commence upon delivery and are expected to generate combined gross revenues, assuming only the minimum rates, of approximately $200 million.
BRAEMAR Announces Results for Year February 2011
Braemar Shipping Services plc (“Braemar”, “the Company” or “the Group”), a leading international provider of broking, consultancy, technical and other services to the shipping and energy industries, today announces full yearresults for the year ended 28 February 2011. “Our markets in shipping and oil and gas services have had a turbulent year and against this backdrop the performance of the Group has been robust.
Shipping Companies Urge Governments to Tackle Piracy
According to a report from The Wall Street Journal, ship owners are stepping up pressure on governments world-wide to take a stronger role in policing the waters off Somalia and prosecuting hijackers…
Scorpio Tankers $150M Credit Facility, Form F-3
Scorpio Tankers Inc. (NYSE: STNG) ("Scorpio Tankers" or the "Company") announced today that the Company executed a credit facility with Nordea Bank Finland plc, acting through its New York branch…
China to Step Up Shipbuilding
According to a report from the Global Times, China’s shipbuilding industry is large but not strong, and independent innovation and establishing an integrated industrial chain are top priorities.