Great Lakes Iron Ore Trade Down in June
Shipments of iron ore on the Great Lakes totaled 6 million tons in June, a decrease of 6% compared to May, and a drop of 7% compared to a year ago. Loadings also…
Pellerin Names Water Solutions Operations Manager
Pellerin Energy Group (PEG), an integrated service provider for the oil and gas industry has named Scott Pellerin as operations manager of its Water Solutions business unit, announced President Joshua Pellerin. Pellerin’s primary responsibilities include developing and implementing service programs and training personnel on safely maintaining company products; negotiating service agreements; as well as ensuring equipment is operating at optimum efficiency.
Marina Projects Secures Commission with Ports of Jersey
U.K.-based marina consultancy Marina Projects Ltd. was appointed by Ports of Jersey to deliver two new developments in St. Helier Harbor. The two projects, The Redevelopment of Berths № 4 & 5 and The Refurbishment of the Fishermen’s Berths, due to commence later this year, will considerably enhance the harbor offering for both the marine leisure and commercial fishing industries. This appointment is…
Nordic American Tankers: Declaration of Dividend
Nordic American Tankers Ltd. has announced that its Board of Directors has declared a dividend of $0.16 for the 2nd quarter of 2013, the same as for the 1st quarter of 2013.
New CEO at Dana Gas
Dana Gas PJSC, a publicly-listed natural gas company in the Middle East, has announced the appointment of Patrick Allman-Ward as the new Group CEO for the company with effect from September 1, 2013. The company, which is listed on the Abu Dhabi Exchange (ADX) and recently announced the successful refinancing of its $1 billion sukuk, conducted an extensive executive search process after the retirement last year of its CEO, Ahmed Al-Arbeed, who remains a Member of the Board. The incoming CEO Dr.
Marine Engineering of Importance to U.K. Economy
A recent report by the Royal Academy of Engineering on Science, Engineering and Technology (SET) occupations found that demand for graduate engineers is exceeding supply.
Nakashima Partners with Michigan Wheel
Michigan Wheel Marine and Nakashima Propeller Co. Ltd. have announced a new strategic partnership that is designed to combine their respective business strengths…
Coast Guard Medevacs Man 120 Miles off Galveston
A 48-year-old man was medevaced Monday night after he was found to be experiencing heart attack symptoms aboard an off shore tug boat approximately 120 miles off Galveston.
Seawork 2013 Sets New Standards
Seawork 2013 (UK Port of Southampton June 25-27) attracted record numbers of commercial marine professionals, who were drawn to the exhibition to see new products…
Stena Oil: Seafarers Imprisoned after Show Trial in São Tomé
Ships and Cargo Wrongfully Confiscated, says Stena. Stena Oil, the Swedish Oil Company, has alleged that the West African republic of São Tomé e Príncipe has wrongfully…
Boskalis's Dockwise Bag Heavy Lift Contracts
Royal Boskalis Westminster N.V. (Boskalis) announces that Dockwise has recently been awarded numerous new contracts valued at US$175-million for heavy marine transport as well as transport and installation (T&I) services. Various short term heavy marine transport contracts were acquired, primarily for the transportation of jack-up rigs, and all due to commence in the next couple of months. Included in these contracts is the transportation of large…
Cold, Hard Realities of Arctic Shipping
In a recent article in USNI 'Proceedings Magazine' Stephen M. Carmel said: "Maritime pundits believe a shrinking ice cap translates to a frenzy of traffic as shippers rush to exploit shorter sea routes. On 16 September 2012 the Arctic reached the point at which ice stops receding and begins to form anew with the approach of winter. Last year that ice minimum set a record at 1.32 million square miles – 300,000 square miles less than the previous record minimum.
Somali Pirate Hostage Ship Sinks
The 'MV Albedo' sinks In rough seas after being held captive by Somali pirates for over two-and-a-half years. EU Naval Force confirms that the Malaysian flagged Motor Vessel MV Albedo, held by armed pirates at an anchorage close to the Somali Coast, has sunk in rough seas. MV Albedo has been in pirate hands since it was attacked in the Indian Ocean in November 2010, and was in pirate hands when it sank.
Confident Korea Shipbuilder to Raise Price of Fuel-Savvy Ships
Hyundai Heavy Industries Co., the world’s biggest shipbuilder, plans to raise prices as demand for fuel-efficient vessels increases, reports the Japan News, citing Bloomberg, Singapore.
Thailand Freighter Casualty Under Tow
The Royal Thai Navy today called off its search for the remaining missing crewmen of the Bangladeshi cargo ship 'MV Hope', which almost capsized in heavy seas south of Phuket on Thursday night. Salvage of the vessel proceeding. The news comes after the search yesterday failed to locate any more of the five missing crewmen, reported the Phuket Gazette, citing Capt Thammawat Malaisukkarin, Director of the Naval Civil Affairs.
Teekay Tankers Declare Dividend
Teekay Tankers Ltd. Board of Directors has voted to declare a fixed cash dividend of $0.03 per share for the quarter ended June 30, 2013. The cash dividend is payable on July 31, 2013 to all shareholders of record on July 19, 2013. Teekay Tankers currently owns a fleet of 31 double-hull vessels, including 11 Aframax tankers, 10 Suezmax tankers, seven Long Range 2 (LR2) product tankers (including four committed newbuildings)…
Mississippi River Opens Again: Safety Restrictions Apply
The Coast Guard has re-opened the Mississippi River above Head of Passes following clusure occasioned by a sunken tugboat. Survey operations are ongoing in an effort to locate the sunken 48-foot tug boat C-Pec between mile marker eight and Head of Passes. Coast Guard Vessel Traffic Service Lower Mississippi River will continue to implement vessel traffic management measures to ensure safe navigation. U.S.
Baltic Trading to Buy Handsize Bulk Carriers
Baltic Trading Limitedhas agreed to acquire two 32,000 dwt Handysize vessels, for an aggregate purchase price of approximately $41.0 million. The acquisition is…
China Shipyard to Build Boxships for Boxmaker
Dalian shipyard to build seven 8,800-TEU container ships for container box manufacturer China International Marine Containers (CIMC). China's largest shipbuilding company…
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