Bourbon Sells First Nine Vessels of “Transforming for Beyond” Plan
Following the transfer of ownership of the first nine vessels to the Chinese company ICBC Financial Leasing (ICBCL) as part of a 51 vessel sale and bareboat commitment and the payment of $144 million…
Dryad Release Special West Africa Advisory Report
U.K. maritime intelligence provider, Dryad Maritime issued their latest report, “Special Advisory, The West Africa Problem; Mission Not Impossible,” which focuses on the rapidly evolving nature of maritime crime in the Gulf of Guinea. The report provides a detailed insight into the main types of criminal activity in the area and provides practical advice on how these threats can be mitigated. It contrasts…
Shipping Industry Urges IMO Require Container Weight Verification
Misdeclared container cargo weights have been a long-standing problem for the transportation industry and for governments. The problem is significant and arises in almost every trade, and misdeclared container weights present safety hazards for ships, their crews, other cargo on board, workers in the port facilities handling containers, and on roads. Incorrectly declared weights lead to incorrect ship stowage and accidents.
Bouchard Funds Simulation Center at SUNY Maritime
Bouchard Transportation Co., Inc., headquartered in Melville, N.Y., said that the company will dpnate $750,000 to the State university of New York (SUNY) Maritime College’s Throgs Neck Campus to establish the Bouchard Transportation Company, Inc., Tug and Barge Simulation Center. The center will offer full mission bridge simulators, instruction stations and a debriefing area where instructors can meet with students to discuss navigation…
Kastrop Elected Chair of Redwood City Port Commission
Lorianna Kastrop has been elected as Chair of the Redwood City Port Commission, the first woman to hold the position in the Port's 76-year history. In June 2008, Kastrop was the second woman in history appointed to the Port Commission. The first was Marguerite Leipzig, in the early 1980s, after having served on the Redwood City Council, including two years as mayor. Kastrop was reappointed to the Port Commission in 2012. Kastrop is vice president and controller of The Kastrop Group, Inc.
Maritime Industry Gears up for St. Petersburg
The impact of the massive and continuing transformation of Russia’s maritime industries will be on show to the world when the all-encompassing NEVA 2013 exhibition…
Ingalls to Close Gulfport Facility Due to Reduction in Navy Builds
Huntington Ingalls Industries (HII) announced today the closure of its Gulfport Composite Center of Excellence in Gulfport, Miss. "This is a difficult but necessary decision," said HII President and CEO Mike Petters. "Due to the reduction in the Zumwalt-class (DDG 1000) ship construction and the recent U.S. Navy decision to use steel products on Lyndon B. Current work being performed at Gulfport is expected to be completed by the end of the first quarter of 2014…
Teekay LNG Completes Norwegian Bond Issuance
Teekay LNG Partners L.P. announced that it has issued NOK 900 million in senior unsecured bonds, maturing in September 2018, in the Norwegian bond market. The aggregate principal amount of the bonds is equivalent to approximately $150 million (USD) and all interest and principal payments have been swapped into USD at an all-in fixed interest rate of 6.43%. The proceeds of the bonds are expected to be used for general partnership purposes.
Panama Canal Pilotage Regulations and Training of Pilots
The Panama Canal said it enjoys an excellent safety record, which it credits mainly to the extensive training required of its pilots. To continue providing this service…
Eitzen Chemical Implement Jotun HPS
Eitzen Chemical A/S has decided to implement Jotun's Hull Performance Solutions (HPS) on two of their largest chemical carriers. The first vessel, Siteam Discoverer…
CGSS Aroroy Rescues 62 From Distressed Motor Boat
A total of 54 passengers and eight crew members including the boat captain were safe after they were rescued by the personnel of Coast Guard Sub Station (CGSS) Aroroy…
CH Offshore Charter Out Two AHTS
Singapore's CH Offshore Ltd has chartered out two AHTS vessels on long term bareboat charters to an unamed company. The charter concerns the “Amethyst”, a 2007-built 12…
Maritime Security Demonstration Sees Speedboat Demolished
Law enforcement looks on as speedboat driver demolishes his own engine in the name of greater safety for professional mariners in a Florida display of a new maritime security product by Alcyonics along with partner firm Knowledge Bridge International. Among the guests in attendance were a large, U.S.-based oil and gas exploration company and a representative of the Republic of the Marshall Islands Ship Registry. A small speedboat hydroplaned at top speed toward a series of small buoys.
Sea-borne Literally: Coast Guard Assist Mother
The Panamanian-flagged vehicle carrier 'Caribbean Highway', 110 miles off San Diego, contacted the Coast Guard requesting assistance for a 21-year-old crewmember who was in labor.
Canada Invests in Nova Scotia Small Craft Harbours
The Government of Canada will invest $10.2 million in maintenance, repair, construction and dredging projects at small craft harbours in Nova Scotia, as part of a country-wide $63 investment in core fishing harbours. “Small craft harbours play a vital role in securing the prosperity of our coastal communities in Nova Scotia,” said the Honourable Gail Shea, Minister of Fisheries and Oceans. “The investment…
Latest Newbuildings: Ultra-large Boxship Orders Predominant
With the summer holidays slowly drawing to a conclusion the newbuilding market has remained relatively quiet this week, though Clarkson Hellas Weekly S+P anticipate activity to pick up again shortly. Somewhat reflective of this subdued activity is that Clarkson have seen no new orders reported in the dry bulk this week, which contrasts directly with the activity witnessed in this sector so far this year.
International Journal of Marine Energy Launched
Publishers Elsevier launch the 'International Journal of Marine Energy', a new journal devoted to publishing fundamental and applied research and case studies relevant to all forms of marine and ocean energy. Professor AbuBakr Bahaj, Professor of Sustainable Energy and Head of the Energy and Climate Change Division at the University of Southampton, will serve as Editor-in-Chief. The journal targets topics such as fluid mechanics…
SAL Early on Thailand to Europe Heavy Lift Delivery
Better than punctually, SAL's 'MV Grietje' delivers sphere tank from Sattahip to Antwerp ahead of schedule. MV Grietje, a type 161A vessel with a combined lifting capacity of 700 m tons, loaded the sphere tank of 340 m tons measuring 20 x 22 x 24 m in Sattahip in Thailand and as a result of good planning, it was ready for discharge three days before schedule at the destination port, Antwerp, in Belgium.
Tognum's Investment In the Future Kicks In
150 young people are embarking on training programs or courses of dual study at Tognum, and for the first time, these include trainees from the new Tognum location in Bergen, Norway. “Our new trainees represent an investment in the future of our company and the places we have on offer provide very attractive opportunities for those just starting out on their careers,” said Ingo Metzer, head of HR at Tognum.
Ocean Rig Updates on Financing, Newbuildings & Contracts
The Company announced that it has signed a supplemental agreement to amend certain provisions in its $1.35b Senior Secured Facility dated February 28, 2013. “We…
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