Stolt-Nielsen Reports Unaudited Third Quarter Results
Stolt-Nielsen Limited reported unaudited results for the third quarter ended August 31, 2013. Net profit attributable to shareholders in the third quarter was $21.8 million…
Hill Dickinson Announces Expansion into Hong Kong
International law firm Hill Dickinson LLP is pleased to announce the enhancement of its Asian practice with the opening of a new office in Hong Kong to work in partnership with its well-established Singapore team. This expansion, the firm's second new international location to open this year following the successful launch of the yacht team's Monaco office, will operate in association with Laracy & Co led by experienced litigator and arbitrator…
New Report Recommends Offshore Energy 'Arctic Standards'
A new PEW Charitable Trust report entitled: 'Arctic Standards: Recommendations on Oil Spill Prevention, Response, and Safety, has just been released. Arctic OCS standards would provide consistent requirements on how to design, build, install, and operate equipment to safely explore and develop oil and gas resources and respond to accidents in the region using best Arctic science, technology, and practices.
AET Order Two Eco-friendly VLCC's
Tankship owner-operator, AET, has named two VLCC newbuildings at the DSME shipyard in Korea. One vessel (Eagle Verona) will be delivered immediately with the other…
Jensen Get Tankship Construction Management Contracts
Jensen Maritime Consultants , Crowley Maritime's Seattle-based naval architecture and marine engineering company, has been awarded a new construction management contract for four new 330,000-barrel, Jones Act product tankers, being built by Aker Philadelphia Shipyard Inc. With construction scheduled to begin in January, Jensen is already establishing on-site offices and personnel at the Philadelphia…
Wärtsilä Introduce New Steerable Thruster Series
The new Wärtsilä Steerable Thruster series (WST) is being introduced to replace the company's Modular Thruster and Compact Thruster series, while the new Wärtsilä Transverse Thruster series (WTT) is replacing the current range of transverse thrusters. The new products have been developed in response to changing market demands, requiring competitive thruster products which are more efficient and cover a wider power range.
Tankship NSR Passage: All Alone Without the Icebreaker ...
Stena Bulk’s tanker 'Stena Polaris', with a cargo of 44,000 tons of naphtha, is sailing from the Gulf of Finland via the North-East Passage to South Korea. The 'Stena Polaris' left Russian Ust Luga in the Gulf of Finland on 17 September 2013, and is expected to arrive at the port of Yosu in South Korea on 18 October. The voyage is a joint project between Stena Bulk and South Korean Hyundai Glovis. IcebreakerTaymyr is leading the way. However there is no more ice, only open water.
Better Capesize Rates Filter Down to Smaller Bulkers
Significantly rising rates for Capesize vessels began in late September to spread to Panamax vessels, and gradually also to the smaller vessel types. Citing a recent Sydbank market analysis…
Ultrapetrol Close Sale of US$25-million Notes Issue
Ultrapetrol (Bahamas) Limited an industrial transportation company serving marine transportation needs in three markets (River Business, Offshore Supply Business and Ocean Business)…
China Shipyard Delivers Safety Patrol Boat
The coastal fast rescue vessel 'Dong Hai Jiu 202' has been delivered by Alfai Southern Shipyard to the Donghai Rescue Bureau. Afai’s General Manager Mr. Wu Mingyi and the Deputy Director General of Donghai Rescue Bureau Mr. Xiao Yuehua signed the delivery documents. The 'Dong Hai Jiu 202' is the fifth coastal fast rescue vessel built by Afai for the China rescue and salvage service and will be introduced to service in the Donghai area.
Singapore Hosts Inaugural Asia VTS Forum
The Maritime and Port Authority of Singapore (MPA) is presently hosting the inaugural Regional Forum on Vessel Traffic Services (VTS) which runs until 4, October 2013.
China Shipyards Haul in Latest Ocean-going Newbuildings
Increased activity in the dry bulk carrier shipbuilding market is reported in the latest Clarkson Hellas Weekly S+P Bulletin, and in all sectors the shipbuilders are in China. Grieg Shipping have added to their existing orders at Dayang, with two further units of Ultramaxes, due for delivery within September and December 2015, this takes their order at that yard to four ships. Wah Kwong Shipping have now also placed order at Chengxi Shipyard for four 64…
PST Get CIT 8-Tankship Buying Credit
CIT Maritime Finance has provided a $83.7 million senior secured credit facility to PST Tankers LLC, to finance the acquisition of a fleet of 8 product tankers managed…
Jeppesen Introduce ENC FlatFee Cost-saver
Jeppesen say that their new FlatFee licensing for its official Electronic Navigation Charts (ENCs) makes accessing and using them easy, cost effective and planning friendly.
ChukarWaterjet Launches New Website
ChukarWaterjet, Inc., a supplier of waterjet parts and waterjet rental equipment, announced the launching of its new website at www.chukarwaterjet.com. ChukarWaterjetsupplies competitively priced quality waterjet parts for all major brands of waterjet cutting and cleaning equipment, including Flow International, Omax, KMT, Jet Edge and WSI. Dedicated to helping its customers reduce downtime and increase productivity…
Panama Canal Cruise Season Kicks Off
The Panama Canal cruise ship season officially starts today, Wednesday, October 2, with the transit of the Celebrity Millennium. During this season, cruise ships…
Automated Systems Simplify Regulatory Compliance
Tough new air pollution regulations for the maritime industry are making it difficult for the shipping industry to comply. The International Maritime Organization (IMO)…
EU Project Aims to Improve Efficiency of Maritime Regulations
A new three-year European Research Project, partly funded by the EU has been launched to help increase efficiencies in regulation compliance and enforcement for the maritime sector. e-Compliance will facilitate tighter integration and cooperation in the fragmented field of regulatory compliance. It will closely align with the EU e-Maritime initiative of which a key priority is supporting authorities and shipping operators to collaborate electronically in regulatory information management.
Seakeeper Launches New Professional Division
To serve growing worldwide demand for gyro stabilization, Seakeeper has established its new Professional Division, which will formally launch at the International WorkBoat Show. With it, Seakeeper offers a dedicated team and focused product offerings for commercial, military, workboat, offshore, research and patrol markets. Driving Seakeeper's initiatives for the Professional Division are new team members Carl Wegener…
BINCO Contracts Damen for Seven Workboats
A special contract signing ceremony between Bin Nowiran for Trading & Contacting Co-(BINCO) (Kingdom of Saudi Arabia) and Damen Shipyards Group (The Netherlands) has taken place on October 1, 2013 during the Seatrade Middle East Workboat & Offshore Marine exhibition in Abu Dhabi (UAE). The vessels will be operated by BINCO in Kuwait to serve SPM operations of Saudi Arabian Chevron’s marine export facility at Mina Saud in the PNZ.
