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…
Crowley Maritime Wins Employee Health Award
Jacksonville-based Crowley Maritime Corp. has been recognized as one of the top three 2013 Healthiest Employers by the Jacksonville Business Journal. Crowley ranked third of all large northeast Florida companies (500+ employees), and was one of just 24 overall ranked businesses to receive this award. Crowley’s Manager of Employee Programs Katy Keene accepted the award on behalf of the company during a special awards breakfast held at the University of North Florida’s University Center.
Torm Appoints New CFO
Mads Peter Zacho (44) has been appointed new Chief Financial Officer (CFO) of TORM A/S. With an educational background as M.Sc. from the University of Copenhagen, Mads Peter Zacho began his professional career in banking working with Goldman Sachs Intl. and Unibank before joining the International Finance Corporation in Washington D.C. Mads Peter Zacho was with Nordea in Copenhagen before being recruited to A.P. Moller Maersk, where he was appointed Deputy Head of Group Finance.
Fugro Wins Large Chevron Offshore Navigation Contract
Netherlands-based Fugro has been contracted by Chevron subsidiary Cabinda Gulf Oil Company Ltd, to support its development program at Block 0, off the coast of Cabinda province, Angola.
Port of Long Beach Appoint Michael Gold Director of Communications
The Long Beach Board of Harbor Commissioners has selected Michael Gold as Director of Communications & Community Relations for the Port of Long Beach, beginning in mid-July. The Board voted Gold to the post at their July 1 meeting, following a six-month search to replace Heather Morris, who retired after heading the department for more than eight years. Gold has been working in the public affairs and legislative fields for more than 16 years.
Navios Buys Tankship, Extends Charter on Another
Greece-based Navios Maritime Acquisition Corporation announces delivery of a MR2 product tanker & 1-year charter extension for a chemical tanker. Navios Acquisition also announced that it has agreed to extend the existing charter on the Chemical Tanker Nave Polaris for one additional year ending in Q3 2014 at the increased base rate of $12,188 with 50% profit sharing. Following the delivery of the Nave Equinox, Navios Acquisition will have 25 vessels in the water.
Transpacific Trade Organizational Changes
MOL has announced the following organizational changes which will take effect in August 2013. These changes will further build the MOL organization as one that customers…
Torsional Vibration Symposium: May 21-23, 2014
The 2014 Torsional Vibration Symposium, organized by the Vibration Association, is scheduled for May 21-23 in Salzburg Congress, Austria. The event aims to gather…
Today in U.S. Naval History: July 8
Today in U.S. Naval History -July 8 1778 - Allied French fleet under Comte d'Estaing arrives in America. 1853 - Commodore Matthew C. Perry sails his squadron into Tokyo Bay. 1879 - USS Jeannette departs San Francisco to explore Arctic. 1944 - Naval bombardment of Guam begins. For more information about naval history, visit the Naval Historical Center website at history.navy.mil.
FRP Boat Built in India Using DIAB Materials
Built in its entirety at the Craftway Engineers boat-building yard, the 23-meter FRP boat is the first of 13 sophisticated composite vessels to be constructed on site in India. At Craftway Engineers, it is all about the customer, the company said. With a blend of creativity, commitment and innovative thinking, the Mumbai-based company specializes in the construction of tailor-made composite vessels, meeting the specific requirements of the customer.
New LMS 3D Simulation Offers Real-world Tech
LMS, recently acquired by Siemens and now a business segment within Siemens PLM Software, announced the latest release of its LMS 3D solutions for real world simulation, LMS Virtual.
