FSL Trust Still Working to Resolve Financial Difficulties
Following the 19 November 2013 suspension of trading of First Ship Lease Trust (FSL) on the Singapore Stock Exchange, the Board of Directors informs that the company remains in on-going discussions with lenders to seek a longer loan covenant relaxation and are working hard to resolve the situation. First Ship Lease Trust is a Singapore-listed business trust that provides ship leasing services on a long-term bareboat charter basis to the shipping industry.
India's Goa Shipyard Delivers Two-Hundredth Vessel
Goa Shipyard Limited (GSL) handed over the 105-m patrol vessel INS SUMEDHA to the Indian Navy and the largest ever constructed by them marking the yard's 200th ship construction delivery. The 200th vessel was handed over by RAdm (Retd.) Vineet Bakhshi, VSM, Chairman & Managing Director, Goa Shipyard Limited to Cdr. Anand E. Kulkarni, Commanding Officer Designate, “INS SUMEDHA” in presence of RAdm Atul Khanna, VSM CSO(Tech.) Eastern Naval Command in a simple ceremony in Goa.
Drifting North Atlantic Chemical Tanker Taken in Tow
The Irish Naval Service patrol ship LÉ Aisling stood by the tanker 'Hellespont Charger' in rough weather at the request of the Irish Coast Guard until the arrival of the tugboat after the chemical tanker with 22 crew on board lost power on its main engines 400 miles west of Loop Head, reports Ireland's RTE News. The tanker with 15,000 tonnes of caustic soda on board was taken in tow by the tug Thrax towards the River Shannon where the cargo is desined for the Aughinish Alumina plant there.
Norway's Bergen Group Appoint CFO
Henning Nordgulen has been appointed Chief Financial Officer (CFO) of shipbuilders & offshore service providers Bergen Group ASA. Bergen CEO Asle Solheim said he was very pleased that Nordgulen had accepted the engagement: “Mr. Nordgulen has a comprehensive background from leading positions in finance, shipping and industry. Henning Nordgulen (48) has for the last seven years been Director of the corporate division and a member of the corporate management team in Sparebanken Vest.
Van Voorden Completes Big Stainless Steel Propeller Order
Van Voorden Castings BV from Zaltbommel, the Netherlands, has just completed a large order for four 25-tonne stainless steel propellers for a Canadian ice class ferry to be built by Italian yard Fincantieri for their client Société des traversiers du Québec. These propellers, of diameters 2900 mm and 3500 mm, have a combined weight of over 25 tonnes of high quality stainless steel and will be used for two contra-rotating podded drives.
GD Electric Boat Gets Submarine Repair Contract
General Dynamics Electric Boat Corporation has been awarded a US$15,000,000 cost-plus-fixed-fee modification to a previously awarded Navy contract to provide non-nuclear submarine repair work on Groton-based submarines under the New England Maintenance Manpower Initiative (NEMMI). Under the terms of the contract, issued by the Department of Defense, Electric Boat will provide NEMMI tasks in support of non-nuclear maintenance…
Ice Fisherman Airlifted Off Lake St. Claire
A U.S. Coast Guard rescue crew from Coast Guard Air Station Detroit hoisted an injured man off of Lake St. Clair in Ontario, Canada, after the all-terrain vehicle on which he and three friends were riding overturned. The group was on an ice fishing trip when the accident occurred about 2 miles from shore. Controllers at the Coast Guard’s 9th District Command Center received a request for assistance from Joint Rescue Coordination Centre Trenton…
Distortion Control "Tool Box" for Lightweight Ship Structures Workshop
This project compiles the physics and principles associated with distortion control derived from previous research and converts this knowledge base into a sequenced set of tangible…
U.S. Surface Navy Priorities Updated
The progress we have made in understanding and funding manpower shortages, establishing and funding defendable maintenance requirements, stabilizing procurement accounts, and the successful deployment of the littoral combat ship USS Freedom to the Western Pacific have led me to reassess the N96 Surface Warfare priorities. As President Obama highlighted in his Defense Strategic Guidance, the center of world mass is moving east towards Asia.
TOS Ship Delivery “Project Cargo” to South-America
A special ship delivery project left TOS’ homeport of Waalhaven in Rotterdam as a German coaster and a Belgian inland pusher guided "Project Cargo" for its delivery destination in South-America, a voyage that will last approximately four weeks. Van der Kolk said, “This job combines our services in the field of Ship Management, Ship Delivery and Crewing together and fits us like a glove. Even for TOS a Project Cargo ship delivery is a challenging job.
TOS Delivers Tug for Paraguayan Client
TOS conducted its first ship delivery for a client based in Paraguay. The GF Humaita has been purchased by a client in Singapore and will be delivered to Uruguay, Montevideo. The tug left Singapore in the beginning of December 2013. Last weekend the tug had a stop-over for bunkering in Cape Town, South Africa. “Some years ago TOS advised the client on the delivery of a pusher. Our contact person was…
Neumann Named CEO and President of Starboard
Beth G. Neumann has joined Starboard Cruise Services as CEO and President, reporting to Starboard Chairman, Ed Brennan. Owned by renowned world leader in luxury, LVMH Moët Hennessy Louis Vuitton, Starboard is the largest and leading onboard retailer in the cruise industry. In her leadership role, Neumann will oversee Starboard’s worldwide operations, which includes 1,800 employees, working both on land and on board the ships of the company’s eight partner cruise lines.
Temporary Easing of Iran Sanctions in Effect Jan. 20, 2014
The accord reached between Iran and the five permanent members of the United Nations Security Council (the United States, China, Russia, Great Britain and France)…
Viking Raid: New Novel Portrays Wall St. Shipping Tycoon
Marine Money announced the release of Viking Raid: A Robert Fairchild Novel, the much-anticipated sequel to The Shipping Man: A Novel, by Matthew McCleery, President of Marine Money International and Managing Director of Blue Sea Capital. Both books are now available through Amazon and Barnes & Noble online. Combining swashbuckling shipping adventure with corporate finance derring-do, Viking Raid follows the adventures of former hedge fund manager…
Meyer Werft Delivers Norwegian Getaway
During a ceremony in Bremerhaven, Norwegian Cruise Line took delivery of the 145,655 gross ton cruise ship Norwegian Getaway from Meyer Werft after a building period of only 15 months. The ship, the second of two Breakaway Class ships, is being delivered just nine months after the launch of sister-ship Norwegian Breakaway. Following delivery, the ship is sailing to Rotterdam for the start of inaugural…
USCG: Marijuana Use Unacceptable for Mariners
The U.S. Coast Guard issued a notice to ensure that mariners, marine employers, Medical Reviewing Officers and the public are knowledgeable of the continuing prohibition of marijuana use by those serving in safety-sensitive positions in the maritime transportation industry. The Coast Guard said it is important to note that marijuana remains a drug listed in Schedule I of the Controlled Substances Act.
Tug Sinks Off of New York
According to the U.S. Coast Guard, a 26-foot tugboat lost control of the barge it was towing off Atlantic Beach, N.Y., Monday evening. Coast Guard and state officials are responding to mitigate any hazards to the waterways and beaches nearby. The Coast Guard was notified at 7:35 p.m. on Monday night that the towing vessel “PUSHY” had lost control of the 125-foot deck barge it was towing following an interaction with a large swell off of Atlantic Beach, N.Y.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Rooney to Lead Port of Hueneme Board
The Port of Hueneme Board of Commissioners voted in officers for 2014 at their first meeting of the year held January 13, 2014. Senior Commission member and former five-time President Jess Herrera nominated Commissioner Mary Anne Rooney to take the helm as president. Rooney’s nomination received unanimous Board support and for the first time in the Port’s 77 year history a woman takes the office of Board President.
Kelly Named Managing Director of Triogen
Triogen, a branch of Degremont Technologies (Suez Environment group), announce the appointment on January 1, 2014 of Tom Kelly as Managing Director. Tom Kelly succeeds Jim Wheatley, founder of the Company. Jim retires after more than 30 very successful years at Triogen. Tom began his career in Yarrow Shipbuilders and is a qualified electrician, draughtsman and design engineer. He has a BSc and B Eng (Hons) in Electrical Engineering.
