Petrobras Launches $8.5B Six-part Bond
Petrobras has launched a $8.5 billion six-bond offering after generating a $22 billion plus order book. The trade was launched as a $1.6 billion three-year fixed at Treasuries plus 250bp…
Tallink Cruise Ship Receives Maintenance at BLRT Yard
The maintenance of passenger ferry Victoria I at Finland’s largest ship repair yard, a part of BLRT Grupp, has been finished. Scheduled maintenance of Victoria I was carried out within six days at Turku Repair Yard’s dry dock. “The success of such projects, when quality maintenance has to be executed within shortest possible time, is ensured by smooth cooperation of BLRT Grupp and ship owner teams and partners.
Today in U.S. Naval History: March 10
Today in U.S. 1783 - USS Alliance (Capt. 1933 - Pacific Fleet provides assistance after earthquake at Long Beach, Calif. 1945 - Navy and civilian nurses interned at Los Banos…
Strike at Vancouver Port Picks up Steam
Unionized container truck drivers set up picket lines at Canada's largest port on Monday, joining hundreds of non-unionized workers who walked off the job last month in a dispute over pay and services. They will now join a nearly two-week long strike by non-unionized drivers, which has already crippled operations at the busy port, hitting the export of commodities like lumber and specialized grain products, and the import of consumer goods.
WSS Joins CLIA Global Executive Partner Program
Wilhelmsen Ships Service (WSS) has strengthened its links to cruise industry owners and operators by becoming a member of the Cruise Lines Industry Association’s Global Executive Partner Program.
Sureclean Added to NRC Group
National Response Corporation (NRC) announced the completion of a deal which sees U.K.-based Sureclean Limited become part of the NRC group. NRC is a global provider of diversified environmental…
MTN Launches Social Media Threat Intelligence
MTN Government (MTNGOV), a subsidiary of MTN Communications (MTN) and a company in satellite communications, cybersecurity and integrated intelligence, surveillance…
Gov't Forces Seize Tanker at Rebel-held Port
Libyan government forces on Monday seized a tanker that had loaded crude at a port under the control of rebels who plan to sell oil independently of the Tripoli government…
BV to Class Largest Gas-fuelled Ro-pax Fleet
International classification society Bureau Veritas (BV) is to class a gas-fuelled major ro-ro passenger ferry newbuilding and oversee the conversion of three existing ro-pax ferries to LNG power for Brittany Ferries. A major risk analysis carried out by Bureau Veritas together with Tecnitas was integral to the decision process for Brittany Ferries to switch part of its fleet to gas fuel. Jean Jacques Juenet…
Russia Could Fend off US LNG Plans for Europe
As Russia tightened its grip on Ukraine's Crimea region this month, U.S. and European Union officials were urging the Obama Administration to speed up approvals…
Moore Stephens Urges Changes to UK Tonnage Tax
International accountant and shipping adviser Moore Stephens has made representations to Her Majesty’s Revenue & Customs (HMRC) about changing the way in which the…
Wärtsilä Launches Inline Scrubber System
Wärtsilä said its new inline scrubber system is designed to offer notable benefits over conventional exhaust gas cleaning systems, and its compact form saves considerable space, which is particularly important in smaller vessels and when being retrofitted, while the lower cost structure of the new design offers CAPEX advantages. With just one scrubber system per engine, installation is faster and easier, Wärtsilä said, which consequently reduces the out-of-service time for the vessel.
Baltic Freight Index up on Higher Dry Bulk Activity
Reuters - The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday. The overall index, which factors…
Bibby Remote Intervention Expands Fleet
Bibby Remote Intervention Limited (BRIL), part of Aberdeen-based subsea installation contractor, Bibby Offshore, has further expanded its fleet by signing a charter agreement for an IRM (Inspection Repair and Maintenance) light construction vessel and adding an additional two ROVs (Remote Operating Vehicles) to its operations. The charter agreement with Olympic Shipping is for a newly built MT6021 vessel for a three year period, with options to extend for an additional two years.
Bureau Veritas, LM Wind Partner for Turbine Certification
Bureau Veritas (BV) said it has signed a framework agreement with LM Wind Power, a supplier of components and services to the wind industry, to cover the certification of wind turbine blades to international standards. The contract follows a collaboration between both companies, sharing knowledge and working together to fully understand the requirements and needs. This engagement and shared commitment…
Aquina Named CEO at Hertel
Hertel hereby announces that Victor Aquina, currently Managing Director of the Hertel Caspian region and the former CEO of Nacap, will be appointed as CEO of Hertel as of 1 April 2014. He will succeed Paul Broekhuijsen who will leave the company as of April 1. Paul Broekhuijsen joined Hertel in April 2011 as CEO and has led the company through a major reorganization these last few years. The Supervisory…
Retail Imports to Rise in March
Import volume at the nation’s major retail container ports is expected to increase 12.4 percent in March as retailers begin to stock up for the spring and the summer season, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “Retailers are bouncing back from the annual post-holiday slowdown and getting ready for the surge in activity that comes each year as the weather warms up…
Ocean Rig Commences Tender Offer
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it has commenced a cash tender offer for any and all of its currently…
Tanker Vessel Hits Memorial Bridge
The U.S. Coast Guard reported that it is responding after a 600-foot tanker vessel, Sea Pride, allided with the Memorial Bridge in Portsmouth, N.H., at approximately 5:30 a.m. Friday. The Malta-flagged vessel was outbound from a Piscataqua River facility when it allided with the bridge on its port side, damaging a fender on the bridge. There was no leak on the ship's double hull, no injuries to the crew, and they continued their journey to Portland, Maine, after contacting the Coast Guard.
CaroTrans Adopts CargoSmart’s Solutions
CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced adoption of CargoSmart’s Japan AFR (advanced filing rules) management solution to effectively address Japan’s new compliance requirement which goes into effect March 10th with no grace period. NVOCCs and ocean carriers are required to electronically submit filings for all Japan-bound ocean cargo or receive substantial penalties for not filing.
