GPA Spends $86.5m on Ship-to-Shore Cranes
The Georgia Ports Authority Board approved Monday $86.5 million to purchase four new ship-to-shore cranes and 20 new rubber-tired gantry cranes (RTGs) used to handle containers at Garden City Terminal. âOur continued infrastructure investments enable us to work larger vessels and provide faster service to our customers,â said GPA Executive Director Curtis Foltz. This latest order of new cranes is scheduled to arrive in February 2016âŠ
NewLead Takes Delivery of Eco-Type Handysize Vessel
NewLead Holdings Ltd. (NASDAQ: NEWL) said that "Newlead Albion", a 2012-built dry-bulk eco-type Handysize vessel of 32,318 dwt, was delivered to NewLead's fleet on Monday, May 19, 2014. The Newlead Albion is trading on the spot market and is expected to generate $2.0 million EBITDA per year assuming $1.73 million yearly OPEX. The Newlead Albion is one of the two eco-type vessels that the Company agreed to acquire in March 2014âŠ
Nordic Shipholding's Establishses JV
Nordic Shipholding A/S has been informed that Pacific Alliance Group (âPAGâ), which controls Nordic Shipholdingâs majority shareholder, Nordic Maritime S.á r.l., has entered into an agreement with BW Group regarding the establishment of a joint venture to target a consolidation in the product tanker market. Nordic Shipholding is not a party to the agreement. It is too early to say what the consequences of this agreement will be, if any, for Nordic Shipholding.
McDermott Signs Agreement for Gulfport Spoolbase
McDermott International, Inc. (NYSE: MDR) said that one of its subsidiaries has signed a lease agreement with the Mississippi Development Authority and the MississippiâŠ
Saga Pearl 2 Visits Port of Kiel
North Germany shore trips ever more popular with passengers. The cruise ship âSaga Pearl 2â of Saga Cruises arrived in Kiel this morning (Monday, May 19th) from England for her first-ever visit to the port. She sailed over night through the Kiel Canal and was welcomed at the entrance to the Kiel Fiord with a water fountain display from a port tug which escorted the cruise ship to her berth at the Ostseekai.
Ivory Coast's Abundant Rains Mixed for Cocoa Crop
Abundant and regular rains last week in Ivory Coast's cocoa growing regions raised concerns of crop damage, although conditions were good for the development of the mid-crop elsewhereâŠ
Maritime Jacques Cassard Orders Engine Room Simulator
Kongsberg Maritime and Lycée Maritime Jacques Cassard in Nantes have signed a contract for the delivery of an advanced Engine Room Simulator. Lycée Maritime Jacques Cassard is the eighth of twelve French Regional Maritime Vocational Schools to use K-Sim Engine for highly realistic maritime engine room training courses. K-Sim Engine full mission simulators are already installed at LPM of Boulogne-sur-MerâŠ
USCG Cutter Biscayne Bay Hauled Out
Great Lakes Shipyard hauled out the United States Coast Guard Cutter Biscayne Bay using its 770-ton capacity Travelift. This is the second of the USCGâs six (6) Great Lakes stationed 140-foot Bay Class ice breaking tugs to be drydocked using Great Lakes Shipyardâs new Marine Travelift. The Shipyardâs Travelift has also been used to lift one of the 150-foot Buoy Barges pushed by the Bay Class Tugs, and the USCGC Buckthorn, stationed in Sault Ste. Marie, Michigan.
Five Chinese Indicted in U.S. for Cyber Spying
A U.S. grand jury has indicted five members of the Chinese military for allegedly cyber spying on American companies in the nuclear power, metals and solar products industries, the Department of Justice said on Monday. The military hackers conspired to steal information that would be useful to competitors of those companies in China, including state-owned companies there, the agency said. Six American companiesâŠ
DW: Cyclical Steel Ride Continues
Since 1990, steel has been used in the construction of some of the worldâs biggest thrill rides but in recent years it is the steel market itself that has seen all the dips and climbs of a high speed rollercoaster. As the global shipping industry went through a major build cycle between 2002-2007 demand for steel plate grew over 350%, placing a significant strain on existing mill capacity and driving prices and profitability higher and higher.
Jaccar to Launch Bourbon Buyout on May 20
Jaccar Holdings, the main shareholder of Bourbon, said on Monday it will launch an offer to buy the French ship supplier on May 20. Bourbon said in March that the offerâŠ
Aquino: China Violates Informal 'Sea Code'
Philippine President Benigno Aquino accused China on Monday of violating a 12-year-old informal code of conduct in the South China Sea with land reclamation work in a disputed shoal.
Port Harcourt Jetty Blast Won't Impact Operations
Pipeline vandals caused an explosion at a jetty near Nigeria's 210,000-barrels-per-day capacity refinery in the southern oil hub of Port Harcourt, officials said on Monday.
UK Families ask U.S. to Resume Search for Sailors
The families of four British sailors missing since their yacht capsized in the Atlantic Ocean three days ago appealed to the U.S. Coast Guard on Monday to resume its search.
Pemex Resumes Light Crude Sales to U.S. West Coast
Mexico's Pemex has quietly begun shipping light Isthmus crude to a variety of West Coast refiners this year, according to U.S. and Reuters data, resuming such sales after a six-year hiatus.
South Korea's Park Apologizes for Ferry Disaster
South Korean president apologizes, vows tough punishment. South Korean President Park Geun-hye, tears rolling down her cheeks, formally apologized on Monday forâŠ
Korean Coast Guard to be Broken Up
South Korean President Park Geun-hye formally apologized on Monday for a ferry disaster last month that killed about 300 passengers, mostly school children, andâŠ
German Shipyard Welcomes Cunard's QE to Dry-Dock
The cruise ship 'Queen Elizabeth', has arrived at the Blohm & Voss Shipyard in Hamburg, Germany, for her first scheduled dry-docking since she entered service in 2010, inform Cunard Line.
Evergas Order Wärtsilä Systems for New Multigas Carriers
The integrated Wärtsilä solution, comprising the main propulsion equipment, the gas fuel supply system, and the cargo handling system, has been ordered for 3 new state-of-the-art 27âŠ
UK Declares Strategy for Maritime Security
The strategy released by the Ministry of Defence, outlines, for the first time, the UKâs approach to delivering maritime security at home and internationally, settingâŠ
