Iranian Officials Say Condensate and Fuel Oil on Ships
As traders speculate over what type of oil is being kept by Iran in floating storage, two Iranian oil officials said on Thursday that the oil was condensate and fuel oil.
Commerzbank Sells 18 Ships for $254.5mln
KKR & Co LP's Embarcadero Maritime unit will pay $254.5 million to buy 18 dry bulk and container ships from Commerzbank AG's Hanseatic Ship Asset Management GmbH, the companies said on Thursday. U.S.
CITB Employees Vote Down Union Petition
Representative employees of marine transportation company of Cook Inlet Tug & Barge Inc. (CITB) on Monday voted to reject a petition that would see a union organize to represent the company’s marine employees, CITB announced today. The employees rejected the petition from the Inland Boatman's Union (IBU) by a vote of 11-4, as tallied by the National Labor Relations Board in Anchorage, Alaska. "Cook Inlet Tug & Barge is gratified by the outcome of the election…
Hercules Offshore Expects to Emerge from Bankruptcy in Q4
Rig provider Hercules Offshore Inc said on Thursday that it expects to file for Chapter 11 protection next month and emerge with a restructured balance sheet in the fourth quarter. The company said last month that it had entered into a restructuring agreement with a majority of its debtors and would file for Chapter 11 protection by July 8. Hercules shares were down 5.8 percent at 15.35 cents on Thursday afternoon.
US Senate Panel Ends Restrictions on Travel to Cuba
U.S. The U.S. Senate Appropriations Committee voted 18-12 on Thursday to end restrictions on Americans travel to Cuba, a committee spokesman said. Four committee…
BCG Debuts Desktop Ship Simulator
Buffalo Computer Graphics (BCG) Inc. has launched a turnkey desktop ship simulator that adds a visual component to the company’s existing line of radar and communication simulation products. The system represents the integration of BCG products with third party software for a complete desktop simulator which features an out of window single channel visual display. The simulator is scalable to meet the requirements and budget of the customer…
US Seeks to Ease Cuba Travel, Shipping Rules
Republican and Democratic U.S. senators will introduce amendments to a Senate bill on Thursday that would end some major U.S. restrictions on travel and trade with Cuba…
Konecranes Replaces 24 Hoists for Cenex Harvest State
Konecranes South Louisiana operations group completed a simultaneous replacement of 24 hoists in a tightly scheduled two-week service outage at the CHS Myrtle Grove Terminal outside New Orleans. Its South Louisiana operations group recently replaced 24 8-ton hoists mounted on two overhead cranes used to lift and replace top covers on barges delivering grain. These two cranes unload over six million metric tonnes of grain each year…
Canada Invests in a Greener Coast Guard College
Canada’s government has invested nearly $11 million to date for improvements and repairs to the Canadian Coast Guard College. The government of Canada is investing $8.6 million to replace the college’s roof, addition to $2.3 million already devoted to upgrading the emergency electrical system, announced transport minister Lisa Raitt on behalf of the fisheries and oceans minister Gail Shea. The investments…
Shipper Fined for Dumping Garbage in the Great Barrier Reef
The master and owners of the Hong Kong registered bulk carrier ANL Kardinia have been prosecuted for illegally dumping garbage in the Great Barrier Reef Marine Park.
USS Cincinnati Will Be Powered by GE Engines
GE Marine said its LM2500 marine engines will provide power for the U.S. Navy’s new Littoral Combat Ship (LCS), USS Cincinnati (LCS 20). USS Cincinnati’s two engines will be manufactured at GE’s Evendale, Ohio facility. Each LM2500 engine produces more than 29,500 horsepower, propelling the ship to speeds in excess of 40 knots or 46 miles per hour, the engine manufacturer said. “We are excited to learn that the U.S.
DryShips Announces Write-Off of Receivables
DryShips Inc., a global provider of marine transportation services for drybulk and petroleum cargoes, and through its subsidiary, Ocean Rig UDW Inc., of off-shore contract drilling oil services…
US Senator Introduces Bill to Stop Arctic Drilling
A piece of legislation aiming to stop offshore Arctic drilling was introduced last week by Oregon Senator Jeff Merkley. The legislation, entitled Stop Arctic Ocean Drilling Act of 2015, would prevent new or renewed leases for the exploration, development or production of oil, natural gas or any other mineral in the Arctic planning area. "A spill in the Arctic would be an environmental catastrophe of extraordinary proportions – and such a spill is inevitable if drilling proceeds," Merkley said.
Vancouver to Install Shore Power for Containerships
Funding for the installation of shore power facilities for container vessels at two Port Metro Vancouver container terminals has been announced by Kerry-Lynne D. Findlay, Canada’s Minister of National Revenue and Member of Parliament for Delta-Richmond East, on behalf of Lisa Raitt, Minister of Transport, and Port Metro Vancouver President and Chief Executive Officer Robin Silvester. Also present for the announcement were partners BC Hydro…
Asia Dry Bulk-Capesize Rates Steady
Brazil-China capesize rates hit seven-month high; Pacific capesize market dragged by buoyant tonnage supply. Freight rates for capesize bulk carriers are likely…
Iran: Condensate, Fuel Oil Stored Afloat
Iran says it is storing condensate and fuel oil, not crude; some traders believe crude is being stored. As traders speculate over what type of oil is being kept by Iran in floating storage…
INTERTANKO Demands End to Nigeria Tanker Blacklist
A ban on 113 oil tankers by Nigerian state oil company NNPC must be lifted immediately as no grounds have been given for the measure, the global oil tanker industry…
France: Job-Saving Offer in Bid to End Port Crisis
The French government unveiled proposals on Thursday to save local ferry jobs and end a stand-off in the port of Calais in northern France that has repeatedly disrupted traffic in the Channel Tunnel.
USCG Rescues Woman from Missouri River
Crewmembers from the Coast Guard Cutter Gasconade rescued a woman from the Missouri River near the I-680 Bridge, Monday. While at homeport, a crewman working late…
Damen Launches Ice Class RoPax Ferry
The second of two 80-meter ice class Ro-Pax ferries - the MV Legionnaire - has been launched at Damen Shipyards Galati, Romania. The naming was performed by Lori Anne Companion…
