Troy Container Line Expands Services in Ireland
NVOCCTroy Container Line, Ltd. announced the launch of its newly expanded export services to Ireland. The new EMERALD ISLE EXPRESS sailing service will begin on Tuesday…
Star Bulk Defers More Ship Deliveries
In February 2016, Star Bulk has agreed to defer the delivery of five Newcastlemax vessels from 2016 to 2017 and 2018: three vessels were deferred from Q1 2016 to Q1 and Q3 2017, and two vessels were deferred from Q1 and Q2 2016 to Q1 2018. Consequently, $188 million of CAPEX originally due in 2016 has been deferred to 2017 and 2018. During the last 12 months, the company has pushed back the delivery of 16 vessels for 124 months in aggregate, or eight months per vessel.
Volvo Penta’s Kull a Top Woman in Manufacturing
Marcia Kull, vice president of marine sales for Volvo Penta of the Americas, has been selected by the Manufacturing Institute as one of the top women in U.S. manufacturing for 2016. Kull and the other honorees will be recognized at the fourth annual Women in Manufacturing STEP (Science, Technology, Engineering and Production) Ahead Award at a gala dinner April 21 in Washington, D.C. The STEP Ahead…
Recent Vessel Sales - February 2016
Vessel sales for February 2016 (as of March 1) as prepared by Shipping Intelligence, Inc., New York.
Interlake Steamship Begins 2016 Sailing Season
The Interlake Steamship Company’s Dorothy Ann-Pathfinder, an articulated tug-barge unit (ATB), departs winter layup today to begin early-season shuttles of iron ore for ArcelorMittal, an integrated steel and mining company with blast furnaces at the head of the Cuyahoga River. A workhorse of Interlake’s nine-vessel fleet, the combined 711-foot Dorothy Ann-Pathfinder is one of Interlake’s two River-Class vessels…
This Day In Naval History - March 1
1865 - Side-wheel steamship Harvest Moon, while underway near Georgetown, S.C., with Rear Admiral John A. Dahlgren on board, hits a Confederate mine (or "torpedo" in contemporary terms) and sinks with the loss of one of her crew. 1942 - Naval Reserve pilot Ensign William Tepuni, flying a Lockheed Hudson reconnaissance, light bombing and transport aircraft (PBO) from VP-82 Squadron based at Naval Air Station Argentia…
China's Militarization of South China Sea Will Have Consequences -US
U.S. Defense Secretary Ash Carter on Tuesday warned China against what he called "aggressive" actions in the South China Sea region, including the placement of surface…
INS to Help Manned Sub Explore Andrea Doria Wreck
OceanGate, a provider of manned submersible services, and iXBlue, a provider of navigation, positioning and imaging solutions, have partnered to expand the application and use of advanced marine navigation and sonar equipment to explore the world’s deep oceans. As part of the alliance, OceanGate has selected the iXBlue PHINS Inertial Navigation System for use aboard its fleet of Cyclops series manned submersibles.
New Bridge Procedures Guide from ICS
The International Chamber of Shipping (ICS) has published a new edition of the ICS Bridge Procedures Guide, shipping industry guidance on best practice for safe navigation, which is used by seafarers and training institutes worldwide. The fifth edition has been comprehensively revised by an expert working group nominated by ICS’s member national shipowners’ associations, and replaces the previous edition published in 2007.
Sea IT Inks ICT Service Contract with Donsötank
Sea IT informs it has signed a three-year BlueCORE ICT service contract with Donsötank. The deal covers outsourcing of information technology and communication services onboard all vessels with BlueCORE operated by Donsötank. Donsötank has previously modernized and installed BlueCORE, an ICT platform specifically developed by Sea IT for the demanding conditions in the marine industry. “To achieve our…
Senior Defense Officials Discuss Polar Priorities
Chief of Naval Research Rear Adm. Mat Winter met in Finland last week with counterparts from five nations in a first-ever gathering of senior defense officials to…
Finalists Complete for $2 Mln Wave Energy Prize
U.S. The U.S. Department of Energy (DOE) announced that nine teams have been named finalists in the Wave Energy Prize—a 20-month design-build-test competition—and…
ABS-classed Ship Carries Historic LNG Export from US
Milestone marks another ‘first’ in the Class Society’s history of serving the gas market. Cheniere Energy, Inc. has commissioned a cargo from the Sabine Pass LNG Terminal. Carried aboard the Asia Vision, an ABS-classed LNG Carrier, the cargo represents a milestone in ABS’s history of serving the gas industry, the classification society said. “The first export shipment of liquefied natural gas from Sabine Pass is a historic moment for the entire North American energy sector…
China Navy Launches First Self-propelled Floating Dock
China's navy has launched its first self-propelled floating dock, giving it the ability to repair warships far from the coast, the official People's Liberation Army Daily said on Tuesday…
Energy Efficient Dry Cargo Vessel Coated with Ecospeed
Newbuild M/S Eeva VG, the first of two very energy efficient dry cargo carriers managed by VG-Shipping, was coated with Ecospeed at the end of January ahead of her July 2016 delivery. Both new ships are VG EcoCoasters and will operate in the Baltic region. They are owned by Meriaura Group of which VG-shipping is a part. The vessels were designed as a new ship concept by Meriaura together with its partners Foreship Ltd and Aker Arctic Technology Inc.
S.Korea Feb Exports Tumble on China Slowdown, Lower Oil
South Korean exports in February tumbled in their 14th consecutive month of declines, with the longest slump in the country's modern history underscoring how a slowdown in China is putting trade-reliant economies on the skids. The bleak overseas sales from the world's sixth-largest exporter, home to globe-trotting manufacturers of mobile phones to cars to ships, suggest policy makers will have their work cut as they seek to spark growth in the face of faltering demand.
TonenGeneral Imports Japan's First Kurdish Oil Cargo
TonenGeneral imported Japan's first cargo of Kurdish crude from northern Iraq in January, a source with direct knowledge of the matter said on Tuesday. Iraq's semi…
Iraq's Southern Oil Exports Slip in February
Iraq's southern oil exports dropped slightly in February to an average of 3.225 million barrels per day (bpd), the oil ministry said on Tuesday. Shipments from the…
Diana Containerships Posts 2015 Net Loss
Diana Containerships Inc. reported a net loss of $8.8 million for the fourth quarter of 2015, compared to net income of $0.9 million for the respective period of 2014. According to the shipping company, the loss was mainly the result of $6.6 million of impairment charges of the vessel Hanjin Malta, without which the result for the fourth quarter of 2015 would have been a net loss of $2.2 million. Time charter revenues…
Solution to Iran Shipping Insurance Issues Months Away
Frontline, one of the world's largest independent tanker firms, says securing insurance for cargoes carrying oil from Iran is likely to take another two to three months…
- 1
- 2
