Euronav Completes Merger with Gener8 Maritime
Belgian tanker operator Euronav has concluded its merger with U.S. rival Gener8 Maritime, creating one of the world’s largest tanker shipping fleets.Gener8’s shareholders voted earlier this week to approve the merger, and following the closing on Tuesday, 60.9 million new shares issued to Gener8 shareholders as consideration for the transaction began trading Wednesday on the NYSE.The merger, which Euronav CEO Paddy Rodgers described as an “important milestone”…
Spill Prevention & Response: Old Lessons, New Challenges
Emerging spill response trends fit into two big categories: technology and a combination of economic and social forces. Both will shape what comes next.Florida’s stunning Tampa Bay stands out as exactly the kind of place where you have to think about hazardous materials emergencies. It was 25 years ago, on August 10, 1993, that a freighter collided with two barges near the entrance of Tampa Bay, causing a fire and spilling over 32…
On Patrol with Cutting Edge Technology
Combat, patrol and first responder craft of all types are increasingly in need of state-of-the-art equipment to get the job done. That’s where FLIR and Raymarine…
Bulk Carrier Crew Rescues Six Fishermen
On Saturday, June 9, the captain and crew of the Wallem-managed vessel the bulk carrier KSL Seoul rescued six fishermen after their boat was involved in an accident and subsequently capsized.The KSL Seoul was passing through the Mindoro Strait en route to Port Walcott in West Australia when they spotted the capsized fishing boat, the Sister Reds with six Filipino fishermen clinging onto its hull.The…
#BTC100 History
In 1990, Richie Bates (pictured) joined Bouchard Transportation as a mate on the Ellen S. Bouchard, and soon rose to Captain of the Morton S. Bouchard Jr. in 1994. As one of BTC’s long-standing employees, Capt. Bates currently serves as Captain of the M/V Donna J. Bouchard, and leads his crew with a laser focus on always delivering petroleum products safely and efficiently. The July 2018 edition of Maritime Reporter & Engineering News will feature a special “Bouchard Transportation Co.
MN100 Application Deadline is Fast Approaching
Each year the August edition of Marine News magazine, the leading voice in the North American workboat market, features the very best 100 leaders and innovators, including workboat owners and operators, builders, OEMs and repairers, and product and service providers.Participation is free, but to be considered you must apply at http://mn100.maritimemagazine.com/. The July 5 deadline to apply is fast approaching.Contact Joe Keefe with questions at: [email protected]
AMPTC Inks Deal with ASRY for BWTS Installs
Egypt-based Arab Maritime Petroleum Transport Company (AMPTC) has signed a deal with Bahrain-based maritime repair and fabrication facility ASRY to install ballast water treatment systems (BWTS) on part of its fleetThe agreement has already seen one system installed the very large crude carrier (VLCC) Sea Jewel, with a further two more vessels agreed to have installations in the coming months. Negotiations…
Green Marine Elects New Chairman of the Board
President and CEO of the Port of Cleveland, William D. Friedman, was elected chairman of the Green Marine’s Board of Directors following the corporation’s Annual General Meeting on May 31, during GreenTech 2018, in Vancouver B.C. Friedman has been sitting on the Green Marine Board since 2013.The Port of Cleveland is one of the environmental program’s founding members. “I’ve been engaged on the Green Marine board for the last five years…
Twin Disc Acquires Veth Propulsion
U.S. based power transmission technology and equipment manufacturer Twin Disc, Inc. announced it has entered into a definitive agreement to acquire the Netherlands based marine propulsion products supplier Veth Propulsion Holding, B.V. and its wholly-owned subsidiaries.Twin Disc said the purchase price is approximately $58.6 million plus net cash, with potential adjustments based on Veth Propulsion’s working capital as of the closing date…
Baltic Index Rises on Higher Large Vessel Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose for a second day this week on Wednesday, helped by higher…
Shell Feeds Gas to Australia's New Prelude FLNG
Royal Dutch Shell has introduced gas to its 490 meter (1,600 ft) long Prelude floating liquefied natural gas (FLNG) unit as part of the cooling process before start-up, a spokeswoman told Reuters on Wednesday.Gas was fed to the unit from liquefied natural gas (LNG) carrier Gallina, she said.
Singapore Reports Higher May Bunker Fuel Sales
Singapore marine fuel sales climbed to a four-month high of 4.283 million tonnes in May, up 1.2 percent from the previous month and 2.5 percent higher compared with a year ago, data from the Maritime and Port Authority of Singapore (MPA) showed on Wednesday.The strong volumes sold in May were largely in line with industry expectations and come despite sharply higher bunker fuel prices due to rising crude oil prices and shortages of finished grade bunker fuel oil during the month.The cost of 380-
Euronav Sells Suezmax Cap Jean
Tanker company Euronav NV announced that it has sold the Suezmax Cap Jean (1998 – 146,643 dwt) for USD 10.6 million. The vessel was delivered to her new owners on June 8th.
Ocean Yield Invests in Four 3,800 TEU Container Vessels
Ocean Yield announced that it has agreed to acquire four 2014 built 3,800 TEU container vessels with 12-year bareboat charters to companies owned and guaranteed by CMB NV.
Navios Maritime Partners Adds One Panamax Vessel
Navios Maritime Partners, an international owner and operator of container and dry bulk vessels, announced today that it took delivery of the Navios Altair I, a 2006-built…
European Shipowners on Global Trade War
European shipowners, represented by the European Community Shipowners’ Associations (ECSA), express their deepest concerns about recent developments on global bilateral trade relations.
IMO Brings Port Issues to the Fore
Global trade by sea is dependent on the interconnection between ships, ports and people - and everyone needs to be involved, from port operators, to regulators,…
EU Commission Proposes New Fund for Maritime Economy
For the next long-term EU budget 2021-2027, the Commission is proposing EUR 6.14 billion under a simpler, more flexible fund for European fisheries and the maritime economy.
Vittoria Shipyard Delivers Tug for Algeria
Veneto shipbuilder Vittoria Shipyard has marked its return to the construction of harbor and coastal tugs with its latest delivery to the port authority in Skikda, Algeria.The new tug C.869 was ordered in December 2016 by the Algerian Transport Ministry for a cost of €7 million and was delivered in June during an official handover from representatives of the Vittoria Shipyard to a delegation from the…
Stena Line Confirms Newbuild Plans
Stena Line confirmed that the first of its new RoPax ferries currently under construction in China is planned to enter service on its Holyhead – Dublin route early 2020, with the following two vessels to be assigned to Liverpool-Belfast planned for spring of 2020 and early 2021.Last year Stena Line’s parent company, Stena, announced a newbuild contract for a new generation of RoPax ferry vessels, Stena E-Flexer, with planned deliveries during 2020 and 2021.
