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15 Jun 2017
Port of Charleston Cleared after Bomb Scare
A container terminal at the Port of Charleston has resumed normal operations after being cleared of a potential bomb threat aboard a containership. At approximately 8 p.m. Wednesday authorities were informed of a potential threat in a container aboard the vessel Maersk Memphis moored at Charleston's Wando terminal, forcing a temporary evacuation of the terminal while federal, state and local bomb detection units investigated the threat.
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14 Jun 2017
Kirby Corp Acquires Stewart & Stevenson
Houston based tank barge operator Kirby Corporation said it has signed an agreement to acquire the assets and businesses of Stewart & Stevenson LLC for approximately $710 million. The agreement was signed on June 13 by the companies’ executive chairmen, Joseph H. Pyne of Kirby Corporation and Hushang Ansary of Stewart & Stevenson. Kirby said the purchase will be funded through its revolving credit facility and common stock valued at approximately $355 million.
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13 Jun 2017
Maersk Sells Mercosul Line to CMA CGM
An agreement between two container carrier giants will see CMA CGM acquire Maersk Line owned Mercosul Line, a player in Brazil’s domestic container shipping market. The price of the sale was not made public. The transaction is subject to Brazilian regulatory approval as well as the closing of Maersk’s recent Hamburg Süd acquisition. At the earliest, Mercosul's integration within CMA CGM is expected to start in Q4 2017 at the same time as the Hamburg Süd integration.
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31 May 2017
Pirates Fire on M/T Muskie
Armed pirates chased and fired upon the M/T Muskie while the laden tanker was transiting the Bab el-Mandep strait, as pirate activity continues its resurgence in the region.
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24 May 2017
Ships Parade Kicks off NY Fleet Week
From the tree lighting at Rockefeller Center to New Year's Eve in Times Square, New York’s time-honored traditions are some of the most well-known around the world. Arriving today as part of another New York tradition, a “parade of ships” from several branches of the U.S. military (and one ship from Canada) sailed into the New York Harbor and up the Hudson River from Battery Park to just south of the George Washington Bridge, for the 29th annual Fleet Week New York (FWNY).
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23 May 2017
Odfjell Buys Secondhand Chemical Tanker
Oslo listed shipping firm Odfjell SE said it has purchased a secondhand stainless steel chemical tanker for $25.5 million. The M/T Argent Eyebright, built in 2009 by Kitanihon Shipbuilding in Japan…
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19 May 2017
Fincantieri Buys Majority Stake in STX France
Italian shipbuilding company Fincantieri S.p.A. said it has signed a share purchase agreement for the acquisition of 66.66 percent of the share capital of STX France shipyard from its current shareholder STX Europe AS. The agreement entails a purchase price of €79.5 million ($89 million). Fincantieri continues to negotiate with the French State for the finalization of the shareholders’ agreement for STX France in accordance with the Heads of Terms signed on April 12.
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05 May 2017
Meyer Turku Reports Larger 2016 Profit
Shipbuilder Meyer Turku reported a net profit of 25 million euros ($27.4 million), or 3.2 percent of revenue, in 2016, rising from 15 million euros ($16.5 million) in 2015. The Finish shipyard, which specializes in cruise ship and large passenger vessels, said it has seen been on a “good and economically sustainable path” since the Meyer family took ownership in 2014. Revenues rose 33 percent last year from 594 million euros ($651.5 million) in 2015 to 792 million euros ($868.7 million) in 2016.
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02 May 2017
Maersk Line Deploys First Second-gen Triple-E
Four years after the arrival of the first Triple-E vessel, Maersk Line has now deployed Madrid Maersk, the first of its second-generation Triple-E containerships. With nearly 2,000 more TEU capacity than the prior generation Triple Es, the 20,568 TEU (nominal capacity) Madrid Maersk has set sail on Maersk Line’s Asia – Europe service network, calling the Port of Tianjin in China on April 27 as its first port on its maiden voyage.
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27 Apr 2017
Buoy Shot and Sunk off Block Island
A U.S. Coast Guard crew was conducting regular aids-to-navigation maintenance when they found a buoy submerged near Block Island, R.I. When the crew raised the 12,000-pound buoy on Monday, they discovered it was riddled with 20 bullet holes. Clay Head buoy number 7 marks a large rock three feet below the water's surface and is supposed to be key navigational tool for mariners. Instead it turned into…
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24 Apr 2017
Viking Line Inks Shipbuilding Deal with Xiamen
Finland based Viking Line said it has signed a conditional contract with Chinese shipyard Xiamen Shipbuilding Industry Co. for the construction of a new passenger cruise ship for delivery in 2020. A final agreement is subject to the approval of the board of directors of both parties, as well as financial arrangements entered. The total contract amount is about €194 million and includes an option on another vessel.
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20 Apr 2017
BW Group Delivers First VLCC TO DHT
DHT Holdings, Inc. said it has taken delivery of the DHT Utik, the first of 11 very large crude carriers (VLCC) acquired from BW Group Limited in exchange for DHT's shares. The delivery was made despite a last-minute effort by rival oil tanker firm Frontline to prevent the deal that will bring BW's ownership in DHT to 33.5 percent, surpassing Frontline as DHT's top shareholder. Frontline’s lawsuit was rejected in New York County Supreme Court.
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18 Apr 2017
Scorpio Sells Two Kasamax Bulkers
Scorpio Bulkers Inc. said it has reached agreements with unaffiliated third parties to sell two Kamsarmax bulk carriers approximately $45 million combined. The two vessels…
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12 Apr 2017
Veotec Supplies Water Removal Vanes to Vigor
Air intake systems designer and manufacturer Veotec said it has supplied air inlet vanes (vertical louvers) and CP2 filters to U.S. shipbuilder Vigor for two pilot boats delivered to the Port of Duqm Company SAOC, Sultanate of Oman. Veotec's scope of supply for each pilot vessel included two SE2 two stage (louver and coalescer) units for engine room combustion and ventilation air supply, and one SE2 two stage (louver and coalescer) unit for the A/C make up air inlet.
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07 Apr 2017
Channel Dredging to Commence in Mumbai
Dredging works for the deepening and widening of the access channel toward Jawaharlal Nehru Port in Mumbai, India is scheduled to commence in the coming weeks and last for approximately two years.
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31 Mar 2017
Aerial Drone Scans for Pirates off Somalia
A team of antipiracy personnel currently on patrol off Somalia has deployed an unmanned aerial vehicle (UAV) to help scan for potential pirate activity in the region. As part of the counter-piracy military operation EU NAVFOR Somalia, also known as Operation Atalanta, the UAV crew from Spain’s 11th Squadron has been conducting air surveillance and reconnaissance patrols off the Somali coast using its ScanEagle drone from the deck of Spanish Navy ship ESPS Galicia.
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24 Mar 2017
Search Called off for Missing Cruise Ship Passenger
The search for an American cruise ship passenger who fell overboard 33 miles off the Cuban coast has been suspended after more than 16 hours of searching. The U.S.
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23 Mar 2017
Denmark Makes More AIS Data Available
Having already published Automatic Identification System (AIS) vessel traffic data from 2014-2016 on its website, the Danish Maritime Authority (DMA) has made even more historical AIS data available. Now anyone who may be interested can also access Danish AIS data from 2006 to 2014. The files will be available for free from the DMA website, but only for the next six months, as the data quantity is comprehensive and will require large storage capacity, the DMA said.
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21 Mar 2017
Clean Shipping on the Great Lakes
Maritime Reporter & Engineering News recently spoke with Mark Barker, president of The Interlake Steamship Company, who has sent its fourth vessel — its second 1,000-footer — to be outfitted with exhaust gas scrubbers. After seriously pursuing the possibility of converting its ships to run on liquefied natural gas (LNG) several years ago, U.S. based Great Lakes shipper The Interlake Steamship Company found that the region’s LNG infrastructure was simply not present to support such conversions.
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16 Mar 2017
Mega 20,150 TEU Containership Named MOL Triumph
A new 20,150 TEU containership has captured the “world’s largest” title: MOL Triumph, the first in a series of new mega containerships for Japan’s Mitsui O.S.K. Lines, Ltd., (MOL) was named at Samsung Heavy Industries, Ltd.’s (SHI) Geoje, South Korea shipyard. MOL Triumph is the first of four 20,000 TEU class ultra-large container carriers ordered by MOL in February 2015 to be built by SHI for 2017 delivery.