Del Mar Marine Corp. based in Miami, Florida, was appointed in May as shipyard agents by the following yards: Dalian Daeyang Shipyard Co., Ltd. (China), Guangzhou CSSC-Oceanline-Gws Marine Engineering Co., Ltd. (China), Ilyichevsk Shiprepair Yard (Ukraine), Industria Naval del Pacifico S.A. de C.
Containerships, a shortsea carrier, has chosen North East based Teesport, owned by PD Ports, as its strategic freight hub for Northern Europe. The shipping line, which acquired Mediterranean short-sea specialist Contaz in March, has chosen to use Teesport, the UK’s third largest port by volume,
The IATA approved Finnish forwarding company Oy FCS Logistics Ltd has been renamed GreenCarrier Finland Oy, with effect from 23 February, 2009. All contact details will be unchanged with the exception of e-mail addresses, which will adopt the style firstname.familyname@greencarrier.com. The company’s new website address will be www.
Following Motor Vessel Faina's release by Somali pirates Feb. 5, the U.S. Navy is providing humanitarian assistance support to the merchant vessel and its crew.Sailors from the Norfolk-based destroyer, USS Mason (DDG 87), went aboard Faina to conduct a health and comfort inspection of the crew as well as provide Faina's crew with food,
The International Court of Justice (ICJ) issued its decision in the maritime boundary dispute between Romania and Ukraine. The parties have disagreed over the boundaries of their respective continental shelves and exclusive economic zones in the Black Sea to the south and east of Serpents’ Island since the Ukraine became independent.
Contrary to the romanticized portrayal of pirates that have populated folk tales and captured youngsters' imaginations, modern-day pirates pose a clear and present threat to lives, commerce and the environment as they lurk over shipping lanes attacking ships and crew without regard for nationality or cargo.
Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on transportation of dry bulk cargoes, announced its operating results for the third quarter and nine months ended September 30, 2008. Financial highlights include: Third Quarter 2008 • The Company reported net income of $35.
Green Refers ASA third quarter 2008 report highlights:• Reefer market lower in 3Q compared to last year• EBITDA at $2.2m in 3Q vs $.8m in 3Q 07• So far 2008, 4.3 percent of the world reefer fleet scrapped • Four vessels of 375,
On November 6th, 2008, SpecTec participated in the awards ceremony for the “Best Cadet in AMOS” Competition at Odessa National Maritime Academy in Ukraine.The ceremony kicked off with a speech from ONMA management on the importance of Asset Management Operating System (AMOS) courses.
Commander, U.S. Naval Forces Europe-Commander, U.S. 6th Fleet flagship USS Mount Whitney (LCC/JCC 20) arrived in Varna, Bulgaria Nov. 8 to officially kick off the multinational Black Sea Partnership Cruise (BSPC), set to commence Nov. 10.Representatives from Azerbaijan, Bulgaria, Estonia,
STX Europe has refinanced its revolving credit facility. The new facility is a 3 year financing of $86.8m, provided by Nordea. Woori Bank of Korea, is participating with 50 percent."For a capital intensive industry like ours, where we continuously take on and complete new shipbuilding projects,
The crew of the merchant vessel MV Faina stand on the deck of the ship after a U.S. Navy request to check on their health and welfare. The Belize-flagged cargo ship, owned and operated by Kaalbye Shipping, Ukraine, was seized by pirates Sept. 25 and forced to proceed to anchorage off the Somali coast.
Star Bulk Carriers Corp. (Star Bulk) announced a change in the employment status of a Capesize vessel in its fleet, the Star Beta, and a dispute relating to that change. The Star Beta, a 1993-built Capesize vessel of 174,691 dwt., was time chartered by Star Bulk to Industrial Carriers Inc. of Ukraine (ICI).
On October 3, the U.S. Navy’s Fifth Fleet released this photo of the crew of the MV Faina. The crew on the hijacked cargo ship appear to be in good health, the Navy reported. The ship's Russian captain died of a heart condition nearly two weeks ago, reports said. The Belize-flagged cargo ship,
As an armed U.S. destroyer patrolled nearby and planes flew overhead, a Somali pirate spokesman demanded a $20m ransom to release a cargo ship loaded with Russian tanks, reports said.Pirates demanded $20m in exchange for a Ukrainian-operated ship they hijacked off the coast of Somalia last week, according to The Associated Press.
By Mass Communication Specialist 2nd Class (SW/AW) Jenniffer Rivera, Fleet Public Affairs Center Detachment EuropeMilitary Sealift Command (MSC) oceanographic survey ship USNS Pathfinder (T-AGS 60) identified two sunken vessels during a joint, at-sea capabilities demonstration in Ukrainian territorial waters.
Military Sealift Command oceanographic survey ship USNS Pathfinder kicked off its scheduled at-sea capabilities demonstration Sept. 7 after departing Sevastopol, Ukraine.During the at-sea demonstration, Pathfinder is searching for Soviet-flagged hospital ship SS Armenia which was sunk during World War II.
Military Sealift Command oceanographic survey ship USNS Pathfinder arrived in Sevastopol, Ukraine, to pick up Ukrainian personnel and members of the U.S.-based Institute for Exploration for an upcoming at-sea capabilities demonstration with Ukraine’s Department of Underwater Heritage.In April 2008, the Ukranian government invited the U.
Aker Yards and FLC West have completed the previously announced transaction in which FLC West comes in as a 70 percent shareholder in three shipyards in Germany and Ukraine. The agreement has been approved by all relevant regulatory authorities. The transaction strengthens Aker Yards' financial capacity and liquidity,
The original contract signed on February 26, 2004 with Blackford Dolphin Pte Ltd (Owner), a subsidiary of Fred Olsen Energy ASA, for work to be carried on the Blackford Dolphin was $177m. The expected delivery date was in June 2007. On July 20, 2007, an addendum was agreed upon, which took into
Aker Yards and the Russian company FLC expects to complete the transaction in which FLC buys 70 percent ownership in three yards in Ukraine and Germany in July 2008. The agreement was announced 25 March 2008. The one remaining item in the process before the transaction is concluded is to complete the
Aker Yards has not yet received confirmation from FLC West that they have received approval from Ukraine competition authorities for FLC's acquisition from Aker Yards of 70 percent of the shares in the subsidiary Aker Yards Ukraine Holding. Under the agreement which the two companies announced 25 March 2008,
After delivery to Singaporean owner, Briggs Singapore Pte. Ltd., the 1700 hp tug Forth Hunter will be be put to work in Ukraine. Powered by a pair of Cummins KTA38-M2 engines, each delivering 1350 hp at 1900 RPM (Heavy Duty Rating) to nozzled propellers, the tug underwent bollard test prior to delivery that recorded pulls up to 35-tonnes.
Italy-based classification-society RINA has reported strong growth inboth turnover and net returns for 2007. Turnover for the 2007 year wasEuro156m, up 20 per cent on 2006, and EBITDA was Euro25.2m, on a netreturn growth of 25 per cent compared to the 2006 financial year.Ugo Salerno,
Aker Yards ASA sold 70 percent of the ownership in three of the yards within its business area Merchant Vessels to FLC West, a Russian owned investment company. When the deal is approved an consummated, Aker Yards will receive EUR 291.9 million from FLC West. Aker Yards ASA has three business areas; Cruise & Ferries,
Crowley Maritime Corporation's energy and marine services has safely completed the tug-and-barge transportation and discharge and delivery of oversized cargo across a remote beach in Cabinda Province Angola, West Africa to the Cabinda Gas Plant.
In partnership with Chicago Bridge and Iron (CB&I) and Cabinda Gulf Oil Company (CABGOC),
Sulfur from two ships that sank in a storm near the Black Sea last week is leaking into waters already polluted by an oil spill from another vessel, UkraIne's Environment Ministry said on Monday.
Four ships sank in the Kerch Strait on the northern mouth of the Black Sea in one of the worst storms in a century.
Dolphin Offshore Enterprises (India) Ltd., an offshore construction and ship repair company for the oil and gas industry, has lined up investments worth Rs 1,000 crore over the next 5-6 years, a senior company official said.
Dolphin has already invested $35m in the initial expansion plans like acquiring ships.
Aker Kvaerner has signed an agreement for acquisition of 50 percent of the shares in the German company Wirth Maschinen- und Bohrgeräte-Fabrik GmbH (Wirth) with an option to buy the remaining shares within the next years.
Wirth is a quality supplier of drilling equipment such as mud pumps, drawworks and components for top drives.
Aker Kvaerner has signed an agreement for acquisition of 50 percent of the shares in the German company Wirth Maschinen- und Bohrgeräte-Fabrik GmbH ("Wirth") with an option to buy the remaining shares within the next years.
Wirth is a quality supplier of drilling equipment such as mud pumps, drawworks and components for top drives.
Effective from August 1, 2007, Maersk Line is increasing the Bunker
Adjustment Factor (BAF) between Mediterranean ports and the United States and Canada. The change follows the higher oil prices.
The new bunker surcharges will be:
$ 453 (currently $ 399) per 20 ft. container
$ 906 (currently $ 798) per 40 ft.
Funding for the GloBallast Partnerships project, to assist developing countries in reducing the transfer of harmful aquatic organisms in ships' ballast water, has been approved by the intergovernmental Council of the Global Environment Facility (GEF), enabling the project to enter an exciting new phase.
Maine Maritime Academy’s (MMA) training ship, State of Maine, arrived earlier today in Palermo, Sicily, a port-of-call not originally on the itinerary of the college’s annual two-month training cruise. The rescheduled port visit was necessitated by the ship’s 3-day diversion to Siracusa, Sicily, due
Ticonderoga-class guided missile cruiser USS Anzio (CG 68) conducts a fueling at sea with Nimitz-class aircraft carrier USS Dwight D. Eisenhower (CVN 69). Eisenhower and embarked Carrier Air Wing (CVW) 7 are on deployment in support of Maritime Security Operations (MSO). U.S. Navy photo by Mass
Aker Yards has sold a combi freighter to Briese Schiffahrts GmbH & Co, in Leer (Lower Saxony / Germany) to be delivered from Damen Shipyards Okean in the Ukraine, a joint venture between Aker Yards and Damen Shipyards Group. The value of the contract is approximately $24.9m. Delivery is scheduled in the fourth quarter of 2007.
Aker Yards ASA reported an EBITDA of NOK 401 million for the fourth quarter of 2006, an increase of 15 percent compared with the fourth quarter of 2005. The EBITDA result for 2006 was NOK 1 443 million, up 40 percent from 2005. Earnings per share (EPS) were NOK 21.77 for the quarter, and NOK 46.56 for the full year.
Aker Yards in Ukraine (Damen Shipyards Okean) has been awarded a contract for delivery of three multi-purpose vessels by the Ukrainian shipping company JSSC Ukrrichflot.
The yard has previously built six vessels in the same series for the company, and an additional three vessels are currently under production.
Boeing Co. (BA) completed its purchase of C-Map, a provider of digital maritime cartography with operations in Italy, the U.K., Norway, Poland, Russia, Ukraine, Australia and the U.S.
Financial terms weren't disclosed, and Boeing said the deal won't affect its financial guidance.
C-Map will become part of Jeppesen's marine division.
Maersk Line is pleased to announce our improved Asia - Europe network, which we will launch in April 2007.
The new Asia - Europe network is a result of the ongoing review of Maersk Line's global network.
"To support the improvements and accommodate the expected market growth of
15% on the westbound
London law firm Lawrence Graham LLP says owners and charterers should beware a rash of disputes caused by the recent high bunker prices.
Writing in the October issue of Lawrence Graham’s newsletter, Shipping Lawgram, Imogen Rumbold, partner in the shipping law team, says, “Forecasting oil prices