Nat’l Commission Says: Jones Act No Hinderance to Spill Clean Up
The January 11, 2011 report from the non-partisan National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling confirmed the Jones Act did not…
This Day in U.S. Coast Guard History – January 14
1942- A Coast Guard aircraft, Hall PH-3 No. V-177, dropped food to a raft with 6 survivors of a torpedoed tanker. 1985-Vice President George Bush made an official…
This Day in U.S. Naval History – January 14
1943 - In first submarine resupply mission, USS Gudgeon lands 6 men, 2,000 pounds of equipment and supplies on Negros Island.
Teekay Announces Senior Management Appointments
Teekay Corporation (Teekay or the Company) (NYSE:TK) announced that its current President of its Shuttle Tanker and FSO business unit, Kenneth Hvid, has been appointed…
Nordic Tankers, WOMAR establish “Nordic Womar” JV
Nordic Tankers A/S and WOMAR Logistics Pte. Ltd. have reached an agreement to establish a jointly owned independent pool management company with the name of “Nordic Womar”.
Gladding-Hearn Starts Building for service to Dry Tortugas
Having recently signed a new 10-year contract with the National Park Service (NPS) for passenger service between Key West, Fla., and the Dry Tortugas National Park…
GE38 Looking to Take to the Sea
GE Aviation is planning to leverage the modern technology and performance of the GE38 into an engine option for marine applications. The GE38 is one of the most technologically advanced turboshaft engine in its class, and it has been selected to power the Sikorsky CH-53K helicopter in development for the United States Marine Corps. Compared to its T64 turboshaft engine predecessor, the GE38 provides 57% more power within the same envelope, 18% better fuel consumption, and has 63% few parts.
Singapore Stocks May Rise, Europe Debt Woes Ease
According to a Jan. 13 report from Reuters, shares of Chinese shipbuilding firm Yangzijiang may be in focus after it said on Wednesday it clinched 15 shipbuilding…
Ship Orders May Jump 4%, Fuel Demand Increases
A Jan. 13 report from Bloomberg said global shipbuilding orders may rise four percent this year to the highest since 2008 as economic recovery drives demand for consumer goods and fuel…
Supertanker Rates May Jump Next Week
According to a report from Bloomberg, the chartering manager of Dynacom Tankers Management Ltd., an Athens-based operator of supertankers, told Bloomberg that vessel…
Vela Adds Double-Hulled Crude Tanker
According to a report from Bloomberg, Saudi Aramco, the world’s largest state-owned oil company, said a new very large crude carrier entered service with its tanker…
Daewoo Expects 18% Jump in Offshore Orders
According to a report from Bloomberg, Daewoo Shipbuilding & Marine Engineering Co., the world’s third-largest shipyard, expects orders for drilling vessels and offshore…
Australia: Shipping Rates Poised to Plunge 31%
According to a report from Bloomberg, a 20-mile-long line of commodity carriers off Queensland, suffering its worst floods in a half- century, means less income…
Towboats Still in Demand
In spite of the economic gloom of 2010, the demand for solid reliable towboats for the U.S. inland waterways has continued. An example of this is Higman Marine Services’ latest addition. The final month of 2010 saw yet another towboat added to the fleet of their subsidiary Higman Barge Lines. As with many earlier boats The M/V Baffin Bay was built by Hope Services of Dulac Louisiana. But this boat is one of the newly designed and larger 78 by 34-ft vessels.
Costamare Declares Quarterly Dividend
Costamare Inc. (NYSE: CMRE), owners and providers of containerships for charter, announced that the company's board of directors declared a dividend for the fourth quarter ended December 31…
SCI Exceeds Fundraising Expectations, Awards Industry Leaders
SCI awarded three honorees at the River Bell Awards Luncheon on December 9, 2010. Stephen Little of Crounse Corporation (River Bell Award), Buck Lay (River Legend Award), and the Rev.
Euroseas Charter Agreement for M/V Aristides N P
M/V Aristides N P, a 69,268 dwt, 1993 built Panamax bulk carrier, has been chartered until May 2012 at a gross daily rate of $14,950. The charter will commence upon…
UK to Review North Sea Drilling Rules
According to a report from Reuters, Britain said on Jan. 12 it would review its regulations covering offshore oil and gas drilling in the North Sea following the publication of a U.S.
MES Delivers M/V Fortune Wing
Mitsui Engineering & Shipbuilding Co., Ltd., (MES) completed and delivered a 56,000 dwt type bulk carrier M/V Fortune Wing (MES Hull No. 1759) at its Tamano Works on 12th January, 2011 to White Citron Shipping S.A., Panama. This vessel is a handy-max type bulk carrier of 56,000 dwt with a huge cargo hold capacity over 70,000 m3 and marks the 116th ship of its series. This 56,000 dwt type bulk carrier series of MES is widely called Mitsui’s 56.
BASS Sells Out of Star Information Systems
BASS Software Ltd., global provider of software for fleet and rig management, will use the financial resources it freed up after selling itself out of Star Information…