L-3 Westwood has contracted AETI to develop custom-built, commercially oriented marine switchgear for the two separate projects totaling slightly more than $5 million. The end customers are VT Halter Marine, a domestic ship engineering and construction company in the , and affiliates of AHL Shipping Company, a petroleum product transportation company that provides double hull tankers to the domestic petroleum industry. L-3 will provide twin shaft line electric propulsion systems to affiliates of AHL Shipping Company for the building of three, shallow-draft, 49,000 deadweight ton Jones Act and OPA90-compliant chemical product tankers in connection with a charter agreement with Shell Trading (U.S.) Company (Shell Trading). The vessels will have a cargo capacity of 330,000 barrels. These vessels will also be the first Jones Act tankers to be constructed under the Common Structural Rules adopted by the International Association of Classification Societies, which came into effect in April 2006. AETI will work with L-3 to provide the propulsion power distribution systems along with the secondary power distribution systems. Deliveries for VT Halter Marine are expected to be completed by late-2008 and the multiple deliveries for AHL Tanker are scheduled for completion by the end of 2010. AETI will have recognized approximately $2.8 million in sales on these projects through the 3rd quarter of 2008
ATHENS, Greece, April 29, 2011 - Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes, announced today that it has completed the sale and delivery to Box Ships Inc., of both the Box Trader and Box Voyager, two 3,426 TEU high specification containership vessels built in 2010 in exchange for 2,266,600 shares of Box Ships common stock and approximately $69.2 million in cash. Box Ships Inc
Ningbo, April 29, 2011 —— On the morning of 29 April, Sinopacific Shipbuilding Group, China’s leading private shipbuilding enterprise held the ship naming ceremony at its Zhejiang Shipyard for GPA696, the global first fabricated model of Offshore Support Vessel(OSV) built for France’s Bourbon Company. Afterwards, a sea trial event was also held for another global first fabricated OSV, the SX130
Military Sealift Command dry cargo/ammunition ship USNS Richard E. Byrd left Cam Ranh Bay in southern Vietnam today, marking the end of a historic visit - the first by a U.S. Navy ship to the port in more than three decades. Byrd spent seven days at Cam Ranh Shipyard for routine maintenance and repairs that included underwater hull cleaning, polishing of the ship's propeller, repairing shipboard piping, and overhaul of the salt water cooling system that keeps the ship's engines cool
Oil lightering specialists SPT announce expansion of service offshore Cayman Brac after signing agreement Houston based SPT Inc., specialists in ship to ship (STS) transfer (lightering) of crude oil and liquefied natural gas has announced expansion of its STS service for oil majors and traders in the Caribbean. SPT Inc's President Simon Duncan has signed an initial deal with Cayman Island’s Premier Bush to revive crude oil lightering offshore Cayman Brac
Miami Man Convicted for Obstruction of Justice and False Statements for Certifying Ships Safe for Sea. A federal jury in Miami yesterday convicted a Miami-based ship surveyor for lying to the Coast Guard and for falsely certifying the safety of ships at sea, announced Ignacia S. Moreno, Assistant Attorney General for the Environment and Natural Resources Division at the Department of Justice; Wifredo A. Ferrer, U.S. Attorney for the Southern District of Florida; Rear Admiral William D
Great Ship: White Rose Builder Samsung Heavy Industries Co., Ltd. Owner Husky Oil Operation Type FPSO For many years now, contracts for ships and floating units to operate in an offshore environment have been much-prized value-added goals at Samsung. These include not only shuttle but drill ships, floating storage and offloading units (FSOs), with their derivative production types (FPSOs), crane ships, and various types of floating and fixed platforms
Great Ship: MSC Linzie Ship Owner Mediterranean Shipping Co. S.A. Ship Builder Hanjin Heavy Industries & Construction Ship Type Containership MSC Linzie is the first vessel of a new vessel type developed and designed by Hanjin which adopts the new Panamax length design of 294.05 m. Apparently the design series and Hanjin's well-established reputation in this niche has proved attractive, as the company has, to date, logged orders for 24 ships of the new design.
Wilhelmsen Ship Management (WSM) sold its affiliated company International Tanker Management (ITM) to V.Ships. International Tanker Management is based in Dubai, with offices in Hamburg, Germany, Singapore, and Houston, USA. ITM has approximately 45 vessels on technical management, from VLCCs to chemical tankers. The company was founded in 1998 as an affiliated company of Wilhelmsen Ship Management (formerly Barber Ship Management).
The UK ship register has officially welcomed CMA CGM Andromeda on to the UK Ship Register this weekend, when she docked at Southampton. The vessel is the largest Container ship on the UK register at 131,332 GT, 11,356 TEU. Overall she is the second largest vessel on the Register with the Queen Mary 2 being the largest at 148,528 GT. CMA CGM Andromeda, owned by CMA CGM, 3rd worldwide shipping group, is also the world's first containership to be equipped with the "Fast Oil Recovery
Shipping companies are turning to equity markets to fill a growing funding gap, betting that investors hungry for decent returns will provide capital to a sector recovering from its worst downturn since the 1980s. Ship owners ordered large numbers of vessels between 2007 and 2009
President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share. Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70
The US Coast Guard say that the 'Fortunagracht', a 450-foot Dutch-flagged container ship, has delivered the first-ever load of containerized cargo to the Great Lakes. Before the establishment of the Cleveland-Europe Express, shippers relied heavily on rail service to transport goods from the
Japanese Prime Minister Shinzo Abe has sent a ritual offering to the Yasukuni Shrine, seen by critics as a symbol of Japan's past militarism, media reported on Monday, a move likely to further strain ties with China and South Korea. The offering from Abe, who visited the shrine in December
The Port informs that it has conducted its first operational and safety vessel test of its recently installed Auxiliary Maritime Power (AMP) system. Port crews were on hand to view this first vessel ‘plug in’ by Hamburg Sud’s 'M/V Cap Pasley'
Amongst the latest listing of US Department of Defense contracts, RLB Contracting of Port Lavaca, Texas, has been awarded a USD$8,286,850 firm-fixed-price contract for deep draft maintenance dredging of the Houston Ship Channel from Carpenters to Greens.
The Associated Press has posted a story which quotes a U.S. military official as saying that a Russian fighter jet -- which apparently was unarmed -- made several close-range fly bys near the US Navy's USS Donald Cook (DDG 75), which is operating in the Black Sea.
New Orleans’ largest year-round cruise ship, the 3,646- passenger 'Carnival Dream', has sailed on its inaugural 6-day cruise from New Orleans. The Port explains that Carnival is the port’s largest cruise operator with two ships carrying more than 400
An alliance of shipping interests and a billionaire car dealer launched a newspaper ad on Monday protesting retired English soccer star David Beckham's plans for a soccer arena at the port of Miami, saying it threatens the city's plans to capitalize on the expansion of the Panama Canal.
The forward deployed guided-missile destroyer USS Donald Cook (DDG 75) welcomed aboard Romanian President Traian Bsescu while the ship was in port in Constanta, April 14. Bsescu was met by members of the U.S. Embassy and Donald Cook's Commanding Officer Cmdr. Scott Jones
South Korea's Samsung Heavy Industries said on Wednesday that it is proceeding with a project worth 642.9 billion won ($617.67 million) to build seven container ships as planned. The shipbuilder won the order from Chilean shipping firm Compania Sudamericana de Vapores (CSAV) a year ago
Royal Caribbean International says that its latest cruise ship, 'Quantum of the Seas', will make its home port in Shanghai (Baoshan), China The ship will reposition to China in May 2015, following her inaugural winter season sailing out of New York Harbor to the Caribbean.
Little change occurred in the latest monthly Stifel Logistics Confidence Index. Slipping only 0.1 points from 57 in March to 56.9 this month, the overall index did however favor improvements in the present situation increasing 1.6 points to 51.8
The United Nations is seeking an exemption from a U.N. Security Council arms embargo on Ivory Coast so it can ship weapons and military equipment across the East African nation to its peacekeeping mission in landlocked Mali, a spokesman said on Thursday.
Inchcape Shipping Services (ISS), the world’s leading maritime services provider, has expanded its network in Central and South America with the opening of ISS Venezuela in Puerto La Cruz, to satisfy strong customer demand. Port Manager, Aldo M