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
Meeting national transportation needs during the current decade should involve a surfeit of new contracts for our domestic shipbuilders. The Oil Pollution Act of 1990 (OPA 90) mandates double hulls for all vessels engaged in U.S. petroleum carriage. In our non-contiguous trades, renewal programs are needed for the replacement aging container and RoRo fleets. Moving freight containers and trailers on RoRo barges and vessels
V.Ships Agency and TBS Commercial Group are pleased to announce the formation of a Joint Venture in Brazil called V.Ships Lasa Agencies. The new JV, which combines the extensive 'local knowledge' of the LASA network in Latin America with the worldwide agency expertise of V.Ships Agency, will afford existing and future customers a new level of excellence in agency services throughout Brazil. This JV agreement was signed by Alberto Morales Managing Director of LASA Group and Rishi.K
Fire broke out on a Syrian ship in international waters off Cyprus, forcing its crew to evacuate before the vessel sank early on Monday, authorities in Cyprus said. Search and rescue coordinators said they had received distress signals from the Syrian-flagged Ahssan II on Sunday night that the ship was burning 62 nautical miles (115 kilometers) southeast of Larnaca. A Russian vessel in the vicinity responded to radio appeals for aid and saved the ship's crew. All 10 were reportedly picked up.
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
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
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
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
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
Aspida is the first PMSC to be permanently approved by CNAPS to provide armed guards onboard French flagged vessels. Maritime security firm Aspida informs that as of June 12, 2015 it has become the first private maritime security company (PMSC) to be permanently certified and licensed to
Shipbuilder Fincantieri has received an order to build a new luxury cruise ship for client Silversea Cruises due for delivery in April 2017. At 40,700 grt and accommodating 596 guests, the newbuild vessel Silver Muse will expand Silversea's fleet to nine ships.
Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency. The director general of the Cypriot Shipping Chamber, Thomas Kazakos, said that a small number of Greek shippers have contacted
The Hong Kong SAR Marine Department has advised that on 1 July the existing Merchant Shipping (Prevention of Pollution by Garbage) Regulation (Cap 413J) was replaced by a new Regulation, namely, the Merchant Shipping (Prevention of Pollution by Garbage) Regulation (Cap 413O) giving effect
On 1 July 2015, Oranjewerf Ship Repair, which joined Damen Shipyards Group in 1989, will officially change its name to Damen Shiprepair Oranjewerf. This name change will be the final step of integrationfor the yard into Damen Shiprepair & Conversion, part of the Damen Shipyards Group
Meyer Turku to build Mein Schiff 7 and 8 for TUI Cruises TUI Cruises GmbH and Meyer Turku Oy signed an agreement for the construction of two new cruise ships, Mein Schiff 7 and Mein Schiff 8, to be delivered in 2018 and 2019, respectively.
Crowley strengthens relationship with U.S. Navy, completes turnover of Military Sealift Command T-AGOS/T-AGM fleet Crowley Maritime Corp. announced its global ship management group completed the turnover of the Military Sealift Command’s (MSC) T-AGOS/T-AGM fleet and is now
U.K. Royal Navy Ice Patrol Ship HMS Protector is deployed on operations for 330 days a year, mostly in the Antarctic region, making it essential that her underwater hull is protected against the harsh icy conditions she faces. At the end of May
Clean Air Engineering-Maritime (CAEM)'s emissions treatment system for ocean-going vessels has been approved by the California Air Resources Board, giving operators of container vessels a second option for complying with the state’s strict emissions requirements for vessels at berth.
Industrial cooperation is high on the agenda during Premier Li Keqiang's stay in France. China's deals with the world's third largest container shipping group - CMA CGM was highlight. "July 1st will be a milestone in our Group’s history
Confidence levels in the global shipping market have fallen to a seven-year low as a glut of cargo ships, weak freight rates and excess liquidity continue to batter the industry, a survey by Moore Stephens, a London-based consulting firm finds.
Athens-based Box Ships has announced that it has secured a two year extension on a loan facility with ABN Amro, which was scheduled to mature next month. Following this extension, the balloon amount of $10 million is repayable in 8 equal quarterly installments of $250
Mitsui O.S.K. Lines, Ltd. announced today that effective July 2, its wholly-owned ship management company for dry bulkers, New Asian Shipping Company, Limited is renamed to MOL Ship Management (Hong Kong) Company, Limited. MOL Ship Management (Hong Kong) Company
Rolls-Royce announced it will take the lead on a €6.6 million project that could pave the way for autonomous ships. The Advanced Autonomous Waterborne Applications Initiative will produce the specification and preliminary designs for the next generation of advanced ship solutions.
Ardmore Shipping Corporation took delivery of the newbuild product and chemical tanker vessel Ardmore Seafox on June 25, 2015, the company announced today. The 49,999 dwt, Eco-design IMO 3 tanker was built at Korea's SPP Shipbuilding Co., Ltd Sacheon Shipyard and is the second in a series of