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
CP Ships Limited has exercised options to purchase for approximately $180 M four ice- strengthened containerships currently bareboat chartered. As previously announced, the purchase is being paid for with proceeds from CP Ships' offering in July 2002 of 9.6 million common shares and private placement of $200 million of senior unsecured notes. The purchase is expected to close in the third quarter. The ships are Canmar Fortune, Canmar Courage, Canmar Pride and Canmar Honour.
The lack of a European Union directive on tanker regulations could hamper the EU in adopting proposed new rules to ban old tankers, ship owners said last week. They also claimed the current proposals did not focus clearly enough on the old vessels most at risk The EU will propose cutting age limits for pre-1982 built tankers to 23 years, from 25 and 30, at a meeting with shipping industry representatives on Wednesday.
American V. Ships, a full-service international marine transportation management and operations organization has been named the technical manager of three vessels to be chartered to the recently established Wallenius and Wilhelmsen joint venture, Wallenius-Wilhemsen Line. American V. Ships will continue managing 5,600-unit Faust and 5,600-unit Fidelio, which have been under its management and under U.S. flag since 1989, as well as another vessel, Tanabata, newly entered into U.S. registry.
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.
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
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
Mercy Ships Ministries is preparing to expand its fleet of hospital ships — an expansion the founder of the ministry says will permit Mercy Ships to have an even greater outreach to those in medical need around the globe. The Africa Mercy is undergoing sea trials, in preparation for service in the ministry’s fleet of hospital ships. The ship is the largest non-governmental hospital ship and will double the medical capacity of all ships in the fleet. MercyShips
Coast Guard crews are working to get a freighter ship unstuck after it lost power and ran aground near the central span of the Sunshine Skyway Bridge. The bridge was shut down in both directions this morning as a precaution, snarling rush hour traffic. According to the Florida Highway Patrol, the freighter lost power after passing through the central span of the bridge. The pilot of the vessel ran it into a sandbar so it wouldn’t drift near the bridge.
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.
Fincantieri says it has signed an agreement with Carnival Corp. to build the new cruise ship for its Princess Cruises brand at a cost of about 600 million euros. The 143,000-ton ship, which will enter service in 2017, will carry 3,560 passengers (lower berths)
The U.S. Navy posted a video showing Rim of the Pacific (RIMPAC) Exercise 2014 operations underway. Watch as 42 ships and submarines representing 15 international partner nations steam in a close formation: https://www.youtube.com/watch?v=r5AmsTE2ekM.
Langh Ship received on July 17, 2014 final class approval from Germanischer Lloyd for its exhaust gas cleaning system on m/s Laura, a 1996-built a 6,500 DWT general cargo vessel equipped with a 6 MW main engine. “The technology had already been accepted earlier
The U.S. Coast Guard Cutter Eagle is scheduled to arrive in Rockland, Maine, Friday, at 3 p.m. as part of its 2014 cadet summer training deployment. The Eagle's visit to Rockland is to celebrate the Maine Lobster Festival. The Eagle will be open for free public tours Saturday, Aug. 2, from 1 p
ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN). The award for the precedent-setting ship
A U.N. Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms, and raised concerns about Cuba's military cooperation with Pyongyang.
Braemar Shipping Services plc has completed the merger with ACM Shipping Group Plc (‘ACM’). ACM will merge with Braemar Seascope, the shipbroking division of Braemar Shipping Services, to form a new combined shipbroking business, which will trade as Braemar ACM Shipbroking.
'USNS Richard E. Byrd' (T-AKE 4), a Lewis and Clark-class dry cargo ship, rescued 9 crew members from a Yemeni-flagged cargo vessel 'Asaed' that had lost power, was taking in water and was adrift in the Gulf of Oman, according to U.S. Naval Forces Central Command Public Affairs.
Ship Registries are an excellent bellwether of industry health and trends, and when Maritime Reporter & Engineering News sought answers to some topical questions, it went to two of the top organizations in the world, speicifically Theo Xenakoudis, Worldwide Business Operations Officer
The Shipping Professional Network London (SPNL) has released their full Future London report, an initiative that gathered the views and opinions of London’s young shipping professionals on what needs to be done for London to retain and improve its position as a global maritime capital
First company to receive ISO50001 certification from Nihon Kaiji Kyokai. MOL Ship Management Co., Ltd. (MOLSHIP), a core ship management company in the corporate group headed by Mitsui O.S.K. Lines, Ltd. (MOL), has announced acquisition of certifications from Nihon Kaiji Kyokai (NK;
The 53rd U.S. Army Chief of Engineers and Commanding General of the U.S. Army Corps of Engineers, Lt. Gen. Thomas P. Bostick, visited the Port of Houston Authority last week and was given an aerial tour of the Houston Ship Channel as part of a briefing that highlighted economic growth along the
The United States on Wednesday blacklisted two North Korean shipping firms, Chongchongang Shipping and Ocean Maritime Management, following a similar move by the United Nations. The United Nations on Monday said Ocean Maritime Management operated a ship detained a year ago near the Panama Canal
TOP Ships Inc., an international owner and operator of modern, fuel efficient "ECO" MR tanker vessels focusing on the transportation of petroleum products, announced today that it has terminated the charter parties of M/T EShips Taweelah
Congressman John Garamendi (D-CA-03), Ranking Member of the House Transportation and Infrastructure’s Coast Guard and Maritime Transportation Subcommittee, informs ot the introduction of H.R. 5270, the 'Growing American Shipping Act', to strengthen the U.S. maritime industry