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
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.
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).
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
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
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.
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.
The Houston Ship Channel has reopened after a collision between a container ship and a chemical tanker, according to a spokesman with the United States Coast Guard. The shutdown came hours after the channel reopened following several days of fog that held up traffic. The Coast Guard said there is no pollution in the water. No injuries or pollution were reported as a result of Thursday's collision in the top U.S. petrochemicals port, the pilots said.
A 24-meter fuelling vessel, Erin Wood, was towed to Peterhead Saturday after a collision with a Cyprus registered cargo vessel, Daroja, the U.K. Maritime and Coastguard Agency (MCA) reported. At 5:10 p.m. Aberdeen Coastguard received a Mayday call from the Erin Wood with two crew on
A delay in private repairs to the hospital ship Africa Mercy has caused a two-and-a-half week adjustment of timelines for Transnet National Ports Authority’s R30 million repair project at the Prince Edward Graving Dry Dock in Durban.
The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a new building Kamsarmax Dry Bulk Carrier “Jag Aakash” (81,600 dwt). The vessel was ordered by GE Shipping in July 2013 and has been built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines.
Enterprising student Liam Finch has been putting his summer days to good use by working on an important survey for the Isle of Man Shipping Association (IOMSA). Liam, 20, is involved in a project aiming to shed light on the value of the marine industry to the island
The keel for the second Commitment Class liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ship for Crowley Maritime Corp.’s liner services group was laid yesterday during a ceremony at shipbuilder VT Halter Marine, Inc
The Liberian Registry has been named as a finalist for the 2015 Ship Efficiency Awards. The Liberian Registry was selected as one of five finalists for the Initiative of the Year award. The nomination is in respect of Liberia’s Global Eco-Upgrade Financing Program
There has been a great deal of merger activity in the shipping industry over the past few years, especially amongst owners, but, Anglo-Eastern Group and Univan Group have reached an agreement, with the culmination of the largest ever merger of independent
Radio Holland in Singapore has signed a Managed Service Agreement (MSA) with Thome Ship Management that will cover nine vessels for four years. Thome Ship Management, headquartered in Singapore, has worked for many years with Radio Holland, which is part of Imtech Marine
On August25, shipbuilder Ulstein Verft launched from its dock hall a special offshore construction vessel, Yno 302, for Island Offshore and Edison Chouest Offshore. The newbuild measures close to 160 meters in length with at beam of 30 meters
The container carriers have managed to reduce their combined CO2 emissions by around one third since 2009, according to a new report. Average CO2 emissions per container per kilometer for global ocean transportation routes have declined by 8
The first ship outfitted with the Van der Velden FLEX Tunnel was named Friday, August 14th in Duisburg. The Rhenus Duisburg, the new barge combination from shipping company Rhenus PartnerShip, has been put through extensive tests and trials
North Korean vessels owned by Ocean Maritime Management (OMM) have been seen using Russian ports, says the NK News vessel tracker. OMM was sanctioned for its involvement in smuggling weapons through the Panama Canal in 2013.
An Iranian fishing vessel and its crew have escaped after being held captive for five months by Somali fishermen, maritime piracy experts said on Friday, but it was not clear how many crew members had escaped. Jaber, an Iranian fishing vessel believed to have up to 19 crew
The General Ship Repair Corporation, a fixture on the Baltimore water front for nearly a century, continues to build a strong business while preparing for fourth generation ownership. General Ship Repair Corporation is as ubiquitous of a presence on the Baltimore waterfront as Under
Abu Dhabi Ports have informed that they reserves the right to refuse the use of ships' lifting apparatus without valid certification and / or if the apparatus is assessed by the HSE inspectors to be substandard due to, amongst other things: