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CLASSIC CHARTERS

New Shipyard for Belfast's Working Waterfront

According to the Marine Public Broadcasting Network, a new shipyard is opening in Belfast. Boat builders, led by J.B. Turner and partners Taylor Allen of Rockport Marine and Steve White of Brooklyn Boatyard, will construct composite and classic wooden yachts. The yard will have a retrofitting business, a full-service marina, some unique shipping ventures.    Source: Marine Public Broadcasting Network  


OceanConnect and Starsupply Launch Hedging Service

OceanConnect President Thomas Reilly today announced the launch of a new risk management service aimed at helping shipowners and suppliers protect their profits. "Financial derivatives have become an important tool in the risk management arena. OceanConnect, in partnership with Starsupply Petroleum, will offer the first derivative brokerage service focused exclusively on the world's bunker markets," Reilly said.


Boat Recycling

Some excursion vessels happily seem to live forever. They change owners, change paint colors, endure countless renovations, bare scars from misguided attempts to "improve" her propulsion system… but the boat lives on. Such is the case of a 1969 vintage two-deck paddle wheeler built in 1969 by the Dubuque Boat and Boiler Company. The vessel has had many names. But the one most associated with the vessel is Bonnie Belle


Delta Queen Makes A Comeback

Following the decision to enter into bankruptcy this past October, American Classic Voyages has agreed to sell two of steamboats - Delta Queen and Mississippi to Chicago-based investment firm Waveland Investments LLC for $3.75 million. The company, which is privately-held, plans to take over the boats, effective next month. Mississippi Queen, which ceased operations in October, will resume its itinerary on May 7, while Delta Queen


Stewart Group Paves Way for Further Growth

The Stewart Group’s management includes (from left to right): Director Andrew Miller, Non-Executive Chairman Bill Budge and Managing Director Paul Love. (Photo: The Stewart Group)

The Stewart Group, an international shipbroker, has underpinned its growth plans by relocating to new premises in Aberdeen which triple its office space. The established business, which currently has 12 people based in the city, as well as a further 14 at offices in London, Houston, Cape Town and Ghana, now has space for 26 staff following a move to the multi-million pound City Wharf development on Shiprow. The company, which was previously based in Union Street


Star Cruises of Malaysia to Order Metso DNA System

MS Star Pisces cruise ship will be operated by a Metso DNA automation system from March 2013.

The Star Cruises of Malaysia has chosen Metso to refurbish the automation system on its MS Star Pisces cruise ship that sails in the Far East.   The vessel's new automation will increase reliability and customer comfort. After docking in Hong Kong in February, the vessel will continue its cruise program from March 2013 onwards. Metso will supply its state-of-the-art Metso DNA system to replace the present Damatic Classic automation system that it had supplied earlier


OIG Issues Audit of Title XI Loan Guarantee Program

The Department of Transportation Office of Inspector General (OIG) issued its Report on the Audit of the Title XI Loan Guarantee Program The audit examined whether proper procedures were followed and the impact of recent bankruptcies. As of December 2002, the Title XI portfolio totaled approximately $4.3 billion in executed loan guarantees and loan guarantee commitments. The report discussed the impact of the American Classic Voyages Co. (AMCV) bankruptcy ($1


United States Lines Names First Ship ms Patriot

United States Lines, a subsidiary of American Classic Voyages, said the vessel it is acquiring from Holland America Line will be named ms Patriot. The vessel - being acquired for $114.5 million - will offer seven-night cruises year-round from Honolulu, Hawaii. The company will take delivery next October, with the inaugural voyage planned for December 9, 2000. During a planned renovation, new facilities will be added to the vessel to enhance the passengers' Hawaiian cruise experience


Blount-Barker Signs Contract For Sea Wolf Marine Tug

This past August, Blount-Barker Shipbuilding signed a contract with Sea Wolf Marine of Bayonne, N.J. to build a 2,400-hp, 85-ft. (25.9 m) double chine, all welded twin-screw tug set for delivery in April 2002. Bristol Harbor Group has been contracted to modify the Blount classic 85-ft. (25.9-m) tug design to take advantage of CNC (computerized numeric controlled) cutting. The tug will be powered by two CAT 3512 engines; 4:1 twin gears and two 65kW generators will supply ship service power


RCCL Names Pimentel President & CEO

Royal Caribbean Cruises Ltd. (RCCL) has announced the appointment of Larry Pimentel to the newly created position of president and chief executive officer of Azamara Cruises. Pimentel will have responsibility for the strategic direction and leadership of the deluxe brand to ensure its continuous growth and success. He will report directly to Richard D. Fain, chairman and chief executive officer of RCCL. Pimentel has more than 25 years of travel industry experience catering to the high-end


Chevron Starts Oil Production in Gulf of Mexico

 Tubular Bells floating production facility is a classic spar hull with traditional three-level topsides.

 Chevron Corporation announced today that the Hess Corporation-operated Tubular Bells deepwater project, located in the U.S. Gulf of Mexico, has started crude oil and natural gas production. The field is located 135 miles (217 km) southeast of New Orleans, in approximately 4,300 feet (1


CMM Orders Five OSRVs for Petrobras Work

Image: Damen

Compagnie Maritime Monégasque SAM (CMM) has secured contracts with Petrobras Brazil to charter five newbuild fast oil spill response vessels (OSRVs) with a new fuel-efficient Damen axe-bow design. CMM has secured contracts with Petrobras to charter five newbuild fast oil spill response


Monjasa Buys Tanker from Eships

Eships Bainunah will become African Sprinter in January 2015 (Photo: Monjasa)

The Monjasa Group has purchased a tanker, M/T Eships Bainunah, from Abu Dhabi based Eships, the company announced today. The Turkish-built (2005), IMO-II, 8,000 DWT vessel, which is double hull and fully equipped for bunkering, has been operating for Monjasa on time charter


OAO Sovcomflot’s 9M/Q3 2014 Results

  OAO Sovcomflot (SCF Group) today reported results for the nine months and third quarter (Q3) ended 30 September 2014.   Nine months 2014 – Financial Highlights (IFRS accounts) USD


Rodriguez Appointed Deputy Maritime Administrator

Mike Rodriguez

Mike Rodriguez, U.S. Merchant Marine Academy Alum, was sworn in as Deputy Administrator of the U.S. Department of Transportation Maritime Administration (MARAD). Rodriguez has more than 35 years experience as a maritime industry professional in both the public and private sectors


Shipbuilding: Navigator Holdings Orders Two LPG Carriers

(Photo: Navigator Gas)

Navigator Holdings Ltd. (NYSE: NVGS) announced that it has ordered two 22,000 cubic meter semi-refrigerated liquefied gas carriers at Hyundai Mipo Dockyard (HMD) in South Korea at a construction cost of $51 million each. The vessels are scheduled to be delivered in January and


Regulators Invited to Witness Ship Breaking in India

Photo: IMO

Global Marketing Systems, Inc (GMS) has challenged the European Commission’s intention to ban ship recycling by beaching, by inviting the commission and a major representative group of top level shipping industry stakeholders to India to witness the recycling process first hand at one of the


Seacat Debuts First Tank-tested Catamaran

Photo courtesy of Seacat Services

Following the completion of preliminary sea trials, offshore energy support vessel operator Seacat Services unveiled the British-built Seacat Intrepid, the first DNV GL certified 26-meter crew transfer vessel to benefit from a unique three-year offshore wind farm workboat tank testing research and


Dorian LPG Reports 2Q 2015 Financial Results

Logo Image

Dorian LPG Ltd. today reported its financial results for the three months ended September 30, 2014. Highlights – Second Quarter Took delivery of the second vessel under our VLGC newbuilding program, the Corsair, from Hyundai Heavy Industries Co. Ltd


Hamburg Süd Raises Goal for CO2e Reduction

Photo courtesy of Hamburg Süd

Hamburg Süd has achieved its environmental goal of reducing the CO2e emissions of its fleet by 26% by the year 2020, compared to 2009, well ahead of schedule. This is due to a number of measures. These include investments in the energy efficiency of the shipping company’s own ships


Diana Buys Another Containership

The Diana Containership fleet continues to grow. (Photo: Diana Containerships, Inc.)

Diana Containerships Inc. (NASDAQ: DCIX), said that on November 5, 2014, it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to purchase from an unaffiliated third party a 2005-built Post-Panamax container vessel of approximately 5,000 TEU capacity


Classic Design with Tomas Tillberg

Tomas Tillberg

Cruise ship and passenger vessel design are unique in the maritime world, evolving with time and style, demanding efficient power and safety for these cities at sea. Tomas Tillberg of Tillberg Design International is a renowned “go to” source for perspective and insight in this regard


SWISSCO Sets Up JV with Union Offshore

  The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture has secured a charter contract with an approximate value of up to US$115 million to provide an


Seaspan Acquires 6th 10K TEU Boxship

SEASPAN SPANNING THE OCEAN HIGHWAYS

  Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Breeze. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's sixth 10000 TEU SAVER design containership delivered in 2014


Otto Marine 3Q2014 Earnings at $2 mi

Courtesy Otto Marine

 * Group revenue increased by 16.8% to US$ 96.8 million for 3Q2014, higher revenue across all the three business segments  * Offshore Chartering, as the major revenue and profit generator, registered higher profit even as overall market was weak






 
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