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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.


McGinnis Appointed VP Of Marketing

American Classic Voyages Co. has appointed Scott G. McGinnis vice president of marketing for its Delta Queen product group, which includes Delta Queen Steamboat Company and Delta Queen Coastal Voyages. McGinnis is responsible for all marketing activity on behalf of Delta Queen Steamboat Company's four riverboats, which cruise throughout the U.S. Heartland, South and Pacific Northwest, and Delta Queen Coastal Voyages' two ships


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


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


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


AMCV Awards Columbia Queen Contract

American Classic Voyages (AMCV), granted a $6.4 million contract for construction completion and outfitting on Columbia Queen to Nichols Brothers Boat Builders of Whidbey Island, Wash. The 161-passenger U.S.-flag riverboat, which will be readied by Nichols for service on the Columbia River system, will be operated under The Delta Queen Steamboat brand. Offering Pacific Northwest cruises beginning in April 2000, Columbia Queen will travel the Columbia


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


Scorpio Tankers' Latest Newbuilding News

Tankship: Photo courtesy of Scorpio Tankers

Scorpio Tankers Inc.  says it has reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at SPP Shipbuilding Co., Ltd. of South Korea. The purchase price of the vessel is $37.1 million with delivery expected in September 2014


Scorpio Tankers on Major Fleet Expansion

Scorpio Tankers

  Scorpio Tankers Inc. (NYSE: STNG) (the "Company") announced today that it has reached an agreement with an unrelated third party to purchase an MR product tanker that is currently under construction at SPP Shipbuilding Co., Ltd. of South Korea ("SPP")


VSTEP Delivers FMB Simulator to Danaos

VSTEP_NAUTIS_Danaos.jpg

Danaos Corporation purchased a NAUTIS DNV Class A FMB Simulator and Instructor Station for training of its fleet members.  The simulator will be delivered and installed by VSTEP at Danaos Shipping Co Ltd. Headquarters in Piraeus, Greece.  


LNG Carriers GasLog Financial Results Q2 2014

Image courtesy of GasLog

GasLog Ltd. and its subsidiaries, an international owner, operator and manager of liquefied natural gas carriers, has reported its financial results for the quarter ended June 30, 2014, excerpted as follows: Highlights Completion of the initial public offering (“IPO”) of


WISTA Launched in Sri Lanka

WISTA launched in Sri Lanka

  Women’s International Shipping and Trading Association (better known as WISTA),  was  launched  in  Sri  Lanka  on  the  03rd  July  2014,  at the  Hilton  Residencies  Colombo  amidst  a 


gplink: Remote Monitoring from Finning

Finning Solent Towage 1 WEB.jpg

Solent Towage Ltd (STL) reports that is has saved more than 60-man hours since December 2013 by installing gplink, the remote monitoring and tracking solution from Finning Power Systems (Finning) for Cat engines. The company operates a fleet of seven tugboats off the UK’s south coast


Diana Containerships to Buy Two Post-Panamax Vessels

diana containership logo.png

Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, announced that it has signed, through two separate wholly-owned subsidiaries, two Memoranda of Agreement to purchase from an unaffiliated third party two Post-Panamax container vessels


Navigator Enters Long Term Ethane Transport Charter

Photo: S. Nizhebetskyy

Navigator Holdings Ltd. announced today that it has signed a long term shipping agreement for one of its 35,000 cubic meter ethylene/ethane capable semi-refrigerated liquefied gas carriers, currently being built at Jiangnan Shipyard, China.


Euroseas' Reports 1H & 2Q, 2014 Results

Theme

  Euroseas Ltd.,  an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three and six month period ended June 30, 2014 as well as certain fleet updates.


TEN Charters Out Suezmax Tankers

Nikolas P. Tsakos, President and CEO of TEN (Credit: TEN)

Tsakos Energy Navigation Limited (TEN) announced the chartering of two of its modern Suezmax tankers with a European oil major for 24 and 12 months, with charterer options for another 12 months for each vessel at a base rate with profit sharing


GasLog Partners' First Option Vessels Acquisition for $328 mi

Image

  GasLog Partners LP and GasLog Ltd. announced today that they have entered into an agreement for the Partnership to purchase from GasLog, the sole member of the Partnership’s general partner and the Partnership’s majority unitholder


Main Engine Change for Veteran Alaska Tugboat

Tug Norman O at work: Photo courtesy of Olson Marine

The tug's owner, 'Norman O', Rick Olson, worked with local Cummins dealer Mike Painer at South East Diesel & Electric in Ketchikan, Alaska, to  set up a deal to change the tug's existing Cat D348s rated at 703 HP each for a pair of modern EPA Tier 3 compliant Cummins QSK19 MCRS engines


New Power for Alaskan Tug

Norman O (Photo courtesy of Olson Marine)

It has been said that, “There is no reason to design or build an ugly boat.” This is clearly a dictum that those who designed and built the Noman O adhered to. Built in 1970 as the Duncan Foss by the Albina Shipyard under hull number 419, at Portland, Oregon


Tsakos Energy Navigation Ltd to Build LR1s for Oil Major

TENs LR1

Tsakos Energy Navigation Limited (TEN) announced today the chartering of two of its modern Suezmax tankers with a European oil major for 24 and 12 months respectively with charterers options for another 12 months for each vessel at an accretive base rate with profit sharing


Capesize Rates to Rise Much Higher this Year

According to Commodore Research & Consultancy, capesize rates ended last week at $15,561/day, which marked a week-on-week increase of $6,167 (66%). Capesize rates have been able to rise by such a large amount so quickly, as vessel availability in both the Atlantic basin and Pacific basin have






 
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