Oglebay Norton Company announced that its wholly-owned subsidiary, Oglebay Norton Marine Services Company, LLC, has completed the sale of six of its nine remaining self-unloading freighters for $120 million to American Steamship Company, a wholly-owned subsidiary of GATX Corporation. Acquired were: M/V Oglebay Norton, M/V Columbia Star, S/S Armco, S/S Middletown, S/S Courtney Burton, and M/V Fred R. White. The Company is also progressing with its negotiations for the sale of the M/V David Z. Norton and M/V Wolverine and the transfer of the its leasehold interest in the M/V Earl W. Oglebay to an unidentified purchaser. The cash proceeds from this transaction will be used to pay down debt Although the details of the transaction were not disclosed, the Company confirmed that as part of the transaction it has secured carriage for limestone from its quarries to its own and third party docks around the Great Lakes through a favorable, long-term contract of affreightment.
National Steel and Shipbuilding Company a wholly owned subsidiary of General Dynamics, has delivered the M. V. North Star to Totem Ocean Trailer Express, Inc. (TOTE). The North Star is the second of two new Orca-class trailerships built by NASSCO for TOTE’s service from Tacoma, Wash., to Anchorage, Alaska. Her sister ship, the M. V. Midnight Sun, was delivered to TOTE in April. Both ships are 840-ft.-long, 118-ft.-wide RoRo cargo ships capable of carrying
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
MARCO Shipyard Seattle has signed a contract to construct a third Millennium Class tractor tug for Harley Marine Services. Measuring 105 ft. (32 m), the multipurpose tug will be identical to its sisterships, Millennium Falcon and Millennium Star, delivered in February and August 2000, respectively. Construction of the tug is ongoing, with delivery planned for March 2002. Similar to its predecessors, the MARCO-designed tug will have an overall beam of 37 ft. (11
An independent review conducted and reported today by the Oregonian concludes that the government’s economic justifications for a controversial proposal to dredge the Columbia River are deeply flawed. The Corps of Engineers wants to spend $196 million to dredge more than 100 miles of the Columbia River. In a three-part series beginning today, the Oregonian will report that deficiencies in the analysis have significantly inflated the benefits to the region and an underestimated the costs to
Star Bulk Carriers Corp. announced that it has taken delivery of the M/V Star Kappa (ex E Duckling), a Supramax vessel of 52,055 dwt built in 2001 in Japan. Star Kappa is an addition to the initial fleet, was acquired for USD 72 million and is the third vessel to be delivered to the Company following the completion of the Redomiciliation Merger. Star Kappa has a Time Charter employment contract at a gross daily rate of USD 47,800 with earliest expiration date of September 23, 2010.
Norway's Industry Ministry is likely to make a ruling before Feb. 4 regarding a bid by NCL's board to deny votes to Malaysia's Star Cruises. NCL, the target of a bid war between Star and U.S. giant Carnival Corp., is accusing Star of skirting the law by failing to update Norwegian authorities of its NCL share buying. Star owns 47 percent of NCL. Under Norwegian law, any firm seeking to acquire parts of a business has to notify the ministry when its stake exceeds one-third
Star Bulk Carriers Corp announced that it has taken delivery of the following three vessels: The M/V "Star Beta" a Capesize vessel of 174,691 dwt built in 1993. Star Beta has been committed to a two-year Time Charter at a gross daily rate of USD 106,500. The "Star Zeta" a Supramax vessel of 52,994 dwt built in 2003. Star Zeta is currently under a pre-existing time charter employment contract at a gross daily rate of USD 30,500 until the end of March 2008; thereafter
Legislation has been proposed in the British Columbia Legislature that would, if adopted, imposes taxes on fuel based on its carbon content. Ships would be subject to the tax, but would be eligible for rebates if it is shown that the fuel was consumed outside of British Columbia. Carbon Tax Act, Bill 37 – 2008 (HK Law).
Great Lakes Dredge & Dock Co., LLC, Oak Brook, Ill., was awarded on April 30 a $10,248,000 firm-fixed-price contract for 2010 north coast dredging, including the mouth of the Columbia River. Work is to be performed along the Columbia River in Washington State and Oregon, with an estimated completion date of Oct. 1, 2010. Two bids were solicited with two bids received. U.S. Army Corps of Engineers, Portland District, Portland, Ore
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the three and the nine months ended September 30, 2013. Adjusted Net income for the third quarter of 2013 was $2
British Columbia’s first liquefied natural gas (LNG) proposal at Grassy Point near Prince Rupert has filed its export application with Canada's National Energy Board (NEB). "Aurora LNG is moving forward with their plans to export B.C
Coast Guard Cutter Polar Star departed Coast Guard Base Seattle for Antarctica, Tuesday, in support of Operation Deep Freeze for the first time since 2006 with the task of resupplying the National Science Foundation Scientific Research Station in McMurdo.
The Long Beach City Council voted unanimously to confirm Mayor Bob Foster’s appointment of the City’s former Chief Financial Officer (CFO) Lori Ann Farrell to the Board of Harbor Commissioners, which oversees the Port of Long Beach and the staff of the City’s Harbor Department.
The U.S. Navy sold the 1,067-foot behemoth 'USS Forrestal' to a Texas company, All Star Metals, to be dismantled, scrapped and recycled, an inauspicious fate for a ship with a colorful and tragic history, reports Fox News, citing a Navy announcement.
Foss Maritime announced the addition of two tractor tugs to its Columbia River fleet, which will give the company more resources to serve a growing customer base at regional port facilities. The first of these 4,400-horsepower tugs will begin river operations as early as November.
The B.C. Shipbuilding and Ship Repair Board (SSRB), with support from the B.C. Ministry of Jobs, Tourism & Skills Training, is kicking off their Shipbuilders campaign with an online contest. Individuals can participate in the campaign and win a chance at one of three cash prizes with a total
Listed are vessel sales for October 2013 as prepared by Shipping Intelligence, Inc., New York. Reported – Vessel Name – DWT – Built(Age) – Price in millions USD Bulk Carriers 10/23/13 - POLYGO 2 - 6,850 - 89(24) - $1
Bowhead Transport, LLC has recently awarded Nichols Brothers Boat Builders a contract to construct a new 150 by 50’ Landing Craft. The landing craft will operate in Arctic coastal villages of the North Slope Borough of Alaska and between the Pacific and Arctic oceans.
Risk Intelligence, a security and piracy intelligence specialist, have announced their strategic partnership with Pole Star Space Applications, a leading provider of realtime asset tracking and monitoring solutions. The companies are working to integrate several solutions
Harbor Star Shipping Services Inc. has loaned one of its barges to the Philippine Coast Guard (PCG) to help transport relief goods and emergency tools to Tacloban City in Leyte and other sites massively ravaged by the super-typhoon, reports the nations's 'BusinessMirror'.
The Province of Nova Scotia has signed an agreement with Quest Navigation, Inc. and ST Marine Ltd. to re-establish the Yarmouth-Portland ferry service. The cruise ferry service will operate under the brand name Nova Star Cruises & provide daily round-trip service within 24 hours
Star Bulk Carriers Corp., a global shipping company focusing on the transportation of dry bulk cargos, announced that it has entered into definitive agreements to acquire two modern Ultramax bulk carriers, the M/V Supra Challenger I and M/V Supra Challenger II
Ferus Natural Gas Fuels and ENN Canada Corporation announced a Joint Venture to construct, own and operate two LNG liquefaction plants in Canada. The plants will be strategically located in Vancouver, British Columbia and Edmonton, Alberta to service the on-road trucking market as well as other
The International Propeller Club honors Captain Goben in recognition for his service to the maritime industry Captain Richard Goben, Port Captain of Hornblower Cruises & Events in San Diego, received an international maritime award at the 87th Annual Convention and Maritime Industry