The newest vessel in TECO Transport's Gulfcoast Transit fleet is now in service. The M/V Sheila McDevitt - named in honor of TECO Energy's senior vice president, general counsel and chief legal officer - left Tampa for Texas early last week, where it will load a shipment for delivery to the east coast. Gulfcoast Transit purchased the geared 40,000-ton bulk carrier in February of this year to meet the needs of its growing business. It is the third ship added to the company's diverse fleet, which also includes 13 oceangoing tug and barge units. The M/V Sheila McDevitt will handle new transportation business for Gulfcoast Transit, traveling between the Pacific, Gulf and Atlantic coasts of the United States. TECO Transport President Jeff Rankin said, "Thanks to the ability of our team to aggressively pursue opportunities to build our business, we were able to make an excellent acquisition - one that we're confident will add value for our customers." Gulfcoast Transit, the largest ocean-going U.S.-flag dry bulk carrier, is a subsidiary of TECO Transport. Other TECO Transport businesses include Mid-South Towing and Electro-Coal Transfer. TECO Transport is a wholly owned subsidiary of TECO Energy, Inc., a $2.3-billion revenue energy holding company based in Florida whose other businesses include Tampa Electric, Peoples Gas System, TECO Power Services, TECO Coal, TECO Coalbed Methane, TECO Propane Ventures and TECO Solutions.
The cargo ship Montrose began its trip to safe anchorage in the Chesapeake Bay. Divers will conduct an underwater inspection after its arrival 12 miles south of where it ran aground. The divers will look for any damage under the ship. The 712-foot Liberian flagged ship was carrying 74,215 metric tons of coal when it ran aground Feb. 28 near Sharps Island, Md. Multiple tug boats working together were unable to free the Montrose from being stuck and a Unified Command determined coal
Germany's Rheinmetall Group to supply 12 fire control radars & 6 electro-optical systems for six new patrol boats. Together with spare parts and training, the order also includes a transfer of know-how to Malaysia, which will enable local industry to take an active part in the project. Delivery of the systems will commence in 2015 and continue through to 2020. The Malaysian Navy’s new “Second Generation Patrol Vessels Littoral Combat Ships” (SGPV LCS)
Dry bulk trade grew by an impressive 7% in 2012 with steam coal proving to be the saviour of the freight market, which otherwise would have seen a complete bloodbath, according to Drewry's latest 'Dry Bulk Forecaster'. Steam coal trade increased by about 18% from 665 million tonnes in 2011 to 784 million tonnes in 2012, supported by high availability and low prices. The report shows that Global GDP grew by 3.2% in 2012, following growth of 5.2% and 4
The booming Thai economy and the shallow waters of the Chao Phrya River combine to create a growing demand for lightering operations of bulk cargos in the Gulf of Thailand.. This demand is being met by the S. P. Inter Marine Co. Ltd of Bangpli, Samutprakarn near Bangkok. Originally a trucking and land based company, the firm moved into the marine logistics field in 1995 and now operates a fleet of 80 barges, 20 ocean going tugs, numerous little river tugs
Ukraine will buy one million tonnes of coal from South Africa because the military conflict in its Donbass region has disrupted domestic coal production, Prime Minister Arseny Yatseniuk said on Wednesday. Pro-Russian separatists are battling Kiev's forces in eastern Ukraine, which is home to much of the country's heavy industry and coal mines and accounts for about 18 percent of the economy's output. "They (the rebels) bombed our main coal mines ..
Prince Rupert Port Authority, BC, saw the safe arrival of equipment integral to its coal export operations aboard 'HHL Macao'. The stacker/reclaimer unit, for delivery to Ridley Terminals Inc. is considered important for the planned expansion of coal export operations. The successful arrival of the vessel and subsequent movement of the stacker/reclaimer components required a wide-ranging team effort. The Prince Rupert Port Authority collaborated with ship's agent Peter Riley of G.W
A decline in demand for Capesize vessels has been countered by an improvement in demand for Panamax vessels, according to the latest Dry Bulk Insight published by Drewry Maritime Research. This left the Drewry Hire Index unchanged from January’s level. Panamax was the sole segment to record an improvement in earnings in February. Rates for vessels doing round voyages from Far East to East Australia more than doubled, rising from $3,954pd to $6,818.
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa. The consideration for the transaction is $472 million, with completion of the sale subject to approval by the relevant South African authorities. “This sale is part of the Group’s 2012-14 asset sale program and is in line with Total’s objectives to focus on its core activities and to actively
It’s a spectacularly atrocious time for U.S. coal companies. Demand for coal domestically is not what it was—and likely never will be—so producers have cast their gaze abroad, where they hope Asian markets respond as domestic ones fail. It’s a long shot, though, because there’s too much supply and too little demand, and the strong U.S. dollar continues to keep exports of all kinds less competitive.
Mercury Marine announces 45,000 square foot EDP parts expansion to Fond du Lac global headquarters Mercury Marine will add a 45,000 square foot expansion to its electro-deposition paint (EDP) system that will double its current processing capabilities
Elliott Bay Design Group (EBDG) announced that long-time partner Moran Towing Corporation has been granted US Patent 8,967,174 for "Articulated conduit systems and uses thereof for fuel gas transfer between a tug and barge." The patent was filed with the United States Patent and
Kongsberg has been selected to deliver a complete Electro, Instrument & Telecom (EIT), propulsion, safety, automation and dynamic positioning package for two new Gusto NG-2500X DP II design, offshore construction Jack-Up vessels. The vessels are owned by Vahana Offshore Pte Ltd in Singapore
NSW Ports have advised that from 1 July, there will be 2.38% increase to the Navigation Service Charge (Port Tonnage) and 3% increase to other charges (site occupancy, utilities, cargo wharfage, etc) at Port Kembla. The Navigation Service Charge (Port Tonnage) will increase from A$0
Tuco Marine’s 11m ProZero Wind Farm Service Daughter Crafts has been chosen for WINDEA's new Ulstein SOVs Tuco Marine Group will supply its 11m ProZero Wind Farm Service Vessel daughter crafts to the two Ulstein X-stern vessels ordered by the German based Bernhard Schulte affiliate
U.S.-flag Great Lakes freighters (lakers) moved 6.7 million tons of dry-bulk cargo on the Great Lakes in April, a decrease of nearly 6 percent when compared to the month’s 5-year average. Another brutal winter again spawned heavy ice formations Lakeswide that slowed the vessels that
Agreement enables high-speed catamaran ferry company Rhode Island Fast Ferry to commission first US-built crew transfer vessel, to be built by Blount Boats, and launch Atlantic Wind Transfers, its commercial wind support services division.
Ampelmann, developer of motion compensated access solutions, has reported a contract with Acta Marine for its newbuild wind farm support vessel, the Acta Orion. Ampelmann’s motion compensated gangway will provide Acta Orion with a stable platform in sea states of up to 2
Coal mining giant Glencore has now applied to have the competition watchdog oversee pricing in the newly privatised Port of Newcastle, reports The Sydney Morning Herald. The NSW port is hiking some shipping charges up to 60 percent after its $1
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Monday, supported by increased demand for capesize vessels. The overall index, which factors in average daily earnings of capesize, panamax
The U.S. Energy Department said Thursday it has given the final approval for Dominion Resources to export liquefied natural gas (LNG) from its Cove Point, Maryland plant. The Cove Point plant is investing $3.8 billion in new infrastructure to ship up to 0
Royal Dutch Shell's quest to return to Arctic drilling for the first time in three years could face delays after Seattle ruled that the city's port must apply for a permit for the company to use it as a hub for drilling rigs. Seattle Mayor Ed Murray
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday, pulled down by a fall in rates for panamax and smaller vessels. The overall index, which factors in average daily earnings of capesize, panamax
In 2014 Gazprom Group (excluding Gazprom Neft) performed exploratory drilling of above 125,000 m of rocks, constructed 32 prospecting and exploratory (7 and 25 accordingly) wells. Over six thousand linear kilometers of 2D seismic profiles were processed
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Thursday as vessel activity remained weak. The overall index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels