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
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
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 Cabinet Committee on Economic Affairs (CCEA), Government of India, chaired by the Prime Minister Narendra Modi, has given its approval to the project of Mechanisation of East Quay (EQ) Berths-1, 2 and 3 at Paradip Port on Build, Operate and Transfer (BOT) basis, under Public Private Partnership (PPP) mode' for handling thermal coal exports. The estimated cost of the project is Rs.1437.76 crore of which Rs. 1412.76 crore will be spent by the concessionaire. The remaining Rs
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
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 ..
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, hurt by lower rates for capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, slipped on Friday, as demand for capesize and panamax vessels fell. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels
Mercury Marine is adding a 53,000 square foot manufacturing capacity expansion to its global headquarters in Fond du Lac, Wisc. The expansion will consist of 45,000 square feet of manufacturing capacity and an additional 8,000 square feet of office space
Gangavaram Port, the deepest and the most modern port in the country, has created yet another historical milestone record by discharging 1,56,339 metric tons of Non-Coking Coal from the vessel M.V. Cape Asia in 24 hours. This achievement stands out as the fastest discharge rate in the history of
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose marginally on Thursday as steady demand for smaller vessels offset weaker rates across capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax
IMTRA, a manufacturer and importer of commercial marine products, has delivered equipment to the first U.S.-flagged offshore wind farm crew transfer vessel (CTV), Atlantic Pioneer. IMTRA’s scope of supply includes the Colorlight CL20 high-output searchlight
The first US-built and operated offshore wind farm crew transfer vessel will be named at an official christening ceremony in Quonset Point, Rhode Island. Following the Christening the ‘Atlantic Pioneer’, owned and operated by Atlantic Wind Transfers
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Friday due to higher demand for capesizes and gains across smaller vessel segments. The overall index, which factors in rates for capesize, panamax
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Monday, supported by higher demand for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Tuesday, primarily helped by higher demand for capesize vessels. The overall index, which factors in rates for capesize, panamax, supramax and handysize shipping vessels
According to a regulatory filing, Hyundai Heavy Industries (HHI) racked up 10.2728 trillion Korean won in sales for Q1 2016, a 7.8 percent decline from the previous quarter while operating income swung to a profit of 325.2 billion won, putting an end to a nine-quarter losing streak.
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose on Wednesday, boosted by stronger demand for capesizes and smaller shipping vessels. The overall index, which factors in rates for capesize, panamax
Essar Bulk Terminal Limited, Hazira, a subsidiary of Essar Ports Limited, which is a part of Essar, has received an approval from Gujarat Maritime Board (GMB) to handle 15 million tonnes of merchant cargo over three years. Based on this approval, the Hazira Terminal
The Philippines has been discussing coordinated naval patrols on its southern maritime borders with Indonesia and Malaysia to protect shipping after attacks and kidnappings by Islamist militants, its foreign minister said on Thursday. Indonesia is trying to free about 14 of its citizens seized
The London P&I Club has issued a warning about continued problems associated with the carriage of Indonesian thermal or ‘steam’ coal, following a number of recent incidents involving owners and charterers. Indonesian coal has a propensity to self-heat and/or emit methane