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 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
India is trying to boost sales of its low-quality coal by offering more of the fuel at home and initiating steps to lower freight costs, while global prices are high, with the government hoping the moves will help cut imports. State-controlled Coal India, the world's largest miner of the fuel, has sharply boosted output in the past two years but has struggled to sell all of that due to softer domestic demand and the availability of superior-grade foreign coal at competitive rates
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
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
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 ..
One of China's top coal-producing provinces has vowed to slash its level of fine particle pollution by one-fifth by 2020, the official Xinhua news agency reported on Saturday, citing the provincial government. China has adopted various measures from policing barbeques to halting industrial
Brazil-China rates climb to a 15-month high; about 80 capesize, panamax ships waiting to unload around Tianjin. Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain firm for at least two more weeks as bad weather conditions in China and Australia help
CWind, an integrated service provider in the offshore wind industry, has announced that it supplied Crew Transfer Vessels (CTVs) to assist with blade repair operations at the offshore wind farm for E.ON, the wind farm site owner at Robin Rigg.
Paradip Port has achieved a record discharge of 62,730 MT of coking coal for a conventional berth in a time-frame of 24 hours overcoming its previous high of 55,337, MT. Located at 210 nautical miles south of Kolkata and 260 nautical miles north of Visakhapatnam on the east coast of India in
A two-day Biofutures Industry Forum hosted by the Queensland government and U.S. Navy at the Brisbane Convention and Exhibition Centre commenced today in Brisbane, Australia. The forum will bring together biofutures industry leaders from each step in the supply chain to collaborate and discuss
Wärtsilä has signed a manufacturing license agreement with Jiujiang Precision Measuring Technology Research Institute, a subsidiary of China State Shipbuilding Corporation (CSSC), based in Jiujiang, China. The two-way agreement provides CSSC with access to technology and the
U.S.-flag Great Lakes freighters (lakers) moved 8.4 million tons of cargo in November, an increase of 6.7 percent compared to a year ago. However, the November float was 6.7 percent below the month’s 5-year average.
Chartering activity falls as holidays loom; Rio Tinto offering rates 5.5 pct lower than index level. Freight rates for large capesize dry cargo ships on key Asian routes will slide further next week in a lacklustre chartering market ahead of Christmas, ship brokers said.
The marine and offshore industries are becoming increasingly concerned with questions over the future fuel market, especially given ongoing uncertainty around future emissions regulations and the dates in which they will come into force. Marine owners and operators need to identify viable
The U.S. Coast Guard officially commenced Operation Coal Shovel, Tuesday, encompassing domestic ice-breaking operations in southern Lake Huron, Lake St. Clair, the St. Clair / Detroit River system, Lake Erie, Lake Ontario and the St. Lawrence Seaway.
Since Q1 2013, the significance of U.S. coal exports has seen a considerable setback, with 2016 achieving the same levels as 2009. This is due to the long-haul routes carrying coking coal from the U.S. East Coast and U.S. Gulf Coast to East Asia
Just handful of ships for Brazil loading in early January; coal, South African iron ore cargoes support rates. Freight rates for large capesize dry cargo ships on key Asian routes could diverge with rates from Brazil to China nudging higher on a shortage of tonnage and those from
Coast Guard crews medevaced two men after they were struck by a pressurized object and suffered injuries aboard a tank ship about 20 miles off the Texas Point Wildlife Refuge Wednesday afternoon. The crew of the tanker United Ambassador contacted Coast Guard Marine Safety Unit Port Arthur
The Coast Guard medevaced a 36-year-old woman from the cruise ship Norwegian Dawn 110 miles south of Southwest Pass, Louisiana, Thursday. Coast Guard Sector New Orleans watchstanders received a report at 3:20 p.m. that a cruise ship crewmember, Shirlee Magsino
2016 is not yet over, but the volume of transshipments is already higher than in the previous record year, being currently estimated at more than 36.3 million tonnes. This is a result which, until recently, would have been out of reach for any Polish port