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 Coast Guard medevaced a 61-year-old woman Monday from a cruise ship 230 miles east of Cape Hatteras. Fifth Coast Guard District watchstanders received a report at 1 p.m. stating a woman aboard the cruise ship Norwegian Breakaway was found unconscious.
U.S.-flag Great Lakes freighters carried 2.3 million tons of dry-bulk cargo on the Great Lakes in January, a decrease of 23 percent compared to a year ago, according to figures compiled by the Lake Carriers’ Association (LCA). Iron ore cargos decreased 20 percent
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped below 300 points on Thursday, to an all-time low. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, registered a new all-time low for the ninth straight session on Friday as concerns of slow global demand outweighed gains for the large-vessel segment.
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, ended flat on Monday, primarily due to higher rates for capesize vessels and ending a run of 15 consecutive losing sessions.
Brazilian mining company Vale SA may reopen its iron ore and coal port, Port of Tubarao, near Vitoria, reports Reuters. Vale, the world's largest iron ore exporter, said the order came from Brazil's Federal Regional Tribunal.
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, resumed its fall on Tuesday to touch a new all time low on concerns of slowing global demand and vessel oversupply. The overall index
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address at the 9th Biennial International Conference
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, hit a record low on Wednesday on persistent oversupply of vessels and tepid demand. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain
Chinese iron ore and coal imports to fall in 2016 - Clarkson Freight rates for capesize bulk carriers on key Asian routes are likely to stay flat as vessel volumes outpace cargo demand and the approaching Chinese New Year holiday further dampens chartering activity, ship brokers said on Thursday
Dry bulk shipping is facing a perfect storm and requires drastic supply side measures if the industry is to return on course to profitability in the medium term, according to the latest edition of the Dry Bulk Forecaster report published by global shipping consultancy Drewry.
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, continued its fall to close at a fresh record low on Friday. The overall index, which gauges the cost of shipping dry bulk including iron ore, cement, grain, coal and fertiliser
U.S. and Canadian Coast Guard icebreaking crews kick off operation Coal Shovel Friday in the waters of the southern Great Lakes. Operation Coal Shovel encompasses domestic icebreaking operations in southern Lake Huron, Lake St. Clair, the St
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, touched a new all-time low on Monday as concerns of weak global demand and vessel oversupply weighed on the sector. The overall index
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, slipped to another all-time low on Tuesday on worries about vessel oversupply and slowing global demand. The overall index, which gauges the cost of shipping dry bulk including iron