GLOBAL MARINE TRANSPORTATION
Eagle Bulk Shipping Takes Delivery of Supramax Drybulk Vessel
Eagle Bulk Shipping, Inc., a global marine transportation company specializing in the Supramax segment of the dry bulk shipping industry,announced that it has taken delivery of the Shrike, a 2003 built 53,343 dwt Supramax dry bulk vessel. The Shrike was acquired as part of a three vessel transaction announced on February 28, 2007. The Shrike will immediately commence a 24-27 month charter at a rate of $24,600/day. The charterer has an option to extend the charter period by 12-14 months at a rate of $25,600/day.
Omega Navigation 1Q 2007 Results
Omega Navigation Enterprises, Inc. , a provider of global marine transportation services focusing on product tankers announced its unaudited financial and operational results for the first quarter ended March 31, 2007. The Company had previously announced the declaration of its quarterly cash dividend with respect to the first quarter of 2007 of $0.50 per share payable on May 31, 2007 to stockholders of record on May 21, 2007.
Omega Declares Quarterly Cash Dividend
Omega Navigation Enterprises, Inc. a provider of global marine transportation services focusing on product tankers announced today that its Board of Directors declared a quarterly cash dividend with respect to the second quarter of 2007 of $0.50 per common share, payable August 31, 2007 to stockholders of record on August 17, 2007.
Omega Navigation Enterprises Declares Cash Dividend
Omega Navigation Enterprises, Inc. (NASDAQ:ONAV, SGX:ONAV50), a provider of global marine transportation services focusing on product tankers announced that its Board of Directors declared a quarterly cash dividend with respect to the third quarter of 2007 of $0.50 per common share, payable November 30, 2007 to stockholders of record on November 15, 2007. The company recently announced the signing of shipbuilding contracts to construct and acquire five newbuilding double hull Handymax
News: Signet Martime Inks Garrett Contract
Signet Maritime Corp. and Garrett Marine, Inc. executed agreements August 29, 2003, for charter and purchase of Garrett's Aransas tug business, finalizing plans that originated in 2002 to expand Signet's presence in the Aransas Pass/Ingleside region. The Garrett family, which has been serving marine tug needs in Texas for almost 50 years, agreed to terms for handing over responsibility for tug operations to Signet for marine and construction firms in the Aransas Pass/Ingleside region.
Omega Navigation, Capital Injection by Founder & CEO
Omega Navigation Enterprises, Inc. (NASDAQ: ONAV, SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced that it agreed to a capital infusion of $5.25m through a loan by its founder, CEO and largest shareholder, George Kassiotis. The capital infusion will be made through a company owned and controlled by George Kassiotis in the form of a secured convertible promissory note which, under certain circumstances and at the option of the holder
Omega Navigation Enterprises Reports 3Q Results
Omega Navigation Enterprises, Inc. (NASDAQ:ONAV, SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced its financial and operational results for the third quarter ended September 30, 2007. The Company had previously announced the declaration of its quarterly cash dividend with respect to the third quarter of 2007 of $0.50 per share payable on November 30, 2007 to stockholders of record on November 15, 2007.
Security Council Formed With Assistance From Savi Technology
Every day, about 17,000 cargo containers enter U.S. ports, yet only one or two percent of them is routinely inspected. Since Sept. 11, government officials and global supply chain experts have been focusing on vulnerabilities and potential solutions to help ensure that weapons of mass destruction are not concealed in international cargo shipments. The formation of a new group of prominent supply chain thought leaders experienced in both the private and public sectors is being announced at
Omega Navigation Joint Venture for Omega Duke
Omega Navigation Enterprises, Inc. (NASDAQ: ONAV) (SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced it has taken delivery of the first of its newbuildings, the 47,000 dwt. Omega Duke. It further announced that it has taken several measures to better position itself to fund its newbuilding commitments from internally generated cash flow. As previously announced, Omega has commitments from commercial banks to provide 75% financing at
Megacore Shipping New Product Tankers
Omega Navigation Enterprises, Inc. (NASDAQ:ONAV, SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced that it has formed an equal partnership (50/50) joint venture company with Topley Corporation, a wholly owned subsidiary of Glencore International AG (Glencore). The name of the joint venture company is Megacore Shipping Ltd. Companies owned by Omega and the Glencore group have novated their respective original shipbuilding contracts
Increased Demand for Trained Maritime Professionals
May 22 is National Maritime Day, an observance to recognize the contributions and sacrifices made by America's Merchant Marine. However, it is also a time to reflect on a growing industry that is facing needs for highly-skilled mariners. The total value of marine freight is estimated to
Maine Port Authority, McAllister Colloborate on "Containerized" ATB
Maine Port Authority selected McAllister as its partner for the design of a containerized articulated tug barge (ATB) for the New England Marine Highway Project, according to Buckley McAllister, President of McAllister Towing & Transportation.
Maine Port Authority Selects McAllister for ATB
Buckley McAllister, President of McAllister Towing & Transportation, announced the Maine Port Authority has selected McAllister as its partner for the design of a containerized articulated tug barge (ATB) for the New England Marine Highway Project.
Strategic Marine Delivers Two Windfarm Service Vessels
Specialist boatbuilder Strategic Marine delivered the Njord Puffin to offshore windfarm service fleet operator Njord Offshore for deployment in Northern Europe. “The Puffin is the sixth in a series of eight vessels ordered, a strong signal of our commitment to the global windfarm industry
Maersk Buys, Reflags, Container Ships for US Trade
Maersk Line has purchased & is reflagging 8 newer and larger containerships to upgrade services provided to its U.S. military, government and commercial customers. MLL's investment of approximately half a billion dollars in eight vessels will improve the quality of service to the Middle East
Ship Finance Lawyer Joins Fulbright
A finance lawyer with a focus in the transportation industry, Brian P. Devine, joins the New York office of Fulbright & Jaworski L.L.P as partner. “Brian’s experience in shipping will increase the capabilities of our maritime practice,” said Thomas W
USMMA Alumni Eviction Upheld in Federal Court
Academy demands that Alumni Association immediately vacate premises; court orders parties to work out details by end of business of Friday, May 10th. The eviction of the U.S. Merchant Marine Academy Alumni Association has been affirmed by a Long Island federal court
MTR100: Subsea Industry Awards Deadline Approaching
The July / August 2013 edition of Marine Technology Reporter will once again feature the MTR100, profiles of 100 leading companies in the global subsea sector. This editorial feature is free, but you must apply to be considered. Deadline for the MTR100 2013 is MAY 31, 2013.
Rickmers CEO Joins Annual International Maritime Hall of Fame
Ron Widdows, CEO of Rickmers Group and Rickmers-Linie, was inducted into the Annual International Maritime Hall of Fame in recognition of his outstanding contribution to the global maritime industry. He was one of only six people awarded the honor in a ceremony in New York on May 8
Mixed Messages on Monitoring and Automation Technology
A recent study found that 84% of port owners, operators and contractors said they would expect increased safety to be the primary benefit in specifying an automated system to monitor factors such as mooring line tension, approach speed and environmental conditions
USMMA Announces 2013 Commencement Speaker
The U.S. Merchant Marine Academy (USMMA) today announced that Gen. William M. Fraser III, Commander, U.S. Transportation Command (USTRANSCOM), has been chosen as this year's commencement speaker to be held at USMMA on Monday, June 17, 2013.
Harris Pye Opens New Office in Dubai
Harris Pye marked another milestone in their bid for further global expansion last week with the opening of their brand new company in Jumeirah Lakes Towers, Dubai, United Arab Emirates. This company was established to centralize engineering teams to support global business dealings with regard to
Bureau Veritas Publishes Annual Report and Business Review
International classification society Bureau Veritas has issued its annual group global Activity Report and its separate Marine and Offshore Business Review. The Bureau Veritas 2012 Activity Report provides a global picture of the group's performance and key achievements in 2012 and highlights
IMO’s GloBallast Partnerships Awarded “Best Innovative Project”
IMO’s GloBallast Partnerships Project, which assists developing countries and their maritime industries for implementation of the international regulations on ballast water management to prevent the spread of alien invasive species, has won the sixth Marine BizTV International Maritime Award
Transportation Secretary Honors SUNY Maritime President
On Wednesday, May 22 at 10:00 a.m., U.S. Transportation Secretary Ray LaHood will present the Merchant Marine Medal for Outstanding Achievement to Rear Admiral Wendi Carpenter, USMS, President, SUNY Maritime College for her support of relief efforts following Hurricane Sandy.