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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.


Cenac Towing Acquires Main Iron Works, Christens New Tug

Cenacs 72’x30’, Tier 3 compliant innovative push boat

Cenac Towing Company (Cenac Towing), a third-generation owned global marine transportation company, announced continued growth despite the oil and gas industry’s downturn.   Recently, Cenac Towing acquired Main Iron Works, a tug construction company, and this week, Cenac Towing will christen its brand new 2000 Hp Twin Screw Conventional Tug, The Jean Pierre Cenac. The innovative marine transportation company, run by industry veteran Arlen “Benny” Cenac


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


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


USMMA Announces 2013 Commencement Speaker

Gen. William Fraser III, Commander, U.S. Transportation Command

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.   “The United States Merchant Marine Academy is honored to have General Fraser as our commencement speaker. He epitomizes the ideals of our Academy.  He is an outstanding role-model for our graduates who are about to embark on a lifetime


Survitec Group Completes Merger with WMS Safety Business

Survitec Group, a provider of critical safety and survival technology to the marine and defence markets, has announced the completion of its merger with Wilhelmsen’s marine safety business. The deal includes the transfer of all Wilhelmsen Maritime Services AS (WMS)’


Yang Ming May Merge with Port

Photo: Yang Ming Marine Transport Corp

 Taiwanese container carrier Yang Ming Marine Transport Corp should merge with state-owned port company Taiwan International Port Corp. (TIPC), report local media quoting a member of Taiwan's parliament.   Legislator Chen Ou-po of the Democratic Progressive Party (DPP) proposed that


Refining Capacity Growth to Exceed Demand Until 2020 -Forecast

© katatonia / Adobe Stock

Until 2020, global refining will move toward lower utilization and margins as capacity growth exceeds demand, according to energy industry data and analytics specialist McKinsey Energy Insights (MEI). Post-2020, however, market conditions are expected to improve with higher demand for distillates


New Orleans Receives $1.75 Mln for Port Upgrade

Paul Chip Jaenichen visits with Gary LaGrange at the Port of Greater Baton Rouge to officially award a MARAD grant of $1.75 million for Container on Barge service. The visit and award ceremony was held at the SEACOR AMH office Tuesday, Dec. 6, 2016 at the Ports Inland Rivers Marine Terminal in Port Allen, La. Port of New Orleans (Photo: Port of New Orleans)

U.S. Department of Transportation’s Maritime Administrator Paul “Chip” Jaenichen visited the Port of Greater Baton Rouge’s container-on-barge operation Tuesday while delivering his personal congratulations on the recent awarding of a $1


Two New SEA\LNG Partners

SEA\LNG, which works to accelerate the widespread adoption of liquefied natural gas (LNG) as a marine fuel, has welcomed two new partners, each representing key aspects of the LNG maritime value chain: ABS and Keppel Offshore & Marine’s Gas Technology Development.  


Moore Joins AdvanTec Global Innovations

Charlie Moore Photo AdvanTec

AdvanTec Global Innovations, parent to the Diamond Sea Glaze, Steelhead Marine, Pacific Coast Marine and Freeman Marine Equipment brands, today announced the following business development appointment that will enhance the company’s ability to provide local representation to the marine


GE Showcases Innovative and Efficient Solutions for International Workboat Show

Photo: GE

GE’s Marine Solutions will be present at the International WorkBoat Show, showcasing maritime technologies including: EPA III/Tier 4 Marine Diesel Engine New global emissions standards reduce emissions by more than 70 percent. Engine technology had to advance to meet the new standard


ZF Marine Grows Presence in Louisiana

ZF Marine New location rendering (Photo: ZF Marine)

ZF Marine, the marine business unit of the global ZF Group, said it has secured a new location for its Gulf of Mexico/Inland Waterway sales and service operations.   The company opened its wholly owned location in the greater New Orleans area in late 1996


World Fuel Services Prepares for Global Sulphur Cap

Logo

From 1 January 2020, a new global sulphur cap on marine fuels will come into effect which will turn the whole bunker industry upside down; and World Fuel Services is urging the shipping, bunkering and energy sectors to work together to meet this new challenge.


AMP Applauds Chao as Secretary of Transportation

Elaine L. Chao (File photo: Elaine L. Chao / U.S. Department of Labor)

The American Maritime Partnership (AMP) has issued the following statement on the selection of Secretary Elaine L. Chao as the next United States Secretary of Transportation.   “The American Maritime Partnership congratulates Secretary Elaine Chao for her nomination by President-elect


Keels Laid for Young Brothers Tugs at Conrad Shipyard

Glenn Hong, President of Young Brothers, Limited of Hawaii holds a framed print Photo Conrad Shipyard

Conrad Shipyard held the Keel Laying Ceremony for the four Damen Stan 3711 Kāpena Class tugs now under construction for Young Brothers, Limited of Hawaii. On hand for the ceremony was Glenn Hong, President of Young Brothers, Ltd; Jonathan Parrott, President of Foss Marine


Taiwan Shipping in Troubled Water?

Pic: EverGreen

 Taiwan's shipping lines aren't looking quite so young and fresh as they were earlier, reports Bloomberg.   While the global container industry has embarked on a spree of pairings and menages-a-trois over the past 12 months, Taiwan's shipping lines have remained proudly single.


Cat EPA Tier 4 Engines for McAllister Tug Duo

Horizon Shipbuilding is in the process of installing the first production EPA Tier 4 certified units of its 3516E EPA CAT Marine engines, on a pair of tugs it is building for McAllister Towing & Transportation Co., Inc.   The pair of 100 foot azimuth stern-drive (ASD) escort and rescue


Scottish Ferries Contract for Parker Bestobell Marine

Ferry Valve (Photo: Bestobell Marine)

Parker Bestobell Marine, part of Parker Hannifin, has won a contract to supply cryogenic globe and check valves for two Caledonian MacBrayne Ferries (Calmac) being built at Ferguson Marine Engineering in Glasgow.   The valves will be installed in the liquid natural gas (LNG) fuel gas


Lloyd’s Register’s Acquires Seasafe

Lloyd’s Register (LR), a  global engineering, technical and business services organization has added to its portfolio of advanced data, digital and software solutions with the acquisition of Seasafe Marine Software & Computation (Seasafe).






 
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