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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 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 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 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, 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


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


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


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.


PALFINGER Finalizes Harding Acquisition

Morten Blix (Herkules) shaking hands with Herbert Ortner (CEO,Palfinger) and Styrk Bekkenes (CEO, Harding Safety) in the background (Photo: Harding Group)

The PALFINGER Group closed the acquisition of 100 percent of the shares in Herkules Harding Holding AS, i.e. the globally operating Harding Group, supplier of lifesaving equipment and lifecycle services for maritime installations and ships.  


UK First to Accept Marine Geoengineering Amendments

Photo: International Maritime Organization (IMO)

 The United Kingdom has become the first State to formally accept the 2013 marine geoengineering amendments to the 1996 “London Protocol”, the treaty covering dumping of wastes at sea.    The amendments support the precautionary approach by providing for specific


UK First to Accept Marine Geoengineering Amendments

Photo: IMO

The United Kingdom has become the first state to formally accept the 2013 marine geoengineering amendments to the 1996 “London Protocol”, the treaty covering dumping of wastes at sea.   The amendments support the precautionary approach by providing for specific marine


Admiral of the Ocean Sea Award Recipients Named

Clockwise (from top left) Arthur E. Imperatore, Christopher Wiernicki, and Donald Marcus, Photo USS

The United Seamen's Service (USS) 2016 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Arthur E. Imperatore, Founder and President of New York Waterways; Donald Marcus, President of the International Organization of Masters, Mates & Pilots; and Christopher Wiernicki


AkzoNobel Wins Major Environmental Award

Mike Winter accepting award on behalf of AkzoNobel

AkzoNobel’s pioneering methodology for rewarding ship owners who use sustainable hull coatings has been named Environmental Leader Product of the Year for 2016. The award recognizes the introduction of the shipping industry’s first carbon credits methodology


Transition to the 0.50% Global Sulphur Cap

Photo: International Bunker Industry Association

 The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) is expected to decide on the timing of the global 0.50% sulphur cap for marine fuels in October this year, based on the result of a low sulphur fuel availability study required under MARPOL


OOCEP Ships First Crude Oil from MGP Terminal

Marsol performing the tanker operations (Photo: Marsol International)

Oman Oil Company Exploration & Production LLC (OOCEP) shipped its first crude oil cargo from the Musandam gas plant (MGP) with the support of UAE-based Marsol International.   OOCEP, a subsidiary of Oman Oil Company S.A.O.C exported 300,000 barrels of crude oil as part of the operation


Damen, Ampelmann Team up for Marine Access Demonstration

FCS 5009 with Ampelmann L-type Photo Damen

Damen Shipyards Group has teamed up with the global leader in motion compensation access solutions, Ampelmann, to conduct tests with Ampelmann’s L-Type system on board a Damen Fast Crew Supplier (FCS) 5009. Damen is developing its marine access solutions in order to guarantee increased safety


Sustainable Use of the Oceans

Photo:  International Maritime Organization (IMO)

 International Maritime Organization (IMO)  will have an important contribution to make to the UN 2017 Oceans Conference, which is being co-hosted by Fiji and Sweden from 5 to 9 June 2017.   It has aims to support the implementation of Sustainable Development Goal 14 (Conserve and


U.S. Merchant Marine Academy Graduates 229

Hat Toss1s Courtesy USMMA

The U.S. Merchant Marine Academy (USMMA) at Kings Point graduated 229 new Merchant Marine and Military Officers as part of its Class of 2016 commencement ceremony today. The keynote speaker, Gen. Darren W. McDew, Commander, U.S. Transportation Command (USTRANSCOM)


Crowley Scholarships for Four Maine Maritime Academy Students

Sean OConnor (top left), Jordan Harmon (top right) J.T. DiGuglielmo (bottom right) and Luke Olson (bottom left). Photo Crowley Maritime Corp

Crowley Maritime Corp.’s Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of Maine Maritime Academy (MMA). The four recipients, J.T. DiGuglielmo, Jordan Harmon, Sean O’Connor and Luke Olson


Hundreds of Scientists Urge Obama to Halt Arctic Oil Drilling

Photo Credit: NASA Goddard Space Flight Center

 Nearly 400 scientists from more than a dozen countries signed a letter urging U.S. President Barack Obama to take the Arctic Ocean out of the next federal offshore lease sale plan, thus ruling out the possibility of offshore drilling in the Arctic in the near future.  


Star Bulk Sets Terms on Reverse Stock Split

Pics: Star Bulk Carriers Corp

 Athens-based Star Bulk Carriers Corp has determined to effect a 1-for-5 reverse stock split of the Company's common shares.    The Company's shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and proceed with the


How Do World’s Major Shipping Fleets Perform?

Graph: Clarksons Research

 Clarksons Research Analysis takes a look at the world’s major shipping fleets and  how do the largest shipowning nations perform when it comes to punching above their weight?   SIW 1223 pointed out that Greek owners as a whole command a powerful ‘sting’ when one


Port of New Orleans COO Joins Green Marine Board

Brandy Christian (Photo: Port of New Orleans)

Green Marine, an environmental certification program for the North American marine industry, elected Port of New Orleans Chief Operating Officer Brandy Christian to its Board of Directors during its annual conference last month.   “Brandy Christian’s nomination shows a






 
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