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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.


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.


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


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


Rolls-Royce Marine Unit to Cut 600 Jobs

Photo: Rolls-Royce

British engineering group Rolls-Royce (RR.L) said it would cut 600 jobs in its Norwegian-focused marine business in response to the lower oil price, a move it said would have a "broadly neutral" impact on 2015 profits.   Rolls-Royce is in the middle of a cost-saving plan in its


NY Maritime Law Firm Cited as a Top Practice

Daniel G. McDermott

The Maritime Litigation Practice Group in the New York City office of Marshall Dennehey Warner Coleman & Goggin, has been recognized among the top national maritime practices by Chambers USA: America's Leading Lawyers for Business.  


BP, Sinopec JV for Marine Fuel

Pic: BP

 British oil major BP and China’s Sinopec Fuel Oil have formed a marine fuels bunkering joint venture (JV), BP Sinopec Marine Fuels Pte Ltd.   Under the deal, the 50-50 percent joint venture, BP Sinopec Marine Fuels Pte Ltd


New Flag Program Honors US Merchant Marines

Image: MARAD

The U.S. Department of Transportation’s Maritime Administration (MARAD) announced the launch of the United States Merchant Marine Flag Program, which will provide U.S. Merchant Marine Flags for display nationwide, honoring the historic and continuing contributions of U.S


Evergreen Launches Vietnam-Singapore-Malaysia Service

In light of the increasing capacity demand, Evergreen Line will launch its new Vietnam-Singapore-Malaysia service (VSM) this month.    The dedicated feeder loop will utilize two A-type containerships of 1,164 TEU. The first sailing of the weekly service will start from Haiphong on May


Singapore's Transport Minister to Speak at LISW 2015

Minister for Transport Mr Lui Tuck Yew Courtesy Singapore Transport Ministry

London International Shipping Week 2015 (LISW) is delighted to announce that Mr Lui Tuck Yew, Singapore’s Minister for Transport, has confirmed that he will speak at the official LISW Conference on 10th  September 2015 at the Grosvenor House Hotel on London’s Park Lane.  


Freight Logistics Implements CargoSphere Rate Technology Platform

Photo: CargoSphere

CargoSphere, a cloud-based global rate management solution and confidential Rate Mesh for the ocean and air transportation and logistics industries, has announced that Freight Logistics, a global freight forwarder and logistics service provider, has implemented the CargoSphere technology platform


Cummins: New Environmental Sustainability Goals

Cummins Inc. announced two new environmental sustainability goals for its products in-use and the logistics of the company's managed freight.   These new goals are part of a broader effort for Cummins to reduce its environmental footprint, the company said


TSB to Investigate : MOL Precision Strikes Berth

Container vessel MOL Precision courtesy MOL

Richmond, British Columbia, 11 May 2015 — The Transportation Safety Board of Canada (TSB) is deploying a team of investigators to Port Metro Vancouver, in British Columbia, where the container vessel MOL Precision struck the berth. The TSB will gather information and assess the occurrence


Universal LNG, Sembcorp Marine Pact for West Africa LNG Development

Image: Offshore Engineering by Jurong Shipyard Pte Ltd

 Universal LNG Holdings has launched West Africa LNG Development, a ground-breaking solution partnership between Universal LNG Holdings and Sembcorp Marine Group Company.   With Sembcorp Marine's wholly owned subsidiary Jurong Shipyard participation


Barillec to Present ‘Marine Apps’

Photo: Barillec

Barillec informs it has chosen the Electric & Hybrid Marine Expo to unveil its new identity and to present its “Marine Apps”.  The show will be held in Amsterdam, The Netherlands, from June 23-25.   Barillec develops marine applications based on 60 years of global


IMO Dodges Marshall Islands Plea for CO2 Target

Emissions from shipping. Photo courtesy: HZG

 The International Maritime Organisation (IMO) has dodged a decision on the setting of a new global target for reducing greenhouse gas emissions from international shipping, proposed by the Marshall Islands.   The environmental lobby group Transport & Environment (T&E)


Aiken Marine Sees Upturn In Overseas Business

Danny Donald (left) and Steve Grant (right). (Photo:Aiken Marine)

A division of Aberdeen-based Aiken Group announced an upturn in its overseas business in recent months.   Aiken Marine, which supplies a range of services to the global marine and offshore industries, has seen a rise in its business supplying and brokering newbuild resale drilling jackups


Marine Design Conference Wraps Up in Tokyo

Photo: ClassNK

The 12th International Marine Design Conference (IMDC) was held in Tokyo from May 11-14, hosted by The Japan Society of Naval Architects and Ocean Engineers, and sponsored by The Shipbuilders' Association of Japan and ClassNK.   IMDC is a global academic conference for the design of marine


9 Voith Schneider Tugs on target in SA Shipyards

Eugene Rappetti (left), with Southern African Shipyards CEO, Prasheen Maharaj (right)

Construction work on nine tugboats for Transnet National Ports Authority (TNPA) at the Southern African Shipyards premises in Durban is well under way. "This is a milestone project that reinforces the capacity and skill of South Africa when it comes to competing in the global shipbuilding






 
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