Baltic Trading Limited (NYSE: BALT), a drybulk company focused on the spot charter market, announced that it has taken delivery of the Baltic Breeze, a Handysize newbuilding. The Baltic Breeze is the final vessel to be delivered to the company under Baltic Trading's agreement previously announced on June 9, 2010 to acquire three Handysize vessels from companies within the Metrostar group of companies. The company has signed a novation agreement for the vessel's current time charter with Cargill International S.A., for an initial duration of 45.5 to 50.5 months and a minimum expiration of August 2014. The rate for the spot market-related time charter will be based on 115% of the average of the daily rates of the Baltic Handysize Index (BHSI), as reflected in daily reports. Hire will be paid every 15 days in advance net of a 6.25% brokerage commission, which includes the 1.25% commission payable to Genco Shipping & Trading Limited. Baltic Trading will not be responsible for voyage expenses, including fuel
Crewmembers from Pre-Commissioning Units (PCU) Makin Island (LHD 8) and Mesa Verde (LPD 19) wrapped up the first Pascagoula Surface Line Week (SLW) competition on Feb. 9. This week of events matched the two amphibious ships against each other for the honor of ‘Top Gator’ in events, which were divided into two categories, professional and athletic. In the professional events, participants competed in Cable Building with Soldering
Opal Marine, the UK’s largest sailboat distributor has collected a host of awards for outstanding sales of Island Packet yachts in the UK. The awards were presented to Island Packet Sales Director, Bob Stokes during the recent annual Island Packet dealer’s banquet and awards ceremony in Annapolis, USA. For the third year in a row Opal picked up the “Million Dollar Club” award which is aimed at an elite group of dealers who have succeeded in
A Coast Guard helicopter crew from Aviation Training Center Mobile, Ala., hoisted seven boaters who were stranded on Chandeleur Island, Miss., today. The helicopter crew diverted from a training mission after hearing the report that the 29-ft. fishing vessel, Island Gypsy, from Biloxi, Miss., with seven people onboard, was taking on water. The crew of the Island Gypsy grounded the vessel on Chandeleur Island while the helicopter crew was en route.
Blount Boats, Inc. has been awarded a contract by the Maine Department of Transportation to build a 110-ft passenger ferry for the Casco Bay Island Transit District. The design specifications are similar to the Aucocisco III, which were developed by Seaworthy Systems. The proposed 399 passenger, Sub-Chapter K vessel will operate year round ferry service to islands in Casco Bay, Portland, Maine. The vessel will be equipped with electronically controlled diesel engines that meet the latest
Dynamic modeling of sea-level rise, which takes storm wind and wave action into account, paints a much graver picture for some low-lying Pacific islands under climate-change scenarios than the passive computer modeling used in earlier research, according to a new U.S. Geological Survey report. A team led by research oceanographer Curt Storlazzi of the USGS Pacific Coastal and Marine Science Center compared passive "bathtub" inundation models with dynamic models for two of the
Aker Yards has signed a contract with Island Offshore VIII KS, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 755 LN platform supply vessel. The value of the contract is approximately NOK 150 million. This is the 18th contract between the shipowner, Island Offshore in Ulsteinvik and Aker Yards. The hull for the platform supply vessel will be built in Romania and the vessel will be outfitted in Brevik. Delivery is scheduled for primo November 2007.
Island Oil and Gas PLC said it has been granted two new licenses offshore Ireland. One license covers blocks in the Southern Slyne Trough. Island Oil, the designated operator, and Lundin Petroleum AB will each hold a 50 percent interest in the newly named Inishmore Licence. The second award is the newly named Inishowen licence in the Donegal Basin. Again, Island is the designated operator with a 40 pct stake, while Lundin will hold 40 pct and Endeavour Energy 20 pct.
Island Offshore has agreed a new 2-year contract for the SCV Island Pioneer with Ocean Mexicana SA de CV. The sub-sea construction vessel (SCV) has been working for OM since delivery in April 2006 and the new contract will run in direct continuation with the current contract. Island Pioneer is of P101 Ulstein Design and is equipped with DP II, a 140 ton offshore crane and accommodation for 87 persons. The vessel will perform a variety of subsea and light construction work during this
Accompanied by azure blue skies and a stiff breeze, the Navy christened and launched its newest oceanographic survey ship, USNS Maury (T-AGS 66), the last of its class at VT Halter Marine’s shipyard in Moss Point, Miss., in a traditional Navy ceremony on March 27. The 350-foot ship is named for Cmdr. Matthew F. Maury, considered to be the father of oceanography, nicknamed the “Pathfinder of the Seas” and the first superintendent of the U.S. Naval Observatory
Amelia Island, Florida: At the second annual Workboat Exchange, held in April at the Ritz Carlton Hotel on beautiful Amelia Island, Florida, about 160 marine buyers and sellers alike got a full taste of the best food, weather and accommodations that the Sunshine state has to offer
A new interactive display on Particularly Sensitive Sea Areas (PSSA) has been launched at IMO Headquarters and online at www.pssa.imo.org. A PSSA is an area that needs special protection through action by IMO because of its significance for recognized ecological or socio-economic or scientific
Aberdeen Harbor welcomed its first cruise vessel as it prepares for 12 expected visits to the city during the summer season. The arrival of the cruise vessel Island Sky, famed for its large suites and spacious outside decks, signals the start of the season when it arrives tomorrow (May 21) for
Tim Nolan, as Executive Vice President, will report to Peter Keller, President and be domiciled at Sea Star headquarters in Jacksonville, Florida. Tim has a broad background in liner shipping to include management accountabilities in Chile, as well as, the Latin America and Caribbean trades
Registration is open for the 10th Annual Marine Money Istanbul Ship Forum on May 22, 2013 at the Swissotel - The Bosphorus. Meet with shipping professionals to hear about how to position your business in these challenging times. The latest issues in Turkish shipping and ship finance will be
Walter A. Poggi, President and CEO of Retlif Testing Laboratories, Inc., was recognized with IEEE’s Harold Wheeler Award for his contributions to the industry and to Long Island during his 35 years at the helm of the independent testing organization.
Mitsui O.S.K. Lines, Ltd. (MOL) announced its new Mozambique Express Service (MZX), departing Singapore on June 7, 2013. MZX is a weekly service operated by PIL with seven vessels. MOL will have space on their new MZS service by swap with some spaces on new IOX service.
The Star Cruises' ship 'Superstar Gemini' was towed in to the yard for emergency repairs to fouled propellors. En route from Shanghai to Jeju Island the Superstar Gemeni's port side propellor shut down after becoming entangled with fishing nets and ropes
Vard contracted by Island Offshore for the construction of an advanced offshore support vessel (OSV) of Rolls-Royce design. The value of the contract amounts to approximately NOK 400 million and delivery is scheduled from Vard Brevik in Norway in Q3-2014.
The following list of ship sales for April 2013 was prepared by Shipping Intelligence Inc., New York. Sale Prices are listed in millions USD. Date - Vessel name - DWT - BLT/AGE - Price
Today in U.S. naval history - May 6. 1909 - Great White Fleet anchors in San Francisco 1916 - First ship-to-shore radio telephone voice conversation from USS New Hampshire off Virginia Capes to SECNAV Josephus Daniels in Washington, DC 1942 – Capt
Circling the world five times as part of her famed 30,000-mile circumnavigation voyages, the tall ship Picton Castle has often been called upon to deliver critically-needed goods, including medical supplies and thousands of pounds of donated books and educational materials
This Day U.S. Naval History - May 14 1801 - Tripoli declares war against the United States 1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first major scientific expedition overseas. Lt
Heavy ice cover on the lakes that stretched well into April slowed resumption of the limestone trade. Shipments totaled only 1.8 million tons, a decrease of 28% compared to a year ago. Loadings are 21% off the month’s five-year average.
Kraken Sonar Systems Inc. announced that its Cooperative Research and Development Agreement (CRADA) with the U.S. Navy’s Naval Undersea Warfare Center (NUWC) in Newport, Rhode Island was successful. NUWC Division Newport is one of two divisions of the U.S