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
Falmouth Coastguard has been assisting a cargo vessel which had six people on board and began sinking 12 miles east of the Lizard. The Sea Breeze is an 87m Barbados flagged cargo vessel with six crew onboard. It is carrying 2,750 tons of limestone and was bound for Shoreham at the time of the incident. Lizard and Falmouth RNLI Lifeboats and a rescue helicopter from RNAS Culdrose attempted to pump water out of vessel, the ‘Sea Breeze’, with their own pumps
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
The 53,000 dwt bulk carrier, 'Thor Breeze' has been delivered by Ha Long shipyard, Quang Ninh Province to Thailand ship-owners Thoresen Co. Mr. Do Van Thau – the Vice General Director of Vinashin and representatives of the ship-owner were present at the ceremony. The double-hulled bulk carrier is 190 m in length, 32.26 m in breadth, 17.50 m in depth and with a 12.60 m draught. The main engine is a MAN B&W 6S50 MC-C 9
The dangers of shipping and fishing should not be underestimated, said seafarers’ charity Apostleship of the Sea, following the collision of a car carrier and a fishing boat in Spanish waters. Media have reported that three crew are confirmed dead after the Baltic Breeze, a Singapore-flagged car carrier, collided with a fishing boat near the Spanish port of Vigo in the early morning of Tuesday, April 1. The Baltic Breeze and its crew are well known to the Apostleship of the Sea
iSURVEY has been awarded a two-year contract with offshore vessel owner, Island Offshore Management, which will see iSURVEY AS provide positioning services to Island Offshore as part of a call off arrangement. Operations have already commenced on the first vessel, Island’s DP2 Light construction vessel, the Island Valiant. Following current well head cutting work in the Danish sector, iSURVEY will be supporting Island Offshore for further subsea work in the North Sea.
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
The Coast Guard is conducting a series of formal investigations after Tuesday’s collision involving a Coast Guard cutter and a fishing vessel off the coast of Puerto Rico. Three separate investigations have been initiated and will review different aspects of the collision between the
Eastern Shipbuilding is pleased to announce that on, Monday, September 15, 2014, Great Lakes Dredge & Dock Company, LLC “(Great Lakes”) (NASDAQ: GLDD) and Eastern Shipbuilding Group, Inc. (ESG) cut steel starting the construction of a new Trailing Suction Hopper Dredge ATB .
The crew of Coast Guard Cutter Rush returned to its homeport following a successful 72-day deployment in the Central and Western Pacific, Monday. Rush departed in July 2014 and spent the last two months conducting operations in the Central and Western Pacific
The Maritime Aquarium at Norwalk christened a larger, “greener” new research vessel on Friday, September 26 in preparation for launching a new era in examining, monitoring and teaching about Long Island Sound. The $2.7 million environmentally friendly research vessel
The U.S. Coast Guard is investigating a collision Tuesday between the Coast Guard Cutter Key Largo and the 42-foot commercial fishing vessel, Sea Shepherd, approximately nine nautical miles east northeast of Vieques, Puerto Rico. At 6:38 a.m
Today in U.S. Naval History - September 23 1779 - Capt. John Paul Jones in Continental Navy frigate Bonhomme Richard captures HMS Serapis. 1931 - Lt. Alfred Pride pilots Navy's first rotary wing aircraft, XOP-1 autogiro, in landings and takeoffs on board USS Langley while underway.
Norwegian Cruise Line executives and officials from the German shipbuilder MEYER WERFT took part in the keel-laying ceremony of the new cruise ship 'Norwegian Escape' in a traditional ceremony at the shipyard. During the official ceremony, block number 35/41
Eastern Shipbuilding Group, Inc. (ESG) announced that the Columbia (ESG Hull 981) a steel hull exact replica of the historic Gloucester Fishing Schooner, has completed her sailing trials. The sailing trials were held on September 18, 2014 directly offshore of the beaches of Panama City, Florida
Carrying numbers of passengers, including schoolchildren, far in excess of its license, has cost a Hampshire ferry company £12,340, informs the Maritime and Coastguard Agency (MCA). At Portsmouth Magistrates Court the master, operator and owner of the ferry, Tina Maria
The crew of the Admiral Vladimirsky research vessel during the second phase of its voyage has made a number of geographical and scientific discoveries in the Arctic, the press-service of the Baltic fleet reports via Arctic-info. During navigation along the Northern Sea Route
A Taiwanese company has withdrawn notice to use Chinese vessels on a renewable energy project off the island, the port authority said on Thursday, after opposition lawmakers cited security concerns about the joint operation. The last-minute decision to drop the vessels underscores the island's
The U.S. Coast Guard (USCG) is conducting a series of formal investigations after Tuesday’s collision involving a Coast Guard cutter and a fishing vessel off the coast of Puerto Rico. Three separate investigations have been initiated and will review different aspects of the collision
Today in U.S. Naval History: September 26 1781 - French fleet defeats British at Yorktown, Va. 1910 - First recorded reference to provision for aviation in Navy Department organization 1918 - USCGC Tampa lost with 118 men, probably by German submarine
The Association of Marine Industries (A.M.I.) says it is actively helping Long Island marine based companies recover lost revenue from Hurricane Sandy through NY Rising, a designated New York State funding program. The A.M.I. is making a strong push to ensure that NY Marine based companies are
US Coastguard Corpus Christi inform that a rescue helicopter has medevaced the crewmember of a container ship approximately 40 miles offshore of South Padre Island. The Coast Guard's 8th District watchstanders notified the Sector Corpus Christi Command Center at around 6:30 p.m