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
Power was knocked out to 80 percent of Bermuda's electricity grid due to Hurricane Gonzalo, the island's only power company, Bermuda Electric Light Co., said on Friday evening. The company reported that about 29,000 customers were without electricity, out of 36
Rolls-Royce announced it has signed a cooperation agreement with the Astican Shipyard in Las Palmas, Canary Islands that it said will enhance the service capabilities of both parties to meet growing demand from rig and drillship owners. A new 1
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced today that its annual Tribute to the United States Coast Guard Seventh District will take place on November 13 at the Marriott Biscayne Bay in Miami
Venezuela's state-run oil company PDVSA has hired a supertanker to load a second 2 million-barrel cargo of Algerian crude, according to preliminary tanker fixture data. Venezuela will start importing light crude this month with a shipment of Algerian Saharan Blend scheduled to arrive at its
Rolls-Royce has won a $11.3 million order to provide design, integrated power and propulsion systems and equipment for an offshore service vessel for Norwegian ship owner Island Offshore. The offshore service vessel will be built at VARD shipyard in Brevik
The Coast Guard and commercial mariners rescued three people who were reported overdue on a skiff near the Chuuk Atoll, Thursday. The motor vessel, Nord Venus located the three male survivors approximately 23 miles north of Chuuk.
A Coast Guard search and rescue team and a local fishing crew worked together Saturday to save a fishing boat from sinking near Great Wass Island, Maine. Watchstanders at the Sector Northern New England Command Center in Portland
B&G, official supplier to The Volvo Ocean Race, has teamed up with journalist and author Mark Chisnell to create a series of weekly blogs providing behind the scenes insights into the race’s tactics and results. Starting with a preview of the first leg of the Volvo Ocean Race 2014-15
Port of Ponce Authority actively seeking international port operator Puerto Rico announced today that it is looking for a major international port operator to partner with on the development of the Port of the Americas, located in Ponce, on the southern coast of the island
The U.S. Coast Guard said it is responding to two sunken vessels in Mobile Ship Channel north of Gaillard Island, Tuesday. Coast Guard Sector Mobile watchstanders received a call from the crew of the towing vessel, Miss Sammy Lee, reporting the sinking of two vessels
Because communication on the water is serious business, David Clark Marine offers a number of system solutions tailored to meet specific needs. On board the City of Marco Island’s Firestorm 32 High Speed Aluminum Fireboat, made by MetalCraft Marine
The Naval Undersea Warfare Center (NUWC) Division Newport dedicated a new $24.9 million Virginia Payload Tube Facility (VPTF) with a ribbon cutting today, Wednesday, October 15. The ceremony was followed by an opportunity for businesses with an interest in the technology to tour the facility and
The public is advised to use extreme caution and prepare for the onset of heavy weather expected to generate extreme sea conditions, storm surge and high surf throughout the Main Hawaiian Islands prior to the arrival of Troppical Storm Ana.
Nearly 13,000 people inhabit the four-by-two-kilometer Linqiu Island located about 7.5 nautical miles southwest of the Donggang on the main island of Taiwan. Primarily fishermen, the island’s population is very dependent on the ferry service to get to the larger center on the main island.
Tropical Storm Ana strengthened into a hurricane on Friday and was moving in the direction of Hawaii but was not expected to make a direct hit on the islands, the U.S. National Hurricane Center said. It said Ana had maximum sustained winds of 75 miles per hour (120 kph) and was located