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
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
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
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
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.
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
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
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
The Coast Guard has suspended the search for a crabber reported overdue near Anacortes, Wednesday. Dean Harvey, 48, of Bremerton, remains missing. Search crews spent 24 hours completing a total of 24 searches that covered a 909 square mile area with no signs of Harvey.
The CMA CGM Group has acquired the German shipping company Oldenburg-Portugiesische Dampfschiffs-Rhederei GmbH & Co. KG (OPDR), CMA CGM founder, chairman and CEO Jacques R. Saadé announced during his visit in Hamburg, Germany on November 25
Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Guam/Commonwealth of the Northern Marianas Islands (CNMI) and Micronesia services by $225 for both westbound and eastbound containers, effective January 25, 2015
Vietnam on Tuesday showed off its two most powerful warships in the first-ever port call to the Philippines but an official said it was not trying to challenge China's superior naval forces amid tension in the South China Sea. Hanoi invited the diplomatic community to its Russian-built
Greece has sent a frigate to rescue a container ship believed to carrying hundreds of undocumented migrants and in distress off its southern island of Crete, the Greek coastguard said on Tuesday. The Kiribati-flagged vessel, with about 700 people aboard
China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South China Sea that could be large enough to accommodate an airstrip. China lays claim to almost all of the entire South China Sea
A Coast Guard aircrew medically evacuated an 80-year-old man off Beaver Island in Lake Michigan Sunday night. The man’s name is not being released. At 5:40 p.m., emergency medical personnel on Beaver Island contacted a search and rescue coordinator at the Coast Guard Ninth
Everett Community College’s Ocean Research College Academy (ORCA) will launch its new research vesel on November 22 with a celebration at 11 a.m. at the Port of Everett. The dedication of the Phocoena (the scientific name for harbor porpoise
Satellite images show China is building an island on a reef in the disputed Spratly Islands large enough to accommodate what could be its first offshore airstrip in the South China Sea, a leading defense publication said on Friday. The construction has stoked concern that China may be
A Greenpeace ship was detained by Spanish authorities today in the port of Arrecife, Lanzarote, following last Saturday's protest against Repsol’s potential oil drilling in the Canary Islands. Spain’s Ministry of Public Works and Transportation (Ministerio de Fomento) has detained
Officials for Italy's Tuscany region and the island of Giglio said on Monday they would seek a total of 220 million euros ($274 million) in damages from Costa Cruises, a unit of Carnival Corp, for the 2012 Concordia cruise liner disaster.
The U.S. Department of Energy gave two final approvals on Friday to Freeport LNG Development LP to export liquefied natural gas, or LNG, from its project in Texas to any country. The planned project in Quintana Island, Texas, would have the capacity to export up to 1
New York Harbor Tug Boat Captains and Crews, Staten Island Ferry Workers, Circle Line and Other Tourist Boat Crews Vote to Join New Union. New York-area watermen who operate tugboats, dredges, tourist boats and ferries, members of Staten Island-based Local 333
Seaspan Corporation announced today that it accepted delivery of a 10000 TEU containership, the MOL Breeze. The new containership, which was constructed at Jiangsu New Yangzi Shipbuilding Co., Ltd., is Seaspan's sixth 10000 TEU SAVER design containership delivered in 2014
The Board of Directors of Swissco Holdings Limited has entered into a joint venture with Union Offshore Ltd, a company incorporated in the Republic of the Marshall Islands. The joint venture has secured a charter contract with an approximate value of up to US$115 million to provide an