P/R International Offshore Services ANS (IOS), which is a 50/50 joint venture between Farstad Shipping ASA and P & O Australia has entered into an agreement to purchase a platform supply vessel, design UT 755L, from Consensus Foss KS (Det Nordenfjeldske Dampskipsselskap). The vessel is under construction at Aker Brattvaag. IOS will formally take over the vessel immediately after delivery from the yard in December 2002. After the delivery of the above vessel IOS will operate a fleet of 17 vessels and have three vessels on order for delivery in 2003.
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.
According to a report from Reuters, Seoul shares edged up in volatile trade on March 8 lifted by shipbuilders and financials, but memory chip manufacturers like Samsung Electronics (005930.KS) and steelmakers underperformed. (Source: Reuters)
The first of five specialist subsea application seminars organized by Kongsberg Maritime’s subsea department starts February 28, 2013 in Copenhagen, Denmark. The free one-day seminars have been developed to enable users of Kongsberg Maritime hydroacoustic systems to speak with the experts and learn how to get the most from these state-of-the art tools. Kongsberg Maritime invites existing customers and those interested in utilizing its survey
K-Sea Transportation Partners has acquired the 140,000 barrel capacity double-hulled barge S/R New York and the 8,000 horsepower tugboat S/R Everett. This integrated tug barge unit, built in 2000, had been leased by SeaRiver Maritime, Inc., a subsidiary of Exxon Mobil Corporation, from a financial institution. The purchase price of $34 million was financed using available cash and $25 million in borrowings under a new term loan
K-Sea Transportation Partners L.P. has completed the acquisition of Smith Maritime, Ltd. of Honolulu, Hawaii and Sirius Maritime, LLC of Seattle, Wash. President and CEO Timothy J. Casey said: “We are very excited about welcoming the Smith and Sirius operating teams to K-Sea. This acquisition immediately increases our barrel-carrying capacity by 770,000 barrels, or 22% of our capacity of 3.5 million barrels at June 30, 2007
Hercules Offshore executes a definitive agreement to acquire the liftboat 'Titan 2' from a subsidiary of KS Energy Ltd. The purchase price is $42 million in cash. The Titan 2 is a 280 foot class vessel, constructed in 2008, registered and flagged in Panama, and currently located in Limbe, Cameroon. The Company expects the acquisition to close in early March 2013, subject to completion of certain customary closing conditions.
(East Brunswick, NJ) K-Sea Transportation Partners L.P. announced today that it has successfully completed the ABS HSQE certification process for all of its locations and operating divisions. K-Sea is the first U.S. flag tug and barge operator to achieve ABS HSQE certification, according to ABS. The company's management system meets the standards of the ISM Code, ISO 9001, ISO 14001 and OHSAS 18001. In addition, K-Sea continues to maintain its AWO Responsible Carrier Program certification
K-Sea Transportation Partners L.P. has acquired the 140,000 barrel capacity double-hulled barge S/R New York and the 8,000 horsepower tugboat S/R Everett. This integrated tug barge unit, built in 2000, had been leased by SeaRiver Maritime, Inc., a subsidiary of Exxon Mobil Corporation, from a financial institution. The purchase price of $34 million was financed using available cash and $25 million in borrowings under a new term loan
The FAST '99 Conference is scheduled to be held at the new Bell Harbor International Conference Center located on Pier 66 in the heart of Elliott Bay in Seattle, from August 31 to September 2, 1999, bringing together owners, builders, designers, suppliers, service providers, and policy makers from around the world to Seattle. The purpose of the FAST '99 Conference is to foster dialogue among the many different communities involved in the design
The U.S. Merchant Marine Academy (USMMA) graduated 201 new maritime leaders as part of its Class of 2013 commencement ceremony. The keynote speaker, General William M. Fraser III, Commander, U.S. Transportation Command (USTRANSCOM), gave the commencement address before a crowd of more than 2
Philippine navy divers battled strong ocean currents in a desperate hunt for seven missing passengers of a ferry that sank with dozens on board. The Lady of Mount Carmel ferry mysteriously went down in calm weather on Friday about 1.2 miles from central Burias island
GAO finds it is broken, and now the question is; can it be fixed? Recently, the U.S. Government Accountability Office (GAO) issued a scathing report on the Transportation Worker Identification Credential (TWIC) electronic reader pilot test and on the TWIC program in general
Lloyd’s Register has announced the appointment of Chris Finlayson, Chief Executive of BG Group plc, and Ellis Armstrong, ex-CFO of E&P at BP plc, as Non-executive Directors on the board of Lloyd’s Register Group Ltd. Lloyd’s Register Group Ltd (LR) is the wholly-owned
Oil Spill Response Limited (OSRL), the global oil spill response cooperative funded by more than 160 environmentally responsible oil and energy companies, announces the opening of a new base with enhanced response capabilities at Loyang in Singapore.
China's Ministry of Transportation reports that the country spent US$2.3 billion on the waterways during the period January to April 2013. This investment by the government shows an increase of 21.2 per cent over the same period in 2012. River transportation enjoys lower shipping rates
E-Navigation has been a hot topic in the maritime industry for some time, and it is likely that it will continue to be into the future. But for many in the industry, the subject remains an abstraction that everybody is talking about but few can properly explain.
Transas Marine Pacific and its local representative in Indonesia have been awarded new contracts from the Government Department of Sea Transportation to supply and install Vessel Traffic Management Systems for Samarinda and Banjarmasin ports
The United Seamen's Service (USS) 2013 Admiral of the Ocean Sea Awards (AOTOS) will be presented to Philip W. J. Fisher, President of Chas. Kurz & Co; U. S. Representative Peter King, Republican of New York; and Emanuel Rouvelas, maritime attorney and partner at K & L Gates.
The Harbor Commissioner's Fiscal 2013-14 Budget Includes $399.9-million capital expenditure to improve cargo flow and dfficiency. The Los Angeles Harbor Commission has adopted a 2013-14 fiscal year (FY) budget of approximately $1.1 billion for the Port of Los Angeles
Horizon Lines, Inc. has announced that William A. Hamlin has been named Executive Vice President and Chief Operating Officer. In his new role, Mr. Hamlin will continue to report to Sam Woodward, President and Chief Executive Officer. Mr
Ulstein Group announced that it will donate approximately $3.4 million to Norwegian Sea Rescue (Redningsselskapet) to fund 60% of the cost of a high-speed search and rescue (SAR) boat. The 20- meter SAR craft - to be delivered in 2015 - will be named RS Idar Ulstein in memory of
Has the Panama Canal expansion already outgrown itself? How does the success or failure of the administration's export initiative impact your bottom line? Breakbulk is flourishing; what does that mean to your business? These questions and other hot topics will be the focal point of the
Lloyd’s Register’s BoxMax service, and accompanying notations, aims to enable operators to load more cargo more flexiblyvby increasing and optimizing container stack weights, taking into account voyage (V) and weather (W) specific conditions.
Carlile Transportation Systems, one of the largest trucking and logistics companies in Alaska, has been acquired by Saltchuk Resources, a Seattle-based family of diversified transportation and petroleum distribution companies. “Our relationship with Saltchuk is 20 years long