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K-SEA TRANSPORTATION

Aker Yards to Build PSV for Island Offshore

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.


IOS To Purchase of Platform Supply Vessel

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


K-Sea Completes Acquisition of Smith Maritime and Sirius Maritime

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


Vessels: K-Sea Acquires ITB Unit

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


Seoul Shares Gain on Shipyards, Financials

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)


Konsberg Subsea Application Seminars Start Tomorrow

Photo: Kongsberg

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 Acquires Integrated Tug Barge Unit

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


Moody's Affirms K-Sea Ratings

Moody's Investors Service said it has affirmed K-Sea Transportation Partners LP's non-investment grade debt ratings, which were under review for possible downgrade after a $205 million acquisition, according to a report on http://money.cnn.com. K-Sea shares jumped $2.10, or 5.9 percent, to $37.58 in afternoon trading. The stock has traded between $33.90 and $48.50 during the past 52 weeks. Moody's affirmed K-Sea's "B1" corporate family rating and "SGL-3" speculative grade liquidity rating


America's Marine Highways Grants Proposed

The Senate Commerce, Science, and Transportation Committee approved legislation sponsored by Sen. Frank R. Lautenberg (D-NJ) to reduce congestion on the nation’s roads by encouraging freight to be carried by ships.  The measure would create a grant program for America’s Marine Highways to encourage shipping by sea or inland waterway and establish a new program to modernize port facilities to make efficiently transport freight


K-Sea Achieves ABS HSQE Certification

ABS.jpg

(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


U.S. Maritime Advisory Panel Names 10 New Members

Official portrait of Secretary of Transportation Anthony Foxx.

U.S. Transportation Secretary Anthony Foxx today announced the appointment of 10 new members to the Marine Transportation System National Advisory Council (MTSNAC). Established in 2010, MTSNAC is comprised of leaders from commercial transportation firms, trade associations


Saltchuk to Acquire Tropical Shipping

A subsidiary of Saltchuk Resources, one of the nation’s leading transportation and petroleum distribution companies, has entered into a binding purchase & sale agreement to acquire Tropical Shipping and its related companies.           


Saltchuk Acquires Tropical Shipping

Photo: Tropical Shipping

A subsidiary of Saltchuk Resources, a transportation and petroleum distribution company, has entered into a binding purchase and sale agreement to acquire Tropical Shipping and its related companies. The acquisition includes the premier shipping and logistics company for the Bahamas and


Sea Star Line Vessel Used in Training Exercise

Photo: Sea Star Line

On April 2, 2014, Sea Star Line’s vessel El Faro and its employees participated in a joint training exercise at North Florida shipyards. The training exercise focused on evaluating agency procedures, communication plans and training programs to assure all agencies can respond in the most


Lack of Ice-Breakers Delays Great Lakes Shipping

CSA Logo.jpg

With the Great Lakes and St. Lawrence Seaway facing the thickest and broadest ice cover in years, the Canadian Shipowners Association (CSA) is extremely concerned that Canada's ice-breakers will not be able to create and maintain the routes needed to move key cargo to Canadian and American


MLV Forms Marine Shipping Research Team, Names Leader

Independent full service investment bank & institutional broker dealer, MLV & Co inform that Natasha Boyden has joined the firm to captain the launch of a new research vertical focused on Marine Transportation and Shipping.  She will work out of the New York office.


FMC Commissioner Doyle Gives Qualified Thumbs Up to P3 Network

Official photo of the Commissioner

"I am in favor of not taking any further action to delay the implementation of the P3 Network Vessel Sharing Agreement," announced FMC Commissioner William P. Doyle. (The P3 Network Alliance consists of container shipping  companies A.P


State leaders christen first Olympic-class ferry at Vigor

Vigor Ferry web.jpg

State elected, transportation and manufacturing leaders were on hand today to celebrate the christening of the state’s first 144-car Olympic Class ferry, the M/V Tokitae, at Vigor Industrial’s shipyard in Seattle. Lynn Peterson, Washington’s Secretary of Transportation


Capacci Named Washington Ferries Chief

State Transportation Secretary Lynn Peterson today named Capt. George A. Capacci interim assistant secretary in charge of the Ferries Division for the Washington State Department of Transportation. Capacci will lead the ferry system until a permanent assistant secretary is selected


Second National Maritime Strategy Symposium

marad logo.png

The Maritime Administration (MARAD) will publish a Federal Register Notice on March 24, 2014 inviting the public and Marine Transportation System stakeholders to participate in the agency’s second symposium intended to develop a robust national maritime strategy.  


Important China Dual-Fuel Diesel Engine Order for Wärtsilä

RT Flex 50DF Engine: Image courtesy of Wärtsilä

Wärtsilä inform that its new  low-pressure, 2-stroke, dual-fuel engine (DF), the 5-cylinder Wärtsilä RT-flex50DF engine, together with the gas valve unit and other relevant equipment, has been ordered for a new liquefied natural gas (LNG) carrier vessel being built for the


Today in U.S. Naval History: April 2

USS Glacier (© Richard Leonhardt)

Today in U.S. Naval History - April 2 1781 - Frigate Alliance captures two British privateers, Mars and Minerva 1827 - First Naval Hospital construction begun at Portsmouth, Va. 1947 - UN places former Japanese mandated islands under U.S. trusteeship


Infrastructure Investments Strengthen Soybean Supply Chain

ISA efforts to open soybean markets through improved transportation infrastructure span overseas, including a recent trade mission to Southeast Asia that focused on exporting more Illinois soybeans in containers.  Photo by Scott Sigman.

Transportation plays a crucial role in the soybean supply chain. With access to multiple transportation modes, Illinois soybean farmers enjoy significant advantages for reaching domestic and global markets. But aging transportation infrastructure can increase costs for Illinois farmers.


New Marine Diesel Engine Fuel Patented by College Pair

Dr. Richard Kimball: Photo METEL

Maine Maritime Academy (MMA) apprises that faculty member, Dr. George Harakas, has co-authored a patent with colleague and business partner, Scott Eaton, for glycerol-containing fuel aimed at reducing emissions in large diesel engines. 


New Low-emissions Fuel Patented

Maine Maritime Academy faculty member, Dr. George Harakas, has coauthored a patent with colleague and business partner, Scott Eaton, for glycerol-containing fuel aimed at reducing emissions in large diesel engines. The two are members of the SeaChange Group LLC a private company formed in 2009 to


 
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