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K-SEA TRANSPORTATION

Karl Senner Inks Distribution Deal with Electronic Power Design

KS EPD.jpg

Karl Senner, LLC (KS) has reached a new strategic representation agreement with Electronic Power Design (EPD). Karl Senner, LLC now represents EPD in the United States marine and offshore Markets. The distribution agreement will allow KS to offer electrical automation, hybrid solutions and power management.  


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


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.


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


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


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


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


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


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


FMC Commissioners Meet with China Transport Officials

Wang Jianmin, Vice President of the Shanghai Shipping Exchange and Commissioner Richard A. Lidinsky, Jr.

Federal Maritime Commissioners Richard A. Lidinsky, Jr. and William P. Doyle met with transportation officials from China on January 14, 2015 in Washington, D.C. Members of the delegation included Professor Yu Shicheng, Chairman of the Shanghai Maritime University Council and Director of the


Captains' Union Blasts McCain’s Keystone Amendment

International Organization of Masters, Mates & Pilots Asks: If Keystone is a “Jobs Bill” Why Would Congress Want to Send 400,000 Maritime Jobs in 26 States Overseas?    S.1, the Keystone XL Pipeline Act, has been described as a “jobs bill” by the


Tankers Booked to Store Oil at Sea

Oil traders have booked up to 20 tankers to store an estimated 40 million barrels of crude at sea, rising from 25 million barrels last week, as they soak up a stocks glut in anticipation of future profits, shipping and oil market sources said.  


Innovative Financing Increases Infrastructure Unvestment

Photo: U.S. Dept. of Transportation

Last July, President Obama announced the Build America Investment Initiative, an Administration-wide effort aimed at boosting private investment in our nation’s infrastructure. And Friday, Vice President Biden announced new steps that federal agencies are taking to bring private sector


OMSA Opposes McCain Amendment

Ben Billings (Photo: OMSA)

The Offshore Marine Service Association (OMSA) issued a statement regarding Senator John McCain’s proposal allowing foreign-built vessels to take over marine transportation in the United States, stating the amendment would gut U.S. shipbuilding while outsourcing jobs and security.  


Alaska Marine Lines Lowers Fuel Surcharge

Alaska Marine Lines has filed with the Surface Transportation Board to decrease the fuel surcharge from 31% to 29% on shipments to, from and within Central Alaska and Prince William Sound locations. The line has also filed to decrease the fuel surcharge from 14% to 7% on shipments to


Great Ships of 2014: Höegh Jacksonville

H.4401 WEB.jpg

Höegh Jacksonville was delivered by Daewoo-Mangalia Heavy Industries S.A. (DMHI), the first from a series of two 6,500 units Pure Car Truck Carrier (PCTC). This vessel is owned by Ocean Yield from Norway while the charterer is Höegh Autoliners AS


Tankers to Store 25m Barrels of Oil At Sea

Image:Trafigura

Oil traders have booked at least 12 tankers to store 25 million barrels of crude at sea in a further sign of a build-up in global stocks, reports Reuters.   To take advantage of the crash in crude prices and make a profit down the line


Turkey, Azerbaijan to Form JV on Maritime Transportation

Minister of Transport, Shipping and Communications of Turkey, Elvan Lutfi

Turkish proposal to establish a joint venture with Azerbaijan for streamlining and improving maritime transport on the Caspian Sea is under active consideration, says the Minister of Transport, Shipping and Communications of Turkey, Elvan Lutfi.


Tanker Oil Spills Notches New 5-year Low

ITOPF Graph

A new five-year low in oil spills from tank­ers reported by the International Tanker Owners Pollution Federation (ITOPF), as the average for 2010-2014 falls to 1.8 large spills per year.   During the year, ITOPF recorded 1 large spill of bitumen (over 3


Stena Germanica to Run on Methanol

Stena Germanica (Photo courtesy of Stena Line)

The Stena Line's ferry Stena Germanica will become the world's first ferry to use methanol as a fuel.  The 240m, 1,500-passenger, 2001-built ro-pax ship will soon undergo conversions in Poland’s Remontowa shipyard.  The aim of the exercise is to drastically cut exhaust emissions


Indonesian Ships Retrieves AirAsia Black Box

 Indonesia's Directorate General of Marine Transport says the black box of the doomed AirAsia flight QZ 8501 has been found.    A team of Indonesian navy divers on Monday retrieved one of the two black boxes from an AirAsia plane that crashed in the Java Sea two weeks ago


Canada’s Ferry Industry Sets Course for Success

A Canadian Ferry underway in light ice conditions. (Courtesy of CFOA)

Our country’s past and its future are fundamentally linked to the transportation of people, vehicles and goods over our lakes, rivers and sea.   Ferries have always been an integral part of Canada’s transportation infrastructure


Matson Raises Fourth Quarter Outlook

Photo: Matson

Matson reports higher than expected 4Q14 ocean transportation operating income; preliminary full year 2015 outlook expected to be flat to modestly higher than 2014 levels    Matson, Inc. said it holds a higher operating income outlook for the fourth quarter 2014


Divers Continue Hunt for AirAsia Black Boxes

Indonesian search and rescue teams plan to start lifting the crashed AirAsia jet's tail off the sea bed on Friday, officials said, raising hopes that "black box" recorders can be retrieved to reveal the cause of the disaster.  






 
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