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K-SEA TRANSPORTATION

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. 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.


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)


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.


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

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(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


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


USCG Monitoring Barge adrift in Beaufort Sea

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  U.S. Coast Guard personnel and Canadian federal agencies, including the Canadian coast guard, Transport Canada and Environment Canada, are monitoring a 134-foot barge drifting in the Beaufort Sea after it broke free from its tow in Canadian waters during a severe storm Monday.


Iridium Partners with Trimble to Support Expansion

Iridium Communications Inc. announced an agreement with Trimble that expands the company's use of satellite communications in its core Transportation and Logistics (T&L) solutions beyond the North American market. Under the agreement, Iridium will provide satellite Machine-to-Machine (M2M)


WWII Wrecks Found 30 Miles off US Coast

The wreck of a World War Two German U-boat and a freighter that sank 72 years ago have been discovered off the North Carolina coast by U.S. researchers, officials said. The submarine, the U-576, and the Nicaraguan-flagged freighter Bluefields were found about 30 miles (48 km) off Cape Hatteras


FortisBC Starts Expansion of Tilbury LNG Facility

Expansion of Tilbury LNG Facility

  FortisBC – a subsidiary of Fortis Inc. has officially started construction of its $400 million Tilbury LNG Facility expansion project today. The company is adding 1.1 million gigajoules of liquefied natural gas (LNG) to storage and 34,000 gigajoules per day of liquefaction capacity


WWII Wrecks Found off North Carolina

The German U-576 departs Saint-Nazaire, France, on the Atlantic coast, circa 1940-1942. The submarine was sunk in 1942 by aircraft fire after attacking and sinking the Nicaraguan freighter Bluefields and two other ships off North Carolina. (Credit: With permission from Ed Caram)

German U-boat 576 and freighter Bluefields found within 240 yards A team of researchers led by NOAA’s Office of National Marine Sanctuaries have discovered two significant vessels from World War II’s Battle of the Atlantic. The German U-boat 576 and the freighter Bluefields were


USCG Reopens Port Allen Post Hurricane Ana

Port Allen Small Boat Harbor - Kauai

The Coast Guard Captain of the Port reopened Port Allen in Kauai Monday morning after surveying crews deemed it  safe for transit. The maritime public is advised to be vigilant when entering ports and harbors and to cooperate with the direction of the Coast Guard and local harbor masters


Bouchard Simulation Center Opens at SUNY Maritime

“You cannot be profitable in this industry unless you are safe. You cannot be safe unless you train,” said Morton S. Bouchard, III. (Photo: Greg Trauthwein)

SEPTEMBER 15, 2014, New York, NY – Today in New York Morton S. Bouchard, III and many local maritime dignitaries officially opened The Bouchard Transportation Co., Inc. Tug & Barge Simulation Center on the campus of the State University of New York (SUNY) Maritime College.  


SUNY Maritime Opens Bouchard Tug & Barge Simulation Center

The Bouchard Transportation Company, Inc. and the State University of New York Maritime College (SUNY Maritime) today held a ribbon-cutting ceremony to celebrate the official opening of the Bouchard Tug & Barge Simulation Center. The Bouchard Tug & Barge Simulation Center is a training


Newbuild Containership Enters CMA CGM Fleet

CMA CGM Elbe (Photo: CMA CGM)

The CMA CGM Group announced the maiden voyage of the CMA CGM Elbe on October, 14, 2014 in Dalian (China). The CMA CGM Elbe (9400 TEUs) is the second of a series of 28 vessels from 9,400 TEUs to 10,900 TEUs, vessels which will be delivered from now to the third quarter of 2016


FMC Recovers $503,000 in Penalties

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Chairman Mario Cordero announced that the Federal Maritime Commission has completed compromise agreements recovering a total of $503,000 in civil penalties. The agreements were reached with five non-vessel-operating common carriers (NVOCCs)


Sea Level Rise ‘Worst Case Scenario’

Surge picture from November 9, 2007 (Image courtesy of NOC)

A paper published this week in Environmental Research Letters by NOC scientist Dr. Svetlana Jevrejeva provides new information about the probability of a sea-level rise reaching of 180cm by 2100. In this study Dr. Jevrejeva and colleagues explore the range of possible sea level rise by 2100


Port, UNO Host 1st Annual Maritime Workforce Summit

A Containership passes the Port of New Orleans (courtesy Port of New Orleans)

Summit Set for October 8, 2014 at UNO’s Lindy Boggs International Conference Center from 8:30 a.m. until 12:30 p.m. With a focus on educating and engaging community stakeholders on maritime jobs opportunities, the Board of Commissioners of the Port of New Orleans and the University of New


Crowley Awards Scholarships to Cal Maritime Students

(Photo: Crowley)

Crowley Maritime Corporation last week presented four California Maritime Academy (Cal Maritime) students with Thomas B. Crowley Sr. Memorial scholarships during Containerization and Intermodal Institute’s Connie Awards dinner in Long Beach, Calif


Yamal LNG: Steel Cut for First Arctic Gas Carrier

Construction of an Arctic gas carrier for OAO Sovcomflot has begun under the survey of Russian Maritime Register of Shipping (RS).The ship is being built as part of Yamal LNG, a major Russian liquefied natural gas (LNG) project being implemented in the Arctic.


Austal Launches Trenton (JHSV 5)

Trenton (JHSV 5). Photo courtesy of Austal USA

Second Joint High Speed Vessel to be launched at Austal in 2014 On September 30, 2014, Austal USA successfully completed the launch process of Trenton (JHSV 5) - the second Joint High Speed Vessel (JHSV) launched by Austal in 2014. This 103-meter high-speed catamaran represents the U.S






 
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