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LONE STAR INDUSTRIES

Horizon Offshore Reports Barge Incident

Horizon Offshore said today that one of its vessels, the lay barge Lone Star Horizon, suffered moderate damage due to a fire while at anchor off Ciudad Del Carmen, Mexico. The vessel crew was evacuated and no injuries requiring medical treatment were reported. The Lone Star Horizon had recently completed the KIX pipeline project for PEMEX, and was preparing for demobilization to the U.S. Gulf of Mexico. The fire, which was limited to the generator control room, occurred at about 3:00 p.m. on September 20, 2002, and was extinguished by about 6:00 p.m. Horizon does not anticipate any interruption in its current work program, as it will be able to utilize other vessels in its fleet to substitute for the Lone Star in the short term, with the Lone Star returning to service as soon as repairs are completed.


Lone Star Tow Operations Underway Near Dillingham, Alaska

The mast of the fishing vessel Lone Star juts from the water of the Igushik River near Dillingham, Alaska, as salvage crews work to recover the vessel Sept. 21, 2013. The Lone Star overturned and sank in 18 feet of water June 30. (U.S. Coast Guard photo by Lt. Daniel Peters)

Salvage crews began tow operations for the fishing vessel Lone Star near Dillingham, Wednesday, the U.S. Coast Guard reported today. The crew of the tug Double Eagle, with assistance from the crew of the support vessel Western Viking, will tow the Lone Star to Dutch Harbor where its owner will determine whether or not to scrap the vessel. “The removal of the Lone Star has been a long process, and we appreciate the work and support of the salvage crew and our agency partners


Exxon Awards Horizon Offshore Contract

Horizon Offshore Contractors, Inc. has been awarded a contract for the installation of a portion of Exxon Pipeline Company's Hoover Offshore Oil Pipeline System (HOOPS). The 20-in. pipeline project includes a directionally drilled shore approach near Freeport, Texas, and pipelay to a depth of 35 ft. and the burial of approximately 67 miles of pipeline. The project will utilize three of Horizon's vessels. Cajun Horizon will be used for offshore directional drilling support


Houston Pilots Association To Christen M/V Bayou City

The Houston Pilots Association will christen the pilot boat M/V Bayou City at noon on Tuesday, Oct. 12, at the Port of Houston Authority's Sam Houston Pavilion located at 7300 Clinton Drive. Annette Edmonds will officially christen the vessel during a ceremony that will be attended by more than 200 invited guests, including PHA Chairman Jim Edmonds, Vice Chairman Kase Lawal, Commissioner Steve Phelps, Commissioner Jim Fonteno, Commissioner Jimmy Burke, Commissioner Cheryl Thompson-Draper,


Sea Star Names New President

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Veteran in Puerto Rico trade accepts top leadership role for Sea Star Line.   Industry veteran, Peter Keller has been named president of Sea Star Line. Keller served Sea Star Line as a consultant and key advisor during the recent restructuring of the company. His extensive experience in the Liner industry, intermodal operations and supply chain economics and strategies, coupled with over 40 years associated with the Puerto Rican trade, made him a natural choice to lead the organization


Star Bulk Acquires Bulk Carrier

Star Bulk Carriers Corp. has entered into a definitive agreement to acquire a Capesize bulk carrier of approx. 180,000 dwt, built in 1991 in Japan, for approximately $83.7 million from Japanese interests. The vessel will be financed through a combination of company cash and bank debt. The vessel to be renamed the M/V Star Sigma, is scheduled to be delivered to Star Bulk within April/May 2008. It comes with a one-year time charter back to its present owners which will commence on the day of


Star Bulk Carriers to Buy Oceanbulk

52,434 dwt supramax bulk carrier Star Delta (Photo courtesy of Star Bulk Carriers)

Star Bulk Carriers Corp said it would buy Oceanbulk Shipping LLC and Oceanbulk Carriers LLC in an all-stock deal to create the largest U.S.-listed dry bulk shipper. Star Bulk is issuing 54.104 million new shares to buy the Oceanbulk companies, valuing the deal at about $653 million based on Star Bulk's Friday close of $12.07. The deal comes as the global dry bulk shipping industry is poised to recover from a severe downturn


MISC Unit Buys 4 Tankers

MISC Bhd said its wholly-owned unit, AET Inc Ltd, signed a contract with Samsung Heavy Industries for the purchase of four new 158,500-dwt Suezmax tankers at a cost of $67.8m each, according to a report in the Malaysia Star.  The Suezmax tankers, to be built at Samsung Geoje shipyard, will become AET’s first owned Suezmax class vessels. (SOURCE: Malaysia Star)


U.S. DOJ: Guilty Plea in Price Fixing Case

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Florida-Based Sea Star Line LLC Agrees to Plead Guilty and Its Former President Is Indicted for Price Fixing on Coastal Freight Services Between the Continental United States and Puerto Rico Sea Star Line Also Agrees to Pay $14.2 Million Criminal Fine. Sea Star Line LLC has agreed today to plead guilty and to pay a $14.2 million criminal fine for its role in a conspiracy to fix prices in the coastal water freight transportation industry, the Department of Justice announced


ABS Nautical Systems Expands to Specialty Cruise Market

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ABS Nautical Systems today announced that they have been selected as the asset management software provider for Star Clippers, based in Monaco. Star Clippers is one of the premier specialty cruise lines and the only modern-day cruise line dedicated to re-creating the golden age of tall sailing ships with a “mega-yacht” experience.    Operating three of the largest and full-rigged sailing ships in the world, Star Clippers will implement the Maintenance & Repair


CEO Lone: China, India to Dominate Oil Trade

Harald Lone, Chairman and CEO of Newport Shipping Group

China and India will account for about 35% of global oil trade in the next 10 to 15 years, according to predictions by  Harald Lone, Chairman and CEO of Newport Shipping Group. Many traditional global shipbuilding patterns are in flux with the proliferation of oil and gas coming from the U.S


OW Bunker to Meet Liquidator; Ship Arrests Continue

OW Bunker owes financers more than $750 million-creditor data; six more vessels arrested; 7 in total. The Singapore arm of bankrupt Danish shipping fuel trader OW Bunker will meet with its liquidator KPMG in early December to discuss the firm's outstanding debt, which totals almost $1


Sheikh Ahmed receives “Maritime Visionary Award”

HH Sheikh Ahmad bin Saeed Al Maktoum receiving The Maritime Standard Special “Maritime Visionary Award”

  HH Sheikh Ahmad bin Saeed Al Maktoum received The Maritime Standard Special “Maritime Visionary Award” in recognition of his exceptional foresight in supporting and revitalizing the UAE’s maritime sector in his role as Chairman of Dubai World.


Cruise Newbuilds Feature Seawater Lubrication

Thordon COMPAC seawater lubricated propeller shaft bearings fitted to bronze carriers

The Viking Star, a47, 800GTcruise ship, is one of three Viking Ocean Cruises’ newbuilds to opt for Thordon COMPAC seawater lubricated propeller shaft bearings. Constructed at Fincantieri’s Marghera shipyard, the 944-passenger Viking Star is the first of three new ships equipped with


Freight Rate Peak Forecasted for 2016

Newport Shipping Group Chairman Harald Lone said, “Synchronized world economic growth is going to initiate higher demand for dry bulk carriers.”

The supply/demand imbalance that drove dry bulk markets down to 2009 levels during the first half of the year is set for adjustment, with Newport Shipping Group predicting an improved tonnage balance over the next couple of years, resulting in a freight rate peak in the 2016/2017 period.


LNGL Extends Gladstone Lease

	 Mr Fletcher Maurice Brand

Highlights * Gladstone Ports Corporation has extended LNGL’s Fisherman’s Landing LNG Project (FLLNG) site Agreement for Lease until 31 March 2016, with an option for another year * LNGL has signed a non-binding memorandum of intent (MOI) for gas supply with Tri-Star Petroleum


Aquarius MAS with Marine Solar Power Installed on Delos

Aquarius MAS CPUAGU being installed on Delos

 Eco Marine Power together with strategic partners has installed an Aquarius Management & Automation System (MAS) integrated with a marine solar panel array on-board the Blue Star 'Delos'. The Aquarius MAS has been installed as part of a joint renewable energy project with Blue Star


Quantum of the Seas Delivered to Royal Caribbean

Quantum of the Seas (Photo: Royal Caribbean International)

Royal Caribbean International took delivery today of the newest addition to the cruise line’s fleet, Quantum of the Seas, from Meyer Werft Yard, at an official signing ceremony in Bremerhaven, Germany attended by Royal Caribbean Cruises Ltd.’s Chairman and CEO Richard D


BigLift Shipping Christens New Flagship

Happy Star (Photo: BigLift Shipping)

BigLift Shipping today celebrated the naming of its new heavy lift vessel, Happy Star, at a ceremony held at Huisman China’s yard in Xiamenand. The christening was performed by Leanda Breakell, spouse of Greg Breakell, Managing Director of ThyssenKrupp Industrial Solutions (Australia) Pty Ltd


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)


5-Star Accreditation for Naval Station Yorktown Galley

Chief petty officers serve lunch to Sailors and Marines at Scudder Hall Galley at Naval Weapons Station Yorktown in celebration of the anniversary of the chief petty officer rank. Scudder Hall galley received their sixth 5-

  Scudder Hall Galley at Naval Weapons Station Yorktown (WPNSTA Yorktown) was awarded its sixth consecutive 5-Star accreditation, Oct. 2, from Commander, Navy Region Mid-Atlantic (CNRMA). The 5-Star accreditation for food service excellence is based on the review team's on-site


Star Bulk Collects $8.016m From Sale of Its Claim Against Pan Ocean

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Star Bulk Carriers Corp. (NASDAQ: SBLK) announced that following the settlement and adjudication of the company's subsidiary Star Borealis LLC claim for damages and due hire related to the repudiation of the long-term time charter of the M/V Star Borealis by charterer Pan Ocean  Co Ltd


TOTE Finalizes Charter for LNG Containerships

World’s first LNG powered containerships to serve Puerto Rico TOTE, Inc. announced an agreement today between its operating companies TOTE Shipholdings Inc. and Sea Star Line LLC on the charter of the two new Marlin Class vessels being built by TOTE Shipholdings at NASSCO in San Diego


Jaccar Holdings & Hartmann form JV

The new ethane carrier design

  Jaccar Holdings of Luxemburg and Hartmann Group of Leer, Germany, announce the establishment of a joint venture for the commercial management of ethane carriers. The new company, “United Ethane Carriers” or UEC, will be based in Singapore


2 Cruise Season Records at Lerwick Harbor

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  The arrival of the cruise ship Norwegian Star at Lerwick Harbour today (Thursday 25 September) marks the end of the Shetland port's best season yet, with two records achieved. Passenger numbers reached a new high at 43,056, topping the previous record of 37,572 in 2012






 
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