U.S. Courts confirm Marco Polo Seatrade Chapter 11 protection and frees vessel. The New York Court supervising the reorganisation of Marco Polo Seatrade and its group affiliates has rejected the motions filed by the Royal Bank of Scotland and Credit Agricole seeking to dismiss the group's US Chapter 11 filings. Both lenders had asserted that Marco Polo Seatrade was not eligible for Chapter 11 protection and had indeed initiated its Chapter 11 case in bad faith. The court rejected all of the lenders' arguments. Antonio Zacchello, MD of Marco Polo Seatrade, says, "We are delighted that the court has confirmed that we acted in accordance with the law and in good faith in starting our Chapter 11 proceedings. We now look forward to developing the Chapter 11 reorganisation plan, preferably on a consensual basis with our lenders and creditors that will enable us to emerge from Chapter 11 as a strong and healthy competitor in the global shipping market." Marco Polo Seatrade has reached an agreement with Credit Agricole to release the 115,000 dwt aframax tanker Montiron from arrest and return it to operations. Credit Agricole’s arrest of the Montiron on July 21, 2011 was one of the precipitating factors for Marco Polo's Chapter 11 filing. Marco Polo Seatrade is confident that it can resume its day-to-day activity in the pool within the next few days. This consensually resolves the litigation begun by Marco Polo against Credit Agricole relating to the release
Marco Group International, a service and equipment provider for the surface preparation industry, has launched its redesigned Marco.us website. The focus of the website’s redesign was to simplify navigation and enhance functionality. The site includes a new, modern visual design, redefining the Marco brand. The site also includes expanded product information, including part number listings and schematic drawings, simplified navigation to get to information in two clicks or less
MARCO Shipyard Seattle has signed a contract to construct a third Millennium Class tractor tug for Harley Marine Services. Measuring 105 ft. (32 m), the multipurpose tug will be identical to its sisterships, Millennium Falcon and Millennium Star, delivered in February and August 2000, respectively. Construction of the tug is ongoing, with delivery planned for March 2002. Similar to its predecessors, the MARCO-designed tug will have an overall beam of 37 ft. (11
PacFish Shipyard acquired shipyard marine equipment at the MARCO Shipyard auction on the Lake Washington Ship Canal, including a Wheelabrator sandblast cabinet with 6-ft. rotary table, equipped with dust collector and re-useable shotblast for zero discharge to the environment. Big Bertha, MARCO’s classic 150-ton Denison hydraulic steel press, was one item that generated bidding action from a shipyard in Anacortes. Shipyard General Manager Doug Dixon was determined to keep Big Bertha on the
Kongsberg Maritime Ship Systems (KMSS) has been awarded the contract to upgrade the fire detection system on the M/V Marco Polo. The cruise vessel is owned by Norwegian Cruise Line/Orient Line in Miami, a part of Star Cruises. The contract includes 1500 Detectors, 800 ‘smart buzzers’ and the Autromaster 5000 Color Graphic Workstation. The Autromaster 5000 offers a color graphic indication, monitoring and control system that has been approved by the maritime authorities and classification
Marco Polo Seatrade and its affiliated companies have obtained final approval of their Plan of Liquidation from the New York Bankruptcy Court overseeing the Chapter 11 case. The plan was unanimously approved by all Marco Polo creditors, and the Court entered the final order at the confirmation hearing held today. Antonio Zacchello, managing director of Marco Polo Seatrade, says, “Our companies worked hard with the banks and our creditors to devise a Chapter 11 Reorganisation
El Paso Energy Partners, L.P. and Cal Dive International, Inc. announced that they have signed a letter of intent to form a 50-50 venture to construct, install, and own a deepwater production hub platform and associated facilities primarily for Anadarko Petroleum Corporation's Marco Polo field discovery at Green Canyon 608 in the Gulf of Mexico. The companies anticipate that the facilities will be completed and online in 2004.
From the left: Marco Fassone, Juventus Chief Sales & Marketing Officer; Nicola Legrottaglie, Juventus player; Jean-Claude Blanc, Juventus President & CEO; Pier Luigi Foschi, Costa Crociere Chairman & CEO, Claudio Ranieri, Juventus Manager, Gianni Onorato, Costa Crociere President.
Kvichak Marine Industries is currently constructing a run of approximately 30 rapid response oil skimmers fitted with Marco Pollution Control CL-1 Filterbelt oil recovery modules for customers responding to the Gulf oil spill. The Kvichak/Marco Filterbelt is suited for high volume recovery of the oil types encountered in this spill. Kvichak is expecting over 100 skimming vessels utilizing the Filterbelt to be in operation on this spill in the coming weeks
The 175,343 gt 'CMA CGM Marco Polo' owned by CMA CGM Group joins the UK ship register. The first in a series of three new 16,000 TEU container ships, for the CMA CGM group to serve on the Asia-Europe routes, the ship was built in Korea by Daewoo Shipbuilding & Marine Engineering Co Ltd, and is almost a quarter of a mile long. The new vessel is also designed with cutting edge technology for high levels of performance, safety and environmental protection
926 County Road 1350 N Carmi, IL 62821 Telephone: 618 382 2525 E-mail: email@example.com Website: http://elastec.com/ CEO/President: Donnie Wilson Number of Employees: 120 The Company: Elastec/American Marine manufactures and markets pollution control and oil spill response systems
The Maritime Alliance promotes the 6th Annual event Novemeber 12-13, 2014 at the McMillin Companies Event Center in San Diego, CA as a unique opportunity to understand trends, network with leaders from the public and private sector
Brazil will hold the 13th round of its oil rights auctions in the first half of next year, a senior mines and energy ministry official said on Monday. Marco Antonio Martins, the undersecretary in charge of the oil industry at the ministry
Technip was awarded by The Bahrain Petroleum Company (BAPCO) a significant (1) contract on a reimbursable basis to develop the Front-End Engineering Design (FEED) of the refinery located in the Kingdom of Bahrain. The FEED contract covers four main work packages that include units aimed
Terminal Pacífico Sur Valparaíso in Chile recently purchased three Ship-to-Shore container cranes (STS) from Irish based Liebherr Container Cranes Ltd. These cranes have an outreach of 62 m and a safe working load of 65 t under twin lift spreader
Bechtel says it announced the results of its research at the PIANC World Congress in San Francisco, confirming that in restricted waters, the wash from passing ships can exert large forces on moored vessels, mooring lines and fender loads, creating dangerous conditions.
A consortium formed by units of local builder Grana y Montero and Germany's Oiltanking won a 20-year contract for managing five fuel terminals in Peru, Grana y Montero said on Wednesday. The consortium will invest about $225 million in the project
The Korean Maritime University (KMU) and the Korean Marine Electronics Industry Promotion Association (MEIPA) received a one day technical seminar about Shipdex and the process of importing Shipdex data into SpecTec’s Computerized Maintenance Management System (CMMS), AMOS
MacGregor, part of Cargotec, has secured a contract with the Marco Polo Shipyard Pte Ltd with its facilities in Batam, Indonesia, to supply deck equipment for two 76m, 9,000kW anchor handling tug supply (AHTS) vessels with bollard pulls of 150 metric tons, to be constructed for Marco Polo Marine
The Crossover ball joint is a new dredge ball joint that provides optimal flow performance, its manufacturer VOSTA LMG said. Through computational fluid dynamics (CFD) the frictional losses and turbulence have been reduced. Conventional dredge ball joints act like a ball valve when tilted
Sound Oil, the Mediterranean focused upstream oil and gas company, announced the appointment with immediate effect of Marco Fumagalli as a Non Executive Director of the Company following the institutional investment announced on 25 April 2014.
CMA CGM Group is now offering genuine cruises aboard its biggest vessels, the new 16,020 TEUs containerships, such as the CMA CGM MARCO POLO or the CMA CGM ALEXANDER VON HUMBOLDT. These giants of the seas (365 meters long, which is equivalent to more than 4 soccer fields)
Last week, the Transportation Security Administration began nationwide implementation of a program that reforms the burdensome process by which mariners and other transportation workers receive required Transportation Worker Identification Credentials (TWIC)
469 NW Bowdoin Place Seattle, WA 98107 Telephone: 206 545 8485 E-mail: firstname.lastname@example.org Website: www.kvichak.com CEO/President: Keith Whittemore Number of Employees: 155 The Company: Kvichak Marine Industries Inc. responds quickly to new customer requirements
VOSTA LMG has been awarded an order for efficient dredge ball joints from maritime services company Royal Boskalis Westminster. The order consists of a series of high pressure Crossover ball joints suitable for dredge pipes with an internal diameter of 1000 mm