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Court Confirms Marco Polo Seatrade Chapter 11 Protection

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 Launches New Website

Photo: Macro

Marco Group International, a service and equipment provider for the surface preparation industry, has launched its redesigned 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

PacFish Acquires Equipment from MARCO Auction

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

Marco Polo Seatrade Exits Chapter 11

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

MARCO Shipyard To Construct Third Millennium Class Tractor Tug

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

Damen Performs Cruise Ship Maintenance

Photo: Damen

Astor and Marco Polo receive refurbishment and class survey work   Damen Shiprepair & Conversion has recently carried out a number of cruise ship repair and refurbishment projects in the Netherlands, including Astor and Marco Polo, both operated by Cruise & Maritime Voyages. The vessels have been at Damen Shiprepair Vlissingen (DSV) for a wide-ranging program of scheduled and unscheduled work. Damen carried out its scope within a tight timeframe so that both ships were ready for

KMSS To Upgrade System on M/V Marco Polo

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

Kvichak Constructs Skimmers for Gulf Spill

Photo courtesy Kvichak Marine

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

World's Largest Container Ship Flies Red Ensign

CMA CGM Marco Polo: Photo credit UK MCA

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

Juventus Set to Embark in Asia with the Support of Costa Cruises


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.    

Neelsen to Succeed Ahlers as Buss Port Logistics CEO

Marco Neelsen (Copyright: Buss Port Logistics)

Press release - On October 1, Marco Neelsen will assume Heinrich Ahlers' position as Chief Executive Officer (CEO) at Buss Port Logistics (BPL). Ahlers will stay with Buss Group until at least the end of 2016. Neelsen is a trained navigational officer

British Maritime Industry Eyes China’s One Belt, One Road Plan


 China’s 21st Century Maritime Silk Road and Economic Belt development vision has takers in UK maritime sector, reports Xinhua News Agency.   Both countries expected to improve bilateral maritime cooperation in the "Belt and Road" initiative

Brazil to Hold New Subsalt Oil Auction by 2017

The Brazilian government plans to hold a new oil bidding round for areas in the subsalt polygon by 2017, the secretary of oil and gas at the Mines and Energy Ministry, Marco Antonio Almeida, said on Monday.   Almeida denied during a presentation in Rio that the current corruption scandal

Contship Italia Signs Iran MoU

MOU between Contship and the largest Iranian port operato

  Contship Italia Spa, also on behalf of Eurogate GmbH & Co. KGaA, KG, recently signed a strategic Memorandum of Understanding (M.O.U.) with Sina Port & Marine Company (SPMCO), part of SINA Group which is one of the largest Iranian companies

The Ever-Evolving Rapid Response Skimmer

Navy Wide Skimmer 2.jpg

Kvichak’s Rapid Response Skimmers (RRS) are perhaps best known for their use by the U.S. Navy, but the design of these robust and well-designed units has evolved over time and today boasts placement in virtually every major spill organization.

D’Amico Sees Q1 Net Profit of $11.4Mln

Image: DAmico International Shipping

 Italy-listed D'Amico International Shipping (DIS) made a net profit of $11.4m in the first quarter, reversing its net loss of $6.8m last year, as the product tanker freight market improved.   The board of the product tanker owner on Wednesday approved first quarter 2015 results of

D'Amico Orders Two 'Eco' LR1 Product Tankers

Image:  d’Amico Società di Navigazione SpA

 D'Amico International Shipping has ordered two new long range one product tankers, to be built by Vietnam’s Vinashin Shipyard Co for about $44m each.   The tankers are expected to be delivered mid-2017.   The 75,000-dwt eco-LR1 product tankers will be built in Vietnam by

Britannia sails into Southampton

New cruise ship Britannia Credit: P&O

 Britain's newest ever superliner Britannia has arrived in its home port Southampton ahead of its official naming ceremony. It’s the largest cruise ship built for the British market.   It will bear the same name as the Queen's former Royal Yacht Britannia

Senate Committee Approves Vessel Discharge Reform Legislation

John Thune (R-SD), the Chairman of the Senate Committee on Commerce, Science and Transportation  (Official Senate portrait)

  The effort to establish a uniform national framework for the regulation of vessel discharges took another step forward as the Senate Committee on Commerce, Science and Transportation approved S. 373, the Vessel Incidental Discharge Act, with strong bipartisan support.    

Coalition Calls for Action on Vessel Discharge Legislation

The American Waterways Operators (AWO) and a broad-based coalition of organizations that rely on marine vessels to transport essential cargoes said a uniform national framework for the regulation of vessel discharges is urgently needed. The coalition called upon the Senate Commerce Committee to

MSC Magnifica Completes Drydocking at Damen Shiprepair

MSC Magnifica

  After a very fast and successful 17-day drydocking the cruise ship MSC Magnifica left Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) for Hamburg on schedule to start her next cruise. Next week (December 2) another cruise vessel will arrive at Damen Shiprepair

Fincantieri & Technip JV for Offshore Market

  Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A

U.S. Navy Contracts 12 Rapid Response Skimmers

Navy Wide Skimmer

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.  The Kvichak RRS is Navy’s tier one response asset

EUCAP Nestor Train 30 Somali Coast Guards


  On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring, Teaching and Training (MTT) programme for thirty young officers of the Somaliland Coast

Effective Communication on the Water

Marco 38.jpg

Because communication on the water is serious business, David Clark Marine offers a number of system solutions tailored to meet specific needs. On board the City of Marco Island’s Firestorm 32 High Speed Aluminum Fireboat, made by MetalCraft Marine

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