Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing our vessels on period charters with leading charterers in order to provide shareholders with a stable revenue and dividend stream."
The Maritime Transport Committee of the Organization for Economic Cooperation and Development (OECD) issued a report entitled Ownership and Control of Ships
Multiport, the network of independent ship agents, is sad to announce the death of Mr Hylton Clarke, managing director of its Jamaican member, Maritime & Transport Services Ltd. Clarke was a leading member of the Jamaican shipping community, and the longest serving member on the managing committee of the Shipping Association of Jamaica. "He was a man of the greatest integrity, with a great sense of humour and enjoyment of life," said Multiport secretary-general Peter
Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai
The UK Department for Transport issued its Consultation Document entitled Financial Assistance for Moving Freight from Road to Inland Waterway and Maritime Transport. The post-consultation response indicates broad support for grants to encourage increased use of waterways in lieu of roadways to transport freight in the U.K. Differences remain, however, with regard to detailed implementation.
The U.S. International Trade Commission issued a lengthy report entitled -The Economic Effects of Significant U.S. Import Restraints Third Update 2002 .The report reviews a variety of import restraints including the maritime cabotage laws. It concludes that eliminating the restriction on maritime transport and liberalization of the U.S. build requirement for vessels engaged in the coastwise trade would provide an economic benefit of $917
Leading shipping accountant and business consultant Moore Stephens say draft EU Guidelines on state aid to maritime industries are creating uncertainty and problems for the UK Tonnage Tax scheme. The new guidelines, which must be accepted by member states by June 30, 2004, and enter into force one year later, will oblige owners with fleets in the UK Tonnage Tax regime to increase the proportion of their vessels under an EU flag.
As the leading French port for container traffic, has undergone recent and considerable expansion to increase its cargo handling capacity, with some 60% of all containers in the country being managed from its port terminals. This expansion will see a rise in maritime transport, which will further impact on inland navigation. With expectations of significantly increased brown water transport in the near future, has established an inland navigation program to enlarge the entire canal link
Aries Maritime Transport Limited reported its financial results for the nine months ended September 30, 2007. Revenues of $23.2m were recorded for the three months ended September 30, 2007, compared to revenues of $26m recorded for the three months ended June 30, 2007. The decrease in revenues is primarily attributable to unscheduled out-of-service time related to the Ostria, a 2000-built double-hull products tanker, and scheduled out-of-service time related to the High Land
Dockwise Yacht Transport , a group company of Dockwise, recently merged with Sealift Ltd, has christened the largest and most modern yacht carrier in the world. The vessel has been built at the Yantai Raffles Shipyard in China. The 687.5-foot (209 meter) Yacht Express is purpose-built with a semi-submersible dock bay that allows yachts of any size to be safely floated on and off as cargo. Dockwise is considered the global leader in maritime transports of extremely large and heavy cargoes
At the OECD International Transport Forum in Leipzig, Germany, the annual gathering of the world's transport ministers from more than 50 countries (May 22-24), the views of the global shipping industry were represented by the International Chamber of Shipping (ICS)
Videotel launched a new training software program, Videotel webFSA, at IMO STW 44. A sophisticated Flag State Administration Training and Record Management system, Videotel webFSA, provides Member States with the assistance they need to meet the forthcoming IMO requirement for a global quality
Durban's Wabona Group was among the winners in one of the nine award categories, during a Maritime Industry Awards function held on April 28, 2013 in Cape Town. The event, held to celebrate contributions to the South African Maritime Industry, was a culmination of a nationwide nomination process
German ship operator Hartmann Reederei chose Marlink to supply standardized Ku-band VSAT services to a diversified fleet of 74 vessels for an initial three-year duration. Hartmann Schiffahrts GmbH & Co. KG is headquartered in Leer, and encompasses the entire value-added chain of shipping
The European Union will co-finance with over €2.5 million from the TEN-T Program a project to improve the maritime infrastructure in Lake Mälaren in Sweden to increase the role of maritime transport in the area and foster intermodality and relieve congestion on road and rail.
Maritime New Zealand (MNZ) says the $10,500 fine sends a clear message to polluters of New Zealand waters. Southern Storm Fishing Ltd, owners of the fishing vessel Oyang 75, was sentenced in Christchurch District Court on a charge under the Maritime Transport Act 1994 of failure to notify two
IMO Secretary-General Koji Sekimizu has launched this year's World Maritime Day theme, "Sustainable development: IMO's contribution beyond Rio+20", calling on Governments and the shipping industry to join together and provide a positive contribution towards formulating sustainable
Partners and customers to benefit from extensive multi-technology service portfolio by provider of global satellite-based mobility services. Astrium Services will showcase their latest innovations in maritime communications at the upcoming Seatrade Middle East 2012 from 27 to 29 Nov in Dubai
Batumi, Georgia. Batumi State Maritime Academy (BSMA) upgraded its training facility with the latest simulators from Transas. The main goals of establishing this advanced training facility is to educate qualified specialists who will join the maritime commercial fleet and maritime transport
Tokyo, Japan, is the Newest Global Location for the Middletown, RI-Based Technology Company. KVH Industries, Inc., (Nasdaq:KVHI) has opened an office in Tokyo to further strengthen KVH's position in the market and to provide additional support to its Japanese partners
Keynote speech by Richard Sadler, CEO Lloyd’s Register, at the annual Donaldson Lecture to the Lloyd’s Market Association. Extracts from the speech follow: "I have always been fascinated by the assertion of Martin Stopford, the respected Clarkson analyst
Batumi, in the Autonomous Repuplic of Georgia, upgrades simulators at its nautical training facility. The project included installation of a full mission engine room simulator ERS 5000 that simulates MAN B&W 6S50MC-C Diesel Engine Product Tanker Ship Model
'Ever Leading' welcomed at container terminal Felixstowe, UK, on maiden voyage, the third Evergreen L-Type on UK shipping registery. The new container ship is owned by Evergreen Marine (UK) Ltd. is 334 meters in length, 45.8 meters wide, with 942 reefer plugs and a draft of 14.2 meters
Several Greek coastal shipping firms have resorted to chartering their ferries on foreign routes in order to secure some liquidity and continue operating. Companies believe that their smooth operation is being threatened by the negative course of the domestic maritime transport market as losses
The European Commission commits to establish a true single European market for maritime transport by spring 2013 with its 'Blue Belt' package. In this way, the Commission intends to promote maritime transport by no longer subjecting EU goods transported between EU seaports to administrative and