Excel Maritime Carriers Ltd, an owner and operator of dry bulk carriers and a provider of worldwide seaborne transportation services for dry bulk cargo has announced today that it has taken physical delivery of two vessels, MV Princess I at the port of Izmit in Turkey and MV Angela Star at the port of Taean in South Korea. MV Princess I is a Handymax bulk carrier of 38,858 dwt built in 1994 and MV Angela Star is a Panamax bulk carrier of 73,798 dwt built in 1998. Both vessels were built in Japan. The company agreed to acquire MV Princess I on February 21, 2005 and MV Angela Star on March 23, 2005. CEO Christopher Georgakis commented: "We are very pleased to have taken delivery of MV Princess I and MV Angela Star. With these deliveries in place the company has successfully taken physical delivery of 14 vessels within the past six months."
Samsung Heavy Industries and the Russian shipowner JSC Sovcomflot have signed a contract for the construction of three high ice class 70.000 tdw Arctic shuttle tankers. This contract is based on a conceptual design developed by Aker Arctic. SHI will work under a co-operation and licence agreement with Aker Arctic, according to which Aker Arctic has given and will give support to SHI in designing and constructing these vessels.
According to CBC, a group of Arctic oil spill experts who recently met in Halifax say they plan to create artificial spills in northern waters to learn how to clean them up. Six oil companies are backing a series of international experiments aimed at improving technology for cleaning up spills. Norwegian scientist Evor Sinksus says more oil production and shipping traffic in the Arctic has During the next three years
Yellow line: Northwest Passage. Blue line: Northern Sea Route The International Ice Charting Working Group (IICWG), meeting at ESRIN in Frascati, issued the following statement on October 26, 2007: “In September 2007, the Arctic sea ice reached the minimum extent in the history of ice charting based on satellite, aircraft and surface observations, continuing a recent trend of diminishing sea ice that began in the 1980’s and has accelerated
Frontier Drilling USA Inc, Houston, has engaged Aker Arctic of Helsinki, Finland to proceed with the initial design and conceptual development of the modification work for their turret moored Drillship Frontier Discoverer. The work includes development of a modified hull form and protection to the riser to suit the harsh environment of the Beaufort Sea. Aker Arctic will also conduct a series of ice model tests in their brand new model testing facility
TBS International Limited announced that it has taken delivery of its the M.V. Arapaho Belle, formerly the M.V. Elsa Oldendorff, an acquisition that it had announced in July 2007. The M.V. Arapaho Belle is a 1998 built, 24,021 dwt handysize bulk carrier the Company agreed to acquire charter free for $29m. With the delivery of the M.V. Arapaho Belle, TBS' current fleet consists of 36 multipurpose, handymax and handysize vessels
Knowledge, responsibility, engagement: the EU outlines its policy for the Arctic The European Commission and the EU High Representative for Foreign Affairs and Security Policy have outlined the way forward for the EU's constructive engagement in the Arctic. The Arctic region is a vital component of the Earth's environment. Climate change in the Arctic is advancing dramatically, with change visible on a yearly basis
With the Aug. 9 return of Military Sealift Command-chartered dry cargo ship MV American Tern to Naval Station Norfolk, Va., the resupply mission to remote Thule Air Force Base, Greenland, successfully concluded. This year, two vessels - American Tern and tanker USNS Samuel E. Cobb - delivered fuel, heavy vehicles and containerized cargo to Thule as part of Operation Pacer Goose, the annual resupply of the base. Civilian contract mariners aboard ships like these have provided key support in
A new study about crucial risk management issues relating to Arctic operations is released by DNV and the Fridtjof Nansen Institute (FNI). The study concludes that, in order to safely develop Arctic resources, there is a need for improved technology, oil spill preparedness and close cooperation between the authorities, industry and society. DNV’s CEO, Dr Henrik O. Madsen, presented the study entitled ‘Energy and the environment – Arctic resource development
Canada’s Transport Minister, John Baird, today introduced legislation in the House of Commons to enhance Canada’s sovereignty over Arctic waters and protect them from pollution. This coverage will give Canada greater and more effective control over marine activity in the Canadian Arctic while enhancing environmental protection in Canada's North. This marks an important step forward in the federal government's integrated Northern Strategy.
Houston-based GulfMark Offshore President & CEO Quintin Kneen commented on his company's first quarter 2014 financial report: "We recorded our highest first quarter revenue ever, and we still expect 2014 to produce our highest annual revenue ever."
Decreasing seasonal sea ice has opened up Arctic waters for longer periods with resulting potential economic opportunities in commercial shipping, cruises, commercial fishing, oil, and mining. In light of the importance of U.S. efforts to effectively manage Arctic issues, GAO was asked to examine U
The Canadian Government informs it has awarded a $6.5 million contract to Babcock Canada Inc. for critical refit work for Canadian Coast Guard ship 'CCGS Louis S. St-Laurent'. The shipyard portion of the work will be carried out by Chantier Davie Canada Inc., a sub-contractor to Babcock Canada.
Russian President Vladimir Putin said on Tuesday that Russia should step up its presence in the Arctic and challenge other nations in exploring the world's largest untapped natural reserves, days after it started shipping its first oil from the region.
As some pre-salt plays begin production, a wide range of subsea infrastructure is being built, with O&G transportation pipeline grids being one of the vital downstream systems. Saipem has been recipient of the first major contracts to install deepwater pre-salt pipelines by national operator
Oil and gas—and also mining—are the drivers today propelling Arctic maritime operations and the construction of new vessels able to operate in extreme latitudes. While the gas and oil resources can be recovered in the Arctic or far north and shipped to markets by sea or
When Ulstein Sea of Solutions (USOS) took part in a concept design competition for an arctic drillship, MARIN was asked to investigate the concept variations. USOS was asked to participate in a concept design competition for a drillship capable of operating in arctic conditions for several
Today in U.S. Naval History - April 21 1861 - USS Saratoga captures slaver, Nightingale. 1898 - U.S. at war against Spain. 1906 - Commander Robert Peary discovered supposed Arctic Continent did not exist. 1972 - Moonwalk in the Descartes Highlands by Capt. John W
President Vladimir Putin hailed Russia's first shipment of Arctic offshore oil on Friday, saying the platform decried by environmentalists will help Moscow expand its global energy markets share. Gazprom Neft, the oil arm of Russia's top gas producer Gazprom, shipped the first 70
The state nuclear power company Rosatom is about to reach a deal with United Shipbuidling Corporation on the construction of two powerful LK-60 icebreakers according to Barents Observer. The new icebreakers will be the most powerful in the world and are key instruments in Russia’s
Canadian Environment Minister Leona Aglukkaq stated that a principled stand had been taken by Ottawa against Moscow's intervention in events in Ukraine, reports Russian official news agency Arctic-Info. A statement from the Minister stated that Canada will not be attending working-group level
Lt. Governor Mead Treadwell delivered the keynote address yesterday at the Arctic Collaborative Workshop in Fairbanks. Treadwell discussed five reasons why Arctic national security should be a national priority: energy development and security, shipping opportunities and safety
Foss Maritime is building a new ocean-going barge that will give the company an additional asset to transport large modules both domestically and internationally. The new vessel will be Jones Act qualified. Its anticipated maiden voyage from South Korea to Alaska's rugged North Slope will take
As sea ice continues to recede at a record pace in the Arctic, officials at the Office of Naval Research (ONR) on April 14 announced new efforts to determine the pace of change in what some are calling Earth's final frontier. Scientists sponsored by ONR have traveled to the Beaufort Sea in the
Russian Maritime Register of Shipping (RS) is to undertake ship construction survey for the Lukoil Group. This project follows the RS effective cooperation with one of the major RF oil companies in developing offshore hydrocarbon resources.