NORDIC TUGS
ALGAE-X Now Standard Equipment On All New Nordic Tugs
Algae-X International has announced its agreement with Nordic Tugs - the Ed Shelton designed and manufactured boats - to integrate the ALGAE-X's Fuel Decontamination Technology into the fuel systems of their diesel powered vessels. Shelton is incorporating ALGAE-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. ALGAE-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.
Algae-X Standard Equipment on All New Nordic Tugs
Algae-X International has announced its agreement with Nordic Tugs, to integrate the Algae-X Fuel Decontamination Technology into the fuel systems of the company's diesel-powered vessels. Mr. Shelton is incorporating Algae-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. Algae-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.
World Nordic Acquires 51.5 Percent of Bergesen A-Shares
World Nordic Aps has acquired 16.575.106 A-shares in Bergesen d.y. ASA, ,the number of shares previously held by Petter C G Sundt and Morten Sig. Bergesen, at a price of NOK 180 per share. World Nordic, controlled by the Sohmen family of Hong Kong, also notified the Oslo Stock Exchange that they have acquired 5.144.228 A-shares and 4.698.893 B-shares in Bergesen from Tauro Company Limited. World Nordic now holds 21.719.334 A-shares and 4.698
Nordic American Tanker Shipping Takes Delivery of Suezmax
Nordic American Tanker Shipping Ltd. announced that the company has taken delivery of the suezmax vessel that it agreed to acquire in July this year. The 2003 built suezmax tanker has been named Nordic Apollo and was taken over today November 09, 2006. Including the Nordic Apollo the fleet of the Company has increased from three to ten suezmax vessels over the last 24 months. The vessel is employed in the spot market thus increasing the Company's vessels with spot market exposure from
Nordic Tankers Joins Nordic Exchange
Nordic Tankers, a Danish shipping company, has its starting point back in 1984. The company cooperates with many other companies within the international shipping industry. Nordic Tankers is Listed on the Copenhagen Stock Exchange joins the Industrials Sector on the Nordic Exchange. Nordic Tankers has experienced a significant growth in terms of earnings and capital. The earnings raised in connection to the listing on the Nordic Exchange will be used to develop the company further
Nordic Shipholding Sells Chemical Tanker Activities
Nordic Shipholding A/S completes sale of chemical tanker activities. In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the sale of its chemical tanker activities to a company controlled by Triton, a European investment company. The acquiring company has today changed name to "Nordic Tankers A/S".
Nordic Empress, Horizon and Zenith Reposition To Caribbean From Philadelphia, Baltimore
The Royal Caribbean ship Nordic Empress will reposition to the Caribbean from Philadelphia, where the ship has been sailing from since the terrorist attack in New York. Nordic Empress will depart Philadelphia on October 21, on an eight-night sailing to San Juan, Puerto Rico, with port calls in King's Wharf, Bermuda and St. Thomas, U.S. Virgin Islands. The Celebrity Cruises ships Horizon and Zenith will reposition to the Caribbean from Philadelphia and Baltimore, respectively
NAT: Newbuilding Suezmax Tanker Delivered
Nordic American Tankers Limited (NAT) has taken delivery of its second suezmax newbuilding tanker of 158,000 deadweight tons built at Samsung Heavy Industries Co., Ltd., South Korea. The Nordic Zenith was delivered to the Company November 8, 2011. At the end of 2010, Nordic American had 15 vessels employed in the market. Through disciplined financial management and a well-defined operating model, the Company now has a fleet of 20 suezmax vessels including the Nordic Zenith
Nordic American Tankers Resolve US Detention Issue
One of Nordic American's Suezmax tankers had to stay in a US port about 10 days longer than planned following a detention in December 2012. In the press release of December 6, 2012, Nordic American Tankers (NAT) announced that it was working closely with US authorities to provide the information that they requested. NAT is pleased that it has been confirmed now that no charges have been lodged or will be lodged against them in connection with this incident.
Nordic American Tankers Offer Shares
The company is to offer $87 million aggregate amount of common shares to the public to help fund its expansion programme. The Company's Chairman and Chief Executive Officer, Mr. Herbjørn Hansson is expected to purchase about $1.5 million worth of common shares in the offering on the same terms as other investors. The net proceeds of the offering are expected to be used to pay for acquisitions under our expansion program, including the tankship Nordic Future
Robert Allan Designs Tug for Rio Tinto
The Pilbara Apollo, the latest addition to the RAstar 3200 escort tug series was delivered to its owners, Rio Tinto Ltd., earlier this year. The vessel was constructed at Uzmar Shipbuilding Industry Co. in Turkey and will operate at Rio Tinto’s iron ore export facilities at Cape Lambert
Alaskan Tugboat Sale Brokered by Marcon
Delaware's Vessel Management Services, Inc. has sold their twin-screw tug “Sinuk” to King River LLC of Palmer, Alaska. The 85.8’ x 28.5’ x 10.0’ depth, model bow tug was built in 1995 by J. Ray McDermott Shipyard in Morgan City, Louisiana
Damen Begins 14 Terminal Tugs for Kuwait Oil Co.
The Asymbolickeel-laying ceremony on the April 17, 2013 in Gorinchem, The Netherlands, officially launched the construction phase of 14 Damen ASD Tugs for Kuwait Oil Company (KOC). The series consist of two types, being nine tugs of Damen’s recently launched 3212 model and five units of the
Escort Tugs in San Francisco Bay
Providing Tugs For the Intricate Escort Regulations Of SF Bay Responding to the oil spills of the Exxon Valdez in 1989 and the American Trader in 1990, California enacted the Lempert-Keene-Seastrand Oil Spill Prevention and Response Act (OPA 90)
Great Lakes Shipyard Launches First Seacor Tugboat
Great Lakes Shipyard continues to make progress on the construction of two Aura-class tugboats for Seacor Holdings. Great Lakes Shipyard was earlier awarded contracts by Caribbean Tugz, LLC, an affiliate of Seacor Holdings, Inc., to simultaneously build the new state-of-the-art 50-ton bollard
Nordic American Tankers Announce Public Offering
Nordic American Tankers Limited announced commencement of a public offering of $87 million aggregate amount of common shares pursuant to the Company's effective shelf registration statement. The company then announced a follow-on offering of 9.75 million common shares has been priced at $9
Foss Maritime Expanding Ocean Tug Fleet
Tug and barge operator is building three new Arctic Class deep-sea tugs at Northwest shipyard Responding to new oil and gas industry opportunities, Foss Maritime Company is building the first three tugs in an innovative Arctic Class of tugs
Marcon International Brokers 3,000-hp Tugboat Sale
After 6 months of charter Marigny Tug LLC of St. Augustine, Florida has closed on the purchase of the U.S. flag tugboat “Leslie Foss”. Prior to the sale, the twin-screw, sheer bow, ocean tug “Leslie Foss” (ex-Caribe Pioneer) had been on charter from Foss Maritime of Seattle
Nordic Cold Storage Blasts into Savannah
Nordic Cold Storage announced the grand opening of the first phase of its storage and blast facility, located just minutes from the Port of Savannah. The site has over 200,000 square-feet of convertible temperature-controlled storage space and is capable of blasting more than 10 million
KOTUG Sisters Named in Hamburg
The new build “ZP Bulldog” and her sister tug “ZP Boxer” christened by family of the two General Managers of Schleppreederei KOTUG GmbH. Both ceremonies were held at the tug boat station in the Port of Hamburg with shareholders
Nordic American Tankers Ltd. - Declaration of Dividend
Nordic American Tankers Ltd. announced that its Board of Directors has declared a dividend of $0.16 for the first quarter of 2013, the same as for the 4th quarter of 2012. The level of the declared dividend should be seen in the context of planned fleet expansion
Multraship Orders Two Damen ASD 2810 Tugboats
Multraship confirms its purchase of the two tugs now being constructed in Romania for delivery in June/July 2013. Contracts for the two tugs, to be named Multratug 26 and Multratug 27, were signed during the course of Multraship’s recent annual client gathering in Terneuzen.
FSL Trust Reports $23 Million 1QFY13 Revenue
FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, announced the financial results of FSL Trust for the quarter ended 31 March 2013. Revenue for 1QFY13 declined by 11.6% to $23.0 million (USD) compared to the corresponding quarter last year
Innovative Tugboat Delivered to Columbia
Tugboat 'Cabo de la Vela' an AVT 3000-Class Voith Schneider vessel designed by Robert Allan Ltd. for Carbones del Cerrejón delivered by Uzmar Shipyard, Turkey. This is the second of a two boat order from Carbones del Cerrejón for the AVT 3000 Class Tugs designed by Robert Allan Ltd
SHIPPINGInsight 2013 Agenda Published
The SHIPPINGInsight producers announced that the agenda for the 2013 Fleet Optimization Conference has been finalized. Now in its second year, the 2013 SHIPPINGInsight Conference addresses the challenges, solutions, technologies and best practices for improving efficiency in ship and