In response to the casualty of “MOL COMFORT” which occurred on 17 June 2013, ClassNK established the Investigative Panel on Large Container Ship Safety, comprised of leading experts from shipbuilders, shipowners and academic institutions, to carry out the following course of action: (1) Investigate the possibility of casualty occurrence (2) Consider and examine safety of large container ship structure The findings and outcomes of the panel have been consolidated into a report, which is available to download in both English and Japanese via the website below: http://www.classnk.or.jp/hp/en/hp_news.aspx?id=1100&type=press_release&layout=1 For all inquiries regarding the report, please fill out an Enquiry Form via the website above. Answers to these inquiries will also be regularly updated as Q&As on the ClassNK website. ClassNK has scheduled an immediate Explanatory Meeting with IACS members to explain the report and to share the findings and outcomes among the IACS members. ClassNK will continue to work towards the safety of the large container ships including improvement of the relevant Rules, Guidance and Guidelines.
Oil and gas shipping firm Osprey Maritime's bankers have agreed to an extension through the third quarter of 2002 of $362 million in short term loans. The facilities were originally repayable on July 20, 1999. The outlook for Osprey, which has a total debt of $813.7 million as of June 30, 1999, hinged on the outcome of its talks with bankers to extend its short term loans. The debt was incurred following its multi-million acquisition of Gotass Larsen Shipping Corp in 1997.
Bourbon announces that its 10 crew members kidnapped in Cameroon on 31st October on board the Bourbon Sagitta were released on Nov. 11. They are now safe in Yaoundé. After medical check-ups, all of them appear to be in good health. Bourbon wishes to thank everyone who has contributed to the successful outcome of this affair for their support and efforts, and in particular the local Cameroonian authorities, as well as the French Ministry for Foreign and European Affairs.
BP Amoco confirmed, following a successful outcome to talks between the two companies, it has reached agreement to combine with the Atlantic Richfield Company (ARCO) of Los Angeles. The all-share transaction, approved by the boards of both companies, will involve the exchange of 0.82 BP Amoco American Depositary Shares (ADS) for each ARCO share. The deal will substantially boost BP Amoco's reserves and production, giving it the largest oil output of any non-state company
The Turkey-flag container ship Akaylar II has left Desan Shipyard, Tuzla, Turkey, after repairs were completed on the collision damaged vessel, Reuters reported. Akaylar II was towed to Tuzla from Buyukdere, where it had initially been towed following a collision around the entrance to the Bosphorus straits. The 4,263-dwt Akaylar II was leaving the straits for the Black Sea when it was involved in a collision with the southbound 8,971-dwt Cambodia-flag Med Glory, which was badly damaged.
Navios Maritime Partners L.P. announced that the Navios Apollon and her crew were released on Feb. 27 2010. Navios Partners reported that the Captain and crew are healthy and will be reunited with their families shortly. Navios Partners thanks the Captain, the crew and their families for their fortitude through this trying ordeal. Many assisted the company in achieving this outcome. Navios wanted to recognize the special efforts of the Chinese Embassy in Greece, and the Ambassador personally
The Scottish Government informs that KPMG has announced that Clyde Blowers Capital is to be the preferred bidder for the group’s business and its assets. First Minister Alex Salmond said: “I am delighted that Clyde Blowers Capital has been named the preferred bidder for the Fergusons yard. Jim McColl’s company is one of Scotland’s greatest job creators, and I will be meeting with the company
EDHEC-Risk Institute announced that eight new members have joined its international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other institutions. The role of the international advisory board is to validate the relevance and goals of the research program proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry
Safe Bulkers, Inc. (NYSE: SB) announced that it has entered into a new period time charter for the Maria, a 76,000 dwt Panamax class vessel, for a duration of 34 months to 36 months, with a forward delivery date in second quarter of 2011, at a gross daily charter rate of $20,250, less 3.5% total commissions. Dr. Loukas Barmparis, President of the company, said: “The new three-year time charter, which has a higher rate compared to the vessel’s current rate
Waterways Council, Inc. (WCI) has named Tracy R. Zea as its Director-Government Relations, effective August 4. He will be based in the Washington, D.C. office and will primarily advocate for WCI’s goals for authorizations and appropriations which support a modern, efficient, and reliable inland waterways transportation system. Zea will also work to enhance WCI’s stakeholder relationship with the U.S. Army Corps of Engineers
Hurricane Joaquin was gaining strength on Thursday as it moved toward the Bahamas, with forecasts still inconclusive on whether the storm would slam into the U.S. East Coast or head out to sea without making landfall, the Hurricane Center (NHC) said.
The International Association of Classification Societies (IACS) has marked World Maritime Day by expressing its support for the efforts of the International Maritime Organization to promote the vital contribution made to the industry by its most important asset: its people
South Korea is getting serious about tackling its "zombie company" problem and will set up its first restructuring firm backed by the government and banks in November, spooked by some huge corporate losses and a darkening economic outlook.
In the first six months of the accounting year 2015 the Swedish Club made a deficit of USD 6.3 million. The result was affected by lower returns from both the technical- and non-technical accounts. Underwriting performance registered a combined ratio of 112% but remains slightly
Smartphone App created with support from Augustea Group and MarineTraffic will help charity deliver improved service and better measure impact of its work Sailors’ Society, one of the largest seafarer support charities operating internationally
The Port of Rotterdam Authority has signed a partnership agreement with the Indonesian Port Corporation Pelindo I for the development of a new deep sea port at Kuala Tanjung near to Medan in Sumatra, Indonesia. Under the agreement the Port of Rotterdam will undertake a feasibility
DNV GL has developed a new class notation for gas bunker vessels that targets safer fuel transfer operations from one ship to another. Until now, the development of standards guiding gas fuel transfer operations in ports has lagged behind, as the maritime industry focussed on developing
Local media quote Huntington Ingalls Industries (HII) as announcing this week the Avondale Shipyard, just upriver from New Orleans, is being sold. The historic, 206-acre facility is on the market after a tumultuous last five years that have included layoffs and threats to
Incat Crowther has entered into a contract to design a 33m Catamaran Dive Vessel for Down Under Cruise & Dive of Cairns, Australia. Construction of the vessel is well underway at Marine Engineering Consultants on Queensland’s Gold Coast.
The Australian Government has thrown domestic shipbuilders an A$89 billion (US$ 66 billion) lifeline. It plans to deliver a long-term plan for a strong and sustainable naval shipbuilding industry. Over the next 20 years the Government will invest the $89 billion in ships and submarines for
Totem Ocean Trailer Express announced that it has signed a contract with Keppel Offshore & Marine Ltd, wholly owned subsidiary Keppel Shipyard Ltd for the conversion of the Midnight Sun to dual fuel liquefied natural gas (LNG) propulsion
The Coast Guard and local agencies rescued three people after their 29-foot vessel ran up onto a breakwall ouside the Sheboygan River as they were heading into the Sheboygan Marina, Wednesday. The Coast Guard has not released the names of the passengers.
Representative employees of marine transportation company of Cook Inlet Tug & Barge Inc. (CITB) on Monday voted to reject a petition that would see a union organize to represent the company’s marine employees, CITB announced today.
The final phase of a competition to develop novel adaptive autonomous ocean sampling network (AAOSN) management systems for the National Oceanography Centre (NOC) is now underway. Two UK consortia will move forward to develop systems capable of coordinating a suite of marine autonomous vehicles
Kalmar, part of Cargotec, played a successful role in delivering an automated straddle carrier solution to Patrick Stevedores' during their recent automation of Port Botany container terminal in Sydney, Australia. The conversion from manual operations at Port Botany was made in only four