Matson Navigation Company, Inc. has completed the sale of two combination Ro/Ro /lift-on, lift-off containerships to Sea Star Line, LLC (Sea Star) in Jacksonville, Fla. The vessels, which have been bareboat chartered to Sea Star since the company was formed in 1998, will continue to be deployed in the Puerto Rico trade. The sale to Sea Star, which is owned jointly by SaltChuk Resources, Inc., Matson and Taino Star Investment, Inc., underscores the investors' long term commitment to the line's Puerto Rico service. Matson is a wholly owned subsidiary of Alexander & Baldwin, Inc. of Honolulu (Nasdaq:ALEX). The two ships, the SSs El Yunque and El Morro, were both built by Sun Ship Building and Dry Dock Company and initially placed in the U.S. Atlantic Coast-Puerto Rico trade. Matson purchased the vessels in 1989 and 1990, respectively. Following the purchase, Matson modified both ships from strictly roll-on, roll-off vessels to combination ro-ro/lift-on, lift-off containerships. When the vessels were chartered to Sea Star, further modifications were made to increase their "big box" container capacity. As part owner of the Puerto Rico venture, Matson is confident that the two ships are well suited for Sea Star's service and will prove to be a good long term investment in the liner's operations. Mike Shea, president of Sea Star said, "These two vessels have contributed significantly to Sea Star's success in delivering superior service to our customers
The Sun Ace Shipping Company, based in Seoul, South Korea, has pleaded guilty to a one-count information for violating the Act to Prevent Pollution from Ships, in relation to the operation of a bulk carrier vessel the M/V Sun New, the Justice Department announced today. Sun Ace, which was the operator and manager of a fleet of five ships, is charged with failing to maintain an accurate Oil Record Book that fully recorded the disposal of oil residue and bilge into the ocean and then
National Steel and Shipbuilding Company (NASSCO) has joined with Totem Ocean Trailer Express, Inc. (TOTE) to christen the M. V. Midnight Sun, the first commercial dry cargo vessel to be built in the United States in 10 years. The Midnight Sun is the first of two new Orca-class trailerships being built by NASSCO for TOTE's service from Tacoma, Washington, to Anchorage, Alaska. Lynn Garvey, wife of Mike Garvey, Chairman of the Board of TOTE's parent company, Saltchuk Resources, Inc
MOL Liner Ltd. (MOL) announced an enhancement of its Intra-Asia service network with new rotation of “HS3” and new Japan-Strait service “HS4,” offering competitive service despite potential schedule disruption as a result of recent port congestion in the region. Renewal of “HS3” with New Feeder Service “AJS” MOL will introduce Singapore-Jakarta feeder service (AJS is operated by MOL) to stabilize the service schedule of
According to a May 16 report from the Vancouver Sun, the Harper government is expected to release its long-term shipbuilding strategy in the coming weeks, creating two national centers to handle billions of dollars worth of contracts. The strategy could spark a high-stakes game pitting West Coast firms against East Coast companies in a winner-take-all contest. Vancouver-based Washington Marine Group and J.D. Irving on the East Coast will be asked to submit proposals to become the “center
Fourteen Indonesian seafarers were found adrift in life rafts after their tanker was hijacked by pirates. The pirates left the crew in the life rafts and sailed off in the tanker. The crew were physically unharmed. The seafarers were found on 31st January near Indonesia’s Lembeh Island due south of the Philippines. The Indonesian-flagged chemical tanker “Rehobot” is still missing. The tanker was boarded by pirates near Lembeh Island, North Sulawesi in Indonesia
MARAD provides funding to further study LNG as marine fuel for containerships The U.S. Maritime Administration (MARAD) announced it has entered a $900,000 cooperative agreement with Totem Ocean Trailer Express Inc. (TOTE) to study the costs and benefits of converting vessel to liquefied natural gas (LNG) propulsion. Under the agreement, TOTE who is to convert its containership MV Midnight Sun to operate on dual fuel LNG
According to a report from the Sun Herald, on March 22, salvage crews removed debris from the Back Bay two days after a chain of eight barges crashed into the Popp’s Ferry Bridge in Biloxi, MS. The collapsed spans were lifted from atop one of the barges. Two cranes, tugboats and other heavy equipment were moved in to do the work. (Source: Sun Herald)
A&P Group has won the contract to carry out repairs to the 22,945grt Cruise Liner Sundream at its Southampton dry dock facility. The ship, which is operated by Sun Cruises (part of the MyTravel Group), will arrive at A&P Southampton on 26th October for a scheduled 21 day dry dock and refit period. Work will include extensive tank repairs, blasting and painting of the hull and davits, shell door inspections, various steel and pipe work renewals
Type Commercial Dry Cargo Vessel Owner Totem Ocean Trailer Express Builder NASSCO National Steel and Shipbuilding Company (NASSCO) and Totem Ocean Trailer Express, Inc. (TOTE) christened M.V. Midnight Sun, the first commercial dry cargo vessel to be built in the U.S. in 10 years. The Midnight Sun is the first of two new Orca-class trailerships being built by NASSCO for TOTE's service from Tacoma, Wash., to Anchorage, Alaska.
BigLift Shipping said it has ordered a third Happy S-type vessel. The new build vessel, to be named Happy Sun, will be identical to BigLift’s Happy Star and will be built by Ouhua Shipbuilding in Zhoushan, China. The new vessel is expected for delivery in the first quarter of 2018.
ABB is opening a new integrated Operations Center in Singapore, the third facility of its type and first in Asia, which will allow the company’s engineers to follow the sun across the globe. Typically, at the end of the working day
Mitsui O.S.K. Lines (MOL) has introduced ClassNK Consulting Service’s condition-based monitoring (CBM) system ClassNK CMAXS e-GICSX on the M/V Taranaki Sun, marking the system’s first commercial application. The ClassNK CMAXS e-GICSX CBM system first collects large amounts of voyage
Members of Lerwick’s Up Helly Aa Jarl Squad warmly welcomed Viking Sea passengers ashore during her maiden call to Lerwick. The brand new 47,842 tonne Viking Sea arrived for the first time at Lerwick on Wednesday 15 June
China's largest shipping company by fleet size China COSCO Shipping Co has officially launched COSCO Shipping Energy Transportation Co in Shanghai on Monday, creating the world's largest oil tanker fleet in terms of both ship numbers and deadweight tonnage, says a report in China.org.cn.
The 'Big Three'—Daewoo Shipbuilding & Marine Engineering, Hyundai Heavy Industries and Samsung Heavy Industries—hold $42.1 billion in loans between them. The firms closed out 2015 with combined losses of more than $6 billion, their earnings reports revealed.
Historically, a prime characteristic of the shipping industry has been that when one sector is performing weakly there is generally another that is strong, and that even when most of the markets are down there is often one which provides at least some counterbalance by performing more
The latest generation of car carrier arrived recently. The sun doesn’t just shine over the ship, it also contributes to generating energy for it as Drive Green Highway has high efficiency solar panels. Drive Green Highway is the world’s biggest ship adapted for solar energy
A joint development project (JDP) between DNV GL, Statoil and Farstad Shipping has demonstrated that offshore supply vessels (OSV) can save up to 21,000 Euros on their annual fuel bill, by running the vessel at optimal trim.
As the world moves to slash CO2 emissions, the shipping and aviation sectors have managed to remain on the sidelines. But the pressure is now on these two major polluting industries to start controlling their emissions at last - a report by Yale University.
China and the United States should manage their differences over disputed waters in the South China Sea constructively, one of China's top military officials has said. Fang Fenghui, a member of China's Central Military Commission, told General Joseph Dunford
State-backed shipbuilder CSBC Corporation, Taiwan has launched two domestically developed and constructed vessels in the southern Taiwan port city of Kaohsiung, reports Taiwan Today. YM Window and YM Width are 368 meters long, 51 meters wide and can carry 14,198
TEKEVER will present at Xponential/AUVSI its new vessel detection capabilities for its UAS product lines. Available for TEKEVER’s AR3 and AR4 product lines, the new capabilities allow for an increased effectiveness of the systems in multiple types of maritime missions.
On Friday the 29th of April, Nb. 420 was launched in Leer. She was christened ‘Symphony Sun’ and is the fourth vessel in a series of 6 that will be delivered to Symphony Shipping. Symphony Sun is a vessel of our ‘Ecobox’ design
As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually found their 2008 heights just as unsustainable, even as some talked of a “new paradigm”.