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WATERFRONT PROPERTIES

Composite Holdings Acquires Land for Marine Vessel Manufacturing

On 22 February, EPS Corporation’s 50-percent owned Composite Holdings Inc. (CHI) acquired approximately 37 acres and some 141,000 SF of marine composite manufacturing facilities, located off the Barge Canal on Merritt Island, Florida. This Merritt Island acquisition, combined with the 2008 acquisition of 50 percent of CHI and its over 13 acres and 89,000 SF of marine manufacturing capacity on the Indian River in Titusville, Florida, provides EPS and its affiliate CHI about 50 acres of Florida waterfront property and over 230,000 SF of modern marine composite manufacturing facilities. “EPS is excited about this investment in the area. We expect great things moving forward with our line of marine vessels, which will be manufactured at these facilities,” said Mr. Francesco A. Musorrafiti, EPS Chairman and Chief Executive Officer. All inquiries regarding EPS Hovercrafts and marine vessels can be made by contacting hovercraft@epscorp.com.  


Giant Container Terminal Expansion for U.S. Port

Global Container Terminals Inc. unveils multi-million dollar expansion plan to develop a container terminal in  Port Of New York & New Jersey Global Container Terminals Inc., a leading North American marine terminal operator with facilities on both coasts, has unveiled final plans for a multi-million dollar expansion project to develop a 70-acre technologically advanced container terminal on the Bayonne, NJ, waterfront


Curaçao to Host 2003 Convention in September

Agustin Díaz, deputy general manager of the Curaçao Ports Authority, Inc., was installed as Chairman of the Board of the American Association of Port Authorities (AAPA) during the September 26th Annual Membership Meeting at The Breakers in Palm Beach, FL. Díaz succeeded as Chairman of the Board Dick Steinke, Executive Director of the Port of Long Beach. “We’re pleased to have Agustin lead the Association on behalf of AAPA’s Latin American delegation,” said Kurt J. Nagle, AAPA President


Coastal Zone Management: ABA Publish New Book

Book cover: Image courtesy of ABA

With oceans considered by many as one of the last frontiers, the American Bar Association's new book “Zoning the Oceans: The Next Big Step in Coastal Zone Management’’ is intended to help experts and government planners use zoning as a vehicle for ocean development and management. It is claimed to be the first book to focus on new and emerging state ocean zoning programs in the context of recent developments in offshore coastal zone regulation at the state and federal


NWF Study: Many Beneficiaries of Waterway System

Michael W. Hennessey, NWF Chairman

Barge Transport Claims Only a Portion of the Benefits Our Navigable Waterways Make Available to the Nation.   The National Waterways Foundation (NWF) has produced a new brochure – “Waterways: Vital to the Nation” – capturing the key findings of the January 2011 study, “Toward a Full Accounting of the Beneficiaries of Navigable Waterways,” by the University of Tennessee Center for Transportation Research


Tauber Oil Opens West Calcasieu Port Operations

Photo: West Calcasieu Port

Tauber Oil Company of Houston has become the West Calcasieu Port’s newest tenant.    “Tauber Oil is a service-oriented wholesale energy marketing company with a reputation for reliable performance and untarnished character,” said Lynn Hohensee, port director. “The marine vessel operators along the Gulf Intracoastal Waterway and the Calcasieu River Waterway will find they now have a new first class refueling option in Southwest Louisiana.”  


Marine Hwy Fleet Builder Seeks Shipyard Site

Santa Maria Shipowning & Trading, based in Santa Rosa, California, is looking to purchase or lease a 15 or more acre industrial site with 600 feet of waterfront property and a minimum shoreline depth of 15 feet. The site will be used to build and launch a fleet of fuel-efficient, ocean-going container ships as part of the proposed Marine Highway Initiative (MHI) that will remove 20,000 daily truckloads off U.S. highways, transferring the cargo onto 66 new American-built ships


Austal USA to be Contracted for Littoral Combat Ship

The U.S. Navy has awarded a team that includes Austal USA, a $79 million contract to develop a final design for the Littoral Combat Ship (LCS), along with options to build two ships. Total contract value including both shipbuilding options is $536 million. With its unrivalled expertise in large, high-speed aluminum vessels, Austal, as the designer and builder of the proposed LCS vessels, is a major contributor to the team which is led by General Dynamics-Bath Iron Works


Carnival to Build and Operate Cruise Terminal in Honduras

Carnival Corporation & plc has signed an agreement to build and operate a cruise terminal on the island of Roatan, Honduras. Development of the facility - to be called "Mahogany Bay - Roatan" – is expected to start in fall 2007 and be completed by summer 2009 at a cost of $50m. The cruise facility will be situated on 20 acres on the Roatan waterfront and will consist of a two-berth cruise terminal capable of accommodating super post-Panamax vessels and up to 7,000 passengers daily.


Ground Broken on New Shipyard

As part of its continuing plans for diversification and expansion The Great Lakes Towing Company, a 106-year old tug company, now a multi-faceted marine transportation and ship and boat repair business, will construct a new $3,500,000 headquarters building and state-of-the-art shipyard complex on its present 6-acre deep waterfront property in the Old River Channel of the Cuyahoga River in Cleveland, Ohio. Located at the foot of West 45th Street on Division Avenue


Docking Errors Caused Cruise Ship Allision -NTSB

Screen shot from a CCTV monitor, provided to the NTSB by the U.S. Coast Guard, shows the allision of the Carnival Pride with the pier at Cruise Maryland Terminal, South Locust Point, Baltimore Harbor, Md., as the elevated passenger embarkation walkway falls and crushes three vehicles parked below on the pier (Photo: USCG / NTSB)

 Too much speed and too steep of an angle of approach resulted in the May 8, 2016, allision involving the cruise ship Carnival Pride in which more than $2 million in property damage occurred, according to a National Transportation Safety Board (NTSB) marine accident brief released Tuesday.


China Sells Ships Online

Image: Varada Marine Group

Chinese Maritime Court has sold five vessels of bankrupt Wenzhou Shipping, subsidiary of Zhejiang Shipping Group,  through online auctions on Taobao.com  for a  a total price of $22.81m.   The auctioned ships include 2011-built 57,000-dwt supramax bulker Zhe Hai 167


ABB’s OCTOPUS for Greenland Heavylift Newbuilds

GPO Under Construction (Photo: ABB)

ABB’s OCTOPUS marine software was chosen for four new semi-submersible heavy lift vessels currently under construction at CSBC Corporation in Taiwan, with the first expected to go into service in 2017.   The ships, owned by Greenland Heavylift Holdings


Giuseppe Bottiglieri Files for Creditor Protection

Pic: Giuseppe Bottiglieri

 Italian cargo shipowner Giuseppe Bottiglieri Shipping Co. SpA  has filed for court protection while it works on a restructuring plan  reports WSJ.   The Naples company cited "the unprecedented world freight market crisis" that has weighed on profits across the


Skuld Hires Cargo and Marine Property Head

Paul Knighton. Photo: TT Club

 Marine insurance provider Skuld announces the appointment of Paul Knighton as global head of marine cargo and marine property. He will join Skuld Syndicate 1897 in the summer.   Knighton will enhance Skuld’s well-established marine cargo and marine property portfolio by building


EverTUFF CTS CPVC Hot & Cold Water Distribution System

Photo: Spears Manufacturing Company

Spears Manufacturing Company awarded U.S. Coast Guard approval   The Spears EverTUFF CTS CPVC Hot & Cold Water Distribution System is now U.S. Coast Guard approved for use in marine applications. The EverTUFF system combines the durable lightweight and corrosion resistant properties of


Insurance Gaps Leave Shipping Exposed to Cyber Attacks

File Image: A Maersk product tanker underway (CREDIT: Maersk)

Ships exposed through GPS systems, have limited back-up; cyber insurance typically doesn't cover jamming, property damage.   Shipping companies grappling with the threat of cyber attacks on vessels are finding insurance policies often fall short, officials involved in both industries say


Hanjin Sells Operations at Port of Seattle

Photo: Port of Seattle

Bankrupt South Korean shipping company Hanjin will sell its operations of the Port of Seattle’s Terminal 46 to Switzerland-based Mediterranean Shipping COmpany (MSC) subsidiary Terminal Investment Limited (TIL), reports AP.  


USS Rafael Peralta Completes Acceptance Trials

The future USS Rafael Peralta (DDG 115) sets sail on October 17, 2016 for the first time to conduct initial at-sea builders trials off the coast of Maine. (Photo: U.S. Navy)

 The future USS Rafael Peralta (DDG 115) successfully completed acceptance trials Dec. 16 after spending two days underway off the coast of Maine. The U.S. Navy's Board of Inspection and Survey (INSURV) reviewed the ship and its crew during a series of demonstrations while underway


Great Ships of 2016: Lindanger

(Photo: Hyundai Mipo)

Since it started publishing in 1939, Maritime Reporter & Engineering News has recognized excellence in ship construction. This year 18 ships in total were honored, including many “world firsts.”   Lindanger - World’s First Methanol Fueled Tanker


Master Marine Lays First Keel of Four-vessel Order

Photo: Master Marine

Master Marine said it has laid the first keel of four new 67’ x 28’ fleet boats ordered in September.  Each boat will be powered by a pair of S6R2-Y3MPTAW Mitsubishi 803 HP tier III diesel marine engines to be operated at 1,400 RPM coupled to Twin Disc 5321 gears


Power Presented with Alexander Hamilton Award

Photo courtesy of National Coast Guard Association

The National Coast Guard Museum Association, Inc. presented the 2016 Alexander Hamilton Award to Coast Guard veteran and founder of J.D. Power and Associates, Inc., J. David Power III, who served as an officer aboard the Coast Guard icebreaker EASTWIND during the mid-1950s.


Nairobi: Understanding Wreck Removal

Photo: International Maritime Organization (IMO)

 A meeting of salvage and wreck professionals in London, United Kingdom has been introduced to International Maritime Organization (IMO)'s Nairobi Wreck Removal Convention.   The treaty provides the legal basis for States to remove, or have removed


PPL Yards Not for Sale: SembMarine

Photo:  PPL Shipyard Pte Ltd

 Sembcorp Marine has denied the rumours that it was mulling the sale of all or part of subsidiary PPL Shipyard, according to a report in the Business Times.   "Neither our rig-building subsidiary PPL Shipyard nor any of the yards from which PPL is operating are up for sale


India Looks at Port Dependent Industries in Major Ports

Photo: Indian Ports Association (IPA)

 India's Ministry of Shipping held a consultation meeting with various stake holders on ‘Policy for Award of Waterfront and Associated Land to Port Dependent Industries in Major Ports’ in New Delhi.    The policy was approved by the Union Cabinet earlier this year and






 
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