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Malaysian Maritime Academy Upgrades

Malaysian Maritime Academy (Alam) is aiming to be a regional training hub specializing in liquefied natural gas (LNG) and petroleum tankers, Business Times reported. The academy, wholly-owned by shipping giant MISC Bhd, recently invested about $3 million to install the latest versions of a ship-handling stimulator, liquid cargo stimulator and engine stimulator. The country's premier seafarers' training academy had undergone a corporate transformation exercise as part of its vision to position Alam as a reputable maritime academy institution. The academy hopes to grow its international student intake to 10 percent this year. Currently, Alam has 215 students out of which about 5 percent are foreign students from Indonesia, India, Vietnam, Brunei and Kenya. In the process to upgrade the academy, Alam appointed international consulting firm Det Norske Veritas (DNV) to audit its syllabus and curriculum to comply with the International Maritime Organization’s standards of training and certification. (Source: Business Times)


Transas Marine Upgrades Training Complex

Transas Marine has upgraded training complex at the Nikola Vaptsarov Naval Academy (Varna, Bulgaria), including full mission bridge simulator upgrade to the latest Transas NTPRO 5000 software and new version of the GMDSS simulator TGS 5000. The Transas – Naval Academy partnership started in 2002 when Transas Marine supplied its Navigational, later Engine Room and GMDSS simulators to the Academy. In July 2012


Cyprus Launches Maritime Academy

Photo: Cyprus Maritime Academy

 The University of Nicosia announced the operation of the Cyprus Maritime Academy at the Bernhard Schulte Shipmanagement Centre for Nautical Education, where the academy’s facilities are housed.   According to local media reports, Cyprus Maritime Academy will receive its first students in September 2016 and offer four-year degree programs which will cover the three main sectors of the nautical industry: Nautical Science, Nautical Engineering, and Nautical Electric Engineering


Rodriguez Appointed Deputy Maritime Administrator

Mike Rodriguez

Mike Rodriguez, U.S. Merchant Marine Academy Alum, was sworn in as Deputy Administrator of the U.S. Department of Transportation Maritime Administration (MARAD). Rodriguez has more than 35 years experience as a maritime industry professional in both the public and private sectors. He joins MARAD from the Navy’s National Maritime Intelligence-Integration Office. Prior to that, he served in the Military Sealift Command and in other active duty tours in the Navy


David Williams Awarded Emery Medal

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David Williams, CEO of the Noble Corporation, was honored as the Massachusetts Maritime Academy’s “Salute to the Maritime Person of the Year” at the Petroleum Club in Houston. Mr. Williams was awarded the Emery Rice medal, the Academy’s highest award presented for leadership excellence in the maritime field. The event is the Academy’s major scholarship fundraiser, with all proceeds going toward student financial aid.


USS Annapolis Visits Namesake City

The Los Angeles-class submarine USS Annapolis (SSN 760) visited its namesake city from Aug. 30 to Sept. 5. The crew of Annapolis hosted tours for both midshipmen and Naval Academy faculty and staff over the holiday weekend. “We actually came to Annapolis for two reasons,” said Annapolis Commanding Officer, Cmdr. Dennis J. McKelvey, “one being to visit the city we were named for and the other to give midshipmen exposure


Crowley Presents Memorial Scholarships to Midshipmen

Continuing its support of students wishing to enter maritime, transportation and logistics fields, Crowley Maritime Corporation recently presented four U.S. Merchant Marine Academy (USMMA) midshipmen with Thomas B. Crowley Sr. memorial scholarships totaling $10,000. Mark Miller, director of corporate communications for Crowley, recognized Samantha Adrianne Skeens, Tormod Engvig, Brian Griffin and Justin Mitchell during the Containerization and Intermodal Institutes annual luncheon at the


MMA Seeks Input for NEASC Study

Maine Maritime Academy (MMA) will undergo a comprehensive evaluation visit this fall by a team representing the Commission on Institutions of Higher Education of the New England Association of Schools and Colleges (NEASC). NEASC last accredited MMA for a 10-year period in 1996, and the college is a candidate for reaccreditation this fall. As part of the comprehensive self-study leading up to the team visit, the public is invited to submit comments regarding the institution


Fowler Assumes Command of U.S. Naval Academy

Vice Adm. Jeffrey L. Fowler relieved Vice Adm. Rodney P. Rempt as Superintendent of the United States Naval Academy during a change of command ceremony held in Alumni Hall on June 8. Chief of Naval Operations Adm. Mike Mullen praised Rempt’s accomplishments during his four years at the Naval Academy, commending his focus on developing midshipmen as combat leaders of character. “As a Naval Academy grad, I want to thank you for all that you have done for my alma mater


Cummings Congratulates RADM Stosz On Promotion

Congressman Elijah E. Cummings (MD-7) offered his congratulations this week to United States Coast Guard Rear Admiral (lower half) Sandy Stosz, on the occasion of her promotion to that rank. Stosz, who is from Ellicott City, in the Seventh District, is the first female graduate of the U.S. Coast Guard Academy to be selected for promotion to flag rank. As the Chairman of the House Subcommittee on the Coast Guard and Maritime Transportation


Skaugen Goes to Red Again

Photo: I.M. Skaugen SE

 Norwegian Marine Transportation Service Company I.M. Skaugen SE reported interim losses but cautiously positive and expecting a gradual recovery of trading opportunities for long routes the petrochemical market.   The gas carrier owner reported profit before and after tax of minus $ 5


Sovcomflot Profits slip

Projects - The company services large-scale energy projects in Russia and abroad, including Sakhalin-1, Sakhalin-2, Prirazlomnoye, Varandey, Tangguh and Peregrino.

Reviewing the company’s financial and operating results for the first half year ended 30 June 2016, on 23 August 2016, the Executive Board of PAO Sovcomflot (“SCF Group”) noted that despite a tanker market downturn, the company was able to demonstrate strong performance and


MN100: McDonough Marine Service

(Photo: McDonough Marine Service)

The Company: Bernard P. McDonough created the company in 1945 by leasing barges from his construction company into the marketplace. Through a series of new and used barge additions, McDonough forged his company, expanding from the Ohio River to the Gulf of Mexico and eventually to the East Coast


MPA Appoints Koji Sekimizu as Distinguished Visiting Fellow

Former Secretary General  Koji Sekimizu delivering a public lecture on the topic What I dreamed about at IMO. Photo: Maritime and Port Authority of Singapore

 The S. Rajaratnam School of International Studies (RSIS) and the Maritime and Port Authority of Singapore (MPA) have appointed former Secretary-General of the International Maritime Organization (IMO), Koji Sekimizu, as a RSIS-MPA Distinguished Visiting Fellow for a period of two years


MN100: Massachusetts Maritime Academy

(Photo: Massachusetts Maritime Academy)

101 Academy Drive Buzzards Bay, MA  02532 Tel: (508) 830-5012 Email: blima@maritime.edu Website: www.maritime.edu President: RADM Fran McDonald   The Company: Massachusetts Maritime Academy offers seven undergraduate Bachelor of Science degrees and two graduate Masters of Science


TEN Delivers Aframax Tanker

Image: Daewoo Mangalia Heavy Industries

 Tsakos Energy Navigation (TEN Ltd) has announced the delivery of the Aframax crude tanker "Thomas Zafiras" from Daewoo Mangalia Heavy Industries which will immediately enter a long term contract to a Northern European charterer that could generate gross revenues in excess of $100


BBC Chartering launches office in Esbjerg, Denmark

BBC Moonstone courtesy BBC Chartering

BBC Chartering announces the re-launch of its presence in Denmark with a new representative office in Esbjerg opening August 15, 2016. “Global wind power saw an unprecedented growth recently, for the first time crossing 60 GW in new capacity installments in 2015


Navios Maritime Charter Restructuring with HMM

MSC Cristina. Photo: Scheepvaartwest

 Navios Maritime Partners has reached an agreement with South Korean shipping company Hyundai Merchant Marine to cut the hire rate of five container vessels chartered out to HMM by 20%.   Pursuant to the charter restructuring documentation executed on July 15, 2016


Brokers Optimistic on Asia Dry Bulk-Capesize Rates

File image: credit BSM

More activity from Australian miners buoy capesize rates; dry cargo market remains over-tonnaged as fleet growth outpaces demand. Freight rates for large capesize dry cargo ships on key Asian routes should stay largely unchanged next week on static cargo volumes though shipowners remain


GSL Extends CMA CGM Charters

Marie Delmas. Photo: Marine Marchande

 Global Ship Lease (GSL) has extended the charters of the Marie Delmas and Kumasi, two 2,207-TEU vessels, for up to 3.25 years.   Under the agreement, a revised rate of $13,000 per day will apply from August 1, 2016 until the charters' previous earliest expiry dates in September 2017


Otto Marine Launches Second Arbitration Proceedings

Photo: Otto Marine

 Singapore-based offshore marine group Otto Marine, which is in the midst of a takeover offer by its chairman, has taken a second legal action against payment default, reports Strait Times.    Otto Marine said it has commenced arbitration proceedings against Vettal Mega Services


Diana Enters Time Charter Contract With Glencore

MV Ismene. Photo: Diana Shipping

 Greek dry bulk ship owner Diana Shipping announced it entered into a time charter contract with Glencore Grain B.V., Rotterdam for one of its Panamax dry bulk vessels.   The vessel in question is the 77,901 dwt MV Ismene, which was hired at a gross charter rate of $ 5,850 per day


Ince to Advise Danaos on HMM Restructuring

Photo: Danaos Corporation

 Ince & Co’s London and Piraeus corporate, finance and shipping teams have advised long-standing client Danaos Corporation on Korean container line Hyundai Merchant Marine Co. (HMM), Ltd.’s US$2.1 billion restructuring.  


Danaos Reports 25.5% Rise in Income

Pic: Danaos Corporation

 Danaos Corporation, one of the world's largest independent owners of containerships, has reported net income of $47.7 million for the three months ended June 30, 2016 compared to $38.0 million, for the three months ended June 30, 2015, an increase of 25.5% for the period ended June 30, 2016


Rickmers Profit Nosedives, Plans Lay-ups

Photo: Rickmers Trust Management Pte. Ltd

 Rickmers Maritime incurred a loss of US$55.6m in the second quarter, wider than the year earlier $15.7m on the back of a non-cash impairment charge as charter market conditions deteriorate.   The Singapore-based consider is planning to lay up some of the 11 containerships it has






 
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