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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

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

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

David Williams Awarded Emery Medal


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.

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

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

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

New Data Shows Demand for Trained Merchant Mariners

Only months after graduation ceremonies were held on campuses across the nation, approximately 85 percent of 2008 graduates with merchant marine licenses from the United States Merchant Marine Academy and six state maritime academies have found employment afloat in the maritime industry or in the U.S. military, according to data released by the Maritime Administration.    “This data indicates that the job market for merchant marine officers remains robust

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

Frontline Reports Strongest 3Q

Frontline has one of the worlds largest fleets of VLCC and Suezmax tankers Credit Frontline

  * Frontline achieved net income attributable to the Company of $17.4 million, or $0.09 per share, for the third quarter of 2015 and net income attributable to the Company of $65.9 million, or $0.42 per share, for the nine months ended September 30, 2015.

Concordia Maritime Charters MR Tanker

Concordia Maritime has signed a contract for the charter of an IMO2/3 class MR tanker, the company announced today. The vessel will be chartered jointly with Stena Weco, and Concordia Maritime's share amounts to 50 percent. The contract, which comes into effect at the end of November 2015

Windrock Names Kelleher Global Business Development Manager

Edward P. Kelleher, Global Business Development Manager – Diesel

Edward P. Kelleher will be assuming the new role of Global Business Development Manager – Diesel, effective December 1st.   In this role, Mr. Kelleher will be leading the effort in developing a global distribution network, growing the Windrock Inc business in the marine industry and

BIMCO Signs New LNG And Shipbuilding Supervision Contracts

BIMCO Headquarters. Photo by  BIMCO

 The twice yearly meeting of BIMCO’s Documentary Committee took place in Hamburg on 19 November. In his first meeting as Chairperson of the Committee, Belgium’s Francis Sarre presided over the adoption of several new contracts and clauses and an update of BIMCO’s extensive

GasLog Posts Good Results

Photo: GasLog Partners LP.

 GasLog Partners LP, an international owner and operator of liquefied natural gas (LNG) carriers,  increased quarterly cash distribution by 10% to $0.478 per unit for the third quarter of 2015, equivalent to $1.912 per unit on an annual basis.  

China Shipping 21,000 teu Order for SWS

Image: China Shipping Group

 China Shipping Group's CSCL has agreed a deal to bareboat charter up to 11 units of 21,000 teu containerships, of which five will be options exercisable after six months of charter for the first six ships, says local media reports.  

Seaspan Reports Strong Revenue Growth

Photo: Seaspan Corporation

 Seaspan Corporation, a large owner of containerships that charters vessels to liner companies, improved its revenue as well as net result in the first nine months of 2015, a development mainly attributed to new ships delivered this year, notes management.  

GSL in the Red

Image: Global Ship Lease

Global Ship Lease (GSL) has reported negative result for the third quarter of the year mainly due to impairment charges related to two vessels.   Company reported revenue of $42.18 million. The estimated revenue was of $39.92 million. Earnings per share were $0.08

Diana Shipping Continues Charter with RWE

m/v Maia (Photo: Diana Shipping)

Diana Shipping Inc., a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has agreed to extend the present time charter contract with RWE Supply & Trading GmbH, Essen, Germany

Seaspan Announces Senior Management Changes

  Seaspan Corporation announced that Sai Chu, Chief Financial Officer, has informed of his resignation and retirement from Seaspan effective November 6, 2015, after more than 10 years' of service with Seaspan and related entities. Gerry Wang, Chief Executive Officer

NYK and Astomos Conclude Time-charter Contract for 12th VLGC

NYK gas carrier. Pic by NYK Line

 Nippon Yusen Kaisha (NYK)  concluded a time-charter contract for a new VLGC (very large gas carrier) with Astomos Energy Corporation, the world's pre-eminent liquefied petroleum gas (LPG) company.    The new VLGC will be built by Mitsubishi Heavy Industries Shipbuilding Co

Diana Shipping Nets $ 17.4 mln 3Q Loss

Courtesy Diana Shipping

  Diana Shipping Inc. today reported a net loss of $17.4 million and net loss attributed to common stockholders of $18.8 million for the third quarter of 2015, compared to net income of $7.7 million and net income attributed to common stockholders of $6

SFL Sells 1998-built Suezmax Tanker

Mindanao (Photo: SFL)

Ship Finance International Limited (SFL) has agreed to sell the 1998-built Suezmax tanker Mindanao to an undisclosed unrelated third party, simultaneously terminating the corresponding charter party for the 17-year old crude oil carrier with a subsidiary of Frontline Ltd.  

J. Lauritzen: No Dry Cargo Recovery

Photo by J. Lauritzen A/S

“The dry cargo markets have shown no signs of recovery during Q3. A lack of demand growth in combination with deliveries of new tonnage will make this the reality of the market for an extended period. Our Q3 result in dry cargo is as expected and a reflection of these market conditions

Liberian Registry Appoints London GM

Kostas Ladas (Photo: Liberian Registry)

The Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry, has appointed Kostas Ladas as general manager of its London office. Ladas joins LISCR from London-based ship and insurance broker and agent Victoria Steamship Co. Ltd

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