Lloyd’s Register has entered into an agreement with Teekay Shipping Corporation to class 11 of its Aframax tankers. In addition, Teekay has chosen Lloyd’s Register to class two of its Aframax newbuildings to be built at Daewoo Shipbuilding & Marine Engineering Co. Ltd in South Korea. These vessels are scheduled for delivery in 2004. Commenting on this new agreement, Alan Gavin, Marine Director at Lloyd’s Register said: “After a short absence, Lloyd’s Register is delighted to have re-established its relationship with Teekay. We look forward to working closely with Teekay in the future to meet their classification and statutory certification needs.”
Aegean Marine Petroleum Network Inc. (NYSE: ANW) announced that it has taken delivery of the Tilos, a 5,500 dwt double-hull bunkering tanker newbuild from Qingdao Hyundai Shipyard in China. The vessel is being deployed to Singapore to support the company's existing bunkering operations in this market. E. Nikolas Tavlarios, President, commented, "We are pleased to take delivery of the Tilos. In deploying this new double-hull vessel to Singapore
The Bollinger built 35,000 BBL tank barge B. No 231 sails past the Verrazano-Narrows Bridge entering New York Harbor as the latest addition to the growing OPAâ€™90 compliant fleet of Bouchard TransportationBollinger Marine Fabricators, L.L.C., Amelia, La., a Bollinger Shipyards, Inc. company, has delivered B. No. 231, the first of two double hull, 35,000 barrel (BBL) oil tank barge units built to meet the requirements of the Oil Pollution Act of 1990 (OPAâ€™90), to Bouchard Ocean Services
IHC Merwede and BAE Systems will enter into a cooperation agreement to meet the demands of the offshore construction vessel market in the USA. This cooperation enables IHC Merwede to enter new markets, which is in line with the company’s internationalization strategy. The partnership also allows BAE Systems to increase vessel new construction in its commercially focused shipyards. According to the agreement, IHC Merwede, as a main contractor
Intelsat S.A has introduced the Intelsat EpicNG satellite platform, a new series of satellites based upon a high performance, open architecture design. Intelsat EpicNG will be deployed for wireless and fixed telecommunications, enterprise, mobility, video and government applications requiring broadband infrastructure across the major continents. The Intelsat EpicNG platform is an innovative approach to satellite and network architecture utilizing multiple frequency bands
Greece headquartered Aegean Marine Petroleum Network Inc. announce financial and operating results for the second quarter ended June 30, 2013. Second Quarter Highlights Sales volumes of 2,693,151 metric tons. Gross profit of $69.5 million. Operating income of $12.7 million. Operating income adjusted for the sale of non-core assets was $13.2 million. Net income attributable to Aegean shareholders of $5.5 million or $0.12 basic and diluted earnings per share.
Cunard Line will name its new 85,000-ton cruise ship Queen Victoria, in dedication to the British cruise market. The new ship, which is scheduled to enter service in 2005, will be the second largest Cunard ship carrying 1,968 passengers. Together with the current flagship, Queen Elizabeth 2, and Queen Mary 2, the Cunard fleet will include three Queens for the first time. Currently being built at Italy’s Fincantieri shipyard
Italian classification society RINA has reported strong growth for its 2001 financial year. The consolidated revenues of the group were almost $94 million, up ten percent from last year's Euro 85.2 m. The pre tax operating margin was Euro 8.0 m, equivalent to 8.5 percent of the total revenues. Net profit after extraordinary expenses and investment in research and development and information technology was Euro 1.5 m.
The construction of a sea lock in the Port of Antwerp in Belgium will be partly funded via the TEN-T Program. The project will receive €5 million in contribution to ensure that one of the bottlenecks currently restricting capacity at the port is removed. The aim of the project, which was selected for funding under the 2011 TEN-T Annual Call, is to build a sea lock in the Port of Antwerp, one of northern Europe’s busiest ports
New logistics center aims to speed delivery times across North America Volvo Penta announced the opening of the new Volvo Group Central Parts Distribution Center in Byhalia, Mississippi, in a move to optimize delivery performance and efficiency for dealers and OEM customers in North America. As the anchor tenant of a new industrial park, the one million square-foot state-of-the-art Volvo Group facility will support Volvo Penta recreational marine
TMS Cardiff Gas Ltd. has signed a contract with Hyundai Heavy Industries of Korea for the construction of two 78,700 cbm LPG carriers with the option to build another two. The vessels are scheduled for delivery in Q2 and Q3 2017, when they will enter into time charter contracts with Shell
Under new maritime laws all vessels and boats using Fiji waters have to abide by the rules and regulations under the Marine Transport Decree, reports FBC Maritime Safety Authority of Fiji (MSAF) will issue with an infringement notice to any vessel or boat that is not registered with
Adani Ports has entered into a non-binding Memorandum of Understanding with L&T Shipbuilding Limited (L&T) for evaluating the operations of the port at Kattupalli, Tamil Nadu, with effect from October 1, 2015 for a period of one month.
United Arab Shipping Company (UASC) has confirmed that its reefer business will continue to expand. Following several initiatives including investment in new reefer units, and a cooperation agreement with Hamburg Süd opening up new services to South America
Dry bulk shipper Seanergy Maritime Holdings Corp. announced its financial results for the second quarter and six months ended June 30, 2015. For the three months ended June 30, 2015, the company generated net revenues of $1.8 million. Total equity as of June 30, 2015 was $9.4 million.
The International Court of Justice said on Thursday it will continue to hear a case brought by Bolivia against Chile seeking to force its neighbour to enter negotiations to grant Bolivia unfettered access to the Pacific Ocean. Chile had asked the court, also known as the World Court
Norwegian operator Umoe Mandal has purchased six External Panorama Pantograph heavy duty windscreen wipers from U.K. based DuroWipers to equip a newbuild Surface Effect Ship (SES). Statkraft has entered into an initial six month charter agreement for the new WaveCraft vessel to transport
Southwest Shipyard awarded contract to build new generation of EBDG-designed ferries for Port Aransas, Texas Southwest Shipyard of Houston, partner of Elliott Bay Design Group (EBDG), has been selected by the Texas Department of Transportation (TxDOT) to build the third vessel in a new
To optimize vessel’s engine performance and efficiency, LUKOIL Marine Lubricants has developed the iCOlube system, which had its U.K. official launch on September 8, 2015 in London. According to LUKOIL, the iCOlube cylinder oil lubrication unit tailors the alkalinity reserve to
Danaos Corporation announced today the acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market. The vessels were acquired by Gemini Shipholdings Corporation, a newly-formed entity ("Gemini") beneficially
ClassNK issues Hong Kong Convention Statements of Compliance to two ship recycling facilities in India Two ship recycling facilities in Gujarat, India, R. L. Kalthia Ship Breaking Pvt. Ltd. and Priya Blue Industries Pvt. Ltd., have received Statements of Compliance (SoC) from
Seaspan bulks up investment in BC’s marine sector, celebrates addition of fourth new barge in the past 10 months Seaspan Marine unveiled the newest addition to its marine fleet, a 16,000-metric-ton barge named Seaspan 252, during an official commissioning ceremony at Seaspan’s
Teekay Corporation announced today it has entered into a framework cooperation agreement with the Export-Import Bank of China (CEXIM) for up to $1 billion in new loan facilities. The loan facilities would be made available to Teekay and its subsidiaries
Shipping firm Stolt-Nielsen reported third-quarter earnings below forecast on Thursday and said it remained worried by the expected influx of new product tankers in 2016 and 2017. Stolt-Nielsen's June-August operating profit rose to $59.8 million from $45
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