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Enters New

Lloyd’s Register and Teekay Enter New Agreement

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 Gets New Bunkering Tanker

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


Bollinger Delivers Bourchard Barge

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 OPA’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 (OPA’90), to Bouchard Ocean Services


IHC Merwede, BAE Systems Join to Service US OSV

(Courtesy IHC Merwede)

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


Bunker Suppliers, Aegean Marine, Show Healthy Q2 2013 Results

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.


Joannides to Lead Intellian's American Business

Edward Joannides Photo Intellian

Intellian has appointed industry veteran Edward Joannides to take the helm of its Americas business unit as General Manager. Joannides’ experience in both the maritime and satellite communications industries spans over 25 years. This includes time at sea as a Chief Officer working for CMA CGM, and senior shore-based posts including Fleet Manager for Northern Navigation, Director of Strategy & Business Development at Inmarsat and most recently Program Manager for SATCOM Services at


Cunard Names New Ship Queen Victoria

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


RINA Reports Strong Growth

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.


Intelsat Announces the Intelsat EpicNG Satellite Platform

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


Volvo Penta Enters New Distribution Center

Ron Huibers

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


Kongsberg, TKMS, Atlas Elektronik JV for Submarine

From left: Eirik Lie, President Kongsberg Defence Systems, Dr. Peter Feldhaus, CEO of thyssenkrupp Marine Systems and Dr. Rolf Wirtz, CEO of Atlas Elektronik. Photo: Kongsberg Gruppen

 Kongsberg, ThyssenKrupp Marine Systems GmbH(TKMS) and Atlas Elektronik enter into a comprehensive teaming agreement for submarines.   The companies join resources and establish a joint venture company in Norway that will be the international strategic and exclusive supplier of combat


Golden Ocean Acquires 16 Dry Bulk Ships

Golden Ocean Group Limited said it has entered into agreements to acquire 16 dry bulk vessels,14 of which will be acquired from subsidiaries of Quintana Shipping Ltd., and two ice class Panamax vessels will be acquired from subsidiaries of Seatankers, an affiliate of Hemen Holding Ltd


Four New Expedition Cruise Vessels Ordered

Image: SunStone Ships

SunStone Ships, Inc. and China Merchants Industry Holdings Co., Ltd. (CMIH) have signed a framework agreement for the construction of four expedition vessels with options for an additional six vessels.   The new vessels will be part of the SunStone Fleet and chartered to new and existing


ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May.


SpeedCast Offers Full Fleet Xpress Integration

SpeedCast International, a global communications and network service provider, is the first Inmarsat partner to integrate the software element of the Fleet Xpress Network Service Device (SoftNSD) into its Fleet Xpress offering.   This allows third party application providers to develop and


Portland Port, ICTSI to terminate Lease

ICTSI Oregon, Inc. and the Port of Portland have mutually agreed to terminate a 25-year lease agreement to operate the container facility at the Port’s Terminal 6. The agreement allows ICTSI Oregon to be relieved of its long-term lease obligations effective March 31, 2017


Frontline says DHT Holdings Rejects Improved Offer

Tanker firm Frontline said on Tuesday it had made a higher and final offer for rival DHT Holdings which was rejected.   Frontline said it had raised its all-share offer to 0.80 Frontline share per DHT share from an initial 0.725 but that DHT had again rejected the offer.  


Harley Marine Welcomes First US EPA Tier 4 Tractor Tug

Photo: Harley Marine Services

Harley Marine Services accepted delivery of its newest tractor tug, Earl W Redd, a first-of-its-kind workboat equipped with Caterpillar's Tier 4 emissions technology. The vessel enters the Harley fleet as one of the most efficient and environmentally conscious vessels in the world


CMA CGM Announces Rates Adjustments in China

Photo: CMA CGM

 After considering carefully recent changes in the Chinese container shipping market, CMA CGM’s senior management has decided to adjust the THC (Terminal Handling Charge) applicable to CMA CGM operations in Chinese ports (i.e. the OTHC).  


DHT Sells 18-year-old VLCC for $19.1 Mln

Crude oil tanker owner and operator DHT Holdings, Inc. said it has entered into agreement to sell the 1999-built very large crude carrier (VLCC) DHT Phoenix for $19.1 million.   The 18-year-old tanker has just completed a “highly profitable” one year time charter at $45


Grand Bahama Shipyard Starts 2017 Strong

CCL Dream (Photo: Grand Bahama Shipyard)

Grand Bahama Shipyard Limited reports an active start to 2017 for cruise ship repair, refurbishment and revitalization   Caribbean shipyard Grand Bahama Shipyard Limited (GBSL) said it will complete work on 10 cruise vessels within first quarter of 2017


CSSC, Wärtsilä Form Electrical & Automation Joint Venture

The new joint venture company agreement is signed by Yang Guobing, Chairman of CSSC Electronics Technology Co., Ltd, Ma Yunxiang, Vice chief Economist, Director of Planning and Development Department, CSSC and Stephan Kuhn, Vice President, Electrical & Automation, Wärtsilä Marine Solutions. (Photo: Wärtsilä)

Technology group Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed a new joint venture company agreement. The new joint venture, to be known as CSSC Wärtsilä Electrical & Automation Co Ltd (CWE&A)


Diana Shipping Announces Time Charter Contracts for Philadelphia

M/S Philadelphia. Photo:  Diana Shipping Inc

 Diana Shipping has announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Koch Shipping Pte. Ltd., Singapore, for one of its Newcastlemax dry bulk vessels, the m/v Philadelphia.   


Star Bulk Acquire Two Modern Kamsarmax Vessels

Photo: Star Bulk Carriers Corp.

 Star Bulk Carriers, a global shipping company focusing on the transportation of dry bulk cargoes, announced that it has entered into definitive agreements to acquire two modern Kamsarmax drybulk carriers from an unaffiliated third party for an aggregate total consideration of approximately


SKF to Double Marine Stabilizer Production Capacity

SKF increased production capacity (Photo: SKF)

In response to growing demand from the cruise liner, large ferry and exploration vessel sectors, SKF has upgraded its marine stabilizer production facilities in Hamburg, Germany. The new investments include a 130-metric-ton capacity heavy duty overhead crane






 
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