The Daily Press has reported that MarAd is scheduled to tow away another obsolete ship from the James River Reserve Fleet, which sits off the coast of Newport News, Va. The Saugatuck is a former Navy oil refueling vessel built in 1942. It's the 52nd ship to leave the fleet since 2001. Bay Bridge Enterprises in Chesapeake will dismantle the ship. Source: Daily Press
Two more ships are leaving the James River, headed for disposal facilities in Virginia and Maryland, in what has become a regular occurrence since the Bush Administration took over management of the nation’s ship disposal program five years ago, the U.S. Maritime Administration announced. The Howard W. Gilmore is scheduled to leave the James River Reserve Fleet at Fort Eustis on Thursday, making it the 50th ship to leave the river since January 1, 2001
The U.S. Maritime Administration (MARAD) today announced a contract award for the disposal of obsolete ships in the James River Reserve Fleet. Post-Service Remediation Partners (PRP) of New York will be awarded a payment of $14.8 million to remove a total of 15 ships from the James River Reserve Fleet. This is the largest removal of obsolete ships in a single year from the National Defense Reserve Fleet since 1993. "As stewards of the environment
The U.S. Maritime Administration (MarAd) says World War II-era ships are safe to move from Suisun Bay, Calif., to Texas scrap yards, a report said. The U.S. Department of Transportation six years ago found the 77 ghost ship at Walnut Creek, Calif., 'an immediate environmental threat.' However, acting Maritime Administration Director Julie Nelson last week insisted the ships are safe enough to move. Nelson`s visit was in response to a request by Knight Ridder reporters who were refused
The government may bring an end to the Ghost Ships by recalling them, reports the Northern Echo. Reclamation company Able UK has been battling for more than three years to carry out an 11m deal to scrap 13 former US Navy ships at its site on Teesside. Now MarAd has temporarily halted its ship-scrapping program and ordered a review of the Able UK contract. Source: Northern Echo
The scrapping of so-called ghost ships on Teesside looks likely to go ahead, reported the BBC. Able U.K. won a contract with the U.S. government to dismantle up to 13 vessels at its Hartlepool yard, and four ships arrived in late 2003. But delays caused by environmental and planning concerns prevented any work. Hartlepool Council has now removed the final hurdle, by admitting it can no longer block planning permission.
Global newswires are flooded with reports that an abandoned cruise vessel, Russian-registered Lyubov Orlova, dubbed the “rat-infested ghost ship,” is nearing the western shores of Europe after being set adrift early last year. The vessel has reportedly been drifting in the Atlantic Ocean since it was cut free while in tow from Canada to the Dominican Republic almost a year ago among problems with scrapping arrangements.
The Swedish Defence Materiel Administration (FMV) has awarded contracts worth Skr8.6bn ($1.03bn) to Saab AB for the construction of two new Type A26 submarines and a mid-life upgrade for two Gotland-class submarines. Work on the two A26s is to be completed by 2024. Type A26 submarines are nearly 207 feet in length, 21 feet in the beam and have an endurance of 45 days or 18 days underwater. They have a test depth of about 658 feet.
Since ancient times, maritime trade has been a backbone of Greece’s economy with shipping playing the dominant role. Today, it is the second largest contributor to the national economy after tourism. It is the country’s geography with a coastline almost that of the U.S. (including Alaska) in length together with the mountainous nature of the landmass with 85% of Greek population living within 30 miles of the sea
A tale of survival could best describe John S. Burnett's experience onboard his sloop Unicorn in January 1992. Sailing solo across the South China Sea to Singapore - one of the busiest shipping lanes in the world - Burnett was attacked by pirates. However, with luck on his side, Burnett, who is a journalist and professional seaman, survived. Following this harrowing experience, Burnett was prompted to investigate further the world of modern-day piracy - world that is as shocking as it is
Announcing its financial results today for the three and six months ended June 30, 2016 Gener8 Maritime, Inc. reported net income of $38.0 million, or $0.46 basic and diluted earnings per share, for the three months ended June 30, 2016, a 91% increase compared to $19
Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, according to the latest edition of the LNG Forecaster report published by global
The financial results of Greece-based Dynagas LNG Partners LP (DLNG) for Q2 beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share. It has profit of 43 cents per share
The Athens, Greece-based Safe Bulkers Inc. (SB) has reported a loss of $9 million in its second quarter. It had a loss of 15 cents per share. Net revenue for Q2 of 2016 decreased by 18% to $26.2 million from $31.8 million during same period in 2015.
Navios Maritime Midstream Partners LP (NAP) has reported second-quarter earnings of $5.9 million. It says revenue for three month period ended June 30, 2016 increased by $4.3 million to $22.7 million. The company said it had net income of 28 cents per share
Robert Allan Ltd. and Sanmar Denizcilik A.S. have reached a milestone in their ongoing relationship: scheduled to be launched later this year, a RAstar 2800 will mark the 150th tug that Sanmar has built to a Robert Allan Ltd. design.
Radio Holland, a global NavCom and service company in the maritime industry, said it has concluded a maintenance and remote monitoring agreement with The China Navigation Company (CNCo) for 35 vessels. Radio Holland already provides CNCo’s newbuild
PAO Sovcomflot earned the Green Environmental Achievement Award from California's Port of Long Beach, recognizing the shipper for its ongoing commitment to environmental stewardship. The company was awarded for its fleet performance by the Port of Long Beach Green Flag Program in 2015
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 47.2 percent increase in second-quarter net profit on Tuesday. The company's net profit for the three months to June 30 was 504.18 million riyals ($134.44 million), up from 342
Fleet Xpress will deliver data intelligence to drive smarter and greener shipping operations 26 July 2016: Inmarsat (LSE:ISAT.L), the leading provider of global mobile satellite communications services, has announced that its partner JSAT MOBILE Communications has signed an agreement with
In early June, after a traditional blessing ceremony held in Valparaiso, Chile where SAAM S.A. is based, the company officially puts two more new Robert Allan Ltd. designed RAstar 3200 class tugs Yunco and Huairavo tugs into operation. Representatives of local authorities, the Chilean Navy
MTS Statum completes marine towage of barge carrying Boeing 767 from Shannon Airport Marine service provider Marine and Towage Services Group Ltd. (MTS) has completed a charter to deliver a Boeing 767 from Shannon Airport to its new home at the Quirky Glamping site in Enniscrone
MSC Mediterranean Shipping Company has reached an agreement to back French start-up TRAXENS, a developer of cargo logistics solutions and creator of a container monitoring and coordination system. Founded in 2012 and already backed by CMA CGM
The supply of ships into the fleet is a key determinant of vessel earnings across the shipping sectors, and world fleet growth is closely followed by everyone in the maritime industry, says Clarksons Research. In recent years the overall pace of growth of the world fleet appears to
Tsakos Columbia Shipmanagement (“TCM”) S.A. has strengthened its collaboration with Seagull Maritime AS to bring its in-house ‘Tanker Competence and Promotion Management System’ (TCPMS) to its fleet of fifty-five tanker vessels through Seagull’s Competence Manager.