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Gill Nets

Alaskan Stabicraft Fleet Covers 18,000 Nautical Miles

659 Wheelhouse Fleet

The fleet of nine Stabicraft 659 Wheelhouse vessels delivered to Alaska at the beginning of the year have just completed their first 6 months of service. The vessel orders came at a special request from Saltwater Inc, a private organization that gathers data on wild life and fish stocks for the Alaskan Department of Fish and Game and by the National Marine Fisheries Service. The boats were sent to the US in semi assembled form from Stabicraft Marine’s Invercargill factory in New Zealand, where once in the US, went through final assembly and fit out before being launched in May. Saltwater Inc have been using the vessels this past northern hemisphere summer as observation boats to monitor the gill net fishery and the fishery’s interaction with sea mammals and sea birds. Saltwater Inc Vessel Manager, Chris Denker says that since launch the boats and their two man crews have been running consistently at least 4 days a week and have covered around 2000 nautical miles each. “In the Alaskan fishery, fishing begins at 12:00pm on Sundays. On a perfect weather day, crews can depart around 09:30 for the roughly 2-hour transit to the fishing grounds. At around 20 knots, the vessels are covering a lot of ground on a daily basis,” says Denker. Daily operational duties include transiting 40 to 45 nautical miles to active fishing grounds, working in close proximity to fishing vessels


Burger Boat Delivers R/V Arcticus

R/V Arcticus (Photo courtesy of Burger Boat Company)

Burger Boat Company delivered the R/V Arcticus, a 78-foot research vessel for the United States Geological Survey (USGS), on Friday, October 17, 2014. The Arcticus replaces the 38-year-old R/V Grayling and brings the USGS Great Lakes Science Center (GLSC) large vessel fleet up-to-date. The Arcticus will be stationed at the USGS base in Cheboygan, Michigan and incorporates modern marine standards and state-of-the-art technology to more safely and effectively conduct fisheries research.


Sunken B.C. Ferry Report to be Released September

The Transportation Safety Board hopes to have its final report on the sinking of the B.C. Ferries vessel Queen of the North ready by September, the National Union of Public and General Employees reported. Officials with the board are apparently anxious to establish a faster standard for issuing major reports by getting this one out within six months rather than waiting a year or longer to complete its work, as has often happened in the past


Earnings Down for Most Oil Companies

Many oil companies reported a decrease in net income for the second quarter, compared to the previous year's results, although - in most cases - the second quarter still outperformed the first. While the decreases ranged in percentage, only a few companies' results were virtually unchanged from the previous year's performance. However, higher crude oil prices resulted in many companies' exploration and production net income actually increasing over the previous year.


WESMAR to Introduce New Trawl Systems

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WESMAR (Western Marine Electronics) announced today they will introduce two new trawl systems and five new sled options at Pacific Marine Expo in Seattle November 20-22 at Century Link Field Event Center. The TCS785 and TCS 385 trawl systems, with sled options, will be on display in Booth 933 along with WESMAR’s line of hull mounted sonar and commercial bow thrusters.  Rolling out its largest group of trawl sonar options in its 50-year history


Diana Containerships Post Q4 2013 Loss But Pays Dividend

Image courtesy of Diana Containerships

Greece-based container ship owners, Diana Containerships Inc. in financial results for the Fourth Quarter and Year Ended December 31, 2013 report a net loss of $19.8 million for the fourth quarter of 2013, compared to net income of $0.3 million for the respective period of 2012. The Company explains that the loss for the fourth quarter was mainly the result of $9.7 million of impairment charges for the vessel Sardonyx


International Shipholding Reports Fourth Quarter Results

International Shipholding Corporation reported results for the year and quarter ended December 31, 2001. Net loss for the fourth quarter was $1.5 million as compared to net income of $775,000 for the fourth quarter of 2000. For the year ended December 31, 2001, the Company reported a net loss of $64.4 million as compared to net income of $836,000 during the year ended December 31, 2000. The annual results for 2001 reflect a previously reported asset write-down on "Assets


CP Ships to Restate Previous Finance Results

Further to its August 5 announcement that the release of its second quarter 2004 financial results has been rescheduled to 16th August, CP Ships Limited announced today that in conjunction with the release of second quarter 2004 results it will restate previously reported financial results. As announced in May, CP Ships began implementing a new SAP financial accounting system in January. The implementation has revealed some


Hawaii Ship Repairers Fined $700,000

The U.S. Environmental Protection Agency and the Hawaii State Department of Health settle with Marisco Ltd for pollution offences. The violations took place at Marisco's ship repair and drydock facilities at Kalaeloa Barbers Point Harbor on Oahu. This is the largest Clean Water Act civil penalty against a ship repair facility nationwide.
 The settlement, a consent decree, was lodged with the U.S. District Court for the District of Hawaii and is subject to a 30-day public comment period and


Stealthgas Reports 2Q Results

Stealthgas Inc., a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for the quarter and six months ended June 30, 2007. For the quarter ended June 30, 2007, net revenues amounted to $19.9m and net income was $5.7m an increase of $2.7m or 15.7% and an increase of $1.1m or 23.9 percent respectively from net revenues of $17.2m and net income of $4


Stolt-Nielsen's Results Show Bright Future

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  Stolt-Nielsen Limited today reported unaudited results for the second quarter ended May 31, 2015. Net profit attributable to shareholders in the second quarter was $42.5 million, with revenue of $500.7 million, compared with a net profit of $38.7 million, with revenue of $487


ShipServ opens Singapore office

Sharon Gill, VP of Sales, Singapore

  ShipServ, the leading marine and offshore marketplace with an expected annual trade of $3bn in 2015, has cemented its position in Asia with the opening of a new office in Singapore. The office will be managed by ShipServ’s VP of Sales Sharon Gill and will be open for business from


Geo-Fencing on the Waterfront

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Floscan Instrument Company’s fuel monitoring and measurement tool eliminates reporting hassles but provides much, much more for inland operators. FloScan Instrument Company has been in the fuel monitoring and measurement game for a long time


Trelleborg Steps Into Canadian Market

Photo: Trelleborg

Trelleborg’s offshore and marine systems operations will, for the first time, showcase a number of its latest product developments at the Atlantic Canada Petroleum Show (ACPS), Newfoundland, later this month. These include thermal insulation, over bend and fire deluge systems


Cosco Bags Research Ship Order

Photo credit: Cosco (Guangdong) Shipyard

 Cosco (Guangdong) Shipyard secured a contract worth over 129 million yuan ($20.8m) to build one research vessel, to be delivered in the fourth quarter of 2017.   The contract will become effective upon the receipt of letter of guarantee from the shipyard's bank.   


Diver Pleads Guilty to Fraud Involving Historic Cannons

Vincent Woolsgrove with one of the Dutch cannons (Photo: Maritime and Coastguard Agency)

 A commercial diver has pleaded guilty at Southampton Crown Court to a fraud offence in excess of £46,000 following a two year investigation by the U.K. Maritime & Coastguard Agency (MCA).   The diver, Vincent Woolsgrove of Ramsgate, Kent


Insights: Capt. Novotny, Commanding Officer, USCG National Maritime Center

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Captain Jeffrey P. Novotny is Commanding Officer of the U.S. Coast Guard’s National Maritime Center in Martinsburg, WV. He is responsible for all activities related to professional credentialing, training and assessments of the nation’s 215,000 merchant mariners


SENER Group Reports Continued Growth

HMS Queen Elizabeth afloat, developed with SENER’s FORAN System (©BAE Systems)

Turnover increased by 8 percent to reach 1.315 billion Euros, with net profit rising by 66 percent to reach 57.8 million Euros.   The engineering and technology group SENER ended 2014 with a turnover of 1,315.7 billion Euros; an increase of 8.02 percent over the previous year


Ocean Rig UDW Announces Closing

DryShips Inc. is a a Marshall Islands registered company

  DryShips Inc. a global provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc. of offshore deepwater drilling services, announced today that  Ocean Rig closed the previously announced offering of 28,571


Cargo Ship Crewman Medevaced Off US West Coast

A USCG aircrew medevaced a crewmember from the Horizon Tacoma near Port Townsend, Wash. (Screenshot of USCG video courtesy of Air Station Port Angeles

A crewmember aboard containership Horizon Tacoma was medevaced by a U.S. Coast Guard (USCG) aircrew near Port Townsend, Wash., Saturday.   An MH-65 Dolphin helicopter crew from Air Station Port Angeles hoisted the man and transported him to Harborview Medical Center in Seattle after the


SeaHow’s New Generation Skimmer System

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New SeaHow skimmer systems can be implemented to almost any work boat over 6m in length. Skimmers are designed to collect both light and heavy oils efficiently. These features provide totally new operational efficiencies especially for near shore and coastal oil spill response


Otto Marine Redeems Preference Shares, Cuts Staff

Image: Otto Marine Limited

 Singapore-listed Otto Marine Limited said one of its subsidiaries – GO Marine Investments Pte Ltd –  had fully redeemed preference shares from a Singapore private equity firm for S$12 million in cash.   “The above transaction is not expected to have any material


UOC Invests $10 Mln in Vallianz

Pic: Vallianz Holdings Limited

 Singapore-listed Vallianz Holdings Limited, that provides offshore support vessels and integrated marine solutions to the oil and gas industry, has received an investment of $10 million from institutional investor fund United Orient Capital Pte Ltd (UOC).  


GE Takes Delivery of New Vessel

Pic: Great Eastern Shipping Company Ltd

 The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of its new building Kamsarmax dry bulk carrier "Jag Arnav".    The vessel of about 81,600 dwt was built at Tsuneishi Heavy Industries (Cebu) Inc., Philippines.  


SFL Sells its Holding in Horizon Lines

Photo: Horizon Lines

Ship Finance International Limited (SFL) has sold its holding of notes and warrants in Horizon Lines, Inc. for net cash proceeds of approximately $72 million.   In April 2012, Ship Finance received $40 million of Horizon Lines second-lien notes and 9






 
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