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Imtech Renews VSAT Connectivity Contract With Algoma

Photo courtesy of Imtech Marine

Canadian shipping company Algoma Central Corporation has renewed and upgraded its VSAT Connectivity contract with technology solutions provider Imtech Marine. The agreement now provides VSAT satellite coverage and airtime Connectivity to 34 vessels which are owned or managed by Algoma. Algoma Central Corporation owns and operates the largest Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes - St. Lawrence Waterway, including 18 self-unloading dry-bulk carriers, seven gearless dry bulk carriers and seven product tankers. Algoma also has interests in ocean dry-bulk and product tanker vessels operating in international markets. Algoma provides ship management services for other ship owners and owns a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada. In addition, Algoma owns and manages commercial real estate properties in Sault Ste. Marie, St. Catharines and Waterloo, Ontario. For the past six years the shipping company had a VSAT Connectivity package together with two other Great Lakes operators, American Steamship Company and CSL. But Algoma decided that it would like an independent VSAT Connectivity package.   Private network & increased bandwidth Peter Winkley, Algoma Central Corporation Vice President, Finance and CFO


Lloyd's Register: Statutory Alert

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Statutory alert: Design, testing and location of devices to prevent the passage of flame into cargo tanks in tankers. Applicabilty: Builders, owners and managers of tankers carrying IBC Code Chapter 17 and 18 products. New requirements for the design, testing and location of devices to prevent the passage of flame into cargo tanks in tankers will come into force on January 1, 2013. These apply to both new and existing tankers and will require that devices are tested to ensure that the


Kinder Morgan to Purchase Terminal Assets at Port of Vancouver

Kinder Morgan Energy Partners, L.P. announced it has entered into an agreement to purchase and operate Vancouver Wharves, a bulk marine terminal, from British Columbia Railway Company, a crown corporation owned by the Province of British Columbia. The Vancouver Wharves facility, located at the entrance to the Port of Vancouver, consists of five vessel berths situated on a 139-acre site. The terminal assets include significant rail


TOP Ships Shares Fall Below NASDAQ Par

Greek-based shipowners TOP Ships Inc. announces receipt of Nasdaq notice. TOP SHIPS Inc. is engaged in the worldwide transportation of liquid and petroleum cargoes as well as dry bulk cargoes through the ownership of a fleet of 6 tankers and 1 dry bulk carrier. TOP Ships Inc. announce  that it has received written notification from the Nasdaq Stock Market ("Nasdaq"), indicating that because the market value of the Company's publicly held shares for the previous 30


MN 100: Kirby Inland Marine

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55 Waugh Dr, #1000 Houston, TX 77007 Tel: (713) 435-1000   Email: customerservicerep.klm@kirbycorp.com Website: www.kirbycorp.com President: William G. Ivey The Company: Kirby Corporation is a premier tank barge operator in the United States, transporting bulk liquid products throughout the Mississippi River System, on the Gulf Intracoastal Waterway, along all three U.S. Coasts, and in Alaska and Hawaii


Port of Antwerp Throughput up 4.3%

Antwerp port

  The port of Antwerp handled 199,012,082 tonnes of freight in 2014, a rise of 4.3% compared with the previous year. The new record that was already announced at the end of December is put into sharper focus by these figures. The record growth has been driven by the volume of containers (up 5.9%) and liquid bulk (up 5.6%). Negative performance was turned in by conventional breakbulk (down 2.0%) and dry bulk (down 6.1%). Containers and breakbulk


Bulk Carrier into Unithai for Fix

The largest ship currently under repair at Thailand’s Unithai Shipyard is the 140,532 dwt bulk carrier Eurydice D, owned by Marmaras. Other ships in the yard include the 35,224 dwt bulk carrier Maris, owned by Trust Shipping Enterprise, Piraeus, the 22,857 dwt part containership Med Lerici, owned by B Navi, World CI’s 3,043 dwt lpg vessel Gas Eurasia, the 22,531 dwt general cargo vessel Everise Glory, owned by Everise Maritime, Kuala Lumpur, and Baba Kaiun’s 10


China COSCO Shipyards Deliver Two More Bulk Carriers

COSCO (Guangdong) and COSCO (Dalian) Shipyards have each recently delivered bulk carriers to European owners. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 35000 dwt, “CHIOS LUCK”, to its European buyer. The bulk carrier measures 179.99 meters in LOA, 30 meters in breadth and 14.7 meters in depth. COSCO (Dalian) Shipyard Co., Ltd has delivered a bulk carrier of 92500 dwt, “OCEAN TOPAZ”, to its European buyer. The bulk carrier measures 229


Containers, Cruises Help Boost Marseilles Fos

Photo: Marseilles Fos

Container throughput at French port Marseilles Fos reached 876,711 teu for the period January to September, an increase of 6% on the first nine months last year. The performance - driven by a 9% rise at the Fos 2XL deep sea terminals - was two points better than the trend at other French ports, the port authority said. Container tonnage contributed 8.5 million metric tons to the general cargo total of 13.3MT, with the balance coming from 2


Jawaharlal Nehru Port Aims High

Courtesy: Jawaharlal Nehru Port

India’s largest container port, the Jawaharlal Nehru Port (JNPT), said it aims to grow as one of the top 10 global container ports in the next five years.   After announcing his 'Make in India' vision plan, the Prime Minister Narendra Modi's first port of call was JNPT, the biggest port for handling container traffic in the country.   The foundation stone for the first leg of the $800 million multi-product Special Economic Zone SEZ project was laid on August 16


Drewry Expects Dry Bulk Shipping Recovery in 2017

Graph: Drewry Dry Bulk Forecaster

 Despite a modest recovery in earnings anticipated over the next two years, the dry bulk shipping market is not expected to return to profitability until 2017, says the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry.  


Hamburg’s Seaborne Cargo Throughput Up in Q1

Photo: Port of Hamburg, © Glaubitt

The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.3 percent) and container transport between the port and its hinterland at 602,000 TEU (up by 11


U.S. Coast Guard Holds Carrier for Violations

Image: U.S. Coast Guard

The U.S. Coast Guard detained the Ikan Sudip, a Panamanian-flagged 600-foot bulk carrier, after discovering significant environmental and safety violations during an inspection in Astoria.   The violations included a failure to use engineering procedures required by U.S


CSD, Cosco JV to Buy Vale's Bulk Carriers

Ma Zehua (Chairman of Cosco Group),  Xu Lirong (Chairman of China Shipping Group) Murilo Ferreira (President&CEO of Vale) and Gurinder Singh(Director of Shipping & Distribution of Vale) attended the Signing Ceremony and signed the agreement on behalf of each party. Photo by Cosco

 China Shipping Development (CSD) and Cosco have established a joint venture (JV), China Ore Shipping Pte., in Singapore to purchase four 400,000 dwt ore carriers from Vale and operate them.   CSD and Cosco’s bulk shipping division Cosco Bulk Shipping holds 49% and 51% equity


USCG Monitors LNG Carrier Repair in Alaska

The U.S. Coast Guard (USCG) is monitoring repairs aboard the liquid natural gas (LNG) carrier Excel in Homer, Alaska.    The vessel was received an order from Coast Guard Sector Anchorage to remain anchored in Kachemak Bay near Homer after the 908-foot


Recent Vessel Sales: April 2015

Vessel sales for April 2015 - (as of May 1) as prepared by Shipping Intelligence, Inc., New York.   Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD   Bulk Carriers 4/14 - CENTURY PEARL - 16,383 - 08 - (7) - $6.8


Cosco Corp Profit Down

Image: Cosco Group

 Cosco Corporation (Singapore) Limited, offshore marine engineering, shipbuilding, ship repair & conversion and dry bulk shipping group, has posted a net profit of SGD4.25 million (USD3.19 million), down 82% year-on-year for the first quarter that ended 31 March 2015.  


Diana Shipping fixes Post-Panamax

mv  ALCMENE

  Diana Shipping Inc. announced today that through a separate wholly owned subsidiary, it entered into a time charter contract with ADM International Sarl, Rolle, Switzerland, for one of its Post-Panamax dry bulk vessels, the m/v Alcmene


Dry Bulk Shipping to Stay Low

Image by China COSCO Bulk Shipping (Group) Co., Ltd

 Goldman Sachs can't see an end to the dry cargo downturn until at least 2020 on a glut of vessels and stalling cargo growth, says a report in Bloomberg.   Overcapacity and low fuel prices are bound to keep low dry bulk shipping freight rates for the rest of the decade or even longer.


Diana JV with WSM

Aliki Vessel. Photo by Diana Shipping Inc

 Dry bulk shipping company Diana Shipping and Wilhelmsen Ship Management (WSM) have joined forces in a new 50/50 joint venture named Diana Wilhelmsen Management Limited (DWM).   DWM, to be based in Limassol, Cyprus, and will commence operations by the end of June


Busiest Capesize Demolition Market Ever

Peter Sand, Chief Shipping Analyst, BIMCO

  The activity on the demolition market is off to a good start in 2015 when looking at dry bulk tonnage, according to international shipping association Baltic and International Maritime Council (BIMCO).   The dry bulk market has long suffered from weak freight rates stemming


DryShips Loss $59.2mln in Q1

Ocean Rig Corcovado and Ocean Rig Olympia naming ceremony at Samsung Heavy Industries. Photo by DryShips Inc

 The Athens, Greece-based DryShips Inc. (DRYS) has reported a loss of $59.2 million in its first quarter. DryShips is an owner of dry bulk carriers and tankers that operate worldwide.   The company said it had a loss of 9 cents on a per-share basis


Cosco Scraps Four Vessels

Pic: China COSCO Holdings

 China COSCO Holdings disassembled four vessels including two container vessels and two bulk carriers in April 2015, with the aggregate capacity of 261.8 thousand deadweight tons.   The company realized losses from the disassembly of the vessels of approximately RMB59 million


SINOPACIFIC Christens Newbuild Bulker

Photo: SINOPACIFIC

SINOPACIFIC Shipbuilding Group held a christening ceremony today at its Dayang Shipyard for a newly built Ultramax CROWN63R.   As the Godmother, Madam Grace Yang, the wife of former Chinese Ambassador to Greece christened this new vessel as SINICA GRAECA


United Heavy Lift's Maiden Call to India

Heavy Lift carrier Mv Lena J called Mumbai and Kandla ports to discharge & load project cargoes

  United Heavy Lift GmBH& Co. KG, Germany commenced operations on 1st April, this year. Lars Rolner, the former owner and Managing Director of SAL established United Heavy Lift this February in Hamburg. They are agents to a fleet of currently 18 HLVs with a lifting capacity ranging






 
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