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Marco Polo

Marco Polo Seatrade Gets Bank Backing

Marco Polo Seatrade has received court approval to obtain fresh financing from Royal Bank of Scotland, one of its senior lenders. The New York Court supervising the reorganisation of  Marco Polo approved today new financing to be provided by the Royal Bank of Scotland.  This financing is being provided on a fully consensual basis and resolves the various objections that were filed to Marco Polo’s original financing motion. This Court approval and the Court’s previous approval of the use of cash collateral ensures that Marco Polo will be able to continue to fulfil all charter contracts and to pay its expenses in the ordinary course of business. It also ensures that Marco Polo will be able to take advantage of profitable new charters.  Post-petition financing from one of its senior lenders is a significant step towards Marco Polo’s focus on a plan to emerge from Chapter 11 as a strong and healthy competitor in the global shipping market.

First Middle East Call for Juggernaut Containership

CMA CGM Marco Polo: Photo credit CMA CGM

Khorfakkan Container Terminal (KCT) became the first terminal operator in the Middle East to handle the world’s largest container ship, 'CMA CGM Marco Polo'. With a length of four standard football pitches (396 metres), 54 metres beam and requiring a draft of 16m, Khorfakkan is one of the few ports in the world able to accommodate Marco Polo’s massive 16,020 TEU capacity, reports 'The Gulf Today'. The ship's arrival at KCT was marked with a presentation from Gulftainer to

Cal Dive Completes Marco Polo and Gunnison Loan Facilities

Cal Dive International, Inc. announced that it has completed project financing to fund its share of the cost to construct production facilities at the Marco Polo and Gunnison Deepwater fields. Deepwater Gateway LLC, a joint venture owned by El Paso Energy Partners, L.P. and Cal Dive, has secured a $155 million commitment to fund 70 percent of the estimated total cost of the Marco Polo tension leg platform (TLP). As a 50% owner of Deepwater Gateway

MODEC Awarded TLP for Anadarko Field

MODEC International LLC has entered into a letter of intent with El Paso Energy Partners, L.P. for the engineering, procurement and construction of the hull, mooring and production riser system for the world’s deepest tension leg platform (TLP). The TLP is expected to be owned by EPN and Cal Dive International, Inc. and is planned to serve as a production hub at Green Canyon 608 in the Gulf of Mexico initially for Anadarko Petroleum Corporation’s Marco Polo field discovery

BV Classes World's Largest Containership

CMA-CGM Marco Polo

Bureau Veritas has classed what is currently the largest containership in the world. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea for French operator CMA-CGM, CMA CGM Marco Polo is the first in a series of three 16,000 teu vessels which will each be named after great explorers. The CGM Marco Polo - 396 metres long and 54 metres wide with a draft of 16 metres - is equipped with the latest cutting-edge environmental technology

Freak Wave Kills Cruise Ship Passenger, Injures Others

Freak Wave Victim Marco Polo: Image credit CMV

A cruise ship passenger has died and another was airlifted to hospital after the 22,000-tonne cruise ship 'Marco Polo'  was hit by a freak wave in the English Channel during the recent storm. The cruise ship operators, Cruise & Maritime Voyages (CMV) confirm that after a freak wave hit their cruise ship m/s Marco Polo in the English Channel during heavy weather, the ship is now in home port, London Tilbury.

Report Compares Inland Waterways Markets, Tech and Policies

"Inland Waterways and the Global Supply Chain" an International Conference Report on "SmartRivers 2006" is currently available at the Port of Pittsburgh Commission website SmartRivers is a coalition to benchmark best practices for inland waterways, on both sides of the Atlantic, and to help those waterways better integrate themselves into the global supply chain. “Benchmarking conferences were held in Pittsburgh in 2005 and in Brussels, Belgium Europe in 2006

First Voyage for CMA CGM Alexander Von Humboldt

CMA CGM Marco Polo's sistership, enters CMA CGM’s Asia - Europe Trade. The CMA CGM Group announced that the CMA CGM Alexander  Von  Humboldt, second of the world's largest and state of the art containership’s series, begins its first voyage today, Friday, April 19th in Pusan, South Korea. Built by DSME (Daewoo Shipbuilding and Marine Engineering) in South Korea, this giant of the seas, owned by CMA CGM, displays exceptional dimensions: 396 meters long

Liebherr Takes Chilean Order for 3 STS Cranes

Photo courtesy of Liebherr

Terminal Pacífico Sur Valparaíso in Chile recently purchased three Ship-to-Shore container cranes (STS) from Irish based Liebherr Container Cranes Ltd. These cranes have an outreach of 62 m and a safe working load of 65 t under twin lift spreader. These are the largest container cranes that Liebherr has ever manufactured for the west coast of South America. The cranes allow the terminal to meet shipping companies’ newest requirements

British Maritime Industry Eyes China’s One Belt, One Road Plan


 China’s 21st Century Maritime Silk Road and Economic Belt development vision has takers in UK maritime sector, reports Xinhua News Agency.   Both countries expected to improve bilateral maritime cooperation in the "Belt and Road" initiative, chairman of Maritime London Lord Mountevans said.   ‘All maritime roads lead to London’ stated moderator Doug Barrow, chief executive of promotional body Maritime London, organiser of the One Belt

Reopening of the Caravel La Niña III

Delivery ceremony and reopening of the Caravel La Niña III,

  The delivery ceremony and reopening of the Caravel La Niña III, faithful replica of the ship of Columbus, the Caravel “La Niña III“ was held yesterday in the city of Las Palmas. Las Palmas is part of the network of Columbian cities of Spain

D’Amico Sees Q1 Net Profit of $11.4Mln

Image: DAmico International Shipping

 Italy-listed D'Amico International Shipping (DIS) made a net profit of $11.4m in the first quarter, reversing its net loss of $6.8m last year, as the product tanker freight market improved.   The board of the product tanker owner on Wednesday approved first quarter 2015 results of

Brazil to Hold New Subsalt Oil Auction by 2017

The Brazilian government plans to hold a new oil bidding round for areas in the subsalt polygon by 2017, the secretary of oil and gas at the Mines and Energy Ministry, Marco Antonio Almeida, said on Monday.   Almeida denied during a presentation in Rio that the current corruption scandal

Neelsen to Succeed Ahlers as Buss Port Logistics CEO

Marco Neelsen (Copyright: Buss Port Logistics)

Press release - On October 1, Marco Neelsen will assume Heinrich Ahlers' position as Chief Executive Officer (CEO) at Buss Port Logistics (BPL). Ahlers will stay with Buss Group until at least the end of 2016. Neelsen is a trained navigational officer

VOSTA LMG Secures Order From Boskalis

VOSTA LMG Crossover dredge ball_joint 1000 mm.png

VOSTA LMG has been awarded an order for efficient dredge ball joints from maritime services company Royal Boskalis Westminster. The order consists of a series of high pressure Crossover ball joints suitable for dredge pipes with an internal diameter of 1000 mm

MN 100: Elastec/American Marine


926 County Road 1350 N Carmi, IL 62821 Telephone: 618 382 2525 E-mail: Website: CEO/President: Donnie Wilson Number of Employees: 120 The Company: Elastec/American Marine manufactures and markets pollution control and oil spill response systems

Brazil to Hold Next Oil Rights Auction in 2015

Brazil will hold the 13th round of its oil rights auctions in the first half of next year, a senior mines and energy ministry official said on Monday. Marco Antonio Martins, the undersecretary in charge of the oil industry at the ministry

Tropical Storm Polo Threatens Battered Mexican Resort of Los Cabos

  Tropical storm Polo barreled nearer on Friday to the Mexican Pacific resort of Los Cabos where thousands of troops were restoring order following widespread chaos caused by Hurricane Odile at the start of the week. Odile plowed into the southern tip of the Baja California peninsula on

Effective Communication on the Water

Marco 38.jpg

Because communication on the water is serious business, David Clark Marine offers a number of system solutions tailored to meet specific needs. On board the City of Marco Island’s Firestorm 32 High Speed Aluminum Fireboat, made by MetalCraft Marine

EUCAP Nestor Train 30 Somali Coast Guards


  On 21 October, the European Union’s Maritime Capacity Building Mission in the Horn of Africa and Western Indian Ocean (EUCAP Nestor) celebrated the successful completion of a two month Mentoring, Teaching and Training (MTT) programme for thirty young officers of the Somaliland Coast

U.S. Navy Contracts 12 Rapid Response Skimmers

Navy Wide Skimmer

Kvichak Marine won a US Navy contract for 12 30-ft.Rapid Response Skimmers (RRS) for delivery over the next 18 months, with options for up to 30 additional skimmers to be delivered through 2019.  The Kvichak RRS is Navy’s tier one response asset

Fincantieri & Technip JV for Offshore Market

  Fincantieri and Technip in Italy signed a Memorandum of Understanding aiming to increase their joint competitiveness by starting to address Italian and Mediterranean Sea offshore markets. The agreement was signed by Marco Villa, CEO of Technip Italy S.p.A

Norwegian Buys Ship from Princess Cruises

Ocean Princess (Photo: Princess Cruises)

Norwegian Cruise Line Holdings Ltd. announces fleet expansion for Oceania Cruises in 2016; Sirena to join sister ships Insignia, Regatta and Nautica   Norwegian Cruise Line Holdings Ltd. announced a definitive agreement with Princess Cruises, Ltd

MSC Magnifica Completes Drydocking at Damen Shiprepair

MSC Magnifica

  After a very fast and successful 17-day drydocking the cruise ship MSC Magnifica left Damen Shiprepair Rotterdam (part of Damen Shiprepair & Conversion) for Hamburg on schedule to start her next cruise. Next week (December 2) another cruise vessel will arrive at Damen Shiprepair

Damen Performs Cruise Ship Maintenance

Photo: Damen

Astor and Marco Polo receive refurbishment and class survey work   Damen Shiprepair & Conversion has recently carried out a number of cruise ship repair and refurbishment projects in the Netherlands, including Astor and Marco Polo, both operated by Cruise & Maritime Voyages

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