Arlington Tankers Ltd. announced that Concordia Maritime AB of Sweden (Concordia) has entered into new two-year sub-charter agreements for Arlington's two V-Max tankers, the Stena Vision and Stena Victory. Concordia is the current time charterer for both vessels through 2009. The vessels are currently sub-chartered to Sun Oil International (Sun). The sub-charters with Sun are due to expire during 2007. The new sub-charter agreements are with Litasco, a subsidiary of the Russian energy company LukOil OAO, and will commence immediately upon expiration of the sub-charters with Sun and continue for a two-year term. During the term of these sub-charters, Arlington will continue to earn the guaranteed daily base charter hire from Concordia, which provides for a minimum of $36,075 per day per vessel in 2007, $36,882 per day in 2008, and $37,316 per day in 2009. In addition, under the profit sharing agreement between Concordia and Arlington, these new sub-charter agreements are expected to result in additional hire of approximately $4,000 per day per vessel during the term of the new sub-charters with Litasco, as compared to the current additional hire of $3,400 per day per vessel under the Sun sub-charters.
Far Eastern Center for Shipbuilding and Shiprepairing is being created in Primorye. The Primorsky Territory Administration hosted a meeting dedicated to this new center. RF President Aide Alexander Burutin and Primorye Vice-Governor Pavel Popov took part in the meeting dedicated to creation of OJSC, which was held in the Primorsky Territory Administration. As the Administration reports, this open joint-stock company (OJSC) will be a sub-holding within the United Shipbuilding
Triton Group announced has acquired Sub-Atlantic Limited. Triton Group is backed by Houston-based private equity company, SCF Partners and supported by Royal Bank of Scotland (RBS). Formed earlier this year, Triton Group aims to create a group of companies focused on providing state-of-the-art remote intervention and control technologies and services. This deal comes hot on the heels of the group’s acquisition of Perry Slingsby Systems (PSS).
The Secretary-General of the International Maritime Organization (IMO), Efthimios E. Mitropoulos, has expressed his profound sadness for the loss of life in the sinking of the ro-ro ferry Spice Islander I off the coast of the United Republic of Tanzania on 10 September. “We are shocked at the number of lives lost and have offered any help and technical assistance which may be required,” Mr. Mitropoulos said
Island Offshore has agreed a new 2-year contract for the SCV Island Pioneer with Ocean Mexicana SA de CV. The sub-sea construction vessel (SCV) has been working for OM since delivery in April 2006 and the new contract will run in direct continuation with the current contract. Island Pioneer is of P101 Ulstein Design and is equipped with DP II, a 140 ton offshore crane and accommodation for 87 persons. The vessel will perform a variety of subsea and light construction work during this
Eastern Shipbuilding Group, Inc. announced the delivery of the M/V HARVEY DEEP-SEA, the fourth of its Tiger Shark Class Offshore Support Vessels constructed for Harvey Gulf International Marine, LLC of New Orleans, LA. The HARVEY DEEP-SEA was delivered July 19, 2013. The vessel was launched at Eastern’s Allanton Facility in mid-December of last year. The HARVEY DEEP-SEA is Eastern’s second Multi-Purpose Light Construction Vessel (LCV) for Harvey Gulf
IMO Secretary, General William O'Neil, has highlighted the need for widespread and concerted efforts to improve bulk carrier safety. Speaking at the opening of the 45th session of the IMO Sub-Committee on Ship Design and Equipment (DE) O'Neil said, "Bulk Carrier Safety has been a priority on our agenda for over ten years now and, while certain improvements have been introduced, the work has not been finalized, as we are regrettably reminded from time to time by the continuing loss of bulkers
The David Taylor Model Basin was homeport for some curious looking contraptions recently, human powered submarines, which were designed and built by perhaps the next generation of naval architects and marine engineers. John Hussey reports. High-tech met low-tech, and college engineers competed against standout high school students in the seventh running of the International Submarine Races, the biennial human-powered engineering design competition completed at the world's largest indoor
Portsmouth Naval Shipyard workers have pumped fresh air into the fire-damaged sub, allowing Navy investigators to begin the first damage assessment The fire aboard Miami damaged the torpedo room, crew quarters and command and control areas in the fore part of the submarine, but the nuclear propulsion components in the after part of the sub were not harmed. Vice Adm. Kevin M. McCoy, commander of the Naval Sea Systems Command, told Sen
Reuters - Brazil's state-run oil company, Petroleo Brasileiro SA, said on Friday that it had discovered new, good-quality oil deposits in the so-called sub-salt region. Petrobras, said the discovery was made in the Florim and Iara fields in the offshore Santos basin. Petrobras expects to continue exploration around the two wells until September. (Reporting by Paulo Prada. Editing by Andre Grenon)
The Company: A wheelhouse favorite for generations, Baker, Lyman & Co. is the oldest NOAA & Admiralty Chart Agent in the United States. New Orleans-based Baker Lyman has been provisioning vessels with nautical charts, electronic charting systems, publications, safety/educational materials
Nakilat-Keppel Offshore & Marine (N-KOM), the joint-venture shipyard of Keppel Offshore & Marine and Nakilat, continues to see strong interest for its ship repair services in 2015, having already delivered more than 450 projects for shipping and oil and gas companies over the past four
Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office location for IRClass in the Middle East, following Dubai, and reflects the society’s strong commitment to the region
A boat packed with mainly African migrants bound for Italy sank off the Libyan coast on Thursday and officials said up to 200 might have died. A security official in the western town of Zuwara, from where the overcrowded boat had set off, said there had been around 400 people on board
In 2015 two significant developments are going to make many operators, owners and builders of professional vessels consider hybrid marine power. Firstly the new emissions laws in ports and secondly there is now an incentive for high technology manufacturers to invest in developing highly
Turkish shipyard Alia Yachts has launched the 41.29 metre full-displacement motor yacht Rüya. She is a tri-deck sub-500 gross tonne motoryacht that was built in all-composite to Lloyds Register standards and adheres to LY2 and MCA.
The Royal Thai Navy claims it urgently needs more submarines to compete with other Asian countries. The assistant commander made the claim aimed at persuading a skeptical public that the nation should invest in its military in a white paper sent to reporters, the Bangkok Post reported.
The CMA CGM Group upgrades its Lebanese service by adding a call in Beirut on its EPIC line, joining North Europe to Indian sub-continent, and on its MEX line, joining the Mediterranean to Asia. "We are pleased to announce that starting July 27th the Port of Beirut will be
Australia to spend A$65 bln on ships and subs over 20 years; PM pledges A$40 bln for domestic shipbuilders. Australia will spend A$89 billion ($65 billion) on ships and submarines for its navy over the next 20 years but pressure grew on Prime Minister Tony Abbott on Tuesday to spend more than
Oceanographic research vessel Marion Dufresne II is celebrating her 20th anniversary in 2015 and has finished a major refit that will extend her life for a further 20 years. Leading electrical system integrator Alewijnse Marine Systems has successfully completed the electrical conversion.
India and Mozambique on Wednesday discussed ways to intensify cooperation in maritime security, ocean economy and defence as Prime Minister Narendra Modi held talks with Mozambique President Filipe Jacinto Nyusi in New Delhi. "Africa and the Indian Ocean are among the highest
The U.S. State Department has approved the likely sale to Japan of two Lockheed Martin Corp Aegis combat systems valued at $1.5 billion, a deal aimed at boosting Japan's defenses against a ballistic missile attack, the U.S. Defense Department said Friday.
Clarkson PLC, world’s leading shipping services group, reported robust performance during the six months ended 30th June 2015. Summary Robust performance despite continued challenging market conditions in some of our markets
The Company: All American Marine Inc. was founded in 1987 and specializes in the construction of custom tailored aluminum boats from 30 to 150 feet LOA. Today, the company has become a leading builder of high speed passenger catamarans, survey craft, and research vessels
Indian Minister for Shipping, Road Transport and Highways, Nitin Gadkari, has said that the Ministry has prepared a scheme to offer subsidy to the shipbuilding industry, says Press Information Bureau of the government. The proposal has been sent to the Cabinet Ministry for approval