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.
Soryu-class JS Hakuryu and two warfare destroyers will work with Australian ships near Jervis Bay as part of bilateral exercises, reports AAP. The 4,000-ton Soryu-class stealth submarine JS Hakuryu, outfitted with a new lithium-ion battery propulsion system, will be joined by two JMSDF destroyers and two helicopters during the training exercise aimed to “foster collaboration” and “improve tactical skills
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
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
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
MarineCFO Offers Vessel365 & Homeport365. Industry technology services provider, MarineCFO, has announced the “Sub M 90” Program commencing February 25, 2016 and terminating June 22, 2016. According to Tug & Barge Solutions, a Sub M consultant and MarineCFO partner, the Office of Management & Budget (OMB) received the Final Rule version of Sub Chapter M from United States Coast Guard on February 12, 2016
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 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
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
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)
A wave of cutting edge U.S. maritime innovations will be highlighted in Southampton, U.K. this October during three specialist one day events for the sub IMO / sub 24 meter professional sector. The unique NEXT GENERATION Workshops bring together an international group of experts armed with the
Drewry says that the container shipping world is shrinking as M&A and carrier failures increase. Is reduced competition the real cost of low rates? The container shipping world is getting smaller. Hanjin Shipping may continue as a regional Intra-Asia carrier if its survival plan
If both APL and UASC are included within their new parents, the top five ocean carriers now control approximately 54 percent of the world’s containership fleet, says Drewry. In 2015, the top 10 carriers were close to controlling 90 percent of the market
Global chart distributor Nautisk has appointed SEAMAPS ES as a sub-distributor, serving Algeciras and the surrounding areas. The Spanish chandler will service local customers with core navigational products and services direct from Nautisk including Admiralty charts and publications in
Spanish authorities said on Wednesday they had rescued 50 migrants from Morocco and sub-Saharan Africa who were found the day before drifting in two boats off Spain's Mediterranean coast. Spain's maritime rescue service said it first spotted an inflatable boat with six Moroccan men stuck
The Company: A wheelhouse favorite for generations, Baker, Lyman & Co. is the oldest NOAA & Admiralty Chart Agent in the United States. Baker Lyman has been provisioning vessels with nautical charts, electronic charting systems, publications, safety/educational materials
NASA has unveiled plans to send a submarine into the depths of the largest ocean of Saturn's biggest moon, Titan in a bid to explore the depths of its largest ocean. The aim to find the chemical composition of the largest ocean of the moon, Kraken Mare and search for signs of life.
The Company: The company provides marine organizations, boat builders and equipment manufacturers with relevant subject matter expertise plus an independent overview of how this sector is rapidly changing. For OEM boat builders and equipment manufacturers
Eastern Shipbuilding Group, Inc. has delivered the M/V Harvey Stone on August 29, 2016 for Harvey Gulf International Marine, LLC of New Orleans. The Harvey Stone, Eastern Hull 234, is a Rampage 6400 Multi-Purpose Field Support Vessel (MPFSV), designed by Robert Allan
Kelvin Hughes has announced the launch of a new range of radar systems for commercial shipping based on its innovative, solid-state SharpEye technology. Kelvin Hughes has been supplying IMO type-approved radar to merchant ships, fishing boats and workboats since the 1940s
PAO Sovcomflot, Asea Brown Boveri Ltd. (ABB) Company and the Admiral Nevelskoy Maritime State University (MSU) have signed an agreement for research, technological and educational partnership. The document provides for the establishment of the Marine Propulsion Simulation Centre at MSU in
International Bunker Industry Association (IBIA) has finalised a Standard Operating Procedure (SOP) to help bunker surveyors identify their responsibilities when overseeing bunker deliveries involving Mass Flow Meters (MFMs) in Singapore.
Harvey Gulf International Marine (HGIM) announced it has received both ABS (American Bureau of Shipping) class functional approval and USCG (United States Coast Guard) design bases approval on a 4,000 cubic meter LNG articulating tug barge (ATB) construction drawing package; the design accounts
Container throughput at the Port of Salalah, part of the APM Terminals Global Terminal Network, reached 1.584 million TEU* in the first half of 2016, representing a 29% increase over volume handled during the same period the year prior. The completion of a new deep-water General Cargo and
U.S. drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below the key $50 a barrel level that spurs a return to the well pad.