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)
Universal LNG Holdings has launched West Africa LNG Development, a ground-breaking solution partnership between Universal LNG Holdings and Sembcorp Marine Group Company. With Sembcorp Marine's wholly owned subsidiary Jurong Shipyard participation
The new RV Kronprins Haakon, the first Norwegian Icebreaker built for Polar research, and the first purpose built polar research vessel since Roald Amundsen’s Maud launched in 1917, will start regular science cruises in 2017 with a complete hydroacoustic systems package from Kongsberg
Hiab, part of Cargotec, is launching 12 new T-series light weight cranes with hybrid technology ranging from 1.2 to 3.5 ton meter lift capacity. Designed for easy mounting on pickups and light trucks, the new cranes deliver the highest quality and durability and are particularly easy to use
In its budget this week, Australia's Federal government announced reforms for foreign-flagged vessels operating in the country's waters. The new measures appear to revert to something similar to the earlier pre-2012 coastal trading system.
Hybrid Marine Power & Propulsion Workshop – Southampton – May 13 & 14, 2015 In May 2015 U.K. based Shock Mitigation will bring together a group of experts armed with the latest knowledge that will assist the sub IMO professional sector to understand the possibilities
Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research. Drewry forecasts another year of excess growth in relation to
Forty-one boat migrants reported drowned in Mediterranean - IOM Forty-one people have drowned in the Mediterranean trying to reach Italy by boat from Libya, four survivors said when they arrived at the Sicilian port of Trapani, according to the International Organisation for Migration
Conference on the enhancement of safety of ships carrying passengers on non-international voyages, Manila, the Philippines, April 24, 2015 The International Maritime Organization (IMO) will hold an international conference on the enhancement of safety of ships carrying passengers on
The automated mooring system at the Port of Ngqura in South Africa’s east coast is poised to improve port efficiency and safety, cementing the deep water port’s position as a leading transshipment hub for the Sub-Saharan region. The system comprises 26 mooring units
A consortium led by France's Bollore failed to make the final shortlist of firms vying to manage a new container terminal in Cameroon's southern port of Kribi, according to a commission report seen by Reuters on Monday. The government commission
Russia has launched the fourth of its Varshavyanka-class diesel-electric submarines. Russia has launched what it claims to be the “quietest submarine in the world.” Admiralty Shipyards - a Russian defense company - held a ceremonial launching for its newest
UAE based Gulftainer, a terminal operating and logistics company, set a new record for the handling of the largest unloading and loading of a single vessel call at its Khorfakkan Container Terminal (KCT), at 19,561 TEUs (Twenty-foot equivalent unit).
The Indian Ministry of Defence has directed future warship and submarine building orders be given only to domestic shipyards. The Navy has potential orders worth more than US $50 billion over the next 10 years for ship and submarine builds, said a Defence Ministry source.
Hybrid marine power and propulsion systems for workboats isn’t farfetched. In fact, it may be essential. In 2015, two significant developments are going to make many operators, owners and builders of professional vessels consider hybrid marine power
Japan will agree this month to give Australia classified submarine data, an unprecedented step signalling Tokyo's intent to join competitive bidding to sell Canberra a fleet of stealth subs, said two Japanese officials familiar with the plan.