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
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 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
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
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
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).
J. Ray McDermott, S.A., a subsidiary of Houston-based McDermott International Inc., has completed its acquisition of substantially all of the assets of Secunda International Ltd. Those assets include 14 harsh-weather, multi-functional vessels for sub-sea construction, pipe and cable laying and dive support. The $260 million acquisition also includes Secunda’s shore-based operations. “We are pleased to complete this purchase and to begin integrating certain assets into J
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
Specialist seabed mapping company Osiris Projects has this week launched the fifth vessel in their fleet, the 14m GRP catamaran MV Proteus. Designed to provide an excellent working platform for coastal survey operations, MV Proteus can work up to 60 miles from a safe haven under MCA Category 2 and
Planet Ocean inform that they are supporting the UK Met Office and Plymouth Marine Laboratory to gather real-time Met-Ocean Data with their AXYS Watchman (WM-500) data acquisition and telemetry systems. The WM-500 can be configured to control a large variety of
In a speech to be given at the TOC Container Supply Chain: Middle East Conference on December 9, Andrew Kemp, Regional Director EMEA of the freight transport insurance specialist TT Club will warn of the additional liability that freight forwarders and other logistics operators are open to as a
After two years of construction, the upgraded Royal Australian Navy (RAN) Diving School and the Submarine and Underwater Medicine Unit (SUMU) have been officially opened at a ceremony at HMAS Penguin. Deputy Chief of Navy Rear Admiral Michael van Balen
The British International Freight Association has given qualified support to last week’s decision by a sub-committee of the International Maritime Organization to approve a compromise proposal for verifying the weight of containers before they are loaded onboard ships.
A 67-year old ailing Chinese passenger was successfully evacuated from a cruise ship by the joint team of Coast Guard Sub-Station (CGSS) Boracay and Philippine National Police (PNP) Maritime Group at the vicinity waters of Malay, Aklan last Thursday, October 17.
Marine geo-engineering, including ocean fertilization, will be regulated under amendments to the 1996 Protocol to the international treaty which regulates the dumping of wastes and other matter at sea. The amendments, adopted recently by Parties to the 1996 Protocol to the Convention on
SURVICE Engineering comments on NOAA Federal Register Notice - Intracoastal Waterway Route “Magenta Line” on NOAA Nautical Charts, with reference to the company's ARGUS project, as follows: SURVICE Engineering respectfully suggests that the magenta line is a prime example of
MO’s Working Group on the Evaluation of Safety and Pollution Hazards of Chemicals (ESPH 19), meeting at IMO Headquarters from October 21-25, has agreed to classify high-viscosity PIB (Polyisobutylene) as category X for carriage by ship
The B.C. Shipbuilding and Ship Repair Board (SSRB), with support from the B.C. Ministry of Jobs, Tourism & Skills Training, is kicking off their Shipbuilders campaign with an online contest. Individuals can participate in the campaign and win a chance at one of three cash prizes with a total
International contractor of offshore deepwater drilling services, Ocean Rig, announce its unaudited financial and operating results for the third quarter ended September 30, 2013, reporting a net loss of $21.5 million, or $0.16 basic and diluted loss per share
Freight transport insurance specialist TT Club said it is continuing its efforts to reduce risk in the supply chain. Through constant analysis of the claims it receives, the international insurer has pinpointed an array of operational circumstances that more commonly cause dangerous incidents
A consortium comprising of Marubeni (project integrator), the University of Tokyo (technical advisor), Mitsubishi, Mitsubishi Heavy Industries, Japan Marine United, Mitsui Engineering & Shipbuilding, Nippon Steel & Sumitomo Metal Corporation, Hitachi, Furukawa Electric
Today in U.S. Naval History - November 20 1856 - Cdr. Andrew H. Foote lands at Canton, China, with 287 Sailors and Marines to stop attacks by Chinese on U.S. military and civilians. 1917 - USS Kanawha, Noma and Wakiva sink German sub off France.
Four crew members were rescued by the joint SAR team of the Philippine Coast Guard, Bantay Dagat and the local police from a half-submerged motor boat that was supposed to deliver house construction materials in Agutaya, Palawan last Sunday, November 17.