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
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
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).
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
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
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
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
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)
Interferry has praised a decision made at last week’s meeting of the IMO Marine Environment Protection Committee (MEPC) that could exempt certain ferry operators from fitting equipment required by the impending Ballast Water Management Convention to reduce the spread of invasive species.
Vesper Marine, a manufacturer of marine safety products and virtual Aids to Navigation (ATON), announced that its Virtual AIS Beacons are employed in the search for lost Malaysian airliner MH370 in the southern Indian Ocean. The international search team is a closely coordinated effort between
8th Annual Express Logistics & Supply Chain Conclave, prominent Indian-based business gathering recognizes service excellence. APM Terminals India Pvt. Ltd. was named “Best Inland Service Provider” for the third time in three years at the recently concluded 8th Annual Express
Portsmouth Naval Shipyard (PNSY) delivered USS Springfield (SSN 761) back to the fleet on Sept. 12 ahead of schedule and under budget. PNSY conducted Springfield's docking continuous maintenance availability off-yard at Sub Base New London in Groton, Connecticut
Hempel announced the launch of HEMPADUR AvantGuard, a portfolio of three new anticorrosive zinc primers designed for C4 and C5 corrosive conditions. Based on new patented AvantGuard technology, the primers are significantly longer lasting than zinc epoxies without AvantGuard but can be applied
Inchcape Shipping Services (ISS) has recently managed heavy lift vessel project for Shanghai-based heavy-duty equipment manufacturer, ZPMC in Tanzania. Last month, ISS Tanzania acted as port and discharging agents for the carrier, the Zen Hua 21 which was carrying two SSG (Ship to Shore
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno and U.S. Coast Guard Rear Admiral Paul Thomas signed a Memorandum of Agreement (MOA) for regulating fixed Outer Continental Shelf (OCS) facilities. Through this agreement
The latest from Graham Hawkes is a Self-Pilot Personal Submarine DeepFlight introduced a new type of personal submarine at the 2014 Monaco Yacht Show: DeepFlight Dragon, an all-electric, compact, lightweight personal submarine to explore down to 400 ft. (120m)
A realistic picture at the grass root level of the ship breaking industry in India, Bangladesh and Pakistan unfolded at the’ 3rd Ship Annual conference on Ship Recycling on the Indian Sub-continent’ held on 18th September 2014 at Taj-President Mumbai
The 6 Maritime Authorities of the Riyadh Memorandum of Understanding (RMoU) on Port State Control will launch a Concentrated Inspection Campaign (CIC) with the purpose of ensuring compliance with SOLAS Chapter II-2 and the International Code for Fire Safety Systems on board ships.
The US Department of Defense informs that the University of Washington (UW), Seattle, Washington, is being awarded a $12,776,050 cost reimbursement contract for mid-life re-fit overhaul of Ocean Class Oceanographic research vessel 'Thomas G. Thompson' (AGOR 23).
IMO informs that the draft International Code of Safety for Ships using Gases or other Low flashpoint Fuels (IGF Code), along with proposed amendments to make the Code mandatory under SOLAS, have been agreed by the inaugural session of the Sub-Committee on Carriage of Cargoes and Containers (CCC 1)
The newst sub–chapter of Women’s International Shipping and Trading Association – was inaugurated in Kochi on the 29th of August 2014, making it the fifth chapter in the country. The sub-chapter was launched as a part of the 2nd Hotel
7266 8th Avenue South Seattle, Washington 98108 Tel: (206) 622-4697 Email: email@example.com Website: www.markeymachinery.com President: Blaine W. Dempke The Company: Seattle-based Markey Machinery Company has roots in the marine and logging industries stretching as far back
Braemar Shipping Services plc, an international provider of broking, consultancy, technical and other services to the shipping and energy industries, announced it has undertaken a major upgrade to its online presence through the launch of a new corporate website (www.braemar