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Arlington Tankers Announces New Sub-Charter

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.


Japanese Submarine to Join Australia's Navy in Military Drill

Soryu-class submarine. Photo: Japan Maritime Self-Defense Force

 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


Shipbuilding and Repair Presence Primorye

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 Expresses Sadness at Tanzania Ferry Disaster

IMO_Logo.jpg

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 Delivers HARVEY DEEP-SEA

HARVEY DEEP-SEA

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


Sub M 90 Program Underway

Dean Shoultz, MarineCFO Chief Technology Officer

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


Second Acquisition for Triton Group Underlines Growth Strategy

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 Addresses Bulk Carrier Safety

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


Naval Architecture: The Future is Now Forget Gas & Diesel ... Break Out the Limbs!

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


Ocean Offshore's 'Island Pioneer' Chartered

SCV Island Pioneer: Photo courtesy of Island Offshore

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


This Day In Naval History: April 15

USS Yorktown (CV 10) (U.S. Navy photo)

1912 - The scout cruisers USS Chester (CL 1) and USS Salem (CL 3) sail from Massachusetts to assist RMS Titanic survivors, and escort RMS Carpathia, which carried the survivors of the Titanic, to New York. 1914 - USS New York (BB 34) is commissioned.


ZIM to Enhance its Asia to US East Coast and Gulf Services

Photo: ​ZIM Integrated Shipping Services Ltd

 ​ZIM Integrated Shipping Services Ltd (ZIM) has announcd an enhanced Asia to US East Coast and Gulf service offering, with seven different weekly services, extensive direct port-to-port coverage and best-in-market Transit time from key ports in Asia to US East Coast & Gulf.  


Kongsberg Tech Package for Sweden’s New Subs

The SA9510S sonar detects mines, obstacles and the sea-floor in. (Image: Kongsberg Maritime)

The Swedish Navy together with SAAB Kockums AB has selected an active sonar suite and bottom navigation technology from Kongsberg Maritime for installation on two next generation A26 submarines, which are due for delivery no later than 2022. The contract was awarded through a competitive


Indian Sub Kalvari Undergoes Sea Trials

Kalvari. Photo: Indian Navy

 ‘Kalvari’ (Tiger Shark), the first of the Scorpene-class submarines, went to sea for the first time on Sunday marking the commencement of sea trials.    The submarine sailed out at about 10 am under her own propulsion for the first sea trial, off the Mumbai coast.


Maersk to Boost Investments in Ghana

Maersk Group CEO, Nils S. Andersen. Photo: Maersk

 Maersk Group says it is committed to a long-term partnership with Ghana, and will boost its investments in the country.   Accroding to local media report, the Maersk Group Chief Executive Officer, Nils S. Andersen, revealed that Maersk is interested in playing an active role in


Dantin to Lead Baker Lyman's TSMS Program

Thomas Dantin, Baker Lyman as Chief Consultant for Towing Safety Management Systems (credit: Baker Lyman)

Thomas Dantin Joins Baker Lyman as Chief Consultant for Towing Safety Management Systems. Baker Lyman has announced the association of chief consultant Thomas Dantin, well-versed in the towing and maritime industry. “Thomas has spent 40 years in the maritime industry and brings his wealth


Shrinking Violets Amidst Global Fleet’s Flower Power

Graph: Clarksons Research

 Clarksons Research says that in many instances the shipping industry is all about growth, with trade volumes expanding along with the world economy and fleet capacity growing too.    However, that’s not exclusively the case


This Day In Naval History: March 21

1804 - The brig USS Syren (Siren), commanded by Lt. Charles Stewart, captures the Tripolitan brig Transfer off the coast of Tripoli, renaming it Scourge after being taken into US Navy service.   1903 - The Honduras Expedition, made up with USS Marietta, USS Olympia, USS Panther, USS Raleigh


COSCO Sets "Ship Repair Quality Standards"

Nantong COSCO Shipyard Courtesy COSCO

March 24, the national standards prepared by the COSCO Shipyard led - "Chinese ship repair quality standards" by the review of the national marine vessel Standardization Technical Committee ten third annual meeting, marking the first Chinese ship repair industry has a more systematic and


MARACAD Returns to Dubai

His Excellency Dr. Abdullah Bin Mohammed Belhaif Al Nuaimi Photo MARACAD

After an extremely successful debut in 2015, the MARACAD Conference and Expo returns to Dubai once again in 2016. Under the patronage of His Excellency Dr. Abdullah Bin Mohammed Belhaif Al Nuaimi, Minister of Public Works Chairman of the Federal Transport Authority – Land and Maritime


Volvo Penta Acquires Majority Stake in Humphree

Per Landegren, CEO of Humphree, left, and Björn Ingemanson, president of Volvo Penta. (Photo: Volvo Penta)

Volvo Penta has signed an agreement to become the major shareholder of marine technology provider Humphree. The transaction is subject to conditions and expected to close within four weeks.   Having a majority share in Humphree will further accelerate the next step in Volvo Penta’s


Study: Ship Efficiency Standards Too Weak to Drive Improvements

File photo: Alex Sergienko

Shipping’s only legally binding climate measure is not stimulating the uptake of new technologies or driving efficiency improvements, according to a new independent study. Since 2013 newly-built ships subject to the International Maritime Organization’s (IMO) design fuel efficiency


UASC Expands Further in S.America

Photo: UASC

 United Arab Shipping Company (UASC) announced the opening of a new joint-venture agency in Uruguay and participation in this year’s Intermodal South America exhibition, opening today in São Paulo and running until 7th April.  


Norway Shortlists DCNS, ThyssenKrupp for New Subs

Ula-class submarines. Source: Royal Norwegian Navy

 Norway's Defence Minister Ine Eriksen Søreide of the Conservative Party made it clear that there would be no submarine deal with Sweden, according to the Norwegian newspaper Verdens Gang.    Instead, Norwegian defense officials have narrowed down their search to French and


Six Years after BP Spill, US Sets New Offshore Oil Safety Rules

Gas from the damaged Deepwater Horizon wellhead is burned by the drillship Discoverer Enterprise in May 2010, in a process known as flaring. (U.S. Coast Guard photo by Patrick Kelley)

The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico.   The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations






 
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