New Time

Seanergy Enters Time Charter Agreement

Seanergy Maritime Holdings Corp.  has entered into a new time charter agreement for one of its Supramax vessels. The M/V Davakis G., a 54,051 Supramax dry bulk carrier built in 2008, has entered into a time charter agreement for a period of about twelve to about eighteen months at a gross charter rate of $14,500 per day with a first class charterer. The charter will commence following the completion of the M/V Davakis G.’s current voyage. As a result of this new time charter agreement, the company has now secured 93% of its ownership days for 2011, 64% for 2012 and 24% for 2013, based on the latest redelivery date of the charter party agreements.

TEN Announces New Time Charter for the Aframax Olympia

Tsakos Energy Navigation Limited (TEN) announced a new time-charter contract for the Aframax Olympia with a major European charterer. The two-year contract begins in November 2003 upon the expiration of Olympia's current contract. The rate obtained for the new time charter will positively impact earnings. "TEN remains committed to securing attractive, long-term charters that will provide a steady and predictable flow of earnings and strengthen its balance sheet," stated Nikolas P

Bush to speak at Coast Guard graduation Ceremony

President Bush will give three commencement addresses this year, including a speech on May 23 at the U.S. Coast Guard Academy in New London, reported the New Times Live. The White House announced that Bush also will speak on April 28 on the Kendall Campus of Miami Dade College in Miami, Fla. And on May 11, the president will speak at St. Vincent College in Latrobe, Pa. The president of the college, Jim Towey, is the former director of Bush’s Office of Faith-Based and Community

New Time for Coast Guard Cutters' Change of Homeport Ceremony

The change-of-homeport ceremony for two Coast Guard cutters moving to Kittery, Maine, has been rescheduled for 11 a.m. Sept. 27, at the Portsmouth Naval Shipyard. The time of the ceremony was originally slated for 10 a.m. The Coast Guard cutters Tahoma and Campbell will be joining the Coast Guard Cutter Reliance already homeported in Kittery.

Seanergy Enters Three Time Charters

Seanergy Maritime Holdings Corp. announced today that it has entered into new time charter agreements for one of its Panamax vessels and two of its Capesize vessels. The M/V BET Intruder, a 69,235 dwt Panamax dry bulk carrier built in 1993, has entered into a time charter agreement for a period of about eleven to about thirteen months at a gross charter rate of $12,250 per day. The charter will commence after the completion of the M/V BET Intruder’s current trip.

Navios Maritime Announces Sasada as COO

Navios Maritime Holdings Inc. a large, global, vertically integrated seaborne shipping company, announced today that Sasada has been appointed Chief Operating Officer of Navios Corporation. Sasada began his shipping career in 1981 in Japan with Mitsui O.S.K. Lines, Ltd. (MOSK), as a salesmen. Sasada subsequently worked in the tramp section in Mitsui's bulk carrier division overseeing operations and chartering of approximately 30 Handysize vessels

Overseas Shipholding to Sell Tankers

Overseas Shipholding Group, Inc. has agreed to sell two of its oldest Aframaxes (the 1993-built Overseas Keymar and the 1994-built Pacific Sapphire) and one of its oldest VLCCs (the 1996-built Majestic Unity) for net proceeds of approximately $168 million. The proceeds will be used to fund the recently announced newbuild program of four Aframax tankers that are being built at the New Times Shipbuilding Co., Ltd. shipyard in Jinjiang, China. The new 114,000 dwt 44-meter beam

Agencies Respond to Freight Ship Spilling Oil

The Coast Guard and O'Brien's Response Management are responding to oil which is leaking from the motor vessel Pac Alkaid, which is anchored 10 miles southeast of Southwest Pass near Venice, La.   The Pac Alkaid reported the discharge to the Coast Guard at approximately 2 a.m. Oct. 30, when it was anchored five miles southeast of Southwest Pass. Winds and currents pushed the oil to the northwest on Oct. 30, which caused a sheen to wash up against the rocks of the Southwest Pass jetty

RINA celebrates ties with China

International certification, verification and ship classification company RINA is celebrating its ties with China on its 150th anniversary. It also took the opportunity to celebrate the ties between Italy and China on the 150th anniversary of Italian Unification.   Formed in Genoa, Italy, in 1861 as a ship classification society, RINA is today a global multi-disciplinary and multi-cultural company with growing business in China and the surrounding region

Omega Navigation Q2 2009 Results

Omega Navigation Enterprises, Inc. (NASDAQ: ONAV) (SGX: ONAV50), a provider of global marine transportation services focusing on product tankers, announced its financial and operational results for the quarter ended June 30, 2009. For the quarter ended June 30, 2009, Omega Navigation reported total revenues of $16.7 million and Net Income of $3.4 million, or $0.23 per basic share, excluding a loss related to the termination of a purchase agreement