The Maritime Administration has approved the award of a new Maritime Security Program operating agreement to Ocean Shipholdings, Inc., a U.S. citizen-owned company. The new agreement, MA/MSP-108, provides for the operation of the product tanker Baltic Mariner in the MSP. Under the agreement, the vessel is required to re-flag under U.S. documentation and employ U.S. citizen merchant mariners. In addition to other specific commercial and military criteria, Ocean Shipholdings qualified for the award based on its status as a U.S. citizen-owned company as defined in Section 2 of the Shipping Act of 1916.
Charting the Course for Ocean Science in the U.S.: Research Priorities for the Next Decade The public comment period is now OPEN for Charting the Course for Ocean Science in the United States: Research Priorities for the Next Decade, a draft document that outlines the national ocean research priorities for the United States for the next ten years. All interested parties are encouraged to review the document and provide input during this 45 day public comment period (scheduled to close
SeaDrill has accepted an offer to sell the company's position in Ocean Rig ASA. Total 21,414,028 shares were sold at NOK 89 per share. In addition, the Ocean Rig ASA 04/07 Convertible Bond, nominal value NOK 10,500,000, which may be converted into 552,632 shares in Ocean Rig ASA were sold, basis same price. The transaction will generate a profit of approximately $80 million to be recorded in Q1 2006. The Investment in Ocean Rig has since it was acquired in 2005 been considered as an
The Financial Mirror has reported that Ocean Tankers Holdings Pcl has covered its initial public offering but has requested an extension until November 8 in order to allow time to the CSE to open trading accounts for overseas investors, mainly Greek shipowners who are participating in the issue. Ocean Tankers offered a total of 3 mln shares during the IPO aiming to raise CYP 755.700 and according to confirmed reports has completed the issue at least one time.
Friede Goldman Halter (FGH) and Ocean Rig have signed a cooperation agreement related to the completion and delivery of Ocean Rig's Bingo 9000-1 and Bingo 9000-2 offshore drilling rigs, which are currently being outfitted and Friede Goldman Offshore's Pascagoula, Miss. shipyard. The agreement results from a joint effort of Friede Goldman and Ocean Rig to develop an acceptable plan and schedule for the completion and delivery of the two fifth-generation rigs
The Sustainable Ocean Summit 2013 (SOS 2013), organized by the World Ocean Council (WOC), is an international ocean business community gathering dedicated to industry leadership and collaboration in developing solutions to ocean sustainability challenges. Washington D.C. - April 22-24, 2013 The theme of SOS 2013 is “Oceans 2050–The Ocean Business Community and Sustainable Seas.” The SOS is designed for the diverse range of ocean industries: shipping, oil and gas
The U.S. Commission on Ocean Policy will hold a meeting in Washington, DC on November 22, 2002 to discuss development of recommendations for a coordinated national ocean policy.
Satamatics, the global provider of satellite telematics, asset tracking and monitoring services, has announced the launch of the Ocean Alert MKIII, satellite tracking unit for maritime applications. The new model is based on the proven technology of the SAT-201, replacing the SAT-101 unit which formed the basis of the previous Ocean Alert product. The SAT-201 is the smallest IsatM2M transceiver on the market, making the unit both discreet and compact
Drew Stephens to lead Esri's Geographic Information Systems (GIS) for Ocean and Coastal Environments Industry. Esri has hired Drew Stephens to expand the market for GIS within the ocean industry. Esri, the world leader in GIS, has accelerated the development of its ocean technologies via the Esri Ocean GIS Initiative. As Esri's industry manager for ocean and coastal environments , Stephens will play a key role in this effort through his diverse background and GIS experience.
Drew Stephens Leads GIS for Ocean and Coastal Environments Industry. Esri has hired Drew Stephens to expand the market for GIS within the ocean industry. Esri, the world leader in GIS, has accelerated the development of its ocean technologies via the Esri Ocean GIS Initiative. As Esri's industry manager for ocean and coastal environments, Stephens will play a key role in this effort through his diverse background and GIS experience.
COSCO (Guangdong) and COSCO (Dalian) Shipyards have each recently delivered bulk carriers to European owners. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 35000 dwt, “CHIOS LUCK”, to its European buyer. The bulk carrier measures 179
Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced cooperation in the China, Taiwan, and Australia trade commencing from Ningbo on June 7, 2013. The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 TEU
SBS Worldwide appointed Mike Barber as General Manager – Manchester. He will help SBS continue building the full range of forwarding and supply chain services it offers in the north of the U.K. Mr. Barber has 40 years’ experience in the forwarding and logistics industry
Multi-role Rescue Vessel (MRV) and Platform Supply Vessel (PSV) specialist Atlantic Offshore recently took its active fleet number to 19 vessels (six newbuilds are also under construction), with the delivery of the Ocean Response (pictured).
During April, 2013 new build prices for capesize, kamsarmax and ultramax vessels rose higher than in the previous month. Purchase prices for ships are often good indicators of financial health in the shipping industry. When shipping demand is expected to grow more than the supply of ships
The European Commission has adopted an Action Plan to revitalise the marine & maritime economy in the Atlantic Ocean Area. The Action Plan aims to show how the EU's Atlantic Member States, their regions and the Commission can help create sustainable growth in coastal regions and drive forward
Tideworks Technology, Inc., a provider of full-service terminal management and planning software solutions, announced that California’s Port of Stockton will deploy Tideworks Technology’s terminal operating system (TOS) to manage its container-on-barge operation and improve overall
This Day U.S. Naval History - May 14 1801 - Tripoli declares war against the United States 1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first major scientific expedition overseas. Lt
The 6,000-meter-rated remotely operated vehicle (ROV) system will be tested from 'Okeanos Explorer' in the 2013 field season. Dave Lovalvo, project manager for the NOAA Office of Ocean Exploration and Research’s Deep Submergence Group and his team has built and will be testing the ROV
Megan Bel joined the staff of the National Ocean Industries Association (NOIA) as Senior Director, Government and Political Affairs. She comes to NOIA from the Office of Congressman Steve Scalise (R-LA) where she served as Legislative Director since 2008
U.S. Secretary of the Navy Ray Mabus said the nation’s newest research vessel will be named R/V Sally Ride, in honor of the former UC San Diego faculty member who was the first American female astronaut and the youngest American to fly in space.
MarineCFO, a provider of software solutions to the marine transportation industry and a division of Verticalive Inc., announced that E.N. Bisso & Son, Inc., has chosen to implement the full MarineCFO Enterprise software suite, including personnel, pperations, maintenance, and vessel live.
Aberdeen-based standby vessel operator Atlantic Offshore Rescue said it has commissioned what will be the U.K.’s most powerful emergency response and rescue vessel (ERRV). The Ocean Troll – which recently completed a long term charter with Statoil – has undergone a £2
Viking Cruises launch Viking Ocean Cruises, the first new cruise line in nearly a decade. Developed from the ground up to return the focus of cruising to the destination, Viking Ocean Cruises will begin sailing in May 2015 with its first vessel—Viking Star—embarking on maiden voyages
US Coast Guard cadet training barque ‘Eagle’ completes its first week of the cadet summer training deployment in the Atlantic Ocean. Eagle left its homeport in New London, Conn., and sailed more than 600 miles headed to the Caribbean while under sail power and using celestial