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One Year

Arlington Tankers Exercises Four Options

Stena's exercise of the one-year options for the Panamax tanker, Stena Companion, and for the Product tanker, Stena Concord, extends the terms of the charters for these vessels to November 10, 2009. Stena continues to have the option to extend these charters on a vessel-by-vessel basis for two additional one-year terms. With respect to the Stena Companion, effective November 11, 2008, the basic charter rate will increase to $18,639 per day for a guaranteed 360 days per year and the fixed vessel management fee will increase to $6,989 per day through November 10, 2009. With respect to the Stena Concord, effective November 11, 2008, the basic charter rate will increase to $16,642 for a guaranteed 360 days per year and the fixed vessel management fee will increase to $6,442 per day through November 10, 2009. During the one-year charter extension, both vessels will also continue to be eligible to earn additional hire revenues through the Company's profit sharing arrangement with Stena.


Northrop Gets Navy Deal Worth up to $43M

Northrop Grumman Corp. (NYSE: NOC) was recently awarded a contract from the U.S. Navy with a high-end value of $43m. Under the deal, Northrop will provide management and technical support for foreign military sales, a government-to-government program for selling defense equipment, services and training that furthers national security and foreign policy objectives. The contract's one-year base period is worth $10m and includes three one-year option periods.


George G. Sharp Wins Contract

George G. Sharp Inc., Virginia Beach, Va., is being awarded a $12,170,065 cost-plus-fixed-fee contract for operation and maintenance of the NAVSEA Inactive Ships On-Site Maintenance Office (NISMO) in Philadelphia Pa. This contract includes a one-year base period and four one-year options, which if exercised, bring the total estimated contract value to $52,277,547. Work will be performed in Philadelphia, Pa. (85 percent); Norfolk, Va. (7.5 percent); and


Oceaneering Announces Hurricane Damage Services Contracts

Oceaneering International, Inc. won two contracts from BP Americas Production Company (BP) to provide vessel and remotely operated vehicle (ROV) services in the Gulf of Mexico (GOM) to support hurricane damage-related platform decommissioning operations. Under terms of each contract, Oceaneering will provide a dynamically positioned ROV support vessel equipped with three ROVs -- two work class and one observation class


LHWCA Statute of Limitations

In an unpublished decision, the U.S. Court of Appeals for the Fourth Circuit ruled that the one-year statute of limitations under the Longshore and Harbor Workers' Compensation Act (LHWCA) does not commence to run until the claimant knew or had reason to know that the injury was likely to impair his earning capacity. In the instant case, plaintiff hook man injured his back while working in a shipyard in 1993. He was temporarily out of work, but then worked regularly for four years


MOL Enhances Seafarer Education in Philippines

(Photo_Front line) Third right: Ms. Nona S. Ricafort PhD. Commissioner, Commission on Higher Education. Second right: Mr. Masaaki Nemoto Executive Officer, Mitsui O.S.K. Lines, Ltd. Third left: Mr. Eduardo U. Manese Chairman of the Board, Magsaysay Maritime Corporation

Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced an agreement to introduce the Third Year Program with seven merchant marine schools in the Magsaysay Institute of Shipping (MIS*1) in Philippines. The move is aimed at cultivating seafarers who support high level of safety standards in vessel operations. MIS selected new Filipino seafarers from among third-year students at merchant marine schools


Tidewater Amends Bylaws and Reappoints Two Directors to Board

Tidewater Inc. has taken action to implement the board declassification proposal which has been sponsored by the Board of Directors and approved by the stockholders at the 2006 annual meeting. The Board of Directors has amended the Company's Bylaws to phase out the Company's classified board structure beginning with the 2007 annual meeting, with all director nominees at the 2007 annual meeting and thereafter to be elected for one-year terms


Seafarers 'Bill of Rights' In Force Today

Photo credit IMO

Tuesday 20,  August 2013 is the date when the Maritime Labour Convention (MLC) 2006, comes into force for ships flagged in those states that signed up to it exactly one year ago. More states have since signed the convention, and the MLC will take effect for them one year on from the date they signed. Currently, 47 member states of the International Labour Organization (ILO) have signed up to the MLC, representing more than 75 percent of the world’s gross tonnage of ships.


Hydroid Awarded US$26-million Navy Contract

Included in the latest listing of US Department of Defense, Navy, contracts is the news that Hydroid Inc, has been awarded a significant UUV order for services with long-term options. Hydroid Inc., Pocasset, Mass., is being awarded a $26,231,287 cost-plus-fixed-fee, firm-fixed-price, indefinite-delivery/indefinite-quantity contract for engineering services, repair and training support for the Navy's MK18 unmanned underwater vehicle family of systems. 


Energy Searcher Gets Offshore Nigeria Contract

Drillship Energy Searcher: Image courtesy of the owners

Northern Offshore subsidiary, Northern Offshore International Drilling Company says it has executed a long-term drilling contract with an affiliate of CAMAC Energy Inc. for its drillship 'Energy Searcher'. The contract commits to an initial period of one year, with an option to extend the contact for an additional one-year term. Commencement of drilling activities on the Oyo Field offshore Nigeria is expected during the first half of 2014.


Havila Extends Niche Deal with Maersk

Platform supply vessel (PSV) by Havila Shipping ASA.

Havila Shipping ASA has seen Maersk Oil & Gas (MOG) extend an option for a vessel, allowing the company to avoid the weak North Sea spot market for 12 more months.   Maersk Oil and Gas Company declared the first of three one year options for the Platform Supply Vessel (PSV) Havila


Siem Sells “Siem Sasha”

Car Carrier CSAV Rio Grande. Pic by Siem Shipping

 Norwegian company Siem Offshore has sold the platform supply vessel (PSV) “Siem Sasha”.  It has delayed delivery of four of the nine platform support vessel (PSV) newbuildings it has under construction in Poland.  


Kaunonen to Head Automation & Projects at Kalmar

Antti Kaunonen, Senior Vice President, Automation and Projects, Kalmar

  Antti Kaunonen has been appointed as Senior Vice President, Automation and Projects, Kalmar, part of Cargotec. Antti Kaunonen brings with him over 25 years of experience from industrial businesses and deep knowledge in automation


NewLead Announces Time Charter Contract

2009-built tanker vessel Ioli  (Photo: NewLead Holdings)

NewLead Holdings Ltd. has entered into a time charter contract with for one of its recently delivered bitumen tanker vessels, the Ioli, for a minimum of one year. The vessel has already been delivered to the charterer that has the option to extend the time charter contract for up to four


Maersk Drilling Secures Contract for Newest Drillship

Maersk Voyager (Photo courtesy of Maersk Drilling)

Maersk Drilling was awarded a contract from eni Ghana Exploration and Production Ltd. for employment of the newbuild drillship Maersk Voyager.   The contract will see Maersk Voyager work on the Offshore Cape Three Points (OCTP) Project offshore Ghana with expected commencement in July 2015


Statoil Orders Emergency Vessel

Mariner Sentinel illustration. (Illustration: Sentinel Marine)

Statoil (U.K.) Limited has awarded a contract to Sentinel Marine Limited to provide a new multi role Emergency Response & Rescue Vessel (ERRV) to support operations on the Mariner field on the UK Continental Shelf (UKCS). Sentinel Marine is an Aberdeen-based company


Japan, Vietnam Maritime Security Cooperation

Signing Ceremony of the MOA for Maritime Instructors’ Training Scheme between VINAMARINE and SECOJ (Photo by Vietnam Maritime Administration)

 Japanese Foreign Minister Fumio Kishida and Vietnamese Vice President Nguyen Thi Doan agreed to continue bilateral efforts to ensure maritime security, underlining the importance of respecting the rule of law.   Kishida and Doan also discussed matters related to the South China Sea


French Coast Braced for Giant Tide

Photo by France’s National Hydrographic Service

  Towns on France's North Atlantic coast braced for their first giant tide of the millennium on Saturday as the full moon and this week's solar eclipse combined to create an ocean surge not seen since 1997. At the picturesque Mont Saint Michel island where some of the biggest tides in the


NATO Warships in Black Sea Naval Exercises

Standing NATO Maritime Group 2 will resume patrols in the Mediterranean Sea following a series of NATO training exercises in the Black Sea - Photo courtesy of HQ MARCOM Public Affairs Office

 NATO ships assigned to Standing NATO Maritime Group Two (SNMG2) have completed their participation in joint NATO training exercises and maritime situational awareness operations in the Black Sea.   Warships of from six NATO countries – the US, Canada, Turkey, Germany


A Better Charter Market in 2016?

Pic: Hanjin Shipping Ltd

 Shipowners that charter out container ships to liner operators are hopeful that 2016 will bring increased demand and higher charter rates for containerships, JoC reports.    Sentiment is changing in container shipping where, for the first time in five years


FSL Trust Signs Charter Agreement with US Oil Company

  Alan Hatton, CEO of FSL Trust Management (photo courtesy of FSL Trust Management)

  FSL Trust Management Pte. Ltd. (FSLTM), as trustee-manager of First Ship Lease Trust, has entered into a two-year time charter agreement with a prominent US domestic oil company for the FSL Hong Kong, a 115,000 dwt crude oil tanker built in 2007.  


Canada's Ferry Operators Highlight Safety

As Canadians remember the tragic sinking of the Korean ferry, MV Sewol, one year ago today, Canada’s ferry operators remind Canadians of the notable safety track record of its sector.    Through a short video posted online, the Canadian Ferry Operators Association (CFOA)


Seapilot Class B AIS Available in North America

Seapilot WiFi-AIS CTRX Graphene (Image: True Heading)

True Heading, a manufacturer of Automatic Identification System (AIS) solutions, GPS compasses and app navigation, announced its complete line of Graphene Class B AIS transponders have received type approval and are now shipping in the North American market.  


AAPA Elects Quinn as Chairman of the Board

Jim Quinn (Photo: AAPA)

The American Association of Port Authorities (AAPA) elected Jim Quinn, president and CEO of New Brunswick, Canada’s Port Saint John, to serve as the international trade association’s chairman of the board for the 2015-16 activity year.  


Growth Potential of European Short Sea Shipping Untapped

The Organisations which have endorsed the letter

  A coalition of European shipping sector organisations, led by the European Community Association of Ship Brokers and Agents (ECASBA), has called on the European Parliament, Commission and Member States to honour the commitments to support short sea shipping that were made in May last year






 
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