Capital Product Partners L.P. announced that the deliveries of its eleventh and twelfth medium range (MR) product tankers, M/T "Apostolos" and M/T "Anemos I", from Hyundai Mipo Dockyard Ltd., a Korean shipyard, have been confirmed, ahead of the anticipated time of delivery, for September 20 and September 28, 2007, respectively. M/T "Apostolos" and M/T "Anemos I" are ice strengthened vessels (Ice Class 1A) and have carrying capacities of 47,782 dwt and 47,823 dwt, respectively. Both vessels are capable of carrying a range of refined oil products, chemicals (including ethanol and biodiesel feedstock), and crude oil worldwide. Both M/T "Apostolos" and M/T "Anemos I" have been fixed under time charters with Morgan Stanley Capital Group Inc. for three years at a base rate of $20,000 per day, subject to a profit sharing arrangement which allows each party to share, at a 50/50 percentage, additional revenues when spot rates are higher than the base rate. The purchase price for the two vessels of $56 million each will be fully funded through a drawdown on the existing revolving credit facility. The M/T "Apostolos" and M/T "Anemos I" are the third and fourth out of seven additional MR product tankers that Capital Product Partners L.P. has agreed to purchase from Capital Maritime & Trading Corp. The remaining three product tankers will be 51,000 dwt MR chemical/product tanker sister vessels that are scheduled for delivery in January, June
Capital Product Partners L.P. (CPLP) has announced the chartering of the M/T Avax to BP Shipping. The M/T Avax (47,834 dwt, IMO II/III Chemical Product Tanker built 2007 Hyundai Mipo Dockyard, South Korea) was chartered in October 2013 to BP Shipping for a minimum charter term of one year (+/- 30 days). BP Shipping has the option to extend the charter for an additional 12 months at a gross day rate of $15,600 per day.
MAN Diesel SE recently held a small celebration at its works in Augsburg, Germany. The event marked the start of acceptance testing of the final engine of eight ordered by shipowner Harren & Partner of Bremen, Germany, for a series of eight 16,500 DWT oil products and chemicals tankers being built at the Chinese Jiangnan Shipyard. As well as representatives from the shipowners, delegates from investors in the ships also participated at the celebration.
ShipVertical Internet Group has signed an agreement to enter into partnership discussions with Marine Digital, the Korean-based global maritime marketplace for shipbuilding, ship cargo, ship bunkering, ship sale & purchase, and fishery markets. The agreement enables both parties, ShipVertical Internet Group and Marine Digital, to exchange products/service platforms on the web, to mutually benefit from each party's distribution network
General Dynamics NASSCO began construction of the second ship of its new class of product carriers. The shipyard is scheduled to lay the ship’s keel in June and deliver the ship to U.S. Shipping Partners in the second quarter of 2009. In August 2006, NASSCO received a $1b contract from U.S. Shipping Partners to build nine ships. The ships will be double-hulled, 600.4 ft. in length and displace 49,000 dead weight tons
Capital Product Partners L.P. (CPLP) attribute fourth quarter 2012 net loss to a US$43.2-million impairment charge. CPLP an international owner of modern tanker, dry bulk and container vessels has released its financial results for the fourth quarter ended December 31, 2012. The Partnership's net loss for the quarter ended December 31, 2012, was $35.0 million, including an impairment charge of $43.2 million, which is a non cash item
Simrad U.K. has been appointed as the official distributor of Suzuki Brand products into the U.K. and Ireland. The distribution deal allows Simrad to stock and sell Suzuki Marine products in both markets, greatly expanding the huge choice that Simrad already offers the fishing industry. Suzuki manufactures a range of low-cost searchlight Sonars and Echosounders, which perfectly compliment Simrad’s existing fishing product
Pumping Machinery and Pumping Solutions, Inc. have formed a partnership, to provide an expanded range of services to the pump users community. Pumping Machinery, based in New Jersey, is a provider of consulting, training and equipment field troubleshooting, while Chicago-based Pumping Solutions, is a full product range distributor of centrifugal and positive displacement pumps, compressors, and monitoring equipment.
Markey Machinery Company, Inc (USA) is actively seeking a partner in the South Pacific area. This partner will manufacture and help support machines designed and carrying the Markey brand. An opportunity exists for the right company to produce winches, windlasses, and capstans of the highest quality standards while serving the growing needs of the Australian-region market and demands exceeding our factory production capacity.
Abu Dhabi - To further meet the requirements of global vertical markets, Thuraya has recently signed a Service Partner agreement with Telespazio VEGA United Kingdom, a subsidiary of Telespazio SpA, a Finmeccanica-Thales company. Through this partnership, Telespazio VEGA will distribute Thuraya’s integrated portfolio of satellite communications products, which includes Thuraya IP, a compact satellite broadband solution supporting 384 streaming
ASRC Energy Services Response Operations, LLC, a leading offshore spill response operator in Alaska, and Foss Maritime Company, one of the nation's largest coastal tug and barge operators, have formed a joint venture to together pursue marine services opportunities throughout Alaska
Capstone Turbine Corporation, a clean technology manufacturer of microturbine energy systems, announced the company's inclusion on Deloitte's Technology Fast 500, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and clean technology companies in North
Maui Acquisition Corp, the parent corporation of The Safariland Group, a global provider of a diverse range of safety and survivability products designed for the public safety, military, professional and outdoor markets has announced the appointment of Christopher E
Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a
Valve Automation & Controls (VAC), a W&O company and provider of fluid control solutions to the industrial, water, wastewater and marine markets, announced the expansion of its distribution territory with Chesterton to include Los Angeles and San Diego
Monjasa DMCC, a bunkering specialist, has chosen to implement the GL ShipManager system to optimize and streamline its ship management practices. Monjasa operates a fleet of 18 vessels, delivering fuels and lubricants to their customers around the globe and will implement the system onboard and
FleetWeather Ocean Services, Inc. introduced a business intelligence solution for the global commercial shipping and maritime industry. FleetWeather's new services provide insight, intelligence and innovation for global shipping leaders, helping them manage change
Exmar NV announced that it expects to submit to the United States Securities and Exchange Commission (SEC) the first draft registration statement for Exmar Energy Partners LP (the MLP). The initial public offering of the MLP's common units is expected to commence after the SEC completes its review
Products Join 100, 3000 Series Hydraulic Fluids and Safecare Cleaners as VGP Environmentally Acceptable Products that Deliver Technical Feasibility to Marine Industry. RSC Bio Solutions has announced that its EnviroLogic 200 and 200 EP series of Environmentally Acceptable Lubricants
Royal Dutch Shell plc is donating US$2.5 million, in response to the catastrophic typhoon Haiyan that struck the Philippines. The donation from the Shell Group will be used for rebuilding and rehabilitation efforts in the areas badly hit by typhoon Haiyan
The 144-foot towboat 'Stephen L. Colby ' struck a submerged object near LeClaire and sank. At the time of the sinking, nine crewmembers were aboard and all were able to make it to safety, reports the Coast Guard Sector Upper Mississippi River.
Maritime cluster Dubai Maritime City has announced its partnership with SalMar ASA, a Norwegian salmon farming company. The Dubai Cooperative Society for Fishermen, a Dubai government entity is supporting the new partnership. The venture is reportedly a "first-of-its-kind" in Dubai and
PortMiami is scheduled to receive its first shipment of cold-treated grapes from Peru on December 1, part of a new Cold Treatment Pilot Program that recently went into effect allowing cold treated products to be imported directly from Peru to the Port.
Wärtsilä's new Propulsion Test Centre has been established and funded by Wärtsilä with strong support from VTT Technical Research Centre of Finland, who will provide the resources to operate the facility. The test centre is located in Tuusula, southern Finland
Swedish ADVETO has with its close partners established a new ECDIS training program. During a seminar that was held recently at Adveto’s HQ in Stockholm the new Type specific training program (or ECDIS Familiarization Training) for Adveto’s type approved ECDIS was defined.