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New Barge Fleeting and Switching Operation in Cairo Harbor

 American River Transportation Company (ARTCO), a subsidiary of Archer Daniels Midland Company (ADM), today announced plans to launch new barge fleeting and switching operations in the Cairo, Illinois, harbor starting January 1, 2016.    The Cairo harbor is a vital hub in the inland waterway supply chain. The new operation will be based in Wickliffe, Kentucky, and will provide fleeting and switching operations from mile 948 on the Lower Mississippi River to mile 29 on the Upper Mississippi and mile 974 on the Ohio River.   “ARTCO is the only company in the inland waterway system that can provide a self-contained supply chain to our customers, which allows us to provide better, more efficient and cost-effective service,” said Jason Porter, vice president, ARTCO operations. “This new location provides strategic access to the Lower Mississippi, Upper Mississippi and Ohio Rivers and will allow ARTCO to directly provide a complete range of services in the Cairo market without relying on any third-party support, giving our customers a truly one-stop solution to meet their worldwide transportation demands.” 


WRSystems Wins Navy Contract up to $140M

W R Systems, Ltd. (WRSystems) has been awarded a $26,946,956 contract from the U.S. Navy to provide engineering technical support services for navigation systems in the U.S. and abroad. Seventy-five percent of the contract work will be performed in Hampton Roads, Va. through WRSystems’ Engineering Services Division in Norfolk, Va. The value of the contract could reach an estimated $140,601,392 if all options are exercised. The company is based in Fairfax, Va


CMA CGM: Significant Recovery in Operations

Operating profit for the CMA CGM Group is expected to return to the breakeven point in December 2009, ahead of the company’s cautious forecasts in September 2009.   The savings plan applied throughout all segments of the group, combined with increasingly firm volumes and rates, is already producing its initial effects. The recovery of operating profit illustrates the shipping expertise of the CMA CGM teams, which have been entirely focused on achieving this objective.  


Transocean Provides Fleet Update Summary

transocean.bmp

Transocean Ltd. (NYSE: RIG) (SIX: RIGN) today issued a monthly fleet update summary covering only newly signed contracts, significant changes to existing contracts and changes to estimated out of service time of 60 days or more since our quarterly fleet status report dated April 14, 2011. Drilling rig status and contract information on the company's offshore drilling fleet has been condensed into a report titled "Transocean Fleet Status Report


General Dynamics Bags $ 50 mi Submarine Contracts

Submarine Modernization Program for U.S. and Australian Navies

  General Dynamics Advanced Information Systems, a business unit of General Dynamics was awarded two contract modifications totaling $50 million to continue supporting the AN/BYG-1 combat control system aboard U.S. Navy and Royal Australian Navy submarines, as part of the AN/BYG-1 modernization program for the tactical control systems (TCS) and weapons control systems (WCS). General Dynamics is delivering enhanced capabilities across multiple submarine platforms


Mastering Fleet Management

The Proving Ground.  Maritime innovation is in the Norwegian DNA, and its rugged coasts and waters have made, and broken, a long list of maritime technologies.

Fleet management software developer Tero Marine has served the shipping industry for nearly three decades with a product range led by its software suite TM Master, now a leading fleet management brand with more than 2,000 licenses worldwide. The Bergen, Norway-based company and its fully integrated marine information system TM Master have managed to stay competitive amidst an explosion of companies providing fleet management and software solutions to the maritime market


SeaKits Releases V3.0 for Fleet Maintenance Support

SeaKits, the developer and provider of the Marine Maintenance System (MMS), has released Version 3.0 of MMS Fleet Solutions providing expanded functionality for workboat fleets, including passenger, tow and service vessels. MMS Fleet Solutions V3.0 provides Port Engineers, Maintenance Managers, and company executives with fleet-level visibility of all planned and corrective maintenance activities including maintenance schedules/forecasts, work orders, and inventory levels


AWT Wins Safety at Sea Award

Applied Weather Technology, Inc. (AWT) announced that an expert judging panel has selected AWT, with its innovative fleet management system GlobalView, as the winner of the Systems category for the fifth annual Safety at Sea International Awards. AWT was also recognized as a finalist in the category of Security.   Introduced in 2010 as the first fleet management system to provide critical maritime data within the visual presentation of Google Earth technology


U.S. Navy Renews PPG PMC Contract

Contract includes AMERCOAT, PSX coatings for 110-ship global fleet PPG Industries’ protective and marine coatings (PMC) business was awarded a five-year contract by the U.S. Navy’s Military Sealift Command (MSC) to continue providing coatings, solvents and technical services to its global fleet of 110 ships. Tim Knavish, PPG vice president, protective and marine coatings, said the contract extends PPG’s commitment to serving the U.S. Navy and other military services


At-Berth Regulation Advisory Forms Available

Forms for the At-Berth Regulation Advisory have been posted to the Shore Power website. As specified in the December 2013 Regulatory Advisory, fleets need to notify ARB of their intention to qualify for temporary relief under each scenario they intend to use. Fleets also need to provide evidence that they have made a good faith effort to comply with the At-Berth Regulation. To do this, fleets must complete the "December 2013 Regulatory Advisory Notification" form and return it by


Dryships to Expand into VLGC sector

The Table

DryShips Inc. announced today that, it has agreed to enter into a “zero cost” Option Agreement (“LPG Option Agreement”) with companies controlled by its Chairman and Chief Executive Officer, Mr. George Economou, to purchase up to four high specifications Very Large Gas


Gulf Navigation forms JV with Polimar Turkish

Photo: Gulf Navigation Holding

 Dubai-listed Gulf Navigation Holding has announced a partnership with Polimar Turkish Holding to grow its fleet and increase its global reach. Under the agreement, Gulf Navigation said it would be able to serve customers in major trading ports worldwide.  


Top 10 Ship Owning Nations

© Masson / Adobe Stock

Kicking off the New Year, VesselsValue has put together a list of the top 10 ship owning nations by fleet value in 2017.     Greece - $84.079 billion Japan - $80.169 billion China - $68.333 billion Singapore - $38.052 billion


Seacat Set for Offshore Wind Rush

Courtesy Seacat Services

Class-leading OESV operator invests in personnel and moves into new Isle of Wight HQ as it prepares for ramp-up in offshore wind construction   9th January 2017, Isle of Wight – Class-leading offshore energy service vessel (OESV) operator, Seacat Services


Bimco Expects 'Die-hard Competition' to Continue in 2017

Photo: World Shipping Council

 2017 will see another year of die-hard competition, which now includes tankers, says International shipping association Bimco.  The shipping industry has its work cut out going forward in 2017 as the International Monetary Fund (IMF) forecast the lowest level of global GDP growth since


The American Club Celebrates Its Centenary

	Joe Hughes, Chairman and CEO of the American Club’s managers, Shipowners Claims Bureau, Inc. (Photo:  American Club)

The American P&I Club was founded in New York nearly a century ago. To celebrate its first 100 years, a book entitled The American Club: A Centennial History has just been published.   The book tells the story of the Club across ten decades of maritime and marine insurance history both


Tarbit Upgrades Its Safety Management System

Photo: Logimatic

Swedish tanker company Tarbit has signed a contract with Logimatic to implement SERTICA on its entire fleet.    Tarbit currently operates 14 tanker vessels and has ordered two new vessels, which brings them to a total fleet of 16 vessels in 2017


Op/Ed: Opportunities for US Shipyards in 2017 and Beyond

Matthew Paxton (Photo: SCA)

SCA’s Matt Paxton weighs in on the state of domestic shipbuilding – workboat building & everything in between.   As President of the Shipbuilders Council of America, the national trade association representing the U.S. shipyard industrial base


Global Container Fleet Market to Grow 3% in 2017-21

Photo by CMA CGM

 A report forecasts the global container fleet market to grow at a CAGR of 3.19% during the period 2017-2021. The report says key vendors in the market are Maersk, CMA CGM & MSC.   To calculate the market size, the report by Research and Markets  considers volume based on


ISS Expands Business with Team Tankers International

Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has greatly expanded its European business with Team Tankers International with a new port agency contract across the region.   Under the new agreement with the chemical tanker specialist


Multipurpose Shipping Freight Rates Expected to Improve

Photo: Drewry Maritime Research

The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry.


New Fast Rescue Boats for P&O Ferries

Photo: Survitec

Survitec Group announced  that P&O Ferries have installed two new Survitec BRUDE Explorer-720 fast rescue boats onto their vessels, the Pride of York and the Pride of Bruges operating on the North Sea route between Hull and Zeebrugge.


Multipurpose Shipping Freight Rates to Improve by End 2017

Graph:  Drewry Shipping Consultants Limited

 The multipurpose shipping market will see the first signs of recovery by the end of 2017, following in the steps of the dry bulk and container shipping markets, according to the latest Multipurpose Shipping Market Review and Forecaster report published by global shipping consultancy Drewry.


DryShips Expands to Gas Carrier Market with Four New VLGCs

Image: DryShips Inc.

 DryShips Inc. has agreed to enter into a "zero cost" LPG Option Agreement with companies controlled by its Chairman and Chief Executive Officer,  George Economou, to purchase up to four high specifications Very Large Gas Carriers (VLGC) capable of carrying liquefied petroleum


Tug Huron Goes to Work in Duluth

Photo: Kenneth Newhams / Great Lakes Towing Company

The Great Lakes Towing Company said it has repositioned its Tug Huron to Duluth, Minn. on Monday, January 2, 2017 to enhance capabilities for icebreaking, harbor assist and other services essential to commercial shipping in the Duluth-Superior region.  






 
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