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Provides Update

Aries Maritime Transport Provides Update on the Bora

Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter. Mons S. Bolin, President and Chief Executive Officer, commented, "Rates for products tankers remain firm and we are actively pursuing a new charter for the Bora in the international market. We remain committed to employing our vessels on period charters with leading charterers in order to provide shareholders with a stable revenue and dividend stream."


Aries Maritime Provides Update on the Ostria

Aries Maritime Transport Limited announced the Ostria, a 2000-built products tanker, has returned to service effective January 13, 2008 following the completion of previously announced repairs and preventative maintenance works. The vessel is currently deployed in the spot market as the Company explores period charter opportunities. Aries has received an initial payment of approximately $850,000 in respect to its claim under repairs insurance for the Ostria


Maritime World Joins Together at Asia Pacific Maritime 2001

With an expanded profile and vast interest from the marine industry, this year's Asia Pacific Maritime is scheduled to be the largest ever since its commencement in 1990. The exhibition, which will be held from September 5-7, 2001 and organized by PSA Exhibitions and Reed Exhibition Companies, is expected to draw key industry members from more than 500 companies worldwide. International participation is from 12 country groups — including Belgium, China, Denmark, France and Norway.


ABS Wins Classification Award

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At the 5th Annual International Maritime Awards, presented at ShipTek, ABS received Marine BizTV’s award of Best Classification Society. The occasion marks the second year the society received the award. “Service delivery is paramount to our classification society,” said ABS Regional Vice President, Middle East Region, Joe Brincat.  “We have maintained our focus on providing additional technical and software services to enhance our class services


Royal Caribbean Cruises Added to NASDAQ Sustainability Index

Serenade of the Seas: Photo credit RCL

Royal Caribbean Cruises Ltd (RCL) recognized as one of the top 100 companies in the world for its sustainability practices. The NASDAQ OMX CRD Global Sustainability Index is designed to track the performance of companies that are taking a leadership role in sustainability performance reporting. These companies have voluntarily disclosed their carbon footprint, energy usage, water consumption, hazardous and non-hazardous waste, employee safety, workforce diversity


Middle East Remains Only Low-cost Oil Source: New IEA Report

Report frontispiece: Image IEA

The rising demand for cleaner and flexible energy from two emerging major economies, China and India, may keep the petrochemical market tight, although the shale gas boom in the US is disturbing energy markets around the world, considers the International Energy Agency's (IEA) 'World Energy Outlook, 2013'. Large differences in regional energy prices are set to affect industrial competitiveness, influencing investment decisions and company strategies


American Superconductor Provides Update

American Superconductor Corporation issued an update on recent advances in the utilization of high temperature superconductor (HTS) wires in electric power applications, including power generation, transmission and distribution, and ship propulsion electric motors. Power Generation: On October 28, GE announced its plans for the development of high efficiency electric generators based on high temperature superconductor (HTS) wires (see


Navy Missile Likely Hit Fuel Tank on Disabled Satellite

Fire Controlman 2nd Class Andrew Jackson, a native of Ray Town, Mo., launches a Standard Missile-3 (SM-3) from the Combat Information Center aboard the Ticonderoga-class guided missile cruiser USS Lake Erie (CG 70). Lake Erie fired a single modified tactical Standard Missile-3 (SM-3) and successfully impacted a non-functioning National Reconnaissance Office satellite approximately 247 kilometers (133 nautical miles) over the Pacific Ocean, as it traveled in space at more than 17,000 mph. U.S


N. American World Maritime Day Observance features Piracy, Stewardship, Safety

Piracy will be the focus of this year’s North American World Maritime Day Observance being held in Tampa, FL on October 27th followed by a US Coast Guard Missions conference on October 28th which will feature panel discussions on the stewardship, safety and security missions of the Coast Guard.  Both events will be held at the Marriott Waterside in Tampa and are free and open to the public.  North American regional representatives from industry


PMA and ILWU Provide Update on Contract Talks

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  The International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) today issued the following statement: The parties have agreed to take a 72-hour break from negotiations on a new coast-wide contract while the ILWU attends to an unrelated negotiation taking place in the Pacific Northwest. During this break, starting at 8 a.m. on Tuesday, July 8, through 8 a.m. on Friday, July 11, the parties have agreed to extend the previous six-year contract


NAVTOR, AWT Pact Heralds in e-Nav Integration

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E-navigation pioneer NAVTOR has signed an agreement with maritime weather routing specialist Applied Weather Technology (AWT) that will see the two companies integrating their services to offer the ultimate in route planning and decision making tools


Fire at Milazzo Refinery Impacts Docks

Inchcape Shipping Services  is advising of extensive disruption after a fire broke out Friday afternoon (27 September) at Italy’s energy giant Eni and Kuwait Petroleum’s jointly owned Milazzo oil refinery, near the northeast coast of Sicily.


Report on MOL Comfort Incident is out

MOL Comfort

  In response to the casualty of “MOL COMFORT” which occurred on 17 June 2013, ClassNK established the Investigative Panel on Large Container Ship Safety, comprised of leading experts from shipbuilders, shipowners and academic institutions


BCG Upgrades Virtual GMDSS Simulator

Image courtesy of Buffalo Computer Graphics

Buffalo Computer Graphics (BCG) Inc. released an updated version of its Virtual Global Maritime Distress and Safety System (VGMDSS) Simulation software. BCG’s VGMDSS software is comprised of emulations of commercially available components to make up a complete suite of virtual devices


KVH, Transas Team Up for Electronic Charts Update

KVH IP-MobileCast CHARTlink to deliver Transas automatic chart updates to vessels at sea via multicasting technology KVH Industries, Inc., and Transas announced today a strategic relationship designed to ensure vessels at sea receive affordable, timely updates of mandatory electronic chart data


ChartCo Debuts Improved Navigation Data Software

Photo courtesy of ChartCo

ChartCo, a division of Kelvin Hughes, recently announced the release of a new  version of its PassageManager data management software. This latest release - PassageManager 5.1 - will be on display at SMM and incorporates a number of new features and improvements. New Features


MN 100: KVH Industries, Inc.

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50 Enterprise Center Middletown, RI 02842 Tel: (401) 851-3824 Email: jconnors@kvh.com Website: www.kvh.com President & CEO: Martin Kits van Heyningen   The Company: KVH Industries is a manufacturer of solutions that provide global high-speed Internet, television


DW Release World Drilling & Production Forecast Update

Offshore drill rig: File photo

The new quarterly issue (Q3) of Douglas-Westwood’s (DW) World Drilling and Production Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Iraq, Libya and Uzbekistan. DW inform that the report now also includes forecasts for Bangladesh, Israel


NOAA Orders Newbuild Navigation Response Boats

NRT5 surveys the Potomac River

NOAA today announced that Lake Assault Boats of Superior, Wisconsin, will build two small vessels for the Office of Coast Survey's navigation response program, part of a plan to eventually replace all six of the program's small survey boats. The combined cost of both 28-foot vessels is $538,200


ClassNK Update Design Support Tool for EEDI Verification

Image courtesy of ClassNK

Minimum propulsion power evaluation software extended to calculate added resistance in irregular waves Classification society ClassNK has released the latest version of its PrimeShip-GREEN/MinPower software. The software was originally developed by ClassNK and released in April 2014 to help


Transocean: Fleet Update Summary

Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since August 21, 2014. According to the update


Salamander to Start Drilling in G4/50, Gulf of Thailand

Image for G4/50, Gulf of Thailand

  Salamander announces that its Environmental Impact Assessment (“EIA”) for exploration drilling in the G4/50 licence, Greater Bualuang area, Gulf of Thailand, has been granted conditional approval. Of  the 20 drilling locations in the original EIA


Naming of M/V “SITC SHANDONG” at CSBC Shipyard

Mr. Yang Shaopeng,Chairman of SITC International(sixth right)and Mr.Lai Shangui, Chairman of CSBC(fifth Right)

The Naming Ceremony of M/V “SITC SHANDONG” was held yesterday in Keelung Factory of CSBC Corporation, Taiwan, by SITC International Holdings Co., Ltd. (SITC International) and CSBC Corporation, Taiwan.(CSBC). Mr. Yang Shaopeng, Chairman of SITC International, and Mr


ISS Chile Advising on Oil spill at Quintero Bay

Site of the oil spill South beach of the Primera Angostura in the Magellan Straits (Estrecho de Magallanes)

  Inchcape Shipping Services (ISS) Chile is advising of an oil spill at Quintero Bay, Nr Valparaiso, Chile, following an incident on Thursday 24th September at the Monobuoy Terminal when the MT Mimosa cut off hoses and cargo connection, resulting in a spill of around three cubic metres at sea


New Assistant Secretary WSDOT Sets Her Priorities

Vigor Shipyard tour: Photo WSF

In the latest Washington State Ferries 'Weekly Update' newly appointed Assistant Secretary WSDOT/Ferries Division, Lynne Griffith, sums up as she completes her first week's duties: "As I close out my first week as Assistant Secretary






 
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