Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter.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 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
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.
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 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
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 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
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
Columbia Shipmanagement has placed an order with ChartCo Ltd to provide ChartManager services for its complete fleet of 140 vessels. As part of this agreement ChartCo will be providing data services to all vessels under the full technical management of Columbia Shipmanagement (CSM). The services provided will include ChartManager, an update service for digital Notices to Mariners and chart corrections. Delivery of the data will be via ChartCo’s unique broadcast service and ChartCo
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
Globavista drives greater efficiency in vessel fleets by providing enhanced operational intelligence to fleet managers with new software product updates, the developer announced. Globavista is a vessel tracking and monitoring product enhanced with a new User Interface allowing the
In July 2015 international regulation requires all tankers to be compliant with IMO rules for the use of ECDIS and ENCs. As many shipping companies start planning that changeover Global Navigation Solutions (GNS) has today published a white paper, The Ultimate Guide to Going Digital
Seminar to include information on updated IHO ENC Standards The United Kingdom Hydrographic Office (UKHO) has announced the details of its free-to-attend ECDIS Seminars at Nor-Shipping, which have been updated to include the implications for shipowners and operators of the updated IHO ENC
The TFAF was created at the request of developing country and least-developed country (LDC) members to help ensure that they receive the assistance needed to reap the full benefits of the Trade Facilitation Agreement and to support the ultimate goal of full implementation of the new
SpecTec will work with Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship, will receive a new update of the latest version of AMOS EMS, installing the Quality Management module
Inshore Rescue Boat Station upgraded as part of federal infrastructure commitment On behalf of the Honorable Gail Shea, Minister of Fisheries and Oceans, Pat Davidson, Member of Parliament for Sarnia-Lambton announced that the Government of Canada will fund work to upgrade the storage
Reliable and robust methods of positioning are required for safe vessel operations in close proximity to offshore installations. Dynamic positioning (DP) is well-established as a primary method of vessel positioning in the diving, drilling, construction, accommodation and shuttle tanker sectors
Simulators are used for many purposes in the offshore industry such as for work planning/mission planning purposes including engineering development, procedure development, technical assessments, research, and asset risk assessment. Importantly too they are used in the training environment and as
U.S. 10th Fleet (FCC/C10F) released its updated strategic plan, May 6, during a media roundtable at the Pentagon. Vice Adm. Jan E. Tighe, commander, FCC/C10F, met with members of the media to discuss the plan and the Navy's way forward in the cyberspace domain.
Dutch dredging and marine services company Boskalis said on Tuesday revenue was virtually unchanged in the first quarter and that its orderbook had slipped slightly from the end of 2014. The company said in a trading update it could not provide any clear guidance for 2015
The Indonesian Navy has taken delivery of a French-made KRI Rigel 933 multipurpose research vessel at Jakarta International Container Terminal 2, Tanjung Priok, North Jakarta, Jakarta Post reported. The ship was delivered from the OCEA Les Sables d'Olonne shipyard in France.
AXSMarine has launched an upgrade to AXSTanker – commonly known as AXSTanker4.0, a software solution for competitive shipbrokers in the Crude, Clean, Gas, Chemical and Product tanker space. Within the AXSTanker community, brokers have the option to share vessel position updates with other
The world’s first 18,800 TEU LNG-ready ultra-large containership, M.V. Barzan, was recently named at a ceremony in South Korea. MV Barzan is one of 17 (11 x 15,000 TEU and 6 x 18,800 TEU) advanced new containerships built by Hyundai Heavy Industries for United Arab Shipping Company (UASC)
Koden Electronics Co., Ltd. announced that its CVS-FX series echosounders (CVS-FX1, CVS-FX2 & CVS-FX2BB) are now fully compatible with the Olex 3D navigation system. Koden’s CVS-FX series is a frequency selectable digital broadband echosounder.
Ensco plcannounced today that its Board of Directors has declared a regular quarterly cash dividend of US$0.15 per Class A ordinary share payable on 19 June 2015. The ex-dividend date for this payment is expected to be 4 June 2015, with a record date of 8 June 2015.