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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Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter.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


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


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


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.


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


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


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


Essar Ports Profits up by 5%

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  Essar Ports Ltd. a part of Essar, today announced its unaudited results for the quarter ended 31st December 2014. Highlights of Consolidated Results: Revenue for the quarter stands at Rs. 434.3 cr, an increase of 9% over corresponding quarter in FY14.


ClassNK Updates Ship Maintenance Checklist

ClassNK has released the latest version of Good Maintenance Onboard Ships (January, 2015), a checklist designed to be used by shipmasters, crew, shipowners and other key personnel to ensure vessels are safe, well-maintained and comply with regulations.  


USA West Coast Congestion Status

The states shown in dark red are included in the term West Coast or Pacific Coast

  Given the uncertainty of the situation faced on the US West Coast, Hapag-Lloyd would like to offer a port status update: Status of Ports: Vessel production across the West Coast remains lower than normal. Vessels have been forced to anchor due to slow vessel turn times in the ports


Rescue at Sea Guidelines Updated

The updated and revised “Rescue at Sea:  A guide to principles and practice as applied to refugees and migrants” is now available for download.   The guidelines, jointly prepared by the International Maritime Organization (IMO), the International Chamber of Shipping (ICS)


ClassNK Updates Container Stowage Guidelines

Photo courtesy of Hamburg Süd

ClassNK has released the second edition of its Guidelines for Container Stowage and Securing Arrangements. The update comes in response to recent industry changes as the amount and size of container carriers increases more than ever before, the classification society said.  


New Container Guidelines from ClassNK

image: file photo (courtesy ClassNK)

ClassNK releases updates to its Guidelines for Container Stowage and Securing Arrangements. Classification society ClassNK (Chairman and President: Noboru Ueda) has released the second edition of its Guidelines for Container Stowage and Securing Arrangements


NMEA Updates Installation Standards

2014 edition of NMEA 0400, Version 4.00 features extensive updates and new information   The National Marine Electronics Association (NMEA) has published Edition 2014, Version 4.00 of the NMEA 0400 Installation Standard, which contains information on new technologies


Transas Installs ECDIS Simulators at Romanian University

Photo: Constanța Maritime University

Romanian university Constanța Maritime University will provide ECDIS training in accordance with the STCW 2010 requirements    Transas Marine has installed the ECDIS simulator class at the Constanța Maritime University (CMU), one of the first maritime schools in Romania to launch


World Magnetic Model Updated

The WMM is a large-scale representation of Earth’s magnetic field. The blue and red lines indicate the positive and negative difference between where a compass points the compass direction and geographic North. Green lines indicate zero degrees of declination. (Credit: NOAA)

NOAA and British Geological Survey make critical changes to World Magnetic Model to ensure accurate navigation   NOAA officials announced today the World Magnetic Model (WMM), a representation of Earth’s large-scale magnetic field and an indispensable complement to GPS devices used by


Northrop Grumman Sponsors Jubilee Sailing Trust

  Northrop Grumman Corporation (NYSE: NOC) is among the sponsors of  the Jubilee Sailing Trust (JST), a registered charity whose mission is to promote the integration of people of all physical abilities, including injured and recovering servicemen and women


Strike to Paralyze Belgium

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  Inchcape Shipping Services (ISS), the world's leading maritime services provider, is advising that Belgian trade unions have called a national strike for Monday. The strike, which will commence at midnight on 14 December and will continue through to midnight on 15 December


ICS Publishes Chemical Tanker Safety Guide

ICS Secretary General, Peter Hinchliffe

A fully updated edition of the definitive industry guidance on the safe operation of chemical tankers has just been published by the shipping industry’s global trade association, the International Chamber of Shipping (ICS).   The new edition of the ICS Tanker Safety Guide (Chemicals)


Oil Prices will Produce BP Job Cuts

BP is to axe middle managers and could freeze projects as it grapples with the plummeting oil price, The Sunday Times reported, citing finance director Brian Gilvary. "What you'll see with this simplification plan is that headcounts are starting to come down across all of our activities in


ClassNK Launches Technical Reviews

  Accessing the latest research findings or information on new technologies and incoming regulations as they emerge can prove challenging. To help make access easier, leading classification society ClassNK (Chairman and President: Noboru Ueda) announced the release of its technical review


MSC Approves SOLAS Amendments

SOLAS amendments to make IGF Code mandatory approved by Maritime Safety Committee   The International Maritime Organization’s (IMO) Maritime Safety Committee (MSC), which met at the Organization's London headquarters for its 94th session, from November 17-21, 2014






 
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