Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter.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
The entire suite of 1,000 official NOAA nautical charts has been available in digital raster form since 1995. These high quality, full color, geo-referenced images of NOAA's paper charts are made for use in computer-based navigation systems and work with GPS or other electronic positioning systems. They are produced jointly by NOAA and Maptech, Inc. under a cooperative research and development agreement (CRADA).
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
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
Russian energy company Gazprom takes a look at its marketing policy in the international markets of small & large-scale LNG supply in line with its updated LNG production and supply strategy, and decides to focus on the Asia-Pacific market.
Users of the Voyager Planning Station, developed by Global Navigation Solutions, the maritime services group, can now plot their route directly onto the official ENCs on board their vessel. Visitors to this year’s Marintec China exhibition will have the opportunity to see a demonstration of
Ships, barges, ferries, and recreational boats in the busy New York Harbor will be able to navigate more safely thanks to an updated version of the harbor’s nautical chart recently issued by NOAA that includes data gathered in the navigational response to the damage caused by Sandy in
To serve its growing commercial maritime customer base in the Asia-Pacific region, KVH Industries, Inc. said it has doubled the service delivered by the JCSAT-1B satellite, which is part of KVH’s mini-VSAT Broadband network. This additional capacity, available as of last month
DNV’s Enhanced Classification Rules for mobile offshore units presented in May have been further improved through a process of industry consultation and feedback. The final versions of the related DNV Offshore Standards have been released and are available now.
Maritime training provider Seagull announced the release of nine new eLearning titles. The fourth quarter release includes titles covering Electrical safety, Galley operations – nutrition, Nutrition and well-being – awareness, Electric propulsion – electrical machines
GE Marine reported that the United States Navy has ordered eight Digital Fuel Control (DFC) kits for LM2500 marine aeroderivative gas turbines. The DFC kits provide for improved gas turbine reliability and maintainability, yielding lower maintenance and reduced long term costs.
In celebrating its 10th anniversary of ABB China, Birger Myklebust, Vice President, Merchant Vessel Segment, ABB will discuss the following during the upcoming Expo in China Next level productivity: The power of integration - Sevan project, a case study
Swedish Adveto has through its distributor Westronic in Bergen secured an order consisting of software and ECDIS-kernel upgrade and new continuous 36 month support for 26 High Speed Crafts (HSC) passenger catamarans. The customer is Norled, the HSC operator in Norway.
Garmin International's update is described as a significant addition to an already extensive database of detailed lake cartography, new features have been added to provide unparalleled detail to the most accurate mapping on the market. “Cartography is such a crucial part of the fishing
Chemical Tanker safety comes into sharp focus in a new training course from leading maritime training provider Videotel Marine International. The newly-launched Advanced Chemical Tanker Course has been developed in conjunction with the Chemical Distribution Institute (CDI)
During the annual meeting of the Houston Ship Channel Security District (HSCSD) November 21, public safety, homeland security and police agencies will display infrastructure and equipment funded by the HSCSD used to mitigate threats and protect the Houston Ship Channel
During the annual meeting of the Houston Ship Channel Security District (HSCSD) November 21, 2013, public safety, homeland security and police agencies will display infrastructure and equipment funded by the HSCSD used to mitigate threats and protect the Houston Ship Channel.
NauticalManager from Jeppesen allows mariners to easily plan, generate and document routes using an ECDIS and onboard PC. It also makes it simple to create the reports required by port state control and class auditors for checking a vessel’s ECDIS compliance.
Contract signed to upgrade Collins Class Submarines Defence Minister Senator David Johnston announced the Defence Materiel Organisation has signed a multi-million dollar contract with ASC Pty Ltd to update the control management and monitoring system for the Royal Australian Navy’s