Aries Maritime Transport Limited announced that it has withdrawn the Bora, a 2000- built double-hull products tanker, from the vessel's charter with PDVSA, and is currently marketing the vessel for a new charter.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."
BSEE is providing updated guidance for the current and future hurricane seasons through a Notice to Lessees (NTL) released July 27, 2015. NTL 2015-G02 clarifies reporting requirements related to personnel evacuation, production curtailment, and shut-in activity. These reports are received and processed within BSEE’s hurricane response team and is required to help mitigate risks associated with hurricanes and tropical storms on the Outer Continental Shelf (OCS).
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
Guidance Notes and Guide provide information for choosing monitoring techniques and insights for achieving classification. ABS has published two documents to help industry with condition monitoring. The new ABS Guidance Notes on Condition Monitoring Techniques helps owners choose appropriate monitoring techniques, and the ABS Guide for Surveys Based on Machinery Reliability and Maintenance Techniques provides updated methodologies for achieving classification notations applied to machinery
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
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
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.
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 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 University College of Southeast Norway (USN) has contracted Kongsberg Digital to deliver a major upgrade of its maritime simulator park. The contract, signed on March 16, 2017, includes five new K-Sim ship’s bridge simulators to be delivered during Autumn 2017 in addition to a Long Term
In conjunction with Seatrade Cruise Global, DNV GL has published the classification society’s latest Cruise Update magazine. It features outstanding projects with customers, interviews with industry leaders, and technology trends in the cruise sector.
The technology group Wärtsilä launches its latest innovation SmartPredict at this year's Seatrade Cruise Global exhibition in Fort Lauderdale, Fla. from March 13 to 16. Developed by the company's dynamic positioning unit, SmartPredict is designed to provide safer and more efficient
ABB’s OCTOPUS marine software will improve the safety and efficiency of four new semi-submersible heavy lift vessels, using weather and loading data to plot the optimal route. The ships, owned by Greenland Heavylift Holdings, will transport gigantic cargoes such as oil rigs and jack-up rigs
A fire has broken out out aboard the U.S. car carrier Honor in the English Channel while the vessel was en route to Baltimore from Southampton on February 24. “The 21 crew are still on board the vessel and they are safe and well,” said Andy Jenkins, Commander for the U.K
ABB’s OCTOPUS marine software was chosen for four new semi-submersible heavy lift vessels currently under construction at CSBC Corporation in Taiwan, with the first expected to go into service in 2017. The ships, owned by Greenland Heavylift Holdings
Maritime law students in Malta have been introduced to key issues in maritime transport policy making in a seminar at the IMO International Maritime Law Institute (IMLI) in Malta (7-9 February). The event focused on the National Maritime Transport Policy (NMTP) concept
DNV-GL has issued an official certificate for PC Maritime’s Navmaster ECDIS after the company passed all the tests. Navmaster ECDIS is up-to-date against all current standards including the new IEC 61174 Edt. 4 and the IHO Presentation Library Edt 4.0.
Vesper Marine, a leading manufacturer of innovative marine safety products, announced today the release of its revolutionary smartAIS technology. Combined with award-winning, proven Vesper Marine products, smartAIS provides new capabilities – including the world’s first black box AIS
The new U.S. Maritime Advisory System establishes a single federal process to expeditiously provide maritime threat information to maritime industry stakeholders, including vessels at sea. The system, which was created by the U.S. Maritime Administration (MARAD)
Jim McCaul, founder of International Maritime Associates, sat with Maritime Reporter TV's Greg Trauthwein in Washington, D.C. to discuss key market trends affecting the global energy and maritime sectors. With inimitable insight, McCaul offers a candid look into the state of U.S
Lerwick Port Authority has detailed a series of objectives to meet its aim of running an efficient, cost-effective harbour, including continuing expansion of the infrastructure. The goals are featured in an interim Update produced ahead of publication of a new style annual report in Spring.
The Standard Club reported on the regulations issued by the Ministry of Transport of China which designated three emission control areas (ECAs) in its territorial waters. As mentioned therein, the implementation of low sulphur fuel is divided into stages in order to gradually
Back in 1994, GE’s technology helped power the 856-foot-long, 77,441-ton, Dawn Princess cruise vessel. Now decades later, GE will once again partner with Carnival Corporation to update the propulsion controls for Dawn Princess during its transition to Pacific Explorer
The effective implementation of IMO garbage regulations (MARPOL Annex V) on ships and in port reception facilities was the main focus of an IMO regional workshop on marine litter for the East Asian seas region, held in Jeju, Republic of Korea (5-8 December).