Sea Star Line, LLC (Sea Star) announced that it has reached an agreement to acquire the assets of Navieras/NPR, Inc. (NPR) and of certain related entities. The agreement covers the purchase of ships, equipment, assignment of terminal leases, trade names and other assets related to NPR's Puerto Rico service. The purchase agreement, subject to U.S. Bankruptcy Court approval, will become effective at the end of April 2002. Sea Star's expanded service will provide the premium intermodal transportation system between the continental United States and Puerto Rico, the Dominican Republic and the U.S. Virgin Islands. The operation will combine Sea Star's versatile RoRo/LoLo service with Navieras' market-leading container service. Sea Star customers will enjoy greater frequency of service including a weekly sailing between Philadelphia and San Juan, while Navieras customers will also enjoy improved frequency between Florida ports and San Juan plus access to a wider range of container and trailer sizes and types.
Company Receives New Refrigerated Containers and Places Order for New Genset Equipment Sea Star Line, LLC began receiving the first of its new 100 40’ and 45’ refrigerated containers ordered as part of its equipment replacement plan announced in August 2014. The replacement plan aims to reduce the average age of the entire Sea Star Line refrigerated container fleet to less than three years.
Florida-Based Sea Star Line LLC Agrees to Plead Guilty and Its Former President Is Indicted for Price Fixing on Coastal Freight Services Between the Continental United States and Puerto Rico Sea Star Line Also Agrees to Pay $14.2 Million Criminal Fine. Sea Star Line LLC has agreed today to plead guilty and to pay a $14.2 million criminal fine for its role in a conspiracy to fix prices in the coastal water freight transportation industry, the Department of Justice announced
Sea Star Line announced that it is implementing a general rate increase, effective April 1, 2012. The general rate increase of 3.5 percent increase will be administered on shipments between U.S. ports and Puerto Rico. Sea Star Line cited escalating operational costs as the main driver for the increase. “Sea Star Line remains committed to the Puerto Rico trade and needs to implement rate increases and other activities to help to ensure continued profitability
US-based Sea Star Line brings in new VP sales, gives further responsibilities to VP Caribbean Sea Star Line, LLC announced today that Bill Taylor will assume leadership of Sea Stars United States sales team as Vice President, US Sales. Eduardo Pagan, who held the position of Vice President, Commercial Services will now hold the position of Vice President and General Manager, Puerto Rico and Caribbean. We are extremely pleased to have Bill on board as he brings 30 years of sales
In June 2014, Sea Star Line partnered with the 11 clubs of the Boys & Girls Clubs of Puerto Rico in a contest to name the new liquefied natural gas (LNG) vessels which will be dedicated to the Puerto Rico trade by TOTE, Sea Star Line’s parent company. The Marlin Class vessels have attracted international attention as the first cargo ships in the world to run on natural gas. In addition to their improved environmental profile
Tidewater Inc. (NYSE:TDW) announced on March 28 that William C. O'Malley, the company's Chairman, President and CEO for most of the past eight years, has officially stepped down as Tidewater's CEO, handing over the reins of leadership to Dean E. Taylor. Taylor, 53, has served as President of Tidewater since October 2001 when O'Malley, 65, announced his impending retirement at the end of March 2002. Taylor's career with Tidewater started in 1978 where he served as an assistant manager in the
Former Executive Convicted for Role in Price-Fixing Conspiracy Involving Coastal Freight Services Between the Continental United States and Puerto Rico. Following a two-week trial, a federal jury in Puerto Rico today convicted a former executive of a Florida-based coastal water freight transportation company for his participation in a conspiracy to fix rates and surcharges for water transportation of freight between the continental United States and Puerto Rico
Tim Nolan, as Executive Vice President, will report to Peter Keller, President and be domiciled at Sea Star headquarters in Jacksonville, Florida. Tim has a broad background in liner shipping to include management accountabilities in Chile, as well as, the Latin America and Caribbean trades. He has also been involved in business development and International logistics management. Most recently he was senior vice president and general manager for a major International Logistics Operator
While in transit from Jacksonville, Florida to San Juan, Puerto Rico, the crew of Sea Star Line’s El Morro vessel received distress calls from a small fishing vessel in the Atlantic Ocean. The fishing vessel was attempting to hail the U.S. Coast Guard’s Jacksonville Sector with no success due to a weak transmission signal. The crew of El Morro intercepted the communications from the fishing vessel and began relaying information to the U.S Coast Guard in Jacksonville.
Star Bulk Carriers Corp. a global shipping company providing transportation solutions in the dry bulk sector, today announced the sale of M/V Star Mega, a 170,631 dwt Capesize vessel, built in 1994, to an unaffiliated third party.
Star Bulk Carriers Corp., a global shipping company providing transportation solutions in the dry bulk sector, today announced the sale of M/V Star Christianna (a 74,577 dwt Panamax vessel, built in 1998) to an unaffiliated third party.
Fred van Beers, the newly appointed CEO for Blohm+Voss, unveil details of an aggressive new investment plan in the superyacht sector. Over the next year, the company is restructuring some independent divisions under the same roof
“Viking Sea”, the second of three ships which Fincantieri is currently building for the company Viking Ocean Cruises, was launched today at Fincantieri’s shipyard in Ancona. Interior fittings will now begin, leading the ship to its delivery scheduled in spring 2016.
To develop its large fleet, Groen Offshore, Guard & Support has selected the first Damen Twin Axe Fast Crew Supplier 2610 to be customised with Offshore Oil & Gas standby capabilities. The Netherlands-based company will deploy the new vessel on long-term charter for a major E&P
Tall ship sailing specialist Star Clippers has announced that it has started building a fourth ship to add to its fleet of graceful square-riggers; its first new-build since the launch of Royal Clipper in July 2000. The new vessel, yet to be named
As a result of the recent successful completion of sea trials on-board the high speed car and passenger ferry, Blue Star Delos, Eco Marine Power (EMP) has now cleared the Aquarius MAS + Solar and Aquarius Marine Solar Power solutions for commercial release.
Ship capsizes in "tornado" on southern stretch of Yangtze. Rescuers fought bad weather on Tuesday as they searched for more than 400 people, many of them elderly Chinese tourists, missing after a cruise boat was buffeted by a freak tornado and capsized on the Yangtze River.
Vessel sales for May 2015 (as of June 1) as prepared by Shipping Intelligence, Inc., New York. Date Reported - Vessel Name - DWT - Built - (Age) - Price in Millions USD Bulk Carriers 5/26 - SEA RACER - 18,320 - 00 - (15) - $3.5 5/12 - BIRCH 5 - 26,045 - 97 - (18) - $2.8
Death toll more than doubles to 19, more than 400 missing. Rescuers searched a sunken cruise ship in the Yangtze River on Wednesday for more than 400 missing people, many of them elderly, but hopes of finding more survivors were fading in what could be China's worst shipping disaster in almost
Eli Vassenden, COO Ship Management in Grieg Star, has been awarded the WISTA LeaderShip Award 2015 by WISTA Norway as recognition of her contribution the maritime industry, her competency and leadership skills within the traditionally male dominated role of COO
Huge cranes righted the Eastern Star, the capsized Chinese cruise ship, but still submerged in water. The next step would be to lift it. Authorities said they would search every cabin, the official news agency Xinhua reported.
The U.S. Coast Guard Cutter Eagle arrived in Norfolk Friday for the 2015 Norfolk Harborfest. The Eagle will be open for public tours on the following schedule: Friday, June 5 from 2:30 to 7 p.m. Saturday, June 6 from 10 a.m. to 4 p.m. Sunday, June 7 from 10 a.m. to 7 p.m.
Ferus Smit informs it will launch Nb. 418 Nordana Star for Symphony Shipping on Friday, July 3, at its shipyard in Leer, Germany. Nordana Star is the second vessel in a series of six to be delivered to Symphony Shipping. As her name reveals
Egypt received a cargo of liquefied natural gas from Australia after the exporter sent two shipments to the region in the past two years, signaling increasing demand, reports The Daily Star. The Woodside Rogers tanker arrived at Egypt's Ain Sokhna terminal Thursday after loading at