Marine link

Takes Two

AEP MEMCO LLC Doubles Headquarters

AEP MEMCO, a dry cargo barge operator will be growing its business in a new Class A office building emerging at Chesterfield Village in Chesterfield, Mo. AEP MEMCO LLC will more that double the size of its headquarters by taking two floors in the five-story, 100,600-sq. ft. Central Park Square Office I being developed by Sachs Properties. AEP MEMCO, based at Chesterfield Village since 1995, will occupy 42,000 square feet when the new building opens next year. The start of Central Park I marks the 40th anniversary of Chesterfield Village and opens the next chapter – Downtown Chesterfield – in the 1,500-acre development. Downtown Chesterfield will include a second six-story, 150,000-square-foot office structure and four pedestrian-oriented retail buildings totaling 26,000 square feet. AEP MEMCO employs 1,100 people nationwide, including 115 at it current headquarters. Knoy anticipates adding another 35 employees after the firm occupies its new headquarters taking shape on a 20-acre site in the 16000 block of Chesterfield Parkway West. The company currently operates out of 18,000 square feet of space in the Roosevelt Building at 16090 Swingley Ridge Rd.

Stena Bulk, Concordia Team to Order 10 Chemical Parcel Tankers


As shipyards around the world struggle for business, Stena Bulk and Concordia Maritime confirmed an order of up to 10 in-house designed chemical tankers. The ships will be built at Guangzhou Shipyard International (GSI) in China with deliveries beginning from spring 2014. When delivered, the 50,000-dwt vessels will be the most sophisticated in the Stena Bulk and Concordia Maritime fleet. The value of the order is $400 million if all ten ships are declared

GAC Mersey Installs UK Offshore Platform

Conwy Platform: Photo credit GAC

GAC Shipping UK completes the successful installation of the Conwy platform 40 miles off the port of Liverpool in good time The successful installation was completed only two months after a tug carrying the rig's jacket and topside - each weighing in at over 700 MT - set off from Rotterdam. GAC's Liverpool office was appointed by Dutch heavy civil engineering company HSM Offshore BV to provide an integrated package of support services to construct and hook-up the platform.

Capesize Momentum Likely To Continue Through End Of Year

The momentum in the Capesize shipping markets is likely to continue across the next month, shipping brokers said. However, continued rate strength in the New Year will depend on sentiment concerning Bocimar's intentions for the vessels it has on short term charters coming up for renegotiation from February. Current optimism in rates being maintained is based on recent timecharter fixtures of $20,500 a day for a modern bulk carrier East and $17,600 on a return trip to Europe, a broker said

Graig Group Secures Orders For Bulk Carriers

Cardiff-based Graig Group has secured seven firm orders for its modern double-hull ultra handymax Diamond 53 bulk carrier. Graig has ordered two Diamond 53's from Shanghai's New Century yard, Athens-based Thenamaris has taken two Graig orders from the same yard, and Scandinavian interests have confirmed, through Graig, three orders at Shanghai's Chengxi yard. First deliveries will begin in January 2005. A total of nine options have been granted by the two shipyards.

Russians Take Journalist To Kursk Site

Nearly a year after the Kursk submarine sank in the Barents Sea with the loss of all on board, Russia packed 99 journalists onto a ship and took them to the site of the catastrophe. The Kremlin says it wants to make the lifting of the 18,000 ton nuclear-powered warship a model of multi-media openness, after weathering fierce criticism last summer for its handling of an accident that is still shrouded in mystery. Horror at the loss of one of Russia's most modern submarines and her 118 crew

Refugees Give Greek Tour Operators an Extended Season

Placards in hand, travel agent Iakovos Bouchoris and his team scout for customers at Greece's busy Piraeus port, near Athens, where some 5,000 people arrived on Tuesday in a single day on ships from outlying islands close to Turkey.   Instead of the usual groups of German, Italian and Korean tourists, the tour operators were waiting for Syrian refugees; and rather than touring the ancient ruins of the Greek capital, they were heading north to the Greek-Macedonian border.  

Suezmax Tanker Delivered to NAT

Nordic American Tankers Limited (NAT) has today taken delivery of the first of two recently purchased secondhand Suezmax tanker vessels.   NAT announced in July that it had agreed to acquire two 2010-built ships for delivery in September and October 2015. The first of these ships was taken over by NAT today and renamed Nordic Light.   Upon delivery of Nordic Light’s sister ship in October, NAT will have a fleet of 26 Suezmax vessels including two new builds scheduled to be

As Interest in LNG Surges, Regulators Struggle to Keep Pace

Joan M. Bondareff

The use of Liquefied Natural Gas (LNG) as a transportation fuel for ships, barges and ferries has surged in recent months.  This surge is due, in large part, to the boon in the production of natural gas in the U.S.; new low sulfur rules for the North American Emission Control Area (ECA), which go into effect on January 1, 2015; and new technologies for the construction of engines capable of running on LNG.  Regulatory regimes both in the U.S

Star Bulk Adds Three Vessels

Photo: Star Bulk Carriers Corp

 Star Bulk Carriers Corp. announced that on July 15, 2015 it took delivery of M/V Goliath and M/V Maharaj, two 209,000 dwt Newcastlemax bulk carriers built by Nantong COSCO KHI-Ship Engineering Co.   In addition, on July 22, 2015 Star Bulk took delivery of M/V Star Aquarius, a 61,000 dwt Ultramax bulk carrier built by Japan Marine United.   Following these deliveries, Star Bulk owns seventy-two dry bulk vessels on the water, consisting of three Newcastlemax, eighteen Capesize

USCG Repatriates 12 Migrants

Coast Guard Cutter Confidence

  The crew of the Coast Guard Cutter Confidence repatriated 12 Cuban migrants to Bahia de Cabañas, Cuba, Saturday. While on routine patrol a Coast Guard aircraft spotted a vessel with migrants aboard south of Marquesas Keys, Florida, Wednesday

Approvals Launch VIKING Nadiro into New Markets

VIKING Nadiro director Henrik Helsinghof

  New lifeboat release systems and bracket type approvals for VIKING Nadiro SOLAS products are extending the company’s core capabilities beyond cargo to offshore and passenger segments – and speeding up delivery times.  

MAN 32/44CR Engine for Trawler Newbuild

Image: MAN Diesel & Turbo

Voyager Fishing Company, Ltd., based in Kilkeel, Northern Ireland, has ordered a new trawler/purse seiner, designed by Salt Ship Design in Norway and to be built at Karstensens Skipsværft in Skagen, Denmark.   The newbuilding will be powered by a propulsion package comprising a MAN

Box Shipping Eyes More Overcapacity, Financial Pain

File photo

Slowing global trade and a bloated orderbook of large vessel capacity mean that container shipping is set for another three years of overcapacity and financial pain, according to the latest Container Forecaster report published by global shipping consultancy Drewry.

Stiff Competition for Cosco Pacific in Mediterranean

Photo: COSCO Pacific Ltd

 Although Cosco Pacific, the Hong Kong-listed subsidiary of China’s biggest shipping company China Cosc,  is expanding in the Mediterranean area after taking part in the acquisition of port in neighbouring Turkey, it faces stiff competition, reports SCMP.  

U.S. Investigators Head to Florida to Probe Ship Lost in Hurricane

El Faro (Photo: NTSB)

Federal safety investigators traveled to Florida on Tuesday to investigate the U.S. container ship lost at sea after being hit by powerful Hurricane Joaquin, leaving one person confirmed dead and 32 others missing. The team from the National Transportation Safety Board left Washington for

USCG: Body Found in Search for Ship Sunk in Hurricane

U.S. Coast Guard photo by Petty Officer 2nd Class Mark Barney

The U.S. Coast Guard on Monday said its crews had found a body and an empty, heavily damaged lifeboat in their search for the cargo ship El Faro, believed to have sunk after going missing off the Bahamas in Hurricane Joaquin. Rescuers are no longer looking for the ship

Transatlantic Eastbound Rates Fall

Photo: CMA CGM

 Transatlantic eastbound chemical freight rates dropped slightly this week on a continued lull in the spot market, ICIS reports  brokers as saying. It was the second drop in as many weeks.   The latest SSY Base Oil Shipping Report noted that eastbound rates “took a tumble

MN 100: The General Ship Repair Corporation


The General Ship Repair Corporation, a fixture on the Baltimore, Maryland waterfront for nearly a century since its founding by Charles “Buck” Lynch in 1924, has become the de facto ‘go to’ for workboat repair in the Baltimore area and is enjoying a strong year

Cargo Ship Missing in Hurricane Joaquin

Image: NOAA

The fate of more than 30 crew aboard a cargo ship that ran afoul of Hurricane Joaquin off the Bahamas was unknown on Friday as the powerful storm battered the island chain for a second day. News of the missing vessel came as forecasters shifted the likely track of the powerful storm further

Japan’s First ME-GI Engine Passes Factory Tests

FAT attendees pictured in front of the ME-GI engine at MES’s Tamano Works (Photo: MAN Diesel & Turbo)

The factory acceptance test (FAT) of the first ME-GI engine in Japan recently took place at the Tamano Works of Mitsui Engineering & Shipbuilding Co., Ltd. (MES), overseen by classification society DNV GL.   The engine, developed by MAN Diesel & Turbo

Damen's Third Ferry for South Korea

Damen Fast Ferry Daezer Shipping - Sunrise

  All good things come in threes as Damen delivers the third vessel of the year, from the Damen Fast Ferry (DFFe) series to South Korean operators. Having already delivered the SeaStar 5 to existing customer Seaspovill earlier this year

Singapore Offers Funding to Build LNG Vessels

Image: MPA

 Singapore Offers Funding to Build LNG Vessels   Port of Singapore offers S$12 million funding for building of LNG-fuelled vessels as Singapore advances LNG bunkering efforts to meet future demand   The Port of Singapore, regarded as a leading bunkering hub

DNV GL Publishes New Classification Rule Set

Remi Eriksen (Photo: DNV GL)

DNV GL's new rules for classification of ships become publicly available online today following a development and review process involving 250 internal experts and more than 800 customers and maritime stakeholders. The result of the combined experience and expertise of two classification

Giant Harbor Crane Delivered in Port Bronka

The LHM 800 on the specialized RoRo vessel (Photo: Liebherr)

Multipurpose Sea Cargo Complex Bronka took delivery of a LHM 800 mobile harbor crane from Liebherr Maritime Cranes on September 26, marking delivery of the first LHM 800 in heavy lift configuration.    Located at the southern shore of the Gulf of Finland

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