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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

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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


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


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.


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.


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


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


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.  


Helicopter Carrier Delivered to the Egyptian Navy

LHD Anwar El Sadat (Photo: DCNS)

French industrial group DCNS has delivered LHD (Landing Helicopter Dock) Anwar El Sadat, the second of two helicopter carriers acquired by the Arab Republic of Egypt.   The flag transfer ceremony took place September 16, 2016 in the presence of the two Chiefs of Staff of the Egyptian and


Boskalis to cut 650 jobs, 24 vessels

Courtesy Boskalis

Royal Boskalis Westminster N.V. (Boskalis) announces that its Works Council has unanimously rendered a positive advice on the fleet rationalization plan announced early July. Part of the positive advice in an agreement to continue to crew two of the five Fairmount vessels for the time being with


Harvest Halts as Rains Douse Midwest, Could Impact Barge Loading

File Image (AWO)

Heavy rains and flooding swamped a broad swathe of the northern Midwest this week, halting the harvest of corn and soybeans and forcing the closure of at least two Iowa crop processing plants, traders and farmers said on Friday. Farmers' concerns grew that standing water in fields could damage


More Plastic than Fish in the Ocean

Photo: International Maritime Organization

 Did you know that by 2050 there could be more plastics in the ocean than fish, if human habits don’t change?    India Clean Seas Conference taking place in Goa, India (22-24 September), discussed what needs to be done to keep the oceans clean.   


Hanjin files for Receivership, Ports Turn Away Vessels

File Image (Credit: Hanjin Shipping)

Hanjin says asks court for its assets to be frozen; Hyundai Merchant looking to buy Hanjin's "good" assets. South Korea's Hanjin Shipping Co Ltd filed for court receivership on Wednesday after losing the support of its banks, setting the stage for its assets to be frozen as ports from


W&O Promotes Key Associates

Lori Ulrich (Photo: W&O)

W&O, a distributor of pipe, valves, fittings as well as automation and engineered solutions, announced the promotion of two associates: Lori Ulrich to Director, Human Resources and Tammy Emerson to President, Propeller Club of Jacksonville


Are We on the Crest of an Offshore Wind Wave?

This time last year, when we were preparing to host ABN AMRO’s inaugural international seminar on offshore wind the imminent Borssele offshore wind tender in the Netherlands was a hot topic. At that time the questions on everyone’s lips were “Would the first Borssele tender


Royal Navy Warship Goes to Libya

RFA Mounts Bay (Photo: UK Royal Navy)

 The UK provided RFA Mounts Bay to support the Danish-led maritime operation, escorting a Danish transport ship through the Mediterranean as it carried the chemicals, the Defence Secretary and Foreign Secretary have announced.   Libya’s chemical weapons stockpile was destroyed


Wärtsilä Launches Updated Version of its Nacos Platinum Series

The Wärtsilä Nacos Platinum series of navigation, automation and control systems has been updated and will be introduced at the SMM conference and exhibition taking place in Hamburg, Germany from September 5 to 9.

The Wärtsilä Nacos Platinum series of navigation, automation and control systems has been updated to include a number of new functions. The updated version will be introduced at the SMM conference and exhibition taking place in Hamburg, Germany from September 5 to 9.


K Line, The Next Takeover Target?

Photo: Kawasaki Kisen Kaisha, Ltd.

 Speculation has been mounting on possible taking over the Japanese shipping company Kawasaki Kisen Kaisha (K Line).   According to a FT report, analysts and investors have been baffled by the recent activities of Effissimo, Singapore-based fund had increased its stake in K Line to 37


Alfa Laval PureSOx Platform Offers Dual-compliance

PureSOx

The Alfa Laval PureSOx platform is expanding to provide not only 0.1%S compliance for Emission Control Areas (ECAs), but also 0.5%S compliance with the coming global sulphur cap. With the option of a dual-compliance system as well, customers can choose the best scrubber solution to match their


DNV GL Awards AIP for Hyundai Heavy's SkyBench

From left to right: Trond Hodne, DNV GL Business Director Maritime, Im Hong-il, Senior Engineer and Team Leader of the Basic Hull Design Department of HHI’s Shipbuilding Division, Sung Ho Shin, Head of Pre-Contract Maritime at DNV GL in Korea, and Jan-Olaf Probst, Head of Business Development Hamburg at DNV GL – Maritime. Photo: DNV GL

 Hyundai Heavy Industries (HHI), the world’s largest shipbuilder, announced it received the second approval in principle (AIP) from DNV GL for SkyBench, a design for maximizing cargo loading capacity of large containerships.  


Seaborne Trade: How Full Is Your Basket?

Graph: Clarksons Research

 Clarksons Research is reflecting on annual projections of seaborne trade that can be useful demand side indicators. However, often it is difficult to get a real understanding of short-term trade trends.    A year ago (SIW 1189) we looked at a ‘basket’ approach


Two VLCCs Delivered to Gener8 Maritime

Gener8 Maritime, Inc., a U.S.-based provider of international seaborne crude oil transportation services, announced that it took delivery of two very large crude carriers (VLCC).   The Gener8 Perseus was delivered September 9, 2016 from Hyundai Heavy Industries Co., Ltd


UK, Argentina to cooperate on Falklands oil and gas restrictions

Britain and Argentina have agreed to work together towards removing measures restricting the oil and gas industry, shipping and fishing around the disputed Falkland Islands, Britain's Foreign Office said on Wednesday. The two countries fought a war in 1982 over the British-run islands in the






 
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