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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.  


NAT Takes Delivery of Suezmax, Earnings Capacity Up

Courtesy Nordic American Tankers Limited

Nordic American Tankers Limited ("NAT" or "the Company") announced that it today took delivery of a Suezmax vessel, the Nordic Sirius, built at a shipyard in Japan. NAT agreed to purchase four vessels as announced in our press release May 2, 2016


Damen Signs MOU with Sydney City Marine

Photo: Sydney City Marine

Damen Shipyards Group and Sydney City Marine have signed a Memorandum of Understanding (MOU) outlining the future cooperation of the two companies concerning the repair and maintenance of Damen-built vessels in Australia and New Zealand. The MOU lays the groundwork for expansion of Damen’s


Austal Stops Shares Trading

USNS Fall River (JHSV 4)  (Photo credit: U.S. Navy)

 Review of U.S. Ops Reportedly Underway The West Australian reported that Austal halted its shares from trading, and reportedly is in the process of reviewing its U.S. operation, Austal USA. Austal USA is best known for it construction of vessels for the U.S


Senate Confirms Three to Serve on Federal Maritime Commission

The U.S. Senate has confirmed the nominations of three individuals to serve as Federal Maritime Commissioners: Rebecca F. Dye, Michael A. Khouri and Daniel B. Maffei.   Dye and Khouri, both of whom currently serve as Commissioners, were renominated by the President to serve in terms that


CMA CGM to use Kingston As Transshipment Hub

Image: CMA CGM

 French shipping giant CMA CGM plans to use Kingston Container Terminal,  Jamaica as a strategic Caribbean transshipment hub for an enlarged Panama Canal. The Port connects to US East Coast, the Gulf of Mexico, the Caribbean and northern Brazil.  


ABP orders Two Gottwald cranes

Terex Port Solutions will supply two Terex Gottwald Modell 8 portal harbour cranes in the G HSK 8424 B four-rope grab variant to Associated British Ports.Photo ABP

Terex Port Solutions (TPS) has received an order from Associated British Ports (ABP) for two electric Terex Gottwald Model 8 portal harbour cranes in the G HSK 8424 B four-rope grab variant. The leading British port operator has ordered the two machines for its terminal in Immingham


Indonesia Bans Ships for Philippines

File photo: Indonesian Navy Show

 The Indonesian Government has banned vessels flying Indonesias flag from sailing to the Philippines following the latest hostage incident.   According to a report in AP,  Indonesia said, a halt on coal shipments to the Philippines will remain in place until Manila can secure its


Panama Canal Officially Opens $5.25Bln Expansion

Photos: Official Twitter account of the Panama Canal

 A 984-foot Chinese container ship was greeted with fireworks and cheers from a crowd that had gathered, when it made an inaugural passage through the newly expanded Panama Canal on Sunday, formally launching the Central American nation's multibillion-dollar newly-enlarged Panama Canal.


USCG Investigates Unknown sheen in Lake Ontario

A sheen is visible from the air in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, June 26, 2016. A Coast Guard Auxiliary air crew noticed the sheen during a flight and reported it to Coast Guard Sector Buffalo. (U.S. Coast Guard photo)

The Coast Guard is responding to a report of a sheen in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, Sunday. The cause of the sheen is unknown at this time


Coast Guard Investigates Sheen in Lake Ontario

A sheen is visible from the air in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, June 26, 2016. A Coast Guard Auxiliary air crew noticed the sheen during a flight and reported it to Coast Guard Sector Buffalo. (U.S. Coast Guard photo)

The U.S. Coast Guard is responding to a report of a sheen in Lake Ontario near the Fitzpatrick Nuclear Power Plant in Scriba, New York, approximately 10 miles northeast of Oswego, New York, Sunday. The cause of the sheen is unknown at this time.  


MSC-Peel Ports Partner on Liverpool2 Trials

MSC Vessel Courtesy Liverpool2

Marine-based commissioning work is now underway at Liverpool2, with Mediterranean Shipping Company (MSC) committing vessel support to Peel Ports to help make the trial a success. Berthing and marine trials began last week with MV MSC Nederland and will be followed by a variety of cargo handling


Gas Plant Fire Halts US Gulf Coast Platforms

At least two offshore oil platforms halted operations on Tuesday in the U.S. Gulf of Mexico after a fire at a natural gas processing plant in Mississippi shut a crucial pipeline that brings output onshore, several companies said.   The fire at Enterprise Products Partners plant in


Hybrid RoPax Ferry Delivered to Royal TESO

Texelstroom (Photo: Anglo Belgian Corporation)

Hybrid RoPax ferry Texelstroom has been delivered to Koninklijke N.V. Texels Eigen Stoomboot Onderneming (Royal TESO).   This latest generation symmetrical ferry is powered by efficient, medium speed dual fuel engines of Anglo Belgian Corporation (ABC)


FMC's Doyle Addresses VGM Rules

William P. Doyle (Photo: FMC)

U.S. Federal Maritime Commission (FMC) Commissioner William P. Doyle issued a statement on the upcoming implementation of the SOLAS Convention’s verified gross mass (VGM) requirements:   On Friday, June 24, 2016, I voted to allow the Port Operations and Safety Discussion Agreement to


Jinhui Sells Supramax

Photo: Jinhui Shipping and Transportation

 Jinhui Shipping and Transportation has agreed to sell another supramax dry bulk carrier, having just made a similar deal earlier this month.   The purchaser is a company incorporated in Hong Kong. The bulk carrier will be delivered to the new owner between 29 July to 30 August 2016.






 
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