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Tbs International

TBS Expands to 39 Ships

TBS International Limited has taken delivery of the M.V. Hopi Princess, previously the M.V. African Sanderling, a 1984 built, 20,401 dwt multipurpose tweendecker. TBS had agreed to acquire this vessel charter free for $18.3 million in November 2007. With the delivery of the M.V. Hopi Princess, TBS' current fleet consists of 39 multipurpose tweendecker, handymax and handysize vessels. TBS expects to take delivery of two additional multipurpose tweendeckers (the M.V. Ottawa Princess and M.V. Caribe Maiden) and one handysize bulk carrier (the M.V. Mohave Maiden) by end of the first quarter of 2008. Once these deliveries are concluded, TBS' fleet will be comprised of 42 vessels with an aggregate of 1,225,560 dwt, consisting of 23 tweendeckers and 19 handymax/handysize bulk carriers.


TBS Acquires Vessel

TBS International Limited has expanded its fleet of vessels by taking delivery of the M.V. Comanche Belle. The M.V. Comanche Belle, which will be renamed the Huron Maiden, is a 23,300 dwt multipurpose tweendecker that was built in 1983. TBS exercised the purchase option granted under the time charter dated December 9, 1996 to purchase the vessel for $3.8 million. It was delivered in Pusan, Korea on November 16, 2005. The acquisition of the M.V


TBS Takes Delivery of Its Sixth Newbuild Vessels

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TBS International plc (NASDAQ: TBSI) announced today that it has taken delivery of the newly-constructed vessel M/V Maya Princess from China Communications Construction Company Ltd./ Nantong Yahua Shipbuilding Group Co., Ltd. The M/V Maya Princes is the sixth and final delivery in the series of six "Roymar Class" 34,000 dwt multipurpose tweendecker vessels that the Company ordered at a purchase price of $35.4 million per vessel


Court Confirms TBS International Plan of Reorganization

TBS International plc announced that the U.S. Bankruptcy Court for the Southern District of New York has confirmed the Company's Plan of Reorganization, paving the way for the reorganized Company's expedited emergence from chapter 11 proceedings, less than 60 days after its February 6 filing. The Plan reflects overwhelming support from its voting lenders to restructure the Company's secured debt and to pay in full in cash all allowed claims of unsecured creditors, including all vendors


TBS Reports 3Q, 9 Mo Results

Joseph E. Royce, Chairman and Chief Executive Officer and President of TBS International Limited, stated: "We attribute these record results to the efforts of our worldwide team of shipping professionals delivering our TBS Five Star Service (Ocean Transportation, Logistics, Portside Services, Operations and Strategic Planning) to our global customer base. TBS owns its vessels, deals directly with our clients and presently does not have vessels on long term time charters.


TBS International Reports Q4 and Year 2010 Financial Results

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DUBLIN, IRELAND, Mar 15, 2011 (MARKETWIRE via COMTEX) --TBS International plc (NASDAQ: TBSI) announced today its financial and operating results for the fourth quarter and year ended December 31, 2010. Management Commentary: Joseph E. Royce, Chairman, Chief Executive Officer and President stated: "The TBS results for the fourth quarter 2010 reflect the ongoing downward pressure on dry cargo freight rates that have continued into the first quarter of 2011


Germanischer Lloyd Gives Nod to CORSAIR TVR v.2

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Baker Lyman's software is only approved Towing Vessel Record.   Classification giant Germanischer Lloyd (GL) granted Type-Approval to Baker, Lyman & Co (BL) for their cutting-edge Towing Vessel Record software, CORSAIR TVR v.2, effective November 1, 2012.  The software Type-Approval by Germanischer Lloyd solidifies CORSAIR TVR v.2's position as the exclusive regulatorily defined record-keeping process for Sub-Chapter M


SHIPPINGInsight 2014 Wraps in Stamford

Photo courtesy of SHIPPINGInsight

Three days of speakers, panels, roundtable discussions, exhibits and networking events More than 150 shipping industry professionals from around the world gathered this month in Stamford, Conn., for SHIPPINGInsight 2014 – a technical and ship operations forum for the maritime industry in North America. The annual SHIPPINGInsight event, held Sept. 30 – Oct. 2, encompassed three days of presentations, discussions, debates and networking


Registration Open for SHIPPINGInsight Fleet Optimization Conference

The producers of the SHIPPINGInsight Fleet Optimization Conference have announced that online registration is now open.  Following a successful inaugural conference in 2012, the 2013 event will take place October 22-24 at the Sheraton Stamford Hotel in Stamford, Conn. It will bring together senior executives from shipowners, ship managers, classification societies, regulatory bodies, consultancies and suppliers to address the pressing issues facing fleet operators in the current


SubM Debut Now Set for February 2016

ABS and ABS Group are conducting seminars for industry stakeholders seeking to learn more about Subchapter M and compliance options. Pictured here are attendees and speakers at a recent event in Paducah, KY.

Outsourcing, E-Solutions Help Mariners “Say What You Mean, Mean What You Say, and Prove it.” The perennial “Year of Subchapter M” has been kicked forward again, this time to February 2016. That means that the clock is now ticking loudly for those towing operations that have yet to climb onboard the safety train. Quality operators see standardized safety practices as a way of leveling the playing field, integral to maintaining the health and profitability of their fleets


Friend of the Sea Turns to BMT for Reefer Vessels Certification

BMT Surveys (BMT), a subsidiary of BMT Group, the international maritime design, engineering and risk management consultancy, has been engaged by Friend of the Sea to investigate whether specialized reefer vessels comply with the broad set of requirements to qualify for certification. 


SNMCMG2 Completes Third Black Sea Deployment

Photo: NATO MARCOM

Standing NATO Mine Countermeasures Group 2 (SNMCMG2) has completed its third deployment into the Black Sea under the command of Captain Ramazan Kesgin, Turkish Navy. SNMCMG2 started its deployment on July 8 in support of NATO’s assurance measures regarding Alliance resolve and commitment to


DP World Eyes Taiwan Port

Photo: DP World

 Global marine container terminal operator DP World  will help to expand the development of Kaohsiung Port’s Terminal 7, which is owned by the state run Taiwan International Ports Corporation (TIPC), in an effort to increase its Asian portfolio.  


China Joins UN Trucking Treaty

China has taken a major step towards establishing a speedy new "Silk Road" to Europe by signing up to a U.N. trucking treaty.   Fifteen years after joining the World Trade Organization (WTO), China is hoping a revival of its ancient trading corridor to the west will help boost its


Piracy Drops to 21-year Low, IMB Reports

Graphics: International Maritime Bureau

 Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB).  


Canada Embarks on Arctic Survey Mission

CCGS Louis S. St-Laurent  (File photo: Canadian Coast Guard)

Canada has launched its 2016 Arctic expedition to collect important scientific information to support the nation’s submission on the extended continental shelf in the Arctic Ocean. This year’s survey is a collaborative effort with Sweden


Mariners Attend SUNY Maritime for Gap-closing Courses

(Photo: SUNY Maritime College)

More professional mariners than ever are coming to SUNY Maritime College for training and courses to maintain their credentials and endorsements, the college reports.   The increased enrollment is being seen across the industry, as the December 31 deadline approaches to comply with the U.S


ASEAN Breaks South China Sea Deadlock

Manila drops request to refer to court ruling in statement. Southeast Asian nations overcame days of deadlock on Monday when the Philippines dropped a request for their joint statement to mention a landmark legal ruling on the South China Sea, officials said, after objections from Cambodia.


Piracy Drops to 21-year low - IMB

Courtesy IMB

Piracy and armed robbery at sea has fallen to its lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a new report from the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s global piracy report shows 98 incidents in


Navig8 Acquires Chemical Tanker from STX

Photo Navig8

Navig8 Chemical Tankers Inc (the “Company”) (N-OTC: CHEMS), an international shipping company focused on the transportation of chemicals, today announced that it has taken delivery of the Navig8 Topaz, a 49,000 DWT IMO2 Interline-coated chemical tanker


Jakarta to Boost Security of Small Vessels

Indonesias Maritime Security. Photo: US Embassy in Indonesia

 Jakarta will boost security of small vessels after hijackings 15 July, says a report in Protection Vessels International Ltd (PVI).   Indonesia is currently discussing with the International Maritime Organisation the rules for deployment of naval and coast guard vessels to escort


Ecuador Pays $112 mln Award to Chevron

Courtesy Chevron Corporation

Ecuador has paid $112 million to energy company Chevron Corp over a four-decade-old contract dispute, even though it remains in disagreement, the head of the central bank has said. A Hague arbitration court awarded the U.S. company $96 million in 2011 in a dispute stemming from a 1973 deal that


Panama Canal Launches Green Award System

Photo: Panama Canal Authority.

 The Panama Canal has launched the Green Connection Award, a new initiative to recognize customers who demonstrate excellent environmental stewardship, and to encourage others to implement technologies and standards to help reduce greenhouse gas emissions.  


Kerry to Press ASEAN meeting for talks on SCS Disputes

U.S. Secretary of State John Kerry Official Portrait Photo John Kerry -@JohnKerry

U.S. Secretary of State John Kerry will urge Southeast Asian nations in meetings in Laos next week to find diplomatic ways to launch talks with China on easing tension over the South China Sea following an international court ruling that denies China's claims in the sea.


Drydocks World Conforms to FPC under EU Regulation

Drydocks World yard picture Photo Drydock World

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors has successfully been certified to European Standards EN 1090 – 1 and EN 1090-2.   The certification program is part of the European Union’s Construction Products Regulation






 
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