Marine link
 

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

tbsinternationplc.gif

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

tbsinternationplc.gif

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

Baker Lyman logo.JPG

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


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


Lawyer Wins International Maritime Prize

Dr Thomas A. Mensah: Photo credit IMO

The IMO Council has unanimously agreed to award the prestigious International Maritime Prize for 2012 to Dr. Thomas A. Mensah of Ghana, former President of the International Tribunal for the Law of the Sea and Assistant Secretary-General and Director of the Legal Affairs and External Relations Division at the International Maritime Organization (IMO), for his significant contribution to the work and objectives of the International Maritime Organization (IMO).


UK Shipping Carbon Budget Decision Deferred

UK Government announce its decision on international aviation and shipping emissions. Government will defer a decision on whether to include international aviation and shipping emissions in carbon budgets until the setting of the fifth carbon budget in 2016, by which point there should be more clarity on how aviation emissions will be tackled at an EU and global level. Last month, the European Commission proposed that it would suspend international aspects of the aviation EU Emissions


Ballast Water Leadership

Richard j. Douglas

Admiral Paul Zukunft, the new U.S. Coast Guard Commandant, could fill the BWT leadership void. Global efforts to combat the spread of invasive species in ballast water are hampered by a leadership void so serious that in April the International Chamber of Shipping (ICS) discouraged further


Challenging the Myths of Pirate Violence

Is there a general propensity for violence in West Africa?  The author finds out in an exchange with a Benin Navy boarding team member during  exercise OBANGAME EXPRESS 2014. Photo: Adrian Kriesch/Alexander Drechsel

“In the last five years, pirates have killed at least 411 fishermen and wounded at least 1,000 more, suggested Mujibur Rahman, Chairman of Cox’s Bazar District Fishing Trawler Owners Association (DFTOA). According to the DFTOA, pirates attacked more than 1,000 fishing boats


TNO Receives 'International Media Award for Prevention'

International Media Award for Prevention

  The Engagementgame developed by TNO in collaboration with partners is the winner of the 'International Media Award for Prevention' in the category Multi Media. This serious game, that trains managers to decrease work related stress and increase work engagement of their workers, is


MHI, IHI & DBJ Join Forces On Investments

  Mitsubishi Heavy Industries, Ltd. (MHI), IHI Corporation and the Development Bank of Japan Inc. (DBJ) concluded a three-way formal agreement today on their respective investments into a new commercial aero engine company, Mitsubishi Heavy Industries Aero Engines, Ltd


Drydocks World to Participate in SMM 2014

Khamis Juma Buamim Chairman Drydocks World and Maritime World

  Drydocks World, the leading provider of maritime and offshore services to the shipping, oil, gas, and energy sectors, will participate in the prestigious 26th edition of Shipbuilding, Machinery, and Marine Technology (SMM) Exhibition, from September 9-12, 2014


Rosneft and AVTOVAZ Strengthen Strategic Cooperation

Rosneft and AVTOVAZ signed an Agreement of development of strategic cooperation

Rosneft President, Chairman of the Management Board Igor Sechin and AVTOVAZ President Bo Inge Andersson signed an Agreement of development of strategic cooperation, which significantly expands the scale of partnership between the companies.


Nine Share in US$6-B DoD Contract Modifications

Container ship: Photo APL

The US Department of Defense informs that nine companies have each been awarded indefinite-delivery/indefinite-quantity fixed-price option-year two modifications for international ocean and intermodal distribution services (Universal Services Contract-7). They are:


Helideck Safety System to Launch at SMM

Photo courtesy of Amarcon

Amarcon and Observator Instruments will develop a helideck monitoring and forecasting system to improve the safety of helicopter landings and take-offs from a vessel. Amarcon, a part of the ABB group and Observator Instruments, a developer of sensors and services for meteorological and


WR Nominated for International Seatrade Insider Cruise Award

Header

  WR Systems has been shortlisted for the Environmental Initiative Award. Judged by an independent panel of experienced cruise industry specialists, the Seatrade Insider Cruise Awards are one of the highest accolades in the cruise industry.


ESG Replicates Historic Schooner 'Columbia'

Schooner Columbia launch: Photo collage courtesy of ESG

Eastern Shipbuilding Group, Inc. (ESG) informs that a steel hull replica of the historic Gloucester Fishing Schooner COLUMBA has been launched at its Panama City, Florida, shipyard with employees, dignitaries and guests in attendance. The original COLUMBIA was a 141’ classic Gloucester


Panama Canal Opens 2nd Maintenance Congress

The Panama Canal Authority (ACP) opens today the Second International Maintenance Congress with the participation of 26 international and six local experts to promote reliability and sustainability in business practices, based on a maintenance culture.


Wishful Thinking From Across the Pond

Joseph Keefe

European Shipowners Pursue Softening of the Jones Act   Just last month, the Secretary General of the European Community Shipowners’ Association (ECSA) opined that the sixth negotiations round of the Trans-Atlantic Trade and Investment Partnership (TTIP) should include concessions


Hyde Marine to Display Ballast Water Tech at SMM

Hyde GUARDIAN Gold BWTS

Hyde Marine, Inc., a ballast water treatment technology company, will showcase its Hyde GUARDIAN Gold HG250G Ballast Water Treatment System (BWTS) at the upcoming Shipbuilding, Machinery, & Marine Technology (SMM) International Trade Fair, September 9-12, 2014, in Hamburg, Germany.


Pariah Containership Banned from Australian Ports

Safety at sea: File photo

The Australian Maritime Safety Authority (AMSA) informs that it has issued a direction to the container ship 'Vega Auriga' (IMO 9347786) that prohibits the ship from using or entering any Australian ports due to repeated breaches relating to seafarer welfare and maintenance of the ship.


USCG Small Boat Fires Warning Shot at Iranian Vessel

Cutter Monomoy: Photo USN

A U.S. Coast Guard boat operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent, informs the US Department of Defense






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright