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


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


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


Somali Pirates free Indian Sailors after 4 Years

Somali pirates have freed seven Indian sailors detained for close to four years in exchange for an undisclosed ransom, Somali officials and a maritime monitoring group said on Friday. At one time the pirates made millions of dollars in ransoms from seizing ships sailing the Horn of Africa


Easing US Oil Export Ban Unlikey to Raise Gasoline Prices

A government study on Thursday essentially supported the notion that easing the decades-old restriction on exporting U.S. crude was more likely to lower than raise gasoline prices for American motorists, a conclusion that could ease concerns among lawmakers about changing the policy.


'Environmental' Hull Cleaning Ops OK'd in Oman

HullWiper ROV

Oman’s Ministry of Environment and Climate Affairs has granted GAC EnvironHull permission to conduct underwater hull cleaning operations using the brush-and-diver-free HullWiper system at the port of Sohar, just outside the Gulf of Hormuz


L-3 MSI Supplies Navigation for the Oasis Class

Oasis of the Seas (Photo courtesy of Royal Caribbean International)

L-3 Marine Systems International (L-3 MSI) has been awarded a contract to provide its NACOS Platinum navigation system, including an integrated dynamic positioning system, for the third ship in Royal Caribbean International’s (RCI) Oasis class


Maritime Piracy: Attacks Down, SE Asia Remains Problematic

The Piracy & Armed Robbery Map  (Source: https://icc-ccs.org)

While the issue of maritime piracy has largely fallen from the public eye, with the rapid evolution of the 24/7/365 news cycle and a never-ending list of new and globally interesting headlines, such as Ebola, there remains concerns of piracy’s effects on the broader maritime market


ExxonMobil 3Q 2014 Earnings Conference Call

Image

  Exxon Mobil Corporation will release third quarter financial results on Friday, October 31, 2014. The earnings press release will be available at 7 a.m. CT at www.exxonmobil.com. Jeff Woodbury, vice president of Investor Relations


WTO Publishes Annual Package of Trade and Tariff Data

International trade Statistics

  The WTO released on 28 October 2014 new editions of its key statistical publications: International Trade Statistics, Trade Profiles, World Tariff Profiles and Services Profiles. The four publications provide a detailed breakdown of the latest trade developments.


European Parliament Backs European Shipping Week

Martin Schulz (Photo: European Parliament)

European Shipping Week has been granted the European Parliament’s official patronage by its President, Martin Schulz. Both the European Commission and the European Parliament have now actively expressed their support for the week-long event which will be held in Brussels during March 2-6


Society for Gas as a Marine Fuel Launched

Photo: SGMF

The Society for Gas as a Marine Fuel (SGMF) was formally launched by Minister Lui Tuck Yew on Wednesday, October 15, 2014 in conjunction with the Singapore International Bunkering Conference and Exhibition (SIBCON) 2014. Approximately 1,600 delegates from more than 50 countries attended the


Vard Holdings' 3Q & 9M 2014 Results

Vard Holdings Limited will release its results for the third quarter and nine months ended 30 September 2014, before market opens on Tuesday, 11 November 2014. Senior management will host a physical results briefing and teleconference for analysts and media, details of which are as follows:


Eastern's Columbia on Display in Fort Lauderdale

The modernized steel hull Columbia replica is based on the classic 1923 design. (Photo: Eastern Shipbuilding Group)

Eastern Shipbuilding Group’s reengineered Columbia, built from the original design plans of the classic 1923 Essex-built schooner, will be on display at the Fort Lauderdale International Boat Show, October 30-November 3, 2014. The original Columbia


Korean Prosecutors: Death for Ferry Master

Photo courtesy South Korea Coast Guard

South Korean prosecutors on Monday sought the death penalty for the captain of a ferry that capsized in April, leaving 304 people, most of them school children, dead or missing, in a trial of 15 crew who abandoned ship before it sank. Lee Joon-seok, 68, charged with homicide


Tanzania: China-Funded Port Work Starts in 2015

Construction of a Chinese-funded port and special economic zone in Tanzania worth at least $10 billion will start in July 2015, the president's office said in a statement on Monday, for the first time setting a start date for the delayed initiative.


Svanevik Elected to Seadrill Board

Seadrill Limited announced today that Carl Erik Steen has resigned from the board of directors with immediate effect. Filling the position is Ørjan Svanevik, who was appointed by the board of directors to fill the vacant position starting immediately.


Liberian Registry Backs IMO’s Ebola Advice

The Liberian Registry has come out in full support of the International Maritime Organization’s recommendation that there should be no general ban on international travel or trade due to the Ebola virus. Meanwhile, operation of the U.S.-based registry remains unaffected.






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