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 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
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.
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
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
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
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
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
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
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).
Inlecom Systems Ltd., the transport and logistics research and innovation company, has launched the first ever guide and checklist to enable maritime authorities and trade organizations to fulfill their obligation to deliver ship reporting formalities in electronic format via a Single Window
Royal Caribbean International’s newly revitalized 2,360-passenger Serenade of the Seas arrives at the Port of New Orleans’ Julia Street Cruise Terminal Dec. 12 to sail weekly itineraries through April. The 965-foot cruise ship was completely refurbished in December 2012 and replaces
Lawyers for Greenpeace International believe the draft text of a Russian amnesty to be voted on by the Duma (the Russian parliament) would be unlikely to benefit the Arctic 30 protesters. Thus they still face the possibility of trial and conviction for their protest.
The four-day conference program scheduled March 10-13, 2014, at the Miami Beach Convention Center, for the 30th annual Cruise Shipping Miami is to feature four thematic "tracks" for 2014, as follows: "Ship and Ship Operations"; "Global Geography of Cruise Tourism";
Offshore Patrol Vessels Middle East 2014 examining maritime security challenges in region, world As policy leaders wrapped up the Manama Dialog, an international security conference in Bahrain, maritime and naval leaders commenced their meetings in Abu Dhabi to discuss practical implementation
In the operation and development of a sour gas field, a key challenge is ensuring the process safety and integrity of the asset and, most importantly, the safety of the personnel working with high concentrations of hydrogen sulphide (H2S). To help the industry manage the risks throughout the
L&T Construction has won new orders worth `1471 crores across various business segments in November & December 2013. In Power Transmission & Distribution Business, orders valued `686 crores have been received in both domestic & international markets.
Portable machining and welding systems company CLIMAX hire Thomas Pesch to further accelerate international growth in the role of Vice President of Global Operations. The move marks CLIMAX’s continued focus on growing its international market capabilities and improving operational
Lake Huron Chartering announce that criminal charges filed in Houston, Texas against three of its executives have been granted dismissal. As of June 10, 2013, indictments and charges against Alireza Etessami, Gustavo Gimeno and Denny Martinez have been dropped.
Scania’s 13-liter EPA Tier 3 engine, intended for propulsion and auxiliary use, along with the 16-liter EPA Tier 3 engine, debuted last month at the Workboat Show in New Orleans. The engines, as are all Scania powerplants, are based on the company’s new modular engine platform
Coast Guard members of the 11th Coast Guard District participated in a joint two-day search and rescue exercise, SAREX, with members of the Mexican navy's Search and Rescue Station in Ensenada, Mexico Wednesday and Thursday. The visit included a flag officer professional exchange
Hours prior to the rule's scheduled expiration, the Obama Administration decided to uphold the Ship Strike Rule – an important development in the ongoing efforts to protect endangered right whales. 'The Final Rule to Reduce the Threat of Ship Collisions with North American Right
AWILCO LNG ASA say that their second 156,000 cbm Tri-Fuel Diesel Electric powered newbuilding 'WilPride', has been delivered from South Korea by Daewoo Shipbuilding & Marine Engineering Co., Ltd., (DSME) prior to the following business transactions:
Shaanxi province plans to build China's first hinterland international intermodal transit hub port to link the overland international freight route [see map] which they dub a new 'silk road', reports Xinhua. The proposed Xian Hinterland International Transit Hub Port will focus on international
BMT Designers & Planners (BMT), a subsidiary of BMT Group Ltd., an international design, engineering and risk management consultancy, appointed Ralph Duncan as Vice President of Business Development. A University of New Mexico, Naval Postgraduate School and Stanford University graduate