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Work Resumes at Port of Tacoma for Alaska Cargo

Following negotiations with International Longshore and Warehouse Union (ILWU) Local 23 and the Pacific Maritime Association (PMA), an agreement was reached allowing Tacoma longshore workers to load and discharge Alaska-bound domestic cargo ships. Approximately 70 percent of all commercial goods consumed in Alaska are shipped through Port of Tacoma terminals. The agreement allows Totem Ocean Trailer Express (TOTE) vessels to be discharged and loaded at the TOTE Terminal on the Blair Waterway. Also, CSX container ships will be discharged and loaded at the APM Terminal on the Sitcum Waterway.


TOTE, Inc.: The New look of American Shipping Group

Tote Inc web.jpg

On January 1, 2012 American Shipping Group underwent a dramatic transformation. The company, formerly known as ASG, became TOTE, Inc., and experienced a makeover in logo, look and structure. Seeing opportunity for market growth, TOTE, Inc. organized its five independently managed businesses in to three groups: Maritime, Logistics and Ship Management. ·      TOTE Maritime: Totem Ocean Trailer Express and Sea Star Line


TOTE Earns OHSAS Certification

Totem Ocean Trailer Express, Inc., (TOTE), a shipping company operating roll-on/roll-off cargo vessels between the Ports of Tacoma, Wash., and Anchorage, Alaska, announced its completion in April of the Occupational Health and Safety Assessment Series (OHSAS) 18001:2007 certification process for safety standards. TOTE was certified to International Organization for Standardization (ISO) 14001:2004 standard for environmental practices in 2007


McMurdo Wins $7.5m Contract with U.S. Coastguard

McMurdo has been awarded an order from the U.S. Coastguard worth up to $7.5m over 5 years to supply Fastfind Plus Personal Locator Beacons (PLBs). The Fastfind Plus, with built-in GPS, is an upgrade of the standard Fastfind, a similar quantity of which was supplied to the U.S. Coastguard over the past 3 years. This new contract is to equip U.S. Coastguard personnel with the latest technology lifesaving beacon. It houses a 406MHz transmitter and 121


RINA Updates GREEN PLUS Notation

RINA logo.jpg

RINA updates GREEN PLUS notation to cover transhipment terminals.   International classification society RINA has updated its industry-leading GREEN PLUS notation to include new potential sources of pollution involving seagoing ships and ships operating at fixed locations.   GREEN PLUS is awarded to new vessels that make a significant investment in design solutions, onboard equipment and operational procedures which contribute to an improvement in environmental performance beyond


NASSCO Delivers First of ORCA Class

National Steel and Shipbuilding Company, (NASSCO) has delivered the M. V. Midnight Sun to Totem Ocean Trailer Express, Inc. (TOTE). The Midnight Sun is the first commercial dry cargo vessel to be built in the United States in 10 years and the first of two new Orca-class trailerships being built by NASSCO for TOTE's service from Tacoma, Washington, to Anchorage, Alaska. The M. V. Midnight Sun and its sister ship, the M. V. North Star, are 840 x 118-ft. (256 x 35


NASSCO Delivers M.V. North Star

National Steel and Shipbuilding Company a wholly owned subsidiary of General Dynamics, has delivered the M. V. North Star to Totem Ocean Trailer Express, Inc. (TOTE). The North Star is the second of two new Orca-class trailerships built by NASSCO for TOTE’s service from Tacoma, Wash., to Anchorage, Alaska. Her sister ship, the M. V. Midnight Sun, was delivered to TOTE in April. Both ships are 840-ft.-long, 118-ft.-wide RoRo cargo ships capable of carrying


Sevmash Shipyard Appeals Court Ruling

On 10 December 2010, the state commercial court in Arkhangelsk decided in favour of Odfjell and approved our application concerning the recognition and enforcement of the arbitral award filed against Sevmash shipyard. Odfjell has been informed that the Ruling of the Court has been appealed by Sevmash to the relevant court of appeal (Cassation Court in St. Petersburg). No information has been received with respect to when the case will be heard by the Cassation Court.


Bluefin Wins BPAUV Contract

Bluefin Robotics Corp., Cambridge, Mass., is being awarded a $6,591,406 cost-plus-award-fee/cost-plus-fixed-fee contract for Battlespace Preparation Autonomous Undersea Vehicle (BPAUV) design and development. The BPAUV is a system capable of bottom-mapping and gathering other oceanographic data to support the Littoral Combat Ship Mine Warfare Mission Module. The BPAUV is intended as an autonomous unmanned system capable of meeting clandestine intelligence,


McMurdo EPIRB Gains Type Approval

McMurdo gained Type Approval for the new Smartfind EPIRB (Emergency Position Indicating Radio Beacon). The Smartfind range of EPIRBs were designed with both a non-hazardous battery and high brightness LED locator light to achieve type approval. The certification by COSPAS SARSAT, the international satellite-based search and rescue system, means that the Smartfind is compliant with maritime regulations. The Smartfind is available as either the standard Smartfind E5 or the Smartfind Plus G5


McMurdo Introduces Real-time Fleet Management

Photo: McMurdo

McMurdo  has announced PRISMA Connect, a web-based integrated fleet management system that connects ship to shore in real-time for improved communication and operational efficiencies, as well as increased crew productivity with two-way messaging and electronic forms capture.


Sea Trucks Returns to the Gulf of Mexico

Jascon 31 (Photo: Sea Trucks)

Offshore installation services provider Sea Trucks Group announced it has been awarded a charter contract for its accommodation construction vessel Jascon 31 to operate in the Gulf of Mexico, marking the groups return to the region.  


Crystal Cruises Plans for Expansion

Image: Crystal Cruises

Crystal Cruises announced an expansion plan under new owners Genting Hong Kong that includes three 1,000-passenger vessels, its first new ships in decades. Plus, Crystal will expand into adventure, yacht and river cruising, and luxury jet trips.  


New 43m DSVs Designed by Incat Crowther

Image: Incat Crowther

A pair of 43m Monohull Dive Support Vessels has been designed by Incat Crowther, with input from the builder and operator, to meet RINA class requirements for special service, diving and dynamic positioning.   The vessels are currently under construction at Arpoadar Engenharia, in Guaruja


New Courses Offer Online Electrical Safety Training

AVO Training announces nine-module online training course series “Arc Flash Electrical Safety” with NFPA 2015; now available for purchase   AVO Training Institute released its new complete nine-module online course series entitled “Arc Flash Electrical Safety”


Nakilat H1 Profit Up 10 pct

Photo: Qatar Gas Transport Co Ltd (Nakilat)

 Qatar Gas Transport Co (Nakilat), one of the world's largest shippers of liquefied natural gas, has registered a half yearly net profit of $135 million (QR490.2mn), up 10% on the same period last year.   The healthy financial results reflect “Nakilat’s strategic development


Thailand $1 bln Submarine Deal with China

General Prayut Chan-o-cha, Prime Minister. Photo by Royal Thai Government

 Thailand’s navy has approved a 36 billion baht ($1.1 billion) plan to buy three submarines from China, reports local media. Royal Thai navy officials selected China over competing bids from Russia, Sweden, France, Germany and South Korea.   


Lakes Limestone Trade Tops 4 Mln Tons in June

Shipments of limestone on the Great Lakes totaled 4,042,766 tons in June, an increase of 6 percent compared to May, and 9-plus percent compared to a year ago, according to figures reported by the Lake Carriers' Association (LCA).  The June stone float is also the highest monthly total


Damen, AMELS sell YSV with Heli Hanger

Amels Yacht Support  6911

  The sale of a new 69-metre Yacht Support vessel marks the next level of development for the successful Yacht Support range built by DAMEN in cooperation with Dutch luxury yacht builder AMELS. The new SEA AXE 6911 is the first in the Yacht Support range to feature the ultimate technical


Box Ships Enters Financial Deal

Image: Box Ships

 Athens-based Box Ships has announced that it has secured a two year extension on a loan facility with ABN Amro, which was scheduled to mature next month.   Following this extension, the balloon amount of $10 million is repayable in 8 equal quarterly installments of $250


Gondan Delivers Patrol Boats Rio Belelle, Rio Agueda

Photo: Gondan Shipyard

Gondan GRP Division has handed over two 36 knots maximum speed patrol boats. Yesterday the GRP Patrol Boats built for the Maritime Service of the Spanish Guardia Civil by Gondan Shipyard were officially delivered in Cádiz, Andalucía.


Dittmann Named Chairman of SEA Europe

Kjeld Dittmann (Photo: SEA Europe)

Kjeld Dittmann, the Managing Director of Lyngsø Marine A/S, is the new Chairman of the European Ships and Maritime Equipment Association (SEA Europe).    He succeeds Govert Hamers, CEO of Vanderlande Industries in the Netherlands, who has completed his term as Chairman. 


Cosco Orders of 20,000-TEU Ships may Go Up to 13

Image: COSCO

 Several media outlets now report confirmations that Cosco is also targeting ultra-large vessels by ordering nine ships of 20,000 teu, with options for four additional vessels.  It was confirmed that China’s Cosco has sealed deals for nine plus four options on 20


The Hour of the Wolf for Panamaxes - Platts Report

Shipowners operating in the trans-Atlantic dry bulk

Shipowners operating in the trans-Atlantic dry bulk market, where prices have been plumbing two-year lows on the back of acute vessel oversupply and shifting patterns in minerals demand, could be facing brighter days, according to the latest special report released by Platts


New DCF Valuations on VV‏

Proud analysis chart

  VesselsValue.com is launching Discounted Cash Flow (DCF) valuations to its existing portfolio of daily, automated valuations for the shipping industry. Discounted Cash Flow vs Market Valuations Discounted Cash Flow Valuations is the amount a vessel would be expected to earn as a






 
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