Transporting Company

Libya Acquires New Tankers

Libya Wednesday took delivery of three new oil tankers at its port hosting the Refining Company in Zaouia, as part of ceremonies marking the 37th anniversary of the country`s September 1969 Revolution. Baghdadi Mahmoudi, Secretary of the Libyan People`s General Committee took delivery of the three tankers - Ibn Batouta, Gardhabia and Intissar - new additions to the Libyan Maritime Transport Company`s fleet. The tankers built in South Korea by Samaho Hundai, one of the largest ship builders in the world, under supervision by Lloyd`s of Britain, cost US$165 million each, according to industry sources. They are equipped to carry three types of crude oil, and each could unload 3,000 cubic metres of crude per hour. The tankers were purchased by the Libyan Maritime Transport Company to meet the needs of the National Oil Corporation (NOC), in pursuance of local and international standards, and for operation in all ports. They will sail between several Mediterranean ports and in northern Europe, under a long-term deal of specifications signed with NOC. Source: Angola Pres

Rolls-Royce to Supply Propulsion for Battery-Powered Ferry

Rolls-Royce has signed a contract for the delivery of its Azipull propulsion and control system for the "ferry of the future," a new vessel which will operate on battery power alone.   The vessel is being built at the Fjellstrand yard in Norway, and once in service will be operated by Norwegian transport company Norled between Lavik and Oppedal. In 2010, the Norwegian Ministry of Transport announced a tender to develop a new ferry that was 15-20% more energy

Breakbulk Africa Congress – Transnet CEO to Speak

Brian Molefe, CEO of Transnet, South Africa's intermodal & pipeline conglomerate, will deliver the keynote address at forthcoming African debut of the Breakbulk Africa Congress Transnet SOC is South Africa's national transport arm and the governing body for the country's rail, pipelines, ports and terminals. During his keynote address, Molefe will discuss Transnet's recently announced, four-point growth strategy, which includes plans to invest R110.6 billion (US$12

Boatracs Appoints New Personnel

Boatracs, a business unit of Advanced Remote Communication Solutions, Inc., has appointed new personnel to better service clients, and expand sales coverage in the Pacific Northwest. In newly created positions, Robert Trainor joins the company as Sales Engineer, managing activities for the Pacific Northwest, Alaska and western Canada, and Steven M. Bryan, Sr. as Manager of Projects, Design and Development. Both positions report to Charles J. Drobny Jr., Chief Operating Officer of Boatracs.

Bechtel Studies Cargo Ship Safety in West Africa

Bechtel launched a new research initiative to improve the safety of mooring large cargo ships off the coast of West Africa. The combination of heavy ocean swell, squalls and shallow coastlines can create unpredictable conditions which limit the number of dry bulkers that can be moored safely in the area. The results of this research aim to provide new mooring guidelines and systems, which will improve the transfer and transshipment of natural resources from the region.

MOL, Hafnia Agree To Jointly Operate New LR1 Pool

On the May 1, “Straits Tankers Pte Ltd”, a MOL and Hafnia Management strategic J/V set up in Singapore, will be ready to market 25 coated LR1’s, entered into the “Straits Tankers LR1 Pool”. The goal is to further utilize the fleet to flexibly meet diversifying needs of customers who will be serviced from the Straits Tankers offices in Singapore and Copenhagen, Denmark. The Pool consist of LR1 product tankers from Japanese shipowner MOL

Signal Invests in the Future

Signal invests $40m in Orange, TX shipyard; Building ATBs currently for Kirby Ocean Tranporation Co. A ubiquitous presence in the Gulf of Mexico ship construction and repair market is Mobile, Ala.-based Signal International, a Marine and Fabrication company which employs about 1800 in its four production facilities across Alabama, Mississippi and Texas. Signal specializes in new construction, ship repair, and rig repair. 

Naval Academy Honors Distinguished Alumni

The U.S. Naval Academy paid tribute to four of its alumni March 30 and 31 through the 2007 Naval Academy Alumni Association Distinguished Graduate Award program. Retired Rear Adm. Maurice H. Rindskopf, retired Adm. Thomas B. Hayward, Ralph W. Hooper, and retired Adm. Leighton W. Smith Jr. received the Distinguished Graduate Award in a ceremony March 30, and participated in a leadership conference with more than 500 Midshipmen March 31.

Crowley To Acquire Marine Transport Corporation

Crowley Maritime Corporation and Marine Transport Corporation jointly announced that Crowley has agreed to acquire all of the outstanding shares of Marine Transport Corporation for $7.00 per share. Under the agreement entered into by the parties, a wholly-owned subsidiary of Crowley will commence a tender offer within the next 10 business days. The transaction is conditioned upon a minimum number of Marine Transport's shares being tendered, regulatory approvals

DFDS To Sell Transport Logistics Unit

Danish shipping company DFDS, 56 percent owned by shipping and shipbuilding group J. Lauritzen reportedly is in agreement to sell its Dan Transport logistics unit to forwarding company DSV for an undisclosed sum. On September 5 DSV announced it had embarked on talks with "major transport and logistics companies, including DFDS Dan Transport."