General Maritime Corporation (NYSE:GMR) announced that a jury in the Southern District of Texas federal court returned guilty verdicts against two vessel officers of the Genmar Defiance, one of the company's wholly-owned Aframax vessels, and GMM Portugal, a subsidiary of the company, on two counts for violating the Act to Prevent Pollution from Ships and 18 USC 1001, respectively, in connection with an investigation and trial previously reported by the company relating to potential failures by shipboard staff to properly record discharges of bilge waste during the period of November 24, 2007 through November 26, 2007. The company intends to appeal the guilty verdicts and to make motions for a judgment of acquittal and a new trial. There can be no assurance that the company will prevail on appeal or on such motions. On the first count, the jury found that the two vessel officers violated the Act to Prevent Pollution from Ships by failing to maintain an accurate oil record book for the Genmar Defiance. On the second count, the jury found that the two vessel officers violated 18 USC 1001 by presenting a materially false oil record book for the Genmar Defiance to the U.S. Coast Guard on November 28, 2007. On each count, the jury held GMM Portugal vicariously liable for the acts of the two vessel officers, as it determined these crewmembers were acting within the scope of their employment and for the benefit of GMM Portugal when they presented the oil record book to the U.S
Dampskibsselskabet TORM (TORM) a shipping company specializing in the worldwide commercial operation of a fleet of tankers and bulk carriers, has signed a contract with Dalian New Shipbuilding Ltd. in the People's Republic of China for construction of two high specification 110,000 dwt Aframax (LR2) product tankers. This order is based on the two options granted when TORM placed the initial order for two vessels in June 2003. TORM has an option for a further two vessels. ADVERTISEMENT
CMB confirms that its subsidiary Bocimar International has acquired three capesize newbuilding vessels for a total purchase price of $188 million. The first vessel, SWS 1028 (Shanghai Waigaoqiao Shipyard) - for which Bocimar concluded a three-year time charter contract in April 2005 - is obtained from Teh Hu (Hong Kong). It concerns a 175,000 dwt newbuilding that will be delivered in the third quarter of 2006. The other two vessels, SWS 1048 and SWS 1049, have been bought from
Singapore-based ship repairer Keppel Hitachi Zosen Ltd said on Monday it won a contract worth about $161 million to build four cable-laying and repair vessels for TyCom Ltd. The company said in a statement that each of the 7,800 dwt ships would be used for installation and maintenance of the Tycom Global Network, a worldwide undersea fiber optic system being deployed by TyCom. Keppel Hitachi had already been awarded an earlier contract in April for two cable-laying and repair vessels
Within a busy 18 day period, Austal USA have launched their first two vessels, Anapaula and Veronica from the new, high-tech facility in Mobile, Ala. The 120 man workforce watched with pride as on December 2 and then December 20 each of the vessels made its way onto the launch barge supplied by part owner, Bender Shipbuilding and then on to a dry-dock for floating off. The Austal USA team who have produced these two vessels in just 8 months in the large construction hall on the edge of the
Fincantieri and Princess Cruises have chosen Consilium to outfit the new 141,000 GT under construction, Royal Princess, and her yet-to-be-named sister, with the safety system in compliance with the latest regulation "Safe Return to Port". The two vessels are prototype ships for Princess Cruise brand. At 141,000 gross tons with a maximum passenger capacity of 3,600, they will be the largest cruise ships ever built by Fincantieri and the flagships of Princess Cruises fleet.
Nigeria Liquefied Natural Gas (NLNG) purchased two vessels owned by Duke Energy to transport gas from the Bonny LNG plant. The company said it had long-term chartered the ships in 1995 for 22.5 years with provisions for an extension or outright purchase within the period 2001 and 2006. The company is exercising the right to buy the vessels outright one year ahead of schedule. The $3.8 billion Bonny plant in southeast Nigeria began LNG production in October.
Washington State Ferries (WSF) announced that the Seattle/Bremerton ferry route is operating with one vessel after one of the route’s two vessels was pulled from service early in the morning on Feb. 8. The 144-car Yakima sustained damage and began taking on water after a hard landing and was immediately removed from service. The U.S. Coast Guard and Washington State Ferries are both conducting investigations into the incident
According to Reuters, Israeli shipping firm Zim, a unit of holding company Israel Corp., has received the first of 12 vessels it had ordered to meet an anticipated surge in demand as the global economy recovers. Zim said the new ship, Zim Los Angeles, had a capacity of 8,400 containers, and that a second ship with a capacity of 10,000 containers, Zim Djibouti, would be delivered in two weeks. Zim said the two vessels, built by Hyundai Heavy Industries
Due to a collision of two vessels at Brunsbttel on the western end of Kiel-Canal between siding Kudensee and Brunsbüttel Innerharbour, the Kiel-Canal has been closed since 3:45 a.m. local time October 28 . Salvage operation are ordered, and westbound vessels presently inside the Kiel-Canal are stopped. The period of closure is presently unknown. gac.com
Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally, according to a report by Douglas-Westwood.
Greek owner of drybulk carriers DryShips Inc. has announced that it is re-entering the tanker shipping market as it agreed to purchase an Aframax tanker and a very large crude carrier (VLCC). DryShips has entered into agreements with unaffiliated third parties to acquire:
U.S. shipbuilder General Dynamics NASSCO said it has sent the newly built Jones Act tanker Liberty to sea for testing and trials. The 610-foot-long Liberty set sail for the first time on Monday, February 20 to undergo sea trials before delivery later this year.
Odfjell SE has announced the signing of long term charter agreements for two chemical tankers with stainless steel cargo tanks, for construction in Japan. The agreement includes two vessels of 35,500 dw tonnes and 28 stainless steel cargo tanks
Wanax AS, a wholly owned subsidiary of S.D Standard Drilling Plc, will invest USD 5.215mln in platform supply vessels (PSV) Opportunity III DIS. The investment will be done through subscription of ownership interests in PSV Opportunity III and gives Wanax AS
Similar to container vessels, bulk carriers and cruise ships, car carriers are rapidly growing in size, says a report by DNV GL. A new series of the world’s largest pure car and truck carriers sets a new standard for this segment.
Diana Shipping has signed a time charter agreement with Koch Shipping Pte. Ltd, Singapore, for one of its newcastlemax dry bulk vessels. Under the agreement, Koch will employ the 208,500 dwt newbuilding, to be named San Francisco, for a gross charter rate of $11,750 per day
Last year, one in three ships at the Port of Gothenburg received an environmental discount on the port charges. This represents an increase of 83 per cent on the previous year. Heading the discount list are Donsö-based shipping companies Tärntank Ship Management AB and Furetank AB
An Iranian oil tanker has called at a European port for the first time since the lifting of sanctions last January, IRNA news agency reported quoting Sirous Kianersi, managing director of the National Iranian Tankers Company (NITC).
D’Amico International Shipping (DIS) announced that its operating subsidiary d’Amico Tankers (Ireland) sold MT High Endurance and MT High Endeavour, two vessels in favour of Sea World Tankers a clients of Sea World Management SAM, for a consideration of US$ 13.5 million each.
Damen Schelde Naval Shipbuilding has handed over the first SIGMA 10514 PerusakKawalRudal(PKR) frigate to the Indonesian Ministry of Defence, on schedule and on budget. The ceremony took place at the PT PAL shipyard in Surabaya where the vessel was assembled.
Days after the unexpected cargo ships collision outside the Kamarajar Port in Chennai (Tamil Nadu State, India), the Directorate General (DG) of Shipping has instituted an inquiry regarding the same. Two vessels namely, M.T. BW Maple carrying LPG and M.T
The DOF Group said a Norwegian limited company not owned by DOF has signed an agreement with Olympic Shipping to purchase two vessels, Olympic Commander and Olympic Hera. DOF and the new owner have entered into an agreement for management and operation of the two vessels
Liquefied natural gas (LNG) shipping company has released its financial results for the year ended 31st December 2016 which show Group revenue for the quarter and the year were low than the corresponding periods for 2015. Group profit before tax for the quarter ended 31st December
Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally