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Transas Secures First Simulator Order in Myanmar

In May 2002, Singapore-based Transas Marine Pacific received the first order to supply a multi-purpose simulation complex to Myanmar (Burma). The order came from Eastwind Shipmanagement Pte Ltd, which is setting up its own training center in Myanmar. Among the Transas simulator equipment to be installed within the next 8 weeks in the new training facilities of Eastwind, there will be the TGS 4100 Ver. 4.1 GMDSS simulator class; networked PC-based Engine Control Room simulator ERS 2000 Ver. 5.4.2 and the Transas ship handling simulator Navi-Trainer Professional 3000. The configuration of the ship handling simulator is a multi-task CBT solution comprising ARPA/radar, visualization/conning and ECDIS workstations. Eastwind Shipmanagement Pte Ltd is a Japan – USA joint venture that operates over 100 vessels. The company is based in Singapore and is active in providing technical and management support to its vessels. The establishment of a training center in Myanmar fitted with modern simulation equipment from Transas will give Eastwind the advantage of being able to train local crews to the latest international standards right on the spot.


Transas Moves Towards Auto Integrated Navigation

With the Navi-Sailor 2400 ECDIS becoming the world's first type approved ECDIS, the company's latest development — Navi-Sailor 2500 — goes even further in the automation of full bridge navigation. Navi-Sailor 2500 is equipped with a number of innovative functions that bring this product to the summit of modern shipping electronics. In addition to the vector charts of S-57 ver.3 format and raster ARCS and NDI/BSB, the new system can incorporate Seafarer raster charts produced by the


Proposed Notice of Sale Issued for Western Gulf of Mexico OCS Sale 174

The U.S. Department of the Interior's Minerals Management Service (MMS) is making available the Proposed Notice of Sale for Western Gulf of Mexico (GOM) Sale 174. The sale is scheduled for August 25, 1999, in New Orleans. Sale 174 encompasses 3,642 unleased blocks, about 19.81 million acres, in the Western GOM Outer Continental Shelf Planning Area offshore Texas and in deeper waters offshore Louisiana. The blocks are located from nine to 200 miles offshore in water depths ranging from 26 ft


ClassNK Releases New Container Guidelines/Software

ClassNK Releases New Guidelines and Software for Container Carrier Structures.   ClassNK has released a new revised edition of its “Guidelines for Container Carrier Structures – Guidelines for Direct Strength Analysis”, as well as a new version of its PrimeShip-HULL(DSA) software for use in designing container carriers in line with the new guidelines.   ClassNK released the first edition of its “Guidelines for Container Carrier Structures” in 2003


BOEM: 38 Million-Acre Oil &Gas Lease Sale in the Central GOM

Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will offer 38 million acres in the Central Gulf of Mexico for oil and gas exploration and development. Thesale will build on two major Gulf of Mexico lease sales in the last year – a 21 million acre sale held last December and a 39 million acre sale held in June. Proposed Lease Sale 227, scheduled to take place in New Orleans on March 20, 2013


BOEM Proposes GoM Oil and Gas Lease Sale

Photo courtesy BOEM

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau today announced that the bureau will offer more than 21 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of Mexico Planning Area.


Caterpillar Reports Good Q3 2012, But ...

Caterpillar Inc. announces strong improvement in its Third-Quarter 2012 results, but outlook not so bright. Caterpillar Inc. announce third-quarter 2012 sales and revenues of $16.445 billion, a 5-percent increase from third-quarter 2011 sales and revenues of $15.716 billion.  “Last quarter and then again a month ago at MINExpo, we discussed economic and geopolitical headwinds facing the world, and we are certainly continuing to see the impact of those uncertainties in


Obama Administration: More Than 20 Million Acres Offshore Texas for Bid

November Sale Will Offer All Available Unleased Areas in the Western Gulf of Mexico     As part of President Obama’s all-of-the-above energy strategy, Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau released the final details for an oil and gas lease sale that will offer more than 20 million acres offshore and will make available all unleased areas in the Western Gulf of Mexico Planning Area.  


Cummins Reports Results for Q2 2013

Cummins Inc. today reported results for the second quarter of 2013. The company said they expect full year revenues to be in line with 2012. Second quarter revenues of $4.5 billion increased 2% from the second quarter of 2012. Revenues in North America increased by 7% and international revenues declined by 4%. Within international markets, growth in Brazil and China was offset by weaker demand in Europe, India and Mexico.


MOL America Announces Corporate Sales Changes

Richard Craig

MOL (America) Inc. issued a release announcing several changes to its North American sales management, including the promotion of Richard Craig to the position of executive vice president, sales and operations. Additionally, Richard Jung, who currently assistant vice president of sales, central region, has been appointed to assume the duties of vice president of sales in replacing Dennis Sheehan, vice president of sales, who has decided to leave MOL (America) Inc


Kvichak-built Hovercraft for Sale

SUNAX (Photo courtexy Kvichak)

The 95’ BHT-150 hovercraft SUNAX, built by Kvichak Marine Industries and owned and operated by Aleutians East Borough, is for sale through public competitive bid.  The hovercraft will be sold through a sealed bid process. An IFB package will be available May 15, 2014


Rotterdam port's throughput almost stable

The Port of Rotterdam’s throughput in the first quarter of 2014, at 109 million tonnes, was 0.2% below the level for the corresponding period last year.Split up by goods type, less crude oil (-2%), mineral oil products (-14%) and other liquid bulk cargo (-14%) were transferred


Reports: Brazilian Tycoon Batista Investigated For Financial Crimes

Brazils federal police have opened an investigation into former billionaire Eike Batista for financial crimes, including insider trading, manipulation of markets and money laundering, Brazilian media reported on Friday.   If the police probe leads to criminal charges against Batista


India's Reliance Q4 Sales Rise

Reliance Refinery

Indian energy company Reliance Industries Ltd posted nearly flat fourth-quarter profits, in line with estimates, as a slimmer margin in its oilrefining business offset higher revenue. Reliance, which operates the world's biggest refining complex in western India


US Retail Imports to Increase in April

Photo: Port of Houston

Import volume at the nation’s major retail container ports is expected to increase 6.1 percent in April, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.  


Transas Names Pfeiffer Navigation Director

Jens Pfeiffer

Transas Marine has announced the appointment of Jens Pfeiffer as a Business Division Director, Navigation, Transas Marine. Jens Pfeiffer first joined Transas as a Sales Manager, Navigation in the company’s German office in 2005 where he worked for two years


Petrobras Secures $1.8b Loan for Refinery

Petroleo Brasileiro SA borrowed 4 billion reais ($1.8 billion) in a 17-year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern Brazil, a source with direct knowledge of the deal said on Tuesday. Petrobras


Petrobras Secures Loan for RUpdate: efinery

Petroleo Brasileiro SA borrowed 4 billion reais ($1.8 billion) in a 17-year loan from Banco Bradesco SA to help pay for work on the Abreu e Lima refinery in northeastern Brazil, a source with direct knowledge of the deal said on Tuesday. Petrobras


Transdev Sees Return to Profit, Ferry Unit Blocks Veolia Deal

French transport firm Transdev expects to return to profit this year, but sees no quick solution for its troubled Mediterranean ferry unit SNCM, which is blocking a reshuffle in Transdev shareholdings between Veolia and state-owned bank CDC.


Torm Confirms Tanker Sale

Photo: TORM

Torm announced today the confirmation of its March 7, 2014 agreement in principle to sell 13 product tankers to entities controlled by Oaktree Capital Management. All necessary approvals have now been obtained, the company said, and the agreement has subsequently become unconditional as per the


Box Ships announces Prices Public Offering

 Box Ships Inc.,ATHENS,  today announced that it has priced its public offering of 5,000,000 units consisting of its common shares and warrants at $2.05 per unit.  Each unit consists of one common share and a warrant to purchase 0.40 common shares.


NAT Closes Public Offering

Photo: NAT

Nordic American Tankers Limited announced today that, in connection with its previously announced public offering of 12,000,000 common shares at a public offering price of $8.62 per share, the underwriters exercised in full the option granted to them by the company and purchased an additional 1,800


NAT Common Share Offering a Success

Image credit NAT

Nordic American Tankers Limited (NAT) informs that its offering of 12,000,000 common shares, at a public offering price of $8.62 per share, was exercised in full by underwriters, and in accordance with the option granted to them by the Company they purchased an additional 1,800


ThyssenKrupp in Talks to Sell Swedish Shipyard to Saab

A-26 Submarine: Rendering courtesy of Kockums

ThyssenKrupp is in talks to sell its Swedish marine defence unit to Saab after failing to reach a deal with Sweden for a new generation of submarines as the country tries to protect its defence manufacturing sector. The companies said on Monday that negotiations over the sale of ThyssenKrupp's


Scorpio Tankers' Latest Sale & Purchase Deals

Scorpio tanker: Photo courtesy of the owners

Scorpio Tankers says it recorded a gain of US$51-million from the sale of the 7 VLCC newbuilding contracts announced earlier. In March 2014, the Company received the proceeds from the sale of the seven VLCC newbuilding contracts and recorded a gain of $51 million in the first quarter of 2014


 
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