Tanker scrapping reportedly shot up while the disposal of bulk carriers diminished as the total deadweight tonnage of ships sold for demolition rose by five percent in the second quarter of this year from the first quarter.
On August 1, 2011, Donjon added the 2400-HP-class tug Caitlin Ann to its growing fleet to support the company’s dredging, marine salvage, bulk material transportation and marine demolition services. The addition of the Caitlin Ann increases the Donjon towboat fleet to 14 total vessels ranging from 1200 to 7000 horsepower. In addition, Donjon also owns and operates five derrick barges with a maximum capacity of 1,000 tons, more than 40 deck and hopper barges
Large tanker rates will increase during the first half of 2000 but freight prices will ease in the second period as new VLCCs are delivered, Norwegian shipbroker P.F. Bassoe A/S & Co. said. Bassoe predicts that tanker demand will increase by 2.6 percent over 2000 on the basis that OPEC output restraints would remain in place until March 2000 and a gradual production increase will follow. Increased crude exports would be driven by rising Asian demand and a slight increase in U.S
A Federal Jury found Ronald Cook, a Canadian citizen, guilty of illegally dumping trash bags full of asbestos into the Gulf of Mexico and elsewhere. He had been hired to lead a crew performing demolition on an old ferry boat, the Muskegan Clipper, as it sailed from San Diego, California, through the Panama Canal to Mobile, Alabama. The ship was eventually to be transformed into a riverboat gambling casino. In order to save time and costs, the crew bagged up the demolition debris
Orion Marine Group, Inc. (NYSE:ORN), a marine contractor serving the infrastructure sector, announced May 15, 2012 a contract award of approximately $20 million. Orion Marine Group was recently awarded a contract for the demolition and rehabilitation of an existing wharf structure on the Lower Mississippi River for a private customer. Onsite construction of the project is expected to commence in the second quarter and last approximately 12 months
At the request of Midwest Senators, Army Corps fast tracked process to keep water and goods moving on the Mississippi River. U.S. Senator Dick Durbin (D-IL) praised the news that a contract has been awarded for the demolition of rock pinnacles in the Mississippi River and the work could begin as early as next week. In a November 29 meeting with Durbin and five other Midwest Senators, Assistant Secretary of the Army for Civil Works, Jo-Ellen Darcy
Donjon Marine, Co., Inc., a global marine services provider based in New Jersey, has announced a number of marine transportation projects the company has been involved with over the last months. These services are in addition to the daily support Donjon’s Transportation Division provides to Donjon’s Dredging, Salvage, Marine Demolition and related marine activities: SIMS Metals: Donjon tugs transport the barges that carry all of the steel scrap in the New York/Metropolitan
Greece-vased Seanergy Maritime Holdings sells its 172,173 dwt Capesize bulk carrier 'BET Scouter' for recycling The 1995-built, drybulk vessel, built in 1995 fetched a gross price of US$12,118,537. The ship was sold for demolition and has been delivered to its new owners. The Company will use the proceeds to reduce debt. Following the completion of sale of the BET Scouter, the Seanergy Maritime fleet consists of ten Handysize, three Panamax
Demolition Prices for elderly ships have fallen by a quarter in 2012 to date, and owners are encouraged to dispose of recycling candidates sooner rather than later, says Mark Williams of Braemar Seascope. Addressing the 7th Annual Ship Recycling Conference in London on 19th June, the Braemar Seascope Research Director told delegates that deflating international steel prices were likely to translate into lower offers for recycling tonnage in the coming quarters.
Scheldepoort Repair & Conversion Yard has been awarded a contract to convert the jack-up drill rig Shelf Explorer into offshore hotel accommodation. The accommodation unit will then be known as Atlantic Amsterdam, owned by Atlantic Amsterdam Pte. Ltd. in Singapore, a subsidiary of Ezion Holdings Ltd. Scheldepoort Repair & Conversion Yard (based in Vlissingen, The Netherlands) is part of Damen Shipyards Group and specializes in modifications, repairs and refits
Drydocks World & Maritime World's initiative aims to encourage all-round environmental excellence in maritme & allied sectors. The initiative was inaugurated in the presence of key decision-makers from government and industry, underlined by a MoU for green technology signed with
The continuing slump in global shipping is translating into brisk business for scrap yards at Gujarat's coastal town of Alang in India. Alang, which receives one out of every two ships destined for breaking, has retained the top slot amid stiff competition from Pakistan, Bangladesh and China
The fight against global piracy is as old as the seas themselves. Recent years have seen huge increases in pirate attacks against commercial shipping and, while the risk of piracy off East Africa is now believed to be somewhat diminished, the threat remains in the region and the cost to the global
Diana Containerships Inc., a global shipping company specializing in owning and operating containerships, announced that it signed, through a separate wholly-owned subsidiary, a Memorandum of Agreement to sell to an unaffiliated third party the 1989-built vessel Maersk Madrid (to be renamed
Coast Guard, Unified Command response crews complete grounded freighter 'Jireh' removal from Mona Island, Puerto Rico. The Jireh ran aground on Mona Island June 21, 2012 with 84 passengers and crew. The final cut-off-sections of the Jireh’s hull were lifted and transported by barge to
Great Lakes Dredge & Dock Corporation (GLDD) gets Wilmington Harbor anchorage basin deepening contract from Army Corps of Engineers. The contract, worth US$16.4-million, is for the deepening of the anchorage basin portion of the existing navigation channel on the Cape Fear River in North
Costamare Inc report unaudited financial results for the third quarter and nine months ended September 30, 2012. Greek-based Costamere is a leading owner and provider of containerships for charter. The Company has a fleet of 57 containerships, with a total capacity of approximately 329,000 TEU
Greece-based container ship owners report third quarter & nine months financial results ending 30, September 2012. Mr. Michael Bodouroglou, Chairman, President and Chief Executive Officer of Box Ships Inc., commented: “The third quarter of 2012 was marked with uncertainty in the
Industry May Keep Tryst with Doomsday The new IMO convention on Ship Recycling and the EU Proposal for Regulation of Ship Recycling are being viewed with concern by ship recyclers in Alang, India. If these come into force it is possible this world’s biggest grave yard for ships will have
International accountant and shipping consultant Moore Stephens says the banks will exert more control over the shipping industry in 2013. It also expects vessel values to fall further, and the cost of regulatory compliance to increase.
In a challenging market, Costamere has minimized its re-chartering risk, identifies possibilites to expand in container ship market. Costamare Inc. is a leading international owner of containerships. Through its subsidiaries Costamare Inc. owns a fleet of 58 vessels aggregating approximately 330
Great Lakes Dredge & Dock Corp reporte financial results for the final quarter and year ended December 31, 2012. Revenue increases in the quarter included: ◦ 123% increase in domestic capital dredging revenue driven by deepening work in the Ports of New
Drewry's latest 'LNG Insight' saw heating demand subside in major importing regions in February & cargo availablilty also tightened. Regarding cargo availability, a few unplanned shutdowns, caused a 4% decline in the LNG Freight Index.
The Cambridge Academy of Transport's 4-day course aims to provide an overview of the whole shipping business from A to Z. Being an expert in one field is no longer enough – an awareness of the whole business is essential. Environmental issues impact economics
Drydocks World and Maritime World announced the launch of Dubai Maritime Green Initiative, a movement to encourage all-round environmental excellence in maritime and allied sectors including oil, gas and energy. The initiative was inaugurated in the presence of decision-makers from government