Tidewater has completed a previously announced transaction, acquiring the 27-vessel fleet from ENSCO International. The five anchor handling towing-supply vessels, six modern large capacity 220-ft. "stretched" platform supply vessels, 13 standard supply vessels and three utility vessels were acquired for a cash price of $79 million. Also included in the agreement is a provision which affords Tidewater the opportunity to provide supply, anchor handling and towing vessels to ENSCO for its Gulf of Mexico operations.
Marine electronics giant Navico has entered into a cooperative partnership with marine safety and navigation specialist Consilium through its Simrad brand with the intent to offer new products for the world’s commercial vessel fleet. Through their strategic and technological alliance, the two companies first aim to significantly change the comprehension of short range radar target detection and processing. The goal is to introduce radar systems for use on SOLAS vessels with a strong
Royal Caribbean said on Wednesday it has extended for 13 months options on building two $500 million ships to add to its 21-vessel fleet. The Miami-based operator of the Royal Caribbean International and Celebrity lines said in a news release that it had agreed with the Meyer Werft shipyard of Papenburg, Germany, to extend the options to July 26, 2002, on the so-called Radiance-class ships. Both options on the 2,100-passenger ships were due to expire on June 27
Swissco Adds on 2 More Vessels to Fleet Swissco International Ltd. said that its wholly-owned subsidiary, Swissco Offshore Pte Ltd (SOPL) has added two more offshore support vessels worth $5.7m to their vessel fleet. The first unit is a 147-ft. vessel placed with a Chinese shipyard in Guangzhou slated for delivery in 2H08. This order is the fifth of its kind to be placed with the same shipyard. This recent order is a testament to the Group’s belief in the high demand of such vessels.
Israel Corp. subsidiary Zim Integrated Shipping Services Ltd. said it had placed an order to purchase eight mega container ships from the South Korea’s shipyard Samsung Heavy Industries Co. Ltd. The deal, valued at $1.37b, ($170m each) comes six weeks after Zim Integrated Shipping Services Ltd. announced its plan to upgrade its container vessels fleet. The company had ordered eight TEU 12,600 mega containership for delivery by July 2012
Admanthos Shipping Agency Inc. has chosen SpecTec after reaching an agreement with their US office for the supply of AMOS2 Enterprise solution. Admanthos will use AMOS2 Maintenance & Purchase, AMOS2 Personnel and AMOS2 Quality to manage their Headquarter Office and four vessel fleet. Admanthos, based in Stamford, Connecticut, provides technical management, new building site supervision, crewing, chartering, and the general administrative and financial functions for the ship owning
Known as the original smallship cruise line, American Canadian Caribbean Line (ACCL), has established 25 new itineraries for the year 2000. Included in the new schedule are: Gulf Intracoastal Waterway; seven-day Belize/Barrier Reef; Chicago/Upper Mississippi; and Great Lakes/Quebec City. Able to hold between 84 and 100 passengers each, ACCL's three-vessel fleet Grande Caribe, Grande Mariner and Niagara Prince kicked off the new year in Central America and the Caribbean
Hornbeck Offshore Services announced that, based on first reports from the field, it has experienced no damage to any of its vessels as a result of Hurricane Gustav, including those currently under construction in Gulf of Mexico (GoM) shipyards. The Company's new generation offshore supply vessel fleet continues to operate at pre-storm levels of 100 percent utilization. The Company remains in position to assist its GoM customers as they begin to assess storm damage and commence their recovery
Navios Maritime Acquisition Corporation Announces Charters for Four LR1 Product Tankers; Fleet Coverage of 98.7% for 2012 and 75.7% for 2013. Navios Maritime Acquisition Corporation ("Navios Acquisition") (NYSE: NNA), an owner and operator of tanker vessels, announced today that it has chartered out four newbuilding LR1 product tankers. The four LR1 vessels -- Nave Cassiopeia, Nave Cetus, Nave Rigel and Nave Atropos -- have been chartered out to a high-quality
A.P. Moller-Maersk expects container ship capacity to grow 11% this year, outpacing demand, forcing owners to take corrective measures. The industry is likely to scrap more vessels, sail them at even slower speeds and idle more ships in order to balance supply with growth, Soren Skou, the chief executive of Maersk Line, told media at a news conference in Singapore, as reported by Fox Business News. Slow steaming, industry term for slowing down ships to save fuel
Offshore shipbuilder Vard Holdings reported a net loss of $40mln in the first quarter, on back of unrealized foreign exchange losses from a 15-year USD-denominated yard construction loan in Brazil. Net foreign exchange losses in the quarter amounted to $37mln
AXSMarine has launched an upgrade to AXSTanker – commonly known as AXSTanker4.0, a software solution for competitive shipbrokers in the Crude, Clean, Gas, Chemical and Product tanker space. Within the AXSTanker community, brokers have the option to share vessel position updates with other
The LPG coaster shipping market continues to be plagued by excess vessel supply with rates remaining stubbornly below pre-financial crisis levels, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.
Globavista drives greater efficiency in vessel fleets by providing enhanced operational intelligence to fleet managers with new software product updates, the developer announced. Globavista is a vessel tracking and monitoring product enhanced with a new User Interface allowing the
Rep. Joe Crowley (D-Queens, the Bronx), Vice Chair of the House Democratic Caucus, announced that he, along with 25 bipartisan members of Congress, sent a letter to the U.S. Department of Transportation and the Office of Management and Budget urging the agencies to develop and support a plan to
America is leading the global effort to end the Ebola outbreak in West Africa. And part of the Obama Administration's whole-of-government response has included some recent heavy lifting by two ships from the Maritime Administration's (MARAD) Ready Reserve Force
Harvey Gulf International Marine LLC made maritime history in North America last week by being not only the first owner/operator of a dual fuel offshore support vessel to bunker LNG as a marine fuel but to also successfully complete the first truck to vessel transfer of LNG and to power
T.S. Lines, Taiwan's fourth largest container carrier, is seeking to restart its dormant shipbuilding plan in 2015, the company announced Monday. In 2011, the company suspended a plan to order four 1,800 teu and four 4,700 teu box ships due to the belief that new building prices would
French seismic group CGG said on Thursday it would further cut its fleet of seismic vessels after declining demand from oil and gas clients hit by the falling oil price led it to record an impairment and one-time charges of $643 million in the fourth quarter.
Nordic American Offshore Ltd. (NAO) executive chairman, Herbjørn Hansson, has increased his ownership in the company, purchasing an additional 50,000 NAO shares with his son, Alexander, yesterday at about $7.83 per share. In a letter to NAO shareholders
SeaHow has launched a new product line of skimmers aiming to address the challenges encountered by the oil spill response (OSR) organizations. SeaHow, operator one of northern Europe’s largest fleets of OSR vessels, said that over the 30 years that it has carried out OSR work
Kvichak Marine Industries, a Vigor Industrial Company, was awarded a contract by the Water Emergency Transportation Authority (WETA), San Francisco, Calif. for the design and construction of two all-aluminum 400 passenger-only ferries.
Star Bulk Carriers Corp has added M/V Star Jennifer (ex "Ore Hansa), a 82,290 dwt Kamsarmax bulk carrier, built in 2006, to its fleet. The Company completed the acquisition of 34 vessels from Excel Maritime Carriers Ltd under an "en bloc" transaction announced on
New SeaHow skimmer systems – designed to collect both light and heavy oils efficiently – can be implemented in almost any work boat, starting with vessels only six meters long. SeaHow operates one of northern Europe’s largest fleets of oil spill response vessels
United Arab Shipping Company (UASC) named container vessel M.V. Barzan at Hyundai Samho Heavy Industries (HSHI), Mokpo South Korea today. The ship, the largest in UASC’s fleet to date, is part of the industry’s first LNG-ready ultra-large container vessel fleet.