Wednesday, October 11, 2006 Maritime News

Singapore Conducts Lifeboat Drills

Oct 11, 2006

The Singapore Maritime and Port Authority (MPA) issued a circular reminding masters and crewmembers of the hazards associated with free-fall lifeboat drills. Source:HK Law

Groups Say NZ Port Merger will Cut Costs

Oct 11, 2006

Reports said that shipping and business groups say a proposed merger of New Zealand's largest ports will cut costs. The Ports of Auckland and Ports of Tauranga

Saipem Wins $840m Contract

Oct 11, 2006

Saipem SpA said it has won an $840m, five-year contract from Eni Norge for rental of its new semi-submergible deepwater drilling vessel Scarabeo 8. The contract

Seaspan to Buy 4 from Maersk

Oct 11, 2006

Reuters reported that Seaspan Corp. has agreed to buy four container vessels from A.P. Moller-Maersk A/S for $40m per vessel. The company said each new 4800

Quintana Maritime Takes Delivery of Bulk Carrier

Oct 11, 2006

Quintana Maritime Limited has taken delivery of a Panamax bulk carrier, Grain Express, from Metrobulk. Grain Express has a carrying capacity of 76,466 deadweight

Parties May Not Create Maritime Lien by Agreement

Oct 11, 2006

The U.S. Court of Appeals for the Fourth Circuit ruled that parties may not create a maritime lien by agreement. In the instant case, a bunker company provided

TOP Tankers Sells Handymax Vessel

Oct 11, 2006

TOP Tankers Inc. on said it expects to book a profit of about $4m from the sale of one its tankers to an undisclosed buyer. The company said it plans to recognize the gain in the fourth quarter,

Horizon Marine Supports Rig Tow to Brazil

Oct 11, 2006

After 5,500 nautical miles and 64 days at sea, the semi-submersible drilling unit Noble Therald Martin arrived in Macae, Brazil. Horizon Marine assisted the

Ultrapetrol Sets IPO of 12.5m Shares

Oct 11, 2006

Ultrapetrol Ltd., a Bahamas-based shipping company, is scheduled to go public next week with an initial public offering of 12.5 million shares. Shares are expected

Navios Maritime Announces Long-Term Time Charters

Oct 11, 2006

Navios Maritime Holdings Inc., a vertically integrated global shipping company specializing in the dry-bulk shipping industry, announced today that it has

Celebrity Cruises Starts on Solstice

Oct 11, 2006

Celebrity Cruises has taken its first step toward physically launching Celebrity Solstice in Fall 2008. The line's President Dan Hanrahan ceremoniously pressed

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