Cci News

Sanmar has delivered a compact RAscal 1500 ASD tug to CCI Bayonne Pays Basque, which manages the Port of Bayonne in France.Based on the RAscal 1500 design series from Canadian naval architects Robert Allan Ltd, Göksu V is 14.95 meters long with a molded breadth of 8.3 meters and a least molded depth and navigational draft of 3 meters. It can achieve 16 tons of bollard pull and a speed of 10 knots.Göksu V is an ASD tug that has been specifically designed and developed for ship-handling in modern, but typically smaller harbor and port operations.

Dry bulk owner and operator Norvic Shipping has taken delivery of a newly built ultramax vessel on a long-term charter as the organization continues to expand its fleet.The 64,000 dwt fuel-efficient vessel, named Norvic Copenhagen, will be deployed worldwide after being delivered by Imabari Shipyard during a recent handover ceremony in Japan.AJ Rahman, Group Chairman and CEO of Norvic Shipping, said, “Acquiring dry-bulk vessels on lengthy charters is part of Norvic’s strategy to expand our long-term fleet…

Memphis, Tenn.-based Southern Towing Company (STC) said Tuesday it has acquired family-owned Devall Towing, in a deal that expands STC’s towing operations into specialty chemical products.Headquartered in Sulphur, La., Devall is a towboat and barge operator for specialty chemicals along the Gulf Intracoastal Waterway and Lower Mississippi River, operating 36 towboats and 125 liquid tank barges.The combination of Devall’s operations with STC’s upriver capabilities allows Devall and STC to provide integrated marine transportation solutions across the Gulf Intracoastal and U.S.

Houston-based Castleton Resources said that its subsidiary Castleton Commodities International LLC (CCI) has closed on the acquisition of the East Texas and North Louisiana Haynesville Shale assets of BG US Production Company LLC, a subsidiary of Royal Dutch Shell plc. Pro forma for the acquisition, Castleton Resources will hold approximately 222,400 net acres in the region and produce approximately 334 MMcfe/d (net). Castleton Resources is owned by CCI and Tokyo Gas America Ltd., a wholly owned subsidiary of Tokyo Gas Co., Ltd. Concurrent with the transaction, Tokyo Gas America Ltd. will increase its interest in Castleton Resources from 30% to approximately 46%.

Chicago-based CC Industries acquired Southern Towing Company (STC) from Trive Capital and McCombs Partners. Founded in 1958, STC is one of the largest operators of towboats and barges along the inland waterways of the United States.This acquisition expands CCI’s portfolio of industry-leading businesses, and marks another CCI investment in the transportation equipment and logistics sector.“STC is a remarkable business with a long history of excellence,” said Bill Crown, President and Chief Executive Officer of CCI. “We are delighted to add Southern Towing to the CC Industries family of operating companies.”Headquartered in Memphis, Tennessee…

Dubai's DP World has asked an Indian court to halt an investigation into alleged antitrust violations at the country's largest container port in Mumbai, saying the regulator was seeking excessive information, a court document seen by Reuters showed.The Competition Commission of India (CCI) last year said it suspected antitrust violations by DP World and Denmark's A.P. Moller-Maersk at the terminals they operate at state-owned Jawaharlal Nehru Port Trust (JNPT).The CCI's investigation followed a complaint by Singapore's PSA International Pte Ltd, which alleged that Maersk and DP World businesses created barriers to hinder the growth of PSA's terminal by colluding on certain charges they levy at JNPT.In December, a Mumbai high court declined a DP World plea to quash the investigation.

India's antitrust regulator has ordered a probe into alleged anti-competitive practices by Denmark's A.P. Moller-Maersk and Dubai's DP World at the terminals they operate at the country's largest container port in Mumbai, five sources familiar with the matter told Reuters.The decision by the Competition Commission of India (CCI) to investigate follows a complaint by Singapore's PSA International Pte Ltd, which alleged that Maersk and DP World created entry barriers to hinder the growth of PSA's terminal by colluding on certain charges they levy at the state-owned Jawaharlal Nehru Port Trust (JNPT).Handling 66 million tonnes of cargo in the last fiscal year to March, JNPT is critical to India's international trade.

The members of the Smart Port  steering committee collectively approved a first series of projects that will take advantage of the digital transition to affirm and consolidate the port-based vocation of the Aix-Marseille-Provence urban area. With this dynamic, Marseille Fos, the French Smart Port in Med is being built! During a steering committee meeting including representatives of the government, Région Provence-AlpesCôte d'Azur, the Conseil Départmental des Bouches-du-Rhône, Métropole Aix-Marseille-Provence, Ville de Marseille, Etablissement Public Euroméditerranée, Caisse des Dépôts, Agence Régionale pour l’Innovation et l’Internationalisation des Entreprises…

Glencore books the STI Grace tanker to store fuel at sea-traders. This has not been the summer many oil traders had expected after last year's bumper profits. Banking on more of the same, the world's refineries have churned out more diesel, gasoline and jet fuel than eager drivers and holiday makers have been able to consume even over the summer travel season. Fuel inventories in the United States, Europe and Asia are brimming despite the height of peak summer driving. European traders are now moving to store diesel on tankers at sea as on shore storage tests its limits yet again. At least one vessel, the 90,000 tonne STI Grace has dropped anchor off the chic holiday town of Southwold on England's east coast in what traders said was floating storage. The vessel was chartered by Glencore.

On Sunday, 27 September, Norwegian Cruise Line’scruise vessel,Norwegian Epic, entered Damen Shiprepair Brest for a scheduled refit and maintenance programme. The vessel will remain in Brest’s largest drydockuntil18 October. The yard, besides executing the repair and maintenance works, provides all necessary logistic services to Norwegian Cruise Line’sarranged contractors. “This isn’t just another mega-class cruise ship”, explains Robert Diepenbroek, Managing Director at Damen Shiprepair Brest.Norwegian Epic is cruising reimagined with innovations never before seen at sea. Being today’s fifth largest cruise vessel, the ship is a floating hotel with all related facilities, including bars, restaurants, theatres, casinos, swimming pools, etc.

The government of India may continue to exempt vessel sharing agreements among shipping companies from the purview of fair trade watchdog CCI, reports Press Trust of India. The government felt that such pacts are unlikely to hurt competition, after the CCI and the Director General of Shipping reviewed the situation during the last exemption period. The Vessel Sharing Agreement (VSA) is a common practice in the shipping industry that allows entities to share space in each other's vessels. An official statement said that the Corporate Affairs Ministry is expected to soon issue a notification with regard to exempting VSAs from the ambit of Competition Commission of India (CCI). A one-year exemption, which was earlier provided by the government, expired in December last year.

American Commercial Lines presented Marine Environmental Stewardship Awards on Wednesday, July 16 in Houston, Texas, recognizing 35 customers for safe handling of chemicals, petroleum products and other liquid cargos. The customers recognized by ACL safely handled over two billion gallons of chemicals, petroleum products and other liquid cargoes with the barge transportation company in 2013. Recipients of the award are: Axiall Corporation; BASF Corporation; Bayer Corporation; Bunge North America…

Aker Solutions has won two similar contracts, together worth approx. 120 million NOK, from CQG Oil & Gas Contractors Inc. and CCI Oil & Gas Contractors Inc., for the supply of Pusnes offloading systems(TM) to two FPSOs in the Brazilian market. The offloading systems will be installed on the two FPSOs P-58 and P-62, which are being converted and built for Petrobras. The two FPSOs are spread moored FPSOs, and will use the field proven Pusnes offloading system(TM) at both bow and aft ends.

Lockheed Martin MS2 Division, Syracuse, N.Y., is being awarded a $25,795,680 modification to previously awarded contract (N00024-07-C-5201) to exercise an option for upgrade kits for the Navy's AN/SQQ-89A(V)15 Undersea Warfare System. The AN/SQQ-89A(V)15 is a surface ship combat system with the capabilities to search, detect, classify, localize and track undersea contacts; and to engage and evade submarines, mine-like small objects, and torpedo threats. Work will be performed in Lemont Furnace, Pa. (50 percent); Syracuse, N.Y. (25 percent) and Eagan, Minn. (25 percent) and is expected to be completed by September 2010. Contract funds will not expire at the end of the current fiscal year. The Naval Sea Systems Command, Washington Navy Yard, D.C., is the contracting activity.

Industry throughout Australia has the opportunity to work with the Austal-Raytheon Amphibious Ships Team, which in August 2004 announced its intention to bid for the Australian Defence Force’s $2 billion Amphibious Ships Project (JP 2048). JP 2048 involves the construction of two amphibious ships between 200-250 metres in length and approximately 25,000 tonnes displacement. John Rothwell, Austal’s Executive Chairman, said, “A project the size of JP 2048 provides an opportunity for the involvement of many parts of industry and no single company will be able to deliver on all requirements. To maximise the involvement of Australian industry…

Shares of cruise stocks, Carnival Corp. and Royal Caribbean Ltd., have traded down recently, with a sharp pullback following the recent release of the Consumer Confidence Survey. However, in a report released last week, researchers Lazard Frères & Co. said the shares are nearing an oversold level, representing an excellent buying opportunity, and reiterated their "buy" rating for both Carnival and Royal Caribbean. The Consumer Confidence Survey is a five-question survey that measures the level of confidence that individual households have in the performance of the economy. A composite index is created based on the responses. The source for the dip, the report says, was that the Consumer Confidence Index for September shows a sequential decline from August levels.

Now is the time to buy cruise shares, says a cruise industry review released by Lazard Frères & Co., which notes that although shares have been up and down in the past few weeks with only a 1 percent increase in the last month, the relatively defensive performance of the cruise/leisure segment is encouraging. The report states cruise shares are sensitive to any data showing a slowdown in consumer spending in 2000. In September, a decrease in the Consumer Confidence Index was enough to cause a 7-8 percent drop in Carnival and Royal Caribbean shares. However, a closer look showed a tendency of the CCI to soften in autumn months. At 134.2, the CCI is 6 percent higher than a year ago, actually suggesting stronger confidence among consumers.

Now is the time to buy cruise shares, says a cruise industry review released by Lazard Frères & Co., which notes that although shares have been up and down in the past few weeks with only a 1% increase in the last month, the relatively defensive performance of the cruise/leisure segment is encouraging. The report states cruise shares are sensitive to any data showing a slowdown in consumer spending in 2000. In September, a decrease in the Consumer Confidence Index was enough to cause a 7-8% drop in Carnival and Royal Caribbean shares. However, a closer look showed a tendency of the CCI to soften in autumn months. At 134.2, the CCI is 6% higher than a year ago, actually suggesting stronger confidence among consumers.