Marine Link
Friday, March 29, 2024
SUBSCRIBE

Costas News

18 Jan 2024

US Says Houthis Launch Missiles at Tanker

© aerial-drone / Adobe Stock

Iran-allied Houthi militia launched two anti-ship ballistic missiles at a U.S.-owned tanker ship on Thursday night that hit the water near the vessel, causing no injuries or damage, U.S. Central Command said.The incident, the latest amid growing tensions in the Red Sea that has disrupted global trade and raised fears of supply bottlenecks, took place at around 9 p.m. Yemen local time (1800 GMT), according to the post on X, formerly Twitter.The Houthis, who control most of Yemen…

28 Dec 2023

US Shoots Ballistic Missile Down in Red Sea

© Photobank / Adobe Stock

The United States on Thursday said it shot down one drone and one anti-ship ballistic missile in the Southern Red Sea that were fired by Houthis in the 22nd attempted attack on international shipping since October 19.There was no damage or reported injuries, U.S. Central Command also said in its post on X, formerly known as Twitter.(Reuters - Reporting by Eric Beech and Costas Pitas)

13 Apr 2022

Russia's Black Sea Flagship Hit by Ukrainian Missile

© alexnikit / Adobe Stock

Russia said on Thursday the flagship of its Black Sea fleet was seriously damaged and its crew evacuated following an explosion that a Ukrainian official said was the result of a missile strike.Russia's defence ministry said a fire on the Moskva missile cruiser caused ammunition to blow up, Interfax news agency reported.It did not say what caused the fire but Maksym Marchenko, the Ukrainian governor of the region around the Black Sea port of Odesa, said the Moskva had been hit…

18 Mar 2022

World’s Most Famous Superyacht Gets New BWTS

Christina O has been fitted with a low flow L series - split skid BIO-SEA L03 0087 BWTS system (Photo: Costas Carabelas images)

The world’s most famous luxury yacht is operating an advanced BIO-SEA ballast water treatment system from France’s BIO-UV Group.Christina O, the 1943-built motor yacht named after the only daughter of Greek shipping magnate Aristotle Onassis, was fitted with a low-flow BIO-SEA system last year as part of a major refurbishment at the D.K Fotinakis yard, in Greece.To fit the limited space available in the 325ft long vessel’s machinery room, the 87m3/h capacity BIO-SEA L03-0087 system was supplied on two separate skids – one housing all mechanical components…

03 Mar 2022

Russian Troops Enter Strategic Ukrainian Port of Kherson

Kherson / Image Credit: ronedya/AdobeStock

Russian troops were in the center of the Ukrainian port of Kherson on Thursday after a day of conflicting claims over whether Moscow had captured a major urban center for the first time in its eight-day invasion.Russia's defense ministry said it had captured Kherson on Wednesday but an adviser to Ukrainian President Volodymyr Zelenskiy responded that Ukrainian forces continued to defend the Black Sea port of about 250,000 people."We are a people who broke the enemy's plans in a week," Zelenskiy said in a video address.

13 Jan 2022

U.S. Senate Set to Vote on Cruz's Nord Stream 2 Pipeline Sanctions Bill

Credit: Nord Stream 2

The U.S. Senate will vote on Thursday on a bill being pushed by Republican Ted Cruz to slap sanctions on the Nord Stream 2 natural gas pipeline in Europe, although it is not expected to garner enough support to pass.The bill is scheduled for a vote at around 2:45 p.m. ET (1945 GMT), according to Democratic Senator Jon Ossoff.Cruz struck a deal with Democrats last month to get a vote before Jan. 14 on the Russia-to-Germany natural gas pipeline in exchange for lifting his hold on dozens of Democratic President Joe Biden's ambassador nominations.Under the deal…

18 Nov 2021

Novaco Upgrades Its NovacoBridge Navigation Management Solution

Novaco Director, Captain Costas Zervas (Photo: Novaco)

Navigation services provider Novaco Limited is set to release a major update to its integrated navigation management solution, NovacoBridge. The update will be launched this month at Expomaritt Exposhipping Istanbul 2021.Used by mariners and businesses across the commercial and leisure markets, NovacoBridge provides a comprehensive all-in-one suite of navigation tools as well as individual modules for vessels and shore-based offices.Costas Zervas, Director EMEA at Novaco said…

08 Aug 2019

Cyprus Approves Russian Maritime RS

Russian Maritime Register of Shipping (RS) has signed a new agreement with the Maritime Administration of the Republic of Cyprus (the Cyprus MA).The new agreement extends the scope of the RS authorization by the Cyprus MA. In particular, RS is now authorized to perform surveys of ships flying the flag of the Republic of Cyprus for compliance with the requirements of the International Code for Ships Operating in Polar Waters (Polar Code), Code of Safety for Special Purpose Ships, Code of Safety for Diving Systems.The agreement is effective from August 1, 2019, said Russian Maritime Register of Shipping.On behalf of the Cyprus MA, the agreement was signed by the Permanent Secretary of the Shipping Deputy Ministry…

12 Jul 2019

Gibraltar Police Arrest Two More Crew Members of Detained Iranian Tanker

Gibraltar police said on Friday they had arrested the two second mates from the Iranian Grace 1 tanker which was detained last week on suspicion it was breaking European sanctions by taking oil to Syria.On Thursday, the captain and chief officer of the vessel were arrested."All four men are Indian nationals and they have been granted full legal assistance," Gibraltar police said in a statement.(Reuters, Reporting by Costas Pitas; editing by Stephen Addison)

12 Jul 2019

Gibraltar Claims Decision to Detain Iranian Tanker

© Josemaria Toscano/Adobe Stock

Gibraltar said its action last week to detain Iranian tanker Grace 1 was a decision it took on its own and not at the behest of any other state or third party, the territory's chief minister said on Friday."All relevant decisions in respect of this matter were taken only as a direct result of the government of Gibraltar having reasonable grounds to believe the vessel was acting in breach of established EU sanctions against Syria," Fabian Picardo told parliament."There has been…

11 Jul 2019

Iran Attempts UK Tanker Block, Fails

Civilian Mariner Kevin Sauls, Ship's master aboard the Henry J. Kaiser-class fleet replenishment oiler USNS Guadalupe (T-AO 200), observes the Royal Navy Duke-class frigate HMS Montrose (F 236) during a replenishment-at-sea drill. Guadalupe is conducting operations, providing logistical support to U.S. Navy and allied forces operating in the U.S. 7th Fleet area of responsibility. (U.S. Navy photo by Mass Communication Specialist 2nd Class Tristin Barth)

Britain says it fended off Iranian attempt to block its oil tankerThree Iranian vessels tried to block a British-owned tanker passing through the strait that controls the flow of Middle East oil to the world, but backed off when confronted by a Royal Navy warship, Britain said on Thursday.A week after Britain seized an Iranian tanker accused of violating sanctions on Syria, London said the British Heritage, operated by oil company BP, had been approached in the Strait of Hormuz…

11 Jul 2019

Gibraltar Police Arrest Captain of Detained Iranian Tanker

Gibraltar police said they have arrested the captain and chief officer of the detained Iranian Grace 1 supertanker accused of violating EU sanctions on Syria and have seized documents and electronic devices from the vessel.Last week British Royal Marines boarded the tanker off Gibraltar and seized it on suspicion that it was breaking EU sanctions by taking oil to Syria."The investigation is still ongoing and the Grace 1 continues detained," police said in a statement on Thursday.(Reuters, Reporting by Costas Pitas and Michael Holden; editing by Stephen Addison)

20 Apr 2018

IMarEST CEO David Loosley Appointed to Government Maritime Panel

Working in partnership with industry, the government aims to challenge the sector to think about what it will look like in 2050. This vision will reinforce the development of Maritime 2050, a long-term strategy by the end of 2018 that emphasises the opportunities for the UK maritime sector. The expert panel will offer advice and look strategically at the issues that will be of critical importance to the maritime industry, and all the industries it sustains, up to 2050. David leads the Institute, a professional membership body and learned society, in delivering its many different commitments to the global marine community. The IMarEST…

09 Jan 2017

Gladding-Hearn Delivers NYC Sightseeing Vessel

Circle Line Bronx (Photo: Gladding-Hearn Shipbuilding)

Gladding-Hearn Shipbuilding, Duclos Corporation, said it has delivered Circle Line Bronx, the first of three new sightseeing vessels for Circle Line Sightseeing Cruises, Inc., in New York City. “The new vessels will offer guests an enhanced sightseeing experience on every level,” according to Costas Markou, president and chief operating officer of New York Cruise Lines. Gladding-Hearn previously delivery three sister ships to Circle Line in 2009. Like the earlier vessels, the new 600-passenger all-steel vessel Circle Line Bronx…

12 Aug 2016

Euroseas Reports Loss

Euroseas Ltd has announced its results for the three and six month period ended June 30, 2016 as well as certain fleet updates. Total net revenues of $7.3 million. Net loss of $19.2 million; net loss attributable to common shareholders (after a $0.4 million of dividend on Series B Preferred Shares) of $19.6 million or $2.42 loss per share basic and diluted. The results include an impairment charge of $14.0 million on our "Investment in joint venture". Adjusted net loss attributable to common shareholders1 for the period was $0.51 per share basic and diluted. An average of 11.4 vessels were owned and operated during the second quarter of 2016 earning an average time charter equivalent rate of $7,373 per day.

25 May 2016

Euroseas Faces Headwinds, Reports Loss

Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced today its results for the three month period ended March 31, 2016. •Total net revenues of $6.5 million. Net loss of $2.8 million; net loss attributable to common shareholders (after a $0.4 million of dividend on Series B Preferred Shares) of $3.3 million or $0.40 loss per share basic and diluted. Adjusted net loss attributable to common shareholders1 for the period was $3.0 million or $0.38 loss per share basic and diluted. •Adjusted EBITDA1 was ($0.1) million. •An average of 11.54 vessels were owned and operated during the first quarter of 2016 earning an average time charter equivalent rate of $6,565 per day.

06 Jan 2016

Euroseas Sells Vessels, Refinances Newbuild

Euroseas Ltd., owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced the sale of several vessels, as well as the refinancing of a newbuild and six older ships. The company said it has sold M/V Despina P, a 1,932 TEU containership, built in 1990, and of M/V Aristides NP, a 69,268 dwt drybulk carrier built in 1993, to unaffiliated third parties for recycling. M/V Despina P was delivered to its buyers on December 28, 2015. M/V Aristides NP is expected to be delivered to its buyers around January 15, 2016. Euroseas has also signed a binding termsheet to finance 69 percent of the fair market value at delivery of its newbuilding…

30 Mar 2015

NYC Ferries: Gladding-Hearn Building Three New Vessels

Photo courtesy of Gladding-Hearn Shipbuilding

Gladding-Hearn Shipbuilding, Duclos Corporation, has begun construction of the first of three new sightseeing vessels for Circle Line Sightseeing Cruises, Inc., in New York City. A keel-laying ceremony at the Somerset-Mass., shipyard in January, was held in commemoration of the Circle Line’s 70th anniversary year. The new boat order follows the shipyard’s delivery of three sister- ships for the company in 2009. Delivery of the first new vessel is scheduled for 2016. According to Costas Markou…

29 Mar 2015

Greece Will Sell Piraeus Port Stake in Weeks

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country's deputy prime minister told China's official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors. The Syriza government of Alexis Tsipras took power in January on promises to end painful austerity, saying it would halt a string of privatisations including the sale of a 67 percent stake in the Piraeus Port Authority (OLP). China's Cosco Group was among five preferred bidders shortlisted under a privatisation scheme agreed by the previous conservative-led government as part of a 240 billion euro ($261 billion) bailout programme which Tsipras is seeking to renegotiate.

27 Mar 2015

Mediterranean Rescue Operations Strain Shipping

A young boy surrounded by adults after being rescued in June 2014 from a boat on the Mediterranean Sea. Photo: UNHCR/A. D’Amato

The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only proved to be too much for European coast guards and navies, it now poses a major problem for Mediterranean shipping. Maritime law states that all vessels, including private vessels and huge container ships, must come to the aid of any boat in distress. This poses a problem for mercantile vessels passing between southern Italy and Africa…

06 Aug 2014

Construction of Flotel Ship for Pemex

With traditional keel laying, began work today mount flotel tier ship for worker accommodation platforms Pemex Exploration and Production. The vessel, to be delivered in July 2016, measured 131 meters in length and 27 meters wide, and will accommodate 700 people. The event was held at the Children J. Barreras shipyard in Vigo SA, which Petróleos Mexicanos, through its subsidiary PMI Comercio Internacional, maintains control since December 2013, when it acquired the majority of shares. Thus, you can transfer technology and knowledge to Mexican naval sector. The event was attended by the CEO of PMI, José Manuel Carrera. Note that the last February took place the first cut sheet for the manufacture of the ship and have since performed the engineering design…

09 Jul 2014

New GTT Training Center Awards First Certificates

Photo courtesy of GTT

Gaztransport & Technigaz (GTT) announced that its new training center awarded certificates to the first group of delegates to complete a LNG Cargo Operations (SIGTTO management Level) training course. The delegates who participated received training in the cargo operations typically conducted onboard LNG carries in a course which is approved by DNV GL as complying with the SIGTTO (Society of International Gas Tanker and Terminal Operators), suggested competence standard. Located in the grounds of GTT’s headquarters in Saint Rémy Lès Chevreuse near Paris…

12 Feb 2013

DNV, PSE Report on Carbon Capture & Storage

Maritime CCS "feasible, and can reduce emissions by 65%", says DNV and PSE. Det Norske Veritas (DNV), a leading classification society, and Process Systems Enterprise Ltd. (PSE), a global provider of advanced process modelling technology, today have released the results of the Maritime CCS (carbon capture and storage) research and development project. The project has successfully developed a concept design for on-board chemical CO2 capture. The system consists of a chemical absorption plant that separates CO2 from flue gases…