Bulk Carrier Crew Rescues Three off Costa Rica
The crew of bulk carrier Navios Sagittarius came to the rescue of three people in the water approximately 33 miles off the coast of Costa Rica on Tuesday, October 17, 2017. According to a rescue report submitted to the AMVER center, the Navios Sagittarius witnessed people in the water and the bridge team activated the man overboard alarm while the master requested the ship slow to maneuvering speed. The crew then lowered a lifeboat and safely rescued the three people from the water. Once the survivors were on board, the ship resumed its voyage to Balboa. The Navios Sagittarius, managed by Navios Shipmanagement of Piraus, Greece, enrolled in AMVER on April 12, 2009. AMVER (Automated Mutual Assistance Vessel Rescue System), sponsored by the U.S.
Complex Steel and Cofferdam Repairs Carried Out Afloat
Hydrex has an in-house Research & Development department that can take care of the engineering aspects of an operation. In this way turnkey solutions can be offered for complex hull and other repairs that require the construction of specific equipment. All the projects are engineered and carried out in close cooperation with the customer and any third party suppliers. R&D evaluates the feasibility of an underwater repair, continue through design and construction of customized equipment and go all the way through to successful execution of the repair or replacement and subsequent follow-up.
A World’s First in Underwater Repair:
The insertion of a complete, prefabricated replacement hull section in a badly damaged ship at anchor. On Friday 22nd July, 2011 the Tsavliris Salvage Group urgently dispatched salvage tug Stevns Battler in response to a call for assistance from bulk carrier Navios Sagittarius (GRT: 38,849, DWT: 75,756), laden with 73,419 metric tons of iron ore pellets. The Sagittarius had run aground on the Tonneberg Banke, about 23.5 miles east of Frederikshavn, Denmark, while on passage from Finland to China.
Navios Maritime Q4, Year End Results
Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry cargo vessels, reported its financial results for the fourth quarter and year ended December 31, 2010. Ms. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: "We are pleased to increase our cash distribution per unit for the fourth quarter. Ms. Frangou continued, "Overall, 2010 was a good year for Navios Partners. We grew the asset base substantially by adding 5 new vessels, all with long-term charters. At the same time, we reduced our leverage ratios. The Board of Directors of Navios Partners declared a cash distribution for the fourth quarter of 2010 of $0.43 per unit.
Navios Maritime Partners Results for Q2 2010
Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry cargo vessels, reported its financial results for the second quarter and six months ended June 30, 2010. Angeliki Frangou, Chairman and Chief Executive Officer of Navios Partners, stated: "I am pleased with our performance during the second quarter. We raised $92.3 million in the equity markets and purchased the Navios Pollux. The acquisition of the Navios Pollux increases the average charter coverage of our fleet to 4.4 years and reduces the average age of our fleet to 5.7 years. Throughout this release, EBITDA for the three and six months ended June 30, 2009 represents net income before interest…
Navios Maritime Announces Long-Term Time Charters
Navios Maritime Holdings Inc., a vertically integrated global shipping company specializing in the dry-bulk shipping industry, announced today that it has secured favorable time charter contracts for three of its vessels. As a result, Navios has extended the coverage of its core fleet to 100.0% for 2006, 73.3% for 2007 and 37.0% for 2008. The time charters, for the Navios Cielo, Navios Orbiter and Navios Sagittarius, have been fixed for approximately 2 years each at rates creating approximately $32.9 million of EBITDA over the charter periods.
