Marine Link
Thursday, March 28, 2024
SUBSCRIBE

Cleary News

22 Aug 2019

Waterford’s Tugboat Roundup Celebrates 20 Years

A modest event designed as a get-together for commercial workboat operators in upstate New York is now celebrating 20 years as a three-day community festival.On September 11, 1999, local resident John Callaghan had an idea to bring in some friends who ran tugs on the Hudson River and NYS Canal System for a quick one-day get together, right at the entrance to the famed Erie Canal. Callaghan, then a tug captain himself for the state canal system, brought in seven tugs and cooked several dozen hot dogs.

19 Dec 2018

Did You Know? The U.S.-Owned Ship Fleet is Valued at $47.2B

According to the most recent statistics from VesselsValue.com, published in the December 2018 edition of Maritime Reporter & Engineering News, the U.S.-owned fleet of ships totals 2,702 ships and $47.2 billion.The majority (2,618 ships worth $42.6B) are active now, with 84 vessels worth $4.5B currently on order.Tankers lead the value pack, with a cumulative 460 vessels woth $14B. But the Offshore Service Vessel (OSV) sector is cleary the leader in number of hulls, with 1,316 OSVs worth a cumulative $5.9B.

21 Sep 2018

USACE Participation Soars, Membership Expands at CDMCS

The Council for Dredging and Marine Construction Safety (CDMCS) convened this week in Washington, DC on the heels of its Pipeline Task Force Meeting to discuss OSHA regulatory updates, best practices for employee training documentation, opioid identification and prevention, and incident/injury trends in the industry.Representatives from The Dutra Group, Inland Dredging, Great Lakes Dredge & Dock, JT Cleary, Manson Construction Co., Mike Hooks, Norfolk Dredging, and Weeks Marine attended, as well as the Associated General Contractors of America (AGC), the American Waterways Operators (AWO), Coastal and Marine Operators Pipeline Industry Initiative (CAMO), and a record number of U.S.

14 Jun 2018

International Seaways Completes Acquisition of Six Euronav VLCCs

US-based tanker shipping company International Seaways (INSW) has completed the acquisition of six 300,000 dwt very large crude carriers (VLCCs) from Euronav NV. The tanker company providing energy transportation services for crude oil, petroleum products and liquefied natural gas announced in a press release that it has completed its previously announced acquisition of six 300,000 DWT VLCCs for a purchase price of $434 million, inclusive of assumed debt, from Euronav. The six vessels have an average age of two years and include five 2016-built VLCCs and one 2015-built VLCC, each constructed at Shanghai Waigaoqiao Shipbuilding Co. International…

05 Feb 2014

Ports America Announces Refinancing

The Ports America Companies successfully refinanced the debt facilities of both Ports America, Inc. (PAI) and MTC Holdings, Inc. (MTC) into a single, unified capital structure. The refinancing consisted of a new five-year, $475-million senior secured credit facility, including $170 million of revolving credit and letter of credit facilities, and a new seven-year, $375-million Holdco financing. The senior facility was provided by a group of new and existing lenders and led by Royal Bank of Canada. The Holdco facility was provided by CPPIB Credit Investments Inc., a wholly-owned subsidiary of Canada Pension Plan Investment Board (CPPIB), a global institutional investor with more than $190 billion of assets under management and a leading infrastructure and credit investor.

22 Jul 2013

Cruise Ship Hot-Tubbing Literally May Cost an Arm & a Leg

A US District Court Class action alleges flesh-eating bacteria lurking In cruise lines' hot tubs. Tab Lankford, who was cruising on the ship Carnival Paradise on December 17, 2011, claims he contracted "hot tub folliculitis" from a Carnival whirlpool. The severe infection nearly cost him his leg. "The entire leg turned black and they wanted to amputate," said his attorney, John Billera. After a week in the hospital and $70,000 in medical bills later, Mr. Lankford's leg was saved, but he still bears the scars from the flesh-eating infection. When Mr. Lankford contacted Carnival regarding his infection, he claims a guest relations specialist told him that there were more than fifty other passengers on the same cruise who came down with the same illness from using the hot tubs.

13 Sep 2004

NorseMerchant Ferries Boosts Freight Capacity

NorseMerchant Ferries has responded to market demand for increased trailer capacity between North-West England and the Republic of Ireland by adding a third vessel to its Birkenhead - Dublin service. With a capacity of approximately 70 trailers, the newly-chartered Leili will provide over 400 additional spaces per week in each direction on this route when she enters service in October. A sister vessel to NorseMerchant's Varbola, currently operating on the Heysham - Belfast route, Leili can also carry 12 driver accompanied units. Sailing from Birkenhead at 03.00hrs, Leili will arrive in Dublin at 11.00hrs, enabling same day delivery. The return sailing from Dublin at 15.00hrs will arrive in Birkenhead at 23.00hrs, allowing next day deliveries throughout the UK.

30 Mar 2007

Trident Warrior ’07 Brings New Technology to the Fleet

Naval Network Warfare Command (NETWARCOM) is hosting Trident Warrior 2007, the annual FORCEnet sea trial event, from March 16 through March 30, to improve communication and speed vital information to warfighters. During the exercise, U.S. naval forces are teaming with DoD and civilian agencies to test new technologies that will improve communication and situational awareness across a multinational experiment. Military units from Australia, Canada, New Zealand, the United Kingdom and France are also taking part in Trident Warrior. Some participants are actually attending the exercise here while others are linked virtually, using the various technologies being tested in a network-centric environment.

15 Aug 2002

NorseMerchant Adds a Third Ship to Service

NorseMerchant Ferries, a subsidiary of Cenargo International, is to introduce a third vessel to its Liverpool – Belfast service. Built in 1996, the 2,119 lane metre Lindarosa will join Mersey Viking and Lagan Viking on this route from 4 September 2002, increasing the number of daily sailings available to three on Tuesdays to Saturdays and two on Sundays and Mondays. A dedicated freight vessel, Lindarosa will carry up to 150 trailers and a maximum of 12 drivers. “It was always part of our planning to add this third ship once we transferred our operations to our new riverside terminal, Twelve Quays. On our old terminal, we simply didn’t have the space to increase the number of sailings.