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February 23, 2017 11:28 PM ET

Teekay Offshore Sees Profit Drop

 Teekay Offshore Partners has reported GAAP net income attributable to the partners and preferred unitholders of $92.0 million and adjusted net income attributable to the partners and preferred unitholders of $8.5 million in the fourth quarter of 2016.

February 23, 2017 11:28 PM ET

Allseas Bags Nord Stream 2 Project Contract

 Following an international tender process, Nord Stream 2 AG have awarded a contract for offshore pipelay of the Nord Stream 2 natural gas pipeline through the Baltic Sea to Allseas.    The company will undertake offshore pipelay works for both lines in 2018 and 2019.

February 23, 2017 11:27 PM ET

Safe Bulkers Reports 4Q Loss

 Greece-based Safe Bulkers (SB) has reported a loss of $4.6 million in its fourth quarter. On a per-share basis, it has a loss of 9 cents.   Net revenues for the fourth quarter of 2016 increased by 6% to $31.7 million from $29.9 million during the same period in 2015.

February 23, 2017 11:25 PM ET

Teekay LNG Reports Profit in 4Q

 Teekay LNG Partners has reported GAAP net income attributable to the partners and preferred unitholders of $84.4 million and adjusted net income attributable to the partners and preferred unitholders of $29.0 million in the fourth quarter of 2016.   “During the fourth quarter,

February 23, 2017 11:24 PM ET

Nordic American Offshore Announces Public Offering

 Nordic American Offshore (NAO) has announced an underwritten public offering of 33,333,333 common shares pursuant to the Company’s effective shelf registration statement.     Morgan Stanley & Co. LLC, DNB Markets, Inc. and Skandinaviska Enskilda Banken

February 23, 2017 11:23 PM ET

ABS Takes the Lead as First Class Society to Earn EU MRV Accreditation

 ABS, a leading provider of classification and technical services to the marine and offshore industries, was awarded accreditation by Greece’s National Accreditation Body, the Hellenic Accreditation System (ESYD), to perform assessments for European Union (EU) Monitoring,

February 23, 2017 11:23 PM ET

Keel Laying of First Shuttle Tanker for East Coast Canada

 Teekay Offshore will be the sole supplier and operator of shuttle tankers sfor East Coast Canada(ECC), says Teekay Corporation.   On February 15, the keel laying ceremony for Teekay’s first shuttle tanker newbuilding for ECC took place at the Samsung Heavy Industries shipyard in Korea.

February 23, 2017 5:36 PM ET

US Tanker Liberty Sails for Sea Trials

U.S. shipbuilder General Dynamics NASSCO said it has sent the newly built Jones Act tanker Liberty to sea for testing and trials.   The 610-foot-long Liberty set sail for the first time on Monday, February 20 to undergo sea trials before delivery later this year.

February 23, 2017 3:04 PM ET

ABS Earns EU MRV Accreditation

Greece’s National Accreditation Body recognizes ABS as EU MRV frontrunner.   ABS said it was awarded accreditation by Greece’s National Accreditation Body, the Hellenic Accreditation System (ESYD), to perform assessments for European Union (EU) Monitoring,

February 23, 2017 2:58 PM ET

Damaged Tug Heads to Seattle for Repair

The U.S. Coast Guard said it has green lighted a transit plan for the damaged tug Samson Mariner to head south from Ketchikan, Alaska for repairs in Seattle. The vessel departed on Tuesday accompanied by an escort tug.   Samson Mariner was damaged and spilled approximately 1,

February 23, 2017 2:35 PM ET

Chao Phraya: A Floating Food World

For many years, the Supatra River House on the Chao Phrya River, has been a favorite with Thai and foreign dinners. Situated on the Thonburi side of the river, the most favored approach to the restaurant is by boat. To that end, the owner, Khun Supapan

February 23, 2017 2:27 PM ET

LR Tankers Taken for Gasoline Storage in Asia

Long range tankers taken for storage on expectations of tighter Asian gasoline market   Singapore gasoline cracks have averaged $10.72/bbl in February so far, down by 12 percent y-o-y but still relatively firm. Robust demand from the Middle East and

February 23, 2017 1:52 PM ET

Hull Failure, Flooding, Led to Fishing Vessel Casualty

The December 2015 sinking of fishing vessel Orin C and fatality of a mariner on board were cause by structural failure of the vessel’s hull and subsequent flooding, according to a marine accident brief released by the National Transportation Safety Board (NTSB).

February 23, 2017 11:01 AM ET

Pronomar Delivers for Bernard Schulte’s New SOVs

Pronomar said it has provided drying systems to Bernard Schulte Ship Management, for the company’s two new service operations vessels (SOVs), Windea La Cour and another to-be-named, working under contract for SIEMENS in the 600 megawatt Gemini wind farm in the Dutch part of the North Sea.

February 23, 2017 10:50 AM ET

New Sat Comms Expert for the Greek and Cypriot Markets

Marlink has signed an agreement to enter into a joint venture with the satellite connectivity business of Greece and Cyprus based TNL Group, enabling it to launch a brand new maritime satellite communications expert, Marlink CG. Delivering a wide portfolio

February 23, 2017 10:38 AM ET

POSH Takes Delivery of Two Singapore-built Tugs

Two Azistern 3270 tugs designed by Offshore Ship Designers (OSD) have been delivered to their new owner, PACC Offshore Services Holdings Limited (POSH Singapore), the Asia-based international offshore support vessel operator.   Posh Husky and Posh

February 23, 2017 10:00 AM ET

GasLog LNG Services Selects E-learning Solution

LNG tanker shipmanagement company GasLog LNG Services Ltd. has selected Seagull Maritime’s e-learning material & Competence Management platform for use fleet-wide, in manning offices and online, along with the Crew Evaluation System for its main office in Greece.

February 23, 2017 9:55 AM ET

Egypt Rejects Russian Wheat Cargo

Egypt has finalised its rejection of 18,000 metric tons of Russian wheat that prosecutors seized at an Alexandria port in November, traders with direct knowledge of the matter said on Thursday. Egyptian prosecutors had seized the wheat from a storage

February 23, 2017 9:42 AM ET

Dry Bulk Back from the Brink

While the tanker industry worries about OPEC reducing output and the container industry rushes to consolidate, dry bulk values have been quietly increasing. VesselsValue senior analyst William Bennett digs through the data to uncover the reasons why.

February 23, 2017 8:40 AM ET

OLT Seeks up to 20 LNG Cargoes

Italy's OLT LNG import terminal moored off the Tuscan coas t is seeking up to 20 cargoes of liquefied natural gas (LNG) for delivery between April and September, two trade sources with direct knowledge of the tender said on Thursday.   The Italian



 
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