Scrap Metal Recycling News

In the MarineNews Yearbook edition we looked at how the past year has treated the tug, tow and barge, the offshore and the passenger vessel markets, and we ask industry experts about the outlook for 2011. While tragedy struck the offshore markets and the recession continues to impact many companies, business leaders also have good news to share. In the tug, tow and barge market, both Donjon Marine Co. and Mobro Marine seemed to agree that diversification is a powerful asset when dealing with turbulent economic times.

The Lasco Logger Pool, already one of the world’s largest logger fleets, just got bigger, with the announcement that two of SINCERE STEAMSHIP CORP.’s newly built logger ships, the Alpha Venture and the East Tender, have been placed in the Lasco Logger Pool. SINCERE, a management company in Taipei, TAIWAN, operates thirteen ships in its fleet, including seven newbuildings, committed two new “Kanda 28’s” to the Pool, which is commercially managed by Lasco. SINCERE will perform its own technical management of its vessels. In commenting on the announcement, Mr. Kenneth M. Novack went on to call attention to Lasco’s constant efforts to improve its capabilities to make forward fixtures and reduce ballast legs, aggressively positioning cargo opportunities.