Dockwise Results, Q4 & Full Year 2009
Dockwise Reported Financial highlights Q4 2009 Adjusted EBITDA of USD 42.1 million, with margin at 36% (Q3 2009: 43%); Net profit of USD 2.8 million before non-recurring items: Deal & financing
Latest LNG Carrier for GDF Suez
According to a Feb. 22 report from Lloyd’s List, French energy group GDF Suez has taken delivery of its newest liquefied natural gas carrier, the 154,200 cu m GDF Suez Point Fortin.
45 Tonne Bollard Pull ASD Tug Delivered
Soco (ex-Ulupinar VIII), the third of three newbuilding Robert Allan Ltd. design 45 tonne bollard pull compact ASD tugs, has been delivered by Sanmar Denizcilik Makine of Istanbul, Turkey to Caucedo Marine Services, Ltd. of Boca Chica, Dominican Republic. Caucedo Marine owns the sister-tug Haina which was delivered in 2008. The Soco will be fully operated by Remolcadores Dominicanos, owner of the sister-tug Nizao built last year.
CMA CGM Service Resumes Through Haiti
Having been involved in the relief effort since the earthquake struck Haiti, the CMA CGM Group announced that it has resumed a regular service between Port-au-Prince and Kingston in Jamaica.
MHI Licenses 3rd Chinese Company
Mitsubishi Heavy Industries, Ltd. (MHI) and Zhejiang Yungpu Heavy Machinery Co., Ltd. (YUNGPU) in China's Zhejiang Province agreed last December on licensing of…
This Day in Naval History – Feb. 24
1813 - USS Hornet, Captain James Lawrence, captures HMS Peacock 1968 - Task Force Clearwater established in I Corps (Source: Navy News Service)
This Day in Coast Guard History – Feb. 24
1964- A U.S. Coast Guard ice skiff rescued 25 persons from an ice flow that had broken loose from the shore near Camp Perry, Ohio. A similar rescue took place almost simultaneously at St.
CEPSA Panama New Barge, Port of Cristobal
CEPSA Panamá, consolidated as physical supplier of marine fuel at both sides of the Panama Canal, set up a new barge at the port of Cristobal. The Panabunker-Once started operations Jan. 22 2009. The barge supplies the container terminal of Port of Manzanillo, all other port terminals along the Atlantic sector and the anchorage area of Port of Cristobal. The Panabunker-Once is a double-hull barge.
Seakeeper New Rep Firm Commar Sales
Seakeeper has brought on ComMar Sales to handle the East Coast, South, Gulf Coast and Florida distribution of its line of Gyro Stabilization Systems. ComMar will represent Seakeeper in Alabama…
U.S. Navy Rescues Ship, Catches Pirates
According to a Feb. 23 report from Reuters, a U.S. Navy warship prevented an attack on a Tanzanian ship and apprehended eight suspected pirates in the process, the U.S. Embassy in Tanzania said.
Wärtsilä Slow Steaming Upgrade Kits
Wärtsilä has signed a contract with the German shipowner Jüngerhans, located in Haren (Ems), Germany, to refit two of its vessels with Wärtsilä Slow Steaming Upgrade Kits to cut fuel costs.
Navios Reports Q4 Results
Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2009.
NewLead Holdings Buys Vessels
NewLead Holdings Ltd. (NASDAQ:NEWL) announced that it has signed a Stock Purchase Agreement providing for the purchase of two Kamsarmaxes for an aggregate purchase…
New Navy Contract
Northrop Grumman Shipbuilding, Inc., Newport News, Va., is being awarded a $19,400,942 modification to previously awarded contract (N00024-08-C-2100) for planned…
Incat Crowther Monohull Crewboat
Incat Crowther announced construction of a 118 ft Monohull Crewboat for the Brazilian oil giant, Petrobras. This vessel is one of the first projects to take advantage of Incat Crowther’s new USA office. The vessel, under construction by ETP Engenharia Ltda in Rio de Janeiro, Brazil complies with the Petrobras specifications for the P2 type crew boat. The main cabin contains seating for 60 passengers in large reclining seats, some at tables.
Star Bulk Q4 & Year End Results
Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating…
Great Lakes 2010 Pilotage Rates
The U.S. Coast Guard issued a final rule establishing the rates for pilotage services on the Great Lakes. With effect from August 1, the rates will increase by an average of 5.07%. 75 Fed. Reg.
Offshore Wind Demo Project
The U.S. Army Corps of Engineers (USACE) issued a notice stating that it intends to prepare a draft environmental impact statement for the proposed Duke Energy Carolinas…
MOL Carriers Rescue Students
Mitsui O.S.K. Lines, Ltd. announced that its woodchip carriers Hokuetsu Delight and Crystal Pioneer searched for survivors of a training ship 550 km southeast of Rio de Janeiro in the South Atlantic…
Management Change at Davie Yards
Davie Yards Inc. (TSX:DAV) announced that Alain Tanguay has tendered his resignation as Chief Financial Officer of the Corporation, effective February 26, 2010, to pursue other career opportunities.