UASC Direct Services to-from North Europe
United Arab Shipping Company announced that the AEC1 service will start new direct calls to Jebel Ali. With that UASC would be adding a direct service from/to North Europe with competitive transit times offering 17 days from the last port in Europe and 25 days from Jebel Ali to the first port in North Europe. To that effect UASC Doha has called at Jebel Ali on May 6th and 7th, 2011. UASC remains committed…
Euroseas Declares Quarterly Dividend
Euroseas Ltd., (NASDAQ:ESEA) an owner and operator of drybulk carriers and container vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that the Company's Board of Directors has declared a dividend of $0.07 per common share for the first quarter of 2011. The dividend is payable on June 10, 2011 to all shareholders of record as of June 1, 2011. This…
OOCL, NYK Finalize Charter Agreement
NYK and OOCL are pleased to announce that they have entered into an agreement for the charter of four 13,000 TEU ships. OOCL has exercised its option to order an additional four 13,000 TEU ships on top of the original order of six. Out of the ten ships, four will be chartered to NYK for a period of three years. The first charter ship will be delivered to NYK in 2013. Both parties intend to deploy these ten ships within the Grand Alliance service network to allow for a service upgrade.
Teekay Tankers Reports Q1 Results
Teekay Tankers Ltd. Teekay Tankers Ltd. (Teekay Tankers or the Company) today reported its first quarter results for 2011. During the quarter, the Company generated $15.7 million in Cash Available for Distribution(1). Today, Teekay Tankers declared a dividend of $0.25 per share(2) for the first quarter of 2011, which will be paid on May 27, 2011 to all shareholders of record on May 20, 2011. The first…
DHT Holdings Charters VLCC, Option to Purchase
DHT Holdings, Inc. DHT has time chartered in a VLCC built 2003 at Hitachi for a period of 16 to 18 months at a rate of USD 27,000 per day. DHT has a continuous option during the charter to purchase the vessel at USD 65 million for the first 6 month period, USD 66 million for the second 6 month period and USD 67 million for the third 6 month period. The vessel is expected to be employed in the Tankers International Pool and will be delivered on May 16, 2011.
Publication of EurOCEAN 2010 Report
Marine Institute CEO, Dr Peter Heffernan, today (13th May) welcomed the publication on-line and in hard copy of the Belgian EU Presidency EurOCEAN 2010 Conference Report and Ostend Declaration. The Conference report summarises the many science and policy presentations made at the EurOCEAN 2010 Conference in October last year focussing on new challenges and opportunities to be addressed by the marine and maritime sectors in the coming years.
Bourbon Q1 2011 Revenues
Bourbon reported that the recovery expected in the 4th quarter of 2010 was confirmed In the 1st quarter of 2011. Q1 2011 revenues up 23.8% year-on-year up 6.4% over the previous quarter.
BOEMRE Approves GOM Deepwater Exploration Plan
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) announced the approval of a deepwater Gulf of Mexico Exploration Plan (EP) following the…
Public Comment for Four New Deepwater EAs
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today announced that public comment is invited with respect to four Environmental Assessments…
More Ships Depart Suisun Bay Reserve Fleet
Two obsolete vessels, the Reclaimer and Sagamore, are scheduled to be towed from the Suisun Bay Reserve Fleet on Monday, May 16, 2011. The departures mark the 20th…
This Day in U.S. Naval History - May 16
1800 - CAPT Preble in Essex arrives in Batavia, Java, to escort U.S.
This Day in U.S. Coast Guard History - May 16
1846-Eleven cutters were assigned to cooperate with Army and Navy in the Mexican War. Cutters McLane, Legare, Woodbury, Ewing, Forward, and Van Buren were assigned to the Army.
NewLead Holdings Announces Acquisition of Handysize Dry Bulk Vessel
NewLead Holdings Ltd. (NASDAQ: NEWL), an international, vertically integrated shipping company, today announced that on May 10, 2011 it acquired the 2003-built, 34,682 dwt, Handysize dry bulk vessel, Newlead Prosperity, for a total consideration of $24.5 million. The Newlead Prosperity was initially delivered under a bareboat charter during Q4 2010. The charter period ended May 10, 2011. Mr. Michael Zolotas…
Spain Promotes the Candidacy of Esteban Pacha of IMO
London, 16 May 2011 (Ministry of Development). In an event organized at the headquarters of the Embassy of Spain in London, Captain Esteban Pacha presented the programme of his candidacy to the Ambassadors, Permanent Representatives and Directors of the Maritime Administrations of most IMO Council Member States. The event was attended by the Spanish Director General of Merchant Marine Ms Isabel Durantez.
DIAB Receives DNV Certification
Following the introduction at the JEC show in Paris, the new DIAB product Divinycell Matrix 11-9 and improved Divinycell Matrix 7-7 have received DNV certificates.
Champion Technologies Wins First West Africa Deepwater Contract
Specialist oilfield production chemicals company Champion Technologies has secured its first deepwater chemical management services contract in West Africa in an eight-figure deal over five years. The work involves a full suite of chemicals and associated support services for Noble Energy’s Aseng Field Development project in Equatorial Guinea, West Africa . The company plans to build a base in Luba’s Freeport Zone which will include office space…
Bureau Veritas Says It Is Time For A New Meaning Of Efficiency
LEADING international classification society Bureau Veritas says continuing pressure on environmental emissions, coupled with rising oil prices, puts a new focus on operational efficiency. Writing in the Bureau Veritas Marine Business Review 2011 Bernard Anne, managing director of BV’s Marine Division says, “Efficiency has to take on a new meaning. To be efficient means more than optimising a ship to burn less fuel when loaded and at its design service speed.
Final Stage of Dubai Maritime Sector Strategy Begins
Government and non-government entities working in the maritime sector of Dubai and associated with it, are reaching the final stages of the development of a comprehensive, first-of-its-kind maritime sector strategy (MSS) for the Emirate. The MSS will help Dubai lay the foundation for the creation of a sustainable and competitive maritime offering that will position Dubai at par with world leading maritime centers.
Hydrex US: Fully operational in North America
The Hydrex office in Clearwater, Florida, in the Tampa Bay area is fully established and ready to mobilize immediately. The office has a fast-response center that is equipped with a full range of diving support equipment and everything needed to carry out Hydrex underwater operations at short notice. This enables Hydrex LLC to efficiently service vessels and offshore units calling on ports in Canada, North, Central and South America as well as the Caribbean.
BOEMRE Hearings: Draft EIS for Western GOM
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) will hold two public hearings in Houston, Tx. to accept oral or written comments on a…