Navios Maritime Partners to Purchase Two Vessels
Navios Maritime Partners L.P. (NYSE: NMM), an owner and operator of dry cargo vessels, announced today that it has agreed to purchase from Navios Maritime Holdings Inc. ("Navios Holdings") (NYSE:NM) the Navios Orbiter, a 2004-built Panamax vessel of 76,602 dwt, and the Navios Luz, a 2010-built Capesize vessel of 179,144 dwt, for a total consideration of $130.0 million. The vessel is chartered out at $38,052 (net) per day, for approximately 3 years, until April 2014.
Alewijnse Commissions Three Pilot Station Vessels
Alewijnse Noord BV in Drachten recently the largest order in the history of the company scored. It involves the construction of electrical systems on board three new Pilot Station Vessels for the pilotage. The vessels are built by Barkmeijer Shipyards. Barkmeijer Shipyards Stroobos building commissioned by the Pilotage three new ships. The 'pilot station vessels' function offshore as accommodation for the crew of the pilot boats. The vessels have a length of more than 80 meters.
Hyperdynamics Offshore Guinea Exploration Project
AGR Petroleum Services today signed a drilling contract, on behalf of Hyperdynamics Corporation (NYSE Amex: HDY), with Jasper Drilling Private Limited of Singapore to contract the drill ship Jasper Explorer for drilling in Hyperdynamics' concession offshore the Republic of Guinea. The Jasper Explorer is a modern Pelican Class self-propelled drill ship capable of operating in water depths up to 5,000 feet.
ORRV\DMS Discover Cluster Of Shipwrecks
Oceanic Research and Recovery Inc. (PINKSHEETS: ORRV), and Deep Marine Salvage Inc, today announced that they have agreed upon their first intended “cluster” of 5 commodity based salvage targets.
NOL Group's Two-Berth Terminal in Qingdao
NOL Group today announced a joint venture to operate a two-berth container terminal at the Port of Qingdao. The terminal, expected to open in the second half of 2011, will be NOL’s first in mainland China. “Today we’ve taken a significant step to strengthen our presence in China and participate fully in its unprecedented growth,” said Kenneth Glenn, APL President for North Asia. Container shipping and logistics giant NOL said…
OOCL Executive Changes
OOCL is pleased to announce the following executive movements in our headquarters and Hong Kong regional office, effective from June 13, 2011. Ms Miranda Lou, currently Managing Director, OOCL Hong Kong Branch will succeed Mr Taylor Gao as Director, Asia-Europe Trade after Mr Gao’s resignation from the company of his own accord. Mr Teddy Fung, currently Director, Reefer Trade, will be appointed as Managing Director, OOCL Hong Kong Branch.
General Dynamics Awarded $34M for Development
General Dynamics Electric Boat has been awarded a $33.5 million contract modification by the U.S. Navy to develop advanced submarine technologies for current and future undersea platforms. Electric Boat is a wholly owned subsidiary of General Dynamics (NYSE: GD). Under the terms of the modification, Electric Boat will perform advanced submarine research and development studies in support of a wide range of technology areas including manufacturability…
Deep Down Reports Q1 2011 Results
Deep Down, Inc. (OTC Bulletin Board: DPDW) (“Deep Down” or the “Company”), an oilfield services company specializing in products and services for the deepwater and ultra-deepwater oil and gas industry, today announced a net loss of $1.8 million for the first quarter of 2011, an improvement of $0.7 million, or 28%, over the same period in 2010. For the first quarter of 2011, Deep Down reported a net loss of $1.8 million…
Hamburg Süd Focuses on Sustainability
Hamburg 19 Mai 2011. A few days ago the Fraunhofer Working Group for Supply Chain Services SCS published the study “Sustainability Index for Logistics Service Providers”. The study analysed how transparently logistics service providers report on their activities in the area of sustainability and the measures they use to put the idea of sustainability into practice. Hamburg Süd received a thoroughly positive assessment on both counts.
Box Ships Takes Delivery of Containership
ATHENS, Greece, May 19, 2011 – Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, announced today that it has taken delivery of the MSC Siena, a 4,546 TEU container vessel built in 2006, from an unaffiliated third party and the CMA CGM Kingfish, a 5,095 TEU container vessel built in 2007 from Paragon Shipping. The MSC Siena has a…
Thailand’s Marsun Shipbuilder Grows Their Crewboat
Thailand’s Marsun Co. Ltd. has built a number of in-house designed 118-ft crewboats. Earlier this year they launched a 131-ft version. Delivered in February the Uniexpress 18 went into service in the Gulf of Thailand for owner Uniwise Offshore Ltd. transporting up to 70 workers to and from oil rigs. In addition to personel, the boat can carry up to 50 tons of cargo on the 120 square-meter after deck. Tankage is provided for 50,000 liters of fuel and 20,000 liters of water.
1,200HP Tug Aries Leased in Alaska
C & K Marine of Anchorage, Alaska has leased the 75' x 27' x 11' steel, twin screw tug "Aries" from Olympic Tug & Barge, Inc. of Seattle, Wash. The lease was arranged through the auspices of Marcon International, Inc. of Coupeville, Wash. The "Aries" is a conventional Gulf Coast style tug, built in 1980 by LAD Companies in Gibson, Louisiana. The U.S. flag tug is powered by a pair of GM 16V92NA diesels producing a total of 1250 HP @ 1900 RPM…
Progress Afoot in Wash. State Ferry System
The Joint Legislative Audit and Review Committee (JLARC) has issued a report noting the state ferry system’s progress in meeting legislative requirements for capital cost accounting passed in 2007.
Seanergy Maritime Holdings Reports Q1 Results
Seanergy Maritime Holdings Corp. (NASDAQ: SHIP; SHIP.W) announced today its operating results for the first quarter ended March 31, 2011. “Against challenging conditions, with the BDI down 50% from Q1 2010, Seanergy’s strategy of securing long term agreements with reputable charterers, as well as the fact that we have been operating a larger fleet this year, effectively insulated our revenues from the worsening market environment seen during the first quarter of the year.
Costa Favolosa Finishes Sea Trials
The Costa Favolosa has successfully completed the official sea trials. The naming ceremony is scheduled for 2nd July in Trieste, with an event dedicated to the 150th anniversary of the Unification of Italy. The Costa Favolosa, the new flagship of Costa Cruises, Italy’s largest tourism group and Europe’s no. 1 cruise company, has successfully completed her official sea trials. The ship, the 15th in Costa’s fleet…
Tidewater Reports Q4 Results
Tidewater Inc. (NYSE:TDW) announced today fourth quarter net earnings for the period ended March 31, 2011, of $12.0 million, or $0.23 per share, on revenues of $254.0 million. For fiscal year ended March 31, 2011, net earnings were $105.6 million, or $2.05 per share, on revenues of $1,055.4 million. For fiscal year ended March 31, 2010, net earnings were $259.5 million, or $5.02 per share, on revenues of $1,168.6 million.
Dryships Increased Backlog for Ocean Rig UDW
DryShips Inc. (NASDAQ: DRYS), a global provider of marine transportation services for drybulk and petroleum cargoes and off-shore contract drilling oil services, announced today that Ocean Rig UDW Inc., its majority owned subsidiary, has secured further backlog, as Borders & Southern plc have declared two optional wells under the existing drilling contract for the harsh environment drilling rig Leiv Eiriksson.
ABS Opens Office in Stavanger
Classification society ABS announces the opening of an office in Stavanger, Norway to further extend its global reach and provide dedicated support to its growing Norwegian client base. Known for its leadership in offshore classification and technology, the society’s Stavanger office will be staffed with a professional team of offshore engineers and surveyors focused on delivering premium class service to the region.
Seasure Shipping Launches Vesselsvalue.Com
A London-based firm of Sale & Purchase shipbrokers established in 1993, today announced the launch of VesselsValue.com, the first online service that provides automated, data-driven valuations, signalling a change in the way ocean going vessels are valued. VV’s software processes the global fleet using all comparable sales, adjusting for sale recency, ship specifications and changes in freight earnings, to produce real time market values in seconds.
Christening of MV Hon. James L. Oberstar
On Tuesday, May 24, 2011, the Interlake Steamship Company vessel M/V Hon. James L. Oberstar will be christened at Duluth, Minn. Mr. Oberstar and his wife Jean, the Sponsor of the ship, will be on hand for the christening. Due to Homeland Security regulations, only invited guests will be allowed access to the vessel for tours beginning at 9 am, followed by a press conference at 9:30 am and the christening ceremony at 10:30 am.