TORM Sale, Leaseback Agreement for Product Tanker
TORM has entered into a sale and leaseback agreement for the product tanker TORM Marie. The vessel has been sold for a total consideration of $46m. The transaction…
Hyundai, Samsung Clash in Drillship Market
According to a report from the Korean Herald, the competition in the market for drillships is heating up with Hyundai Heavy Industries Co. threatening Samsung Heavy Industries Co.’s dominance.
DonJon Marine Completes Atlantic Traveler Salvage
On May 11, the 70-ft fishing boat Atlantic Traveler sank after hitting the South Jetty of Manasquan Inlet off Point Pleasant Beach, New Jersey. Three crewmen onboard were rescued by the U.S. Coast Guard. The vessel sank outside the south Jetty in an Ocean Environment in an upside down position. After more than three weeks of inclement weather, Donjon Marine was able to mobilize its 400-ton capacity Derrick barge Columbia…
Jumbo Completes Transports for KNPC
Jumbo Shipping has completed its eight-month heavy lift transport contract for client KNPC (Kuwait National Petroleum Company). The contract involved the transport of 37 reactors…
Massport Announces "New England-Halifax Shuttle"
The Massachusetts Port Authority (Massport) has announced that a new weekly cargo service connecting Boston with Halifax, Nova Scotia is set to begin June 14, connecting New England businesses to 20 major steamship lines. The “New England-Halifax Shuttle,” to be operated by American Feeder Lines (AFL), will call Conley Container Terminal every Tuesday. This is the second new service to launch at the Massport facility in less than a month.
MIP Estimates Costa Crociere S.p.A.'s Economic Impact
In 2010, Costa Crociere S.p.A. generated an impact of over $3.2 billion on the Italian economy. This is one of the findings of a study carried out by MIP, the Milan Polytechnic Business School.
UK Gas Industry Awards GL Noble Denton
GL Noble Denton has won the coveted Award for Innovation at this year's UK Gas Industry Awards, hosted by the British Institution of Gas Engineers and Managers (IGEM)…
Imtech Receives Gold Certification
Radio Holland Connect, the connectivity competence center of Imtech Marine, has been awarded the Gold accreditation in the Inmarsat Connect Accreditation program.
Seaspan Awarded New Triple-E Rating
Containership owner Seaspan has received DNV’s new Triple-E rating. Triple-E is a voluntary self-improvement tool designed to help ship operators improve their organizational performance…
Seadrill Awards Contract to Keppel FELS
Keppel FELS Limited (Keppel FELS) has been awarded a $142 million contract by Seadrill to build a repeat semisubmersible drilling tender (SSDT) based on the KFELS SSDTTM 3600E design.
Keppel O&M Appoints Chow
The Board and Management of Keppel Offshore & Marine Ltd (Keppel O&M) announces that Chow Yew Yuen (周耀源) has been appointed Managing Director of Keppel O&M with effect from 1 June 2011…
Boston Whaler Develops iPod App
Boston Whaler boat owners will soon have immediate access to critical boat and cruising information in the palm of their hands ─ thanks to a new iPhone application…
Euroseas Renews Containership Time Charter
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…
International Paint Introduces New Coating
International Paint has introduced Intergard®7020, a new cargo hold coating for all bulk carrier types. Available in the popular and practical red and grey colors…
exactEarth Receives New Orders
exactEarth Ltd., a satellite AIS data services provider, announced that it has recently booked multiple orders for exactAIStm, its global vessel tracking and monitoring system.
SeaArk Delivers Patrol Boat to Maryland DNR
SeaArk Marine, Inc. recently delivered a 36’ Patrol Boat to the Maryland Department of Natural Resources Police in Stevensville, MD. The 3612-V Dauntless Ram Class vessel is an addition to a similar SeaArk Dauntless patrol boat, and multiple Commander Ram Class patrol boats, previously ordered by the DNR Police through the GSA 1122 program. The vessel, Mattawoman, is tasked with patrolling the Chesapeake Bay, Potomac River and surrounding estuaries within the jurisdiction of the Maryland DNR.
Legal Beat: MARPOL Enforcement in the United States
The United States has long been aggressively enforcing compliance with the International Convention for the Prevention of Pollution from Ships, as amended (“MARPOL”), which is implemented in the United States by the Act to Prevent Pollution from Ships (“APPS”). Since the early 1990s, the effort has been directed at all types of registered and domestic tonnage – the full spectrum of waterborne commerce.
LNG Gains Traction as Alternative Fuel
As Cargo, Fuel or both; LNG is emerging as the clear and clean way forward for the maritime industry. The use of LNG as a marine fuel is not new. Vessels trading cryogenic LNG have burned boil-off natural gas in steam boilers for many years as a simple solution to maintaining necessary temperatures and pressures within cargo spaces. The use of the fuel varied according to the size of the ship and a boil off rate ranging between 0.10 to 0.18 percent of the total cargo.