FreeSeas Receives of NASDAQ Non-Compliance Letters
FreeSeas Inc. (Nasdaq:FREE), a transporter of dry-bulk cargoes through the ownership and operation of a fleet of Handysize and Handymax vessels, announced that the Company received letters dated June 21, 2012 and June 25, 2012 from The Nasdaq Stock Market stating that for the previous 30 consecutive business days, the bid price of the Company's common stock closed below the minimum $1.00 per share…
Synapsis INS for Jumbo Newbuilds
The German navigation system manufacturer Raytheon Anschütz has been awarded the contract for the supply of advanced Integrated Navigations Systems of their Synapsis Bridge Control series to new Heavy Lift Carriers for Dutch company Jumbo Shipping. The demanding new vessels are being built at Brodosplit shipyard in Split, Croatia. Jumbo has ordered two Heavy Lift Carriers at Brodosplit with delivery dates in 2013, and holds an option for a third newbuild.
"Do Not Work for Substandard Companies" Jamaica Urges Seafarers
Seafarers need to take an active role in helping the international community to win the battle against substandard shipping. That’s the message from the Maritime Authority of Jamaica (MAJ) on the international Day of the Seafarer today (June 25). As the maritime industry celebrates the contribution of seafarers to the world economy and commerce, the MAJ is urging seafarers to assess the quality of…
Laborde Welcomes Marine Salesman
Expanding its sales force, Laborde Products brings on a new salesman. David DiSalvo will handle diesel equipment sales and marketing. He will serve the Gulf Coast and inland rivers territories. "In this position, I hope to establish a presence in new areas, generate new business and grow existing accounts," said DiSalvo. "This is a great opportunity to provide customers with the right product, the right service, and the right support. DiSalvo brings 20 years of marine industry experience.
Moss Hydro Engineers Create Revolutionary Filters
Newly-formed Moss Hydro has been established to address a ballast water challenge that is threatening the entire shipping industry – reliable filtration. Stein Foss, the former CEO and co-founder of ballast water treatment (BWT) business OceanSaver, has set up the independent company with three partners, and an array of engineering, marketing and manufacturing experts. Together they are creating revolutionary filters designed specifically for ballast water treatment.
Stricken Liberian Tanker Finds Refuge in Bahrain
The General Organization of Sea Ports (GOP) said that the Liberian vessel -- MV Stolt Valor -- was granted permission to take refuge in Bahrain’s waters. The operation to move the tanker to the Arab Shipbuilding and Repair Yard (ASRY) began early on Tuesday June 26, 2012), where the ASRY team began preparing it for its onward journey. Prior to the commencement of the tow operation, the GOP submitted…
Industry Looks to RAMP Act to Meet Dredging Needs
Silt accumulation and dredging that's been postponed for years have prevented the full use of U.S. waterways and ports, maritime industry leaders said last month. Hundreds of U.S. ports and harbors are meant to be maintained by the U.S. Army Corps of Engineers to foster navigation. But many of the country's channels are not kept at their authorized depths, and last year the backlog of needed dredging projects swelled.
Vantage Gets Contracts for 'Sapphire Driller'
The two contract awards for the Sapphire Driller involve adding an additional well to the Sapphire Driller's current drilling program and three wells from another customer in the Ivory Coast.
Shipping Benefits from Falling Fuel Costs
The Shipping Industry has recently benefited from falling oil prices. Fuel has always been a major cost for shipping companies, and the recent slide in prices has…
Offshore Support Vessel Shipyard Flourishes
The offshore support-vessels builder has outperformed the FTSE Straits Times Oil and Gas Index, of which it is a component, making year-to-date returns of 38.8 per…
Japan's Hybrid Ship for Hybrid Cars
The ship is expected to cut carbon dioxide emissions by 4 percent on a two-month voyage to Europe, officials said. The 199-meter-long vessel can carry 6,400 passenger cars. The 768 solar power panels installed on its deck have an output capacity of 160 kilowatts, enough to power 50 average households. Energy is stored in 324,000 lithium-ion batteries below decks and fed through to the engine. Excess energy is used to power the ship’s radar instruments…
Smit Lamnaico Wins Marine Services Contract
Royal Boskalis Westminster N.V. (Boskalis) announces that its associated company Smit Lamnalco has been awarded a 10-year contract with additional extension options…
China Shipbuilding Activity Tumbles
China's shipbuilders finished 22.53 million dead weight tons of shipbuilding orders in the first five months this year, a decrease of 10.1 percent year-on-year.
Austal Delivers Fast Ferry for Mineworker Commuters
A 41 metre high speed aluminium passenger catamaran, “Vale Grand Sud” has recently entered into operation for mining company Vale Nouvelle-Calédonie, marking the fourth Austal-built vessel to operate in New Caledonia. “Vale Grand Sud” was designed to provide new levels of speed and comfort to members of the company’s 1,000 strong workforce, as they commute between Noumea and the Goro mine site’s Prony Port.
Retro 'Americas Cup' Regatta Sponsored by Lewmar
All four participants have chosen Lewmar equipment to achieve the combination of elegant styling, cutting-edge materials technology and performance demanded by these classic yachts. Velsheda (JK7) – The only original J-Class on the start line, was designed by Charles Nicholson and built by Camper & Nicholson in 1933.Today she is fitted with Lewmar winches as well as Lewmar steering and docking systems.
Shippers Fear US East Coast Port Strike
Stalled contract negotiations between the International Longshoremen's Association and United States Maritime Alliance are scheduled to resume this week, but many…
University Names New Director of Marine Sciences
University of New England appoints Barry A. University of New England appoints Dr Costa-Pierce to the new Henry & Grace Doherty Endowed Chair of Marine Sciences…
TriStar Plastics Opens Midwest Facility
TriStar Plastics, a leader in engineered plastics solutions, announce the opening of a new, 7,000 square foot facility in Hoffman Estates, IL to enhance service to the Midwest region.
Sailing Yacht Winners at 2012 ShowBoats Design Awards
Alloy Yachts’ 67.2m sailing yacht Vertigo was declared the evening’s big winner, with designers Philippe Briand and Christian Liaigre taking home three Neptunes for Exterior Design & Styling, Interior Layout and Best Recreational Space for Guest Use (for her novel midships lazarettes on the lower deck). Also picking up multiple awards were Peder Eidsgaard and the design team behind Feadship’s 77.7m Tango…
Libyan Navy Visits British Training Base
The delegation led by Commodore Hassan Ali Bushnak, Chief of Staff of the Libyan Naval Force, forms part of a wider visit by the Libyan delegation to the Royal Navy in the UK to build relations, offer opportunities, and to help understand the enormous challenges Libya faces in creating a modern naval force. During their time at HMS Raleigh in Torpoint the visitors were able to see recruits undergoing their 10-week initial naval training course.
