Matson Ratchets Up Q2 2013 Profit
Matson, Inc. a leading U.S. carrier in the Pacific, report net income of $20.1 million, or $0.47 per diluted share for the quarter ended June 30, 2013. Net income for the quarter ended June 30, 2012 was $7.8 million, or $0.18 per diluted share. Consolidated revenue for the second quarter 2013 was $416.6 million compared with $394.2 million reported for the second quarter 2012. Matt Cox, Matson's President and Chief Executive Officer commented…
Crewing Managers V. Ships in New Strategic Partnership
V.Ships Leisure (a provider of ship-management services to the passenger shipping industries) with V.Hospitality and MHG have formed a strategic partnership. The…
Eagle Bulk Cuts Losses in Q2 2013
Eagle Bulk Shipping Inc. (Nasdaq: EGLE) announce its results for the second quarter ended June 30, 2013. Net reported loss of $3.0 million or $0.18 per share (based on a weighted average of 16,968,750 diluted shares outstanding for the quarter), compared with net loss of $23.1 million, or $1.46 per share, for the comparable quarter of 2012. Net revenues of $44.2 million, compared to $48.5 million for the comparable quarter in 2012.
London Fundraiser Row to Benefit Malawi Clinic-Ship Project
The 'Big Row' is raising funds for the restoration of Africa's oldest motor ship, 'MV Chauncy Maples', as a clinic-ship able to get to villages on Lake Malawi where there are currently no roads and access to health services. The qualified team will deliver primary health services such as prevention and treatment for bilharzia, malaria, TB and HIV/AIDS; child immunisation; reproductive health care and nutritional programmes.
Port of Tacoma Settles Environmental Violations
The Port of Tacoma and two contractors have agreed to pay a $500,000 penalty and restore wetland habitat at an estimated cost of over $3 million to compensate for…
USS San Jacinto Aids Turkish Mariner
Guided-missile cruiser USS San Jacinto (CG 56) transported a Turkish mariner to U.S. Navy Hospital Sigonella early in the morning of Aug. 4 following a request for assistance from Turkish Navy warship TCG Cezayirli Gazi Hasan Pasa (A579). San Jacinto was transiting the Mediterranean Sea conducting routine communications shortly before 11 p.m. local time Aug. 3, when it was hailed by the Turkish warship…
U.K. Ratifies Maritime Labor Convention
The Maritime Labor Convention, 2006 (MLC) has been ratified by the UK. This new International Labor Organization (ILO) convention consolidates and updates more than…
Odfjell Seeks Purchase of Chem-Marine
Odfjell Terminals has entered into a Letter of Intent to purchase Chem-Marine Corporation of South Carolina. Chem-Marine controls a 25.3 acre/10.2 hectare site through a long term land lease, and is located adjacent to Odfjell's tank terminal in North Charleston, South Carolina. The property is situated on the Cooper River and has a 250 meters deep-water front and a 12.5 meter draft ship berth, with one dedicated stainless steel lines connected to 12,800 cbm of storage in two carbon steel tanks.
Today in U.S. Naval History: August 7
Today in U.S. Naval History - August 7 1782 - Badge of Military Merit (Purple Heart) established 1942 - Navy Amphibious Task Force lands Marines on Guadalcanal, Solomon Islands in first U.S. land offensive of World War II 1964 - Gulf of Tonkin Resolution passed by Congress For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
160th Ship of Mitsui’s 56 Series Delivered
Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V.Ocean Bright (MES Hull No. 1848) at its Tamano Works on August 7, 2013 to Mingtai Navigation Co., Ltd., Taiwan. This vessel is a handy-max type bulk carrier of 56,000 dwt with a large cargo hold capacity over 70,000 m3 and marks the 160th ship of its series. According to the builder, the vessel is designed to have the following same features as "Mitsui 56": good manageable size of 56…
Hapag-Lloyd Reports Second Quarter Profits
Hapag-Lloyd returned to profitability in the second quarter of the current financial year, reporting a Group profit of €20.9 million for the months April to June 2013 (Q2 2012: -€7.3 million).
ACD Nets Two LNG Pump Orders
ACD has been engaged by DSME to engineer and supply two high pressure LNG fuel gas pump systems for new 173,400 cbm ME-GI LNG carriers forTEEKAY Shipping Ltd, with options to order up to three additional systems. The vessel will be Det Norske Veritas (DNV) classified and meet or exceed environmental standards. Delivery of the LNG fuel gas pump systems is expected to begin no later than February 2015. The new vessel delivery is scheduled for the first half of 2016.
Liberia Offers MLC Complaints Resolution Form
The Liberian Registry launched an online Maritime Labor Complaint Resolution Form for seafarers, ahead of the entry into force of the Maritime Labor Convention 2006 on August 20, 2013. Liberia said it is committed to ensuring that seafarers who serve on Liberian-flag ships have decent working and living conditions, a safe and secure workplace and fair employment. Seafarers are encouraged to use the…
Dometic Expands Network to Gulf of Mexico
Dometic Marine established a new base in the Gulf of Mexico as part of its strategy to target further business in the commercial sector. The addition of the facility in Slidell, La. to its extensive global network places the HVAC and toilet systems specialist at the heart of the United States’ commercial market. Driven by the current boom in the oil and gas industry, the shipyards are facing a surge…
Huntington Ingalls Reports Q2 Results
Huntington Ingalls Industries (HII) reported second quarter 2013 revenues of $1.68 billion, down 2.2% from the same period last year. Segment operating income for the second quarter was $136 million, compared to $127 million in the same period last year. Total operating income for the quarter was $116 million, up 9.4% from $106 million in the same period last year. Pension-adjusted operating income for the second quarter was $134 million…
ESRG Offers Cloud-based Vessel Monitoring
ESRG introduced the industrial internet to the marine sector with cloud-based total vessel monitoring and analytics. ESRG’s OstiaEdge platform as a service (PaaS)…
Recent Vessel Sales
Below is a list of recent vessel sales prepared by Shipping Intelligence, Inc. as of August 1, 2013. Sale prices are listed in millions USD. 7/29/13 - GREAT SUMMIT - 33,700 - 05/8 - $16.
Ince Advises on Jordan FSRU
International law firm Ince & Co. LLP advised Golar LNG Ltd. on the successful completion of a Floating Storage and Regasification Unit (FSRU) time charter with…
Sri Lanka’s Colombo Port Expanded
The newly expanded Colombo Port formally opened for business yesterday, a move that will allow Sri Lanka to enter as a leading South Asia trans-shipment hub. Sri Lanka President Mahinda Rajapaksa opened the port, which was also attended by Xiaoyu Zhao, Vice-President at the Asian Development Bank (ADB). With a new breakwater, deeper basin, and the first of three modern new terminals now open, Colombo Port can accept the latest generation of 18…
Crowley Triples Bonded Warehouse Space
To better serve the needs of local shippers, Crowley Maritime Corp.’s Panama liner and logistics teams have relocated to a new, shared location in the heart of the country’s capital, just minutes from Panama City’s major highways, airport and seaport. The facility offers triple the warehouse and distribution space and makes Crowley the first bonded facility in the heart of the capital city, and the only company with the ability to serve both bonded and nationalized cargo in the same warehouse.