Despite Rising US Production, Saudi Crude Still Flows In
Reported spot market activity from the Arabian Gulf remains on an upward trend since 2010 in spite of rising US crude production, reports Poten & Partners’ in their latest ‘Tanker Opinions’. Over the past few years US domestic crude oil production has supplanted foreign crude oil imports. To the extent that they possibly can, domestic refiners have shifted to local grades that have trended at an often significant price discount.
Container Ship Owners, Costamare, Plan NY Bourse Stock Offering
The offering is of Series C Cumulative Redeemable Perpetual Preferred Stock, par value $0.0001 per share, liquidation preference $25.00 per share. In connection with the offering…
Final Sea Trials for "Chemical Weapon Destruction" Ship
The US Military Sealift Command ship 'MV Cape Ray' has left Portsmouth, Va., to conduct final sea trials in preparation for its upcoming mission to destroy Syrian chemical weapons. During the sea trials, the crew and the Field-Deployable Hydrolysis System operators are evaluating the ship and the system at various sea states. The ship is expected to return shortly for final outfitting before deploying…
Chemical Tanker Adrift Off Irish Coast: Tugboat Despatched
The tanker, carrying a 15,000-tonne cargo of caustic soda with 22 crew on board, lost power to its main engines 100 nautical miles off Loop Head while bound for Aughinish in the Shannon Estuary, reports 'The Irish Times'. The tanker, Hellesport Charger, registered in the Marshall Islands, was on a voyage from Corpus Christi in Texas in the western Gulf of Mexico to Aughinish in the Shannon Estuary when it lost power.
TMPS Joins Korea's HHI Marine Engineering Service Network
Seattle and Florida-based Trans Marine Propulsion Systems, Inc. (TMPS), known worldwide for its diesel service and engineering department, has been appointed a member…
Coast Guard Fires at Fort Knox, Well Almost
The Riverine Range at Fort Knox became the mounted automatic weapons training facility for the Coast Guard 9th District in preference to an earlier site in the Great Lakes, and it has become crucial to the mission readiness of mounted automatic weapons carriage training requirements. A chill breeze blew through the Kentucky hills as the last rays of sunlight cast their golden rays over the Fort Knox small arms range and faded into darkness.
Rentocean to Supply Offshore Brazil Project Cable Carousel
RentOcean, a 100 percent owned subsidiary of Oceanteam Shipping ASA, has been awarded a contract to supply Ceona with a certified 2000t modular carousel system and a loading tower with built-in 15t tensioner for a one-year project plus option for one additional year. The carousel and the additional equipment will be used on Ceona's Polar Onyx vessel for the installation of flexibles, which will take place in 2014 and 2015 offshore Brazil.
Joint High Speed Vessel USNS Millinocket Completes Acceptance Trials
Shipbuilders, Austal USA say that this milestone achievement involved the performance of intense comprehensive tests by the Navy while underway, which demonstrated the successful operation of the ship’s major systems and equipment. This is the last significant milestone before delivery of the ship, which is expected in late January 2014. As the U.S. Department of Defense’s multi-use platform, the 103-meter JHSV will provide rapid intra-theater deployment/transportation of personnel…
Baltic Trading to Buy Two More Ultramax Bulkers
Baltic Trading Limited continues to execute its growth strategy with the exercise of its option to acquire two additional Ultramax newbuildings. The two option vessels, which will have the same specifications and purchase price as the Ultramax newbuildings Baltic Trading previously agreed to acquire, are expected to be delivered to Baltic Trading during the second and third quarters of 2015. John C.
Safe Bulkers Declares Quarterly Dividend
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that the company's Board of Directors has declared a cash…
V.Ships to Take Over OSG's International Shipping
Overseas Shipholding Group, Inc. (OSG) today announced that it intends to outsource the technical management of its international flag shipping business to V.Ships, a third-party ship manager. The outsourcing contract with V.Ships is subject to the approval of the bankruptcy court, which will be sought today and will be heard on February 3, 2014. The company’s U.S. flag business will continue with its current strategy and will continue to be headquartered in Tampa, Fla.
Ron Crocker Joins Alion Team
Alion Science and Technology, a global engineering, technology and operational solutions company, announced that Ron Crocker has joined the company to enhance GSA communications and provide strategic management of several of Alion’s GSA indefinite delivery/indefinite quantity (IDIQ) contract vehicles. In this role, Crocker will develop and strengthen Alion’s relationships with customers served by the company under contracts that include several GSA schedules and the $50 billion Alliant contract.
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
PYPLOK Reduces Assembly Times and Installation Costs
Chris Peitchinis outlines the benefits of using PYPLOK mechanically attached connectors which reduce new installation or maintenance repair costs. PYPLOK connectors are attached cold, in seconds, by swaging the connector on the pipe or tube with a hydraulic hand held tool. All the labor and associated costs of a conventional welded connection are eliminated. • No special skilled labor required vs. qualified welder. • Actual swaging time is measured in seconds vs. hours for a welded joint.
Big Carriers Reduce North-South Options
Maritime research company, Drewry, said in this week’s container insight report that it is not just on the East-West routes that big container lines are consolidating, but consortia have also been expanding in North-South tradelanes, thereby reducing the number of weekly services available to shippers. Hapag-Lloyd’s recent reduction in the number of weekly services offered to customers between Northern…
VT Halter Lays Keel for Barge
VT Halter Marine laid the keel for Barge B No. 270, which is, in part, one of two Articulated Tug Barge (ATB) units being built for Bouchard Transportation Co., Inc. (Bouchard).
Irish Coast Guard Upgrades Entire Helicopter Fleet
Minister for Transport, Tourism & Sport Leo Varadkar officially launched the Coast Guard’s new state-of-the-art S92 search and rescue helicopter for the Dublin region in Weston Airport. This is the fourth Sikorsky S92 helicopter base to come into operation for the Coast Guard and means all four Coast Guard bases now have upgraded helicopters. The new S92 helicopters replace the Sikorsky S61 which was in use until recently at the Coast Guard bases in Dublin, Shannon, Sligo and Waterford.
Cameron Liquefaction Project Proposed
The staff of the Federal Energy Regulatory Commission (FERC) has prepared a draft environmental impact statement (EIS) for the Cameron Liquefaction Project, proposed by Cameron LNG…
Linfoot Named Regional Sales Manager, MOL Canada
MOL Canada Inc. announced that Travis Linfoot will take over as the new regional sales manager, domiciled in Vancouver, B.C. Linfoot will report to Tim Harrington…
CLIA President Comments on Government’s Cruise Report
Cruise Lines International Association (CLIA) today issued a statement from President and CEO Christine Duffy on the recently released Government Accountability Office (GAO) report on implementation of the Cruise Vessel Security and Safety Act (CVSSA) of 2010 and cruise industry safety practices. Below is Duffy’s statement in full. “We are pleased the GAO concluded that cruise lines are complying with the requirements of the CVSSA, and implementation of the law is progressing as intended.