Boskalis Sets Stock Dividend Conversion Rate
On May 13, 2014 the dividend of Royal Boskalis Westminster N.V. (Boskalis) for the financial year 2013 has been determined at EUR 1,24 per ordinary share. This dividend shall be distributed in the form of ordinary shares, unless a shareholder opts to receive the dividend payment in the form of cash. With the dividend distribution as stock, shareholders will receive one new ordinary share per 33.8 dividend rights of ordinary shares.
Carnival Donates $2.5m to Nature Conservancy
To Celebrate World Oceans Day, World's Largest Cruise Company Announces Gift to Support Ecologically Important Lands and Waters. To help celebrate World Environment Day today and in advance of World Oceans Day on June 8, Carnival Foundation in partnership with Carnival Corporation & plc is providing a $2.5 million gift over five years to support The Nature Conservancy’s global marine protection priorities.
Kurdish Oil Tanker Leaves Moroccan Port Without Unloading
Iraqi Kurdistan's bid to sell its first tanker of crude oil appeared to suffer its second setback in as many weeks on Thursday after the ship left a port in Morocco…
Shippers Eye Trade Boost from El Nino Threat
A potential El Nino weather phenomenon, which could wreak havoc on global crops, is set to disrupt shipping patterns and raise freight costs, leaving suppliers and importers to cover their food needs from longer-haul destinations. El Nino, a warming of sea-surface temperatures in the Pacific, can trigger floods and drought in different regions, hitting production of key foods such as rice, wheat and sugar.
Body Found Miles from South Korea Ferry Wreckage
A victim from the South Korean ferry disaster was found in waters roughly 25 miles from the site of the capsized vessel, the Associated Press reported. The body is the first recovered since May 21, bringing the death toll to 289. Government officials said fingerprint scans identified the body as one of the passengers from the ferry Sewol that sank on April 16. Fifteen people remain missing as divers continue o search the wreckage.
NAT Buys Two Suezmax Tankers
Nordic American Tankers Limited (NAT) today announced that the company has agreed to acquire two Suezmax vessels, delivered from a "top shipyard" in 2005. The agreed purchase price is $36.5 million each. The vessels are expected to be delivered to us no later than August, 2014. The acquisitions will be financed from the company's financial resources. Including the delivery of the current acquisitions…
MPS Holds Open House
There was record attendance at the Maritime Propulsion Services BV (MPS) open day on May 23 when more than 200 delegates from shipyards, classification societies and workshops around the world gathered together in Drunen. Apart from the four propellers which were in the workshop for repair, on display were some of the latest developments in quality control as well as repair procedures and technology.
Rolls-Royce Opens Marine Service Center in Bergen
Rolls-Royce has announced the opening of a new marine service center in Bergen, Norway. The facility will service the North Sea fleet, giving access to on-shore power and a shorter sailing time to service, providing a favorable environmental profile. The service center’s workshop is an area of nearly 1,300 square meters and the length of quay is sufficient for two vessels to berth simultaneously. The quay area has ISPS approval for port security…
Record Cocaine Haul Found Hidden Under Bananas
Customs officers in Montenegro have seized 250 kilograms of cocaine smuggled beneath a shipment of bananas, authorities said on Thursday, in what was described as…
US Forecast Sees 70% Chance of El Nino
The U.S. weather forecaster said there was an increased likelihood of an El Nino weather phenomenon striking during the Northern Hemisphere summer in its monthly outlook on Thursday.
LR Verifies OOCL’s CO2 and SOx Emissions Data
OOCL’s emissions data reported into the BSR Clean Cargo Working Group (CCWG) verified as true and accurate by Lloyd's Register, supporting the operator’s commitment…
Beltov Joins DNV Petroleum Services
DNV Petroleum Services (DNVPS) has appointed Tejs Beltov as the new Chief Operating Officer for Europe. Beltov, who joined the company on May 1, 2014, replaces Bill Stamatopoulos who has taken on a new challenge as Group Commercial Director. Stamatopoulos will develop and execute the company’s commercial and marketing strategy, manage customer relationships and drive business development. Beltov is…
Video: Vietnam Boat Sank after Collision with Chinese Vessel
Vietnam state television has broadcast video showing a Chinese ship colliding with a small Vietnamese fishing boat which capsizes in its path not far from where…
U.S. Beefing up Black Sea Presence
The United States will strengthen its presence in the Black Sea region using part of a $1 billion fund promised to NATO allies on Russia's borders, and will continue to send warships to the area…
Cash-strapped Trada Maritime Risks Default
Indonesian shipping company PT Trada Maritime Tbk is at risk of defaulting on its debt of around $31 million to the International Finance Corp (IFC), the private sector lending arm of the World Bank. Trada Maritime received a letter dated May 28 from the IFC requiring it to pay a principal amount of $30.57 million as well as interest and other costs of $774,360 within three working days, the company said in a stock exchange filing on Thursday.
Boskallis Wins Two Big Dredge Contracts
Royal Boskalis Westminster N.V. Boskalis is to build a breakwater in Clacton-on-Sea for Tendring District Council over a distance of five kilometers between Clacton Pier and Holland Haven. The breakwater will consist of 23 stone groynes with sand fill to create beaches in between. Boskalis will execute the project through the VBA JV Ltd (a consortium of Volker Stevin, Boskalis Westminster and Atkins). Work is scheduled to begin this summer and will be complete late 2015.
NATO to Keep the Arctic in its Sights
NATO will pay more attention to the situation in the Arctic, reports Arctic-Info, citing the alliance's Secretary General, Anders Fogh Rasmussen. Rasmussen explained that this is, in particular, due to the effects of climate change. At the NATO Parliamentary Assembly session in Vilnius, Rasmussen recalled that warming in the Arctic region will actively develop shipping and more production of natural resources, which in his opinion may create more friction between various countries in the Arctic.
Antwerp fireboat on the Western Scheldt
Antwerp Port Authority had signed an agreement with Zeeland Safety Region to finance a fireboat on the Dutch part of the Western Scheldt. After flowing through Belgium…
Kentucky Could Meet EPA Emissions Goal
Kentucky may be well positioned to meet a carbon emission target for power plants set by federal regulators, even as U.S. Senate candidates there blast the plan…
Seychelles Island Learns to Protect the Golden Beaches
A major exercise in implementing the national contingency plan for anti-pollution, search and rescue, and fire fighting has been held in the waters off Mahé, according to joint news from EUCAP Nestor & EUNAVFOR Atalanta. The scenario began with a mock distress call to the Coast Guard from a Seychelles flagged vessel that had collided with a ferry just off Glacis. The collision caused an oil leak and a fire on board the vessel. A number of crewmembers abandoned the ship as it started to sink.