Scorpio Tankers: Latest Financial & Ship Delivery News
Scorpio Tankers Inc. says it has updated its stock buyback program; lists its latest new vessel deliveries, and gives the release date of its second quarter 2014 earnings report. The company has purchased 6,327,861 of its common shares in the open market at an average price of $9.74 per share since July 1, 2014 under its $150 Million Stock Buyback Plan that was announced on June 30, 2014 and has $88.1 million remaining under the Plan.
USCG Rescues Woman from Detroit River
The Coast Guard rescued a 30-year-old woman from the Detroit River late Sunday evening after she was reported to have fallen overboard when the vessel she was on was struck by another boat's wake.
Hyde Marine Makes BWTS Installation Agreements
Hyde Marine is partnering with Grand Bahama Shipyard (GBS) for installation of the Hyde GUARDIAN Gold BWTS, for vessels docking at the yard. GBS, based in Freeport, Grand Bahama Island, is one of the largest ship repair companies in the region with three floating docks for the drydocking and repair of all types of oceangoing vessels, and all the necessary support services required to perform complex repair, upgrade and conversion projects. Cardiff Craftsmen Ltd.
Sanjam Gupta helps Launch WISTA in Sri Lanka
Within two years of the launch in India in 2012, the Women’s International Shipping and Trading Association (better known as WISTA), Ms. Sanjam Sahi Gupta, its Founder President, has moved fast to spread WISTA to the Indian sub continent. Her first significant effort in this direction has been the launch of WISTA in the neighboring country, Sri Lanka on 3rd July, 2014. To commemorate the occasion…
Box Ships Inc. Repays Commerzbank Loan
Greece-based Box Ships Inc. says it has repayed in full the outstanding amount under its loan agreement with Commerzbank AG dated July 29, 2011. The outstanding amount of the loan, as of July 21, 2014, amounted to $21.5 million and the parties agreed to the payment of $15.0 million plus accrued interest, in full and final settlement of the loan. The gain from this transaction is expected to be approximately $6.4 million and will be reflected in the third quarter of 2014. Mr. About Box Ships Inc.
General Dynamics Launches Morgan County NextGen-911
General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio. The…
Heavy Lift & Project Vessels Face Berthing Delays at Indian Ports
Heavy Lift & Project vessels calling at Indian ports are experiencing congestion, which according to the trade is an artifically created situation. They point out that unlike other vessels…
Aker Philadelphia Shipyard ASA : Purchase of own shares
Aker Philadelphia Shipyard ASA (the "Company") (Oslo: AKPS) has on 21 July 2014 purchased 2,155 shares in the Company on Oslo Axess at an average price of NOK 160.64 per share with a total consideration of NOK 346,190. Following the transaction, AKPS holds a total of 2,155 own shares, constituting approximately 0.02% of the Company's shares and votes. Reference is made to the stock exchange notice…
BHP Billiton Pledges A$6 mi to Bush Blitz II Project
Alongside partners the Australian Government and Earthwatch, BHP Billiton Sustainable Communities today announced a A$6 million contribution to the second stage of the unique species discovery program, Bush Blitz. BHP Billiton’s contribution will be matched by the Australian Government, allowing the program to run until 2017 with A$12 million in funding. Known as Bush Blitz II, the program involves…
Hapag-Lloyd North America West Coast – Terminal Congestion Update
Hapag-Lloyd provides a status update for the heavily impacted ports. As noted in recent press articles, in anticipation of possible labor action on the US West Coast…
Ocean Mineral Singapore Set for Seabed Exploration
Ocean Mineral Singapore Pte. Ltd. (OMS) has received approval from the International Seabed Authority (ISA) on its application for its first seabed exploration licence. Over the next few months, OMS will work with ISA to finalise the terms of contract for the award of the licence. The licence will allow exploration for polymetallic nodules at a site within the Clarion-Clipperton Fracture Zone of the Pacific.
COSCO Corpn. Secures Contracts of $300 mi
Contracts from a European company to build one (1) DP3 accommodation barge scheduled for delivery in 3Q2016 and an Asian company for two (2) 64,000DWT bulk carriers scheduled for delivery in 1H2016.
Kleven Shipbuilding Wins IES Pioneer Contract
Norway’s Kleven announced it has signed a shipbuilding contract with Malaysian based joint venture company IES Pioneer Ltd. The vessel is of Norwegian design company MarinTeknikk’s MT 6015 MPSV design and will be outfitted with a crane, helideck and FiFi II. The high end specification vessel has a length of 93.8 meters, a beam of 20 meters, a working deck of more than 1,000 square meters, and will feature a 150-metric-ton active heave compensated offshore crane…
Eastern to Build Offshore Vessel for Harvey Gulf
Eastern Shipbuilding announced that on, Wednesday July 16, 2014, Harvey Gulf International Marine, Inc. (HGIM) and Eastern Shipbuilding Group, Inc. (ESG) entered into a contract to construct a new Robert Allan, LTD. (RAL) RAmpage 6400 Multipurpose Field Support Vessel (MPFSV) at Eastern’s Panama City, Florida facilities. The RAL design is designated RAmpage 6400 and Eastern Hull No. 234; the vessel will begin a 10-year charter when delivered in April, 2016.
Suicide Attack Escalates Libya Violence, Oil Output Slips
Crude output slips for first time since port deal; fresh clashes in Tripoli and Benghazi. Brega oil port seen open in few days. A twin suicide bombing at a Libyan…
Sunken WW II Ship Oil Leak Plugged
Atlantic Coast Marine Group, Inc. successfully responds to World War II era motor tanker leaking massive cargo of oil into the Atlantic Ocean's waters. Beaufort, North Carolina-based Atlantic Coast Marine Group, Inc. (ACMG), a marine salvage, emergency towing and environmental services provider, was recently contracted to provide an initial survey and fast response pollution mitigation to a World War II era vessel believed to be the SS W.E. Hutton. As ACMG explained, motor tanker W.E.
New ICTF Boosts Crowley’s Efficiency
The opening of Florida East Coast Railway’s (FEC) new, state-of-the-art intermodal container transfer facility (ICTF) adjacent to Crowley Maritime Corporation’s Port Everglades, Fla., terminal is providing Crowley customers with more efficient cargo handling and faster deliveries now that containers no longer need to be trucked via interstate highways to and from an off-site rail terminal, Crowley reported.
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.
Training Builds Support for Sennebogen Customers
When Sennebogen LLC opened its new headquarters in Stanley, N.C., in 2009, the facility was equipped with one of America’s premier OEM Training Centers for heavy equipment. Since then, more than 1,000 technicians have attended the hands-on courses in material handler maintenance and troubleshooting. The Training Center has also provided specialized instruction to dealer sales representatives, and now offers courses for machine operators and parts specialists.
Today in U.S. Naval History: July 22
Today in U.S. 1802 - Frigate Constellation defeats nine Corsair gunboats off Tripoli. 1905 - Body of John Paul Jones moved to Annapolis, Md. for reburial. 1953 - U.S.