Braemar Completes Merger with ACM Shipping
Braemar Shipping Services plc has completed the merger with ACM Shipping Group Plc (‘ACM’). ACM will merge with Braemar Seascope, the shipbroking division of Braemar Shipping Services, to form a new combined shipbroking business, which will trade as Braemar ACM Shipbroking. Braemar ACM Shipbroking brings together two leading shipbroking companies and builds on their complementary strengths in tanker and dry cargo chartering and sale and purchase.
Scorpio Tankers Report Q2, 1H 2014 Profit Slip
Scorpio Tankers Inc. has reported its results for the three and six months ended June 30, 2014. For the three months ended June 30, 2014, the Company had a net loss of $0.6 million, or $0.00 basic and diluted loss per share. For the six months ended June 30, 2014, the Company had net income of $52.8 million, or $0.28 basic and diluted earnings per share. The Company's adjusted net loss was $9.4 million.
Danaos Corporation 2Q and 1H 2014 Results
Danaos Corporation ("Danaos") (NYSE: DAC), a leading international owner of containerships, today reported unaudited results for the period ended June 30, 2014. *Operating revenues of $136.4 million for the three months ended June 30, 2014 compared to $146.6 million for the three months ended June 30, 2013, a decrease of 7.0%. Operating revenues of $271.9 million for the six months ended June 30, 2014 compared to $292.7 million for the six months ended June 30, 2013, a decrease of 7.1%.
Fred. Olsen's ‘Poison, Murder & Mystery Cruise’
Fred. Olsen Cruise Lines is proud to introduce a very unique cruise experience for Summer 2015, aboard its 880-guest ship Boudicca, the like of which guests will never have seen nor heard of before! Fred. Olsen will be offering an exclusive sailing, created around secrecy and suspense, with Boudicca’s 16-night D1516 'Poison, Murder & Mystery Cruise', departing from Rosyth (Edinburgh) on 10th July 2015…
MTN Lands Cruise Line SatCom Contracts
MTN Communications (MTN) says that three cruise operators around the world have selected the company for its passenger, crew, corporate communications and content services. Lindblad Expeditions – a pioneering travel company that works in partnership with National Geographic to provide expdeditions promoting conservation and sustainable tourism around the world. Pearl Seas Cruises has selected MTN as service provider for its inaugural ship…
Lake St. Clair Grounded Bulk Carrier: Update
The U.S. Coast Guard said it continues to monitor the response and salvage operations to the 656-foot HK-flagged bulk carrier Federal Rideau, hard aground in the downbound shipping channel of Lake St. Clair since early Sunday morning. Several attempts to refloat the vessel have been unsuccessful since then and five tugs have been dispatched for another attempt. Initial reports indicate there is no resultant pollution and no injuries were reported. At around 3 a.m.
UN Throws the Book at North Korea Ship Operator
A U.N. Security Council committee on Monday blacklisted the operator of a North Korean ship, which was seized near the Panama Canal last year for smuggling Soviet-era arms, and raised concerns about Cuba's military cooperation with Pyongyang. The North Korea (DPRK) sanctions committee designated Ocean Maritime Management, which operated the Chong Chon Gang, the ship detained a year ago carrying arms, including two MiG-21 jet fighters, under thousands of tonnes of sugar.
HMS Prince of Wales Delivery Begins
A huge section of hull for HMS Prince of Wales, the second aircraft carrier being delivered to the Royal Navy, has today departed BAE Systems in Glasgow on a 600…
Gondan to Build Spanish Patrol Boats
Gondan Shipyard has recently signed a contract with the Guardia Civil, Spain’s Civil Guard, for the building of two patrol boats. The aluminum and fiber (PRFV ) vessels will measure 20.5 meters in length and 5 meters in breadth and will be built at Gondan Shipyard’s facilities in Vegadeo. Delivery is scheduled for Summer 2015. According to Gondan, the patrol boats are conceived for long range sailing and designed and equipped for surveillance missions…
Marseilles Fos Reports Mixed First Half
First-half container traffic at leading French port Marseilles Fos totalled 583,287 teu – up 7% on the first six months last year - marked by a 10% increase at the deepsea Fos terminals. Dry bulk and cruise passenger volumes also rose significantly, the port announced today, but total cargo throughput fell 6% to 38.23 million metric tons as oil trades continued to decline in line with market trends. The container performance drove a 2% rise in general cargo to 8.88MT.
ABS to Class the World's First CNG Ship
ABS announced it has been chosen to class the world's first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesia's state-owned power company Perusahaan Listrik Negara (PT PLN). The award for the precedent-setting ship, to be built at Qingdao Wuchuan Heavy Industry's shipyard in northern China, is the latest example of ABS' leadership in the gas ship sector…
Prelude By the Numbers
Out at sea, look! It’s a ship! It’s a floating rig! It’s SuperFLNG! While not “faster than a speeding bullet,” Shell’s shipzilla Prelude is certainly more powerful than a speeding locomotive, and will be able to leapfrog in size, many of the world’s tallest buildings. By any definition, the super-size Prelude floating liquid natural gas (FLNG) vessel is gargantuan. And yet it is designed to cram everything you’ll find in a full-size…
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.
FLNG Prelude: A New Dawn in the Age of Maritime & Energy
Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting, game-changing floating liquid natural gas (FLNG) facility will serve as a prelude to a killing in the offshore LNG market. It’s not alone. Many industry observers believe FLNG will do for gas offshore what fracking has done for shale or natural gas trapped in the ground on shore.
Desulfurization of Exhaust Gases in Shipping
Are shipowners prepared to enter SECA zones? Due to existing regulations on air exhaust emissions from the International Maritime Organization (IMO), and with the European Union working towards an alignment with IMO MARPOL Annex VI, the marine industry will need to choose a path on how to achieve compliance, a choice that will have tremendous impact on shipping. Legislation has already had an effect on the fuel markets in regulated areas…
Webb Institute Ranked a Best Value College
Webb Institute, an undergraduate institute specializing in Naval Architecture and Marine Engineering, ranked number two on Money magazine’s list of Money's Best Colleges, a new approach to ranking colleges that aims to measure educational quality, affordability and career outcomes. Nine months in the making, Money's Best Colleges ranks 665 higher education schools on 17 measures, taking into account the complete cost of a degree rather than a single year.
Interview: Roberto Cazzulo Talks Class Trends
As Roberto P. Cazzulo, RINA, steps down as the Chairman of the IACS Council, Maritime Reporter caught up with him to discuss the current state and future direction of global class. Given your experience, aside from the creation of IACS, what has been the most important change to the way in which “class” has conducted its business in the past 20 years? In my view, it is the Quality System Certification Scheme (QSCS) adopted by IACS in 1991. Quality is a pillar for IACS.
Corvus Energy, GMC Close Financing Agreement
Corvus Energy today announced that it has completed a strategic investment by Green Marine Capital (GMC) previously announced on May 5, 2014. Green Marine Capital…
SCI Publishes Shore Leave Survey
With Maritime Labor Convention (MLC), 2006 in force, one might expect to see a reduction in the number of seafarers without visas; yet, recent data collected by the Seamen’s Church Institute (SCI) shows that not only are shipowners failing to pay for crewmember visas as required by the Convention but also flag states are failing to enforce the requirement. Shore leave significantly improves seafarers’ health and the safe and efficient operation of a vessel.
Evergreen Enhances UK and Ireland Services
Global container carrier Evergreen Line announced enhancements to its services to/from Dublin (Ireland) and Liverpool (Northwest England). From its hub in Rotterdam…