Business is Brisk at Posidonia in Athens
In early June, the shipping community met in Athens, Greece for Posidonia 2014. While the focus in Athens tends to be skewed more toward the night life and after hour parties, Maritime Reporter was able to dig out some relevant product and service news from the exhibition center. Wilhelmsen Ship Service (www.wilhelmsen.com/shipsservice) introduced its fuel oil treatment range and integrated welding safety products and services at Posidonia.
200th Airbus A320 Shipset Loaded for China
The 200th shipset for Airbus’s A-320 final assembly line (FAL) in Tianjin, China, was loaded on to the containership COSCO Hope at HHLA’s Container Terminal Tollerort on July 28 and dispatched onwards to Asia. Transport by sea to Tianjin lasts around 40 days. Four ‘shipsets’ per month are transported by containership from the Port of Hamburg to Tianjin. The forward and rear fuselages, tailplane and rudder…
Private Equity Drives New Ship Buys
Ship Registries are an excellent bellwether of industry health and trends, and when Maritime Reporter & Engineering News sought answers to some topical questions, it went to two of the top organizations in the world, speicifically Theo Xenakoudis, Worldwide Business Operations Officer, International Registries, Inc. & Christian Mollitor, Vice-President, Liberian Registry/LISCR, LLC. Give a brief description of the market you serve.
VSTEP Wins Mexican Navy Simulator Contract
The Mexican Navy selected VSTEP to supply a Class A NAUTIS Full Mission Bridge (FMB) Simulator and 24 NAUTIS desktop trainer stations for the Naval Academy in Veracruz. The simulators will be installed at the new simulator training wing of the Heroica Escuela Naval Militar set to open in Q4 2014. The Heroica Escuela Naval Militar is the school where future officers are trained for the General Corps of the Mexican Navy.
Floating Production: $1.2b Speculative FLNG Ordered
The floating production business continues to be very strong, particularly in the LNG gas processing sector. Last month saw a speculatively ordered floating liquefaction plant – a $1.2 billion contract – as well as several regasification vessel contracts. Here’s a snapshot of what’s happening in the business. In total, 320 oil/gas floating production units are now in service, on order or available for reuse on another field. FPSOs account for 65% of the existing systems, 78% of systems on order.
USCG Assists Stranded Charter Vessel
U.S. Coast Guard (USCG) crews are assisting a disabled passenger vessel approximately 13 miles east of Nahant, Massachusetts, Monday. Watchstanders at Coast Guard…
Update: U.S. to Seize Kurdish Oil from Tanker off Texas
U.S. authorities are set to seize a cargo of oil from Iraqi Kurdistan anchored off the Texas coast after a judge approved a request from Baghdad, raising the stakes…
Today in U.S. Naval History: July 29
Today in U.S. Naval History - July 29 1846 - Sailors and Marines from U.S. sloop Cyane capture San Diego, Calif. 1918 - Assistant Secretary of the Navy Franklin D. Roosevelt visits Queenstown, Ireland 1945 - U.S. warships bombard Hamamatsu, Japan. 1967 - Fire on board USS Forrestal killed 134 members of the crew. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
S.Korea Ferry Boss's Driver Turns Self In
The driver of a South Korean businessman wanted over the sinking of a ferry that killed 304 people turned himself in on Tuesday, potentially unlocking the mystery…
U.S. Marshalls Ordered to Seize Kurdish Oil Cargo off Texas
Acting on a request from the central government in Iraq, a U.S. judge has signed an order telling the U.S. Marshals Service to seize a cargo of oil from Iraqi Kurdistan aboard a tanker off the coast of Texas, court filings showed early on Tuesday. To carry out the order from Magistrate Judge Nancy K. Johnson of the U.S. District Court for the Southern District of Texas, the Marshals Service may need to rely on companies in the Galveston Bay area that provide crude offloading services.
Diana Containerships Q2 & 1H 2014 Financial Results
Greece-based Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has reported net income of $0.6 million for the second quarter of 2014, compared to a net loss of $5.0 million for the respective period of 2013. The loss for the second quarter of 2013 was mainly the result of $4.3 million of losses arising from the disposal of three vessels. Time charter revenues…
Mercator Lines Profit Hit by Low Bulk Freight Rate
Mercator Lines (Singapore) reported a revenue of US$ 16.5 million for Q1 2015, an increase of 19% as compared to correspoding period in the previous previous year, however a net loss of US$ 7.1 million for the quarter as against a loss of USD 6.7 million in the corresponding period in the previous year. EBITDA at USD 3.6 million as against USD 3.4 million in Q1 FY 2014. The Company continues to enjoy a healthy EBITDA margin of 22%.
Total Sells ts Coal Mining Assets to Exxaro
Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa. The consideration for the transaction is $472 million, with completion of the sale subject to approval by the relevant South African authorities. “This sale is part of the Group’s 2012-14 asset sale program and is in line with Total’s objectives to focus on its core activities and to actively manage its portfolio”…
Crew of USCG Cutter Thetis to Return today
The crew of the Coast Guard Cutter Thetis, a 270-foot medium endurance cutter based out of Key West, Florida, is scheduled to return to homeport Tuesday at 11:45 a.m. following a 59 day patrol in the Caribbean Sea. During a patrol off the coasts of central and South America, the crew of the Thetis worked in conjunction with multiple countries and partner agencies to slow the flow of illegal drugs into the United States.
Control of Emission from Vessels in Hong Kong Waters
Amendments to the Shipping and Port Control Ordinance (Cap. 313) and the Merchant Shipping (Local Vessels) Ordinance (Cap. 548) to enhance the control of dark smoke…
China Shipyards Bag the Week's Ocean-going Newbuild Orders
Reported ordering this week has been exclusively focussed on the Chinese yards, says Clarkson Hellas in their latest 'S&P Weekly Bulletin'. COSCO Shipyards have announced a number of orders, inform Clarkson Hellas with two firm plus two option x 82,000 dwt Kamsarmaxes contracted for KC Maritime and a two further 82k Kamsarmax for a European owner. Both orders were placed at COSCO Dalian, with delivery from the later part of 2015 and the majority to be delivered in the first half of 2016.
Holland America Line Offers ‘Explore 4’ Early Booking
Holland America Line knows the trend for savvy travelers is to book vacations well in advance. To encourage those early bookings the line is returning with its popular “Explore 4” savings program that is better than before with four exceptional offers on select 2015 and 2016 sailings. The “Explore 4” benefits include a free Signature Beverage Package and free Pinnacle Grill dinner for guests booking an ocean-view and higher category stateroom…
Aker Philadelphia Shipyard ASA: Purchase of own shares
Aker Philadelphia Shipyard AKPS), a leading U.S. commercial shipyard constructing vessels for operation in the Jones Act market, has on July 25, 2014 purchased 1,465 shares in the Company on Oslo Axess at an average price of NOK 158.68 per share, implying a total consideration of NOK 232,466. Following the transaction, AKPS holds a total of 9,785 own shares, constituting approximately 0.08% of the Company's shares and votes.
USNS Ship Rescues Nine in Gulf of Oman
'USNS Richard E. Byrd' (T-AKE 4), a Lewis and Clark-class dry cargo ship, rescued 9 crew members from a Yemeni-flagged cargo vessel 'Asaed' that had lost power, was taking in water and was adrift in the Gulf of Oman, according to U.S. Naval Forces Central Command Public Affairs. The crew from Asaed requested assistance and Byrd was the first ship on scene. The crew of the Yemini vessel abandoned in their ship's lifeboat and maneuvered to the military ship, where they were safely recovered.
LiveCom Selects iDirect Evolution to Enable Global Expansion
iDirect Asia Pte Ltd today announced that LiveCom Limited (“LiveCom”), a Hong Kong based ISP, has selected Evolution as the platform to help enterprise and government…