Selling the World's Priciest Ship...
Online ship intelligence and information service VesselValue.com has launched a series highlighting the world's most expensive active vessels, and this week focuses on the costliest of all: QMAX liquefied natural gas (LNG) carrier Zarga, which prices in at a whopping $221.8 million. According to VesselValue, Zarga’s sticker price is equal to 1.5 of Real Madrid footballer Gareth Bale’s $145 million transfer fee…
Hanjin Makes Maiden Call to Boston
The containership Hanjin Milano made its maiden call at Conley Terminal Friday, the Massachusetts Port Authority (Massport) announced. This is the first time that Hanjin Shipping has called the Port of Boston directly, opening a new channel of economic impact for the region. “The Port of Boston is the waterborne trade gateway for New England and a primary economic engine for the Commonwealth of Massachusetts,” said Thomas P. Glynn, Massport CEO.
Hyde Marine to Implement NIOZ System Testing
Hyde Marine, Inc. announced today it will begin using a new ballast water test system, B-box, recently made available from the Royal Netherlands Institute for Sea…
SNA West Coast Symposium 2014
The Surface Navy Association will hold its annual West Coast Symposium at Naval Station San Diego on August 21. The event will be held on the waterfront at Pier 2. Deputy Commander, U.S.
Russian Oil Minister Says to Help Iran Sell Oil
Russia will help Iran to arrange shipments of its oil to markets, Russian Energy Minister Alexander Novak said on Tuesday. "Based on Iran's proposal, we will participate…
Newport Int'l Boat Show Plans for Press Conference
Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today its plans for the 2014 State of the Industry Press Conference. This year, the event will take place on Friday, September 12th at 8:15 a.m. in Sunset Lounge at the end of Commercial Wharf. The new format will feature a lively question and answer session among a panel of industry experts. Open to members of the press and individuals attending the Newport International Boat Show…
BW Offshore Completes $800m Bank Loan
BW Offshore has signed the facility documentation for the new $800 million 10-year senior secured credit facility for the Catcher FPSO project.e facility is a combined construction and long term financing facility. The credit facility was substantially oversubscribed by a group of 13 leading international banks. The Equity Ratio covenant (equity to total assets) in the Catcher facility is 25%, in line with BW Offshore's three bond loans.
W&O Europe Named a Tube-Mac Distributor
W&O Europe, a global supplier to the marine and marine offshore markets for pipe, valves and fittings, valve automation and engineered solutions, has entered into a new partnership with original equipment manufacturer Tube-Mac Piping Technologies. The distribution agreement names W&O Europe as the official distributor of Tube-Mac’s PYPLOK product in Belgium, the Netherlands, Luxembourg (also known as Benelux) and Turkey for the marine industries.
CEVA Holdings 2Q, 2014 Results
CEVA Holdings LLC, one of the world’s leading non‐asset based supply chain management companies, today reported results for the three months ended 30 June 2014.
EMGS Releases Interactive, Multi-client Maps
From EMGS's website, you now have interactive access to EMGS’s multi-client library. Visit our interactive multi-client maps. Zoom in to the area of interest, see what data is available…
Flyboarding Will Land at Michigan City Boat Show
Whether it’s gliding through the water like a dolphin or flying 35 feet above it like a suoer hero, when Cory Johnson take off flyboarding at the Progressive Michigan City Boat Show, August 7-10, the crowds will be seeing the hottest new watersports. With each demonstration, Johnson will slip into a pair of boots secured to the flyboard by bindings similar to a wakeboard. Water is forced under pressure…
CSL Launches Corporate Sustainability Report
The CSL Group, a global company in marine dry bulk cargo shipping and handling, today released its new Corporate Sustainability Report, featuring highlights of its 2013 sustainability performance and progress. The inaugural report available on the company’s website broadens the scope of CSL’s Environmental Report published since 2008 and includes other priority areas including safety, ethics, employee and community engagement, the workplace, philanthropy and value for customers.
Vancouver Welcomes Tanker on Her US Maiden Voyage
The Port of Vancouver USA welcomed the Nord Geranium, commanded by Capt. Kim Aarup of Denmark, on her first voyage to the United States July 29. Capt. Aarup and his 22-member Danish and Filipino crew were welcomed to Vancouver by Aaron Flett, terminal manager with NuStar Energy Corporation, Gary Martinke, vessel agent with Inchcape Shipping Services and Mike Schiller, business development manager for the Port of Vancouver.
Blyth Workcats Delivers New Dive Boat
Blyth Workcats of Canvey Island, U.K. has delivered a new 11-meter dive boat to the Mevagh Dive Center in County Donegal on the west coast of Ireland. The new boat has now begun work transporting groups of up to 12 divers to sites along the Atlantic coast of Ireland where numerous wrecks make it an interesting but challenging region for recreational divers. The Laura Dean is powered by two Iveco N67…
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.
Long History of Canals in Egypt Linking Europe and Asia
Egypt said on Tuesday it plans to build a new Suez Canal alongside the existing 145-year-old historic waterway in a multi-billion dollar project aimed at expanding…
Russia-Japan Shipbuilding and Repair Seminar
The fourth Russian-Japanese seminar ‘Сooperation in shipbuilding and ship repair’ is to take place September 4-5, 2014. For the first time, the annual event is to be held in St. Petersburg - the maritime capital of Russia . The event is being organized by Russian Maritime Register of Shipping (RS) and the Japan Ship Machinery & Equipment Association (JSMEA). RS Chief Operating Officer Pavel Shikhov said…
Petroperu Seeks to Sell Fuel Oil Cargo
State-run Petroperu is offering to sell a 220,000 barrel cargo of fuel oil for delivery at Talara port on September 6 to 10, according to a tender document seen by Reuters on Tuesday. The oil company in July sold a similar cargo of fuel oil that will be loaded this week. It has also been actively buying crude and fuel cargoes on the open market in recent months. For this tender, the company is offering…
Today in U.S. Naval History: August 5
Today in U.S. 1832 - Frigate Potomac is first U.S. 1864 - R.Adm. 1882 - Authorizing of first steel warships, beginning of the modern Navy. 1915 - First air spotting for shore batteries at Fort Monroe, Va. 1921 - Yangtze River Patrol Force established as command under Asiatic Fleet. 1990 - Navy and Marine Task Force (USS Saipan, USS Ponce, and USS Sumter) begin evacuation of U.S. citizens and foreign nationals from Liberia during civil war.
Sanmar Delivers Two ASD Tugs
Two new Sanmar Bogacay Class ASD tugs, both second vessels of their power range are delivered to their owners. Rimorchiatori Riuniti took delivery in Genoa, Italy, of RR Turchia (Bogacay 702), a Bogacay Class 70 tonne bollard pull ASD built in Sanmar’s state-of-the-art shipyard at Tuzla, Turkey. Although the vessel was completed in under three months from the date of order, the origins of the class…