Mermaid Kohler Range to Be Launched
Mermaid Marine is to launch a new range of diesel engines, the Mermaid Kohler. The partnership between U.K. diesel engine marinizer Mermaid Marine and Kohler expands Poole based Mermaid Marine’s offering to smaller inboard engines with the company now able to supply engines from 31kW to 376kW. It has come about through Mermaid Marine’s parent company, Power Torque’s work with JCB which has partnered…
ABB to Maintain Prestige Cruise Fleet Turbochargers
ABB announced that it has signed a five-year maintenance agreement with Prestige Cruise Holdings (PCH) to provide services, parts and support for all turbochargers installed on its fleet of eight cruise ships. The contract provides global access to maintenance services for the turbochargers to ensure their continued safe and reliable operation. Prestige Cruise Holdings is the parent company of Oceania Cruises and Regent Seven Seas Cruises…
Submarine North Dakota Completes First Voyage
The U.S.’s newest and most advanced nuclear-powered attack submarine, North Dakota (SSN-784), returned to the General Dynamics Electric Boat shipyard Tuesday following the successful completion of its first voyage in open seas, called alpha sea trials. North Dakota is the 11th ship of the Virginia Class, the most capable class of attack submarines ever built. Electric Boat is a wholly owned subsidiary of General Dynamics (GD).
StanChart Takes Provision for Suspected Qingdao Fraud
Standard Chartered Plc said its $175 million provision to cover its exposure to suspected commodities fraud in China was the result of a conservative view of possible…
Glencore Courts Guinea's Iron Ore Treasures
Miner and commodity trader Glencore has expressed interest in iron deposits in Guinea, a presentation obtained by Reuters shows, although the company said it had not pitched for a stake in Simandou…
Russian Grain Exporter to Sell Ukraine Terminal
Yug Rusi, a Russian grain exporter and sunflower oil producer, is seeking to sell its terminal at Ukraine's Kherson port, two traders told Reuters. The privately held company…
Professor in Hot Water for Hosting Costa Concordia Captain
A professor who invited the disgraced captain of the capsized Costa Concordia to speak at a criminology seminar has been referred to the ethics committee at Rome's La Sapienza University, the university said on Wednesday. Professor Vincenzo Mastronardi held the seminar last month reconstructing the January 2012 shipwreck in which 32 people died, complete with 3D graphics and comments from the ship's captain Francesco Schettino, the university said.
Eagle Bulk Shipping Files for Bankruptcy
Eagle Bulk Shipping filed for bankruptcy on Wednesday, the latest in a string of shipping companies to make a Chapter 11 filing, and said it reached agreement with its lenders to cut its debt by $975 million. The U.S. company said in a statement that creditors who hold more than 85 percent of its loans have voted in favor of a proposed reorganization plan. Getting creditor support for a "prepackaged" plan before filing for Chapter 11 can dramatically cut the time a company spends in bankruptcy.
Marseilles Targets Mega-cruise Repair Market
The Marseilles Fos port authority said it is targeting mid-2015 to complete the €28 million renovation of its giant drydock 10 to provide a strategically located base for cruise ship repair and maintenance. At 465 meters long and 85 metrs wide - the third biggest in the world after Lisbon and Dubai – the drydock will offer a unique facility for the latest-generation fleet in the Mediterranean, where 65% of the world’s largest cruise vessels operate.
South Africa's RBCT Coal Exports Up
South Africa's Richard's Bay Coal Terminal (RBCT) exported 5.4 million metric tons of coal in July, more than the 4.9 million metric tons in June, data showed on Wednesday. The terminal's coal stocks, which end up in power stations in Europe and Asia, stood at 4.9 million tonnes at the end of July, RBCT said. (Reporting by Olivia Kumwenda-Mtambo; Editing by Joe Brock)
Fugro to Continue the Search for MH370
The Australian Transport Safety Bureau (ATSB) has awarded Fugro an additional contract for the deployment of two specialist vessels, equipment and expertise in the deepwater search for the missing Malaysia Airlines flight 370 (MH370). Fugro will mobilize its vessels Fugro Equator and Fugro Discovery, both fitted with specialist deep tow survey systems for the work. Since June, the Fugro Equator has been involved in the bathymetric survey of the search area.
Jaya Delivers AHTS Vessel for Mermaid Marine
Offshore marine services provider Jaya, now part of Mermaid Marine Australia Ltd. (MMA), today delivered Jaya Majestic, a new state-of-the-art anchor handling tug supply (AHTS) vessel into MMA’s international fleet. Jaya Majestic was built at the company’s Singapore shipyard and is the first vessel to be delivered following the acquisition of 100% of Jaya Holdings’ subsidiaries by MMA earlier this year. MMA is Australia’s largest marine services provider to the offshore oil and gas industry.
Hatz to Present Engine Concept Study at SMM
Hatz Diesel, a manufacturer of industrial diesel engines, presents the concept study of the new 4H50TIC as a marine version at the SMM exhibition in Hamburg. Hatz will also showcase other available GL certified engines. Hatz Diesel, a manufacturer of industrial diesel engines in the power range from 1.5 to 56 kW, presents its products for maritime applications at SMM in Hamburg from September 9-12, 2014.
AO Shipping Selects Wallem for 2 Newbuilds
AO Shipping has selected Wallem Europe as the managers of its two newbuild I-Star Ultramaxes, which will be delivered in 2015 from Imabari Shipbuilders. Wallem has been managing vessels for AO Shipping since 2009, and with the addition of the I-Star Ultramaxes, from 2015 Wallem will be managing five vessels on behalf of the owner. Wallem Europe Managing Director Ulrich Paulsdorff said the new vessel contracts were an endorsement of the maritime services offered by Wallem in Europe.
Mariner Group Wins GSN Award
The Mariner Group announced it has been recognized again by Government Security News (GSN) as the Most Notable Seaport Security Solution in this year’s Airport, Seaport…
Bangladesh Police Seek Ferry Owner, Captain
Authorities in Bangladesh investigating the sinking of a ferry with nearly 250 people on board have lodged murder charges against the owner and five others, including the captain…
USCG Respond to Disaster Ashore
The Coast Guardsmen of Station Cape Charles are used to responding to disasters at sea. On July 24 that changed as they scrambled to a scene where only their training, teamwork and devotion to duty could help them respond to a disaster ashore. Crewmembers on duty were just beginning their physical training when several members heard their phones go off in unison. A tornado had just touched down in a popular campground nearby and ripped through the rows of trailers and tents.
Eastern Delivers 6th OSV to Horbeck
Eastern Shipbuilding Group, Inc. announced the delivery of the M/V HOS Black Foot (Hull 206) to Hornbeck Offshore Services, LLC, ahead of schedule and on budget. The HOS Black Foot is Eastern’s sixth of 10 offshore support vessels under contract and the second vessel designated as the HOSMAX 310 series by Hornbeck Offshore. Each vessel is Diesel-Electric powered, twin Z-drive propelled OSVs. These…
Tidewater 1Q Results For Fiscal 2015
Tidewater Inc. announced today first quarter net earnings for the period ended June 30, 2014, of $43.7 million, or $0.88 per common share, on revenues of $385.7 million.
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…