Diana Enters Time Charter Contract with Clearlake
Diana Shipping Inc., through a separate wholly-owned subsidiary, has entered into a time charter contract with Clearlake Shipping Pte. Ltd., Singapore, a member of the Gunvor Group, for one of its Capesize dry bulk vessels, the m/v New York. The gross charter rate is $12,850 per day minus a 4.75% commission paid to third parties, for a period of minimum 14 months to maximum 18 months. The charter is expected to commence on December 18, 2014.
Call on Governments to Address Migrants at Sea Crisis
Speaking at a high level Dialogue on Protection at Sea, hosted by the United Nations High Commissioner for Refugees (UNHCR) in Geneva, the International Chamber of Shipping (ICS) has called on governments to address the growing refugee and migrant crisis in the Mediterranean. ICS Secretary General, Peter Hinchliffe, remarked: “The shipping industry fully accepts its humanitarian obligation to assist anyone at sea whose vessel is in distress.
IACS Holds Council Meeting
The International Association of Classification Societies chaired by Philippe Donche-Gay of BV held its December Council meeting yesterday in London. The flagship…
Russian Wheat Exporters Cut Prices
Exporters of Russian wheat have cut prices to try to speed up sales abroad before the government possibly introduces curbs to replenish its own stocks and prevent rises in the cost of bread…
India on Alert After Oil Spill in Sundarbans
Authorities on India's eastern coast are on alert after a tanker and another vessel collided, spilling more than 350,000 litres of furnace oil into the waters of…
Damen Performs Cruise Ship Maintenance
Damen Shiprepair & Conversion has recently carried out a number of cruise ship repair and refurbishment projects in the Netherlands, including Astor and Marco Polo, both operated by Cruise & Maritime Voyages. The vessels have been at Damen Shiprepair Vlissingen (DSV) for a wide-ranging program of scheduled and unscheduled work. Damen carried out its scope within a tight timeframe so that both ships were ready for planned onward voyages.
5 Kalmar RTGs for GCT, Poland
Kalmar, part of Cargotec, has gained a further order for five of its latest generation zero emission rubber-tyred gantry granes (RTGs) from Gdynia Container Terminal (GCT) in Poland. The order follows the delivery of two similar machines earlier in 2014. The latest order was booked into Cargotec's fourth quarter intake with delivery scheduled for December 2015. GCT opted to specify the Kalmar solution as the 41 tonne capacity E-One2 Zero Emission RTG, which stacks 6+1 wide and 1-over-6 high.
Samref Wraps Yanbu Refinery Revamp
Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel. The SAMREF partnership, which is celebrating 30 years of joint refining operations, demonstrates the long-term collaboration and progress towards meeting the energy needs of Saudi Arabia’s growing economy.
UniSource Buys Gila River Power Station
UniSource Energy Services (UES), an indirect, wholly owned subsidiary of Fortis Inc., has strengthened its generating portfolio and reduced its reliance on the wholesale energy market through the purchase of a share of the efficient natural gas-fired Gila River Power Station in Gila Bend. Under the terms of the purchase, UES subsidiary UNS Electric, Inc. and sister company Tucson Electric Power (TEP)…
Caterpillar Rejigs Top Deck
Caterpillar Inc. * Doug Hoerr has been appointed as vice president with responsibility for the Strategic Services Division. Caterpillar’s Board of Directors has appointed Julie Lagacy, a 26-year veteran of the company and currently vice president with responsibility for the Finance Services Division (FSD), as Chief Information Officer (CIO) and vice president with responsibility for the Global Information Services Division (GIS).
USS Paul Hamilton Rescues Mariner
Arleigh Burke-class guided-missile destroyer USS Paul Hamilton (DDG 60) rescued a stranded mariner Dec. 9 while operating south of the Hawaiian Islands. Paul Hamilton Sailors rendered assistance to Ron Ingraham after receiving a distress call from U.S. Coast Guard District 14's Honolulu Sector. Ingraham, stranded at sea since Nov. 27, was caught in a storm that blew his vessel approximately 200 miles south of the Hawaiian Islands, leaving him without food or water for 12 days.
Smit Lamnalco Acquires PB Towage
Royal Boskalis Westminster N.V. announced that Smit Lamnalco, a 50% owned associate, has substantially strengthened its position in Australia through the acquisition of PB Towage Australia (PB Towage). PB Towage is the second largest player in Australia with activities along the Eastern coast stretching from Melbourne to the Cape York Peninsula. Following this transaction, Smit Lamnalco will be active in 8 ports in Australia with a total of 29 vessels offering a combination of harbour towage…
Strong Interest in Keppel DC REIT IPO
Keppel DC REIT Management Pte. Ltd., a wholly-owned subsidiary of Keppel Telecommunications & Transportation Ltd has received overwhelming demand from institutional and retail investors for its initial public offering of 261,138,000 Units. The Offering comprised an international placement of 207,375,000 Units1 to investors, including institutional and other investors in Singapore (the "Placement Tranche"), and an offering of 53,763,000 Units to the public in Singapore (the "Public Offer").
Winter Storm to Hit San Francisco Bay
A major winter storm is forecast for the San Francisco Bay this week. The storm is forecast to impact the entire Bay Area region, Monterey, and Lake Tahoe. Patchy fog, heavy rain, gale force winds (in excess of 34 knots) and increased wave action are expected Wednesday night, 10 December 2014 through Thursday 11 December 2014, with weather abating and showers expected on Friday 12 December 2014....
ICS Guidelines for Large Scale Rescue
In response to the continuing crisis in the Mediterranean, necessitating commercial ships to rescue tens of thousands of migrants and refugees during 2014, the International Chamber of Shipping (ICS) has published new Guidance on Large Scale Rescue Operations at Sea, which can be downloaded free of charge via the ICS website. ICS Secretary General, Peter Hinchliffe explained: “The shipping industry fully accepts its humanitarian obligation to assist anyone at sea whose vessel is in distress.