SFL Acquires Eight Capesize Bulkers
Ship Finance International Limited today announced the agreement to acquire eight Capesize dry-bulk carriers from subsidiaries of Golden Ocean Group Limited ("Golden Ocean"). The vessels are named Golden Beijing, Golden Zhoushan, Golden Magnum, Battersea, Belgravia, Golden Zheijang, Golden Future and KSL China and were built in Korea and China between 2009 and 2013. The total acquisition price will be $272 million, or $34 million on average per vessel.
Aker Solutions 1Q 2015 Revenue Up
Aker Solutions announced their Financial Results for the first quarter of the current calendar year. * EBIT margin ex. Aker Solutions' revenue rose 14 percent to NOK 8.5 billion in the first quarter of 2015 from a year earlier, boosted by progress on major projects from Angola to Brazil and Norway. Earnings before interest and taxes (EBIT) fell 22 percent to NOK 409 million in the quarter from a year earlier. The EBIT margin in the same period narrowed to 4.8 percent from 7 percent.
MacGregor Delivers Major Winch for Korean Heavy Lift Barge
Following an order announced in October 2013, MacGregor, part of Cargotec delivered and commissioned 45 variable frequency drive (VFD) winches and a full control system for the recently completed heavy-lift crane barge Hyundai HLV-10000, one of the largest heavy lift vessels in the world. Hyundai Samho Heavy Industries Co Ltd, a subsidiary of Hyundai Heavy Industries, built the large floating crane to meet the increasing demands for heavyweight shipbuilding support activities…
Coast Guard Foundation Donates for New Playground
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families,announced today its support of a new playground at Coast Guard Air Station Houston. Located at one of the busiest Coast Guard bases in the country, the playground will provide enjoyment for the families and boost the morale of individuals stationed there. Donating their time for the overall benefit of the entire base…
Tin Hau Festival on 11 May 2015
Coxswains, owners and operators of local vessels are advised that arrangements for embarkation and disembarkation will only be made at the western side of the main pier of Tai Miu Wan, whereas the eastern side of the main pier will be used by licensed ferries. A ferry service between North Point Ferry Pier and the Tai Miu Wan pier will be operated on 10 May and 11 May 2015. Details of the ferry service will be announced by the Transport Department in due course.
Iran Seizes Cargo Ship
Iran seized a Western commercial cargo ship in the Persian Gulf early Tuesday and ordered it to sail into Iranian territorial waters. Pentagon says MV Maersk Tigris, which was thought to have entered Iranian waters, was intercepted by Iranian vessel – but did not belong to US. Warning shots were fired but no injuries were reported, a shipping agency said. Thirty-four crew members were reported aboard.
Finland Fires at Suspected Foreign Submarine near Helsinki
A report by the AP said that the Finnish military says it has dropped depth charges onto a suspected submarine in the sea outside Helsinki after twice detecting the presence of a foreign object in the area. The navy's maritime operations chief, Olavi Jantunen, says they could not identify the "underwater object" but had begun an investigation, which could take weeks. “We strongly suspect that there has been underwater activity that does not belong there.
EU Adopts New Ship CO2 Reporting Rules
Members of the European Parliament (MEPs) have supported draft EU rules requiring ship-owners using EU ports to monitor and report CO2 emissions each year. The text establishes an EU-wide system for monitoring, reporting and verification (MRV) of greenhouse gas emissions from shipping, in order to improve the information about ship efficiency and emissions and to encourage reducing emissions and fuel consumption.
MAIB Blames 'Structural Weakness' in Cheeki Rafiki Capsize
An accident report into the loss of the Cheeki Rafiki mid-way through a transatlantic crossing last May, found that undetected damage to fittings around the keel after a string of earlier groundings are among the likely causes, says the Telegraph. The loss of four UK sailors in the Atlantic was "a tragic accident", the head of the Marine Accident Investigation Branch (MAIB) said. Days later the hull of the 40ft yacht was found with its life raft still on board. There was no sign of the crew.
Cargotec to Sack 220 at MacGregor
Finnish cargo-handling machinery maker Cargotec announces savings measures in its subsidiary MacGregor to respond to the weakening market situation due to the low oil price and low number of new merchant ship orders. Cargotec is laying off some 220 employees globally at its MacGregor business. The countries where the impact of the planned measures is estimated to be biggest are Sweden, Singapore and Norway.
DHT Tops 1Q Forecasts
DHT Holdings declares $0.15/share quarterly dividend, 200% increase from prior dividend of $0.05. The Hamilton, Bermuda-based Company said it had profit of 25 cents per share. The company has reported first-quarter net income of $23.2 million, after reporting a loss in the same period a year earlier. According to a report in AP, the results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
Spain: 156 Passengers on Burning Ferry Evacuate
Spain's development ministry has said that a fire broke out on a ferry as it journeyed from Palma on the island of Majorca to Valencia in Spain. Spanish media reported that around 156 people had to abandon ship around 17 miles from Palma de Mallorca and were helped by emergency services. The Spanish Ministry of Works said the captain did not initially want to evacuate the ferry but passengers and crew eventually left the burning boat in lifeboats.
Seized Ship Being Escorted to Iran's Bandar Abbas
A cargo ship seized by Iran's Revolutionary Guards forces is being escorted to the Iranian port of Bandar Abbas after it was approached in international waters,…
Moran Iron Works Builds Two Barges for Durocher
Moran Iron Works (MIW) launched two ocean going deck barges last week for Durocher Marine, a division of Kokosing Construction Company Inc. The two deck barges are 180' X 54' X 12' and built in accordance with the American Bureau of Shipping (ABS) and United States Coast Guard (USCG) regulations and classifications. KOKOSING IV launched on Monday, April 20 and KOKOSING III launched Tuesday, April 21 at the deep water port at Calcite in Rogers City…
Iranian Forces Fire On, Board Cargo Ship in Gulf
Iranian forces boarded a Marshall Islands-flagged cargo ship in the Gulf on Tuesday after patrol boats fired warning shots across its bow and ordered it deeper into Iranian waters, the Pentagon said. U.S. planes and a destroyer were monitoring the situation after the vessel, the MV Maersk Tigris, made a distress call in the Strait of Hormuz, one of the world's most important oil shipping channels.
Iran: Revolutionary Guards Seized Ship for Legal Reasons
Naval units from Iran's elite Islamic Revolutionary Guards Corps (IRGC) seized a cargo ship in the Gulf on Tuesday for legal reasons, an IRGC source was quoted as saying by state news agency IRNA.
Deadly Fire on Pemex Oil Platform to Cost up to $780m
Losses associated with a deadly explosion on an offshore oil platform owned by Mexican state-run company Pemex will total as much as $780 million, a source close to the discussions said on Tuesday.
Jeffersonville Port Sets Quarterly Shipping Record
The Port of Indiana-Jeffersonville recorded the highest quarterly shipments in its 30-year history during the first quarter of 2015. Cargo volume exceeded 800,000 tons…
Navy Awards Contract for Passenger Terminal Renovation in Hawaii
Naval Facilities Engineering Command (NAVFAC) Hawaii awarded a $20.5 million firm-fixed-price task order under a multiple award construction contract April 27 to Insight Pacific LLC…
Committee to Consider Coast Guard Authorization Bill
The U.S. Committee on Transportation and Infrastructure, chaired by U.S. Rep. Bill Shuster (R-Pa.), will mark up legislation this week that authorizes United States…