Slashed Charter Rate for Diana's m/v Houston
Diana Shipping Inc. a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with SwissMarine Services S.A., Geneva, for one of its Capesize dry bulk vessels, the m/v Houston. The gross charter rate is US$5,150 per day, minus a 5% commission paid to third parties, for a period of minimum eleven (11) months to maximum fourteen (14) months.
Dorian LPG Post 3Q 2016 Profit
Dorian LPG Ltd. a leading owner and operator of modern very large gas carriers, today reported its financial results for the three months ended December 31, 2015. John Hadjipateras, Chairman, President and Chief Executive Officer, commented, "The third quarter was an extremely busy period for Dorian as we took the delivery of seven new Eco-design VLGCs. Our cash flow generated from operations has allowed us to repurchase an additional 480…
Siemens Acquires CD-adapco for $970m
Siemens and CD-adapco have entered into a stock purchase agreement for the acquisition of CD-adapco by Siemens. The purchase price is $970 million. CD-adapco is a global engineering simulation company with software solutions covering a wide range of engineering disciplines including Fluid Dynamics (CFD), Solid Mechanics (CSM), heat transfer, particle dynamics, reactant flow, electrochemistry, acoustics and rheology.
Innovative A-Frame Crane for RV Sikuliaq
Recently installed aboard the R/V Sikuliaq was Allied Marine Crane’s innovatively redesigned A-Frame crane, which aims to improve the safety and capability of the marine research industry. Built at Allied Systems’ 250,000 sq. foot mfg. facility in Sherwood, Ore., the A-Frame was installed aboard 261-foot oceanographic research ship at the Bay Ship & Yacht Co. in Alameda, Calif. Delivery and installation was completed just about one year from the receipt of order.
U.S. Seaports: Cargo Volumes Rise 3.1%
Seaports are seeing a steady rise in waterborne cargo volumes according to new numbers from U.S. Army Corps of Engineer’s report. Overall, 2014 freight tonnages increased 3.1 percent over 2013 totals. The Corps of Engineers’ Waterborne Commerce Statistics Center tracks the commercial movement of U.S. foreign and domestic cargo and vessels. Based on the Corps’ new report, the American Association of…
New Tug Delivered to Vane Brothers
The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, Md., has taken delivery of the Elizabeth Anne, the first in a new series of 4,200-horsepower tugboats. Vane Brothers has ordered a total of eight Elizabeth Anne Class towing vessels through St. Johns Ship Building in Palatka, Fla., with the second in the series, the Hudson, scheduled for delivery this spring. According to Vane Brothers President C.
Maritime Training: Keeping it Close to Home
On the U.S. Gulf Coast, two well-regarded maritime education providers are expanding to meet growing local demand, while satisfying local employers with quality graduates. The sense of ‘community’ that they project is both real, and intentional. Less than 350 miles apart, the ports of Houston and New Orleans handle all manners of marine commerce and cargoes, employ tens of thousands on the waterfront…
SailSafe: A SEA Change for the Better
BC Ferries has improved its safety record, operational practices – and at the same time, its bottom line. In 2007, British Columbia Ferry Services Inc. (BC Ferries) initiated a union-management joint endeavor to create a world-class safety culture. This program, coined SailSafe, addressed a wide variety of safety-related aspects of BC Ferries’ culture and operational practices. By almost any measure, SailSafe has been a tremendous successf.
Merus Technology for VOS Paradise
Vroon Offshore Service B.V., an international shipping company with a fleet of approximately 90 offshore vessels, has again trusted in Merus technology, commissioning Pronomar to install four Merus rings on platform supply vessel VOS Paradise this week after sister ship VOS Pace was equipped with this technology at the end of 2015. Other sister ships VOS Sympathy, VOS Sweet and VOS Shine have also been equipped with Merus technology.
Searching for a Better Way
Financing the Municipal, Tax-Exempt Workboat Sector. Poring over any of the many marine publications that seemingly arrive daily in your mailbox or inbox, you can get an idea of the depth and breadth of the current state of U.S. commercial marine vessel shipbuilding. Given the tumult in the oil market and the number of cancellations of vessels previously on order, it can safely be said that things certainly have looked better.
Cruise Repair to Keep GBSL Busy in 2016
Repair yard Grand Bahama Shipyard Limited (GBSL) is in store for a busy year, with 20 cruise vessels booked for repair, maintenance and overhaul work in 2016. The scope of projects includes propulsion and technical systems overhaul, accommodations and public space upgrades and the addition of attraction facilities onboard. These vessels are typically booked at least two years in advance to allow for planning and communication between the yard and clients.
New York Area Ports Shut Down after Dock Workers Walk Out
New York and New Jersey's cargo terminals shut down on Friday after more than a thousand longshoremen walked off the job, shuttering one of the country's busiest port networks. The employees stopped working around 11 a.m. (1600 GMT). It was not immediately clear what had prompted the walkout. "To run a picket you need a permit and there wasn't one issued by the Port Authority," said one Port Authority official who requested anonymity.
US Oil Drillers Cut Rigs for 6th Week
U.S. energy firms cut oil rigs for the sixth straight week, data showed on Friday, and were expected to shed more in coming weeks with three major U.S. shale oil…
LNG Prices Dip on Stock Builds as New Supply Looms
Asian spot LNG prices fell this week as top consumer Japan struggled with surplus stock and Chevron's new Gorgon project neared start-up, which will feed into an already oversupplied market.
Drifting Cargo Ship Taken Under Tow
A cargo vessel that went adrift off the west coast of Cornwall and Devon after encountering engine difficulties is currently under tow, the U.K. Maritime and Coastguard Agency (MCA) reported.
Iranian Drone Flew over US Carrier -US Navy
An unarmed Iranian drone flew directly over a U.S. aircraft carrier operating in international waters in the Gulf this month in a move that was "abnormal and unprofessional," the U.S.
US, Canada Partner to Break Ice on Lower Great Lakes
U.S. and Canadian Coast Guard icebreaking crews kick off operation Coal Shovel Friday in the waters of the southern Great Lakes. Operation Coal Shovel encompasses domestic icebreaking operations in southern Lake Huron, Lake St. Clair, the St. Clair / Detroit River system, Lake Erie, Lake Ontario and the St. Lawrence Seaway. U.S. and Canadian Coast Guard icebreakers, work together to break ice in these waterways as conditions worsen throughout the winter.
ALMACO's Catering Solutions on Norwegian Escape
ALMACO Group has delivered the first of Norwegian Cruise Line’s Breakaway-Plus class ships, Norwegian Escape. The largest in Norwegian’s fleet, the ship was built at Meyer Werft and delivered on October 22, 2015. ALMACO’s scope for Norwegian Escape includes design, supply and installation of all catering-related equipment in the Galleys, Bars, Buffets, Pantries, Provision Stores and Refrigeration Machinery.
Matson Announces Quarterly Dividend
The Board of Directors of Matson, Inc., a U.S. carrier in the Pacific, has declared a first quarter dividend of $0.18 per common share. The dividend will be paid on March 3…
ATPI, Teekay Offshore Ink Travel Management Deal
ATPI Griffinstone, part of the ATPI Group, has secured a travel management agreement with Teekay Offshore. Teekay Offshore has decided to consolidate all of its…