Safe Bulkers to Amend $51.8 Mln Loan Facility With Unicredit
Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced today that the Company has agreed to amend an existing loan facility secured by four vessels with an outstanding balance of US $51.8 million, delaying the balloon payment initially scheduled to be made in 2019 for 2022. * The total consolidated liabilities of the Company divided by its total consolidated assets must not exceed 85%.
APM Terminals Pipavav, Tatas Ink KVY Project Deal
APM Terminals Pipavav one of Western India’s gateway ports, in collaboration with Tata Trust CSPC (Coastal Salinity Prevention Cell) has launched Kharash Vistarotthan Yojana (KVY), a project which aims to strengthen community based institutions through promotion of improved farming practices and water management for 32 coastal based villages in 3 years. The launch ceremony was attended by about 775 farmers (both male and female) across the Rajula district.
SCI’s Worldwide Agents’ Meet 2016
The Shipping Corporation of India’s (SCI) Worldwide Agents' Meet 2016 held on March 2nd, 2016 drew 88 agents from across the world to participate in the Meet. There were representatives from Far East, Indian Subcontinent, Persian Gulf, Western Europe, Mediterranean, Black Sea, East and South Africa, Red Sea, Myanmar, USA, etc. The Chairman & Managing Director (CMD) Capt. B.B. Sinha, CMD, SCI, while delivering the keynote address welcomed the Agents who had gathered from around the world.
Pirates Move From High Seas to High Tech
A group of cunning tech-savvy pirates hacked a shipping company’s systems, enabling them to carefully target cargo on the firm’s vessels. A curious case reported by Verizon's RISK (Research, Investigations, Solutions and Knowledge) Team shows that even those lowly sea pirates chasing after cargo ships with old Kalashnikovs in worn-out dingies are resorting to hacking to boost up their profits. The shipping company experienced a series of hit-and-run attacks by pirates who…
China Plans Carrier Battle Groups To Defend Its Maritime Turf
Chinese navy official Rear Admiral Yin Zhuo confirmed that China plans to put aircraft carrier battle groups to sea, says a report in SCMP. The country will deploy them not only in the disputed East and South China seas, but also to protect the country’s overseas interests. Yin Zhuo said that the service intends to create aircraft carrier battle groups to “defend China's sovereignty on the islands and reefs…
Inmarsat Sees Rough Sea Ahead
The satellite communications group Inmarsat plc cautions that with the slowdown in the global economy hitting shipping, satellite communications industry faces rough weather, according to a report in Reuters. The British company, which provides data and voice connections to shipping, warned that tough trading was set to persist in its maritime and government markets this year. "We are seeing modest growing headwinds in terms of global trade slowdown and increased scrappage and lay outs…
Vitol's New Bunkering Partnership in Nigerian Waters
International oil trader Vitol Group (Vitol) has started a new bunkering operation in Nigerian waters with shipping and logistics firm PPP FM Bunkers (PPPFM), supported by the Secure Anchorage Area (SAA) West Africa. Nigeria's PPPFM is fully licensed by that country's Department of Petroleum Resources, according to Vitol. "Fully licensed by the Department of Petroleum Resources, PPPFM entered into…
Inmarsat C Celebrates 25 Years Saving Llives at Sea
Inmarsat has marked the 25th anniversary of Inmarsat C by revealing that more than 600 distress alerts from vessels in urgent need were broadcast over the service in 2015. The disclosure demonstrates how the decision made by IMO administrations requiring all ships of more than 300 gross tons to be fitted with a Global Maritime Distress and Safety System (GMDSS) remains pivotal in protecting lives at sea.
Philippines Bars North Korean Cargo Ship
The Philippine coast guard inspected a North Korean cargo vessel that docked at a port northwest of Manila in one of the first such checks since the U.N. Security Council imposed further sanctions on Pyongyang over its nuclear program, reports AP. The 6,830 dwt general cargo ship Jin Teng is among 31 vessels that could be forced to stop trading after being included in an asset freeze against a North Korean shipping company under the tightened sanctions passed unanimously by the Security Council.
Austal Awarded Additional $14 Mln in LCS Work
Austal Limited has been awarded $14.656 million in modifications to a previously awarded Littoral Combat Ship (LCS) contract by the U.S. Department of Defense. Under the contract, Austal USA will perform planning and implementation of deferred design changes that have been identified during the construction period. The corrections and upgrades are necessary to support sail-away and follow-on post-delivery test and trials period.
Radioactive Waste Platform Delivered to the Russian Navy
Itarus, the semisubmersible floating platform built by Fincantieri for the Russian RosRAO, the Federal State Unitary Enterprise for radioactive waste management, was delivered at the shipyard in Muggiano, La Spezia. The unit’s construction contract was signed by the Italian Ministry of Economic Development, RosRAO and Fincantieri in November 2013 during the Italy-Russia Business Forum, held in Trieste.
Port NY/NJ Sees Record Cargo Volume in 2015
Annual cargo volumes at the Port of New York and New Jersey beat the previous record by more than 10 percent, according to figures released by the port. The port said it handled 6,371,720 20-foot equivalent units (TEUs) (or 3,664,013 cargo containers) in 2015, an increase of 10.4 percent over the previous record set in 2014, allowing the port to maintain its position as the busiest on the East Coast with nearly 30 percent of the nation’s total market share.
Hapag-Lloyd Ups Special Cargo Focus
Container shipper Hapag-Lloyd said it has intensified its focus special cargo for container vessels. In order to be able to transport more cargo which does not fit into standard containers due to oversize or overweight, Hapag-Lloyd has strengthened its team of specialists. In addition to its Special Cargo Division at its headquarters in Hamburg, Special Cargo Teams have been established for the major markets in Asia and South and North America.
One Small Step toward Sustainable Coastal Shipping
Short sea shipping is alive and well on America’s East Coast. In the United States, counties and states directly on the shoreline constitute less than 10 percent of the total land area (not including Alaska), but account for 39 percent of the total population. From 1970 to 2010, the population of these counties increased by almost 40 percent and are projected to increase by an additional 10 million people or 8 percent by 2020. Coastal areas are substantially more crowded than the U.S.
Galley Grease Harms Equipment – and the Environment
Cleaning up the wastewater stream on marine vessels isn’t just about removing hydrocarbons out of oily separators and bilges. Workboat galleys harbor a tremendous amount of FOGs (fats, oils and grease) that, if not properly disposed of, can be a health risk, damage equipment and add to overall operational costs. Even if vessels are equipped with sophisticated grease trap systems, the introduction of nontoxic…
CMA CGM Deploys Six Mega Ships between Asia and US
CMA CGM’s six 18,000 TEU vessels named after great explorers will be deployed on the trans-Pacific market and help to accelerate its growth, the container shipping company announced today. Beginning from the end of May 2016, the CMA CGM Group will deploy its flagship fleet of six 18,000 TEU vessels between Asia and the West coast of the U.S. on the Pearl River Express service. The six container vessels – CMA CGM Bougainville…
Disney Cruise Line Plans to Add 2 More Ships
Walt Disney Co said it signed an agreement to build two cruise ships for its Disney Cruise Line business. The company, which signed the agreement with the Meyer Werft shipyard in Germany, said on Thursday the ships are expected to be completed in 2021 and 2023. Disney Cruise Line, which comes under the company's parks and resorts business, was launched in 1998 and operates out of ports in North America and Europe. The new ships, at about 135,000 gross tons, will be the biggest in Disney's fleet.
US Navy Strengthens Battlespace Situational Awareness
The U.S. Office of Naval Research has awarded BAE Systems an $11 million contract to develop next-generation electronic warfare (EW) technology that will quickly detect, locate, and identify emitters of radio frequency signals. Known as the Full-Spectrum Staring Receiver (FSSR), this technology will enable near-instantaneous battlespace situational awareness, emitter identification and tracking, threat warning and countermeasure and weapon cueing.
Radio Holland NavCom, VSAT for 4 Newbuilds
NavCom and On Board ICT specialist Radio Holland informs it has booked multiple orders in a challenging newbuild market. The company was awarded contracts to deliver and install the complete NavCom and VSAT packages for four newbuild vessels: two of the Meriaura Group and two of Eureka, part of SMT Shipping, all built at Royal Bodewes in Hoogezand, The Netherlands. “We have completed many successful projects with Radio Holland and are happy to work with them on these four new vessels…
Harris CapRock Debuts New Cyber Security Solution
Harris CapRock Communications, a provider of managed communications services for remote and harsh environments, has launched SafePass Pro, an advanced cyber security…