Euroseas Newbuilding Program Update
Euroseas Ltd.announced that it has signed an addendum to its shipbuilding contract with YJZ yard for the construction of Kamsarmax vessel Hull Number YZJ 1153 scheduled to be delivered during the first quarter of 2018. According to the addendum, the Company acquired the option until December 31, 2016 to decide whether to build the vessel, or build a vessel of different type, or credit the payment already…
FSL Trust: Yet Another Steady Quarter
FSL Trust Management Pte. Ltd. (“FSLTM”), as trustee-manager of First Ship Lease Trust (“FSL Trust” or “the Trust”) announced today that the Trust reported a stable and positive performance for the second quarter ended 30 June 2016 (“2QFY16”). 2QFY16 revenue decreased slightly by 8% year-on-year to US$25.3 million, compared to the corresponding period in the previous year (“2QFY15”). The slight decline…
Singapore Exchange Looks to Buy Baltic Exchange
Singapore Exchange Ltd (SGX) said it planned to offer 77.6 million pounds ($103 million) to buy London's Baltic Exchange and was seeking support from Baltic's shareholders for the deal.
Inmarsat Returns to Revenue Growth in Q2
British satellite operator Inmarsat reported a rise in revenue in the second quarter, more than reversing a dip in the first quarter, as its customers used its broadband…
BMT Upgrades Its REMBRANDT Simulator
BMT Ship & Coastal Dynamics, a subsidiary of BMT Group Ltd, has announced new enhancements to its marine navigation and maneuvering simulator, REMBRANDT, used globally by pilot organizations, shipping companies, naval architects, civil marine engineers and port authorities. Separate controls for setting wind, wave and swell wave parameters have been introduced. By allowing independent control of these features…
Storm Earl lashes Belize, Heads for Mexico
Tropical storm Earl whipped Belize with wind and heavy rain as it weakened, moving into Guatemala toward southeastern Mexico on Thursday after hundreds of people took shelter overnight. The U.S.
This Day In Naval History: August 4
1790 - The Revenue Cutter Service is established by Congress, authorizing the construction of 10 vessels to enforce federal tariff and trade laws and prevent smuggling. The service receives its present name, U.S. Coast Guard, in 1915 under an act of Congress that merges the Revenue Cutter Service with the Life-Saving Service, thereby providing the nation with a single maritime service dedicated to saving life at sea and enforcing the nation's maritime laws.
Converted OPVs Delivered to the Bangladesh Coast Guard
Fincantieri has delivered today at its shipyard in Muggiano, La Spezia the first two units part of the supply contract of four Offshore Patrol Vessels (OPV), to the Bangladesh Coast Guard (BCG), through the upgrading and conversion of the Minerva class corvettes, decommissioned by the Italian Navy. These are the Minerva and Sibilla vessels, renamed Syed Nazrul and Tajuddin, which have been retired from the national fleet in May 2015 and shortly after arrived at Fincantieri’s dock in Genova…
Protea Developing Heavy Lift Cargo Cranes
Poland based Protea, supplier of offshore and marine lifting and mechanical handling equipment including cranes, winches and launch and recovery systems, is expanding its offering to also deliver heavy lift cargo cranes. Protea engineers are currently developing an all new, all electric cargo crane constructed from ultra high strength steel and will be available in a range of sizes from 60t to 500t (or even higher upon client request).
Crowley Wins LNG Supply Deal in Puerto Rico
Crowley Maritime Corp. said its liquefied natural gas (LNG) services group has been awarded a multi-year contract to supply containerized LNG from the U.S. mainland to Molinos de Puerto Rico, the Caribbean arm of Ardent Mills LLC, supplier of flour, wheat, corn and rice-based food ingredients. The contract was executed through Crowley’s subsidiary Carib Energy (USA) LLC, and includes both the supply and transportation of LNG.
Rosneft Delivers First Gasoline Cargo to Asia-Pacific
Energy giant Rosneft said on Thursday its trading arm had delivered an inaugural gasoline cargo to the Asia-Pacific, marking what could be Russia's first foray into…
Great Lakes Limestone Trade Down 18% in July
Shipments of limestone on the Great Lakes totaled 3,348,040 tons in July, a decrease of 18 percent compared to a year ago, according to the Lakes Carriers’ Association (LCA). July’s loadings were also 14 percent below the month’s five-year average. Loadings out of U.S. quarries totaled 2.6 million tons, a decrease of 26 percent compared to a year ago., while shipments from Canadian quarries totaled 760,000 tons, an increase of 35 percent compared to a year ago, LCA said.
US Coast Guard Barque Eagle Sails to New York
The U.S. Coast Guard Cutter Eagle sailed into New York City, Thursday, as part of a voyage commemorating 70-years since the original journey from northern Germany to New York. The historic Eagle – the only active commissioned sailing vessel in the U.S. armed services – was constructed in 1936 and was acquired from Germany as a war reparation following World War II. The shipe is now primarily used to train cadets from the U.S. Coast Guard Academy.
Canada's Largest Electric Tour Boat Launched
A new, emission-free electric tour boat now plies the Rideau Canal, powered by two 80 horsepower Torqeedo electric motors. The 75-foot, 100-passenger vessel Queen Elizabeth Dr. is the first of two planned vessels to offer guided tours and host events on the canal. The second, Colonel By, is expected to enter service in the spring of 2017. “Torqeedo's high-power Deep Blue system was the obvious choice…
Unexpected Demand to Boost Dry Bulk Rates -Drewry
Increasing trade and contracting supply will support a recovery in charter rates on major dry bulk shipping routes, with the prospect of China importing more coal and iron ore to combat pollution and poor quality, according to the latest edition of the Dry Bulk Forecaster, published by global shipping consultancy Drewry. Macroeconomic policy decisions by the Chinese authorities have had an impact on the overall dry bulk market…
Two High-tech SSCVs Ordered in China
Holding OOS International Group B.V. confirms it has signed a fixed contract for the engineering and construction of two new build Semi-Submersible Crane Vessels (SSCV) with China Merchant Industry Holdings, a fully owned subsidiary of the China Merchant Group. “OOS took a quantum leap within the oil and gas/wind Industry,” said Léon Overdulve, Founder and owner of Holding OOS International Group B.V.
Tanker, Containership Collide in Singapore
An Iranian supertanker collided with a container ship in the Singapore Strait with no loss of life or pollution despite damage to both vessels, shipping officials said on Thursday.
Kongsberg Wins EPCI Contract for Newbuild RoPax Ferry
Kongsberg Maritime said it has been awarded an engineering, procurement, construction and installation (EPCI) contract worth more than NOK 120 million from Flensburger…
New Diving Training Ship Delivered to Tunisia
The Tunisian government has taken delivery of a new training ship, Zarzis A710, which will support diving and security works in air and sea areas of the Mediterranean. The vessel was built by Vittoria Shipyard SpA and commissioned by the Tunisian Defense Ministry as part of the Tunisian-Italian cooperation agreement signed in spring 2015. The Diving Support Vessel will be deployed by the Tunisian authorities…
New Mission Set to Retrieve El Faro's VDR
The National Transportation Safety Board (NTSB) will launch its third mission to the wreckage of the El Faro on Friday from Virginia Beach, Virginia. The mission’s primary objective is to retrieve the sunken cargo ship’s voyage data recorder. The Military Sealift Command’s fleet ocean tug USNS Apache is expected to arrive at the accident site around August 9. Along with the NTSB, the U.S. Coast Guard, the U.S.