More Hanjin Ships Seized, Box Rates Surge & Shippers Fret
About 10 Hanjin vessels effectively seized at China ports; Court says plans to start rehabilitations proceedings soon. Hanjin Shipping Co Ltd vessels have been seized…
Hurricane Warning Issued for Florida; Madeline Weakens off Hawaii
Forecasters and public officials urged Floridians to prepare for potentially catastrophic flooding and damaging winds as Tropical Storm Hermine was expected to become…
Hyundai Merchant Marine to Operate on Hanjin's Former Routes
Hyundai Merchant Marine Co Ltd said on Thursday it will deploy vessels on routes that bankrupt Hanjin Shipping used to use from South Korea to the United States and Europe, it said in a statement on Thursday. Hyundai Merchant Marine said it will start on Sept. 8 deploying four ships capable of carrying 4,000 twenty-foot equivalent units (TEU) each, on the route between Busan, South Korea, and Los Angeles.
Hanjin’s Ships Worth $1.7 Bln -VesselsValue
With Hanjin Shipping on the verge of bankruptcy, state run Korea Development Bank stated the shipper’s debt stood at more than $5 billion at the end of June. However, Hanjin owns 63 vessels, worth today $1.7 billion, including live and newbuilding contracts, as shown by VesselsValue. Hyundai Merchant Marine (HMM) who is rumored to be interested in taking over Hanjin Shipping, owns 36 vessels worth $965.5 million. This would bump up the combined fleet value of HMM and Hanjin to $2.7 billion.
Marlink Doubles Speed with Sealink VSAT Data Allowance
Marlink has doubled the burst speed on its Sealink VSAT services, enabling up to 3 Mbps for users on its data allowance packages, enabling faster Internet access…
ASIS Delivers First 9.8m Amphibious RIB
Following the success of the ASIS Amphibious RIBs 7.1 and 6.1m, and in response to popular demand; ASIS just developed, tested and delivered its biggest amphibious RIB ever manufactured yet; A 9.8 meter Black Rigid Inflatable Amphibious boat. This boat is intended for private use, and will reach its owner in The United States in September. The Sealegs amphibious system available on the ASIS 9.8m RIB consists of motorized…
MN100: Tri-State Coating and Machine Co., Inc.
Tri-State Coating And Machine Co., Inc. began operation in March 1987 with the goal of producing long-lasting parts to service the coal mine industry while creating jobs for a depressed economy. The company is located along the Guyandotte River just 15 miles south of Huntington, West Virginia. Opportunity opened in the marine industry. The hard-coated tail shaft sleeves were very much in demand but very competitive.
Navigation Simulation Suite Opens at Port of Milford Haven
Safe navigation is a priority operating principle for the UK’s largest energy Port, the Port of Milford Haven. And earlier this week the Port demonstrated that commitment with the unveiling of its new, state of the art marine navigation simulator. Significant investment has been made in developing this new facility, and it is an exceptional tool. Built using MARIN’s latest software, DOLPHIN, the navigation suite is positioned to lead the market in training and exercise scenarios.
Coast Guard Sets Port Condition X-Ray in NC Waters
The Captain of the Port (COTP) North Carolina has set Port Condition X-Ray for all navigable waterways in the North Carolina COTP Zone in preparation for the anticipated weather impact of Tropical Storm Hermine, the U.S. Coast Guard announced. Gale Force winds of 34 knots or greater are predicted along the coast of North Carolina. All self-propelled oceangoing vessels over 500 gross-tons, all oceangoing…
ABS Classes World’s Largest LNG Powered Ethane Carrier
ABS, a provider of classification and technical services to the global marine and offshore industries,has confirmed that the ABS-classed Navigator Aurora, the world’s…
LNG Carrier Coral Medusa Goes in for Repair
The gas carrier Coral Medusa, owned and operated by the Anthony Veder Group, has completed her intermediate survey at Damen Shiprepair Harlingen. The intermediate survey was scheduled and executed while the ship was under gas vapors from her last cargo. Damen Shiprepair & Conversion was able to offer three locations, Flushing, Schiedam and Harlingen, that are certified to repair gas tankers which are not gas-free. Harlingen had immediate availability so the Coral Medusa docked on July 19.
Argentina Reworks LNG Import Deals
Argentina is diverting or cancelling incoming shipments of liquefied natural gas (LNG) after mild late winter temperatures curbed fuel demand and forced state-run buyer Enarsa to rework some deals.
MN100: Alternative Marine Technologies
Established in 2007, Alternative Marine Technologies (Amtech) has been a leader in design and construction of alternative energy propulsion solutions aboard several series of vessels, built both domestically and abroad. With 23 employees, the firm continues to grow. Alternative Maine Technologies has been employed as the construction manager for myriad cutting edge marine technology projects. For example…
Vigor Delivers San Francisco’s New Fireboat
Vigor recently delivered an 88’ x 25’ x 14’ fireboat to the San Francisco Fire Department. The yet to be named vessel is the first fireboat to join San Francisco’s fleet in 61 years. Designed by Jensen Maritime and built at Vigor’s Seattle shipyard, the unique vessel is not only a firefighting tool but also a mobile pumping station powerhouse, the shipbuilder said. It’s capable of pumping millions…
Retailers Working to Minimize Disruption from Hanjin Bankruptcy
The National Retail Federation (NRF) Vice President for Supply Chain and Customs Policy Jonathan Gold weighs in on this week’s bankruptcy filing by Hanjin Shipping. “Retailers’ main concern is that there is millions of dollars worth of merchandise that needs to be on store shelves that could be impacted by this. Some of it is sitting in Asia waiting to be loaded on ships, some is already aboard ships out on the ocean and some is sitting on U.S.
Georgia to Shut Port Operations ahead of Storm
As a result of the severe weather, the Georgia Ports Authority (GPA) said it will close its facilities in both Savannah and Brunswick Friday, September 2 ahead of Tropical Storm Hermine. Georgia Gov. Nathan Deal has declared a state of emergency for 56 counties, including Glynn and Chatham counties, where Georgia's deepwater ports are located. The U.S. Coast Guard will restrict vessel arrival and departure starting at 10 p.m. tonight.
Eastern Delivers MPFSV to Harvey Gulf
Eastern Shipbuilding Group, Inc. has delivered the M/V Harvey Stone on August 29, 2016 for Harvey Gulf International Marine, LLC of New Orleans. The Harvey Stone, Eastern Hull 234, is a Rampage 6400 Multi-Purpose Field Support Vessel (MPFSV), designed by Robert Allan, LTD (RAL) of Vancouver, B.C. Eastern is also completing the Harvey Sub-Sea and the Harvey Blue-Sea, two MPSVs under construction at Eastern, from a design provided by VARD Marine.
MN100: Omnithruster, Inc.
Omnithruster’s line of waterjet bow thrusters are optimized for shallow draft operation. The Omnithruster 400HP thruster operates at a draft of less than 2 feet – something no other in-hull thruster can boast. An OmniThruster bow thruster produces thrust continually with nozzles in or out of the water; in rough seas, strong currents, while pitching, yawing, rolling, or heaving. An OmniThruster can even produce thrust while the vessel is underway at several knots…
Svitzer Amstel is Named in the Netherlands
A naming ceremony was held on August 30, 2016 for Svitzer Amstel, a new Sanmar ASD 60-metric-ton bollard pull tug operating in the Port of Amsterdam. The naming ceremony of Svitzer Amstel built by Sanmar Shipyards, was hosted by Port Towage Amsterdam. On behalf of Sanmar, Projects Director Ali Gürün and Marketing Director Pınar Gürün Korkmaz have attended the event. In witness of the invited guests and with the Svitzer Amstel alongside on the quay…
This Day In Naval History: September 1
1800 - During the Quasi-War with France, the schooner, USS Experiment, commanded by Lt. Charles Stewart, captures the French privateer Deux Amix off Barbuda, West Indies.