Genting Dream to Homeport in Singapore
Asian luxury cruise line Dream Cruises said it will homeport its inaugural vessel, Genting Dream, year-round in Singapore from December 3, 2017. Christened in November 2017, Genting Dream currently sails from Hong Kong or Guangzhou. With the move, the 151,300-metric-ton cruise ship will tap new markets, calling at more than 10 ports in Singapore, Malaysia, Indonesia, Thailand and Vietnam. Significant…
New Towboat Delivered to Lorris G. Towing
M/V Cole Guidry, the newly designed Bollinger inland towboat, was delivered to owner Lorris G. Towing on December 16, 2016. The M/V Cole Guidry, designed and built by Bollinger Shipyards, is a 2,000 HP inland towboat measuring 80 feet by 36 feet with a 10-foot draft. The vessel is powered by three Caterpillar C18 Tier 3 engines rated at 670 HP each, supplied by Louisiana Machinery. The reduction gears are Twin Disc Model MGX517ODC with a ratio of 6:1.
Shipowner OSG, Former CFO, Charged over Tax Evasion
The U.S. Securities and Exchange Commission said it charged on Monday shipping conglomerate Overseas Shipholding Group (OSG) and its former chief financial officer…
US Aims to Prevent China from Taking Territory in International Waters
The new U.S. "I think the U.S. is going to make sure that we protect our interests there," White House spokesman Sean Spicer told a news briefing. Spicer was responding to a question as to whether Trump agreed with comments by his Secretary of State nominee, Rex Tillerson, on Jan. 11 that China should not be allowed access to islands it has built in the contested South China Sea. Tillerson's remarks…
South Carolina Container Volumes Climb 5%
South Carolina Ports Authority reported a 5.4 percent increase in 20-foot equivalent unit (TEU) volume fiscal year to date, with 1,029,450 TEUs handled since the period began in July.
RSC Bio Solutions Expands
RSC Bio Solutions recently announced the addition of several key team members in the business development and sales departments in a continuing drive to support its growing client base. The company also announced a new market-oriented organizational structure with two focused teams around the marine and land markets. “Deeper segment experience and knowledge will support our growth objectives and our…
Danelec ECDIS Products Receive Type Approval
DNV GL has awarded a type approval certificate with EU Wheelmark for Danelec Marine DM700 and DM800 G2 ECDIS models. The type approval signifies that the products…
Regulating Polar Shipping
International Maritime Organization (IMO) Secretary-General Kitack Lim today (23 January) spoke to delegates at the Arctic Frontiers conference about new regulations for ships operating in polar waters. With more and more ships navigating in polar waters, IMO has addressed international concern about the protection of the polar environment and the safety of seafarers and passengers with the introduction of the Polar Code, which entered into force on 1 January this year.
Dynagas LNG Declares Cash Distribution
Dynagas LNG Partners LP, an owner and operator of LNG carriers, has announced that its Board of Directors has declared a cash distribution of $0.5625 per unit on its Series A Cumulative Redeemable Perpetual Preferred Units for the period from November 12, 2016 to February 11, 2017. The cash distribution is payable on or about February 13, 2017 to all preferred unit holders of record as of February 5, 2017.
Star Bulk Carriers Raises $51.5mln
Star Bulk Carriers Corp announced the execution of agreements with affiliates of Oaktree Capital Management, L.P. and Senator Investment Group LP to sell Oaktree and Senator an aggregate of 6,310,272 of its common shares, at a purchase price of $8.154 per share. The private placement, which is scheduled to close by early February 2017, is expected to result in aggregate gross proceeds to Star Bulk of approximately $51.5 million.
Teekay LNG Completes Norwegian Bond Issuance
Teekay LNG Partners has successfully issued NOK 300 million (USD 35 million) in new senior unsecured bonds through an add-on to its existing Norwegian bonds due in October 2021. All payments will be swapped into a US dollar fixed-rate coupon of approximately 7.75%. The net proceeds from the bonds are expected to be used for refinancing of existing bonds and/or general partnership purposes, which may include funding installment payments on future newbuilding deliveries.
EU Council Adopts Port Reform
On 23 January, the Council of Ministers adopted the Port Regulation, which concludes the procedure at first reading. The European Parliament voted on 14 December 2016. The legal act will be signed by both institutions in mid-February and published in the EU Official Journal a few weeks later. It will enter into force 20 days after its publication. The principles set out in the Regulation will apply 2 years after the entry into force.
Armada Ship Sailing for Australian Waters
On a frosty and unseasonably sunny Galician morning, the crew of Spanish Armada ship F-105 ESPS Cristóbal Colón, embarked with a detachment of five Royal Australian Navy personnel, departed the historic Naval station of Ferrol, bound for Australia. Australian Defence Attaché to Southern Europe, Captain Ray Leggatt and the Commander of the Naval Action Group One, Rear Admiral Spanish Armada, Alfonso Perez de Nandares, farewelled the frigate under the command of Commander Ignacio Cuartero Lorenzo.
MASS continues to support Maritime Anti-piracy Operations
The European Council has extended the mandate for European Union Naval Force Somalia (EU NAVFOR) - Operation ATALANTA - until 31 December 2018, which means Cohort company MASS will continue to provide the Classified Mission Network for the enduring Operation. Operation ATALANTA was launched in December 2008 to contribute to the deterrence, prevention and repression of acts of piracy and armed robbery off the Somali coast.
On-demand Water Taxi for Sydney's Bay Precinct
A pair of newly launched 12m ferries, Cockle Bay and Blackwattle Bay, are the first vessels in a new class of small low impact ferries that respond to a need for transport to serve Sydney’s rapidly developing Bays Precinct. Designed by Incat Crowther for low capital and operating cost, the vessels also generate extremely low wash. The size of the vessel was selected to perform the role of a water taxi…
Change of CEO, Chairman of Viking
As previously communicated, The Board of Directors of Viking Supply Ships AB in December 2016 appointed Mr. Trond Myklebust as Chief Executive Officer (CEO). Mr. Myklebust has now taken on the responsibilities as CEO of Viking Supply Ships AB, as well as the subsidiary Viking Supply Ships A/S. As intended, Mr. Bengt A. Rem has been reinstated as Chairman of the Board of Viking Supply Ships AB. Mr. Folke Patriksson has returned to his previous position as Deputy Chairman.
Hill Dickinson to operate as single entity in Hong Kong
International law firm Hill Dickinson has announced that its application to operate as a single entity in Hong Kong has been approved by the Law Society of Hong Kong following the completion of a three year period of association with a local Hong Kong firm, as required by local regulations. Currently operating as Hill Dickinson Hong Kong LLP in association with Laracy & Co, the transition will marry the two firms together as one single Hong Kong firm under the name Hill Dickinson Hong Kong…
Navig8 Acquires Seventh LR2 from Guangzhou Shipyard
Navig8 Product Tankers Inc. today announced that it has taken delivery of the Navig8 Gladiator, a 113,000 DWT LR2 tanker from Guangzhou Shipyard International Company Limited (“GSI”), formerly CSSC Offshore & Marine Engineering (Group) Company Limited. The Navig8 Gladiator is the seventh of eight vessels contracted at GSI to be delivered to the Company and is the seventh vessel to be delivered under…
Idwal Marine launches Online Ship Inspection Platform
Idwal Marine has launched the shipping industry’s first cloud-based online platform to provide instant quotations and deliver reporting for complete vessel condition, pre-purchase and pre-charter inspection services. The online platform www.inspectmyship.com provides 24-hour access to a global network of ISO-certified ship inspectors worldwide and comprehensive vessel condition reports to help banks…
Novoship Celebrates 50th Anniversary
On January 19-20, 2017 Novorossiysk Shipping Company (Novoship), a subsidiary of SCF Group, hosted special events dedicated to the company’s 50th anniversary. The anniversary ceremony was attended by Victor Olersky, Deputy Minister of Transport of the Russian Federation, Head of the Federal Marine and River Transport Agency (Rosmorrechflot); Alexey Kondratenko, Member of the Federation Council of the Federal Assembly of the Russian Federation…