US Court Rejects Frontline's Bid to Stop BW-DHT Deal
A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen's Frontline to prevent BW Group from acquiring a major stake in rival oil tanker firm DHT Holdings, DHT said on Thursday. The New York County Supreme Court's decision means that privately-owned BW Group, led by shipping tycoon Andreas Sohmen Pao, can proceed with the sale of 11 very large crude carriers (VLCCs) to DHT in exchange for DHT's shares.
Iraq's Oil Exports Fall in April Amid Port Work, OPEC Cut
Oil shipments from Iraq's southern terminals have fallen so far in April, according to loading data and an industry source, reflecting a temporary drop in export…
BW Group Delivers First VLCC TO DHT
DHT Holdings, Inc. said it has taken delivery of the DHT Utik, the first of 11 very large crude carriers (VLCC) acquired from BW Group Limited in exchange for DHT's shares. The delivery was made despite a last-minute effort by rival oil tanker firm Frontline to prevent the deal that will bring BW's ownership in DHT to 33.5 percent, surpassing Frontline as DHT's top shareholder. Frontline’s lawsuit was rejected in New York County Supreme Court.
Trump to Keynote Coast Guard Academy Commencement
The U.S. Coast Guard Academy will host President Donald J. Trump, who is scheduled to deliver the keynote address at graduation on Wednesday May 17. "Every commencement is a special occasion, but it is particularly memorable when the President presents our future leaders with their commissions,” said Academy Superintendent Rear Adm. James E. Rendon. The President traditionally addresses the graduating class at one of the federal service academies on a rotating basis.
Ampelmann Unveils the Icemann
Ampelmann, provider of offshore access to the energy industry, has unveiled its latest walk to work system which has been specially designed for operation in extreme cold conditions. The N-type, nicknamed Icemann, was officially launched in front of 200 guests on Thursday, April 20, in Rotterdam, Netherlands. Designed to safely and efficiently transfer crew in extreme icing and temperatures as low as -28C (-18F)…
Bollinger Delivers USCGC Benjamin Dailey
Bollinger Shipyards said it has delivered the USCGC Benjamin Dailey, the 23rd Fast Response Cutter (FRC) to the U.S. Coast Guard. The Coast Guard took delivery of the 154-foot patrol craft on April 20, 2017 in Key West, Fla. The vessel’s commissioning is scheduled for July 4, 2017 in Pascagoula, Miss. The 23rd vessel in the Coast Guard's Sentinel-class FRC program, USCGC Benjamin Dailey will be the first FRC to be stationed in the 8th Coast Guard District in Pascagoula, Miss.
New Venture Aims to Uproot Shipping’s Status Quo
With a belief that innovation in shipping has fallen well behind other sectors, new entrant into the maritime industry Nisomar has launched a range of services for ship owners, operators, brokers, charterers and financial institutions. Nisomar said it has pioneered a method of collecting global shipping data and created proprietary technology, based upon technology that generates highly accurate business-critical data.
Pat Folan Weighs in on All Things 'Tugboat'
Pat Folan is a partner in Daphne, Ala.-based Tug & Barge Solutions, a safety and compliance company that focuses on Subchapter M compliance for towing companies. The company also performs surveys of towing vessels and barges, manages safety management systems for towing companies and trains people on towing vessels and in offices. A professional mariner, for 27 years, he also operated towing vessels from Maine to Corpus Christi…
The Future (of Maritime) Care
For more than 15 years Christina Desimone has driven Future Care to be a transcendent maritime medical care enterprise. While the company fully embraces technology and the advent of telemedicine, it ventures far beyond traditional maritime medical solution providers, managing the logistics of effective and efficient mariner care from the beginning of the incident to its medical conclusion. As many global maritime sectors struggle to regain profitable footing…
Rickmers Sells Entire Containership Fleet to Navios
Owner and operator of dry bulk and container vessels Navios Maritime Partners L.P. said it has reached an agreement to acquire Rickmers Maritime’s entire containership fleet. The deal, worth about $113 million, will see Navios Partners acquire 14 container vessels from Rickmers Maritime though a wholly owned subsidiary, Navios Partners Containers Inc. Three of the container vessels are 3,450 TEU, and 11 are 4,250 TEU, combining for a total 57,100 TEU. The average age is 9.5 years.
Weak Gasoline Prices Prompts US-bound Tanker to Alter Course
A tanker of gasoline en route to New York Harbor from Europe has been diverted to a Caribbean storage hub because a narrow window of opportunity for shipping profitably to the U.S.
US Navy to Celebrate Earth Day
Performing missions at sea, on land and in the skies daily around the globe, the Navy is a constant presence in the environment. To emphasize stewardship on all fronts, the Navy workforce is taking part in Earth Day-related activities throughout the month of April. The official Earth Day date is April 22. The Navy's Earth Day theme for 2017 is, "Building Strength Through Stewardship." The theme emphasizes…
How Do Danish Ships Avoid Non-Conformities
Danish Maritime Authority (DMA) will be hosting meetings on port State control (PSC) inspections for shore-based and ship-based employees. The purpose is to engage in a dialogue on onboard safety and on how ships can prepare for PSC inspections. The meeting is an opportunity to exchange experiences gained from PSC inspections. Together we will discuss how to improve safety and, thereby, avoid non…
Australian Navy's Electronic Warfare Training
In a collaborative project with Australian industry, the Royal Australian Navy is extending its use of simulation to electronic warfare training. A common electronic warfare sensor suite is planned across the future fleet and future electronic warfare sailors need to have the advanced skills to meet upcoming demand. Minister for Defence Industry, the Hon Christopher Pyne said a contract signed with…
Merchant Navy Medal Award Nominations Open
The Merchant Navy Medal (MNM) has been awarded by the industry for meritorious service since it was established in 2005. Last year it was elevated to a State award, with presentations conducted by HRH The Princess Royal at Trinity House on 15 November. This year, the closing date for the receipt of nominations is Friday 19 May. Details of the awards ceremony will be promulgated in due course. Eligibility for the MNM is limited to those who have served…
MPA Trains Global Maritime Leaders
The MPA Academy – the training arm of the Maritime and Port Authority of Singapore (MPA) – in partnership with the Singapore Management University (SMU) and Human Capital Leadership Institute, has officially launched its 2nd Advanced Maritime Leaders’ Programme (AMLP). Taking place from 20 to 25 April 2017, the six-day programme will gather 19 senior maritime and port officials from all regions including, Africa, Asia, Caribbean, Europe, Latin America, Middle East and Oceania.
Diana Prices USD 70 mln Public Offering
Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels, announced that it has priced its previously announced underwritten public offering of 17,500,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share. The Company has granted the underwriters an over-allotment option for a period of 30 days from the closing of this offering to purchase up to an additional 2…
Supply Chain Advantages for Brazilian-European Trade
After the successful participation in Intermodal South America in Sao Paulo (Brazil), the port of Antwerp in collaboration with the local industrial and agricultural…
Piraeus Targets Cruise Sector
Piraeus Port, Greece's largest, aims to increase its cruise traffic from 1 million passengers a year up to 1.5 million in the short-term and to 3 million long-term, its managing director, Fu Cheng Qiu, said on Friday. COSCO Shipping, which owns the world's fourth-largest container shipping fleet, bought 51 percent of the port's operating company last year, and plans significant investment to turn the port into a transhipment hub for rapidly growing trade between Asia and Eastern Europe.
Shanghai Grapples with Traffic Congestion
The world's busiest container port, Yangshan in China's business hub of Shanghai, is battling severe congestion wrought by dense fog, higher-than-usual volumes and the aftermath of a shake-up in shipping alliances, ocean carriers and port officials say. More than 100 container vessels are now waiting outside the port, where the average waiting time at berth last week went up 6.2 percent, to 18.2 hours, versus the previous week, according to shipping software provider CargoSmart.