Kalani Hit With Lawsuit on Top Ships
An investigation has been launched on behalf of investors of Top Ships into the company’s dealings with Kalani Investment. Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of Top Ships from January 17, 2017 through August 22, 2017, inclusive. The lawsuit seeks to recover damages for Top Ships investors under the federal securities laws.
Korea to Establish Maritime Promotion Corporation
Korea Maritime Promotion Corporation (KMPC), a dedicated support organization for the shipping industry, will be established in Busan in June of next year with capital of 5 trillion won (US$4.5 billion), reported BusinessKorea. KMPC is set to offer financial and industrial policy support, in order to reform and upgrade the shipping industry in Korea, in response to the Hanjin Shipping bankruptcy. At Seoul meeting of the ministers of economic affairs…
Wärtsilä to Provide Solutions to Six Feeder Vessel Newbuilds
The technology group Wärtsilä will supply an extensive range of products and solutions for six new 1160TEU container feeder vessels to be built at the Fujian Mawei shipyard in China. The project has been developed by MarLink Project Management GmbH in Germany together with various investors. This series of state-of-the-art container ships has been designed by German design office abh Ingenieur-Technik GmbH. There are options for a further six vessels.
Capital Product Bags 3 MR Charters
Capital Product Partners, an international diversified shipping company, announced that it has secured new time charter employment for three Medium Range (MR) Product Tankers. The M/T 'Amadeus' (50,108 dwt, IMO II/III Eco Chemical/Product Tanker built 2015, Samsung Heavy Industries (Nigbo) secured employment with Repsol Trading for one year (+/- 30 days) at a gross daily rate of $14,500. The charterer…
Marlins Approved Test Centres Open in Panama, Ethiopia
Marlins, V.Group’s training business, has approved two new test centres in Panama and Ethiopia. The test centre in Panama is the first Marlins approved test centre in Central America. The centres – E4Seafarers in Panama and Andromeda Marine Surveying and Consultancy PLC in Ethiopia will offer both Marlins UK Maritime and Coast Guard Agency (MCA) approved STCW testing and certification as well as English language testing.
NYK Distributes Digital Version of Safe Cargo Operation Guidelines
NYK has released a digital version of its “Essential-15” safe cargo operation guidelines for the high quality transport of dry bulk cargo. The new, multilingual version includes digital animations and replaces the previous version, which was a paper document. NYK has distributed the updated guidelines to about 180 NYK-operated bulk carriers through shipowners and ship-management companies. In 2015…
Brazil to Stop Beaching Ships in South Asia
Brazilian authorities plan to implement legislation to help prevent that vessels owned by exporters such as Petrobras and Vale wind up on South Asia's beaching yards, Bloomberg reported. The report said that earlier this month, authorities decided to develop a legal framework to ensure former Brazilian ships don’t end up with recyclers notorious for using dirty and dangerous methods, federal environmental watchdog Ibama said by email.
New US 7th Fleet Commander Arrives in Japan
Vice Adm. Phil Sawyer, commander of U.S. 7th Fleet, arrived in Yokosuka Aug. 25, after assuming command Aug. 23. Prior to arrival, he participated in the International Maritime Security Symposium hosted by the Indonesian Navy in Bali, Indonesia. A career submariner, Sawyer has extensive experience as a commander in the Indo-Asia-Pacific. His most recent assignment was deputy commander, U.S. Pacific Fleet in Hawaii. Before that, he was commander, U.S.
Keel Laid for Australia's New Antarctic Supply/Research Vessel
Construction of Australia's new Antarctic Supply Research Vessel (ASRV) has taken an important step forward with an official keel laying ceremony carried out at Damen Shipyards Galati, Romania. Damen is building the ASRV for Serco Defence on behalf of the Australian Department of the Environment and Energy. Damen Schelde Naval Shipbuilding in the Netherlands is responsible for engineering and project management, and Damen Shipyards Galati will perform vessel construction and outfitting.
Carnival Cruise Ships Blocked from Port by Hurricane Harvey
Carnival Corp said on Friday that three of its cruise ships are unable to return to the Port of Galveston, Texas, which is closed ahead of Hurricane Harvey. Two of the ships…
Residents Flee South Texas Ahead of Harvey
Residents fleeing most powerful storm on U.S. mainland since 2005. Businesses closed and lines of cars streamed out of coastal Texas as officials called for residents…
Port of Long Beach Achieves Record Pollution Reductions
The Port of Long Beach notched clean air records in its latest study of air pollution emissions, including an 88 percent reduction in diesel particulate matter, continuing more than a decade of air quality improvements. The first phase of the zero-emissions Long Beach Container Terminal opened on Pier E in 2016, helping to drive down the air pollution tallied in the Port’s annual Emissions Inventory, which was completed this week.
Chevron: Harvey Should Not Impact GoM Operations
Chevron Corp said on Friday it does not expect Hurricane Harvey to affect its U.S. Gulf of Mexico production. The company, which pumped on average about 128,000…
Trump Prohibits Dealings in New Venezuelan Government, PDVSA Debt
U.S. President Donald Trump signed an executive order prohibiting dealings in certain Venezuelan public sector debt on to pressure the government of President Nicolas Maduro to halt its "tyranny…
HMS Queen Elizabeth Sets Sail with Dellner Brakes
U.K. Royal Navy aircraft carrier HMS Queen Elizabeth arrived at her home port of Portsmouth last week, fitted with two Dellner Brakes ‘stopping, turning, locking’ (STL) systems that, weighing in at 11,000 kg each, are the biggest STL systems that Dellner Brakes has ever built. Each of the carrier’s two propeller shafts is fitted with a custom-designed Dellner Brakes STL system that allows operators to stop…
ST Engineering Buys US Rig Repair Assets
Singapore Technologies Engineering Ltd (ST Engineering) said it has acquired the rig repair assets of World Marine of Mississippi LLC (WMM) adjacent to its existing yard, VT Halter Marine, Inc.
MST, Reederei Indicted for Falsifying Pollution Records
The U.S. Justice Department announced a federal grand jury in Portland, Maine, returned a nine-count indictment today charging MST Mineralien Schiffarht Spedition…
Bulker Owner Fined for US Ballast Water Discharge
The U.S. Coast Guard said it has issued a $5,000 fine to the owners of a foreign freight vessel for unauthorized ballast water discharge into the Willamette River in Portland, August 16.
Ferus Smit Launches Symphony Spirit
On Friday, August 25, shipbuilder Ferus Smit launched newbuild 421, Symphony Spirit, in Leer. The 122.5-meter, 10,500 dwt Symphony Spirit is the fifth vessel in…
Baltic Index Edges Higher on Firmer Capesize Vessel Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, inched up on Friday, after declining for three-consecutive sessions, as rates for capesize vessels gained. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — was up 9 points, or 0.75 percent, at 1,209 points. The capesize index gained 73 points, or 3.13 percent, at 2,406 points.