Navios Maritime Acquisition Corporation Inks Sale and Leaseback Pact
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that it has completed a $71.5 million sale and leaseback agreement for four MR2 product tankers. The proceeds have been used to extinguish $69.25 million of indebtedness. The Agreement provides for 24 quarterly payments of $1.5 million each plus interest at LIBOR plus 305 bps per annum. Navios Acquisition has an obligation to purchase the vessels at the end of sixth year for $35.8 million.
Port of Rotterdam Freight Throughput Falls in 1Q
In the first quarter of 2018, 1.2% less freight passed through the Port of Rotterdam than in the same period last year. In total, 117.8 million tonnes were handled against 119.3 million tonnes in the same period in 2017. The fall mainly concerned the throughput of coal, iron ore, scrap and crude oil. In contrast, the growth in container throughput continued to increase significantly (+6.1% in TEU, +4.6% in tonnes). The throughput of mineral oil products increased, particularly distribution.
Russian Maritime Register of Shipping Visits ACSC
Azerbaijan Caspian Shipping Company (ACSC) held a meeting with Konstantin Palnikov, the General Director of the Russian Maritime Register of Shipping (RS), which is one of the well-known classification societies. During the meeting, the current state of cooperation between ACSC and RS was discussed. Chairman of the Shipping Company Rauf Veliyev informed the guests about the work carried out in the Shipping Company for the last 4 years.
American Waterways Operators Responds to Senate
On Wednesday, the U.S. Senate rejected legislation - Vessel Incidental Discharge Act (VIDA) - that would have simplified regulatory oversight of vessel discharges. The Coast Guard Authorization Act of 2017, due to inclusion of the Vessel Incidental Discharge Act (VIDA) within the bill, failed by three votes to reach the 60 votes needed in the United States Senate to end debate and move to a vote on final passage.
New DOP Dredger Series from Damen
Damen Dredging Equipment has launched a new DOP Dredger Series following the success of the DOP submersible dredge pump, which has proved its versatility across the globe. Damen has built more than 20 DOP dredgers on a one-off basis and at least 380 DOP pumps. The DOP submersible dredge pump has been such a great success over the last 25 years because of its simple concept, which is based on a well-proven dredge pump…
IMO Trains Iranian Officials
Iranian officials responsible for implementing IMO standards on air pollution and greenhouse gas emissions from shipping are undergoing IMO training at a national workshop in Tehran, Islamic Republic of Iran (18 April). Around 30 participants from the country’s Ports and Maritime Organization (PMO), Department of Environment and numerous ports are taking part. They are being trained on the IMO treaty…
IACS Chairman Unveils Future Vision
Quality, modernisation and transparency have been the three fundamental themes of the International Association of Classification Societies (IACS) during DNV GL’s Chairmanship, and this approach is widely reflected in IACS’ 2017 Annual Review which was presented in London today by IACS Chairman Knut Ørbeck-Nilssen. Looking back at IACS’ development and successes over the past year, Mr Ørbeck-Nilssen said that during these dynamic times…
US Navy to Commission Amphibious Transport Dock Ship Portland
The Navy will commission its newest amphibious transport dock, the future USS Portland (LPD 27), during a 10 a.m. PDT ceremony Saturday, April 21, at the Port of Portland, Marine Terminal 2 in Portland, Oregon. Deputy Secretary of Defense Patrick M. Shanahan will deliver the ceremony's principal address. Bonnie Amos, wife of the 35th Commandant of the Marine Corps, retired Gen. James F. Amos, serves as the ship's sponsor.
Silver Ships Debuts Demo Fire and Rescue Boat
Silver Ships, Inc. said it has collaborated with industry vendors to create an aluminum demonstration fire/rescue boat.Designed and manufactured for firefighting and rescue applications, the vessel will be used to showcase the capabilities and craftsmanship of Silver Ships along with participating vendors, whose parts and components enhance the mission-ready abilities of the vessel.Steven Clarke, co-owner at Silver Ships…
Golar LNG Enters Preliminary Deal for BP FLNG
Golar LNG Limited announced it has entered into a Preliminary Agreement and exchanged Heads of Terms (HoT) for an FLNG vessel for phase 1A of the Greater Tortue / Ahmeyin field…
US Coast Guard Offloads $13.3 Mln Drug Haul
The U.S. Coast Guard offloaded $13.3 million worth of suspected heroin and cocaine and transferred custody of two suspected smugglers to authorities in San Juan Tuesday, following a recent interdiction in the Caribbean Sea off Puerto Rico.The crew of a patrolling Customs and Border Protection Caribbean Air and Marine Branch (CAMB) maritime patrol aircraft initially detected a 30-foot go-fast vessel…
UK Court Orders Russian Oligarch to Hand Over Superyacht in Divorce Fight
A Russian billionaire has been ordered by a court in London to hand over a 350 million-pound ($500 million) superyacht to his wife as part of Britain’s biggest-ever divorce battle.Justice Haddon-Cave at the High Court ruled that Farkad Akhmedov, 62, had used evasive and underhand tactics to keep the yacht beyond the reach of the English courts and avoid paying his wife, Tatiana Akhmedova, 41.The 377-foot "Luna" was bought by Akhmedov in 2014 from fellow Russian oligarch and Chelsea football club
Freeport LNG Delays Start of Texas Export Terminal
Freeport LNG, a privately held U.S. liquefied natural gas company, said on Thursday it pushed back the projected start date for its $13 billion export terminal under construction in Texas by about nine months to around Sept. 1, 2019.Freeport LNG now expects the first liquefaction train to enter service around Sept. 1, 2019, with the second and third trains seen in service around Jan. 1 and May 1, 2020…
Norwegian Bliss Delivered in Germany
Norwegian Cruise Line has taken delivery of the 168,028-gross-ton cruise ship Norwegian Bliss from shipbuilder Meyer Werft during a ceremony in Bremerhaven, Germany, marking the conclusion of an 18-month building period.Norwegian Bliss is the third vessel in the line’s Breakaway Plus class and the first cruise ship specifically designed for Alaska cruising.The ship features a two-level competitive electric-car racetrack that sits at the top of deck 19…
Wärtsilä: Maintenance Pact for Viking Grace
Wärtsilä and Viking Line signed an Optimized Maintenance agreement for the Wärtsilä LNGPac system onboard passenger ferry Viking Grace, significant in that it is the first Optimized Maintenance agreement ever made for Wärtsilä LNGPac, a complete gas handling system for ships fueled by liquefied natural gas (LNG). Viking Grace was the first passenger ferry to useLNG as a fuel source. The agreement also includes Condition Based Maintenance (CBM) and online support for the Wärtsilä LNGPac system.
Gladding-Hearn Begins Rhode Island Ferry Build
Massachusetts based shipbuilder Gladding-Hearn Shipbuilding, Duclos Corporation, said it has begun building a second high-speed passenger ferry for Rhode Island Fast Ferry, Inc., scheduled to be delivered in 2019.The new 320-passenger, all-aluminum catamaran will operate on a new seasonal route between Quonset Point, R.I. and Block Island.The newbuild follows the 2012 delivery of Ava Pearl, the operator’s first high-speed catamaran built by the Somerset…
Bulk Carriers: Capesize Rates Surge
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, jumped 7 percent for the second straight day to a six-week high, perked up by surging capesize rates. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, gained for the ninth straight session and was up 77 points, or 6.9 percent, at 1,201 points - highest level since March 9. The percentage jump is the index's biggest since November 2017.
Runaway Barge Sinks in the Ohio River
Divers are working to pinpoint the location of a runaway barge that sank in the Ohio River near Cairo, Illinois, on Wednesday.The U.S. Coast Guard said the missing…
Zero-emission Vessel Future of The Fjords Delivered
Norwegian tourist vessel owner and operator The Fjords has taken delivery of an innovative newbuild that sets high marks for environmentally friendly passenger transport.The new 42-meter-long carbon fiber all-electric catamaran, Future of The Fjords, is the first vessel of its kind to offer completely emissions-free transport through the Western Norwegian landscape. Starting in mid-May, the 400-passenger…
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