Sovcomflot Ready to Buy Back up to $400 Mln of Eurobond-2023
Russia's biggest shipping company Sovcomflot says, according to Interfax news agency:The company is ready to buy back up to $400 million of Eurobond-2023, to finance it via new issue;The offer price is $1,072.25 per paper of a nominal price of $1,000;Sovcomflot plans to issue 7-year Eurobond, will hold calls with investors starting from April 14, Interfax cites a source.(Reporting by Moscow Newsroom)
Montreal Dockworkers Stage Partial Strike
Canada's manufacturers on Monday asked the federal government to curb a brewing labor dispute after dockworkers at the country's second largest port said they will work less this week.Unionized dockworkers, who are in talks for a new contract since 2018, will hold a partial strike starting Tuesday, by refusing all overtime outside of their normal day shifts, along with weekend work, they said in a statement on Monday.The Canadian Union of Public Employees (CUPE) Quebec's 1…
A Favorable Fetch for US Offshore Wind
Offshore wind caught a favorable gust with the 2020 election of Joe Biden, and the following breeze from the early 2021 reconfiguration of the U.S. Senate toward Democrats. Though widely touted as a growth engine for maritime businesses (as well as shoreside trades), the latter years of the Trump administration seemed to see delay after delay.The class society DNV has been involved in offshore wind since its outset in the early 1990s…
NOAA Adjusts Hurricane Season Outlook Averages
NOAA is updating its baseline numbers used for gauging hurricane season activity using more recent storm data.Once every decade, the agency revises its set of statistics used to determine when hurricane seasons are above-, near- or below-average relative to the climate record. Beginning with this year’s hurricane season outlooks, NOAA’s Climate Prediction Center (CPC) will use 1991-2020 as the new 30-year period of record.
Ship Strikes Kill Gray Whales in San Francisco Bay Area
Four dead gray whales washed ashore on San Francisco Bay area beaches in nine days, with experts announcing that two of the giant aquatic mammals died from ship strikes and an investigation is ongoing Saturday on the other two.Biologists with the non-profit Marine Mammal Center in California said in a release Saturday that two dead whales washed ashore in the Bay area on Thursday, joining two more that were discovered dead in area beaches since March 31.Of the four animals…
Boater Missing After Striking a Dredge on the Savannah River
A multi-agency search was called off on Monday after responders failed to locate a man that went missing in the Savannah River after his vessel collided with a dredge on Saturday.A good Samaritan contacted U.S. Coast Guard watchstanders on VHF Ch. 16 stating three people were in the water in the vicinity of Hutchinson Island after a recreational vessel allided with dredging equipment on Saturday at…
Bordelon Marine Announces Leadership Promotions
Lockport, La. based offshore support and subsea services provider Bordelon Marine said it has promoted Mike Belanger to chief operating officer and Chris Martin…
Golar LNG CEO Ross Resigns
Golar LNG said on Monday its chief executive officer Iain Ross has tendered his resignation, and the company will immediately start the process to recruit his successor.The…
Meyer Werft Opens Automated Shipyard Logistics Center
German shipbuilder Meyer Werft said it has commenced operations in its new automated shipyard logistics center, enabling the flow of goods to be managed completely automatically and bundled into one place.The investment in the new center with its fully automated high-bay warehouse for 25,000 storage units amounted to more than €35 million ($41.7 million) and took around two years to complete.The 30-meter high high-bay warehouse stores 25…
SAAM Towage Commences Operations in Peru
SAAM Towage has launched operations in Peru as the Valparaíso, Chile-based tugboat operator continues its growth plans in the Americas. “We are taking the first steps at the Port of Callao, which lets us provide better coverage on the southern Pacific coast,” said SAAM Towage managing director, Hernán Gómez. “We are interested in this market and foresee leveraging our broad network in the region. Our…
Castor Maritime Buys Secondhand Bulk Carrier
Cyprus-based shipping company Castor Maritime has purchased its ninth vessel of 2021.The Nasdaq-listed company said it paid $18.48 million through a separate wholly…
Ever Given Fiasco Illustrates Importance of the Shipping Container
Take a look around you.Perhaps you’re snacking on a banana, sipping some coffee or sitting in front of your computer and taking a break from work to read this article. Most likely, those goods—as well as your smartphone, refrigerator and virtually every other object in your home—were once loaded onto a large container in another country and traveled thousands of miles via ships crossing the ocean before ultimately arriving at your doorstep.Today…
Elliott Bay Design Group Names Ekse President
Naval architecture and marine engineering firm Elliott Bay Design Group (EBDG) said its board of directors has appointed Robert Ekse as president of the firm. Ekse will assume the position from current president and chief engineer, Brian King, who is retiring after 33 years of service. King will remain active in EBDG projects in a limited capacity, accepting the role as principal emeritus."Brian will be deeply missed…
Maersk Containership Diverts Due to Onboard COVID-19 Outbreak
The containership Maersk Athabasca has diverted to Vizhinjam, India due to a suspected COVID-19 outbreak on board while en route from Tanjung Pelapas, Malaysia to Colombo, Sri Lanka.Mediterranean Shipping Company (MSC) said Monday it was informed of the diversion by its partner Maersk. The Singapore-flagged Maersk Athabasca is deployed on MSC's elephant service, under Maersk and MSC's 2M Alliance.Maersk confirmed that several crew members have tested positive for coronavirus…
Meyer Werft Lays Keel for New Disney Cruise Ship
German shipbuilder Meyer Werft held a keel laying ceremony for Disney Wish, the first of three new Triton class ships for Disney Cruise Line.At approximately 144,000 gross tons and 1,250 guest staterooms, the cruise ship will be slightly larger than the Disney Dream and Disney Fantasy. It will be Disney's first vessel to be powered by cleaner burning liquified natural gas (LNG).The Disney Wish is scheduled to sail its maiden voyage in summer 2022.
Gondan Delivers Trawler to Engenes Fiskeriselskap
Spanish shipbuilder GONDAN has delivered the freezing stern trawler Magne Arvesen to be operated by the Norwegian company Engenes Fiskeriselskap A/S in Northern Atlantic and Artic waters.This new vessel, designed by Kongsberg Maritime – in charge also of supplying the main equipment – has a length of 69.9 meters and a beam of 16 meters. Built in steel with aluminum superstructure, the stern trawler will operate mainly in Northern Atlantic, Barents Sea and Svalbard waters.
Strategic Marine Launches Strat Cat CTV Design for Offshore Wind Market
Strategic Marine’s Strat Cat 27 (SC27) combines form with function to meet the increasing demands from the offshore wind industry and offers enhanced vessel capabilities with a reduced environmental footprint and hybrid drive options.“It is with great pleasure that we announce the SC27 following a close and collaborative approach with our design partner BMT. It is technically advanced with multiple upgrades and propulsion options providing excellent flexibility for our customers…
Astilleros Gondán Orders ABB Package for 10 Electric Ferries
Spanish shipbuilder Astilleros Gondán has tapped ABB to supply all-electric power solutions for ten fast 40-meter urban passenger ferries transporting up to 540 passengers each across Lisbon’s Tagus river.The contract comes a week after Astilleros Gondan said it would start building a series of 10 fully electric passenger ferries for the Portuguese river passenger transport operator Transtejo.The ten…
AXESS Networks Creates Commercial Maritime Business Unit
AXESS Networks (AXESS) has created a new business unit: AXESS Networks Maritime; a specialized business unit established to respond to the growing and sophisticated…
Survitec Completes $372M Refinancing
Survitec completed a $372M refinancing with funds managed or advised by the Credit Group of Ares Management Corporation.“Successfully concluding this financing demonstrates…
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