Cargotec's Global Competence Centre In Singapore
Cargotec will establish a global competence centre for container terminals development in Singapore. By establishing a competence centre close to customers in Singapore, Cargotec will further strengthen its ability to provide total solutions for its container terminal customers in the whole Asia-Pacific region. "Customer perspective is at the core of Cargotec's strategy. In order to better understand customer needs…
Hyundai Heavy $600M Order for LNG Carriers
Hyundai Heavy Industries, the world’s largest shipbuilder, won a $600 million order to build two 155,000 m3 LNG carriers, including an option for another same class vessel, from Greece-based Dynagas Ltd. These membrane-type LNG carriers are due for delivery in the second half of 2013. They will feature the Dual Fuel Diesel Engine System which allows the ship to run on oil fuel or natural gas. Due to tightening global regulations on carbon emissions…
New Appointment - SVP/CFO, Odfjell SE
Odfjell has appointed Mr. Terje Iversen as new SVP/CFO for Odfjell SE. He will start in this position not later than 1 September. Mr. Iversen is currently employed by the maritime industrial company Bergen Group ASA as CFO. Odfjell's present CFO, Haakon Ringdal, is appointed Executive Vice President in Odfjell SE. In this role he will act as deputy for the President/CEO. Source: Odfjell
Safe Bulkers $122.4M Credit Agreements
First Financing Arrangement of its kind between a Greece-Based Shipping Company and Japanese Governmental Financial Institutions Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into three credit agreements with Japanese governmental financial institutions amounting to US $122.4 million to finance the acquisition of three Japanese Post-Panamax class newbuild vessels.
NSRP Research Announcement to Solicit Proposals
On May 25, 2011, the National Shipbuilding Research Program issued Research Announcement (RA) 10-01. The RA is also published on the Federal Business Opportunities…
Wrecks of the World II: Evaluating and Addressing Potential Underwater Threats
Delegates and speakers from around the globe will converge on the Maritime Institute of Technology and Graduate Studies (MITAGS) in the Washington, DC area Linthicum Heights, MD) US to participate in the second Wrecks of the World conference being held June 6-7, 2011. This is a unique opportunity to meet with global experts to explore potentially polluting wrecks and recent incidents around the world.
Box Ships Takes Delivery Of Its Sixth Containership
Box Ships Inc., (NYSE: TEU), or the Company, a global shipping company specializing in the transportation of containers, announced today that it has taken delivery of the CMA CGM Marlin, a 5,095 TEU container vessel built in 2007, from a company owned by its Chairman, President and CEO, Mr. Michael Bodouroglou. The CMA CGM Marlin has a fixed rate period time charter term expiring in three years (with the charterer option of plus/minus 45 days) with CMA CGM at a gross daily charter rate of $23…
Trailer Bridge Appoints Fernandez As CCO
Trailer Bridge, Inc. (NASDAQ Global Market: TRBR) today announced it has appointed Scott W. Fernandez as Chief Commercial Officer. Mr. Fernandez will be responsible for the Company’s sales and marketing efforts effective immediately, and be based out of the Company’s headquarters in Jacksonville, FL. He replaces Adam E. Gawrysh, Jr. who will leave the Company effective May 27, 2011. Mr. Fernandez joins Trailer Bridge after a 24-year tenure with Horizon Lines LLC…
BMT Achieves Strong Financial Results
BMT Group Ltd, the international design, engineering and risk management consultancy, announced today that it has achieved strong financial results, despite a difficult year for the global economy and the maritime industry in particular. A turnover of £142m provided the group with an underlying operating profit of £11m in the year to 30 September 2010, £5.8m of which has been distributed to the staff through the company’s profit share schemes.
GL Wins 4 Suezmax Tankers
"Nordic Apollo", "Nordic Cosmos" and "Nordic Moon" are now in service with GL classification, "Nordic Neptun" will follow soon. The four Suezmax tankers from Norwegian shipowner "Nordic American Tanker Shipping" (NAT) have been transferred to GL class. The contract was signed in early February in Norway. NAT is the world's third largest stock listed tanker operator. The company operates only modern double hull suezmax tankers.
ShipDecision Comprehensive Emissions Performance Reporting Module
ShipDecision Comprehensive Emissions Performance Reporting Module Developed in Conjunction with Canfornav Inc. Speaking today at the Green Tech conference organized by Green Marine, representatives from Canfornav Inc. and Stelvio Inc. described a new Maritime emissions reporting technology. Shipowner and Operator Canfornav sought to automate the collection of emissions performance data that the company reports annually…
AAPA Lauds Committment to Fix HMT Inequity
Chairman Mica's vision for reauthorizing the nation's surface transportation legislation goes beyond the traditional "highway bill" approach and is expected to address road, rail, transit and maritime for a comprehensive solution to many of the transportation problems the nation faces. The American Association of Port Authorities (AAPA) has urged the committee to include a maritime title in the transportation…
Northrop Grumman Maintenance Contract, Peter Döhle Ships
Northrop Grumman Corporation’s (NYSE: NOC) Sperry Marine business unit has been awarded a one-year contract by Peter Döhle Schiffahrts-KG (PDS-KG) and HAMMONIA Reederei (a joint venture between PDS-KG, HCI Capital AG and GE Transportation Finance, Inc.) to provide worldwide service and maintenance for more than 135 ships. Under the contract, Northrop Grumman Sperry Marine will be responsible for all shipboard service…
Converteam Delivers First 36MW Generator
Power conversion specialist Converteam has shipped the first of two massive 75 tonne, 36 Megawatt generators designed specifically to match the electrical power requirement of the propulsion motors for the Royal Navy's Queen Elizabeth Class (QEC) aircraft carriers. These are major components of the electrical system for the two new 65.000 tonne ships for which Converteam has designed the innovative Integrated Full Electric Power (IFEP) and propulsion system.
General Dynamics NASSCO $744M Contract
SAN DIEGO – General Dynamics NASSCO announced today that it has received from the U.S. Navy a $744 million modification to its Mobile Landing Platform (MLP) contract to fully fund construction of the first two ships of the new ship class. Construction of the first ship will begin immediately, with delivery to occur by the spring of 2013. The contract includes an option for the construction of a third MLP which, if exercised, will increase the total contract value to approximately $1.3 billion.
First Solar-Power-Assisted Vessel in Development
Nippon Yusen Kabushiki Kaisha (NYK Line; head office: Chiyoda-ku, Tokyo; president: Yasumi Kudo), Kawasaki Heavy Industries Ltd. (KHI; head office: Kobe-shi, Hyogo Prefecture; president: Satoshi Hasegawa), the Monohakobi Technology Institute (MTI; head office: Chiyoda-ku, Tokyo; president: Yutaka Yasunaga), and Nippon Kaiji Kyokai (ClassNK; head office: Chiyoda-ku, Tokyo; chairman and president: Noboru…
ASA Boot Electro New Offshore Systems Distributor
Leading UK manufacturer of NMEA2000® digital boat management products Offshore Systems has appointed a distributor in the Netherlands, ASA Boot Electro B.V. ASA will distribute Offshore Systems’ range of tank senders, gauges, sensors and display units. “The Dutch boat building sector is an important market for us,” explains Bruce Coward of Offshore Systems. Located just north of Amsterdam, ASA Boot Electro B.V.
Ecore: A Step Change in VLOC Design
Together with FKAB, TGE Marine, Cargotec and MAN Diesel & Turbo, DNV has participated in a joint industry project to develop Ecore, a Very Large Ore Carrier concept designed to lower fuel costs and improve loading efficiency. Based on existing technology, the Ecore concept represents a step change in VLOC design. Powered by two-stroke dual fuel ME-GI engines, this concept features a more ballast friendly hull shape…
Seanergy Maritime Charter Extensions
Seanergy Maritime Holdings Corp. (NASDAQ:SHIP; SHIP.W) announced today that it has entered into agreements with MUR Shipping BV to extend the time charter contracts for the Company’s Handysize vessel M/V African Oryx and its Handymax vessel M/V African Zebra, in direct continuation from the end of the minimum period of the previous charter parties of the two vessels. The charters have been extended for a period of 22 to 25 months…
FLAGSHIP Project Delivers Outstanding Results
On May 31st 2011 FLAGSHIP, a part EU-funded maritime transport project, will conclude having facilitated the research and development of no less than 10 new maritime solutions, from multiple European companies. All the new products and systems directly and indirectly improve the safety, environmental friendliness and competitiveness of European maritime transport – in precise alignment with the FLAGSHIP programme’s objectives.
