L-3 Westwood has contracted AETI to develop custom-built, commercially oriented marine switchgear for the two separate projects totaling slightly more than $5 million. The end customers are VT Halter Marine, a domestic ship engineering and construction company in the , and affiliates of AHL Shipping Company, a petroleum product transportation company that provides double hull tankers to the domestic petroleum industry. L-3 will provide twin shaft line electric propulsion systems to affiliates of AHL Shipping Company for the building of three, shallow-draft, 49,000 deadweight ton Jones Act and OPA90-compliant chemical product tankers in connection with a charter agreement with Shell Trading (U.S.) Company (Shell Trading). The vessels will have a cargo capacity of 330,000 barrels. These vessels will also be the first Jones Act tankers to be constructed under the Common Structural Rules adopted by the International Association of Classification Societies, which came into effect in April 2006. AETI will work with L-3 to provide the propulsion power distribution systems along with the secondary power distribution systems. Deliveries for VT Halter Marine are expected to be completed by late-2008 and the multiple deliveries for AHL Tanker are scheduled for completion by the end of 2010. AETI will have recognized approximately $2.8 million in sales on these projects through the 3rd quarter of 2008
Meeting national transportation needs during the current decade should involve a surfeit of new contracts for our domestic shipbuilders. The Oil Pollution Act of 1990 (OPA 90) mandates double hulls for all vessels engaged in U.S. petroleum carriage. In our non-contiguous trades, renewal programs are needed for the replacement aging container and RoRo fleets. Moving freight containers and trailers on RoRo barges and vessels
Fire broke out on a Syrian ship in international waters off Cyprus, forcing its crew to evacuate before the vessel sank early on Monday, authorities in Cyprus said. Search and rescue coordinators said they had received distress signals from the Syrian-flagged Ahssan II on Sunday night that the ship was burning 62 nautical miles (115 kilometers) southeast of Larnaca. A Russian vessel in the vicinity responded to radio appeals for aid and saved the ship's crew. All 10 were reportedly picked up.
Wilhelmsen Ship Management (WSM) sold its affiliated company International Tanker Management (ITM) to V.Ships. International Tanker Management is based in Dubai, with offices in Hamburg, Germany, Singapore, and Houston, USA. ITM has approximately 45 vessels on technical management, from VLCCs to chemical tankers. The company was founded in 1998 as an affiliated company of Wilhelmsen Ship Management (formerly Barber Ship Management).
Ningbo, April 29, 2011 —— On the morning of 29 April, Sinopacific Shipbuilding Group, China’s leading private shipbuilding enterprise held the ship naming ceremony at its Zhejiang Shipyard for GPA696, the global first fabricated model of Offshore Support Vessel(OSV) built for France’s Bourbon Company. Afterwards, a sea trial event was also held for another global first fabricated OSV, the SX130
ATHENS, Greece, April 29, 2011 - Paragon Shipping Inc. (NYSE: PRGN), or the Company, a global shipping transportation company specializing in drybulk cargoes, announced today that it has completed the sale and delivery to Box Ships Inc., of both the Box Trader and Box Voyager, two 3,426 TEU high specification containership vessels built in 2010 in exchange for 2,266,600 shares of Box Ships common stock and approximately $69.2 million in cash. Box Ships Inc
American V. Ships, a full-service international marine transportation management and operations organization has been named the technical manager of three vessels to be chartered to the recently established Wallenius and Wilhelmsen joint venture, Wallenius-Wilhemsen Line. American V. Ships will continue managing 5,600-unit Faust and 5,600-unit Fidelio, which have been under its management and under U.S. flag since 1989, as well as another vessel, Tanabata, newly entered into U.S. registry.
V.Ships Agency and TBS Commercial Group are pleased to announce the formation of a Joint Venture in Brazil called V.Ships Lasa Agencies. The new JV, which combines the extensive 'local knowledge' of the LASA network in Latin America with the worldwide agency expertise of V.Ships Agency, will afford existing and future customers a new level of excellence in agency services throughout Brazil. This JV agreement was signed by Alberto Morales Managing Director of LASA Group and Rishi.K
Great Ship: MSC Linzie Ship Owner Mediterranean Shipping Co. S.A. Ship Builder Hanjin Heavy Industries & Construction Ship Type Containership MSC Linzie is the first vessel of a new vessel type developed and designed by Hanjin which adopts the new Panamax length design of 294.05 m. Apparently the design series and Hanjin's well-established reputation in this niche has proved attractive, as the company has, to date, logged orders for 24 ships of the new design.
The UK ship register has officially welcomed CMA CGM Andromeda on to the UK Ship Register this weekend, when she docked at Southampton. The vessel is the largest Container ship on the UK register at 131,332 GT, 11,356 TEU. Overall she is the second largest vessel on the Register with the Queen Mary 2 being the largest at 148,528 GT. CMA CGM Andromeda, owned by CMA CGM, 3rd worldwide shipping group, is also the world's first containership to be equipped with the "Fast Oil Recovery
The issue of biofouling has been under the microscope at a series of national workshops delivered by International Maritime Organization (IMO), most recently, a national workshop held in Antananarivo, Madagascar (25-27 April).
Norway’s DOF Subsea AS said it has purchased the remaining shares in Canadian Subsea Shipping Company AS. Before the transaction, DOF Subsea AS owned 45 percent of the shares in the company. Canadian Subsea Shipping Company AS has a newbuild vessel under construction at
U.S. Navy littoral combat ship (LCS) USS Jackson fired a missile against a simulated anti-ship missile during tests off the Southern California coast, April 22. The tests, part of a Combat System Ship Qualification Trials (CSSQT) event
Danish Maritime Authority (DMA) and the Federal Ministry of Transport and Digital Infrastructure (BMVI) signed a common agreement on safety standards for the carriage of passengers in the Flensborg Fjord. This agreement clearly defines the scope of safety standards to be met by passenger
Hyundai Heavy Industries (HHI) Group, the world’s largest shipbuilding group, announced today that it won 39 ships worth $2.3 billion for January – April period, which is the largest ship orders for the comparable period in three years.
A Russian ship which collided on Thursday with a Togo-flagged livestock vessel has sunk, Turkey's coastal safety authority said. It said all 78 personnel had been evacuated from the ship. The ship, identified as the "Liman", collided with the Togo-flagged "Youzarsif H"
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for an eight straight session on Thursday as rates for panamaxes and smaller vessels slipped, even as capesize rates strengthened.
Becker Marine Systems says it is continuing its successful entry into Asian countries such as China, Japan and South Korea, despite an ongoing crisis in the shipbuilding industry. Now the Hamburg-based company is opening a branch office in Kobe, Japan
A Russian naval intelligence ship sank off Turkey's Black Sea coast on Thursday after colliding with a vessel carrying livestock and all 78 personnel on board the navy ship were evacuated, Turkish officials said. The rescued crew members of the Russian ship Liman were in good health after
Norwegian Cruise Line took delivery of Norwegian Joy, the brand’s 15th ship and the first custom-designed for the Chinese cruise market, from Meyer Werft during an on board ceremony in Bremerhaven, Germany. The vessel is due to arrive in China in June.
The Wilhelmsen group has signed an agreement to acquire the technical solutions business from Drew Marine. “This acquisition offers a unique opportunity to enhance the scale and geographic reach of our marine products division,” said Wilhelmsen group CEO, Thomas Wilhelmsen.
A new liquefied ethylene gas carrier (LEG) was named on Teesside today. Operated by German shipping company Hartmann Reederei and GasChem Services, the new eco-friendly sea vessel GasChem Beluga will carry shipments of ethane gas from Houston to SABIC’s cracker at Wilton on Teesside
Maritime educators from Panama and Jamaica are taking part in an International Maritime Organization (IMO) training workshop to introduce the topic of energy-efficient ship operation into their teaching curriculums. The workshop, taking place in Panama City
The Navy will christen its newest Virginia-class fast attack submarine, the future USS Indiana (SSN 789), during an 11 a.m. EDT ceremony Saturday, April 29, at Huntington Ingalls Shipyard in Newport News, Virginia. Vice President Mike Pence
Hyundai Heavy Industries (HHI) has posted a net profit of KRW462.3bn ($409.6m) for the first quarter of 2017, making it the fifth consecutive quarterly profit for the group. This represents a surge of 90% from the previous corresponding quarter. However, sales fell 1.9 percent to 10