Marine link
 

Expand Fleet

Bisso Marine Acquires Derrick Barge

Bisso-Marine_web.jpg

Bisso Marine has added the D/B Bisso 350 derrick barge to its expanding fleet. Built to service the offshore industry, the revolving D/B Bisso 350 will be used for salvage, offshore construction and diving operations. The vessel has three load blocks: 350 mt (385 st), 150 mt (165 st) and 12 mt (13 st). “The D/B Bisso 350 is a solid addition to our fleet, increasing our capabilities and expanding the level of our services,” said President and Chief Executive Officer W.A. “Beau” Bisso IV. The vessel is eight-point moored and has dimensions of 250 x 78 x 18 ft. It can accommodate 52 people. Formerly named Anna 4, it was purchased from Hapo International Barges of Rotterdam and is class certified by Lloyd’s Register. It flies the Panamanian flag and will be in worldwide service. The addition of the D/B Bisso 350 increases the Bisso Marine derrick barge fleet to a total of six derrick barges. (www.bissomarine.com)


Laborde Diesel Generators Help Power Energy Giant

Photo: Laborde Products

Effective wastewater treatment and liquids processing is essential to energy production, pipeline and refining operations, both offshore and onshore. To help ensure efficient, reliable power for its fleet of equipment, the Water Treatment Services division of Greene's Energy Group recently chose custom generators packaged and installed by Laborde Products. Laborde customized four new 40 kW diesel generators for placement in SEPCo-certified


Vinalines Plans to Expand Fleet

Vinalines plans to expand its fleet of ships so it can transport 2.6 million tons of cargo by 2010 A company official said Vinalines would continue to invest in building new seaports in Dinh Vu, off the northern port city of Hai Phong, in Quang Ninh Province; Hiep Phuoc in HCM City; Cai Mep-Thi Vai in Ba Ria-Vung Tau Province, in addition to Vung Tau container port. The company is aiming for an average cargo capacity of between 50-55 million tonnes at each of its ports by 2010.


Euroseas to Expand Fleet to 11 Vessels

Euroseas Ltd., an owner and operator of drybulk carriers, container ship and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that it has signed a Memorandum of Agreement to purchase the M/V Clan Gladiator, a Handysize container ship of 30,007 dwt and 1,742 teu built in 1992 in Germany for $25.7 million. The vessel is scheduled to be delivered to Euroseas around June 11, 2007, at the sellers' option


Globus Maritime Expands Fleet to Seven with Supramax Delivery

Globus Maritime Announces the Delivery of the Supramax "Sun Globe," Expanding Fleet to Seven Vessels.   Globus Maritime Limited ("Globus" or the "Company"), (NASDAQ: GLBS), a dry bulk shipping company, announced that it has taken delivery of the M/V "Sun Globe," a 2007-built Supramax dry bulk carrier it acquired for a purchase price of $30.3 million, which the Company had previously announced in March 2011.  


Oman Shipping Invests in Counter-Piracy Measures

Government-owned Oman Shipping Company (OSC) has invested in a number of measures to secure its expanding fleet of ships against piracy attacks Capt Andrew Boyce, Senior Manager Safety & Marine, Oman Ship Management Company, informed delegates on the second day of the TransOman Conference at the Grand Hyatt Muscat the measures — although expensive — are a necessity to ensure the security of the country’s national fleet, now boasting 36 ships worth nearly $3 billion


Tsakos Expands Fleet

Tsakos Energy Navigation Limited announced that it has taken delivery of two new vessels from Imabari Shipyards in Japan. The aframax Marathon was delivered on January 22, and immediately entered into an accretive repositioning voyage with a major South American oil concern. The panamax Maya, the first in a series of four new fully coated panamaxes, was received on January 24, and also immediately entered into an accretive repositioning voyage with a major Asian oil concern


Tsakos Releases 3Q Results

Tsakos Energy Navigation, the Greek oil tanker owner, recently reported better-than-expected third quarter earnings on an expanded fleet and a large capital gain. Net income for the third quarter ending Sept. 30 soared to $50m, or $2.61 per share, up from $44.5m, or $2.33 per share, in the previous year. The third quarter included capital gains of $31.8m compared to capital gains of $13.3m in the previous year. Sales rose to $122.5m up from $115.2m a year ago.


Genco to Acquire 16 Supramax Vessels

Genco Shipping & Trading Limited (NYSE:GNK) announced that it has entered into an agreement with Bourbon SA to acquire 16 Supramax vessels, including two newbuildings, from Setaf SAS, a wholly owned subsidiary of Bourbon SA, for an aggregate purchase price of $545m. The acquisition is subject to the completion of customary documentation and closing conditions. Genco intends to retain 13 of the vessels, 12 of which are expected to be delivered to Genco in the third quarter of 2010


USN Announces Innovation Awards Program

Logo

  Across the Department of the Navy our talented Sailors, Marines and civilians are continually creating innovative solutions to our most complex problems. Ray Mabus, Secretary of the Navy, wants to recognize the top naval innovators in our workforce today and inspire future innovators to continue developing their bold ideas for the future. The SECNAV Innovation Awards Program seeks to recognize top DON individuals or teams who made significant innovative achievements in Calendar Year


Demand for Chemical Tanker Fleet Looks Up

Graph:  Drewry Shipping Consultants Limited

Demand for methanol and vegoil will moderately support global seaborne trade causing the shipping fleet trading in chemicals and vegoils to expand, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry.


Small Vessels Boost LPG Freight Rate: Drewry

Graph: Drewry Shipping Consultants Limited

 Vessel oversupply will persist in the LPG shipping market for the next two years, keeping freight rates under pressure across most size segments. However, the small vessel segment is the only category where fleet growth will be minimal, leading to a recovery in rates


Safe Bulkers Expands Fleet

Photo: Safe Bulkers, Inc.

 Safe Bulkers, in its Q1 financial results annoucements said that with the latest addition of Pedhoulas Rose, its fleet has increased to 38 dry bulk vessels. In January 2017, the company took delivery of Pedhoulas Rose (Hull No. 1146), a 82,000 dwt, newbuild Kamsarmax class vessel. 


Gulf Petrochem Sets Up Russian & Baltic Trading Desk

Boris Kuftyrev (Photo: GP)

Gulf Petrochem Group (GP) has further strengthened its European bunkering division by establishing a Russian and Baltic trading desk within the Rotterdam office. Boris Kuftyrev has been appointed to manage this desk overseen by Chris Todd in Europe’s largest bunkering port, Rotterdam.


Nordic American Tankers Expands Fleet to 33 Vessels

Photo: Nordic American Tankers

 Armed with $120m from the placement, Nordic American Tankers  (NAT) has contracted to increase its fleet from 30 to 33 vessels, enhancing its potential for both higher earnings and dividends.   The Company will have a fleet of 30 trading vessels in early 2017


New Satellite Communications System For Workboats

OmniCom (Photo: McMurdo)

McMurdo has announced a new global satellite communications system, McMurdo OmniCom, the first in a family of products that will be rolled out over the next six months to provide complete worldwide fleet management and vessel monitoring solutions for the workboat


Four Post Panamax Cranes Arrive in Savannah

Boskalis vessel Teal transports four new ship-to-shore cranes up the Savannah River past historic River Street to Garden City Terminal at the Port of Savannah. Photo Georgia Ports Authority Stephen B. Morton

Four new Super Post Panamax ship-to-shore cranes arrived at Garden City Terminal yesterday, bringing the Port of Savannah's total to 26, more than any other terminal in the U.S.   "For customers, it means the capacity to move up to a thousand containers per hour across a single dock at


ISS Expands Business with Team Tankers International

Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has greatly expanded its European business with Team Tankers International with a new port agency contract across the region.   Under the new agreement with the chemical tanker specialist


Gulf Navigation forms JV with Polimar Turkish

Photo: Gulf Navigation Holding

 Dubai-listed Gulf Navigation Holding has announced a partnership with Polimar Turkish Holding to grow its fleet and increase its global reach. Under the agreement, Gulf Navigation said it would be able to serve customers in major trading ports worldwide.  


Vessel Oversupply to Continue in Chemical Shipping

Graph: Drewry Shipping Consultants Limited

 Chemical shipping vessel supply on major routes has been in surplus with many newbuilding deliveries and swing tankers flooding the market. As a result, freight rates on long-haul routes will continue to be challenged by surplus large vessels over the next two years


Oversupply Pressure on LPG Shipping Rates

Graph: Drewry Shipping Consultants Limited

 The LPG shipping trade will continue to grow at a healthy pace on the back of strong Asian demand, but fleet growth will outpace it, keeping rates under pressure in 2017, according to the latest edition of the LPG Forecaster, published by global shipping consultancy Drewry.  


Algoma, Nova Marine Form JV

Pic:  Algoma Central Corporation

 Canada-based Algoma Central Corporation  and Switzerland's Nova Marine Carriers SA  have announced that they are exploring an expanded partnership that is expected to lead to the creation of a global company specializing in short-sea dry bulk shipping.    


New Tug for Vane Brothers

Fishing Creek (Photo: Vane Brothers)

Vane Brothers has taken delivery of the 3,000‐horsepower Fishing Creek, the 13th Maryland-built tugboat to join the Baltimore-based company’s expanding fleet in the last 10 years.   Designed by Frank Basile, P.E., of Entech Designs, LLC


ABS Published FSRU Development Guidance

ABS has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels.   “ABS has developed this industry-leading guidance based on extensive experience with the classification of LNG carriers


New ABS Guide Advances Industry FSRU Development

Depiction of the world’s first Floating LNG Liquefaction, Regasification and Storage Unit (FLRSU). FIle Photo: Marinelink

 ABS, a leading provider of classification and technical services to the marine and offshore industries, has published the ABS Guide for Building and Classing LNG Regasification Vessels, outlining guidance for classing LNG regasification vessels.  






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright