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First Year

ACL Announces Three Year Agreement for Employees and Teamsters Local 89

American Commercial Lines Inc. announced that the company has secured a three year agreement for its shipyard employees with the General Drivers, Warehousemen & Helpers (Teamsters), Local Union No. 89. The three year agreement, which was ratified by over 95% of the voters, provides for first year wage increases ranging from 5% to 18% for various job positions resulting in an overall average wage increase of approximately 11%.


O'Gara Wins Navy Satellite Deal

SatCom Group Holdings PLC, a reseller of mobile satellite communications, said its subsidiary O'Gara Satellite Systems Inc has won a 5-year contract, worth 10m in the first year, from the US government to supply satellite airtime to the US Navy. O'Gara, which is one of the five companies in the world certified as a Defense Information Technology Contracting Organization (DITCO) awardee, won the contract following a tender


Star Bulk Announces Charter

Star Bulk Carriers Corp. announced it has agreed to a further three-year time charter for its capesize vessel Star Sigma. The three-year charter will commence in April 2009 when the current one-year time charter at a gross daily rate of USD 100,000 will expire. The three-year charter has gross daily charter average rate of $63,000 staggered as follows: USD 69,000 for the first year (April 2009-April 2010), USD 63,000 for the second year (April 2010-April 2011) and USD 57


Star Bulk Announces Charter

Star Bulk Carriers Corp. announced it has agreed to a further three-year time charter for its Supramax vessel Star Gamma. The new three-year time charter to Korea Line will commence in February 2009 when the current one-year time charter to TMT, at a gross daily rate of USD 28,500, will expire. The new three-year charter with Korea Line has a gross daily average rate of $38,000 staggered as follows: USD 45,000 for the first year (February 2009-February 2010), USD 38


Northrop Grumman Awarded $58.4M Navy Contract

The U.S. Navy has awarded Northrop Grumman Corporation a $58.4m contract to continue life cycle engineering and technical services in support of the Navy's fleet of USS Ticonderoga (CG 47) class Aegis guided missile cruisers. The company's Ship Systems sector will perform the work in Pascagoula, and provide waterfront support in various U.S. Navy ports. This is projected to be a five-year program. The contract award is for the first year; four one-year options are to follow


Lockheed Martin Wins $17.4M Contract

Lockheed Martin Corp. won a $17.4 million contract from the Navy to support a program that oversees all technical products for submarine combat systems. Under the contract, Lockheed Martin of Bethesda, Md., will handle systems engineering, testing, integration and maintenance for Navy submarine combat systems, as well as new Virginia Class submarines. The contract, which is funded for the first year, includes options for up to 10 years


Panama Canal Practices Emergency Oil Spill Techniques

Oil spill emergency response teams gathered at the Panama Canal to attend the sixth International Mobilization, Preparedness & Response Exercise, held Dec. 4-6. During the event, the Panama Canal Authority (ACP) worked with various non-profits to test its emergency response system in affiliation with local and international organizations. MOBEX’s goal is to evaluate the Canal’s response mechanism for large oil spill accidents and measure the ACP’s ability to alleviate the


Exhaust Manifold Catalyst System Completes Trial on Tug

New V-CAT Manifold_092711-01.jpg

New Exhaust Manifold V-CATTM Catalyst System from MIRATECH Successfully Completes One Year Trial on Harbor Tug.   MIRATECH Corporation announces a successful first year demonstration of its new, patented V-CATTM Integrated Diesel Oxidation Catalyst System on a vessel powered by two EMD 12-645 roots blown diesel engines in service in California. MIRATECH Corporation, in partnership with Foss Maritime Company, has now successfully completed the first year of a three-year program to


Foss’ New Ice Class Ocean Tug Christened

The Nicole Foss with Mount Rainier in the background (Photo: Foss)

 Foss’ New Ice Class Ocean Tug Christened   Nicole Foss, the final of Foss’ three new state-of-the-art Arctic Class tugs designed to operate in the extreme conditions of the far north, was christened last week at the Foss Waterway Seaport in Tacoma, Wash.    The vessel was built at the Foss Rainier, Ore. shipyard and will enter service this summer.   Foss president and CEO John Parrott made opening remarks


Odfjell, Ceres To Merge Chem Tanker Fleets

Norway's Odfjell ASA and Greece's Ceres Hellenic Shipping will merge their chemical transport assets to create the world's largest fleet of clean tanker tonnage. The transaction, a combined $360 million investment, will create a combined fleet of 92 ships, of which 49 would be wholly or partly owned, company officials said. Odfjell will issue 4.9 million shares to Ceres, worth about $121 million, in exchange for nine chemical tankers totaling 335,000 dwt and four ships totaling 160


AHHI Insures 1,900 Vessels in First Year

Photo: American Hellenic Hull Insurance

 Cyprus-based American Hellenic Hull Insurance (AHHI) surpassed key targets during its first year of operation: 1,900 insured vessels, written premium income exceeded $10 million and covered 35 million GT on 100% basis, said a press statement.  


Expanded Panama Canal Celebrates First Anniversary

Photo: Panama Canal Authority

 The Panama Canal commemorated the one-year anniversary of the inauguration of its Expanded Canal, one of the most significant milestones in the history of the 102-year old waterway and a defining moment for the people of Panama and the global maritime industry.  


Singapore May Marine Fuel Sales Fall

Image: Maritime and Port Authority of Singapore

 The port of Singapore recorded its first year-on-year decline in bunker sales of 2017 during the month of May, according to preliminary estimates released by the Maritime and Port Authority of Singapore (MPA).   According to Reuters report


In Demand: Hoegh LNG’s Sveinung Stoehle

The business model: Hoegh LNG president and CEO, Sveinung Støhle. Photo: handout

Satisfied with the recent opening of a new floating LNG import terminal in Turkey plus contract successes in Africa and Asia, Hoegh LNG CEO and president, Sveinung Stoehle, cautiously lets us into his stylish Oslo offices for a bit of “disclosure”


Navios Acquires Capesize Vessel

 Navios Maritime Partners, an international owner and operator of dry bulk and container vessels, announced on May 9 that it has agreed to acquire one 2011 South Korean-built Capesize vessel of 179,016 dwt for a purchase price of $31.05 million.  


Largest Ship To-date Transits Expanded Panama Canal

The COSCO Development transiting the Panama Canals Cocoli Locks, making it the largest vessel to transit the Expanded Canal. (Photo: Panama Canal Authority)

The 13,092 TEU Neopanamax containership COSCO Development, which measures 366 meters in length and 48.2 meters in beam, today became the largest vessel both in dimension and capacity to transit the Expanded Panama Canal since it was inaugurated in June 2016.  


TUMSAT: More than a Rowing School

Ananya Surangpimol (Photo: Alan Haig-Brown)

Philippine-born Ananya Surangpimol won a prestigious scholarship to Japan in 1971 and, after a year of intensive Japanese, entered Tokyo University of Fisheries, one of the first Asian women to do so in a former all-male imperial university. There she completed a master’s degree in food


NOAA Honors MOL

Pics: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines (MOL)  is pleased to announce that the United States National Oceanic and Atmospheric Administration's (NOAA) Channel Islands National Marine Sanctuary has honored MOL with an award for the company's participation in the 2016 Vessel Speed Reduction (VSR) incentive


Poland has Natgas Exports 'understanding' with U.S.

File Image (CREDIT: AdobeStock / Fotmart)

Poland's desire to cut natural gas imports from Russia has led to an "understanding" with the United States to work toward a deal to export liquefied natural gas to its new Baltic Sea terminal, the country's deputy prime minister said on Wednesday.  


Lockheed Martin Backs UK Cyber-Training Initiative

The British arm of U.S. defence major Lockheed Martin said on Friday it would back a UK government initiative to train students in cyber security to combat a growing skills gap in the area. Through the UK government's CyberFirst initiative


ICTSI Manila hits 2M TEU

Awarding of commemorative plaques (from left)  Captain Li Qinghua, SITC Osaka Vessel Master; Huang Ping, SITC Import Assistant Manager; Mr. Gonzalez; Mr. Quan; and Carmelo Tejero, SITC Senior Operations Manager. Photo ICTSI

The Manila International Container Terminal (MICT), International Container Terminal Services, Inc.’s (ICTSI) flagship operation and the Philippines’ largest container terminal, capped 2016 with a milestone as it reached its first year-to-date two millionth TEU move last December.


Polar Protection : New Ship Regulations come into force

Antarctic  -Milestone for polar protection as comprehensive new ship regulations come into force Photo IMO

With more and more ships navigating in polar waters, IMO has moved to address international concern about the protection of the polar environment and the safety of seafarers and passengers with the introduction of new regulations that all ships operating in these harsh and challenging waters must


East-West Shippers See First Increase in Contract Rates

Graph: Drewry Shipping Consultants Limited

 Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a closed user group of 50 multinational retailers and manufacturers who closely monitor their contract freight rates.


Task Group Sails to Bass Strait

HMA Ships Adelaide, Melbourne, Newcastle, Parramatta, Gascoyne and Huon leave Sydney Harbour to take part in Exercise OCEAN RAIDER, one of the Royal Australian Navys largest maritime warfare activities. Photo: Royal Australian Navy.

 Warships, submarines and aircraft from all over the country are converging on Bass Strait for the final week of Exercise OCEAN RAIDER, one of the Royal Australian Navy’s largest maritime warfare activities.   HMAS Adelaide lead six ships south from Sydney


Task Group Training Begins Off NSW Coast

HMAS Parramatta (154) leaves Sydney Harbour to take part in Exercise OCEAN RAIDER, one of the Royal Australian Navys largest maritime warfare activities. Photo: Royal Australian Navy

 One of the Royal Australian Navy’s largest maritime warfare exercises has begun in several locations off the New South Wales coast.   Exercise OCEAN RAIDER involves 11 warships and submarines, aircraft and more than 1,500 personnel from Australia and the United States in a three






 
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