Marine link
 

Gill Nets

Alaskan Stabicraft Fleet Covers 18,000 Nautical Miles

659 Wheelhouse Fleet

The fleet of nine Stabicraft 659 Wheelhouse vessels delivered to Alaska at the beginning of the year have just completed their first 6 months of service. The vessel orders came at a special request from Saltwater Inc, a private organization that gathers data on wild life and fish stocks for the Alaskan Department of Fish and Game and by the National Marine Fisheries Service. The boats were sent to the US in semi assembled form from Stabicraft Marine’s Invercargill factory in New Zealand, where once in the US, went through final assembly and fit out before being launched in May. Saltwater Inc have been using the vessels this past northern hemisphere summer as observation boats to monitor the gill net fishery and the fishery’s interaction with sea mammals and sea birds. Saltwater Inc Vessel Manager, Chris Denker says that since launch the boats and their two man crews have been running consistently at least 4 days a week and have covered around 2000 nautical miles each. “In the Alaskan fishery, fishing begins at 12:00pm on Sundays. On a perfect weather day, crews can depart around 09:30 for the roughly 2-hour transit to the fishing grounds. At around 20 knots, the vessels are covering a lot of ground on a daily basis,” says Denker. Daily operational duties include transiting 40 to 45 nautical miles to active fishing grounds, working in close proximity to fishing vessels


Burger Boat Delivers R/V Arcticus

R/V Arcticus (Photo courtesy of Burger Boat Company)

Burger Boat Company delivered the R/V Arcticus, a 78-foot research vessel for the United States Geological Survey (USGS), on Friday, October 17, 2014. The Arcticus replaces the 38-year-old R/V Grayling and brings the USGS Great Lakes Science Center (GLSC) large vessel fleet up-to-date. The Arcticus will be stationed at the USGS base in Cheboygan, Michigan and incorporates modern marine standards and state-of-the-art technology to more safely and effectively conduct fisheries research.


Earnings Down for Most Oil Companies

Many oil companies reported a decrease in net income for the second quarter, compared to the previous year's results, although - in most cases - the second quarter still outperformed the first. While the decreases ranged in percentage, only a few companies' results were virtually unchanged from the previous year's performance. However, higher crude oil prices resulted in many companies' exploration and production net income actually increasing over the previous year.


Sunken B.C. Ferry Report to be Released September

The Transportation Safety Board hopes to have its final report on the sinking of the B.C. Ferries vessel Queen of the North ready by September, the National Union of Public and General Employees reported. Officials with the board are apparently anxious to establish a faster standard for issuing major reports by getting this one out within six months rather than waiting a year or longer to complete its work, as has often happened in the past


Transocean 4Q Revenue Up

Henry Goodrich Courtesy Transocean

Transocean Ltd. Reports Fourth Quarter And Full Year 2015 Results:- Revenues were $1.85 billion, up from $1.61 billion in the third quarter of 2015; Operating and maintenance expenses were $794 million, down from $880 million in the prior period; Adjusted net income was $615 million, $1.68 per diluted share, excluding $4 million of net unfavorable items. This compares with $316 million, $0.87 per diluted share, in the third quarter of 2015, excluding $5 million of net favorable items


Moore Stephens: UK 2016 Budget to Impact Shipping, Offshore Sectors

Moore Stephens tax partner Gill Smith.

UK Budget 2016 provides surprises for shipping and radical measures for offshore maritime sector. Leading accountant and shipping adviser Moore Stephens says the UK Budget 2016 contains a number of surprise developments which are likely to be of interest to the shipping sector, as well as a radical set of measures which it is hoped will assist the offshore maritime oil and gas sector.    The Government announced a further reduction in the rate of corporation tax


Transocean Sedco Forex Reports Third Quarter 2001 Earnings

Transocean Sedco Forex Inc. announced that net income for the three months ended September 30, 2001 was $97.6 millionon revenues of $770.2 million. Net income for the quarter included a net after-tax gain totaling $7.5 million, resulting primarily from the sale of two Nigerian-based land rigs and the disposal of an inland drilling barge. Excluding the net after-tax gain, net income for the three months ended September 30, 2001 was $90.1 million


Stealthgas Reports 2Q Results

Stealthgas Inc., a ship-owning company serving the liquefied petroleum gas (LPG) sector of the international shipping industry, announced its unaudited financial and operating results for the quarter and six months ended June 30, 2007. For the quarter ended June 30, 2007, net revenues amounted to $19.9m and net income was $5.7m an increase of $2.7m or 15.7% and an increase of $1.1m or 23.9 percent respectively from net revenues of $17.2m and net income of $4


Lakes Limestone Trade Down

Cleveland—Shipments of limestone on the Great Lakes totaled 3.5 million net tons in November, a decrease of six percent compared to both a year ago and the month’s five-year average. Demand is waning in light of the deteriorating economy. However, lack of adequate dredging impacted those stone cargos that did move in November. A large U.S.-Flag tug/barge unit that has carried nearly 35,000 net tons of stone in a single trip averaged only 31


WESMAR to Introduce New Trawl Systems

385_500_300_180 Khz sleds web.jpg

WESMAR (Western Marine Electronics) announced today they will introduce two new trawl systems and five new sled options at Pacific Marine Expo in Seattle November 20-22 at Century Link Field Event Center. The TCS785 and TCS 385 trawl systems, with sled options, will be on display in Booth 933 along with WESMAR’s line of hull mounted sonar and commercial bow thrusters.  Rolling out its largest group of trawl sonar options in its 50-year history


China COSCO to Post Profits for Q1

MV. COSCO LONGBEACH Photo:  China COSCO Holdings Company Limted

Boosted by an improving market and cost savings from a recent merger, China’s COSCO Shipping Holdings expected to report a profit in the first-quarter, says a report by Reuters.   In a stock market statement the  world's fourth-largest container shipping line said that it expects


Shark Fins Found Aboard Chinese Vessels

File Photo: © Greenpeace

 Shark fins have been discovered on two Chinese fishing vessels during a joint surveillance conducted by Greenpeace and Guinean fishery authorities.    One of the vessels also had illegally altered fishing nets on board, while a third Chinese vessel was caught using illegal nets


Seanergy Bags Time Charter for Capesize Bulker

Photo: Seanergy Maritime Holdings Corp

 Seanergy Maritime Holdings Corp has entered into a time charter contract (T/C) with a major European charterer, for one of its Capesize dry bulk vessels, for a period of about 18 months to about 22 months.    The T/C is for the 180


Diana Prices USD 70 mln Public Offering

Photo: Diana Shipping Inc

 Diana Shipping, a global shipping company specializing in the ownership of dry bulk vessels,  announced that it has priced its previously announced underwritten public offering of 17,500,000 common shares, par value US$0.01 per share, at a price of US$4.00 per share.   


Seadrill Could Be Heading for Bankruptcy

Photo: Seadrill Limited

The oil rig owner SeaDrill could be forced into bankruptcy protection soon, if it fails to reach a restructuring agreement with its lenders, reports Reuters.   The rig firm, controlled by John Fredriksen, is battling with $14 billion in debt and liabilities.  


ZIM is Back to Profit in Q4 2016

Photo: ​ZIM Integrated Shipping Services

 ​ZIM Integrated Shipping Services Ltd (ZIM) generated a net profit of $4.6 million and adjusted EBITDA of $43.9 million in Q4 2016, a significant improvement over Q3 2016.   ZIM carried 2.4 million TEUs in 2016, a 5.2% increase compared to 2015 ZIM continued to record improved results


Shipping Woes: DVB Bank Posts Loss

Pics: DVB Bank

 Shipping Financier DVB Bank reported a consolidated net loss before taxes of EUR 135.3 million ($142.4 miln) for 2016 (previous year: consolidated net income of EUR 46.1 million).    Since DVB Bank SE, the parent company of the DVB Bank Group


DHT Sells 18-year-old VLCC for $19.1 Mln

Crude oil tanker owner and operator DHT Holdings, Inc. said it has entered into agreement to sell the 1999-built very large crude carrier (VLCC) DHT Phoenix for $19.1 million.   The 18-year-old tanker has just completed a “highly profitable” one year time charter at $45


Myanmar Study Looks at Port Data Exchange

Photo:  International Maritime Organization (IMO)

 A feasibility study looking into the possible expansion of the Northeast Asia Logistics Information Service Network (NEAL-NET) has been undertaken in Myanmar, as part of a project co-funded by  International Maritime Organization (IMO) and China.   


BMT Secures RoPax Ferry Design Contract

Photo: BMT

BMT Group subsidiary BMT Nigel Gee (BMT) said it has secured a new project to design an 85-meter steel-hulled catamaran RoPax ferry for Strategic Marine, a subsidiary of Triyards Holding Limited. The ferry is for Scottish ferry operator Pentland Ferries


CMA CGM Returns to Net Profit in Q4

File photo: CMA CGM

CMA CGM, the world's third-largest container line, swung back to a net profit in the fourth quarter of last year, supported by a recovery in freight rates and efficiency measures taken during a prolonged downturn in shipping, the company said.  


DryShips Completes Common Stock Offering

File Photo: DryShips Inc

 DryShips Inc. has successfully completed the previously announced $200 million common stock offering, in which the Company raised net proceeds of $198 million, pursuant to the prospectus supplement filed on February 17, 2017.   Following the completion of the offering


DP World’s Net Income Exceed USD 1 Bln for First Time

DP World London Gateway. Photo: DP World

 Dubai-based port and terminal operator DP World announced strong financial results from its global portfolio for the twelve months ending 31 December 2016, despite “significant challenges” in the industry.   On a reported basis, revenue grew 4


ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May.


Songa Bulk Buys Kamsarmax Pair

FIle Photo: Logimatic

 Songa Bulk has sealed two more bulker acquisitions as its fleet. According to a report in Reuters, the company entered into an agreement to acquire two kamsarmax bulk carriers built in 2008 at tsuneishi japan (82,107 dwt) and 2011 at hyundai samho korea (81,502 dwt).  






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