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Arlington Tankers Announces New Sub-Charter

Arlington Tankers Ltd. announced that Concordia Maritime AB of Sweden (Concordia) has entered into new two-year sub-charter agreements for Arlington's two V-Max tankers, the Stena Vision and Stena Victory. Concordia is the current time charterer for both vessels through 2009. The vessels are currently sub-chartered to Sun Oil International (Sun). The sub-charters with Sun are due to expire during 2007. The new sub-charter agreements are with Litasco, a subsidiary of the Russian energy company LukOil OAO, and will commence immediately upon expiration of the sub-charters with Sun and continue for a two-year term. During the term of these sub-charters, Arlington will continue to earn the guaranteed daily base charter hire from Concordia, which provides for a minimum of $36,075 per day per vessel in 2007, $36,882 per day in 2008, and $37,316 per day in 2009. In addition, under the profit sharing agreement between Concordia and Arlington, these new sub-charter agreements are expected to result in additional hire of approximately $4,000 per day per vessel during the term of the new sub-charters with Litasco, as compared to the current additional hire of $3,400 per day per vessel under the Sun sub-charters.


Japanese Submarine to Join Australia's Navy in Military Drill

Soryu-class submarine. Photo: Japan Maritime Self-Defense Force

 Soryu-class JS Hakuryu and two warfare destroyers will work with Australian ships near Jervis Bay as part of bilateral exercises, reports AAP.   The 4,000-ton Soryu-class stealth submarine JS Hakuryu, outfitted with a new lithium-ion battery propulsion system, will be joined by two JMSDF destroyers and two helicopters during the training exercise aimed to  “foster collaboration” and “improve tactical skills


Shipbuilding and Repair Presence Primorye

Far Eastern Center for Shipbuilding and Shiprepairing is being created in Primorye. The Primorsky Territory Administration hosted a meeting dedicated to this new center. RF President Aide Alexander Burutin and Primorye Vice-Governor Pavel Popov took part in the meeting dedicated to creation of OJSC, which was held in the Primorsky Territory Administration. As the Administration reports, this open joint-stock company (OJSC) will be a sub-holding within the United Shipbuilding


IMO Secretary-General Expresses Sadness at Tanzania Ferry Disaster

IMO_Logo.jpg

The Secretary-General of the International Maritime Organization (IMO), Efthimios E. Mitropoulos, has expressed his profound sadness for the loss of life in the sinking of the ro-ro ferry Spice Islander I off the coast of the United Republic of Tanzania on 10 September.    “We are shocked at the number of lives lost and have offered any help and technical assistance which may be required,” Mr. Mitropoulos said


Eastern Shipbuilding Delivers HARVEY DEEP-SEA

HARVEY DEEP-SEA

Eastern Shipbuilding Group, Inc. announced the delivery of the M/V HARVEY DEEP-SEA, the fourth of its Tiger Shark Class Offshore Support Vessels constructed for Harvey Gulf International Marine, LLC of New Orleans, LA.   The HARVEY DEEP-SEA was delivered July 19, 2013.  The vessel was launched at Eastern’s Allanton Facility in mid-December of last year.  The HARVEY DEEP-SEA is Eastern’s second Multi-Purpose Light Construction Vessel (LCV) for Harvey Gulf


Sub M 90 Program Underway

Dean Shoultz, MarineCFO Chief Technology Officer

MarineCFO Offers Vessel365 & Homeport365. Industry technology services provider, MarineCFO, has announced the “Sub M 90” Program commencing February 25, 2016 and terminating June 22, 2016. According to Tug & Barge Solutions, a Sub M consultant and MarineCFO partner, the Office of Management & Budget (OMB) received the Final Rule version of Sub Chapter M from United States Coast Guard on February 12, 2016


Global Maritime Promotes Thomassen

Espen Thomassen (Photo: Global Maritime)

Marine, offshore and engineering consultancy Global Maritime Consultancy & Engineering has appointed Espen Thomassen as Regional Manager for the Americas. Thomassen has been tasked with growing Global Maritime’s business throughout the region, which, in addition to Houston, includes offices in Brazil and Canada. He will also lead Global Maritime’s involvement in providing Sub Chapter M compliance services to inland waterways towing vessels throughout the US


Second Acquisition for Triton Group Underlines Growth Strategy

Triton Group announced has acquired Sub-Atlantic Limited. Triton Group is backed by Houston-based private equity company, SCF Partners and supported by Royal Bank of Scotland (RBS). Formed earlier this year, Triton Group aims to create a group of companies focused on providing state-of-the-art remote intervention and control technologies and services. This deal comes hot on the heels of the group’s acquisition of Perry Slingsby Systems (PSS).


Ocean Offshore's 'Island Pioneer' Chartered

SCV Island Pioneer: Photo courtesy of Island Offshore

Island Offshore has agreed a new 2-year contract for the SCV Island Pioneer with Ocean Mexicana SA de CV. The sub-sea construction vessel (SCV) has been working for OM since delivery in April 2006 and the new contract will run in direct continuation with the current contract. Island Pioneer is of P101 Ulstein Design and is equipped with DP II, a 140 ton offshore crane and accommodation for 87 persons. The vessel will perform a variety of subsea and light construction work during this


Terex to Automate Ports of Auckland's Straddle Carrier Fleet

Terex Port Solutions is supplying an automated solution with straddle carriers for the first time. 27 fully automated Terex N SC 644 E straddle carriers will be shipped to Auckland by mid-2019. They will be used in New Zealand to manage the container stackyard and for serving trucks. The picture shows an artist’s impression of automated straddle carriers of the same size.

Terex Port Solutions (TPS) is for the first time automating a straddle carrier fleet for Ports of Auckland Ltd. (POAL) from New Zealand. By mid-2019, TPS will supply a total of 27 new, fully automated N SC 644 E (1-over-3) machines to work in the container stackyard and to serve trucks. At the same time, 21 existing manual straddle carriers are being upgraded so that they can work hand in hand with the 27 fully automated machines


CMA CGM Signs Pact with Port of Kribi (Cameroon)

Photo: CMA CGM

 The CMA CGM Group is pleased to announce that on July 25, 2017, the official signing ceremony for the concession agreement of the new container terminal was held in Kribi, Cameroon, chaired by the Minister for Transport, Edgar Alain Mébé Ngo’o.  


Workshops Address Burning Issues in a Changing World

LinkedIn Article - NEXT GENERATION Workshop - Southampton UK - October 2017 v1.jpg

 A series of one day NEXT GENERATION Workshops are being held 'back to back' at the Grand Harbor hotel and conference venue overlooking the historic port of Southampton, U.K., October 24-26, 2017.   The NEXT GEN program combines a group of dynamic international presenters with panel


Libya Coastguard Rescues Nearly 300 Migrants at Sea

Libya's coastguard rescued an estimated 278 migrants including women and children on Monday off the shores of two different towns west of the capital Tripoli, a spokesman said. The coastal towns to the west of Tripoli - Zawiya, Sabratha, and Zuwarah - are common departure points for migrants


Oil Spill Response Workshop in Senegal

Photo:  International Maritime Organization (IMO)

 The use of oil spill dispersants, which can be used to break down an oil slick into smaller droplets as part of response efforts, is the subject of a workshop taking place in Dakar, Senegal (17-20 July).   Participants from 11 countries (Benin, the Congo, Côte d’Ivoire


APM Terminals Mumbai Adds New Arabian Gulf/Mediterranean Direct Service

Photo: APM Terminals Mumbai

 French based CMA-CGM, a member of the Ocean Alliance, began the new INDIAMED service to Mumbai with the arrival of the 5,009 TEU capacity CMA CGM Virginia at APM Terminals Mumbai.    The service, linking South Asia with ports in the Arabian Gulf and Mediterranean


GoM Rigs Evacuated ahead of Storm Cindy

Image: NOAA National Hurricane Center

Facing incoming Tropical Storm Cindy, offshore oil and gas operators in the Gulf of Mexico have begun evacuating platforms and rigs as the storm moves north-westward toward the U.S. Gulf Coast.   Data from offshore operator reports submitted to the Bureau of Safety and Environmental


J.P. Morgan Raises Distressed Shipping Fund

Photo: JP Morgan

 J.P. Morgan Global Alternatives has closed a $480 million fund to invest in distressed shipping assets, attracting capital from pensions, endowments and insurance companies, reports Financial News London.   The Global Maritime Investment Fund II


RIBCRAFT Delivers Two Tour Boats

Photo: RIBCRAFT

 Rigid inflatable boats (RIBs) manufacturer RIBCRAFT announced the recent deliveries of two USCG Sub Chapter T Certified Tour Boats to customers in Hawaii and Florida.    The two certified 30’ RIBCRAFT 9.0s – one to the Four Seasons Hualalai Resort in Hawaii and one to


CMA CGM Launches INDIAMED

Map: CMA CGM

 CMA CGM has announced the launch starting July 2 of its new service between the East Mediterrane an, Djibouti, Arabian Gulf, Pakistan and India. The service is one of the fastest between these strategic zones and connects CMA CGM hubs in the Mediterranean and the Arabian Gulf.  


Craig Joins Teekay Offshore Board

Teekay Offshore Partners L.P. announced that Ian Craig has accepted an invitation to join Teekay Offshore's Board of Directors, effective June 6, 2017.   Craig has served in various executive positions in Shell, most recently in Nigeria where he was Executive Vice President for Sub-Saharan


First Steel Cut for Australia's New Polar Research Ship

Photo: Damen

Marking the commencement of construction of the Damen Antarctic Supply Research Vessel (ASRV), a steel cutting ceremony has been held at Damen Shipyards Galati, Romania. Damen is constructing the ASRV for Serco Defence, a wholly owned subsidiary of Serco Australia who, in turn


Briggs Marine Expanding in Liverpool

Photo: Briggs Marine

 U.K. marine contractor Briggs Marine is expanding in the North West of England with new water-side facilities in Port of Liverpool.   The 500 sq m building will allow Briggs to offer a greater range of services, and will assist the company in further developing its offering in


ICTSI Terminates Nigeria Port Project

Photo: International Container Terminal Services

 International Container Terminal Services (ICTSI) subsidiary Lekki International Container Terminal Services LFTZ Enterprise (LICTSE) has given up on its Nigerian port project due to delays in its execution, reports Nikkei.   LICTSE and Lekki Port LFTZ Enterprise (LPLE) have mutually


VLCC Rates to Stabilise as Owners' Resolve Stiffens

File Image: CREDIT EuroNav

VLCC's likely to struggle to break even for next two months; three-tier VLCC market weighs on sentiment.   Freight rates for very large crude carriers (VLCCs) are likely to become steady around the current levels as owners resist charterers' attempts to pull down hire rates with the


Harvey Gulf Grows Fleet, Inks Long-term Contracts

Image: Harvey Gulf

As vessel many vessel operators are stacking vessels and reducing fleet size, Harvey Gulf International Marine said it has signed four non-cancelable, long-term contracts for stacked vessels and has taken delivery of two new vessels, as well as redelivery of a vessel reconfigured for subsea






 
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