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Ocean Shipholdings

Ocean Shipholding Security Ops Agreement

The Maritime Administration has approved the award of a new Maritime Security Program operating agreement to Ocean Shipholdings, Inc., a U.S. citizen-owned company.  The new agreement, MA/MSP-108, provides for the operation of the product tanker Baltic Mariner in the MSP.  Under the agreement, the vessel is required to re-flag under U.S. documentation and employ U.S. citizen merchant mariners. In addition to other specific commercial and military criteria, Ocean Shipholdings qualified for the award based on its status as a U.S. citizen-owned company as defined in Section 2 of the Shipping Act of 1916.


First LNG Containership Receives ME-GI Engine

Photo: TOTE

Late last month, NASSCO engineers placed the world’s first dual-fuel slow speed engine into the World’s First Liquefied Natural Gas (LNG) powered containership. The ME-GI engine represents the next generation of technology that will open the door to a cleaner and safer shipping industry, particularly in the United States. Doosan Engine built the 8L70ME-C8.2GI under license from the designer MAN Diesel and Turbo. The engine weighs 539 tons.


Sustainable Ocean Summit 2013

Photo: World Ocean Council

The Sustainable Ocean Summit 2013 (SOS 2013), organized by the World Ocean Council (WOC), is an international ocean business community gathering dedicated to industry leadership and collaboration in developing solutions to ocean sustainability challenges. Washington D.C. - April 22-24, 2013 The theme of SOS 2013 is “Oceans 2050–The Ocean Business Community and Sustainable Seas.” The SOS is designed for the diverse range of ocean industries: shipping, oil and gas


The Sustainable Ocean Summit set for Singapore

(© Silke Stuckenbrock/Silke Photo 2008/Marine Photobank.)

 “Sustainable development” has gone from buzz word to business imperative in the two decades since the initial Earth Summit in Rio de Janeiro in 1992. Companies are increasingly evaluated on how well they address sustainability as a critical measure of their commitment to the triple bottom line – people, planet and profit.  Stakeholders expect companies to develop sustainability and corporate responsibility programs and reporting as part of efforts to take up civil


Ocean Economy Set to Double in Size by 2030

Image: Organisation for Economic Co-operation and Development (OECD)

 The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010.   "Calculations based on the OECD’s Ocean Economy Database value the ocean economy’s output (measured in terms of the ocean-based industries’ contribution to economic output and employment) in 2010 at USD 1.5 trillion, or approximately 2.5% of world gross value added (GVA)


Crowley Christens New Ocean Class Tugboat

Photo: Crowley

Crowley christens new ocean class, DP2 tugboat, Ocean Sun, in Louisiana As part of the company's new vessel build program, Crowley Maritime Corp. christened the latest of its four tugboats in the ocean class series, Ocean Sun, today in Lake Charles. The ceremony served to formally welcome the fourth dynamic positioning 2 (DP2) tugboat to the company’s expanded ocean towing fleet, which has been involved in most of the major offshore oil production installations in the U.S


XPRIZE Opens Registration for $2M Ocean Health Competition

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XPRIZE announced that team registration is open for the $2 million Wendy Schmidt Ocean Health XPRIZE, a competition to incentivize breakthroughs in ocean pH sensor technology that will radically transform our understanding of ocean acidification. Teams are expected to come from diverse backgrounds, ranging from nanotechnology and biotechnology to industrial chemistry and marine science -- from academic institutions, nonprofit organizations and small and medium enterprises


Wendy Schmidt Ocean Health XPRIZE Offers $2 Million Award

XPRIZE announced the launch of its next major competition: the $2 million Wendy Schmidt Ocean Health XPRIZE. On the heels of the successful Wendy Schmidt Oil Cleanup XCHALLENGE, the Wendy Schmidt Ocean Health XPRIZE aims to spur global innovators to develop accurate and affordable ocean pH sensors that will ultimately transform our understanding of ocean acidification, one of the gravest problems associated with the rise in atmospheric carbon dioxide (CO2).


WOC Sustainable Ocean Summit in Singapore

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  The World Ocean Council (WOC) has announced its 3rd Sustainable Ocean Summit (SOS) to be held on 9-11 November, 2015 in Singapore. The SOS is the only international, multi-sector, business event dedicated to “Corporate Ocean Responsibility”. This first SOS to be held in Asia, the 2015 event is being developed in collaboration with stakeholders in Singapore, Hong Kong and responsible business leadership companies from around the world.


Public Comment Period Open

Charting the Course for Ocean Science in the U.S.: Research Priorities for the Next Decade The public comment period is now OPEN for Charting the Course for Ocean Science in the United States: Research Priorities for the Next Decade, a draft document that outlines the national ocean research priorities for the United States for the next ten years. All interested parties are encouraged to review the document and provide input during this 45 day public comment period (scheduled to close


Golden Ocean Adds Golden Keen

Photo: Golden Ocean Group

 Golden Ocean Group (GOGL) has announce that it has taken delivery of the last vessel, Q Keen (to be renamed Golden Keen), hence all 16 vessels are now delivered.    Golden Ocean has issued 1,050,000 consideration shares to Quintana Shipping Ltd


SolstadFarstad Wins Australian Contract

Image: Left - Far Senator, Right - Far Statesman. Photo: SolstadFarstad ASA

 Norway’s offshore vessel provider SolstadFarstad has secured a contract with Australian energy company Cooper Energy to support drilling operations within the Bass Strait region of Australia.   The contract consists of the  two anchor handling tug and supply vessels - Far


Yang Ming to Float 500 mln Shares

Photo: Yang Ming Marine Transport

 The Taiwanese ocean carrier Yang Ming Marine Transport will make a public offering of 500 million shares as part of the company's ongoing recapitalization plan, the Taiwanese ocean carrier said in a statement .  It will offer the shares to existing shareholders


Lundin Extends Contract for Ocean Rig

Image: Ocean Rig

 Ocean Rig UDW, contractor of offshore deepwater drilling services, has announced that Lundin Norway AS, has declared their third option to extend the existing contract of the Leiv Eiriksson.    In addition, Ocean Rig has granted Lundin 2 additional options to drill further wells


GOGL Adds Dry Bulk Vessel

Golden Shui. File Photo: Golden Ocean Group Ltd

 Golden Ocean Group (GOGL) says that it has taken delivery of one dry bulk vessel, Q Deb.   "GOGL announced that it has entered into agreements to acquire 16 modern dry bulk vessels in an all-share transaction where the Company will issue in aggregate 17


Dakuku Calls for Marine Ecosystem Conservation

Director, Nigerian Institute for Oceanography and Marine Research, Dr. Parcy Obatola, Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside, Norwegian Ambassador to Nigeria Jens-Petter Kjemprud and the representative of the Lagos state commissioner for Agriculture, Emmanuel Audu at the Regional Conference on Marine Safety and Fisheries Protection, in Lagos. (Photo: NIMASA)

The Director General of the Nigerian Maritime Administration and Safety Agency (NIMASA) Dr. Dakuku Peterside has stressed the need for concerted and collaborative efforts of all stakeholders toward the conservation and sustainable use of ocean resources for the protection of the environment and


Trump Administration Approves Eni Plan to Drill Offshore Alaska

Image of sea ice in the Beaufort Sea, acquired on 3 June 2017 by the Moderate Resolution Imaging Spectroradiometer (MODIS) instrument, on board the Aqua satellite. (Photo: NASA)

Eni US will become the first energy company allowed to explore for oil in federal waters off Alaska since 2015 after the Trump administration this week approved a drilling plan on leases the company has been sitting on for 10 years.  


Aumann Named CEO of Oman Drydock

Stephan Aumann (Photo: Oman Drydock Company)

Stephan Aumann has been appointed by ASYAD (formerly Oman Global Logistic Group) board of directors as the new CEO of the Oman Drydock Company S.A.O.C. in Duqm/Oman. Aumann assumed the role June 15 and replaced the former CEO Jin Han Lee (DSME)


Jeremy Nixon is CEO of ONE Ocean Network

Photo: Mitsui O.S.K. Lines

 The management of the new company,  Ocean Network Express Holdings (ONE) -  the joint venture between three Japanese shipowning societies Kawasaki Kisen Kaisha ("K" Linens), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kaisha (NYK) was unveiled.  


MOL Methanol Carriers Win Technology Awards

Methanol carrier the CAJUN SUN (Right). Photo: Mitsui O.S.K. Lines

 Mitsui O.S.K. Lines (MOL) announced that a series of three MOL-operated 50,000 DWT methanol carriers — the Taranaki Sun, Manchac Sun, and Cajun Sun - received the "Technology Special Prize" in the Ship of the Year 2016 awards sponsored by The Japan Society of Naval Architects


Ocean Conservancy Calls for Clean Arctic

Photo: Ocean Conservancy

 The following statement was issued by Sarah Bobbe, Arctic Program Specialist at Ocean Conservancy, at the conclusion today of the International Maritime Organization’s Marine Environmental Protection Committee meeting where member states supported a proposal to identify mitigation


Maritime Drives Ireland's Blue Economy

Photo:  Irish Maritime Development Office

 Ireland’s marine economy is outperforming Ireland’s general economy according to the latest Ocean Economy Report by the Socio-Economic Marine Research Unit (SEMRU) of NUI Galway, with shipping and maritime transport playing a key role in driving growth.  


Ocean Group Takes Delivery of First Damen Tug

Stan Tug 2608 (Photo: Damen)

Italian maritime service provider Ocean S.r.l. has welcomed its first Damen tug – a Stan Tug 2608 – into its fleet. The company, part of the Ocean-Team Group, will deploy the vessel in harbor towage operations in the ports of Monfalcone and Porto Nogaro in the northern reaches of the


IRClass: New Rules for LNG Fueled Coastal/Inland Vessels

Indian Register of Shipping (IRClass) has released new rules for liquefied natural gas (LNG) fueled coastal and inland vessels. The new rules, which come in addition to its already established rules for ocean going ships, aim to underscore the increasing importance of using cleaner fuels


Dryships Time Charter Contract for Newcastlemax Vessels

Image: DryShips Inc

 DryShips Inc., a diversified owner of ocean going cargo vessels, announced that it has entered into a time charter with a major coal and steel trader for its fourth and last of its 206,000 dwt Newcastlemax drybulk vessels.   The contract has a duration of about one year






 
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