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Takes Two

AEP MEMCO LLC Doubles Headquarters

AEP MEMCO, a dry cargo barge operator will be growing its business in a new Class A office building emerging at Chesterfield Village in Chesterfield, Mo. AEP MEMCO LLC will more that double the size of its headquarters by taking two floors in the five-story, 100,600-sq. ft. Central Park Square Office I being developed by Sachs Properties. AEP MEMCO, based at Chesterfield Village since 1995, will occupy 42,000 square feet when the new building opens next year. The start of Central Park I marks the 40th anniversary of Chesterfield Village and opens the next chapter – Downtown Chesterfield – in the 1,500-acre development. Downtown Chesterfield will include a second six-story, 150,000-square-foot office structure and four pedestrian-oriented retail buildings totaling 26,000 square feet. AEP MEMCO employs 1,100 people nationwide, including 115 at it current headquarters. Knoy anticipates adding another 35 employees after the firm occupies its new headquarters taking shape on a 20-acre site in the 16000 block of Chesterfield Parkway West. The company currently operates out of 18,000 square feet of space in the Roosevelt Building at 16090 Swingley Ridge Rd.


Stena Bulk, Concordia Team to Order 10 Chemical Parcel Tankers

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As shipyards around the world struggle for business, Stena Bulk and Concordia Maritime confirmed an order of up to 10 in-house designed chemical tankers. The ships will be built at Guangzhou Shipyard International (GSI) in China with deliveries beginning from spring 2014. When delivered, the 50,000-dwt vessels will be the most sophisticated in the Stena Bulk and Concordia Maritime fleet. The value of the order is $400 million if all ten ships are declared


Capesize Momentum Likely To Continue Through End Of Year

The momentum in the Capesize shipping markets is likely to continue across the next month, shipping brokers said. However, continued rate strength in the New Year will depend on sentiment concerning Bocimar's intentions for the vessels it has on short term charters coming up for renegotiation from February. Current optimism in rates being maintained is based on recent timecharter fixtures of $20,500 a day for a modern bulk carrier East and $17,600 on a return trip to Europe, a broker said


Graig Group Secures Orders For Bulk Carriers

Cardiff-based Graig Group has secured seven firm orders for its modern double-hull ultra handymax Diamond 53 bulk carrier. Graig has ordered two Diamond 53's from Shanghai's New Century yard, Athens-based Thenamaris has taken two Graig orders from the same yard, and Scandinavian interests have confirmed, through Graig, three orders at Shanghai's Chengxi yard. First deliveries will begin in January 2005. A total of nine options have been granted by the two shipyards.


GAC Mersey Installs UK Offshore Platform

Conwy Platform: Photo credit GAC

GAC Shipping UK completes the successful installation of the Conwy platform 40 miles off the port of Liverpool in good time The successful installation was completed only two months after a tug carrying the rig's jacket and topside - each weighing in at over 700 MT - set off from Rotterdam. GAC's Liverpool office was appointed by Dutch heavy civil engineering company HSM Offshore BV to provide an integrated package of support services to construct and hook-up the platform.


Mississippi Mishap: Bridge Allision Triggers 2-Year License Defense

© Joe Sohm / Adobe Stock

Professional captains and pilots in all sectors of the maritime industry confront daunting challenges and hazards every day on every trip. From piloting oceangoing ships into congested harbors and safely docking them, to navigating ferries, tourist vessels and water taxis through harbors and rivers teaming with other commercial vessels and recreational craft and everything in between, U.S Coast Guard licensed deck officers have one of the most difficult, pressure-packed jobs in any industry.


Russians Take Journalist To Kursk Site

Nearly a year after the Kursk submarine sank in the Barents Sea with the loss of all on board, Russia packed 99 journalists onto a ship and took them to the site of the catastrophe. The Kremlin says it wants to make the lifting of the 18,000 ton nuclear-powered warship a model of multi-media openness, after weathering fierce criticism last summer for its handling of an accident that is still shrouded in mystery. Horror at the loss of one of Russia's most modern submarines and her 118 crew


Suezmax Tanker Delivered to NAT

Nordic American Tankers Limited (NAT) has today taken delivery of the first of two recently purchased secondhand Suezmax tanker vessels.   NAT announced in July that it had agreed to acquire two 2010-built ships for delivery in September and October 2015. The first of these ships was taken over by NAT today and renamed Nordic Light.   Upon delivery of Nordic Light’s sister ship in October, NAT will have a fleet of 26 Suezmax vessels including two new builds scheduled to be


Refugees Give Greek Tour Operators an Extended Season

Placards in hand, travel agent Iakovos Bouchoris and his team scout for customers at Greece's busy Piraeus port, near Athens, where some 5,000 people arrived on Tuesday in a single day on ships from outlying islands close to Turkey.   Instead of the usual groups of German, Italian and Korean tourists, the tour operators were waiting for Syrian refugees; and rather than touring the ancient ruins of the Greek capital, they were heading north to the Greek-Macedonian border.  


Somali Pirates Hijack First Ship since 2012

Pirates have hijacked an oil tanker with eight Sri Lankan crew on board, Somali authorities said on Tuesday, the first time a commercial ship has been seized in the region since 2012.   Security forces have been sent to free the Aris 13, a regional police official said late on Tuesday.   "We are determined to rescue the ship and its crew. Our forces have set off to Alula. It is our duty to rescue ships hijacked by pirates and we shall rescue it


Concordia Maritime Charters Two MR Tankers

Concordia Maritime has signed a contract for the chartering of two IMO2/3 class MR tankers. This a joint chartering arrangement with Stena Weco, and Concordia Maritime’s share amounts to 50 percent. The contract is for one year, and the charters run from June and July 2017.


Polarcus Amani Delivered to Sovcomflot

Polarcus Amani (Photo: Polarcus)

 A 5.5 year bareboat charter agreement between Polarcus Limited Norwegian subsidiary Polarcus Amani AS and SCF GEO AS (Sovcomflot) has been signed, and the vessel delivered to Sovcomflot in Bergen.   The vessel was delivered without streamers


Eight Dead as Migrant Boat Sinks off Greece's Lesbos

At least eight people, including a child, drowned when an inflatable boat carrying refugees and migrants sank off Greece's Lesbos island, the Greek coastguard said on Monday.   The United Nation refugee agency UNHCR said the number of dead was at least 12


East Coast Refiners Mull Texas Oil as North Dakota Alternative

Crude Oil moving via rail in the U.S. heartland (CREDIT: Dagmar Etkin)

U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline.   Major U.S


A Traditional Ship with a Contemporary Heart

Photo Courtesy of BAE Systems

Old photos show mid-nineteenth century sailing ships abandoned in the San Francisco Bay area by crews who caught gold fever. Some of these abandoned hulls lie under the modern day city of San Francisco. Over in Sausalito, just to the north of the famous Golden Gate Bridge


Ferry Crossing System for FosenNamsos Sjø

 Rolls-Royce

Rolls-Royce signed a deal with Norwegian shipbuilder Kleven to supply its automatic crossing system, for two new double-ended plug-in battery-hybrid ferries being built for Norwegian ferry company FosenNamsos Sjø. The system controls the vessel’s acceleration, deceleration


Somali Pirates Flee Hijacked Dhow, Taking Crew

Somali security forces rescued a hijacked Indian cargo dhow on Monday, but pirates took the 11-member crew with them when they fled to land, authorities said.   The Al Kausar vessel was seized earlier this month, part of a sudden string of attacks by Somali pirates after years without a


Somali Security Captures 10 Pirates

file Image: (CREDIT / EUNavfor)

Somali forces who have surrounded pirates holding hostages taken from an Indian ship secured the surrender of 10 members of the band on Tuesday and enlisted the parents of the other three to persuade them to give up, officials said.  


Somali Forces Clash With Pirates, Free Indian Ship Crew

Somali security forces clashed with pirates early on Wednesday and freed nine seamen kidnapped on an Indian cargo ship this month, officials said. The pirates seized the dhow Al Kausar off Somalia's coast, part of a surge of attacks after years without a reported incident.


May LNG Cargo Prices Fall on Waning Demand

File Image: a typical LNG carrier at sea (CREDIT: MISC)

Asian spot LNG prices edged lower this week amid thin trade for May cargoes and as focus shifts towards June supplies.   Spot prices for May delivery of LNG in Asia fell by 35 cents to $5.40 per million British thermal units (mmBtu), as interest for May cargoes weaken because most end-users


Australian Naval Apprentices Excel

NUSHIP Hobart conducts sea trials in the Gulf St Vincent off the coast of Adelaide South Australia. Photo: Royal Australian Navy

 Royal Australian Navy apprentices have been working directly with industry in Adelaide, building on their initial trade training, and at the same time becoming part the next phase of naval warfare from the ground up.   The Air Warfare Destroyer Alliance shipyard has provided a hand-on


Taiwan's Home-Grown Submarine to Cost Less

Fast Attack Craft, Guided Missile (FACG). Photo: CSBC Corporation, Taiwan

 Taiwan's shipbuilder CSBC Corp's chairman Cheng Wen-lon said that a home-grown submarine will cost less than NT$100 billion (US$3.29 billion) to build.  According to a report in Taipei Times, chairman of the local shipbuilder commissioned to plan and design the vessel  also said


Ballarat Exercises with PLA-N

Royal Australian Navys HMAS Ballarat and Chinese Peoples Liberation Army-Navy (PLA-N) Jiangkai II class frigate Huangshan, conduct exercises on completion of HMAS Ballarats port visit to Zhanjiang, China. Photo:  Royal Australian Navy

 HMAS Ballarat has taken part in a range of maritime exercises with People’s Liberation Army – Navy vessel Huangshan following a successful visit to the People’s Republic of China.   Conducted after Ballarat departed Zhanjiang port


Rickmer's Group Worth $740 Million

Rickmers Group fleet value, from March 21, 2016 (Source: VesselsValue)

Following last month’s news that Singapore Based Rickmers Maritime Trust is to be wound up, Rickmers Holding AG released a statement on April 19 reporting that an understanding had been reached regarding restructuring of the Rickmers Group.  


BW Group Delivers First VLCC TO DHT

Photo: BW Group

DHT Holdings, Inc. said it has taken delivery of the DHT Utik, the first of 11 very large crude carriers (VLCC) acquired from BW Group Limited in exchange for DHT's shares. The delivery was made despite a last-minute effort by rival oil tanker firm Frontline to prevent the deal that will bring






 
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