Connecticut News

23 Mar 2020

Insights: Gavin Higgins, CEO, Everett Ship Repair

Gavin Higgins, CEO, Nichols Brothers Boat Builders and Everett Ship Repair

Everett Ship Repair (ESR) is a relatively new name in the U.S. ship repair business. Established in October 2019, the Pacific Northwest shipyard is owned by Ice Cap Holdings, LLC, which is also the parent company to another shipyard not too far away: Nichols Brothers Boat Builders (NBBB).Both ESR and NBBB are headed up by CEO Gavin Higgins, who is responsible for the development of new business opportunities and cultivation of new business relationships, including working with industry groups…

18 Mar 2020

Rewrite the Rules: The Path to Zero Emissions

First-of-its-kind cargo vessel Captain Ben Moore delivers local produce and food across Long Island Sound. Built by Derecktor Shipyards, the aluminum catamaran is powered by two Cummins QSB 6.7 diesels, and lithium batteries connected to a pair of BAE Systems HybriDrive electric motors.  (Credit: Harbor Harvest)

With social media updates and conference agendas addressing the subjects of climate change, emissions reductions and alternative fuels, it’s a wonder we are not climbing the Himalayans in search of the Jedi Master that will provide us with the magic potion. Yoda’s blessing with a calming breath, “You have chosen wisely.”Government emissions intervention started with a move to reduce energy and fuel consumption measured in greenhouse gas (GHG), at a time when the world and our politicians spoke about global warming.

18 Mar 2020

"Ship-Spotter" of the Day

The tug Austin Reinauer (4,000 hp) pushing the empty barge RTC-100 (100,000 bbl. capacity) downbound from Providence, R.I. Photo: Barry Parker

Barry Parker, contributor to Maritime Reporter & Engineering News and MarineNews magazines, is – like many people around the world – sequestered and working from home. He is our designated “ship spotter” for the day.In the maritime business, most of us have been adept at working from home (or from remote locations). Still, with the precautions being taken to prevent the spread of the Coronavirus (Covid 19), remaining at home – in my case, on the North Shore of Long Island, has not been without its challenges.

17 Mar 2020

Chembulk Tankers to Join Womar

Chembulk Tankers signed commercial management agreements for its entire fleet of owned and chartered stainless-steel chemical tankers to enter commercial pools managed by Womar Logistics. “Chembulk’s commercial shift to the Womar chemical pools places our quality vessels in an established and growing revenue sharing platform, providing commercial efficiencies, logistics flexibility and a seamless continuation of the performance our customers expect from Chembulk vessels," said Bart Kelleher, CEO, Chembulk. "All other ownership responsibilities will remain fully within Chembulk.”Together with several current Chembulk chartering and operations professionals, the fleet will transition to commercial management by Womar.

25 Feb 2020

Marine News' 2020 ATB Report

(Photo: Vane Bros.)

There’s a barge full of reasons why many operators turn to ATBs.A  mainstay of the U.S. coastwise dirty and refined products trades, articulated tug barges (ATB) have increasingly filled a void left as the fleet of Jones Act tankers (with crew complement requirements exceeding that of tugs) has aged out. With the cargo capacity of the larger ATBs – some with barges exceeding 300,000 barrels capacity – rivalling that of workhorse tankers that had served oil consuming regions, the concept certainly makes sense from a supply and distribution perspective.With 50…

24 Feb 2020

Madely Joins Ecochlor as VP of Global Service

Michael Madely (Photo: Ecochlor)

Ecochlor announced the addition of Michael "Mick" Madely to fill a newly created position of Vice President of Global Service. Madely has had a full career in the global maritime industry with over 25 years of experience in senior management positions in both Commercial and Technical roles. He has extensive experience in Asia and the Middle East with a hands-on approach in leading sales and operations of world class capital equipment and engineering providers. For the past 10 years…

22 Jan 2020

Chembulk Tankers Announces Leadership Changes

Bart B. Kelleher has taken over as CEO of Chembulk Tankers (Photo: Chembulk Tankers)

Chembulk Tankers announced on Wednseday that Bart B. Kelleher has taken over as Chief Executive Officer for David Ellis, who has resigned for personal reasons. Ellis will be available to the company through January 31, 2020.Kelleher has held senior executive roles within Chembulk since joining the company in early 2016, initially as Chief Strategy Officer and then Chief Financial Officer in early 2019. Prior to joining Chembulk, Kelleher was the Chief Operating Officer for Principal Maritime Management and held roles in investment banking…

06 Jan 2020

Signal, Heidmar Join Forces on Tanker Fleet

Image: Heidmar

Greek commercial ship management company Signal Maritime Services and tanker vessel trader Heidmar join forces to deliver commercial management to the global tanker market.Both companies have agreed a milestone partnership, under which Signal will manage a joint tanker fleet using its proprietary technology and analytical approach, said a press release.Signal’s Artificial-Intelligence-backed solution to pool management has consistently delivered superior earnings to its pool members…

18 Dec 2019

Eagle Bulk Adds Hong Kong Eagle to Fleet

Image: Eagle Bulk Shipping

Eagle Bulk Shipping (EBS), the US-based fully integrated shipowner-operator engaged in the global transportation of drybulk commodities, announced that is has taken delivery of the sixth and final Ultramax drybulk vessel it agreed to acquire in July.The ship, which has been renamed the M/V Hong Kong Eagle, is a 2016-built, high specification SDARI-64 Ultramax vessel built at Jiangsu Yangzijiang Shipbuilding Co., Ltd., said the owner-operator within the Supramax / Ultramax segment.Gary Vogel…

30 Oct 2019

OP/ED: Offshore Wind

Nicolette Nye, Vice President of Communications and Member Development of the National Ocean Industries Association (NOIA) in Washington, DC.

Set to Soar, Taking Offshore Support Industry With it.Offshore energy development is opening a new front in the United States -- the Atlantic seaboard, with strong winds, a shallow continental shelf and a proximity to dense population centers is driving strong interest in offshore wind development. The offshore oil and gas supply chain stands to benefit in a big way from billions in coming investment. In fact, it is already playing a role. Companies in the Gulf of Mexico, which traditionally support the offshore oil and gas sector…

25 Oct 2019

BSO, MOW Ink US Offshore Wind JV

© Ian Dyball / Adobe Stock

Bernhard Schulte Offshore GmbH (BSO) and MidOcean Wind (MOW) have entered into a joint venture to build and operate support vessels for the US offshore wind industry as well as explore opportunities in other sectors of U.S. merchant shipping.Signed during the AWEA Offshore WINDPOWER 2019 Conference in Boston, the Connecticut-based joint venture signals a new chapter of cooperation between BSO and MOW, which began in late 2018 when the parties partnered in WINDEA Offshore US to provide a single point of contact for offshore wind customers in the US.Volckert van Reesema…

11 Oct 2019

SHORTSEA SHIPPING: All the Right Moves (Finally)

The Baton Rouge-NOLA container on barge service / (CREDIT: Port of New Orleans)

Marine Highways Gain Traction in the Intermodal Supply Chain.In the United States, landside infrastructure is at a crisis point. Congestion at the big hub ports, exacerbated by imperfect intermodal interfaces with surface transport serving cargo hinterlands is at the heart of the matter. As politicians bicker over a possible infrastructure package, the Highway Trust Fund, funded by taxes on gasoline and diesel fuel, has continued its downward journey towards further deficits (now $144 billion). And, where countless U.S.

03 Oct 2019

Pangaea Orders 2 More High Ice Class Ships

Image: Pangaea Logistics Solutions

Pangaea Logistics Solutionsexpanded its order for high ice class post-panamax dry bulk 95,000 dwt. vessels at Guangzhou Shipyard International (GSI) from two to four vessels.The four ships, two for delivery in April and May 2021 and two for delivery in November 2021, will be used to service Pangaea's Arctic customer base. The two added ships, also designed with Ice Class 1A specifications, will cost $37.7 million each.Pangaea also announced a series of committed transactions to finance the ships through a $129.2 million bareboat charter structure.

01 Oct 2019

FDX Offshore Acquires Womar Logistics

Image: Watson Farley & Williams

Connecticut-based maritime finance company FDX Offshore has acquired Singapore’s tanker pool operator Womar Logistics. Watson Farley & Williams (WFW) advised FDX Offshore on its acquisition.The partnership intends to expand its chemical tanker pools as well as initiate and grow independent pools in other classes of ships.FDX is led by Managing Partner Jake Scott and Partner Andy Tuchman who will both become Womar board members. Formed in 2013, FDX has been providing financial advice and capital sourcing to maritime and energy projects.Incorporated in early 2009…

24 Sep 2019

VRSim Launches VR Tool For Painting

Image: VRSim

Connecticut-based virtual reality (VR) simulation systems provider VRSim introduced SimSpray 3.0, the next generation of VR paint training tool, which uses HTC’s VIVE Pro HMD and VIVE Trackers."SimSpray’s redesign offers a more intuitive and true-to-life user experience by featuring enhanced visuals, trainee feedback, and the ability to simulate larger work environments," said a press release.The HTC VIVE Pro enhanced optics and visuals provides SimSpray with the most accurate…

16 Sep 2019

Air Caster Tech in the Shipyard

The megayacht Cakewalk, built at Derecktor Shipyards’, Bridgeport, Ct., shipyard was launched using air bearings. Photo courtesy AeroGo, Inc.

Like the magic carpet of ancient myth, air caster technology has revolutionized the way in which heavy payloads can be moved in a cost effective and efficient way — floating on air. Developed post-World War II by engineers at General Motors, air casters were later modified and improved for the construction of the iconic Boeing 707 in the early 1960s. Today, used in a host of industries, companies in the maritime industry are employing air casters to handle lifts from mega-yachts to massive hull sections and Z-drives.A PrimerA form of hydraulics that uses air instead of fluid…

11 Sep 2019

Eagle Bulk Adds New Ultramax to its fleet

Pic: Eagle Bulk Shipping

US-based owner and operator of dry bulk vessels Eagle Bulk Shipping  announced that it has taken delivery of the first of six modern Ultramax drybulk vessels the Company has previously agreed to acquire.The ship, which has been renamed the M/V Dublin Eagle, is a 2015-built, high specification scrubber-fitted SDARI-64 Ultramax vessel built at Jiangsu New Hantong Ship Heavy Industry Co., Ltd, said a press note from the player in the Supramax / Ultramax segment.Proforma for the five remaining acquisition vessels…

30 Aug 2019

MN100: Harbor Harvest's Shortsea, Environmentally Correct Shipping Arrives

Haerbor Harvest's first shortsea new build.

The Captain Ben Moore is the third in a series of 65-foot aluminum catamarans built by Derecktor and powered by BAE Systems hybrid technology. The vessel was built for Harbor Harvest, a Norwalk, CT, based company set on changing the way fresh produce and foods are transported around metro areas. The forward-thinking vessel will carry goods from regional family farms across Long Island Sound, relieving traffic congestion and reducing emissions. The vessel has a top speed of 15 knots and boasts 300 square feet of open cargo space…

18 Aug 2019

Diamond S Shipping Sells Two Vessels

Pic: Diamond S Shipping

Connecticut-headquartered Diamond S Shipping Group Inc. (DSG) announced that it has agreed to sell two of its 2008-built medium-range product carriers as part of its fleet renewal initiatives.The vessels - the Atlantic Aquarius and Atlantic Leo - are expected to be delivered in the third quarter or early the following quarter, said the owners and operators of crude and product tankers, which provide seaborne transportation of crude oil, refined petroleum and other products in international shipping markets.Diamond will recognize a non-cash charge of about $9.5 million per vessel this quarter…

15 Aug 2019

Eagle Bulk Moves EU Ops to Copenhagen

File Photo: Eagle Bulk Shipping

The US-based shipowner-operator engaged in the global transportation of drybulk commodities, Eagle Bulk Shipping  announced the establishment of a new commercial office in Copenhagen, relocating from its existing base in Hamburg.The Copenhagen office will be led by Mathias Groenvald, who recently joined Eagle Bulk, said a press release from the player in Supramax / Ultramax segment.Groenvald previously served as Senior Vice President, Head of Chartering for Clipper Bulk, and has over 30 years of drybulk industry experience.Gary Vogel…

05 Aug 2019

Trade Fears Drag Stocks, Yuan at 10-Year Low

Adobestock / © rawf8

NEW YORK, Aug 5 (Reuters) - Stock markets around the world fell hard on Monday on fears that China's willingness to let the yuan slide in response to the latest U.S. tariff threat could further aggravate trade-related tensions between the world's two largest economies.China on Monday let the yuan tumble beyond the 7-per-dollar level for the first time in more than a decade, in a sign Beijing might be willing to tolerate further currency weakness after U.S. President Donald Trump vowed last week to impose 10% tariffs on the remaining $300 billion of Chinese imports from Sept.

30 Jul 2019

U.S. DOT Names Nine Marine Highway Projects

Transportation Secretary Elaine L. Chao

The U.S. Department of Transportation’s Maritime Administration (MARAD) today announced the designation of nine Marine Highway Projects and a Marine Highway Route that will benefit Connecticut, Florida, Michigan, New York, Oregon, Texas, Virginia, Washington State and American Samoa. Marine highways are navigable waterways that can be used as alternate options to traditional shipping methods. “The designation of marine highways by Congress will help move cargo and people to help grow the economy and shift freight off of congested highways,” said Transportation Secretary Elaine L. Chao.

25 Jul 2019

Eagle Bulk Raises Funds for New Ships

Pic: Eagle Bulk Shipping

Eagle Bulk Shipping announced a $100 million convertible  note offering in a private placement to qualified institutional buyers.Eagle Bulk intends to use the net proceeds from the offering to fund a portion of the aggregate purchase price of up to six modern high-specification Ultramax vessels and for general corporate purposes, including working capital."Closing of the purchase of the Acquisition Vessels is subject to customary conditions. Certain events may arise which could result in the company not taking delivery of any of the Acquisition Vessels…

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