Marshall Islands News

28 Oct 2019

Diversity, Tech on Tap at WISTA Conference

Despina Theodosiou (Photo: WISTA International)

A top hostage negotiator, the CEO of a company which supplies environmental products to ship owners and operators and the heads of two maritime technology firms are all part of an impressive line-up of speakers scheduled to speak at the 2019 Women’s International Shipping & Trading Association (WISTA) AGM & Conference which takes place next week from Tuesday, October 29, to Friday, November 1. The four-day event is being hosted by WISTA Cayman Islands and is expected to bring over 200 maritime experts from 30-plus countries.

23 Oct 2019

Costamare Charters 14 Vessels in Q3

Pic: Costamare

Costamare, owners and providers of containerships for charter, said that it has chartered in total 14 vessels over the quarter ended September 30, 2019.According to Gregory Zikos, Chief Financial Officer of the Marshall Islands corporation, during the third quarter of the year the company delivered profitable results.As was the case in the previous quarter, net income and earnings per share more than doubled, boosted by increased charter rates and the addition of new ships, he…

23 Oct 2019

EU Fund to ACP to Boost Sustainable Fisheries

Somali fishers carrying their catch ashore. Photo: FAO

The European Union (EU) has provided EUR40 million (USD 45 million) to boost sustainable fisheries and aquaculture in African, Caribbean and Pacific Group of States (ACP).An initiative by ACP-EU-Food and Agriculture Organization of the United Nations (FAO) is to invest in value chains that stimulate inclusive growth, bolster food security and minimize impacts on the marine environment."ACP-EU-FAO initiative signed a €40 million, five-year program (FISH4ACP) to boost the development of sustainable fisheries and aquaculture in Africa…

21 Oct 2019

46 Countries Support Torremolinos Declaration

Pic: International Maritime Organization (IMO)

The Cook Islands and Sao Tome and Principe have become the latest States to become Party to the Cape Town Agreement on fishing vessel safety.These small nations deposited their instruments of accession during the Torremolinos Ministerial Conference on Fishing Vessel Safety and Illegal, Unreported and Unregulated (IUU) Fishing (21-23 October).At the same time, they joined 44 other countries (46 in total) signing the Torremolinos Declaration, a non-legally binding political instrument.By signing the Declaration…

02 Oct 2019

HMD Delivers Newbuild Pair to OSG

Image: Overseas Shipholding Group

Florida-based tanker shipping company Overseas Shipholding Group (OSG) has taken delivery of two 50,000 dwt class product and chemical tankers at Hyundai Mipo Dockyard in Ulsan, South Korea.The tankers, named the Overseas Gulf Coast and Overseas Sun Coast, were built to comply with MARPOL Annex VI Regulation 13 Tier III standards regarding nitrogen oxide emissions within emission control areas.In addition, each vessel is fitted with an exhaust gas cleaning system, often referred to as a “scrubber”…

30 Sep 2019

Euroseas Charters Akinada Bridge

Image: Euroseas Ltd.

Euroseas, a shipping company that was founded about a century ago, announced that  its container vessel, M/V Akinada Bridge has entered into a charter contract of minimum duration of ten months and maximum duration of thirteen months at a daily rate of $16,500.The owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes said that the charter will commence upon completion of the vessel’s special survey and drydocking and…

27 Sep 2019

USCG Commissions FRC in Honolulu

U.S. Coast Guard photo by Petty Officer 3rd Class Matthew West/released

The U.S. Coast Guard commissioned the newest Hawaii-based 154-foot Fast Response Cutter in Honolulu, Thursday.“There is no greater reflection of the commandant’s strategic vision and commitment than the fact that as we commission the William Hart today, it will be the fifth Coast Guard cutter commissioned in the last two years here at Base Honolulu that will operate in the heart of Oceania,” said Rear Adm. Kevin Lunday, commander Coast Guard 14th District. “There is no question that by our actions and not our words alone…

10 Sep 2019

Remaining Golden Ray Crew Members Rescued

(Photo: U.S. Coast Guard)

Rescue workers on Monday freed the final crew member trapped inside a South Korean cargo vessel that flipped on its side off the coast of Georgia, the U.S. Coast Guard said.Salvage crews gradually drilled an opening in the ship's massive hull on Monday, first to deliver food and water to the survivors, then to extract them, the U.S. Coast Guard said.The last missing crew member emerged from the hole at around 6 p.m. ET (2200 GMT) and was able to stand on the hull of the ship as rescue workers helped him…

09 Sep 2019

IMO Course on Safe Handling of Cargoes

Pic: International Maritime Organization (IMO)

The safety of ships carrying bulk cargoes depends on proper implementation of International Maritime Organization (IMO)  rules - and training is crucial.A new IMO Model Course on Safe Handling and Transport of Solid Bulk Cargoes is expected to be validated by IMO's Sub-Committee on Carriage of Cargoes and Containers when it meets this week (CCC 6, 9-13 September).The course will focus on the mandatory measures for handling and transport of solid bulk cargoes outlined in the International Maritime Solid Bulk Cargoes (IMSBC) Code…

09 Sep 2019

Rescue Planned for Missing Crew on Golden Ray

(Photo: U.S. Coast Guard)

Rescue workers on Monday were planning to extract four missing crew members from a South Korean cargo vessel carrying about 4,000 cars to the Middle East that turned on its side off the coast of Georgia, the U.S. Coast Guard said.Helicopters rescued 20 crew members from the 656-foot (200-meter) Golden Ray on Sunday after it became disabled, began listing and eventually sat helplessly on its side in St. Simons Sound, near Brunswick, Georgia, the Coast Guard said in a statement.Salvage crews made contact with the missing crew members on Monday morning…

09 Sep 2019

Video: RoRo Vessel Overturns Off US East Coast

The 656-foot vehicle carrier MV Golden Ray overturned and caught fire in St. Simons Sound on September 8. (Photo: U.S. Coast Guard)

Four crew members are missing from a roll-on/roll-off cargo vessel that is disabled, overturned and has caught fire near Brunswick, Georgia, the U.S. Coast Guard said on Sunday.Twenty people have been safely removed from the ship, and the Coast Guard said it is working with local partners to locate the four crew still missing from the 656-foot vehicle carrier, MV Golden Ray, which began listing heavily and capsized with 23 crew and one pilot on board in St. Simons Sound early on Sunday morning.The Coast Guard said it was notified of the capsizing by a 911 call around 2 a.m.There were 4…

02 Sep 2019

Fednav Welcomes New Handy Bulker

Image: Fednav Limited

Canadian bulk shipping company Fednav Limited has taken delivery of Federal Montreal, its newest Great Lakes-suitable Handysize vessel. The ceremony was attended by senior management from both Fednav and the shipyard.The Federal Montreal is a 34,500 DWT international ice-class bulk carrier, flagged in the Marshall Islands. Built to trade in the St. Lawrence River and the Great Lakes, the vessel is certified by DNV GL and is equipped with the latest environmental protection technology.Named in honour of the city Fednav calls home…

01 Aug 2019

Bollinger Delivers 35th FRC

 USCGC ANGELA MCSHAN in Key West, Florida (Image: USCG)

USCGC Angela McShan Delivered to U.S. Coast Guard.Bollinger Shipyards has delivered the USCGC ANGELA MCSHAN, the 35th Fast Response Cutter (FRC) to the U.S. Coast Guard. The Coast Guard took delivery on the 1st of August, 2019 in Key West, Florida. Bollinger President & C.E.O. Ben Bordelon said, “We are very pleased to announce the latest FRC delivery, the USCGC ANGELA MCSHAN. Previous cutters have been stationed around the nation including Alaska and Hawaii. The ANGELA MCSHAN…

18 Jul 2019

IMO Condemns Tanker Attacks in Gulf

Pic: International Maritime Organization (IMO)

The Council of the International Maritime Organization (IMO) has condemned recent attacks on commercial shipping in the Strait of Hormuz and Sea of Oman.The Council  of the UN body expressed its concern over the grave danger to life and the serious risks to navigational safety and the environment to which such incidents may give rise.The Council also emphasized the need for flag States and shipowners and operators to review the maritime security plans for their ships and implement…

18 Jul 2019

GSL Fixes Keta with OOCL

Pic: Global Ship Lease

Marshall Islands-incorporated Global Ship Lease (GSL) has agreed a new charter for the 2003-built, 2,207 TEU GSL Keta.The containership charter owner said in a press release that commencing in late July, the vessel will be chartered for minimum 50 days / maximum 90 days to Hong Kong-based container shipping and logistics service company Orient Overseas Container Line (OOCL) at a fixed rate of $8,700 per day.Ian Webber, Chief Executive Officer of Global Ship Lease, said, “We are pleased to have signed this charter at an improved rate with a top-tier counterparty in OOCL.

02 Jul 2019

GloFouling Gets Going in Pacific

Pics: International Maritime Organization (IMO)

The initial phase of the Glofouling Partnerships project is now well and truly underway with a series of technical workshops in the Pacific, stated  International Maritime Organization (IMO).The UN body said that the key message delivered to participants was that once introduced, marine invasive species can be hard to eradicate - and invasive species represent a potential major threat to the Pacific Ocean's biodiversity and the ecological integrity of Small Island Developing States.The…

02 Jul 2019

ChartCo’s LogCentral wins RMI Nod

Photo: ChartCo

ChartCo’s LogCentral, the integrated solution soon to join the ChartCo OneOcean platform, has gained authorization from the Marshall Islands. Having authorized the application on their flagged fleet, they lead the way for ChartCo to obtain recognition from other key flag states.The new addition to ChartCo OneOcean will enable crew to rapidly complete logbook entries with simplicity and accuracy. Operational and management teams will also benefit from transparency and traceability while having instant access to all logbook entries made across the entire fleet.With new regulations from MARPOL…

25 Jun 2019

Navig8 Adds LR2 Tanker

Image: Navig8 Chemical Tankers Inc.

Navig8 Product 2020, an international shipping company,  has announced that it has taken delivery of the Navig8 Promise.Its the seventh 110,600 DWT scrubber-fitted LR2 tanker from New Times Shipbuilding.The Navig8 Promise will be entered into and operated in Navig8 Group’s Alpha8 commercial pool.The crude oil tanker built in 2019 will sail under the flag of Marshall Islands.Navig8 is a fully integrated provider of shipping management services and the world’s largest independent pool and commercial management company.

13 Jun 2019

ICS Concerns About Tanker Attacks

Guy Platten, Secretary General. Photo: International Chamber of Shipping

International Chamber of Shipping (ICS), the world's principal shipping organisation, stated that its Board has expressed concern at the serious incidents involving the Marshall Islands flagged ship Front Altair and the Panama flagged Kokuka Courageous, in the Gulf of Oman.Addressing the issue at the ICS Annual General Meeting in the Faroe Islands the Board has expressed the international shipping industry’s alarm at recent incidents in the region affecting ships and their crews.“This suspected attack is a deeply worrying and intolerable situation.

24 May 2019

Danaos Signs Sale-and-Leaseback Deal with EnTrust

Pic: Danaos Corporation

The provider of seaborne transportation services, Danaos Corporation has concluded a $150m sale-and-leaseback deal for two of its biggest boxships with the alternative investment firm EnTrust Global.Watson Farley & Williams (WFW) has advised EnTrust Global’s (ETG) Blue Ocean Funds on the transaction of the two container vessels “HYUNDAI RESPECT” and “HYUNDAI HONOUR” acquired from and chartered back to two subsidiaries of Danaos, said a press release.This is the Blue Ocean Funds’ first sale and leaseback in the Greek shipping market…

24 May 2019

Bollinger Delivers 34th FRC to Coast Guard

USCGC William Hart (Photo: Bollinger Shipyards)

Bollinger Shipyards has delivered the USCGC William Hart, the 34th Fast Response Cutter (FRC) to the U.S. Coast Guard. The Coast Guard took delivery on May 23, 2019 in Key West, Florida. The 154-foot Sentinel-class Fast Response Cutter has a flank speed over 28 knots, state of the art command, control, communications and computer technology, and a stern launch system for the vessel’s 26-foot cutter boat. The FRC has been described as an operational “game changer,” by senior Coast Guard officials.

19 Jun 2019

GSL Acquires Three Boxships

Marshall Islands-incorporated Global Ship Lease (GSL) announced that it has agreed to acquire three 2004-built, 7,849 TEU containerships for an aggregate purchase price of $48.5 million.Upon delivery during the second quarter, the first vessel will commence a five-year charter with Maersk Line, said a press release from the owner of containerships with a diversified fleet of mid-sized and smaller containerships.The two other vessels are expected to be delivered during the third quarter and will commence three-year charters with Maersk Line, with two consecutive one-year extensions at the charterer’s option.The three vessels are expected to generate Adjusted EBITDA of approximately $32 million in aggregate for the median firm period, and a total of $47 million if all options are exercised.

23 May 2019

Race Against WW II Shipwrecks Oil Spill

Image: MV Ocean Recovery

A remediation programme to protect island ecosystems from damage caused by oil pollution from World War II wrecks sunk in the Pacific Ocean will launch in Newcastle Harbour today (Thursday 23 May).The programme is the result of a partnership between Major Projects Foundation, the Secretariat of the Pacific Regional Environment Programme (SPREP) – an intergovernmental Pacific regional organisation made up of 26 members – and the University of Newcastle. It will see expert teams of scientists…

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