Marine Link
Saturday, September 22, 2018

New York News

Benetti Rolls-out Bond-inspired Superyacht Spectre

M/Y Spectre. Photo: Benetti

Spectre, the ninth James Bond-inspired yacht commissioned by John Staluppi, has been launched by Benetti in Italy.A company press release said that after “Quantum of Solace” and “Diamonds Are Forever”, “Spectre” is the third yacht launched by Benetti for talented New York businessman John Staluppi.M/Y “Spectre” is a 69-meter Full Custom Mega Yacht with a steel hull and an aluminium superstructure on five decks. The name pays tribute once again to James Bond, while the hull by…

A Mercury Marine-Powered Test Run Around Manhattan

Photo: Greg Trauthwein

A great way to spend my first day back from vacation was hurtling down the Hudson River in New York City at 65 mph on a 40-ft. Invincible catamaran, powered by four 350-HP Mercury outboard engines.Mercury Marine was in town to offer test drives on a variety of new boats, and as the video below suggest modern outboard engines are powerful and quiet. The 40-ft. Invincible offered an amazing, smooth ride on the Hudson amid some significant wind and river track driven chop.If you're wondering about the engine covers on the boat, they were custom made as the 40-ft.

Pacific Drilling to Raise USD700mln for Restructuring

Image: Pacific Drilling

Pacific Drilling  announced that a special purpose wholly owned subsidiary of the Company intends to offer $700 million aggregate principal amount of senior secured first lien notes that mature five years following their issuance, subject to market conditions.The notes are being offered in connection with the restructuring of Pacific Drilling as part of the First Amended Joint Plan of Reorganization filed with the U.S. Bankruptcy Court for the Southern District of New York on August 31…

ICS-UN Negotiation on Future Ocean Governance

Image: United Nations

International Chamber of Shipping (ICS) is representing shipowners at the start of a major negotiation to agree a new legal instrument for the protection of the ocean under the UN Convention on the Law of the Sea (UNCLOS) – which will apply to ‘high seas’ areas ‘beyond national jurisdiction’.Addressing government negotiators in New York today (5 September), ICS Chairman, Esben Poulsson, highlighted the need to ensure that this UN initiative will not “unwittingly” impact on the effective future governance of global shipping…

Wärtsilä: 'An Oceanic Awakening'

Marco Ryan, Chief Digital Officer & EVP, Wärtsilä (Photo: Greg Trauthwein)

Wärtsilä has unveiled a global initiative that aims to transform the world’s marine and energy industry into a more efficient, ecologically sound and digitally connected ecosystem. The initiative, which Wärtsilä calls “An Oceanic Awakening”, was announced at the SMM maritime trade fair in Hamburg.Wärtsilä said its drive to activate a fully-integrated smart ecosystem aims to address major maritime inefficiencies that impose a significant negative impact on profitability and sustainability…

CGG Plans to Delist from the NYSE

Oceanic Sirius deploying streamer spread during offshore seismic survey (image courtesy of CGG)

CGG S.A., an geoscience company providing geological, geophysical and reservoir capabilities, said that the Board of Directors has unanimously approved the voluntary delisting of its American Depositary Shares from the New York Stock Exchange and its voluntary deregistration with the U.S. Securities and Exchange Commission.According to a press release on the matter, CGG said that the costs associated with continuing the listing and registration of its ADSs exceed the benefits received by CGG…

Genco Acquires Three Bulk Carriers

Genco has sold the 1999-built Genco Progress as part of its fleet renewal plan (© Sergei Skriabin / MarineTraffic.com)

Dry bulk shipping company Genco Shipping & Trading Limited said it has taken delivery of three 2016-built bulk carriers and sold off older tonnage as part of its fleet renewal strategy.The New York based company has taken delivery of two 180,000 dwt Capesize vessels as well a 60,000 dwt Ultramax vessel in September 2018. Genco agreed to acquire the two Capesize vessels, Genco Defender and Genco Liberty, in July 2018, while the Ultramax vessel, Genco Columbia, is the last of four…

Disabled Freighter Towed into New York Harbor

Photo by Petty Officer 3rd Class Steven Strohmaier

The U.S. Coast Guard coordinated the tow of a disabled 611-foot freighter into the port of New York and New Jersey after it lost propulsion over 100 miles offshore in the Atlantic Ocean on Tuesday, August 21.At around 9 p.m. on Tuesday, watchstanders at Coast Guard Sector New York received a report that the Panama-flagged bulk carrier GDF Suez North Sea with 21 crew aboard, was disabled. The Coast Guard monitored the situation over the following days as the crew attempted to repair the propulsion system.By Thursday night…

WFW Advises CMBFL on Sale, Leaseback of 15 Dry Bulker

Image: Watson Farley & Williams

Watson Farley & Williams (WFW) has advised CMB Financial Leasing (CMBFL) on a US$180.4m sale and leaseback transaction with Star Bulk Carriers Corp, a Nasdaq-listed global shipping company providing worldwide seaborne transportation of dry bulk cargoes.The funds obtained by Star Bulk under this new five-year capital lease of US$180.4m entered into with CMBFL were used to part-finance the cash portion of the consideration with regards to Star Bulk’s acquisition of 15 dry bulk vessels from Norwegian shipowner Songa Bulk ASA.Founded in 2008…

Change of Command for Cal Maritime's Training Ship

Photo courtesy of Cal Maritime

After 10 years at the helm, Harry Bolton handed over command of the Training Ship Golden Bear Wednesday at California State University Maritime Academy.Bolton, a 1978 graduate of the Academy, returned to Cal Maritime on May 1, 2008 after a 30-year career with American Maritime Officers. Twenty of those years were with American Overseas Marine Corporation (AMSEA) aboard the original preposition ships based out of Guam, Saipan and Diego Garcia. Bolton began sailing as Master in 1985, only seven years after graduation.Dr.

ShipSure 2.0: Big Data, Bigger Benefits

Position List for Commercial Managers in ShipSure 2.0. (Image: V. Group)

Ship owners can derive imperative business and operational insights from integrated, real-time data which is readily accessible via a single platform, especially if it can be taken away with you, writes V.Group CIO Stephen MacfarlaneFor the maritime industry, these are exciting and momentous times, with digitalization as an emphatic and decisive pivot point in operational, business and environmental sustainability. The potential is now incontestable for businesses along the entire length of the supply chain to effect the requisite changes and witness substantial digital advantages – or…

On the Water: Prime Career Opportunities for Women

Women make up only an estimated two percent of the global maritime industry. In the U.S., the statistics are a little better, with less than eight percent of ship and boat captain operator roles held by women.Still, for a female to have the opportunity to train up to ship captain is considered “unique.” However, as predictions are being made that there will be a shortage of more than 140,000 deck or ship officers worldwide by 2025 (BIMCO/ICS), we will see more accomplished women take the helm and lead the industry forward.

Carnival Horizon Cleared to Sail after Allision in NYC

© Patrick Hamilton / MarineTraffic.com

The U.S. Coast Guard has cleared the Carnival Horizon to sail after the 133,500 GT cruise ship struck a pier at the Manhattan Cruise Terminal earlier this week.The Coast Guard conducted an extensive investigation and examinations on the ship and required multiple technical surveys, including an underwater hull survey and operations testing of essential equipment, before it ultimately determined that the ship was safe depart the Port of New York and New Jersey on its scheduled eight-night Caribbean cruise.Minor structural damage to the ship’s bow was discovered…

The New York Bight – a Hydra of Difficult Issues

File Image: offshore wind operations (CREDIT: CWind)

The greening of America’s energy signature will not come without the usual discussions, regulatory oversight – and opposition from a raft of special interests.Amidst an atmosphere of possible resurgence in the domestic offshore oil energy, maritime stakeholders are also reminded that there is more than one kind of energy available for development off the four collective coasts of the United States. That process is underway in the Great Lakes; it has already happened off of New England.

U.S. Gulf Coast Ports Restricting Traffic Ahead of Storm Gordon

Photo courtesy of Port Nola

Vessel traffic along the U.S. Gulf Coast on Tuesday was under restrictions ahead of Tropical Storm Gordon, which is expected to make landfall as a category 1 hurricane near the Mississippi-Alabama border.Ports from New Orleans to Mobile, Alabama were closed to inbound traffic greater than 500 tons at 8 a.m. local time, said Coast Guard Petty Officer Alexandra Preston. The port of Pascagoula, Mississippi was closed to traffic by the U.S. Coast Guard, Harbor Master Cliff Porter said on Tuesday.Reporting by Jessic Resnick-Ault in New York and Erwin Seba in Houston

Norton Rose Fulbright, Citibank on USD 2.2bln Danaos Corp Restructuring

Photo: Danaos Corporation

Global law firm Norton Rose Fulbright has advised Citigroup and other lenders of Danaos on a $2.2 billion restructuring of NYSE-listed Danaos Corp (DAC), one of the world’s largest independent owners of modern, large-size containerships.Norton Rose Fulbright’s Athens, London and New York offices advised Citigroup and certain other lenders (including China Exim Bank and Eurobank) on new money, take out and refinancing facilities, restructuring support agreements, debt for equity arrangements…

IMO for Protecting Oceans and High Seas

Image: International Maritime Organization (IMO)

Ships plying their trade across the world’s oceans are subject to stringent environmental, safety and security rules, which apply throughout their voyage. The comprehensive regulatory framework developed by International Maritime Organization (IMO) for international shipping has been highlighted during a United Nations oceans conference in New York, United States (4-17 September).A press release from IMO said that  the conference is taking the first steps towards developing a…

Illegal Salvors Fined for Plunder of WW1 Shipwreck

Severnn's seaboat returning from one of the many trips to Friendship (Photo: Royal Navy)

Thieves have been fined nearly £250,000 after being caught by the Royal Navy plundering a World War I shipwreck.The crew of HMS Severn in 2016 found the Dutch-registered salvage ship Friendship lifting £90,000 of steel and copper stripped from the wreck of the SS Harrovian, 80 miles southwest of the Scilly Isles.The British steamer was heading from New York to Le Havre in France carrying various metals for the Allied war – including more than 1,000 tons of copper bars, worth around…

Barge Runs Aground near New York

A barge has run aground in Coney Island Channel near Brighton Beach, N.Y., Wednesday morning.At approximately 9 a.m., a tug, the Eastern Dawn, was pushing the barge Port Chester when it ran soft aground near Coney Island Channel Buoy 3.The tug and barge crew confirmed there were 14,000 barrels of fuel oil on board the barge and reported no pollution.Crewmembers from U.S. Coast Guard Station New York responded to ensure the safety of the barge and surrounding vessel traffic.Pollution response teams and investigation officials from Coast Guard Sector New York were also on scene to assess the incident and confirmed no fuel entered the water.The barge Port Chester was able to refloat during high tide at approximately 2:30 p.m., and arrived at its destination in Jamaica, Queens, N.Y.

Shipyard Focus: Vigor

Image: Vigor

Diverse Newbuild & Repair Business Buoys 2018The year 2018 is off to good start at Vigor. The Harbor Island facility welcomed a new drydock christened the Evolution. The $20 million Evolution is the third drydock at Vigor’s Seattle facility and largest in the Puget Sound region, measuring 640 x 115.5 ft. with a lift capacity of 22,000 LT.Other investments in Seattle include a buildout of a dedicated aluminum production facility which greatly expands Vigor’s fabrication capabilities and capacity for workboats…

Ship Repair: May Ship Repair Diversifies

Photo: May Ship Repair

The shipbuilding and repair market has been slightly increasing over the past year with most of the increase being sporadic on vessel repair. New construction has been steady and in May Ship Repairs business, we have been focused on infrastructure expansion such as passenger ferry landings for the City of New York. Looking to the future, May Ship anticipates this trend to continue or even decline due to possible trade tariffs and lack of needed new construction of small to midsized…

Coffee Exporters Struggle to Find Ships for Brazil Bumper Crop

© Stanislav Komogorov / Adobe Stock

Brazilian coffee exporters are struggling to find shipping capacity to transport a bumper crop from the world's top producer, which could result in supply delays to roasters worldwide.Abundant overall supplies in consuming countries, however, will limit any near-term impact from shipping delays of Brazil's new crop and are not yet seen impacting coffee prices that are 12-year lows.Farmers in Brazil are finishing what the government and industry expect to amount to a record coffee…

VT Halter to Build ATB Tug for Bouchard

The new tug will be a sister vessel to the Denise A. Bouchard, pictured (Photo: VT Halter Marine)

Mississippi shipbuilder VT Halter Marine, Inc. said it has secured a new contract to build an articulated tug barge (ATB) tug with an option for a second vessel for Bouchard Transportation Co., Inc.Construction of the new vessel, M/V Evening Stroll, begins immediately at the builder’s Pascagoula, Miss. shipyard, with delivery scheduled for December 2019. This vessel will enter into Bouchard’s fleet service in New York, N.Y to transport liquid petroleum products throughout the…

Maritime Reporter Magazine Cover Sep 2018 - Maritime Port & Ship Security

Maritime Reporter and Engineering News’ first edition was published in New York City in 1883 and became our flagship publication in 1939. It is the world’s largest audited circulation magazine serving the global maritime industry, delivering more insightful editorial and news to more industry decision makers than any other source.

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