Marine Link
Wednesday, April 26, 2017

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 BW's ownership in DHT to 33.5 percent, surpassing Frontline as DHT's top shareholder. Frontline’s lawsuit was rejected in New York County Supreme Court. Of the 11 VLCCs sold in the deal…

US Court Rejects Frontline's Bid to Stop BW-DHT Deal

Photo: BW Group

A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen's Frontline to prevent BW Group from acquiring a major stake in rival oil tanker firm DHT Holdings, DHT said on Thursday. The New York County Supreme Court's decision means that privately-owned BW Group, led by shipping tycoon Andreas Sohmen Pao, can proceed with the sale of 11 very large crude carriers (VLCCs) to DHT in exchange for DHT's shares. "The transaction will proceed as planned, and in fact the first ship is being transferred to DHT today…

Oil Refiner Bound to Goldman, Deutsche Fee Agreements - NY Judge

CVR Energy

CVR Energy Inc is bound by agreements to pay Goldman Sachs Group Inc and Deutsche Bank AG more than $36 million in fees and expenses stemming from billionaire investor Carl Icahn's 2012 tender offer for the oil refiner, a New York state judge has ruled. The banks had each sued CVR in 2012, claiming CVR had hired them to provide financial advice on Icahn's ultimately successful tender offer for its stock, and agreed to the fees based on the size of the transaction. In May 2012…

Washington Maritime Economy Grows Stronger -Study

© Bill Perry / Adobe Stock

A new report from the Washington Maritime Federation shows strong health of industry, increased average salaries and tremendous opportunity to continue to grow maritime jobs. The Washington State Maritime Sector Economic Impact Study 2017 Update, released at the April 2017 Propeller Club luncheon, updates the seminal 2013 study of the same name and provides a detailed analysis of the positive economic impact of the state’s maritime industry. “This study builds upon past efforts and clearly shows the maritime industry is a cornerstone of the State’s economy…

Weak Gasoline Prices Prompts US-bound Tanker to Alter Course

A tanker of gasoline en route to New York Harbor from Europe has been diverted to a Caribbean storage hub because a narrow window of opportunity for shipping profitably to the U.S. East Coast appears to have shut, traders said. At least 16 tankers carrying some 600,000 tonnes of gasoline blending components were booked early in April to send fuel from Europe to the East Coast. Since, a Long-Range 2 (LR2) vessel AMOREA, floating offshore carrying summer-grade RBOB gasoline, known as F2-grade, set sail to New York. An LR2 going to New York was uncommon to begin with, but the recent closing of the arb, or the window, caused the vessel to be diverted to the BORCO storage hub in the Caribbean, according to Reuters vessel tracking data and three sources with knowledge of the matter.

Monroe County to Conduct Maritime Security Exercise

(Credit: USCG)

Scheduled for Thursday and Friday, federal, state, local and Canadian law enforcement partners will be brought together in a multi-agency exercise designed to prepare for and prevent cross-border terrorist and criminal activity on the Niagara River, Lake Erie and Lake Ontario. There are no known threats against the area, but boaters may notice increased assets of law enforcement on the water. Organized by The Monroe County Emergency Management Office, the multi-jurisdictional exercise will be sponsored by The Department of Homeland Security.

More than 100 Graduate from SUNY Maritime

Morton Bouchard III, President & CEO of Bouchard Transportation

More than 100 students crossed the stage to receive their degrees at State University of New York Maritime College Jan. 29. Graduates represent 15 fields of study, a quarter of them at the graduate level. More than 60 of them will also graduate with U.S. Coast Guard licenses, the necessary certification to sail on an American ship as part of the merchant marine. “Some of you will be sailing on your license for the first time. Some will be working in other areas of the maritime industry and others may be pursuing other opportunities,” said RADM Michael Alfultis, president of SUNY Maritime.

Horizon Shipbuilding Grows through Diversification

Photo: Horizon Shipbuilding

Alabama's Horizon Shipbuilding is bustling with activity. New York Fast Ferries are being quickly delivered, large AST tugs are being built and launched, and vessels of all sizes are cycling through weekly for refurbishment and refit. “Our company’s diversity allows us to manage multiple projects at one time,” said Travis Short, owner of Horizon. “We are a true full service builder. In 2009 F.E.M.A., through the U.S. Department of Homeland Security, began aggressively funding state…

Why Attend the Ferry Safety & Technology Conference?

© Oleksandr Dibrova / Adobe Stock

The Worldwide Ferry Safety Association (WFSA) will host its upcoming Ferry Safety and Technology Conference May 11 and 12 in downtown New York. Besides the awards to winners of the Ferry Design Competition, there are many reasons to attend the conference. Below are a dozen. 1 - Learn about innovative new ferry systems in Africa, Asia and North America – ferry systems from which we can learn and that will need safety, communications, IT, training – equipment and services. 2- Listen to ferry operators from Bangkok, Manila and Abidjan as they speak about their challenges and successes.

Metal Shark Delivers First Two NYC Ferries

Photo: Metal Shark

The first two passenger vessels built by Louisiana-based shipbuilder Metal Shark for New York's new NYC Ferry have been completed and are now making their way to New York. Late last week at Metal Shark's Franklin, Louisiana shipyard, the Incat Crowther-designed, 149-passenger, USCG Subchapter T passenger ferries were handed off to crews from HNY Ferry Fleet LLC (a Hornblower company), operator of the new passenger vessel service. Both of the Metal Shark-built ferries are currently running in tandem…

Eastern Shipbuilding Gets NTP with NYCDOT

Photo: Eastern Shipbuilding Group

Eastern Shipbuilding Group (ESG) has received Notice to Proceed (NPT) from The City of New York Department of Transportation (NYCDOT) for the detail design and construction of three new Staten Island-Ollis Class Ferries for the Staten Island Ferry Division. Eastern is extremely honored to be the winning shipyard that will construct and deliver three new Staten Island Ollis Class Ferries to NYCDOT and the Staten Island Ferry Division. The three Ollis Class double-ended 4500 passenger ferries…

Fatal Bulk Carrier Explosion off Cape Cod

An explosion aboard Marshall Islands-flagged bulk carrier Tamar has killed one crewmember and left three others severely injured roughly 1,300 miles offshore Cape Cod, Mass. At approximately 7 a.m., Tamar’s captain contacted watchstanders at the U.S. Coast Guard command center reporting an explosion in the ship’s forward storeroom killed one crewmember and caused three others to suffer massive burns and are in need of immediate medical attention. The U.S. Coast Guard is coordinating with the New York Air National Guard’s 106th Rescue Wing and the Canadian and Portuguese Coast Guards to provide a medical emergency response. The New York Air National Guard’s 106th Rescue Wing launched an HC-130 aircrew with six pararescuers and one combat rescue officer.

New York – No Discharge Zones

The Environmental Protection Agency (EPA) issued a notice stating that it has determined that adequate facilities for the safe and sanitary removal and treatment of sewage from all vessels are reasonably available for Hempstead Harbor, Nassau County, New York. The harbor is thus designated a Vessel Waste No Discharge Zone. The Environmental Protection Agency (EPA) issued a notice stating that it has determined that adequate facilities for the safe and sanitary removal and treatment of sewage from all vessels are reasonably available for Oyster Bay/Cold Springs Harbor Complex, Nassau and Suffolk Counties, New York. The harbor complex is thus designated a Vessel Waste No Discharge Zone. (Source: Holland & Knight)

SUNY Maritime to Train NYC’s Next Ferry Captains

Photo: SUNY Maritime College

NYC Ferry operated by Hornblower is teaming up with the oldest merchant marine academy in the country to deliver a world class training program before a majority of the new NYC Ferry vessels even arrive in New York Harbor. SUNY Maritime College was founded in 1874 as the New York Nautical School, the first school in the nation devoted to training merchant mariners. As part of this new collaboration between NYC Ferry and SUNY Maritime, future captains and crew will have access to SUNY Maritime’s top notch classroom facilities and experienced maritime faculty.

Seastreak New Jersey To Be Christened

Local and state dignitaries will converge on the Monmouth County waterfront to take part in the official unveiling and christening of the M/V SeaStreak New Jersey. and East 34th St. in Manhattan. The christening ceremony will be held on Monday, December 10, 2001 at 11:00 a.m. at the Atlantic Highlands Municipal Marina, Pier 6 in Atlantic Highlands. Honoring an ancient tradition and officially naming the vessel will be its Godmother, Miss New Jersey Julie Barber. Among those participating in the ceremony will be a representative of the Coast Guard Reverend Peter Larom of the Seaman's Church in Manhattan. Highlands and South Amboy have also been invited to participate in the festivities.

USCG Strengthen Inter-Agency Security Partnerships

Chief Petty Officer Bouchard, officer-in-charge at Coast Guard Station Rochester, N.Y., Officer B. Melos, a police officer for the Rochester Police Department and John Cullati, from the Mt. Pleasant Fire Department, all pla

The Coast Guard participated in a multi-agency Northern Border Initiative exercise to strengthen inter-agency security partnerships in five New York locations, Thursday and Friday. Approximately 500 people from 20 Federal, State and local agencies, as well as cross-border partners in Canada participated in the exercise. Capt. Brian Roche, commander of Coast Guard Sector Buffalo, served as lead federal official in the exercise, which was organized by the Monroe County Emergency Management Office.

Crane Collapse at Tappan Zee Bridge Spurs USCG Response

Coast Guard crews are enforcing a safety zone on the Hudson River around the Tappan Zee Bridge after a crane collapsed Tuesday afternoon. At approximately 12:15 p.m., Tuesday, Coast Guard Sector New York received a report of a partial crane collapse across the western end of the Tappan Zee Bridge, which has closed the roadway to traffic for an undetermined period of time. A crane operator was safely recovered from the water by a Westchester County Marine unit after the collapse. A Smallboat crew from Coast Guard Station New York is enforcing a safety zone around the site of the incident and will remain in place for as long as necessary.

$42M in Grants for Ferry Docks & Facilities

U.S. Transportation Secretary Ray LaHood today announced more than $42m in grants to improve ferry service and build new docks and facilities in 15 states and Puerto Rico. Congress authorized the Federal Highway Administration’s Ferry Boat Program was created to fund ferry boat projects that provide critical access to areas that lack other means of transportation where high passenger demand already exists. Program funds can be used for capital improvements to existing ferry operations which could increase the number of riders, relieve congestion or address environmental or significant operational concerns. The projects include funding…

[Update] Two Dead in Bulk Carrier Explosion

At approximately 7:45 p.m., Monday, the captain of the bulk carrier Tamar reported that a second crewmember was killed from an onboard explosion. The New York Air National Guard’s 106th Rescue Wing pararescuers arrived on board the Tamar at about 9:30 p.m., after deploying from their HC-130 with two small boats and advanced life-saving equipment. They are staying with the ship until higher medical authority can take over care of the injured crew. The Portuguese Coast Guard are scheduled to launch a helicopter and pick up the injured crew members and bring them to Ponta Delgada. They are expected to be within range of the Azores, Portugal within 24 hours.

Kartsonas Joins Seanergy Board

(Photo: Seanergy Maritime Holdings Corp.)

Dry bulk vessels owner and operator Seanergy Maritime Holdings Corp. has appointed Ioannis “John” Kartsonas as a member of its board of directors, effective May 4, 2017.  Kartsonas has more than 18 years of experience in finance and commodities trading. He is currently the Principal and Managing Partner of Breakwave Advisors LLC., a commodity-focused advisory firm based in New York. Prior to that, he held various senior positions in investment management and research focusing in shipping and commodities. He has earned an MBA in Finance from the University of Rochester. 

Penn Yan Boats Wins Contract

Penn Yan Boats has received its first municipal contract: Providing a new Pelican Bay brand patrol boat for New York's Chautauqua County Sheriff's Department. The boat contract is for a Pelican Bay model V-160 with a 70 hp Johnson outboard. Penn Yan acquired the Pelican Bay Boat company in early January 2000.

NJ Governor Christie: $11M Ferry Building Deal for Tuckahoe Shipyard

NJ Governor Christopher Christie. (Source: http://www.state.nj.us)

New Jersey Gov. Christopher Christie, State Sen. Joseph Kyrillos, Monmouth County Freeholder Director Thomas Arnone, NY Waterway President & Founder Arthur E. Imperatore and Yank Marine President & Founder John C. Yank Jr. of Tuckahoe today announced an $11 million contract to build two state-of-the-art ferries, the first NY Waterway ferries built in the Garden State since the Weehawken-based ferry service started service December 3, 1986. The new catamaran ferries, financed by NY Waterway…

Riverkeeper Commends Dumping Bill

Riverkeeper, a New York clean water advocate, commended the New York City Council for passing Int. 54-A, a bill substantially increasing penalties for illegal dumping in New York City Waters. The bill, passed unanimously by the City Council, creates a new civil penalty for dumping into the waterways where none currently exists, setting fines at not less than $1,500 or more than $10,000 for the first violation, and not less than $5,000 or more than $20,000 for each subsequent violation. “The waters of New York City are a public resource that all New Yorkers have the right to enjoy,” said Riverkeeper Attorney & Chief Investigator Josh Verleun.

Maritime Reporter Magazine Cover Apr 2017 - The Offshore Annual

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