BW Group Delivers First VLCC TO DHT
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…
Oil Refiner Bound to Goldman, Deutsche Fee Agreements - NY Judge
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…
Frontline Takes Legal Battle over DHT to Marshall Islands
John Fredriksen's Frontline is switching its legal battle for control of tanker operator DHT Holdings from New York to the tiny Marshall Islands after making a fifth offer for the company this week. Frontline, controlled by Norwegian billionaire Fredriksen and owner of a 14.5 percent stake in DHT, has over the past year tried to acquire all of DHT's shares to forge the world's largest shipping tanker company. On Tuesday it made another all-share offer -- 0.8 of a Frontline share for each DHT share -- and set a 24-hour deadline for DHT to respond to the $500 million offer.
US Court Rejects Frontline's Bid to Stop BW-DHT Deal
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…
Marshall Islands Court Sets Date for Frontline Case against DHT
Oil tanker firm Frontline said on Friday the high court in the Marshall Islands has agreed to hear on May 17 its complaint against takeover target DHT Holdings, which is incorporated in the remote Pacific republic, over a rival deal with BW Offshore. Frontline, controlled by Norwegian-born billionaire John Fredriksen and owner of a 14.5 percent stake in DHT, has been trying for the past year to take over its New York-listed rival and is opposing what it called "unfair transaction…
Monroe County to Conduct Maritime Security Exercise
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
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.
Bowles Named Director of Donald L. Blount & Associates
Naval architecture and marine engineering firm Gibbs & Cox, Inc. has appointed Jeffrey B. Bowles as Director of its Chesapeake, Va. division, Donald L. Blount & Associates (DLBA). Bowles joined DLBA in 2001 as a Webb Institute Naval Architect and earned a master's degree in Marine Engineering from the University of Newcastle Upon Tyne. He was promoted to DLBA Technical Director in 2011. Bowles is a licensed Professional Engineer in the states of Virginia, Florida and New York, and is a certified Project Management Professional.
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)
NAT Announces Public Offering of USD 100mln
Nordic American Tankers (NAT) announced an underwritten public offering of $100 million of its common shares pursuant to the Company’s effective shelf registration statement. At the Company’s request, the underwriters have reserved for sale an aggregate of approximately $1.2 million of its common shares for certain members of the Company’s board of directors, management and advisors, which includes approximately $1.0 million to be purchased by the Company’s Chairman and Chief Executive Officer and his immediate family.
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.
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.
USCG Strengthen Inter-Agency Security Partnerships
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.
$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…
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
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.
Glosten to Design Electric Ferry for Skagit County
Washington’s Skagit County has selected Seattle based naval architecture and marine engineering consultancy Glosten to design a new all-electric vehicle/passenger ferry. The new ferry will replace M/V Guemes, which has provided service between Anacortes and Guemes Island, Wash. since 1979, and is now nearing the end of its economic useful life. With a capacity of 99 passengers and 21 vehicles, the vessel forms a primary mode of transit for residents of and visitors to Guemes Island. “This ferry is a critical transportation link in our community,” said Captain Rachel Rowe, Ferry Operations Division Manager. Skagit County has a vision of replacing the aging Guemes with an all-electric vessel.
Two Rescued from Disabled Boat near Niagara Falls
The U.S. Coast Guard (USCG ) rescued two people from a disabled boat near Niagara Falls late Monday night. At about 9:15 p.m., a search-and-rescue (SAR) coordinator from USCG Sector Buffalo, New York, responded to a call for help from the boaters via cell phone. The distressed boater reported two people were aboard a disabled 19-foot boat, 700 yards inside the Niagara Falls Exclusion Zone. The boater also reported that the boat was anchored. The Sector Buffalo SAR coordinator issued an urgent marine information broadcast, which broadcasts the location and nature of distress to mariners and asks who can offer help if they are able. The SAR coordinator also launched a rescue boat crew from Coast Guard Station Buffalo aboard a 25-foot response boat…
Fratelli Cosulich Expands with Dublin Freight Office
Multi-faceted shipping group Fratelli Cosulich has expanded its freight forwarding business by opening an office in Dublin, Ireland. The move follows fast growth in its freight forwarding and NVOCC operations which operate from bases in Heathrow, Felixstowe, Izmir, Istanbul, New York, Shenzen and now Dublin. Fratelli Cosulich will move freight of all types by road, sea and air and expects its Dublin office to have balanced import and export traffic. The Dublin office details are: Fratelli Cosulich (Ireland) Pte 68 Applewood Village Swords County Dublin
Tug Catches Fire
According to reports, Pacific Reliance, a tug owned by Crowley Towing, was pushing a barge on the Hudson River when it experienced an engine compartment fire. The ATB had a load of 51,000 barrels – over 2.1m gallons – of ethanol. It has the capacity to carry 108,000 barrels. It is said the vessel was on its way from Albany to Baltimore. New Hamburg was assisted by City of Newburgh and City of Kingston firefighters; they were also assisted by boats from White’s Marina and a small tug from New York Trap Rock, the New York State Department of environmental Conservation, Dutchess County Sheriff and US Coast Guard. The ATB, the first in a series of six, was built by VT Halter Marine and christened less than two months ago. Source: Mid-Hudson News
New Search and Rescue Patrol Aluminum Catamaran Delivered to Monroe County New York
Mission Marine, Ltd. delivered its Mission 338 (29’ x 11’5”) Pilot House Model to Monroe County Sheriff Marine Patrol in late August located in Monroe County on the banks on the Genesee River, Rochester, New York. The aluminum catamaran will be used in a variety of missions including search and rescue, patrol, homeland security, drug intervention, and escorting the high speed ferry owned by City of Rochester , and to assist the Coast Guard and Border Patrol. This Mission Marine vessel will complement their fleet for rough water missions on Lake Ontario . An independent marine professional was hired by the County of Monroe to do extensive research for their new vessel.
Iowa Specifies Operating Location
House File 103, introduced by Rep. Gary B. The measure was referred to the State Government Committee. In New York, S. 1399, introduced by Sens. Frank Padavan (R), Joseph R. Holland (R), Kenneth P. LaValle (R) and John J. Marchi (R), would prohibit gambling "cruises to nowhere" from New York. The prohibition would not apply to gambling activity conducted on vessels traveling to New York from a foreign nation or another state, up to point of first entry into New York waters. Nor would it apply to vessels traveling from New York to a foreign country or another state, starting from the point of departure from New York waters. The measure was referred to the Codes Committee. General Bill 3002 would prohibit gambling on "cruises to nowhere" from South Carolina.