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Tuesday, January 23, 2018

Nordic Tugs News

ALGAE-X Now Standard Equipment On All New Nordic Tugs

Algae-X International has announced its agreement with Nordic Tugs - the Ed Shelton designed and manufactured boats - to integrate the ALGAE-X's Fuel Decontamination Technology into the fuel systems of their diesel powered vessels. Shelton is incorporating ALGAE-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. ALGAE-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure.

Algae-X Standard Equipment on All New Nordic Tugs

Algae-X International has announced its agreement with Nordic Tugs, to integrate the Algae-X Fuel Decontamination Technology into the fuel systems of the company's diesel-powered vessels. Mr. Shelton is incorporating Algae-X technology with traditional filtration to fulfill his goal of providing owners of Nordic Tugs with maximum reliability systems. Algae-X provides Optimal Fuel Quality and Peak Engine Performance and prevents fuel filter clogging and engine failure. Algae-X has also been made available to current owners of Nordic Tugs through meetings at their annual rendevous which was held this year at Sanibel Island, Fla., and at the West Marine-sponsored TrawlerFest in Melbourne…

Coast Guard, Rescue Tug Bail Out Boat at Neah Bay

The Coast Guard and the state-funded rescue tugboat at Neah Bay rescued a sinking fishing boat in the bay, reported the Seattle Times. The 70-ft. boat Kristena Rose, with up to 5,000 gallons of fuel on board, was taking on water in its engine room while stopped at Makah Marina. A Coast Guard boat and the rescue tugboat responded and used pumps to get rid of the water. The pumping allowed some oil from the engine room to escape, and the Makah tribe is helping with the clean-up. The Coast Guard also had another rescue Tuesday, helping an elderly couple whose Nordic Tug had ran aground near Bellingham. The 37-ft. Augenblick got stuck at the south end of the Swinomish Channel.The Coast Guard launched a boat and transported the couple back to shore. Source: Seattle Times

Nordic American Tankers Signs TC with Cepsa

Photo: Nordic American Tankers

Nordic American Tankers has announced that it entered into an one-year term charter with the major Spanish oil company Cepsa for a ship. The company says  is the 2004 built Nordic Castor is expected to be delivered on the time charter in late February for a contract of up to 15 months. "She is expected to be delivered on the time charter late February, subject to a satisfactory inspection in next discharge port. The fact that NAT has only one million barrel suezmax ships allows us to achieve economies of scale. The agreed rate secures a good cash flow," said a company statement.

Crystal Nordic Sold to Essberger Tankers

Photo: Nordic Tankers A/S

Nordic Tankers and Embarcadero Maritime (a joint venture between Borealis Maritime and KKR) have signed and closed an agreement to sell the jointly held company Crystal Nordic to John T. Essberger in Hamburg, a leading owner and operator of chemical tankers in Europe. Crystal Nordic was established following the combination of Nordic Tankers’ inter-European stainless steel chemical tanker business with Crystal Pool in 2015. The parties have agreed not to disclose any financial information.

New Tug Named for KT-Maritime Services

RT Raven (Photo: KT- Maritime)

A naming ceremony was held for RT Raven in Sharjah, UAE, where the new tug was built at the Albwardy Damen yard. RT Raven is managed by KT-Maritime Services Australia, owned by the KOTUG group, and will be deployed by ConocoPhillips in the Bayu Undan field, north of Australia. The ART 100-46 class Rotor tug is designed by Robert Allan Ltd and DAMEN Hardinxveld. The RT Raven will provide offshore services, towage assistance, personnel transfer and standby duties at ConocoPhillips’ Bayu Undan field in the Timor Sea.

Nordic Tankers Joins Nordic Exchange

Nordic Tankers, a Danish shipping company, has its starting point back in 1984. The company cooperates with many other companies within the international shipping industry. Nordic Tankers is Listed on the Copenhagen Stock Exchange joins the Industrials Sector on the Nordic Exchange. Nordic Tankers has experienced a significant growth in terms of earnings and capital. The earnings raised in connection to the listing on the Nordic Exchange will be used to develop the company further. Today the fleet of Nordic Tankers includes product tankers and special tankers. The company is already building more vessels. A round lot of shares in Nordic Tankers, whose short name is NORDIC, amounts to 100. The company is registered in the Industrials sector and is a Small Cap company.

HATLAPA Supplies Winches to Emergency Tug

HATLAPA is playing an active role in helping to protecting our coastlines. The manufacturer‟s experience in the development and production of steering gear, compressors, deck machinery and offshore winches has led to a 2.5 million Euro order for deck machinery, steering gear and compressors for the Nordic. Initiated by the German Federal Ministry of Transport, the construction of the emergency tug vessel was undertaken by three ship owners in the German Bight – Bugsier, Fairplay Towage and Unterweser – joined by Wiking Helikopter, a local specialist helicopter company.

Nordic Shipholding's Establishses JV

Nordic Shipholding A/S has been informed that Pacific Alliance Group (“PAG”), which controls Nordic Shipholding’s majority shareholder, Nordic Maritime S.á r.l., has entered into an agreement with BW Group regarding the establishment of a joint venture to target a consolidation in the product tanker market. Nordic Shipholding is not a party to the agreement. It is too early to say what the consequences of this agreement will be, if any, for Nordic Shipholding. Nordic Shipholding will discuss this with PAG in the time to come.  

Nordic Tankers joins forces with Borealis Maritime

NordicMarianne. Photo: Nordic Tankers A/S

Nordic Tankers and Borealis Maritime Ltd has announced the intention to form a jointly held company, Crystal Nordic A/S – a strong player in the short-sea, ice class chemical tanker trade in the Baltic and North-Western European market. Crystal Nordic A/S will be owned on a 50/50 basis by Nordic Tankers and Embarcadero Maritime (Borealis Maritime). The new company will take over the respective ice classed stainless chemical tankers businesses from its owners, which currently operate under the Nordic Tankers and Crystal Pool trade names.

Crowley Orders ATB at Bollinger

(Image: Crowley)

Crowley Fuels LLC has signed a contract with Bollinger Shipyards for the construction of a new 100,000-barrel-capacity articulated tug-barge (ATB) to transport multiple clean petroleum products in the Alaska market. The Alaska-class vessel will be built at Bollinger Marine Fabricators Shipyard, in Amelia, La., with an expected delivery in the fourth quarter of 2019. The build contract includes an option for a second ATB. Once built and deployed, Crowley will operate the ATB under a long-term charter with Alaska-based Petro Star Inc.…

Suezmax Tanker Delivered to NAT

Nordic American Tankers Limited (NAT) has today taken delivery of Nordic Castor, the second of four secondhand Japanese-built Suezmax tankers acquired in May 2016. The first of the four vessels, Nordic Luna, was delivered June 1, and the third vessel is expected to be delivered near the end of June 2016 or early July, followed by the fourth vessel soon thereafter. The four Cayman-flagged tankers – Nordic Luna, Nordic Castor, Nordic Pollux and Nordic Sirius – built between 2000 and 2004, were purchased for the aggregate price is $106 million and will each be employed immediately upon delivery. With these four vessels, NAT Suezmax fleet stands at 30, including two newbuildings from Korea, scheduled for delivery in August 2016 and January 2017.  

Nordic Tankers, WOMAR establish “Nordic Womar” JV

Nordic Tankers A/S and WOMAR Logistics Pte. Ltd. have reached an agreement to establish a jointly owned independent pool management company with the name of “Nordic Womar”. Nordic Womar will initially manage two pools of coated chemical tankers with a total of approximately 40 vessels in the 10,000 to 25,000 deadweight tonnes (dwt) segment. The agreement is made in continuation of the joint marketing agreement that commenced 1 June 2010, where Nordic Tankers and WOMAR started marketing each others' coated chemical tankers in the range of 10,000 to 17,000 dwt in their individual areas of primary marketing strength. The marketing agreement combined Nordic Tankers’ strength in the West with WOMAR's strength in the East…

Statoil Claims Mokul Nordic for North Sea Charter

Mokul Nordic

Nordic Maritime’s latest fleet addition wins first work with energy giant. Nordic Maritime has announced its newest DP2 vessel, Mokul Nordic, has been contracted for a 30 days firm plus an optional 15 days charter in the North Sea by international energy provider Statoil. “At Nordic Maritime, we are delighted to have won our inaugural contract with Statoil in 2014, the year in which we celebrate our 15th anniversary,” said Kjell Gauksheim, Nordic Maritime CEO. Mokul Nordic is a DP2 VS470 MKIII subsea service vessel capable of ROV / IMR operations.

Tug Explosion Kills Three in Kentucky

A tug boat explosion has left three people dead and numerous others injured on the Tennessee River in Calvert City, Ky. Authorities said the tug was undergoing repair in drydock when an explosion occurred inside the vessel around 9 a.m. on Friday. Three were pronounced dead at the scene and numerous others were transported for injuries that range from non-life threatening to life-threatening. Kentucky State Police said an investigation is ongoing, although there is no early indication of foul play being involved in the explosion. The U. S. Coast Guard is on scene, along with state and local responders.

NAT Names 2 New Tankers in South Korea

Mr. and Mrs. Yean Sin Kim, Siv Helset, Marianne Lie, Mr. Herbjørn and Mrs. Solveig Hansson. (Photo: ©Thorbjørn Damhaug)

wo new tankers, Nordic Star and Nordic Space, were named August 24 for owner Nordic American Tankers Limited (NAT). NAT founder and chairman Herbjørn Hansson was present at the naming ceremony, along with the chargé d'affaires a.i. of the Norwegian Embassy Marianne Damhaug, and the ships' two sponsors, Nordic American Offshore Ltd. executive vice chair Marianne Lie and Siv Helset, a Norwegian lawyer with experience with legal counseling in the industry. Ordered by NAT in December 2014, the two ships were built by South Korean shipbuilder Sungdong.

Nordic Seaarland Names New Carriers

Nordic Seaarland Tankers BV has named two new 37,500 dwt product/chemical tankers building at Korea's Hyundai Mipo yard. Mt Nordic Agnetha was delivered on 8th May 2009, while Mt Amy will be delivered in July. Both vessels will be managed by Netherlands-based Seaarland Shipping Management, and will be entered into the Handytankers pool. The two vessels bring the fleet of the Nordic Seaarland joint venture to five modern product/chemical carriers. Nordic Seaarland Tankers BV is a joint venture company established in April 2006 between Seaarland and Nordic Tankers to own modern product tankers.

Nordic Shipholding to Exercise Divestment Option

Nordic Shipholding A/S decides to exercise its option agreement with Nordic Tankers Shipowning A/S and Clipper Group A/S. The option agreement referred to was dated 28, March 2012. In connection with the divestment of the chemical tanker activities in Nordic Shipholding A/S as referred to in company announcement no. 1/2012 and no. 5/2012 a vendor note with a total principal of USD 20,000,000 was issued by Nordic Tankers Shipowning A/S in favour of the company. The option allows Nordic Shipholding A/S to assign the vendor note to Clipper Group A/S against the termination of the company's obligations towards Clipper Group A/S in an aggregate amount of USD 15,000,000. Exercising the option will result in a loss of approximately USD 5 million for 2012.

Nordic Prince Chartered by Noble Energy

MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince

Nordic Maritime, a leading offshore service operator, today announced its MKIII subsea service vessel Mokul Nordic has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel. Nordic Maritime was awarded a five year charter for the DP2 IMR Subsea vessel, from Noble Energy, the international oil services group, in October. “We are glad to announce that our vessel, Nordic Prince had arrived at Haifa Port and on-hire for the highly reputable international oil company, Noble Energy.

Nordic Prince On-hire in Israel for Noble Energy

Photo: Nordic Maritime

Nordic Maritime’s MKIII subsea service vessel, Mokul Nordic, has been renamed Nordic Prince and has started a long term charter for Noble Energy after arriving in Haifa, Israel. Nordic Maritime was awarded a five-year charter for the DP2 IMR Subsea vessel from Noble Energy in October. “We are glad to announce that our vessel Nordic Prince had arrived at Haifa Port and on-hire for the highly reputable international oil company, Noble Energy,” said Kjell Gauksheim, Executive Director of Nordic Maritime.

Nordic Shipholding Sells Chemical Tanker Activities

Nordic Shipholding A/S completes sale of chemical tanker activities. In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012, Nordic Shipholding A/S (formerly Nordic Tankers A/S) today has completed the sale of its chemical tanker activities to a company controlled by Triton, a European investment company. The acquiring company has today changed name to "Nordic Tankers A/S".  

Nordic Maritime Takes Majority Stake in Nordic Shipholding A/S

In a major shareholder announcement Nordic Shipholding A/S informs that Nordic Maritime S.à r.l. As a consequence of the restructuring, Nordic Maritime and the Company’s lending banks have converted debt for a total amount of approximately USD 72.1 million into new shares and Nordic Maritime has contributed an additional USD 2 million in cash for new shares in the Company. As announced earlier by Nordic Shipholding, board members Erik Bartnes, Mogens Buschard and Saravana Sivasankaran would resign their position as board members upon completion of the restructuring. Consequently, the board of directors now consists of Knud Pontoppidan (chairman), Kristian V. Mørch, Anil Gorthy, Jon Lewis and Philip Clausius.

Nordic Wins with Noble

DP2 IMR Subsea vessel - Mokul Nordic

Nordic Maritime, a leading offshore service operator, today announced a five year time charter for its DP2 IMR Subsea vessel, Mokul Nordic, which has been awarded by Noble Energy, the international energy provider. “At Nordic Maritime, we are delighted to have won this long term charter contract directly with a highly reputed international oil company, Noble Energy. This is a major achievement for us and together with our co-owner of this vessel, MDL Energy, we see this as a potential to grow our fleet of medium size IMR Subsea vessels in the years going forward” said Kjell Gauksheim…

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