Concateno, a European chemical, drug and alcohol testing provider, has been selected by Norwegian shipping company, Seatrans AS, to monitor the potential exposure of its seafaring crew to benzene. Concateno provides a unique service for monitoring personnel for benzene, and its maritime test service
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced that it has taken delivery of Imperial Eagle, a Future-56 class, 56,000 dwt Supramax dry bulk vessel. The vessel has entered into a one-year time charter tied to the Baltic Supramax Index (BSI), ensuring Eagle participates directly in strong rates in
A New Weekly Ocean Service to Haiti, operated by America Cargo Transport Corp., has been established with U.S. flag vessels and crews. The service loads every Friday/Saturday in Jacksonville, Fla. to Port-au-Prince, and/or Cap Haitien, Haiti. The service is accepting cargo booking requests for commerical cargoes, NGOs and Non-Profits.
Global Ship Lease, Inc. (NYSE:GSL)(NYSE:GSL.U)(NYSE:GSL.WS), a containership charter owner, announced its unaudited results for the three months ended December 31, 2009.Fourth Quarter and Full Year 2009 Highlights:- Generated $16.5 million of cash in the fourth quarter of 2009 up 29% on $12.
Overseas Shipholding Group’s Q4 2009 results were aided by an unexpected tax credit. OSG reported a loss of $0.59 excluding one-time items versus our ($1.02) forecast and the Street’s ($1.25) forecast. However a $30.5 million tax credit for 2009 against 2004 earnings led to the earnings beat,
Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, announced its results for the fourth quarter of 2009 and year ended December 31, 2009.Fourth Quarter 2009 Highlights:- Net loss of $16.
Engine manufacturers and their engineer teams have put a great deal of thought and money into reducing emissions in recent years. As limitations, particularly in the U.S. and Europe became more stringent, the engineers tuned the engine design with everything from electronic injectors to redesigned combustion chambers.
Excel Maritime Carriers Ltd (NYSE: EXM), an owner and operator of dry bulk carriers and a leading international provider of worldwide seaborne transportation services for dry bulk cargoes, announced its operating and financial results for the fourth quarter and year ended December 31, 2009. <br
Transocean Ltd. (NYSE:RIG) reported net income attributable to controlling interest for the three months ended December 31, 2009 of $723 million, or $2.24 per diluted share, on revenues of $2.733 billion. The results compare to net income attributable to controlling interest of $754 million, or $2.35 per diluted share, on revenues of $3.
The U.S. Coast Guard issued a final rule establishing the rates for pilotage services on the Great Lakes. With effect from August 1, the rates will increase by an average of 5.07%. 75 Fed. Reg. 7958 (February 23, 2010).(Source: Bryant’s Maritime News)
Star Bulk Carriers Corp. (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced its unaudited financial and operating results for the fourth quarter and the year ended December 31, 2009. Akis Tsirigakis, President and CEO of Star Bulk commented:
Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, reported financial results for the fourth quarter and year ended December 31, 2009. Angeliki Frangou, Chairman and CEO of Navios Holdings, said, "Our industry entered 2009 facing challenges virtually without precedent.
The development of the Damen Stan Tug range of workboats has a history that dates back to the formation of Damen Shipyards in 1969. In those early days, among the most important standard designs for serial production were the Pushy Cat and original versions of the Stan Tug. The Pushy Cat and the Stan
Dockwise Reported Financial highlights Q4 2009Adjusted EBITDA of USD 42.1 million, with margin at 36% (Q3 2009: 43%);Net profit of USD 2.8 million before non-recurring items: Deal & financing-related net cash costs of USD 4.6 million Non-cash
SEACOR Holdings Inc. (NYSE: CKH) announced its results for the fourth quarter of 2009. Net income attributable to SEACOR Holdings Inc. for the quarter ended December 31, 2009 was $22.2 million, or $1.04 per diluted share, on operating revenues of $476.5 million. During the fourth quarter,
Container shipping line APL announced plans for a general rate increase in the Intra Asia trade. The proposed increases will affect all trade from the Far East to India and Pakistan. The rises will be $100 per 20 ft container and $200 per 40-ft container and are effective 1 March 2010.<br
SeaArk Marine, Inc. recently completed the first two boats of a five boat contract for the Haiti Coast Guard. The vessels were purchased through the Global Peace and Security Fund, administered by the Department of Foreign Affairs and International Trade (DFAIT), through the Canadian Commercial Corporation (CCC).
Wärtsilä has been awarded a contract by DSD Shipping AS of Stavanger, Norway to retrofit the main engines on four DSD Shipping vessels with the Wärtsilä Retrofit Pulse Lubricating System. The Retrofit Pulse Lubricating System (RPLS) is designed to lower the oil feed rate to the engine,
In late December 2009, the YT 802 Valiant, first of the new series of Z-Tech 4500 Class tugs for the United States Navy Pilots operating in Puget Sound in Washington State was handed over to her eager Owners. After a shakedown period and crew training she was placed into active service in early February 2010.
A rebounding steel industry has helped the U.S.-Flag Great Lakes fleet get off to a positive start in 2010. Cargo moved in U.S.-Flag lakers in January totaled 2.4 million tons, an increase of 156 percent compared to a year ago. The bulk of those cargos was iron ore for steel production. Shipments topped 1.
Hornbeck Offshore Services, Inc. (NYSE:HOS) announced results for the fourth quarter ended December 31, 2009. Following are highlights for this period and the Company's future outlook: -- Company initiates 2010 EBITDA and earnings guidance -- Contract backlog for new generation OSV vessel-days at 56% for 2010,
Northrop Grumman Corporation (NYSE: NOC) has received a full-rate production contract from the U.S. Naval Sea Systems Command for its AN/SPQ-9B shipboard radar systems, which will enhance detection and tracking of high-speed threats such as sea-skimming anti-ship missiles.Under the fixed-price $26.
Eagle Bulk Shipping Inc. (Nasdaq:EGLE) announced that it has taken delivery of two additional vessels, Thrasher and Avocet, from its newbuild program. The addition of these two vessels brings Eagle Bulk's total on-the-water fleet to 32 vessels.The Thrasher and Avocet have each entered into nine year time charters.
Commenting on Bourbon’s 2009 annual revenue results, Jacques de Chateauvieux, Chairman & Chief Executive Officer of Bourbon said: “With 71 new units coming into the fleet in 2009, annual revenues from Bourbon owned Offshore vessels alone saw growth of 27%, while the need for chartering
American Commercial Lines Inc. (NASDAQ: ACLI) announced results for the fourth quarter and year ended December 31, 2009. Revenues for the quarter were $226.9 million, a 16.4% decrease compared with $271.6 million for the fourth quarter of 2008. The decrease in revenue in 2009 was primarily due to changes
1840- A House resolution was introduced to inquire into transferring the Revenue Marine to the Navy. 1940-CGCs Bibb and Duane became the first vessels to make radio transmissions as "weather stations."1992- Retired Coast Guard Chief Journalist Alex Haley, internationally
Waxler Transportation Co. has taken delivery of the final towboat in a series of five 99 by 35-ft, 3200 hp pushboats. The latest sister, the M/V Helen Merrill, made her maiden voyage for Secors inland transport subsidiary in mid-January 2010. Each of the vessels has a pair of Cummins
Keppel Offshore & Marine Ltd’s (Keppel O&M) specialized shipbuilding arm, Keppel Singmarine Pte Ltd (Keppel Singmarine) has clinched three newbuilding contracts totaling about $98.5m. The first contract was awarded to Keppel Singmarine by Dutch dredging and marine contractor, Royal Boskalis Westminster N.
The Italian shipowner Ciane Spa has purchased a second double-hull bunker tanker from the Turkish shipbuilder Çiçek Shipyard. The vessel is due to be handed over to the Italians at the beginning of February and will start bunkering operations immediately.In May 2009, Çiçek delivered Chem Flower,
The Federal Maritime Commission (FMC) issued a notice stating that it will meet in open session in its offices on February 10 to consider, among other things, a petition from the National Customs Brokers and Forwarders Association of America for exemption from mandatory rate tariff publication. (2/3/10).
Northrop Grumman Corporation (NYSE: NOC) reported Q4 2009 net earnings of $413 million, or $1.31 per diluted share, and 2009 net earnings of $1.7 billion, or $5.21 per diluted share. In 2008, the company reported a fourth quarter net loss of $2.5 billion, or $7.75 per diluted share, and a net loss for the year of $1.
Access to INTERTANKO's Terminal Vetting Database (TVD) is now available to those who are tanker owners/operators, terminal owners/operators, PSC authorities and others with a legitimate interest in improving safety, but who are not Members or Associate Members of the Association. Access to the TVD continues to remain free of charge,
Krishnapatnam Port achieved a record discharge rate of 42,527 MT of coal in 24 hrs for vessel MV Marina berthed on Jan. 24, 2010. A few days prior to that, the port achieved its highest fertilizer discharge rate of 21,200 MT in 24 hrs for vessel MV Ghent Trader on Dec. 26, 2009. Another record was set when port has loaded 5,
CNOOC Limited announced a summary of its business strategy and development plan for the year 2010. The total targeted net production of the company in 2010 is 275 million to 290 million barrels of oil equivalent (BOE) (assuming with WTI at $75/barrel). The company’s net production for 2009 is
As part of the National Shipbuilding Research Program’s (NSRP) core mission to reduce the costs associated with Navy shipbuilding and repair, the NSRP Executive Control Board has selected 14 new research and development projects for award, totaling approximately $1.2M. These projects will be executed
Navios Maritime Holdings Inc. (NYSE:NM) , a global, vertically integrated seaborne shipping and logistics company, announced the delivery of a new build Capesize vessel and the agreement to acquire another new build Capesize vessel.The Navios Antares, a 169,059 dwt Capesize vessel, was delivered
Bisso Marine, a provider of energy and maritime support services, announced that Taylor King is the winner of the annual Bisso Marine Safety Award Drawing. King was selected from a pool of 220 eligible employees.To be eligible for the drawing, an employee must be employed by the company
Viking Life-Saving Equipment announced the company's 50th Anniversary, as well as the 50th Anniversary of its chairman of the board Tage Sørensen on February 1, 2010. The company's international expansion was launched in 1977 with the establishment of a foreign subsidiary in Rotterdam.
Green Star Products, Inc. announced that it has received the final report on a fuel savings test conducted on a Greek shipping vessel. The tests were conducted using Green Star's Diesel Fuel Energizer (DFE) added to fuel tanks. Tests were performed on two Caterpillar Ship Engines Model 3412 (rated at
Globus Maritime Limited (AIM: GLBS) (LSE: GLBS), a marine transportation company that owns and operates Handymax and Panamax dry bulk vessels, announced that a subsidiary of the company has entered into a new time charter agreement for the M/V Tiara Globe with Transgrain Shipping at a gross rate of $20,