Seanergy Maritime Holdings Corp. announced its operating results for the fourth quarter and the year ended December 31, 2009. Dale Ploughman, the Company's Chief Executive Officer, stated: "Despite the difficult market conditions we are pleased to report strong results for 2009. These results reflect our strong cash flow,
Transnet Port Terminal reports that its R5.6 billion, five-year investment plan aimed at increasing the capacity of the Cape Town Container Terminal is progressing according to schedule. Under its reconfiguration program on the long quay, the container stacking yard is being converted from a straddle
Over the weekend of 5 – 7 March, EU NAVFOR units have been involved in concerted operations to interdict and disrupt pirate action groups before they had the opportunity to pirate vessels in the Indian Ocean.Six pirate action groups have been intercepted, mother ships and skiffs have
EU NAVFOR reported that on the morning of 4 March, the 2,100 tonnes Spanish Fishing Vessel Albacan was attacked by pirates in the Indinan Ocean. The Albacan, owned by Albacora, and registered in Cadiz, was fishing half way between the Seychelles and the Kenyan coast (Mombasa) when it was approached by two pirate skiffs.
A Marshall Island flagged chemical tanker, UBT Ocean, is reported to have been hijacked on March 5, 300 nautical miles from Dar El Salam. The Norwegian owned UBT Ocean was not registered on MSCHOA. UBT Ocean has a crew of 21 and they are all from Myanmar/Burma. UBT Ocean with deadweight of 9,380 tones
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.
Canada’s Transport Minister John Baird announced that as part of Canada’s Northern Strategy, the federal government is proposing a regulated Arctic traffic zone, requiring certain vessels to report information to authorities as they pass through Canada’s northern waters. The new measures will help to ensure efficient navigation,
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,
Hamburg Süd provided the following information about the Chilean ports the company serves, following the Feb. 27 earthquake:In the north of Chile, the ports of Iquique, Antofagasta and Port Angamos are fully operational. Valparaiso : The container terminal used by Hamburg Süd,
1819- Congress authorized the revenue cutters to protect merchant vessels of United States against piracy and to seize vessels engaged in slave trade. The cutters Louisiana and Alabama were built shortly thereafter to assist in the government's efforts against piracy.1837- An Act of Congress (5 Stat.
So far this year more than 18 countries have signed up to the Paris Memorandum of Understanding (MOU) to enforce Marpol pollution regulations. Last month the EU voted to criminalize pollution offences closing the net on this area of maritime pollution. Under these new policies overboard spillage of
Hercules Offshore, Inc. (NASDAQ:HERO) reported a loss from continuing operations of $26.9 million, or $0.23 per diluted share, on revenues of $176.4 million for the fourth quarter ended December 31, 2009, versus a loss from continuing operations of $1.1 billion, or $12.90 per diluted share, on revenues of $313.
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.
Navios Maritime Partners L.P. announced that the Navios Apollon and her crew were released on Feb. 27 2010. Navios Partners reported that the Captain and crew are healthy and will be reunited with their families shortly. Navios Partners thanks the Captain, the crew and their families for their fortitude through this trying ordeal.
1876- Nuova Ottavia, an Italian vessel, grounded near the Jones Hill North Carolina Life-Saving Station. The rescue attempt by the crew of that station resulted in the loss of seven surfmen, the first deaths in the line of duty since the service began using paid crews in 1870. Among the dead was African-American Surfman Lewis White.
The ReCAAP Information Sharing Centre issued an Incident Report stating that the tug Asta, which was hijacked in the South China Sea on Feb. 7, has been found and recovered in the area of Surigao City in the Philippines. Seven suspected pirates are currently in custody. The Chief Engineer, who was taken with the tug, has also been found alive.
Now available from IMO is the 2010 edition of the International Safety Management (ISM) Code, which includes all related guidelines and consolidates all amendments to the Code adopted since the last edition was published in 2002. The 2010 edition is an essential reference for maritime administrations,
The new Yo Yo Winch, using technology from WW Patterson Company of Pittsburgh, is designed to prevent two of the most dangerous and unstable conditions in a deck-hand’s life: the snarling bird’s nest of tangled rope or wire that results when lines gets kinked or snagged, and the threat of injury from snapped cables.
According to a Feb. 25 report from Seatrade Asia Maritime News, Chinese shipbuilder JES International plunged into the red last year but remains confident on the long-term outlook for the shipbuilding industry. Singapore-listed JES reported a full loss for 2009 of $15.6m.(Source: Seatrade Asia Maritime News)
According to a Feb. 24 report from The Gazette, a sunken Canadian steamship that offered luxury cruises for decades along the British Columbia coast, then served a crucial role during the Second World War transporting troops, supplies and Jewish refugees, is now polluting the waters of a major Pacific Ocean inlet.
SGX Mainboard-listed Chemoil (SGX-ST: CHEL.SI) reported a net profit attributable to equity holders of $11.5 million for the year ended December 31, 2009 (FY2009) and a net profit attributable to equity holders of $2.9 million for the fourth quarter of 2009 (4Q2009).Reflecting Chemoil’s
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.
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:
According to a Feb. 23 report from Reuters, a U.S. Navy warship prevented an attack on a Tanzanian ship and apprehended eight suspected pirates in the process, the U.S. Embassy in Tanzania said. USS Farragut dispatched an SH-60B Seahawk helicopter to MV Barakaale 1 after it raised a distress call saying it was under attack from a gang on a skiff.
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.
Mitsui O.S.K. Lines, Ltd. announced that the company has completed a practice drill based on the scenario of its training ship Spirit of MOL being involved in a collision, fire, and oil spill incident just off Manila on February 18. Following is an outline of the drill, which involved about 60 participants
According to a Feb. 22 report from Lloyd’s List, French energy group GDF Suez has taken delivery of its newest liquefied natural gas carrier, the 154,200 cu m GDF Suez Point Fortin. The vessel is reportedly one of only three LNG carriers in the world to feature a design improvement which increases its cargo-carrying capacity by 2,000 cu m.
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
1822- Congress authorized the Revenue Cutter Service to protect the natural environment by preventing "scoundrels" from cutting live oak, needed for cutters and Navy vessels, on Florida public lands.1837-Congress called for an inspection of the coast from Chesapeake Bay to the
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,
According to a Feb. 19 report from Steelguru.com, China Knowledge quoted statistics released by the Ministry of Industry and Information Technology saying the gross output of China shipbuilding industry was $80.3b in 2009 up by 28.7% YoY. The ministry said growth was 31.1 percentage points slower than in 2008.(Source: Steelguru.com)
The ReCAAP Information Sharing Centre issued a special report on the hijacking of the tug Asta and the barge Callista (http://www.recaap.org/incident/pdf/special/2010/Special Report (Asta).pdf). An earlier report indicated that the tug and barge were probably hijacked on Feb. 6 off the coast of Malaysia while on a voyage from Singapore to Cambodia.
Statoil reported that on Feb. 18, the partners in the Gudrun license resolved to submit a plan for development and operation (PDO) of this North Sea discovery to the Norwegian authorities.“The decision marks an important milestone in the continued development of this part of the Norwegian continental shelf,
According to a Feb. 16 report from The National, Abu Dhabi Ship Building (ADSB) recorded a 38 percent rise in revenues last year to $316.1m as it booked a surge in orders from the Government to protect coastal waters and offshore installations.(Source: The National)
German shipping company Thomas Schulte is implementing the requirements of the Hong Kong Convention on Ship Recycling well in advance. Germanischer Lloyd (GL) has been contracted to issue certificates for the fleet of 33 existing and 18 new container vessels according to the new IMO Convention for the
The owner of a tug that released oily bilge water into the Columbia River last year is being penalized $21,000 by the Washington Department of Ecology. Sound Freight Lines’ tug Black Hawk discharged an estimated 150 gallons of lubricating and diesel oils while transiting near Willow Grove on the Columbia River during the morning hours of Jan.
The Central Intelligence Agency (CIA) released a redacted copy of its report on Project Azorian. This was the secret 1973-4 operation that involved raising a sunken Soviet submarine from the floor of the Pacific Ocean. In March 1968, the submarine, and armed with three long-range nuclear missiles, various nuclear torpedoes,
Crowley Maritime Corporation announced that Wendy MacDonald has been promoted to vice president of procurement, replacing Matt Jackson who has been named vice president, Caribbean island services. MacDonald will remain domiciled in Jacksonville and report to Susan Rodgers, Crowley's senior vice president of corporate services.
MARPOL Training Institute (MTI) has added an online capacity to access their training software. With MTI’s new website for online training (http://marine-npdes.com) utilizing these training programs is fast, convenient and available to officers and crew. Meeting MARPOL Standards (MMS) Officer