BMT Group Ltd (BMT), the international design, engineering and risk management consultancy, has announced another strong financial performance for the year to 30 September 2012. By focusing on markets where it can deliver high-value customer solutions, revenues from BMT’s continuing businesses rose 22% to £156m and underlying operating profits increased to £13.7m, a proportion of [...]
May 21, 2013 | Posted in
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Greek Shipping Minister, Kostis Moussouroulis revealed in his recent official visit to China that the Greek shipowners had placed an order for 142 newbuildings at Chinese shipyards. According to Official Chinese news agency Xinhua, the Minister said that, the order, which was signed last month, represents 60% of all Greek newbuilding orders placed worldwide. Greek [...]
Paragon Shipping Inc., a global shipping transportation company specializing in drybulk cargoes, announced yesterday that it has signed an agreement for a $69 million credit facility with China Development Bank to partially finance its two 4,800 TEU containerships currently under construction, that are expected to be delivered in the second quarter of 2014. The Company [...]
NOAA presented to the U.S. Coast Guard today a new report that finds that 36 sunken vessels scattered across the U.S. seafloor could pose an oil pollution threat to the nation’s coastal marine resources. Of those, 17 were recommended for further assessment and potential removal of both fuel oil and oil cargo. The sunken vessels [...]
May 21, 2013 | Posted in
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The release earlier this month of an official Chinese government report showing that the threats that country faces come mostly from the sea serves to underscore the importance of safeguarding national security through effective maritime security—including state-of-the-art counter-piracy efforts, said Commander Nicholas-Andrew Iliopoulos, who is the Senior Business Development Manager for AdvanFort Company, in the [...]
The Board of Directors of COSCO Corporation (Singapore) Limited today announced that subsidiaries of the Company’s 51% owned COSCO Shipyard Group Co., Ltd have made the following deliveries: 1. COSCO (Guangdong) Shipyard Co., Ltd has delivered a bulk carrier of 35.000 DWT, “CHIOS LUCK”, to its European buyer. The bulk carri er measures 179.99 meters [...]
May 20, 2013 | Posted in
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Norden A/S, an independent shipping company headquartered in Copenhagen, Denmark, has extended its agreement with Harris CapRock Communications to provide broadband communications to Norden’s global fleet of 39 bulk carrier and tanker vessels. The agreement expands an initial contract awarded in March 2012 to support 39 vessels. Harris CapRock will provide each Norden vessel with [...]
May 20, 2013 | Posted in
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Shipowners pleas for greater clarity on what to do when there are no adequate port reception facilities to receive residues including Hold Washing Water (HWW) from cargoes deemed “Harmful to the Marine Environment” (HME), have been substantially answered after an important decision at the IMO Marine Environment Protection Committee held on 13-17 May. With effect [...]
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VT Halter Marine Inc., a subsidiary of VT Systems Inc., on Thursday announced the arrival of a 12,000 MT Floating Dry Dock transported by a heavy lift vessel from the Philippines. The dock dimensions are LOA- 546 FT x B 128.5 FT x D 46 FT. The dry dock is part of an overall expansion [...]
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Maersk won the IMO 2013 themed award: “Sustainable Development – IMO’s contribution beyond Rio+20” in support of the IMO’s theme for World Maritime Day for 2013, at the 25th annual Seatrade Awards ceremony held in London recently. The award ceremony was held at the historic Guildhall, London, on Friday, 10 May, with over 350 of [...]
May 20, 2013 | Posted in
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