Chantier Davie Canada Inc. (Davie) yesterday announced the conclusion of a two ship order from La Société des traversiers du Québec (STQ). The two dual-fuel LNG Ro-Pax ferries will operate on the St. Lawrence River on the Tadoussac-Baie-Sainte-Catherine route and shall enter service in 2015. Alan Bowen, CEO of Davie commented: “This project has been [...]
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Recent analysis by energy research firm Zeus Development Corporation has identified International Organization of Standardization (ISO) intermodal tanks as an important enabling technology for marine operators to switch from petroleum fuels to natural gas. The marine industry is accustomed to transporting and storing ISO containers for general freight and bulk liquids. Specialized insulated containers increasingly [...]
Seadrill Limited has today completed the previously announced transaction to sell the T-15 tender rig to Seadrill Partners. The agreed upon sale is for a total price of US$210 million, less approximately US$100 million of debt outstanding under the credit facility secured by the T-15. The balance of the total consideration is being financed with [...]
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Marine electronics specialist MARIS AS has completed an ECDIS (electronic chart data information systems) technical training programme to enhance support services covering North America and the Caribbean. The initiative is part of its commitment to the Global Distribution & Service Agreement with IMTECH MARINE. Engineers in IMTECH MARINE’s service network covering US and Caribbean ports [...]
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The Whitefish Bay, CSL’s second of four Trillium Class self-unloading Lakers destined to operate in the Great Lakes and St. Lawrence Seaway, set sail on May 16th on her maiden voyage. Departing from Chengxi Shipyard in Jiangyin, China, she will cross the Pacific Ocean transiting through the Panama Canal before arriving in Montreal, Quebec. The [...]
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Wilson Sons Limited (WSON11) announced its results for the First Quarter, according to which the Company’s net income reached USD 19.5 million, primarily due to strong performances in the Towage, Offshore Vessels, and Shipyard businesses. “Despite soft exports, we delivered a strong first quarter in terms of cash generation, with bottom-line margins growing significantly,” said [...]
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The US Navy accepted delivery of the first Mobile Landing Platform, USNS Montford Point (MLP 1), from General Dynamics-NASSCO on May 14, in San Diego, Calif. The Mobile Landing Platform is a new class of ship and highly flexible platform that will provide capability for large-scale logistics movements such as the transfer of light and [...]
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The revelation this week that the owner of an Algerian cargo ship whose crew was held by Somali pirates paid them $2.6 million in ransom is yet another indication that the rewards these denizens reap for their illegal, life-threatening work remain a serious stumbling block to ending maritime organized crime, according to AdvanFort Company President [...]
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Eagle Bulk Shipping Inc. announced on May 15th its results for the first quarter ended March 31, 2013. For the first quarter of 2013, the Company reported net income of $1.4 million compared with net loss of $17.4 million, for the comparable quarter of 2012. In the comparable first quarter of 2012, the Company reported [...]
Though only in its fourth year, the annual U.S. Maritime Industry Congressional Sail-In has become a signature event in the nation’s capital. Earlier this month, the Seafarers International Union (SIU) officials helped make the 2013 gathering another success, as 135 participants from all segments of the industry were involved in 157 meetings with members of [...]
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