The Fednav Group was presented with the coveted IBJ award for Bulk Ship Operator of the Year at a gala dinner organized by the International Bulk Journal and held at the Elysée Hotel in Hamburg last night. This award highlights Fednav’s contribution to maritime trade, as well as its leadership in th
Northern Offshore Ltd. announced Tuesday that the company has received early notification from Maersk Oil and Gas that the Energy Endeavour will be released at the end of the well in progress on May 1, 2013. The rig’s accommodation unit does not meet new Danish Energy Authority requirements and its
Drydocks World, one of the leading maritime service providers had extensive discussions with top management personnel of Samos Steamship, a well-established ship managing company based in Greece with a tradition in sea transportation since 1875. A high-level team led by Nicholas G. Inglessis Preside
Maersk Tankers exits its Handygas segment by selling all 11 vessels to Navigator Gas. The divestment allows Maersk Tankers to focus on fewer segments and release capital for future investments. Hanne B. Sørensen, CEO Maersk Tankers: “Navigator Gas presented us with a great business proposition that
Norsafe has received orders for 400 million NOK (approx. $69,6 million) over the course of one month, reinforcing its role as the world’s leading manufacturer and supplier of maritime lifesaving systems. During October 2012 the sales department signed contracts for a value greater than NOK 400 milli
In most cases Bunker and CLC Certificates expire on 20 February 2013 and lose their validity after that date. Consequently, shipowners should apply to the Danish Maritime Authority for renewal of certificates well before their expiry. Bunker Certificate Bunker Certificates cover civil liabilty for b
Seanergy Maritime Holdings announced yesterday that it has entered into a Share Purchase Agreement to sell the 100% ownership interest in Bulk Energy Transport (Holdings) Limited (“BET”) for a nominal cash consideration. The Buyer, I.M.I. Holdings Corp., is an affiliate controlled by members of the
A.P. Moller-Maersk, a Danish business conglomerate active in oil and shipping sectors, has revealed its plan to move away from investing in shipping and turn to its oil, drilling rigs and ports businesses, the Financial Times reported. Since A.P. Moller-Maersk has enough capacity to follow the marke
The FSUE “Rosmorport” begins implementation of the infrastructural project which is very important for navigation safety provision in Baltic freezing port. The berth complex for the enterprise’s icebreakers will be built by the middle of 2014 in the framework of the “Development of the Transport Sys
A subsidiary of Seadrill has entered into an agreement with Songa Offshore to acquire the ultra-deepwater semi-submersible rig Songa Eclipse for a consideration of US$590 million. The rig was delivered from the Jurong Shipyard in Singapore in 2011, and is currently operating for Total offshore Angol
KOTUG´s new build RotorTug RT Ambition today arrived in Bremerhaven. The tug left ASL Singapore Shipyard on September 22th 2012 and sailed under own power. RT Ambition has a length of 32 m, a width of 12 m, 6.456 BHP and a bollard pull of 84 tons. Due to her three propulsion units, which independent
The Northern Sea Route is rapidly becoming an alternative to the existing intercontinental shipping routes between the Atlantic and Pacific Oceans through Suez and Panama Canals. The interest for the Northern Sea Route has grown due to significant reduction of navigation period between ports of Euro
Capital Product Partners L.P. on Wednesday announced that Capital Maritime & Trading Corp. (‘CMTC’) has exercised its option to extend the time charter employment of each of the M/T ‘Aias’ and the M/T ‘Amoureux’ for a second year at an increased gross day rate of $24,000. In particular, the extensio
The supervisory board of KOTUG announced the appointment of Harrold van der Meer as Chief Operating Officer(“COO”) of KOTUG International B.V. As from 22nd October 2012 Harrold van der Meer has joined the KOTUG group and will succeed Dorus Knegtel, the current COO & Vice President Business Developme
