North Atlantic Drilling has received a letter of intent from ExxonMobil for assignment of the harsh environment semi-submersible drilling unit West Alpha. The extension has a firm period of two years with an estimated revenue value of US$410 million. Commencement of operations under the contract ext
Navios Maritime Holdings Inc. announced yesterday that it and Navios Maritime Finance (US) Inc., its wholly owned finance subsidiary intend to offer through a private placement, subject to market and other conditions, approximately $88 million of 8 7/8% first priority ship mortgage notes due 2017. T
The deployment of a Dutch military security team for the protection of World Food Programme transports to Somalia will be extended by a maximum of 3 months. That was the upshot of a letter sent to the House of Representatives on behalf of the Government by Minister of Foreign Affairs Rosenthal and M
Transas TX-97 non-official chart collection now includes Ukrainian chart folios. The agreement was signed between Transas Marine Ltd and the State Hydrographic Service of Ukraine in May 2012 allowing Transas to use official ENC’s and Inland ENC’s to create TX-97 folios. New charts will be available
Fairstar Heavy Transport N.V. announces that Fairstar’s Supervisory Board and Management Board have unanimously decided to appoint Ingmar den Blanken (32) as Chief Financial Officer of Fairstar as from 26 June 2012. Mr den Blanken succeeds Mark de Haas in the role of CFO. The Supervisory Board will
International marine lubricant supplier Total Lubmarine has extended its global network of service and supply centres with the opening of a dedicated commercial and supply hub in Copenhagen, Denmark. Already a significant player in the Nordic region, especially in Norway and Denmark, Lubmarine is no
Overall confidence levels in the shipping industry increased in the three months ended May 2012, to reach their highest level since February 2011, according to the latest Shipping Confidence Survey from leading accountant and shipping consultant Moore Stephens. This is the fourth successive quarter
On behalf of the global cruise industry, Cruise Lines International Association (CLIA) and the European Cruise Council (ECC) yesterday announced that the cruise industry has adopted two new safety policies. These policies, which address issues related to the recording of passenger nationality and th
Stolt-Nielsen Limited announced today that Avance Gas Holding Ltd. (AGHL), a joint venture between Sungas Holdings Ltd. and Stolt-Nielsen Gas Ltd. has reached an agreement with Transpetrol Shipping Ltd. (Transpetrol) whereby Transpetrol will sell its two very large gas carriers (VLGC) to AGHL in ret
Gardline’s coastal survey vessel the George D, named after the founder of the company, George Darling was lifted from the dock in Great Yarmouth early Tuesday morning and loaded onto the mighty 7002 tonne MV Pangini for its transportation to Douala, the largest port and city in Cameroon. The George
Solstad Offshore has today taken over the ownership over the Anchor Handling Tug Supply vessels (AHTS) “Nor Spring” and “Nor Captain”. The vessels have been on a bareboat contract to SOFF from Java Marine Lines for nearly 5 years and SOFF has now used its options to purchase the vessels. The cost pr
Box Ships Inc., a global shipping company specializing in the transportation of containers, announced that on June 25, 2012 it took delivery of its eighth vessel, the OOCL Hong Kong, a 5,344 TEU Post-Panamax containership built in 1995 at the Samsung shipyard in Korea. The vessel is chartered to Ori
The recent announcement of Sweden’s ratification of the Maritime Labour Convention, 2006 (MLC 2006) means that only two International Labour Organisations member ratifications are required before the Convention’s entry into force. With only twelve months between final ratification by the 30th ILO me
Between January and May 2012, the cargo turnover of Ust-Luga Port amounted to 15,272,645.140 tons and exceeded that of the same period last year by factor of 2.2. The car transshipment volume for the same period grew by 53% and reached 72,768 pieces. In May 2012, the port transshipped 4,450,225.241
