The product tanker market was strong throughout the first half of the year and the segment generated a strong cash flow, which exceeded expectations. A new agreement signed with TOTAL for additional time charters totalling 9 years. The large tanker Stena Vision has re-entered service.
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 today that it took delivery of the M/V Beauty River to be re-named Despina P and the M/V Honor River to be re-named Jo
Cargotec’s MacGREGOR business area providing marine cargo handling solutions has received significant offshore equipment orders. The equipment will be delivered during 2008–2010 and the value of the orders exceeds EUR 55 million.
A world-famous tall ship is due to dock in West Cumbria ahead of an epic recreation of one of history’s most infamous voyages. HMS Bounty, the Black Pearl in the Pirates of the Caribbean films, will spend three days in Maryport.
Coastguards in Devon say a number of competitors in this year’s Fastnet yacht race are sheltering in Torbay and Plymouth because of the bad weather. Hundreds of skippers left Cowes on the Isle of Wight on Monday at 1100 BST at the start of the 608-mile race.
DeepOcean has received a Letter of Award from TSMarine (Contracting) Ltd. of Aberdeen for the provision of Normand Flower, two work ROV systems and personnel.
TOP Tankers Inc (Nasdaq: TOPT) (the “Company”) announced today that it has entered into agreements to acquire three drybulk panamax vessels from unrelated third parties. The vessels are scheduled to be delivered to the Company between September 2007 and March 2008 and to enter into spot market tradi
A WARNING to the Pasha Bulker that the ship needed to speed up its operations has emerged as a possible reason the ship ran aground in Newcastle two months ago. The Pasha Bulker was one of 50 ships warned two weeks before it ran aground off Newcastle that it would no longer be allowed to […]
An Irish-built replica Viking ship arrives in Dublin today under the power of 64 oarsmen at the end of a two month voyage from Denmark. The Sea Stallion of Glendalough , the biggest reconstruction of a Viking long ship in the world, is modelled on a 900-year-old vessel.
Sergey Pugachev’s United Industrial Corp. has found an investor to pay for the liquidation of one of Russia’s largest shipbuilding companies, the Baltic Plant. Vneshtorgbank will provide the corporation with $550 million to transfer the plant’s capacities to Northern Wharfs and raze the Baltic Plant
A degree is being launched to meet the rising demand for skilled crew to work on billionaires’ luxury vessels. Peter Kingston reports. ‘The luxury yacht industry is crying out for good crew,’ says Jon Ely, chief executive of the UK Sailing Academy (UKSA). ‘We estimate that there’s a demand for 3,000
The sea bus Salih Reis-4 which set off for Avşa from Yenikapı crushed into an anchored cargo ship around Zeytinburnu coast. The front size of the sea bus fell into pieces; 449 passengers panicked. As a result of the crush 40 passengers were injured. It is stated that the locked steering wheel led to
Following a 25-hour delay timed to avoid a potential disaster, the combined classes of the Rolex Fastnet Race yesterday embarked on their 608-mile dash to the famous lighthouse off the West Cork coastline and back to the finishing at Plymouth.
The Montenegrin coast is at risk of an ecological disaster after a Greek tanker partly sank in Montenegrin port of Bijela on Friday. The ship’s stern and its 215 tonnes of oil remain on the seabed, threatening to pollute the sea should the oil leak. The ecological consequences of such spills are usu
