OSG Extends Charter of AMSC's Nine Tankers
Florida-based provider of energy transportation services delivering crude oil and petroleum products Overseas Shipholding Group (OSC) and American Shipping Company (AMSC) jointly announced that OSG has exercised options to extend its charter agreements with AMSC for nine vessels currently under charter from AMSC.AMSC is a Norwegian-American shipping and shipyard company and part of the Aker Group."A Charter agreements for five of the vessels were extended for additional three-year terms, commencing from December 2019 and ending in December 2022.
Hapag-Lloyd: 50 Years of Container Shipping in Germany
50 years after the beginning of modern container shipping in Germany, international trade is handled by 6,397 containerships, with a capacity of 21.1 million TEU. Hapag-Lloyd’s container fleet numbers among the largest in the industry. The revolution reached Germany 50 years ago. And even if no gunshots were heard, there was still a loud bang. On May 5, 1966, the Fairland, owned by the American shipping company Sea-Land, called at Bremen’s Überseehafen (overseas port). On the next day…
Port of Kiel: Cruise Shipping Sets Passenger Record
Press release- This year’s cruise shipping season in Kiel was ending on Tuesday October 20th with a visit by the “AIDAcara”. Overall the port registered 133 calls this year by 25 different ships with a total tonnage of more than 8.6 million GT (an increase of 19.4% over last year). The port’s cruise terminals saw 458,771 passengers (29.6% more than in 2014) board or leave a cruise ship. Dr Dirk Claus, Managing Director of the PORT OF KIEL (Seehafen Kiel GmbH & Co. KG) said: “Both passenger figures and overall tonnage totals have set new records for Kiel”.
Røkke is CEO of Akastor ASA
Akastor ASA announced that its Board of Directors has appointed Kristian Røkke as its Chief Executive Officer. Mr. Røkke will succeed Frank O. Reite, who will take the position of Chief Financial Officer at Aker ASA. Kristian Røkke, who is currently Chairman of Aker Philadelphia Shipyard ASA (AKPS), a leading U.S. commercial shipyard, and previously President & CEO of AKPS, will assume his new position in Akastor ASA on August 10, 2015. Aker ASA will propose to the nomination committee of Akastor ASA that Frank O.
Aker Philadelphia Appoints New CFO
Aker Philadelphia Shipyard ASA has appointed Jan Ivar Nielsen as Chief Financial Officer effective September 2015. Since 2009, Nielsen has held the position of CFO of VARD Holdings, a publicly listed global designer and builder of offshore and specialized vessels with 10 facilities across Europe, Asia and South America. From the period 2002 to 2005, Nielsen was CFO of the shipyard in Philadelphia. In 2005, Nielsen was involved in the formation of Aker American Shipping Company, the former parent of both Aker Philadelphia Shipyard and American Shipping Company.
Kurz, Levy Appointed to Rand Board of Directors
Rand Logistics, Inc. has announced that its Board of Directors has appointed Robert Kurz and Edward Levy as Class III and Class I directors, respectively. Kurz is Vice President of Kinder Morgan Terminals and the President of their tanker division, American Petroleum Tankers. Levy is currently the President and Chief Executive Officer of Rand. Rand also announced that Captain Scott Bravener, a Class I director, has tendered his resignation from the Board of Directors. Bravener…
New Director on Odfjell Board
Odfjell SE held a general meeting November 12, 2014 at which the nomination committee elected Annette Malm Justad as its new director of the board. Annette Malm Justad is a Norwegian citizen born in 1958. She has a master's degree in chemical engineering from the Norwegian Institute of Technology (NTH) and a master in technology management from MIT Sloan School of Management. She has a broad experience in logistics, marketing and purchasing within manufacturing and industrial shipping in Europe…
First Order for LNG-fuelled MAN Two-Stroke Engine
MAN Diesel & Turbo confirms its first order, from USA's TOTE Inc., for its low-speed, dual-fuel ME-GI engine. American shipping company, TOTE, has signed a contract with its compatriot shipyard NASSCO in San Diego for the construction of two new state-of-the-art containerships with an option for three more vessels for primarily domestic services. The vessels will each be powered by 8L70ME-GI dual-fuel gas-powered engines. The two 3,100 TEU vessels will be the most environmentally friendly containerships in the world, powered primarily by liquefied natural gas (LNG).
Aker Philadelphia Delivers Ninth Product Tanker
Aker Philadelphia Shipyard (Oslo: AKPS), a U.S. commercial shipyard, delivered its ninth Veteran Class MT-46 product tanker May 14 to American Shipping Company (Oslo: AMSC). The 46,000 dwt vessel, named the Overseas Martinez, will leave the shipyard in the coming days under the operation of OSG America to transport petroleum products for Tesoro. Aker Philadelphia has three other vessels currently under construction as part of its historical build program. All are scheduled to be delivered through spring 2011.
Aker Philadelphia’s 9th Product Tanker
On March 10, Aker Philadelphia Shipyard (Oslo: AKPS) launched Ship 013, the ninth product tanker in a series of 12 to be completed by 2011. The 46,000 dwt vessel was floated off of its blocks and was transferred by tug from the Building Dock to the Outfitting Dock, where it will remain for the next few weeks as it undergoes continuous testing and commissioning in preparation for its upcoming sea trials. When completed, the 600-ft long vessel, to be named the Overseas Martinez…
Aker Philadelphia Shipyard Honors the Phillies
Two great teams - the 1,200-strong shipyard work force and the World Champion Philadelphia Phillies - were honored today at the keel-laying for the tenth tanker in the current build program at Aker Philadelphia Shipyard (Oslo: AKPS). APSI officials decided to recognize the Phillies along with its talented workforce because both teams symbolize a dedication to precision and exemplary teamwork. Following ancient ship-building tradition, commemorative, good-luck coins representing…
Phillies to Be Honored at Keel-Laying
On October 12, workers at Aker Philadelphia Shipyard, just down Broad Street from the home of the Phillies, will sport baseball caps in addition to their traditional hard hats as they pay tribute to the World Champions and their trademark blue-collar work ethic when the yard holds the milestone keel-laying as it begins assembly of its 10th in a series of ocean going product tankers. Members of the 1,200-strong shipyard crew, who have distinguished themselves for their Phils-like precision and teamwork…