International accountant and shipping adviser Moore Stephens has welcomed a decision by the U.K. First Tax Tribunal that interest received on security deposits relating to loans taken out to buy ships within tonnage tax is not taxable.HMRC…
HATLAPA builds its largest stern rollers to date for Maersk Supply Service’s two new tugs under construction in Chile.The Danish shipping company Maersk Supply Service has ordered two large stern rollers from HATLAPA to be used in the two vessels built at the Chilean shipyard Asenav…
U.S. Coast Guard reported a collision between deep draft tankship and bulk ship 30 miles off Galveston.At approximately 5:50 a.m. watchstanders at Coast Guard Marine Safety Unit Texas City received a report of a collision between the 900…
Scorpio Tankers Inc. announces 16 newbuilding agreements and US$ 525-million in commitments to its 2013 Credit Facility.The company has reached agreements with five shipyards in Korea to construct 16 newbuilding vessels consisting of eight LR2…
Sembcorp Marine's PPL Shipyard secures US$220.5-million contract to construct a jack-up rig for Bot Lease Co.BOT Lease Co., Ltd. is a leasing company of The Bank of Tokyo-Mitsubishi UFJ which is under the umbrella of Mitsubishi UFJ Financial Group…
ABB contracted to provide energy-efficient and environmental friendly solution for four LNG vessels to be built in Korea.Total orders in the first quarter of 2013 landed by ABB, worth close to $40 million, came from three gas transportation…
SeaFox: a quicker, cheaper, safer mine-hunting capability for the Navy when it comes to keeping sea-lanes open.Mine hunting is the mission, identification and neutralization is the method; maintaining open, safe sea lanes is the goal. In the past…
MSC (Mediterranean Shipping Company) closes the 35% sale of its Terminal Division (Terminal Investment Limited SA) to Global Infrastructure Partners (GIP).MSC and Global Infrastructure Partners and a group of its LP Co-Investors have closed…
Royal Caribbean Cruises contracts for a third Quantum-class cruise ship to be constructed in the Meyer Werft shipyard.The delivery is for mid-2016 and the price and terms of the new ship are similar to the price and terms of the first two Quantum-class ships…
The United Kingdom Hydrographic Office (UKHO) brings to HK its free-attendance workshop on ECDIS regulations and procedures.This free workshop will present the 'Admiralty Guide to policy and procedures for the operational use of ECDIS' and…
The Board of Directors of Italy-based global energy corporation Eni has approved possible one or more bonds issues.The issue of the bonds is to be placed with institutional investors, with a value of up to a maximum amount of 3 billion euro…
The 2013 Ship Repair Tradesmen of the Year were recently honored by the Virginia Ship Repair Association (VSRA).The award citations by VSRA are as follows:The 2013 Junior Tradesman of the Year Steven Pulliam, an Outside Machinist from Oceaneering International…
The company, suppliers of biodegradable cleaners, degreasers & functional fluids, reorganizes its leadership team following its Terresolve acquisition. “With the acquisition of Terresolve Technologies earlier this year, RSC Bio Solutions now possesses an even wider range of proven…
Following on from an earlier announcement of the US$200-million offering, Ultrapetrol now give provide greater detail.The company has priced the offering of $200 million in aggregate principal amount of its 8.875% First Preferred Ship Mortgage Notes due 2021 (the 'Notes')…
10 University of California, & Scripps Institute drifter buoys for meteorology & oceanographic observation released into the Pacific from 'USS Pearl Harbor'The buoys measure ocean currents up to 15 meters in depth, and were launched during…
