A key East Coast shipping executive, long active in U.S. maritime affairs, has been elected chairman of the board of the American Institute of Merchant Shipping (AIMS) for the next 12 months. He is Fred S. Sherman, chairman of the board, Marine Transport Lines, Inc.
Designed for transport of logs, the 41,545-dwt bulk carrier Sanko Stork (shown below) was delivered recently by the Tamano yard of Mitsui Engineering & Shipbuilding Company (MES) to the Jade Corporation of Liberia for charter to Sanko Line. She
The largest tugboat ever built in the United States to run on heavy fuel oil was completed and christened recently at McDermott Shipyards' Morgan City Division in Bayou Boeff, La. The 140-foot, twin-screw Valiant (shown above) was built for Houston-based Bulkfleet Marine Corporation.
Purchase Forms World's Largest Subsea Contracting Group For Oil & Gas Industries The third and fourth in a series of five 2,100-dwt stainless steel chemical tanker for the transport of bulk liquids along the Rhine River and its tributaries have been delivered to Stolt Stinnes.
Owned by its member shipyard companies, Groningen-based sales, marketing and design firm Conoship International (CI) encapsulates the spirit of the industry in the Netherlands' northernmost provinces, where the maritime cluster continues to demonstrate resilience and an ability to innovate.
For the investor looking at rates of return from the secondhand ship market, the 1990s should see major changes in the fortunes of players working the different fleet sectors. Taking the return generated on both trading profits (defined as time charter
Transas expanded its range of Liquid Cargo Handling simulators with the LNG tanker simulator. The LCHS/LNG system realistically imitates the fourth tanker type in the Transas simulator range, which also includes Chemical Tanker, Liquefied Petroleum
According to industry sources, the billions of taxpayer dollars spent on dredging America's harbors in the last four years are already paying off for U.S. coal exporters. But the full benefit will come in the future. According to Joseph Lema, vice president of the National Coal Association,
The Maritime Administration (MarAd) recently announced that 17 additional Ready Reserve Force (RRF) vessels, which are maintained by MarAd, have been ordered into activation by the Military Sealift Command (MSC) to help support the U.S. military men and women in the Persian Gulf.
Known for its sleek, fast and high-performance wavepiercing catamarans, Incat Australia expanded its reach to U.S. shores with its decision last year to partner with Lockport, La.,-based Bollinger Shipyards for the construction and design of a new breed of high speed,