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Four corporations involved in owning and operating a fleet of vessels regularly visiting New Orleans were today sentenced to pay a $1 million penalty and banned from doing business in the United States for the next five years by Judge Carl J. Barbier, the Justice Department announced.Stanships Inc. (Marshall Islands), Stanships Inc. (New York), Standard Shipping Inc. and Calmo ...

Incat Crowther reports the launch of Topaz Zenith. Launched by Topaz Shipbuilding's Fujairah, UAE, shipyard, this innovative 27.6 m wave piercing catamaran crew boat has been designed to support offshore energy installations.Part of the development of the vessel focused on the development of an unusual platform for the application. Following the evaluation of a series of ...

Japan's Mitsui Engineering & Shipbuilding Co., Ltd. (MES) is to build two next generation "neo Supramax 66BC" bulk carriers for a customer it identifies as a "first class shipowner." Developed as a low fuel consumption, eco-friendly ship, the 66,000 dwt  design retains the usability of MES' best selling 56,000 dwt "Mitsui 56" type handymax bulk carrier for which over ...

OMERS Private Equity, the private equity arm of the OMERS Worldwide group of companies, today announces that it has signed a definitive agreement to acquire V.Group Ltd. from Exponent Private Equity for an enterprise value of US$520 million.V.Group is the global market leader in outsourced ship management and a leading player in crew provision and related marine services. The c ...

"We see signs that the market is beginning to rationalize the number of vessels in the market," says Angeliki Frangou, Chairman and CEO of dry bulk specialist Navios Maritime Partners L.P. (NYSE: NMM). "Non-deliveries continue, with 40% of the projected order book failing to deliver for the first six months of 2011. In addition, scrapping is accelerating. Year to date, about 2.65 ...

Bahamian shipowner Campbell Shipping Ltd. has signed an order with Tsuji Heavy Industries (Jiangsu) Co., Ltd. located at Zhang Jia Gang, China for two 37,500 dwt double-hull log fitted bulk carriers, with an option for two more.These ships, which will be classed by ABS and fly the Bahamas flag, will be 179.9 meters length overall, with a 30.4 meters beam, a s ...

ABS has issued the following regulatory update: CARB – Low Sulfur Fuel Regulations The California Air Resources Board (CARB) has posted a 15-Day Notice of Public Availability of Modified Text for the Proposed Regulation “Fuel Sulfur and Other Operational Requirements for Oceangoing Vessels within California Waters and 24 Nautical Miles of the California Baseline� ...

Crowley Maritime Corp. reports that Cole Cosgrove has assumed the role of vice president of marine operations for its liner services groups. Mr. Cosgrove, who most recently held the role of vice president of the Safety, Security, Quality and Environmental (SSQE) department,  will continue to work out of the company's Jacksonville, Fla., office while reporting to John Houri ...

The City of Portland, Oregon, has chosen Jensen Maritime Consultants, Inc., a Crowley company, to design the fastest response fire and rescue boat on Oregon's Columbia River. Until now, Portland Fire & Rescue's response fleet has consisted of two fast-response fireboats, one large platform fireboat and two fast-response rescue boats. Adding the new high speed boat  wil ...

Vice Admiral Peter H. Daly, U.S. Navy (Ret.) has been appointed Chief Executive Officer of the U.S. Naval Institute (USNI) Admiral Daly served from August 2008 until June 2011 as Deputy Commander and Chief of Staff, U.S. Fleet Forces Command. His more than 30 years experience as a commissioned naval officer includes command of the destroyer USS Russell (DDG 59); C ...