Search Results for: Med Marine

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IRISL P&I insurer sanctioned

U.S. Treasury sanctions are making it harder for Islamic Republic of Iran Shipping Lines (IRISL) to get P&I cover. Yesterday, the Treasury designated Moallem Insurance Company under Executive Order 13382, an authority

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Congress approves two-yard LCS acquisition

A year-end Congressional cliff-hanger ended with the Navy getting the authority it needs to go ahead with the acquisition of 20 littoral combat ships, 10 from each of the two competing teams.

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Vancouver Shipyards Co. books barge contracts

Canada’s Vancouver Shipyards Co. Ltd. reports two new construction contracts. The first project is to build a double hulled oil barge, followed immediately by three 1200 unit chip barges for Seaspan. Construction

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Mica new chair of Congressional Committee

A new figure will be at the helm of a powerful House Committee that will steer maritime issues in the new Congress. U.S. Rep. John Mica (R-Fla.) has been selected as the

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Wärtsilä propulsion for research ship

Wärtsilä is to supply the propulsion equipment for the state-of-the-art research vessel. ordered from the C.N.P. Freire S.A. shipyard in Vigo, Spain, by the U.K.’s Natural Environment Research Council (NERC). The contract

Whistle blowers rewarded in pollution case

Here’s another case involving “magic pipes” and golden whistles. Atlas Ship Management Ltd., a Turkish corporation, pleaded guilty in U.S. District Court in Tampa, Fla. to federal charges of making false statements

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Spain using PSC fines as piggy bank?

With Spain facing the same sort of debt problems facing several other Eurozone economies, its Treasury has come under domestic criticism for pretty much going to any length to raise money. According

OSX Brasil buys Vela VLCC’s for FPSO conversion

OSX Brasil S.A., the offshore services unit of Brazilian billionaire Eike Batista’s EMX empire, continues to forge ahead with its operations. Among recent developments have been a $54 million agreement to buy