Fort McHenry: Vane Brothers New 3,000hp Tug

Vane Brothers is hailing the newest addition to its fleet: the Fort McHenry, a state-of-the-art, 3,000-horsepower tugboat named in honor of the historic landmark that can be seen from the company’s Baltimore, Maryland, headquarters.


Designed by Frank Basile, P.E., of Entech Designs, LLC, the Fort McHenry is the most recent of 12 “Sassafras Class” tugboats delivered to Vane since 2008 by Chesapeake Shipbuilding of Salisbury, Maryland. Measuring 94 feet long and 32 feet wide with a hull depth of 13 feet, the Fort McHenry is similar in most respects to the previous 11 hard-working tugboats built for Vane as part of the Chesapeake contract. The vessel is equipped with twin Caterpillar 3512 Tier 3 main engines and operates with a Jon-Rie Series “500” hydraulic towing winch. “Soft-core” panels, heavy, fire-rated doors and top-line accoutrements are used throughout, offering the crew a quieter, safer and more comfortable living environment. State-of-the-art componentry is at the captain’s fingertips in the wheelhouse, which features mostly wooden accents for a more traditional look.






Powered By WizardRSS.com | Full Text RSS Feed
View full post on Maritime News – Maritime & Shipbuilding News

Vane Brothers Welcomes Newest Fleet Addition

Vane Brothers is hailing the newest addition to its fleet: the Fort McHenry, a state-of-the-art, 3,000-horsepower tugboat named in honor of the historic landmark that can be seen from the company’s Baltimore, Maryland, headquarters.


Designed by Frank Basile, P.E., of Entech Designs, LLC, the Fort McHenry is the most recent of 12 “Sassafras Class” tugboats delivered to Vane since 2008 by Chesapeake Shipbuilding of Salisbury, Maryland. Measuring 94 feet long and 32 feet wide with a hull depth of 13 feet, the Fort McHenry is similar in most respects to the previous 11 hard-working tugboats built for Vane as part of the Chesapeake contract. The vessel is equipped with twin Caterpillar 3512 Tier 3 main engines and operates with a Jon-Rie Series “500” hydraulic towing winch. “Soft-core” panels, heavy, fire-rated doors and top-line accoutrements are used throughout, offering the crew a quieter, safer and more comfortable living environment. State-of-the-art componentry is at the captain’s fingertips in the wheelhouse, which features mostly wooden accents for a more traditional look.






Powered By WizardRSS.com | Full Text RSS Feed
View full post on Maritime News – Maritime & Shipbuilding News

WFW advises Global Ports Holding on Venice Cruise Port acquisitions

International law firm Watson Farley & Williams (“WFW”) has successfully advised Global Ports Holding (“GPH”), the world’s largest cruise port operator, on the acquisition of two significant stakes in Venezia Terminal Passeggeri S.p.A (“Venezia Terminal Passeggeri”) made via Venezia Investimenti S.r.l., which is jointly owned in equal shares by GPH and fellow industry leaders Costa Crociere, MSC Cruises SA and Royal Caribbean.


The first acquisition was of a 48% stake in APVS S.r.l. which owns 53% of Venezia Terminal Passeggeri, from Veneto Sviluppo S.p.A. The second of an 85.85% stake in Finpax S.r.l., which owns 22.18% of Venezia Terminal Passeggeri, from certain Venice port operators. The remaining stakes in Venezia Terminal Passegeri are held by SAVE SpA (22.18%) and the Chamber of Commerce of Venice, Rovigo and the Delta Lagoon (2.64%).


Venezia Terminal Passeggeri was founded in 1997 by the Port Authority of Venice, and manages ten multi-functional terminals, one deposit for ship’s stores, six parking lots and seven docks in the Marittima, San Basilio and Riva dei Sette Martiri areas, as well as providing high quality services to all ships (cruises, ferries, catamarans) calling in Venice.


Founded in 2004, Global Ports Holding has an established portfolio of ten ports spread across seven countries in the Mediterranean and Asia-Pacific regions, including extensive commercial port operations in Turkey and Montenegro. GPH was named “Best Cruise Port Operator” at the 10th International Golden Anchor Marine Achievement Awards in 2015.


The WFW Milan team advising GPH was led by Asset Finance partner Francesco Dialti Assisted by senior associate Elena Macchi and associates Federico Tropeano and Giorgia Gentilini.


Francesco commented: “I am delighted to have advised the world’s largest and best regarded cruise port operator on the acquisition, along with other leading global sector players, of major stakes in one of the cruise industry’s most iconic ports. Nothing demonstrates better WFW’s status as the leading law firm for the cruise sector worldwide”.

 

Powered By WizardRSS.com | Full Text RSS Feed
View full post on Maritime News – Maritime & Shipbuilding News

Port of Long Beach Cargo Dips

Container volume at the Port of Long Beach was down 7.7 percent in July compared to the same month in 2015, when harbor terminals handled a record amount of cargo.


Dockworkers moved 637,091 twenty-foot-equivalent units (TEUs) last month. Imports totaled 325,608 containers, a 5.9 percent year-over-year decrease. Exports numbered 142,812 TEUs, a slight drop of 0.7 percent. Empties decreased to 168,671, 15.9 percent lower than July 2015, the Port’s strongest July on record.


Due to continued market uncertainty and high inventory levels, the traditional holiday peak season is off to a slow start and several national forecasts have been revised downward to reflect this softness in cargo movement. Coming off a record year in 2015 – the third-highest in the Port’s history – volumes at the Port of Long Beach are down 1.9 percent through July.


With an ongoing $4 billion program to modernize its facilities this decade, the Port of Long Beach is building the Port of the Future by investing in capital and service improvements that will bring long-term, environmentally sustainable growth.

Powered By WizardRSS.com | Full Text RSS Feed
View full post on Maritime News – Maritime & Shipbuilding News

Bahri Secures $133.2 mln Islamic Funding

National Shipping Company of Saudi Arabia (Bahri) said on Sunday that a subsidiary had secured $133.2 million in Islamic financing to purchase five chemical tankers.


The funding will be provided to National Chemical Carriers by Arab Petroleum Investments Corporation and BNP Paribas in the form of a murabaha facility for a 10-year period, it said in a bourse statement.


A murabaha is a cost-plus-profit arrangement which complies with Islamic finance standards.


(Reporting by Mariam Abu Bakr; writing by Tom Arnold; editing by Jason Neely)

 

Powered By WizardRSS.com | Full Text RSS Feed
View full post on Maritime News – Maritime & Shipbuilding News

Biggest Cruise Ship to Enter Lerwick Harbor

The record for the biggest cruise ship into Lerwick Harbour will be broken on Today (Sunday) when Celebrity Silhouette enters the Shetland port on a 14-nights British Isles Cruise.


On her maiden call at Lerwick, Celebrity Cruises’ 122,210 gross tonne vessel will beat the record set by the 115,055 gross tonne Azura on 30 June.


Captain Calum Grains, Lerwick Port Authority’s Harbour Master and Deputy Chief Executive, said: “The visit by Celebrity Silhouette will be another highlight of a record-breaking season and in the long involvement of Lerwick and Shetland with the cruise industry.


“The sheltered and safe, deep-water anchorages and proven modern landing-stage facilities make the harbour an ideal port-of-call for large cruise ships.


“The port is set for a special hat-trick this summer, with the highest number of cruise vessel arrivals, passengers and tonnage of shipping yet, including the biggest ship. There are also excellent bookings for next year.”


The 315-metre Celebrity Silhouette, with capacity for 2,886 passengers, is due to anchor in the deep-water harbour around 7am on Sunday 14 August, with passengers and crew to be transferred by tender to Albert Dock. The call will be marked by a special Viking welcome on Victoria Pier by members of the 2016 Jarl Squad – including Captain Grains – which led this year’s internationally-famous Up Helly Aa fire festival in Lerwick.


The visitors will also be welcomed by a volunteer Meet-and-Greet team, which, with the support of the Port Authority, provides assistance, information, and entertainment, with Shetland music.


Celebrity Silhouette, the fourth of five cruise ships on successive days, will depart Lerwick at 7pm for Invergordon, on the Scottish mainland.

 

Powered By WizardRSS.com | Full Text RSS Feed
View full post on Maritime News – Maritime & Shipbuilding News

APM Terminals Pipavav Q1 Net Zooms 60%

APM Terminals Pipavav’s (Gujarat Pipavav Port Ltd) today posted a 60 per cent rise in standalone net profit to INR 59.75 crore for the first quarter ended June 30, 2016 on the back of lower expenses. The company had posted a net profit after tax of INR 37.23 crore for the same period a year-ago.


Profit from operations for the quarter under consideration stood at INR 75.1 crore as against INR 74.6 crore in Q1FY16. EBIDTA for the quarter was at INR 100.2 crores and EBIDTA margin stood at 60%.

 

The Container cargo business for the quarter stood at appx. 172k TEUs, Bulk business was at 600k MT and Liquid business was at appx. 128k MT. RoRo business was appx. 11k units for the quarter under review.

 

Commenting on the results, APM Terminals Pipavav (Gujarat Pipavav Port Ltd), Managing Director, Mr. Keld Pedersen said:

“The business environment remained challenging in the quarter gone by. However, better utilisation of resource and efficiency has fared well for the company. The shareholders have approved the payment of the maiden dividend of Rs.1.90 per equity share, in the Annual General Meeting held today.”

 

Powered By WizardRSS.com | Full Text RSS Feed
View full post on Maritime News – Maritime & Shipbuilding News

Get the latest about work boats.