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AB Stikloplastika

Manufacturer of various GRP products

International business magazine JURA MOPE SEA

International business magazine about marine, transport, transit business, economy, international exhibitions and conferences.

JSC UNDORIS

steel work, pipe work, conversions for ship building, repair,

RIFAS UAB

Electrotechnical equipment

Skanlika UAB

Recruitment of Lithuanian personnel for repair industries

Maritime News

Cosco Energy Transportation to Buy New Tankers

Cosco Energy Transportation to Buy New Tankers

13 hours ago
Cosco Energy Transportation has entered into the Agreements with Dalian Shipbuilding Industry Company Limited for the construction of the Very Large Crude Carriers (VLCCs) and the Suezmaxs.   The total consideration for the construction of the VLCCs and the Suezmaxs is RMB 3.67 billion (USD 88.5 million).    The consideration is determined by reference to the market price of crude oil tankers ranging in sizes from 280,000 to 320,000 dead weight tons and 150,000 to 160,000 dead weight tons respectively during the past 6 months.   The expected delivery dates for each of the VLCCs are on or before 31 August 2020, 31 October 2020, 31 December 2020 and 31 March 2021, respectively.

Philly Shipyard Completes Tanker Series for APT

17 hours ago
Philly Shipyard, Inc. (PSI) has delivered American Pride, the final vessel in a series of four 50,000 dwt product tanker newbuilds for American Petroleum Tankers (APT), a subsidiary of Kinder Morgan, Inc.   The 600-foot product tanker has a 14.5 million gallon carrying capacity and is based on a design from Hyundai Mipo Dockyards (HMD) that incorporates numerous fuel efficiency features, flexible cargo capability, and the latest regulatory requirements, the builder said. The vessel has also received LNG Ready Level 1 approval from the American Bureau of Shipping (ABS).
Five Requirements for Safe Ops

Five Requirements for Safe Ops

22 hours ago
A safety culture starts with the CEO As I write this article I am flying back to my home base in Canada from the 42nd annual Interferry conference in Split, Croatia. Interferry is an outstanding conference full of dedicated and passionate ferry operators and those who serve the industry. One presentation was delivered by Captain John Wright, a Master Mariner who has spent his career in the maritime industry in a variety of roles including vessel master, marine superintendent, chief executive and general manager. All of his roles have had a focus on safety and cultural change.
The Challenge of Marine Asset Appraisal

The Challenge of Marine Asset Appraisal

22 hours ago
While large shipping asset deals are often financed through the major capital markets, loans for most oilfield service marine equipment are funded with asset based lending. For such asset based lending, a domestic U.S. bank, with some exceptions, will be asking for an appraisal that is compliant with the Uniform Standards of Professional Appraisal Practice (USPAP).   Due to blatantly false appraisals that caused the collapse of the savings and loan industry in 1988, it became mandatory for real estate appraisers to provide transparent, verifiable and unbiased appraisals of real estate. All major banks now request USPAP complaint appraisals for all assets, including marine equipment.
Bouchard Set to Celebrate a Century

Bouchard Set to Celebrate a Century

yesterday
In 2018 one of the U.S. premier vessel owners – Bouchard Transportation Co., Inc. (BTC) – celebrates its 100th year in business. Maritime Reporter looks at BTC’s evolution through the years.   The year 2018 is a celebration year for the Bouchard Transportation Co., Inc., which was founded in 1918 in New York Harbor by Capt. Frederick Bouchard, and will next year celebrate a century in business. The company’s first cargo was a shipment of coal, and its first oil barge was acquired in 1931.    In 1955, the third generation of the Bouchard family joined the company, and in 1992 the fourth generation– Morton S. Bouchard, III – took the helm, and leads the company still today.