St. Lawrence Seaway: Overview of Safety, Efficiency, Operational, and Environmental Issues Discussion Paper
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International Seaways Inc
International Seaways, Inc. Third Quarter 2020 Earnings Presentation November 6, 2020 Disclaimer Forward-Looking Statements During the course of this presentation, the Company (International Seaways, Inc. (INSW)) may make forward-looking statements or provide forward-looking information. All statements other than statements of historical facts should be considered forward-looking statements. Some of these statements include words such as ‘‘outlook,’’ ‘‘believe,’’ ‘‘expect,’’ ‘‘potential,’’ ‘‘continue,’’ ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘could,’’ ‘‘seek,’’ ‘‘predict,’’ ‘‘intend,’’ ‘‘plan,’’ ‘‘estimate,’’ ‘‘anticipate,’’ ‘‘target,’’ ‘‘project,’’ ‘‘forecast,’’ ‘‘shall,’’ ‘‘contemplate’’ or the negative version of those words or other comparable words. Although they reflect INSW’s current expectations, these statements are not guarantees of future performance, but involve a number of risks, uncertainties, and assumptions which are difficult to predict. Some of the factors that may cause actual outcomes and results to differ materially from those expressed in, or implied by, the forward-looking statements include, but are not necessarily limited to, vessel acquisitions, general economic conditions, competitive pressures, the nature of the Company’s services and their price movements, and the ability to retain key employees. The Company does not undertake to update any forward-looking statements as a result of future developments, new information or otherwise. Non-GAAP Financial Measures Included in this presentation are certain non-GAAP financial measures, including Time Charter Equivalent (“TCE”) revenue, EBITDA, Adjusted EBITDA, and total leverage ratios, designed to complement the financial information presented in accordance with generally accepted accounting principles in the United States of America because management believes such measures are useful to investors. TCE revenues, which represents shipping revenues less voyage expenses, is a measure to compare revenue generated from a voyage charter to revenue generated from a time charter. -
In This Issue …
In This Issue … INLAND SEAS®VOLUME 72 WINTER 2016 NUMBER 4 MAUMEE VALLEY COMES HOME . 290 by Christopher H. Gillcrist KEEPING IT IN TRIM: BALLAST AND GREAT LAKES SHIPPING . 292 by Matthew Daley, Grand Valley State University Jeffrey L. Ram, Wayne State University RUNNING OUT OF STEAM, NOTES AND OBSERVATIONS FROM THE SS HERBERT C. JACKSON . 319 by Patrick D. Lapinski NATIONAL RECREATION AREAS AND THE CREATION OF PICTURED ROCKS NATIONAL LAKESHORE . 344 by Kathy S. Mason BOOKS . 354 GREAT LAKES NEWS . 356 by Greg Rudnick MUSEUM COLUMN . 374 by Carrie Sowden 289 KEEPING IT IN TRIM: BALLAST AND GREAT LAKES SHIPPING by Matthew Daley, Grand Valley State University Jeffrey L. Ram, Wayne State University n the morning of July 24, 1915, hundreds of employees of the West- Oern Electric Company and their families boarded the passenger steamship Eastland for a day trip to Michigan City, Indiana. Built in 1903, this twin screw, steel hulled steamship was considered a fast boat on her regular run. Yet throughout her service life, her design revealed a series of problems with stability. Additionally, changes such as more lifeboats in the aftermath of the Titanic disaster, repositioning of engines, and alterations to her upper cabins, made these built-in issues far worse. These failings would come to a disastrous head at the dock on the Chicago River. With over 2,500 passengers aboard, the ship heeled back and forth as the chief engineer struggled to control the ship’s stability and failed. At 7:30 a.m., the Eastland heeled to port, coming to rest on the river bottom, trapping pas- sengers inside the hull and throwing many more into the river. -
The Year of Green Retrofits
Customer Magazine ISSUE 4 (35) 2020 The year of green retrofits A tribute to the X-PRESS FEEDERS Russian American hero container ships… arctic icebreaker The ship commemorating …for the first time We brought azimuth thruster Major Richard Winters at our premises! back to full operation in magazine Page 5 Page 16 Page 24 editorial contents Customer Magazine ISSUE 4 (35) 2020 The year The third wave of green retrofits A tribute to the X-PRESS FEEDERS Russian American hero container ships… arctic icebreaker The ship commemorating …for the first time We brought azimuth thruster Major Richard Winters at our premises! back to full operation magazine of uncertainty in Page 5 Page 16 Page 24 The year 2020 will certainly go agement during the COVID-19 3 Mont St Michel began down in history as the most difficult pandemic that was crucial in the ferry repair season at in track record of the global econ- operations of all shipyards world- Remontowa omy. Once COVID-19 vaccines wide. Remontowa has managed had appeared and began to be dis- this very well. The procedures put 5 The ship commemorating tributed, there was hope for a pro- in place at a very early stage to pre- Major Richard Winters gressive return to normality. How- vent coronavirus infection, backed 7 LPG carriers arrived for ever, there is still uncertainty as to up by good cooperation with Ship- special surveys and BWMS whether the third wave of the pan- owners, resulted in safe project ex- installations demic will strike and with what ef- ecution. fect. -
ANNUAL REPORT 2016 Corporate Profile
ANNUAL REPORT 2016 Corporate Profile Diana Shipping Inc. (NYSE: DSX) is a global provider of shipping transportation services. We specialize in the ownership of dry bulk vessels. As of April 28, 2017 our fleet consists of 48 dry bulk vessels (4 Newcastlemax, 14 Capesize, 3 Post-Panamax, 4 Kamsarmax and 23 Panamax). The Company also expects to take delivery of one Post-Panamax dry bulk vessel by the middle of May 2017, one Post-Panamax dry bulk vessel by the middle of June 2017 as well as one Kamsarmax dry bulk vessel by the middle of June 2017. As of the same date, the combined carrying capacity of our fleet, excluding the three vessels not yet delivered, is approximately 5.7 million dwt with a weighted average age of 7.91 years. Our fleet is managed by our wholly-owned subsidiary Diana Shipping Services S.A. and our established 50/50 joint venture with Wilhelmsen Ship Management named Diana Wilhelmsen Management Limited in Cyprus. Diana Shipping Inc. also owns approximately 25.7% of the issued and outstanding shares of Diana Containerships Inc. (NASDAQ: DCIX), a global provider of shipping transportation services through its ownership of containerships, that currently owns and operates twelve container vessels (6 Post-Panamax and 6 Panamax). Among the distinguishing strengths that we believe provide us with a competitive advantage in the dry bulk shipping industry are the following: > We own a modern, high quality fleet of dry bulk carriers. > Our fleet includes groups of sister ships, providing operational and scheduling flexibility, as well as cost efficiencies. -
Powerships 300 Final
NUMBER 3OO WINTER 2017 Remembering the LaGuardia from General Richardson & Leilani to Roosevelt, Atlantis & Emerald Seas 8 IC EBOUND! RMS Britannia at Boston, 1844 22 C entury-old Motor Yacht, Mar-Sue 34 From Peonies to Pirates: The Amazing Story of Jane Shelley 40 C aptain Cobb’s Steamer, the Despatch 44 Thanks to All Who Supported SSHSA During 2016 As of December 28, 2016 Admiral – $25,000+ Ambassador – $5,000+ Dibner Charitable Trust of Massachusetts Mr. Thomas C. Ragan The Family of Helen & Henry Posner, Jr. Maritime Heritage Grant Program Benefactor ($1,000+) Mr. Barry W. Eager CAPT & Mrs. Roland R. Parent Schneider Electric N.A. Foundation Ms. Deborah Aiken & Mr. Tom Sepe Mr. and Mrs. Donald W. Eberle CAPT Dave Pickering Mr. & Mrs. James W. Shuttleworth Amica Companies Foundation The Estate of Mr. John Hamma Queen Mary Hotel CAPT & Mrs. Terry Tilton, USN (Ret.) Mr. Charles T. Andrews Mr. Nicholas Langhart Mr. Richard Rabbett Mr. Joseph B. White Mr. James Berwind Mr. Don Leavitt Mr. Robert Rubino Mr. Peregrine White Mr. Ian Danic Dr. Laurence Miller Russell Morin Catering & Events Mr. Eric Wiberg Leader ($500+) Mrs. Carolina Kimball Sponsor ($300+) Mr. Tom Jordens Mr. Ronald Amos Ms. Joyce Krabach Ms. Joan Bentinck-Smith CAPT Leif Lindstrom CAPT John M. Cox Mr. Stephen Lash BNY Mellon Charitable Gift Fund Mr. Jeff MacKlin Ms. Jackie Chase & Cunard Line Mr. Keith A. Lewis Mr. Gabriel Caprio Mrs. Joanie Morgan Disney Cruise Line Mrs. Gale Lucier Mr. Thomas Diedrich Morgan Stanley Community Affairs Mr. William W. Donnell CAPT and Mrs. James J. -
The Impact of the New Panama Canal on Cost-Savings in the Shipping Industry
the International Journal Volume 13 on Marine Navigation Number 3 http://www.transnav.eu and Safety of Sea Transportation September 2019 DOI: 10.12716/1001.13.03.07 The Impact of the New Panama Canal on Cost-savings in the Shipping Industry D. Zupanovic, L. Grbic & M. Baric University of Zadar, Zadar, Croatia ABSTRACT: The passage through the Panama Canal has become the usual waterway for all the ships that can navigate through the Canal. The traffic through the canal is limited by the size of a ship. The need for the expansion of the Canal has emerged due to the development of the global trade and the shipping industry. The new dimensions of the lock‐chambers determine the size of the ships as well. The new generation of ships built to the largest specifications possible to transit the current locks of the canal are called the Post‐Panamax vessels. The maximum dimensions of these ships are 366 meters in length, 49 meters in beam and 15.2 metres in draught. The paper analyses savings in the operational costs on three types of the Post‐Panamax vessels after the Canal expansion. 1 INTRODUCTION The construction of the new and expanded canal enabled the passage of the Post‐Panamax ships. The The construction of the Canal, which lasted for 34 navigation of this category became a standard in the years, introduced the shorter and more efficient route maritime industry and proved the Canal to be of great between the east and west coasts of the United States importance to the world shipping. -
UNITED STATES DISTRICT COURT for the DISTRICT of COLUMBIA AMERICAN GREAT LAKES PORTS ASSOCIATION 700 12Th Street, NW, Suite
Case 1:18-cv-02650 Document 1 Filed 11/16/18 Page 1 of 22 UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA AMERICAN GREAT LAKES PORTS ASSOCIATION 700 12th Street, NW, Suite 700 Washington, DC 20005, BROCHART KB Trappvagen 5 Sollentuna, 191 35 Sweden, CANFORNAV INC. Civil Action No. 1:18-cv-2650 800 Rene-Levesque Blvd West Suite 2300 Montreal, Quebec H3B 1X9 Canada, FEDNAV INTERNATIONAL LTD. 1000 de La Gauchetière Street West Suite 3500 Montreal, Quebec H3B 4W5 Canada, POLSKA ZEGLUGA MORSKA P.P. Plac Rodła 8 70-419 Szczecin, Poland, SHIPPING FEDERATION OF CANADA 300 St. Sacrement Street, Suite 326 Montreal, Quebec H2Y 1X4 Canada, SPLIETHOFF TRANSPORT BV Radarweg 36 1042 AA Amsterdam, The Netherlands, UNITED STATES GREAT LAKES SHIPPING ASSOCIATION 7714 Woodstar Lane Concord Township, OH 44077-8993, and WAGENBORG SHIPPING BV Marktstraat 10 9934 CK Delfzijl, The Netherlands, Plaintiffs, 6796683.11 Case 1:18-cv-02650 Document 1 Filed 11/16/18 Page 2 of 22 v. ADMIRAL KARL SCHULTZ, in his official Capacity as Commandant, United States Coast Guard 2703 Martin Luther King Avenue SE Washington, DC 20593-7000, and UNITED STATES COAST GUARD 2703 Martin Luther King Avenue SE Washington, DC 20593-7000, Defendants. COMPLAINT FOR DECLARATORY AND INJUNCTIVE RELIEF Plaintiffs American Great Lakes Ports Association, Brochart KB, Canfornav Inc., Fednav International Ltd., Polska Zegluga Morska P.P., Shipping Federation of Canada, Spliethoff Transport BV, United States Great Lakes Shipping Association, and Wagenborg Shipping BV (collectively, “Plaintiffs”), by counsel, bring this Complaint seeking review of actions by the United States Coast Guard (“Coast Guard or “the Agency”) establishing Great Lakes pilotage rates for the 2018 navigation season. -
Canadian Arctic Shipping
Canadian Arctic Shipping: Issues and Perspectives Papers by: Adam Lajeunesse Will Russell A.E. Johnston INTERNATIONAL CENTRE FOR NORTHERN GOVERNANCE AND DEVELOPMENT Occasional Paper Series, Vol. 11-01 November 2011 Copyright © 2011 Adam Lajeunesse, Will Russell and A.E. Johnston International Centre for Northern Governance and Development University of Saskatchewan All rights reserved. No part of this publication may be reproduced in any form or by any means without the prior written permission of the publisher. In the case of photocopying or other forms of reprographic reproduction, please consult Access Copyright, the Canadian Copyright Licensing Agency, at 1–800–893–5777. Editing, design, and layout by Heather Exner-Pirot and Colleen Cameron. International Centre for Northern Governance and Development 117 Science Place University of Saskatchewan Saskatoon SK Canada S7N 5C8 Phone: (306) 966–1238 / Fax: (306) 966–7780 E-mail: [email protected] Website: www.usask.ca/icngd CONTENTS Executive Summary ................................................................................................................................. 2 A New Mediterranean? Arctic Shipping Prospects for the 21st Century, by Adam Lajeunesse ................................................................................................................................................... 4 Introduction ....................................................................................................................................................................................... -
In the United States District Court for the District of Columbia
Case 1:16-cv-01019 Document 1 Filed 05/31/16 Page 1 of 21 IN THE UNITED STATES DISTRICT COURT FOR THE DISTRICT OF COLUMBIA AMERICAN GREAT LAKES PORTS ASSOCIATION 700 12th Street, NW, Suite 700 Washington, DC 20005, BROCHART KB Trappvagen 5 Sollentuna, 191 35 Sweden, CANFORNAV INC. 800 Rene-Levesque Blvd West, Suite 2300 Montreal, Quebec H3B 1X9 Canada, FEDNAV INTERNATIONAL LTD. Civil Action No. 1:16-cv-1019 1000 de La Gauchetière Street West, Suite 3500 Montreal, Quebec H3B 4W5 Canada, POLSKA ZEGLUGA MORSKA P.P. Plac Rodła 8 70-419 Szczecin, Poland, SHIPPING FEDERATION OF CANADA 300 St. Sacrement Street, Suite 326 Montreal, Quebec H2Y 1X4 Canada, SPLIETHOFF TRANSPORT BV Radarweg 36 1042 AA Amsterdam, The Netherlands, UNITED STATES GREAT LAKES SHIPPING ASSOCIATION 7714 Woodstar Lane Concord Township, OH 44077-8993, and, WAGENBORG SHIPPING BV Marktstraat 10 9934 CK Delfzijl, The Netherlands, Case 1:16-cv-01019 Document 1 Filed 05/31/16 Page 2 of 21 Plaintiffs, v. ADMIRAL PAUL F. ZUKUNFT, in his official Capacity as Commandant, United States Coast Guard 2703 Martin Luther King Avenue SE Washington, DC 20593-7000, and, UNITED STATES COAST GUARD 2703 Martin Luther King Avenue SE Washington, DC 20593-7000, Defendants. COMPLAINT FOR DECLARATORY AND INJUNCTIVE RELIEF Plaintiffs herein, American Great Lakes Ports Association, Brochart KB, Canfornav Inc., Fednav International Ltd., Polska Zegluga Morska P.P., Shipping Federation of Canada, Spliethoff Transport BV, United States Great Lakes Shipping Association, and Wagenborg Shipping BV, (collectively, “Plaintiffs”), by counsel, bring this complaint against the United States Coast Guard and its Commandant in his official capacity (collectively, “Defendants” or the “Coast Guard”), and allege the following: NATURE OF THE ACTION 1. -
Shipowners Using Thordon Seawater Lubricated Propeller Shaft Bearings
SHIPOWNERS USING THORDON SEAWATER LUBRICATED PROPELLER SHAFT BEARINGS Future Compliant Gaining an Eco-Advantage Spring 2021 ZERO POLLUTION | HIGH PERFORMANCE | BEARING & SEAL SYSTEMS REFERENCES BULK CARRIERS Algoma Central Corp. (Canada) 8 bulk carriers ranging from 18,583 DWT to 47,800 DWT Equipped with COMPAC bearings, WQP & ThorShield Delivered: 1999 - 2013 Seaway Marine, Lakehead Marine (Canada), Chengxi (China) Atlantska Plovidba (Croatia) 2–38,000 DWT bulk carriers Equipped with COMPAC bearings & WQP Delivered: 2014 Qingshan Shipyard, Wuhan (China) COSCO (China) 15 bulk carriers ranging from 32,000 DWT to 38,500 DWT Equipped with COMPAC bearings, WQP & ThorShield Delivered: 2009 - 2017 Shanhaiguan, Nangtong, Shanghai, Guangzhou, Fujian Mawei (China) CSL Group (Canada) 6 bulk carriers ranging from 33,000 DWT to 74,000 DWT Equipped with COMPAC bearings, WQP & ThorShield Delivered: 2001 - 2014 Chengxi, Shanhaiguan, Yangfan (China), Fincantieri Bay Shipbuilding (USA), Hyundai Mipo (South Korea) Fuzhou Haitong Shipping (China) 2–51,000 DWT bulk carriers Equipped with COMPAC bearings Delivered: 2013 Taizhou Sanfu Ship Engineering (China) Interlake Steamships (USA) 1 – 28,000 DWT bulk carrier on order To be equipped with RiverTough bearings & WQP Delivery: 2022 Fincantieri Bay Shipbuilding (USA) Image: The Maritime Executive 2 | THORDON Seawater Lubricated Propeller Shaft Bearings BULK CARRIERS REFERENCES Interlake Steamships (USA) 7 bulk carriers ranging from 24,536 DWT to 69,172 DWT Equipped with COMPAC bearings (4) & RiverTough bearings -