OPC, CHEC ink deal for Puerto Cortes expansion
Cortes, Honduras. The first phase covers the construction of a 350-meter long berth with a controlling depth of 15.5 meters, two trestles that will be connected to the existing yard, and dredging of the bay up to 14 meters deep. The new berth will be equipped with two super post-Panamax quay cranes, bringing OPC’s total number of quay cranes to six. Scheduled for completion by mid-2018, the terminal expansion will position Puerto Cortes as the most competitive port in the Caribbean. The port, located north and along the Atlantic coast of Honduras, is the country&rs
ADCP-based Monitoring System Aids Operations in Darwin Harbor
expanded for increased shipping and business. This expansion has seen a renewed focus on the interplay between the port’s operational, maritime and natural environments. For example, a large tidal range of almost 8 m drives strong and complex currents, having speeds to 2 m/s. At times, maneuvering Panamax and LNG bulk carriers can be difficult. While aiding such port operations, marine observing systems can also help reveal processes that impact the sustainable use of these areas (e.g., sediment transport, water quality). To boot, these data can provide ground truth and boundary conditions for computer
DryShips Reports 3Q 2014 Results
contracts will commence in direct continuation from the end of the current agreements with Petrobras, in the first and second quarter of 2015, respectively. - On August 24, 2014, the Company agreed with Jiangsu Rongsheng Heavy Industries to cancel the construction of our four newbuilding Ice class Panamax vessels, for which the Company had previously contracted. On September 2, 2014, the Company received in connection with the cancellation of these newbuilding contracts all installments previously paid to the shipyard of $11.6 million, plus interest. George Economou, Chairman and Chief Executive
Crowley Transports Panama Canal Gate
calculations related to the barge and voyage. The Canal expansion project involves widening the channel and adding a third set of locks, one set on the Pacific and the other on the Atlantic side. The new locks require 16 gates which, when complete, will increase efficiency and allow larger, post-Panamax ships, and extended width barges like Crowley’s 130-foot wide Julie B, to travel through the Canal likely resulting in a higher volume of containerized and non-containerized, break bulk and project shipments. In the past, vessels were designed with the Canal’s size limitations
Greece's Dryships AGM Appoints Directors, Auditors
of 2 ultra deepwater semisubmersible drilling rigs and 9 ultra deepwater drillships, two of which remain to be delivered to Ocean Rig during 2013 and two of which are scheduled to be delivered during 2015. DryShips owns a fleet of 42 drybulk carriers (including newbuildings), comprising 12 Capesize, 28 Panamax, and 2 Supramax with a combined deadweight tonnage of about 4.4 million tons, and 10 tankers, comprising 4 Suezmax and 6 Aframax, with a combined deadweight tonnage of over 1.3 million tons.
August 2025
