Investors seeking stocks with strong dividend yields would be well advised to go to sea and consider Capital Product Partners LP (NASDAQ:CPLP), a $285 million international transportation firm that owns and leases ships for transporting petroleum. It pays a whopping annual 14% yield, and has done so reliably for years.
CPLP specializes in small- and medium-sized ships to transport crude oil, gasoline, ethanol and other fuel-related products. Commercial tankers typically come in two varieties: large crude carriers and smaller refined product tankers. Crude tankers transport large amounts of unrefined oil from the point of extraction to refineries, while smaller product tankers generally transport the refined fuels such as gasoline and ethanol from the refineries to points closer to the end user.
Overview During the reporting period of 29 December 2011 to 04 January 2012 pirate activity against vessels has increased, but is still less than the same time last year. wo vessels were attacked (Alert 001 and Alert 002) and 3 vessels were approached (NSC 1/12) in the Gulf of Aden (GOA).
Let’s get this straight: he’s in charge of a flying vehicle and needs to deliver heavy loads to a critical deadline? We think it’s time for a Risk Assessment.
General job description
Santa Claus is employed for only two nights a year. His duties are as follows:
* Delivering presents from his factory in the North Pole to all the good children world-wide * Carrying out work whilst the children are asleep to avoid detection.
Changes to the Regulation on Fuel Sulfur and Other Operational Requirements for Ocean-Going Vessels within California Waters and 24 Nautical Miles of the California Baseline.
The purpose of this advisory is to notify owners and operators of ocean-going vessels (OGVs) of changes to the OGV Fuel Regulation. California’s ARB will begin enforcement of the changes to the rule on December 1, 2011.
Electronic Navigation chart is a modern tool that can definitely save ships from possible sea accidents. Like cars and other land vehicles with GPS, marines should also have something that will guide them in the ocean. The Electronic Chart Display and Information System or ECDIS is a type of modern map for ships.
ECDIS integrates radar and GPS, and uses the Automatic Identification System (AIS) which is used to broadcast their position to other ships by using radio signals, and displays an electronic map in real time with accurate readings of the weather and the local water depth.
Armed guards have saved a Greek tanker from pirates during a weekend attack in the Somali Basin.
Seaworld Management & Trading's 107,500-dwt Sea Voyager (built 2009) was set upon around 350 miles from the Somali coast on Sunday, TradeWinds is told.
Armed pirates in two skiffs attacked the tanker and were seen to be readying to fire at the ship.
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry increased by an average of 2.2 percent in 2010.
The findings are set out in OpCost 2011, Moore Stephens’ ship operating costs benchmarking tool. All individual categories of vessel covered by the research, with the exception of handysize product tankers, experienced an increase in total operating costs in 2010, the financial year covered by the survey. The 2.2 percent rise in costs in 2010 compares with a 2.0 percent fall recorded for the previous year, which was the first time since 2002 that operating costs had fallen.All cost categories showed an overall increase, with the exception of stores and insurance – with the latter falling by 4.7 percent overall.
Container ship charter rates are in free fall as ocean carriers cut back on hired tonnage amid plunging freight rates, rising overcapacity and sluggish cargo growth on key trade routes.
The market retreat has turned into a rout with the average daily rate for a gearless standard 4,250 20-foot equivalent container unit ship on a two-year charter falling to $14,750 from $16,046 at the end of last week, according to the Hamburg Shipbrokers Association.
BIMCO’s Marine Committee has followed the International Chamber of Shipping’s recently announced policy on the Energy Efficiency Design Index (EEDI) for new ships built after 1 January 2013 and advised its shipowner members not to build new ships without EEDI even if a waiver is available under IMO regulations agreed this July.
The international economy suffers losses amounting to 12 billion US dollars annually due to piracy at sea, an increasing problem especially in the Western Africa coasts.
President of the Cyprus Shipping Chamber Capt Eugen Adami told CNA that piracy is a problem, which not only affects Cyprus, having one of the biggest registry in the world, but it affects all countries. As regards the Cypriot flagged tanker which pirates seized Wednesday in the waters off Benin, neither Adami nor the Cyprus Department on Merchant Shipping were in a position to give more details.
Vessels larger than 500 gross tons will need to leave ports. The following is the text of three press releases issued by the U.S. Coast Guard: (CHARLESTON, S.C.) -- Effective 8 p.m., Wednesday, Coast Guard Captain of the Port (COTP), Capt. Michael White, increased port conditions for the coastal portion of South Carolina--from Winyah Bay to North Carolina--to X-RAY, due to the expectation of threatening winds generated by Hurricane Irene within the next 48 hours. Waterfront facilities should be removing potential flying debris, hazardous materials and oil pollution hazards from dockside areas. Secure all hazmat and potential sources of pollution due to possible heavy rain run-off.
The German government is considering a change to gun laws so that private security companies can protect German ships from pirates. So far this year 21 vessels have been hijacked near the Horn of Africa, DW-world reports
Germany may soon authorize shipping companies to hire private armed guards to defend vessels from Somali pirates. Ships sailing near the Horn of Africa are at high risk of attack from pirates, who often hijack ships for ransom.
THE Government of South African government is on red alert with "robust rules of engagement" against Somali pirates threatening the country's vital trade lanes in the western Indian Ocean. "With six million tonnes of oil transported around South Africa's western coastline every month and SADC [Southern African Development Community] waters becoming an alternative route for companies wishing to avoid piracy around the Horn of Africa, our waters have become attractive to Somali pirates trying to avoid the clampdown of the maritime task forces around eastern Africa," said South African Defence Minister Lindiwe Sisulu.
This is with regards to the availability of our facilities and services for the drydocking and repairs of your goodvessels.
In spite of the adverse circumstances which have created a negative climate for selecting Greece as a repair destination we would like to assure you of our Shipyard’s normal and uninterrupted operation and of our best attention at all times.
As in previous years and in accordance with International Group practice, the Club is required to carry out condition surveys of seagoing tankers aged 10 years or more if they have carried heavy fuel oil (HFO) as cargo during the previous policy year, unless:
Despite releasing new interim recommendations and guidance (MSC.1/Circs. 1405 and 1406) on the carriage of armed guards, the IMO’s position remains unchanged.
At a press conference this week, IMO secretary general Efthimios Mitropoulos stressed that seafarers should not be armed and the carriage of privately contracted armed security personnel (PCASP) remains a matter for the shipowner to request and the flag state to decide.
The request should only come following a thorough risk assessment. In addition, flag states should have a policy in place on whether, or not the use of PCASP will be authorised and, if so, under what conditions.
Investors seeking stocks with strong dividend yields would be well advised to go to sea and consider Capital Product Partners LP (NASDAQ:CPLP), a $285 million international transportation firm that owns and leases ships for transporting petroleum. It pays a whopping annual 14% yield, and has done so reliably for years.
Overview During the reporting period of 29 December 2011 to 04 January 2012 pirate activity against vessels has increased, but is still less than the same time last year. 
Let’s get this straight: he’s in charge of a flying vehicle and needs to deliver heavy loads to a critical deadline? We think it’s time for a Risk Assessment.
Changes to the Regulation on Fuel Sulfur and Other Operational Requirements for Ocean-Going Vessels within California Waters and 24 Nautical Miles of the California
Electronic Navigation chart is a modern tool that can definitely save ships from possible sea accidents. Like cars and other land vehicles with GPS, marines should also have something that will guide them in the ocean. The Electronic Chart Display and Information System or ECDIS is a type of modern map for ships.
Armed guards have saved a Greek tanker from pirates during a weekend attack in the Somali Basin.
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry increased by an average of 2.2 percent in 2010.
Container ship charter rates are in free fall as ocean carriers cut back on hired tonnage amid plunging freight rates, rising overcapacity and sluggish cargo growth on key trade routes.
BIMCO’s Marine Committee has followed the International Chamber of Shipping’s recently announced policy on the Energy Efficiency Design Index (EEDI) for new ships built after 1 January 2013 and advised its shipowner members not to build new ships without EEDI even if a waiver is available under IMO regulations agreed this July.
The international economy suffers losses amounting to 12 billion US dollars annually due to piracy at sea, an increasing problem especially in the Western Africa coasts.
Vessels larger than 500 gross tons will need to leave ports. The following is the text of three press releases issued by the U.S. Coast Guard:
The German government is considering a change to gun laws so that private security companies can protect German ships from pirates. So far this year 21 vessels have been hijacked near the Horn of Africa, DW-world reports
THE Government of South African government is on red alert with "robust rules of engagement" against Somali pirates threatening the country's vital trade lanes in the western Indian Ocean.
This is with regards to the availability of our facilities and services for the drydocking and repairs of your goodvessels.
As in previous years and in accordance with International Group practice, the Club is required to carry out condition surveys of seagoing tankers aged 10 years or more if they have carried heavy fuel oil (HFO) as cargo during the previous policy year, unless: