McRoberts Maritime Security Contracts Access Cruise
McRoberts Maritime Security announced that it has contracted Access Cruise, Inc., for strategic sales support to the cruise industry. "As the cruise industry moves to another phase in its evolution…
San Pedro Port Seeks $1.65b for Expansion
Ivory Coast's port of San Pedro is seeking 777 billion CFA francs ($1.65 billion) from private partners to fund upgrades that aim to make it one of West Africa's top shipping hubs…
NOAA Certifies 11Printers for Paper Charts
Mariners and the boating public have a wider choice of options and special services when they purchase NOAA paper nautical charts, thanks to NOAA's expanded "print-on-demand" chart production and distribution system. Coast Survey has certified eleven chart printing agents who have the flexibility to offer different color palettes, various papers, a cleaner margin, and a range of services. Under the program…
SENER Participates in INAPESCA Delivery
The shipyard Armón Vigo has delivered to the Mexico National Fisheries Institute (INAPESCA) the fishing and oceanographic research ship on which SENER participated. The vessel was commissioned to explore the waters of Mexico's Pacific coast, and according to an official press release from the Secretary of Agriculture, Livestock, Rural Development, Fisheries and Food (SAGARPA in its Spanish acronym)…
VLCCF Reports Q1 2014 Results
The Company reports net income of $10.7 million and earnings per share of $0.35 for the first quarter compared with net income of $3.5 million and earnings per share of $0.12 for the preceding quarter. Net income in the first quarter includes $9.7 million, which was received as partial settlement for a claim for damages and unpaid charter hire. The average daily time charter equivalent ("TCE") earned by the Capesize vessels in the first quarter was $25…
Braemar Engineering in Tie-up with Nigeria LNG
Braemar Engineering announced that it has been appointed to act as Shipping Consultants to Bonny Gas Transport, the wholly owned subsidiary of Nigeria LNG (NLNG) responsible for the transport of NLNG’s output over the Atlantic to Europe and the Americas. Braemar Engineering will oversee the building of six LNG carriers, from design to delivery, with completion of the project anticipated at the end of 2016.
MHI Receives First Order through MI LNG
Mitsubishi Heavy Industries, Ltd. (MHI) has received an order for an LNG (liquefied natural gas) carrier for Nippon Yusen Kabushiki Kaisha (NYK Line) through MI LNG Co., Ltd., a joint venture established with Imabari Shipbuilding Co., Ltd. in April 2013. The order - the first received via MI LNG - is the eighth to date for the Sayaendo, a next-generation LNG carrier offering superior fuel efficiency developed independently by MHI. Completion and delivery of the ship are scheduled for 2017.
Thrustmaster to Ink Deal with Dutch Barge Company at OTC
Thrustmaster of Texas, a manufacturer of commercial marine propulsion and thrusters based out of Houston, said it will sign a contract with the Dutch Barge Company during the Offshore Technology Conference (OTC) Thursday at 10:30 a.m. The deal, to be reached at OTC, will conclude with a press conference hosted by Thrustmaster's president Joe Bekker in the Reliant center press conference room. Thrustmaster…
OW Bunker Begins US West Coast Operations
OW Bunker has confirmed that its newly established physical distribution operation in Los Angeles and Long Beach, California, is now fully operational. The company’s first physical delivery was made to the containership CMA CGM Norma from the double-hulled barge Lily Blair earlier this month. Since then, OW Bunker has completed more deliveries as part of its service that covers the ports of Los Angeles and Long Beach and offers a full range of quality products…
Finland, Meyer Werft May Join to Buy Shipyard from STX
The Finnish government said it had teamed up with German shipbuilder Meyer Werft to consider buying a troubled local shipyard from South Korea's STX Offshore & Shipbuilding. The government in 2012 faced heavy criticism for not providing a loan to the Turku shipyard in southern Finland, which contributed to its loss of a 1 billion euro ($1.4 billion) order for cruise ships along with hundreds of potential jobs.
Höegh, Wallem Sign Ship Management Deal
Höegh Autoliners signed a nine vessel ship management deal with Wallem Ship Management yesterday at the Höegh headquarters in Oslo, Norway. The ship management agreement cements a deal between the companies, with Wallem delivering technical and crew management to nine PCTCs from its Singapore base. Wallem broadened its ship management business to Singapore in 2013, complementing the company’s existing ship agency services in the city state…
Navios Sells VLCC, Charters out Tanker Newbuild
Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, announced that the Nave Jupiter, a new building MR2 product tanker of 49,999 dwt…
Grieving South Korea Seeks Arrest of Ferry Owners
South Korean prosecutors are seeking the arrest of members of the family that owns the operator of a ferry that sank last month killing hundreds of school children…
HII Reports Q1 Earnings Jump
Huntington Ingalls Industries (HII) reported first quarter 2014 revenues of $1.59 billion, up 2 percent compared to the same period last year. First quarter diluted earnings per share was $1.81, compared to diluted earnings per share of $0.87 in the same period of 2013. Adjusted diluted earnings per share for the quarter was $1.53, compared to $1.17 in the comparable period of 2013. Segment operating income for the first quarter was $137 million…
China Blames Vietnam for Collisions, Calls for Talks
China says Vietnam intentionally collided with its ships in disputed waters. Official says no reason to suspend oil rig operations, demands Vietnam withdraw. The…
Petrobas Board Member Complains of Inept Management
The uproar in Brazil over state-run oil company Petroleo Brasileiro SA's purchase of a refinery in Pasadena, Texas, is just "a drop in the ocean" of problems afflicting the company…
GDF Suez Consortium Wins French Offshore Wind Tender
The French government has awarded a 4 billion euro ($5.57 billion) tender to build and run two offshore windfarms to a consortium led by French gas and power group GDF Suez…
Norway's Offshore Energy Boom Tailing Off
Norway's energy boom is tailing off years ahead of expectations, exposing an economy unprepared for life after oil and threatening the long-term viability of the world's most generous welfare model.
Wilhelmsen Maritime In FSN Private Equity Joint Venture
Wilhelmsen Maritime Services (WMS) says it has signed a letter of intent with the Nordic private equity fund FSN Capital to establish a joint venture within engineered solutions…
Bering Sea Early Sea Ice Break-Up 2014
The National Snow & Ice Data Center informs that since reaching its annual maximum extent on March 21, Arctic sea ice extent has declined somewhat unevenly, but…