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BIG JOHN

JFK Towed to Philadelphia for Storage

By Kathleen Roberts, Naval Sea Systems Command Public Affairs The decommissioned aircraft carrier John F. Kennedy (CV 67) is scheduled to arrive March 22 at the Navy's Inactive Ships Maintenance Facility in for preservation and storage. Due to safety and security concerns, the ship will not be open for tours while in storage in . A contracted tug boat began towing the inactive carrier John F. Kennedy from Norfolk Naval Station on March 17. The ship was originally scheduled to be towed to in August 2007, but was instead towed to while the Navy dredged in the vicinity of Pier 4 to further increase the safety of the ship mooring process and the surrounding waterway. The public may view the carrier's journey up the Delaware River from many locations along the river in , , and . These include Gov. Printz Park in Essington, Pa.; Fox Point State Park in Wilmington, Del.; Ft. DuPont State Park, Del.; New Castle Battery Park in New Castle, Del.; Delaware City State Park, Del.; Red Bank Battlefield, Red Bank, N.J.; other public parks between Cape May and National Park, N.J. John F. Kennedy is currently on the Navy's inactive inventory, meaning the ship has been taken out of commission and laid up for safe storage pending a future SECNAV decision regarding the ultimate disposition of the ship. As required by the fiscal year 2007 National Defense Authorization Act


Navy Tows JFK from Norfolk to Philadelphia for Storage

The decommissioned aircraft carrier ex-John F. Kennedy (CV 67) departed Norfolk Naval Station, , March 17 and is currently in tow to the Navy’s Inactive Ship Maintenance Facility in .  The ship is scheduled to arrive at the Navy’s facility on March 20 for preservation and safe storage until a decision is made by the Secretary of the Navy on the carrier’s final disposition. A contracted tugboat will tow the carrier up the East Coast to via the


Betting Big LNG Rates Will Rise

Gas is big and growing, as rates for LNG hauling tanker rise for a third year, fueled in part by demand from Japan. According to a Bloomberg report, rising Japanese demand means that Golar LNG Ltd., which operates nine LNG tankers and is controlled by John Fredriksen, will report a threefold gain in 2012 net income, according to the mean of 11 analyst estimates in a Bloomberg survey. Golar is reactivating four-decade-old mothballed ships after rates doubled in 2011 and are forecast by


LNG Energy Exporters – U.S. Might Top the World

Tthe U.S. could become the largest exporter of LNG in the world, with reservations, providing ... By 2017 the U.S. could be the largest exporter of liquefied natural gas in the world, surpassing leading LNG exporters Qatar and Australia. There is one big "if," however. America can produce more gas, export a surplus, improve the trade deficit, create jobs, generate taxable profits and reduce its dependence on foreign energy if the marketplace is allowed to work and politics


Saint John NB Sees Season's First Cruise Ship

Carnival Glory: Photo credit Wiki CCL

The first cruise ship of the year, 'Carnival Glory' made its way into Saint John Harbour recently bringing 3,000 guests to the Port City The Carnival Glory is the first of 73 cruise ships that are expected to make a stop in Saint John this summer, informs CBC News. More than 187,000 passengers are expected to visit Saint John between now and the end of October. Melanie Colpitts, a spokesperson with Aquila Tours Inc., said it takes all winter to prepare for their arrival


Fredriksen's Firms See Diverging Fortunes

Rig firm Seadrill sees tough market continuing in 2016. Firms in Norwegian-born billionaire John Fredriksen's empire saw contrasting fortunes on Tuesday, as rig firm Seadrill booked $1.8 billion in writedowns while tanker firm Frontline turned around its fortunes after years of turmoil. The shipping tycoon, nicknamed "Big Wolf" or "Big John" in the shipping industry, controls companies spanning offshore drilling, shipping of oil and dry bulk and salmon farming.


Moore Stephens Recommends Transfer Pricing Review

Shipping companies should take positive action now, if they want to avoid a big U.K. tax bill, say leading accountants Moore Stephens. In the current issue of Moore Stephens' shipping newsletter, the bottom line, Philip Parr, partner, recommends a transfer pricing study to prevent the Inland Revenue from charging international shipping companies, with a UK arm, any additional tax, interest and penalties. Transactions involving associated overseas companies are affected by the new tax


Marine Inland Fabricators Delivers Truckable Tugs

Photo courtesy Marine Inland Fabricators

Marine Inland Fabricators, located in Panama City, Fla, specializes in truckable push boats. The company currently has 21 employees and delivered 26 boats in 2009. So far this year, the company we has built 23 push boats.  Marine Inland Fabricators also builds barges and has built work boats as big as 60 ft by 26 ft by eight ft, two of which are currently working in Lake Ponchartrain in New Orleans, La.  We recently filled a seventeen boat order for General Electric to work in the


Long Beach's Green Port Policy Turns 10

Photo: Port of Long Beach

The Long Beach Board of Harbor Commissioners celebrated the 10th anniversary of the Port of Long Beach’s Green Port Policy by honoring its originators and reaffirming their commitment to environmental sustainability.   Adopted on January 31, 2005, the Green Port Policy is a pledge to protect air, water, community and wildlife, and to consider the environment in all of its day-to-day activities. According to the port


Genco Shipping Posts Loss in 2015

Photo: Genco Shipping & Trading Limited

 US-headquartered ship owner Genco Shipping & Trading Limited suffered a massive loss for 2015 just like the rest of the industry. However, the result represents a big improvement from the losses in 2014.   Dry bulk carrier has managed to decrease its net loss to USD 49.5 million in the fourth quarter of 2015, compared to a net loss of USD 164 million seen in the corresponding period a year earlier.  


JERA Imports Japan's First Liquefied Shale Gas Cargo from U.S.

File Image: an LNG carrier (CREDIT: Parker Bestobell)

Japan's JERA Co said on Friday it imported the country's first liquefied shale gas cargo from the United States as part of efforts to diversify its supply.   This also marks Japan's first import of liquefied natural gas (LNG) produced in the contiguous United States


Iron Ore Exports to China from Port Hedland hit record

File Image: a so-called ValeMax bulk carrier (CREDIT: Vale)

Port is world's biggest iron ore export terminal; iron ore prices soared 80 pct in 2016.   December iron ore shipments to China from Australia's Port Hedland terminal hit a record 37.4 million tonnes in December, boosted as users such as BHP Billiton and Fortescue Metals Group ramped up


Interview: Remi Eriksen, CEO of DNV GL

Remi Eriksen - CEO, DNV GL (Photo: DNV GL)

At SMM 2016 in Hamburg Maritime Reporter & Engineering News had the opportunity to sit with Remi Eriksen, the CEO of DNV GL. After his first year on the job in the top spot, Eriksen shares with MR his blunt assessment of the maritime and offshore O&G markets in the near-term


SC Ports See Record Box Volumes in 2016

South Carolina Ports Authority (SCPA) announced a record container volume of nearly two million 20-foot equivalent units (TEUs) handled in 2016.   SCPA handled 1.996 million TEUs in 2016, surpassing the previous record of 1.985 million TEUs handled in 2005. Container volume in TEU was up 1


Go Ahead for Brownsville Ship Channel Deepening

President Barack Obama signed into law the Water Resources and Development Act (WRDA) of 2016, authorizing the Brownsville Ship Channel deepening project, making it eligible for federal funding, as announced by the Port of Brownsville. The Brazos Island Harbor Channel Improvement Project was one


Frontline Sees Strong Start to 2017

Crude tanker operator Frontline expects strong demand for its vessels at the start of 2017 and could benefit from oil producers' pact to cut output if it forces Asian buyers to go further afield for supplies, its chief executive said. Spot rates for very large crude carriers (VLCCs) have


Noonan Named CMA's 2017 'Commodore'

Jack Noonan, CEO, Chembulk Tankers

This morning CMA announced that Mr. John D. “Jack” Noonan, CEO of Chembulk Tankers, has been named as the CMA Commodore for the year 2017. Noonan joins a presigious list of previous award winners, including Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran


Renewal Time for CLC, Bunker, Athens and WRC Certificates

Photo: Danish Maritime Authority

 Time has come for most shipowners to apply for renewal of their CLC, Bunker, Athens and Wreck Removal Certificates from the Danish Maritime Authority. Certificates must be renewed when the underlying insurance expires.   Ships subject to a requirement for a certificate are not allowed


UK Eyes Part-Privatisation of Ship Register

Photo: UK Chamber of Shipping

 The Bulletin Panama reported that a report by KPMG, commissioned by the Department for Transport, recommends that the Ship Register become a “govco”, a privately held state-owned company that is subject to government oversight but has more commercial freedoms


Chilean Wood Products Export to Shrink in 2016

Chilean forestry exports will total $5.3 billion by value in 2016, 3 percent less than last year, as supply has increased and the economies of key export markets remain sluggish, an industry body said on Tuesday.   The Chilean Wood Corporation (Corma) said in a statement that exports in


INTTRA Celebrates 15th Anniversary

Logo

Marking its 15th Anniversary in 2016, INTTRA, the world's ocean shipping electronic marketplace, looks back on the success of its innovative platform while embracing its future as the digital leader in logistics - growing rapidly and expanding its offering.  


FSC Denies Mergers Between Big Three Shipbuilders

Image: Daewoo Shipbuilding & Marine Engineering Co

 The chairman of South Korea's Financial Services Commission, Yim Jong-Yong, reiterated  that Daewoo Shipbuilding and Marine Engineering (DSME) would not be merged with Samsung Heavy Industries (SHI) and Hyundai Heavy Industries (HHI), according to a report in Korea Times.  


Eastern Launches Towboat for IWL River

Photo: Eastern Shipbuilding Group

Eastern Shipbuilding Group, Inc. has launched Impala Cantagallo, the final vessel in a series of four triple screw inland river towboats for IWL River, Inc.   Launched on December 14, 2016 Impala Cantagallo is part of a series of 134-foot inland river service towboats designed by CT Marine


Carmanah Acquires EKTA Marine Aids

Pic from Youtube video. Courtesy: Cybernetica AS

 Carmanah Technologies Corporation  has completed the acquisition of the EKTA marine aids to navigation assets from Cybernetica AS of Estonia.    The company had previously announced its intention to acquire the EKTA branded products and contracts on November 29th, 2016.


Samsung Wins $1.26bln Contract from BP

Photo: Samsung Heavy Industries

 Samsung Heavy Industries, South Korea's major shipyard, build a floating production unit for British oil multinational BP that will be used in offshore drilling in the Gulf of Mexico, says a report in Yonhap.   The 1.5 trillion won ($1






 
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