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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


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.


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


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


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


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


U.S. Renews Security Pledge to Japan

U.S. Secretary of State John Kerry told Japanese leaders on Monday that Washington's treaty commitments to Japan's security remain "iron-clad" and cover all territories under Tokyo's administration, including tiny islands in the East China Sea that China also claims. Kerry renewed the security pledge related to the islets, known as the Senkakus in Japan and the Diaoyus in China, at a New York news conference with Japan's foreign and defense ministers to unveil updated U.S


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


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.  


HMM Adopts INTTRA's eVGM Solution

INTTRA now offers an eVGM solution that enables customers to seamlessly comply with SOLAS VGM. Photo INTRA

Hyundai Merchant Marine (HMM) has expanded its longstanding relationship with INTTRA, the world's ocean shipping electronic marketplace, by adopting the INTTRA eVGM Service as a channel to facilitate compliance with the International Maritime Organization's Safety of Life at Sea (SOLAS) Verified


South Africa Raids Boxship Operator's Offices

File Image: a CMA CGM boxship alongside and loading cargo. (Credit: Marad)

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk


Mark Wahlberg Hopes 'Deepwater Horizon' Film Honors Victims

Mark Wahlberg in Deepwater Horizon. Photograph: David Lee/Lionsgate

Actor Mark Wahlberg said "the biggest responsibility" for himself and the makers of the new movie, "Deepwater Horizon," was to honor the real-life victims of the 2010 oil rig disaster.   "The oil can ultimately be cleaned up, (but) those 11 men can't be replaced


Drewry: What Next for THE Alliance?

Photo: Hanjin Shipping

 Hanjin’s bankruptcy leaves the proposed carrier grouping THE Alliance at a size disadvantage to both its future rivals. Might a replacement be called up?    Drewry says that the container shipping industry is in a state of flux at the moment and nobody can honestly say they


Petrobras to Seek Builders for Six Platforms

Petroleo Brasileiro SA, Brazil's state-run oil company, as of 2017 will begin seeking offers for the construction of six new offshore oil platforms envisioned in current investment plans, according to a newspaper interview published Sunday.


On the Majestic Maersk, mega-ship dreams obscure cloudy future

File Image (Maersk)

For Captain Dick S. Danielsen, the childhood dream has been to sail the world's biggest ships. The Danish seaman got his chance three years ago when he was asked to helm the Majestic Maersk, a mammoth, baby blue-painted vessel that at 400 meters (1


COSCO Sees Piraeus in Top Thirty by 2018

Photo: Piraeus Port Authority

COSCO Shipping, plans to ramp up container volume at Greece’s biggest port in Piraeus by 35 percent by 2018, the port’s new managing director, Fu Cheng Qiu, said, reports Reuters.   China's biggest shipping company, which owns the world's fourth-largest container shipping fleet


Oil up 2%

Oil prices were up as much as 2 percent on Wednesday after a third surprise weekly drop in U.S. crude stockpiles helped assuage fears over a global oil glut.   Oil was also supported by an industry strike in Norway that threatened to cut North Sea crude output and a weaker dollar ahead of a


New Vessel Traffic Equipment at ABP Southampton

Shipping Minister John Hayes CBE MP (front row, third from left) at ABP Southampton with James Cooper, chief executive at Associated British Ports (front row, far left), Alastair Welch, port director at ABP Southampton port director (back row, far right) with staff at ABP Southampton (Photo: ABP)

Associated British Ports marked the latest in a series of multi-million dollar investments in the port of Southampton by inviting the Rt Hon John Hayes CBE MP to open its brand new vessel traffic service (VTS) operating room, (September 21).  


Navy Names Replenishment Oiler After Robert F. Kennedy

A graphic representation of the future USNS Robert F. Kennedy (T-AO 208). (U.S. Navy photo by Mass Communication Specialist 1st Class Armando GonzalesReleased)

Secretary of the Navy (SECNAV) Ray Mabus announced today that the next ship of the next generation of fleet replenishment oilers will be named USNS Robert F. Kennedy (T-AO 208). A ceremony marking the announcement was held at the John F. Kennedy Presidential Library in Boston.


Iron: Implications in Shipping

Graph: Clarksons Research

Clarksons Research says that iron-based materials such as steel are used incredibly widely in the world’s industries today, with clear implications for shipping too.   The versatility and strength of steel has made it today’s most important construction material, with 1


Adani buys Australian Port Operator from Glencore

A unit of India's Adani Enterprises Ltd will buy the company that operates Australia's Abbot Point Coal Terminal from Glencore Plc for A$19.25 million dollars ($14.52 million), ending a legal wrangle over control of the port. The statement from Adani and Glencore said Adani Ports and Special


Australian Port Sold for $7.3 bln to Consortium

Photo: Port of Melbourne

A consortium of global and domestic funds, backed by investors including China Investment Corp, agreed to buy Australia's busiest port for a higher-than-expected A$9.7 billion ($7.3 billion), a sign that tough equity markets are helping fuel appetite for infrastructure.  


Medal of Honor for Two Destroyers

A graphic representation of the future USS Jack H. Lucas (DDG 125)

In a ceremony at Vaught-Hemingway Stadium, Secretary of the Navy Ray Mabus announced Arleigh Burke-class destroyer, DDG 125, will be named Jack H. Lucas in honor of the Marine Corps hero and Medal of Honor recipient. Mabus also announced that DDG 126 would be named Louis H. Wilson Jr


U.S. meeting on ocean conservation nets $5.3 billion in pledges

U.S. Secretary of State John Kerry,

International participants at a high-level conference on the world's oceans pledged more than $5.3 billion for conservation and designated vast areas as protected waters, U.S. Secretary of State John Kerry said on Friday. More than 90 countries took part in the two-day conference






 
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