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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


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


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


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.  


Sea Installer Receives Crane Upgrade

Photo: Damen

 A2SEA-owned jack-up leaves Damen Shiprepair Amsterdam able to handle bigger offshore wind installation projects   Damen Shiprepair Amsterdam (DSAm) has concluded major modification works on the Sea Installer. The principle scope of work involved the extension of the main crane boom


Fundraiser Held for USS Gerald R. Ford Crew

Photo: Blackmer

Blackmer, a company in positive displacement and centrifugal pump and reciprocating compressor technologies, has a relationship with the U.S. Military that dates back to 1914 when it became an official equipment supplier to the Armed Forces.  


Panama Canal Expansion: Impacts on the Bunker Industry

Photo: Monjasa

The total volume of the Panama bunker market has increased in recent years as price levels are becoming increasingly competitive to U.S. bunker hubs like Houston, New Orleans and New York.   In 2015, reports indicate that approximately 5 percent of the global trade passes through the Panama


Essberger Fleet Moves to Marlink’s Sealink VSAT Service

Photo: Essberger

The Hamburg headquartered John T. Essberger (JTE) Group will migrate the primary communication systems of its entire fleet to Sealink, Marlink’s global maritime broadband VSAT service. The Installation on 22 chemical tankers and nine dry cargo vessels is expected to be completed by the end


Panama Opens Canal Extension Amid Risk, Cost Issues

File image: a Cruise Ship transits the Panama Canal.

Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns. At 7.50 a.m. (1250 GMT)


“Twiggy” Baker Wins BWT Puerto Escondido Challenge

Courtesy World Surf League

Grant “Twiggy” Baker (ZAF) claimed victory today at the Puerto Escondido Challenge, besting a field of 24 of the world’s best big wave surfers in towering 20-to-35 foot surf off the coast of Mainland Mexico’s Puerto Escondido.


First U.S. Ship-to-Shore Drone Delivery

(Photo: Flirtey)

Flirtey, a Johns Hopkins University School of Medicine doctor and the Field Innovation Team showcase humanitarian potential of drones for the United Nations and American Red Cross.    Drone delivery service Flirtey and Dr. Timothy Amukele


Maersk's New CEO Appointment Raises Prospect of Break-up

Soren Skou (Photo: Maersk Line)

Danish shipping and oil group A. P. Moller-Maersk could split up into separate companies, its chairman said on Thursday after naming Soren Skou, the head of its container business, as chief executive.   Maersk shares rose more than 10 percent on the news with investors betting on a break-up


This Day In Naval History: June 23

1812 - During the War of 1812, Commodore John Rodgers leads a squadron onboard USS President off New York until she battles HMS Belvidera. The first shot of the War of 1812 is fired by USS President during this engagement.   1861 - During the Civil War


RBS Receives Bids for Greek Shipping Business

The Royal Bank of Scotland has received bids for its Greek ship finance business, banking and financial sources familiar with the matter said, following a leap in bad shipping debts at the lender over the past few months. They told Reuters that the operation was worth about $3 billion although


Lenders Deny BHP Port Debt on Coal Worries

Australian mining giant BHP Billiton pulled a $500 million debt refinancing plan at one of Australia's biggest coal export terminals after banks were reluctant to lend to the sector, said three sources with knowledge of the process. The decision earlier this month sets back efforts to simplify


ECB Reviews Shipping Loans

Image: European Central Bank

European Central Bank (ECB) kicked off a review into the risks of banks’ shipping exposure, Reuters reported.   ECB is conducting an in-depth review of banks’ exposure in shipping amid rising provisions for bad debt in an industry still mired in crisis.  


Maersk Line's Remote Control Management

Image: Maersk Line

 One of Maersk Line's  innovations turns the reefer container into a digitally connected device!   "At Maersk Line, we’re always looking for ways to improve cargo care on behalf of our customers. As the world’s biggest container shipping company


This Day In Naval History: June 22

Flasher (SSN-613) (left) and Tecumseh (SSBN-628) are seen on the building ways at General Dynamics Electric Boat on 21 June 1963. They would be launched simultaneously on the following day. (Photo courtesy of Valllejo Naval and Historical Museum)

1807 - Frigate USS Chesapeake, commanded by James Barron, is stopped by British frigate HMS Leopard after killing several of her crew and take Royal Navy deserters. Barron is court-martialed for not having his ship prepared to fight.  


Maersk Fights to Stay on top as Containership Downturn Deepens

Maersk Mc_Kinney Moller (Photo courtesy Maersk)

Denmark's Maersk Line is fighting to remain the world's no.1 container shipping carrier as a wave of mergers and acquisitions, particularly in Asia, creates new challengers trying to grab a bigger share of a depressed market. Maersk itself hasn't made a major acquisition for more than a decade






 
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