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FRYING PAN

Coast Guard Secures Adrift Barge

A Coast Guard crew secured an adrift double-hulled barge carrying 5.5 million gallons of petroleum product off the southern coast of North Carolina. Members of Coast Guard Sector North Carolina's prevention department hooked towing gear to the tug Justine Foss, with the help of a rescue boat from Station Wrightsville Beach. Justine Foss is the same tug that responded to the original distress call of the tug Valour's crew. The Coast Guard team was lowered from a Marine Corps helicopter based in Cherry Point, N.C. The Marine helicopter was requested because of its proximity to the operating area. While adrift, the barge hit and displaced the #16 red buoy near Frying Pan Shoals off Wrightsville Beach, N.C. It does not appear that the buoy caused any damage to the barge. The barge was originally set adrift after its tug, the Valour, turned around to recover a crewember that fell overboard in heavy seas. During the search for the crewman, the tug began taking on water and later sank. The search continues for one crewman. Of the other eight, one crewman is confirmed dead, one is believed to have gone down with the tug, one is in Wilmington, N.C., one is en route to Elizabeth City, N.C, and four are safe aboard the Justine Foss. The Coast Guard suspended the search for the last missing crewman of the tug Valour just after midnight this morning. Coast Guard crews searched more than 1700 square nautical miles over a period of 16 hours.


General Dynamics Names Marzilli President of C4 Systems

General Dynamics announced that, effective January 1, 2006, Chris Marzilli will become president of subsidiary General Dynamics C4 Systems. He will report to Jerry DeMuro, General Dynamics executive vice president and group executive for Information Systems and Technology. Marzilli will succeed Mark A. Fried, 59, who is retiring. Marzilli has worked in the defense information systems and technology industry for more than 20 years


STX Pan Ocean Orders $215M LNG Carrier

STX Pan Ocean has ordered an LNG carrier from Korean shipbuilder Hanjin Heavy Industries and Construction. The vessel will be built at a cost of $215 million. Delivery is expected before 2010. STX Pan Ocean recently reported a 71 percent jump in full-year earnings to $279.8 million on a 20 percent increase in sales to $2.7 billion. Source: ChannelNewAsia


Pan-United Marine Wins $64m Contracts

Pan-United Marine , a Singapore shipbuilder, has won two shipbuilding contracts worth a total of $64m. Delivery of the vessels is expected to be at the end of 2009, Pan-United said.


STX Pan Ocean to spend $810

STX Pan Ocean a South Korean shipping firm, said on Wednesday it would spend about $810 million in 2008 on new vessels including bulk ships and containers. STX Pan Ocean , listed in Seoul and Singapore, also said in a filing to the Korea Exchange it would buy four bulk ships for 143.9 billion won ($153.2 million) by 2010.


Pan United Tugboat Goes Missing

According to an April 21 report from ChannelNewsAsia.com, Pan United tugboat, P-U 2007, went missing in waters off Kuantan in Malaysia the night of April 19. Nine crew members were on board the tugboat, which belongs to Pan United's wholly-owned subsidiary, P.U. Vision. The tugboat which was towing a barge, also owned by P.U. Vision, was en route to Thailand. (Source: ChannelNewsAsia.com) According to the ReCAAP Information Sharing Centre Incident Alert and Bryant’s Maritime News


Germanischer Lloyd Inaugurates Office Facilities in Dalian

With an open day and a ceremonial dinner Germanischer Lloyd has opened its new office facilities in Dalian last week. More than 150 representatives of new building and repair shipyards, ship owners and manufacturers of materials and components from Dalian and the surrounding area attended the event hosted by Station Manager Tian Tao. Vice director of Tian Jin Xingang Shipyard, Mr. Pan Yan Zhong, congratulated Germanischer Lloyd Dalian on the occasion and highlighted the technical support


Alion Awarded CG(X) Contract

Alion Science and Technology has been awarded a contract to support the Navy in managing the design and acquisition of the Navy's next generation Guided Missile Cruiser, CG(X). The award, a delivery order under the NAVSEA SeaPort Enhanced (SeaPort-e) contract, has a potential value of $127.8m over five years. The base year value is approximately $18.6m. CG(X) will be a surface combatant tailored for joint air and missile defense and joint air control operations providing airspace dominance


Global Industries Wins Safety Award

Global Industries was awarded the 2009 National Ocean Industries Association (NOIA) Safety-in-Seas Award on April 16, recognizing their contribution to the safety of life offshore for energy workers. Global Industries was selected by a panel of judges from the U.S. Coast Guard, the Minerals Management Service and the National Academy of Science's Marine Board. NOIA President Tom Fry said, "Global Industries demonstrated that safety is priority number one


Panamax Dry Bulker Delivered to STX Pan Ocean

Bulk Ship STX Horizon: Photo credit STX Pan Ocean

STX Pan Ocean takes over the 83,000 dwt class Panamax, 'STX Horizon', its first new-build delivery of the year. Having concluded strategic contracts for long-term transportation with domestic and international shippers including POSCO, Hyundai-Steel, KEPCO subsidiaries, Vale and Fibria in Brazil, STX Horizon will be added to the the owner's list of vessels to service these various contracts. A company official said: “Although current dry bulk shipping market is depressed


M-I SWACO Unveils Fluid, Cuttings Separator

SCREEN PULSE Fluid and Cuttings Separator

  M-I SWACO, a Schlumberger company, announced today the release of the SCREEN PULSE fluid and cuttings separator. Easily installed onto new or existing shale shakers, the fully pneumatic system delivers drilling fluid recovery of up to 30 bbl per day and an average drill cuttings waste


China Pans Vietnam Cruise to S. China Sea

China said on Friday that Vietnam's offer to its citizens of a  cruise to disputed South China Sea islands is an "interference" in China's sovereignty. Foreign Ministry spokesman Hong Lei made the comments at a regular news briefing.


Harim Acquires Pan Ocean

Photo: Pan Ocean

 South Korean poultry processor Harim Corp. is set to wrap up its purchase of troubled dry bulk carrier Pan Ocean Co. after creditors and shareholders approved a rescue plan for the country's biggest bulk carrier.   Harim, partnering with JKL Partners


Aggressive Superyacht Investment Pan for Blohm+Voss

superyatch.jpg

 Fred van Beers, the newly appointed CEO for Blohm+Voss, unveil details of an aggressive new investment plan in the superyacht sector.    Over the next year, the company is restructuring some independent divisions under the same roof


Japan Automakers Impacted by U.S. Port Dispute

Japanese automakers are being forced to ship some car parts to U.S. plants by expensive air cargo and tweak production processes as a protracted labor dispute at U.S. West Coast ports shows no signs of letting up. Fuji Heavy Industries Ltd's Subaru, the fastest-growing brand in the United States


Fugawi Debuts Quilted Charts

Fugawi

  Industry leading online chart service Fugawi X-Traverse, announced today that in coordination with GPSNavXTM and its app, iNavX, the availability of quilted raster charts for the navigation app’s most recent version. One of the most established marine navigation apps on the Apple iOS


Shreyas Sails Back to Black on Shipping Growth

Photo: Shreyas Shipping and Logistics

 Shreyas Shipping and Logistics rebounded to a US $3.6 million net profit in the third fiscal quarter from a net loss of about $468,000 in the same period in 2013, driven by a significant growth in the shipping activity that has helped the company become a pan-India feeder line. 


West Coast Ports Dispute and US Economy

Image by Pacific Maritime Association

 A face-off between economists on the cost of West Coast port slowdown on U.S. economy. Vital shipping ports on the West Coast are closing amid a labor dispute between shipping companies and longshoremen.  Will the shutdown lead to major losses for businesses and the U.S


Iran War Games Target Mock-up U.S. Ship

Iran's elite Revolutionary Guards staged war games in the Strait of Hormuz on Wednesday, including a gunboat attack on a model U.S. warship, in Tehran's latest display of military muscle in a Gulf shipping channel vital to world oil exports.


GOST to Unveil New Products at MSE Conference

GOST Watch HD Screenshot

GOST (Global Ocean Security Technologies),announced today that it will highlight its newest commercial maritime products at the 2015 Maritime Security East conference in Jacksonville, Florida, March 10 through 12. Designed to withstand the rigors of commercial maritime use


Harim to Expand Pan Ocean with Grain

Firm aims to hike Pan Ocean sales to over 10 trln won in 5-6 years. South Korea's Harim Group aims to grow sales at the country's largest bulk shipper Pan Ocean Co Ltd, which it plans to acquire, seven times to more than 10 trillion won ($8.97 billion) annually within five to six years.


Salvage, Wreck Removal Beset with Chronic Problems

  The basic nature of maritime casualties, salvage and wreck removal has evolved rapidly over the last few years. Ships and offshore constructions have become more technologically elaborate, and in many cases simply bigger and more complex than ever


US Navy's New Drone Named WANDA

Image: Naval Research Laboratory

 The US Navy is developing a duck-like drone, the Flimmer (Flying Swimmer), that can both fly and swim. The drone, it says, can reach operational areas more quickly by flying over the surface of the water.   In addition to both a rear-facing propeller and wings


Rejig at Pan Ocean

Image: Pan Ocean

 South Korean bulker operator Pan Ocean re-sumitted its rehabilitation plan to the South Korean court that will see discount rate of cash repayment and decision of reduction of capital.   The shipowner will see it reduce payments to creditors as it raises KRW 850bn ($785m) through a


New Ships Meet 2020 Design Standard

Image: CE Delft

 A new CE Delft study has revealed that many recently constructed ships already meet the International Maritime Organization’s (IMO) design efficiency standard for 2020, says Pan European Networks.   The study, commissioned by Brussels-based NGOs Seas at Risk and Transport &






 
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