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MarineCFO Unveils Commercial Release of MarineCFO

MarineCFO Inc., a provider of marine transportation solutions announced the commercial release of MarineCFO for the marine transportation industry. MarineCFO, Inc. offers industry leading solutions to the global Marine Transportation Industry. Built upon the UA Financial Management and Business Framework Software Platform, MarineCFO boasts the benefits from the expertise and experience gained in over 6,000 customer installations worldwide in most major industries.


Swift Appointed Foundation GM

Captain Peter J. Swift has been appointed as the General Manager of the Maritime Industry Foundation. He takes up his new position with effect from June 2007. Before joining the Maritime Industry Foundation, Captain Swift spent forty eight years in the maritime industry. Twenty of those years were at sea, with command experience on LNG carriers, OBOs and aframax tankers. Shore experience included marine operations and technical management positions with P & O Bulk Shipping Division


Ship Demand to Reach 31 Million DWT between 2006-2010

According to Research and Markets, which provides an in-depth study on supply-demand, competitive pattern and latest market changes in Chinas shipbuilding industry, as well as presents and analyzes the development and operating strategies, competitiveness and the prospect of major manufacturers in details, from 2006 to 2010, the total demand of ships will reach 31 million DWT, and the annual demand will be 6.2 million DWT on average


Pakistan President Approves Strengthening Shipbuilding Industry

Pakistan President President General Pervez Musharraf said shipbuilding industry can become the country’s great asset due to its potential and would contribute to the uplift of national economy.The President was chairing a meeting of Karachi Shipyard and Engineering Works (KSEW) to review the shipbuilding industry, which was also attended by Prime Minister Shaukat Aziz. Vice Admiral Iftikhar Rao, Managing Director KSEW in his presentation informed President Musharraf that shipbuilding is


Kronodoc Oy Introduces Software Version for Marine Industry

Kronodoc Oy introduces a new software version, Kronodoc Marine. The new version is suitable for Marine Industry clients to manage their content, execute program and project management around the world. Kronodoc generates process analysis and reports in a distributed collaborative environment. The new software version adds a wide range of new functionality: Project Email Tracking Powerful Information Search Process Management, System Application Integration (Ex: CAD Viewer, CADRef)


Korea's Shipbuilding Industry Update

According to English.chosun.com, Korea's southern island Geoje has a 400-hectare plot where 26,000 shipbuilders are hard at work. The shipyard owned by Daewoo Shipbuilding and Marine Engineering places among the top five along with Hyundai Heavy Industries and Samsung Heavy Industries. Korea's shipbuilding industry, keeps on growing. This year's ship exports are expected to exceed US$30 billion, up 13 percent from last year.


Expansion Continues at the Australian Marine Complex

The expansion of Western Australia’s shipbuilding capabilities is set to continue with the construction of two crucial common-use facilities at the Australian Marine Complex ( AMC ) at Henderson. The State Government has today called for expressions of interest to build a service and repair facility for the local super-yacht industry and a blast and paint facility at the AMC. Industry and Enterprise Minister Francis Logan said the State Government was committed to ensuring the


Japanese Shipyard Expected To Integrate

Three Japanese shipbuilders are expected by the end of the week to sign an agreement to integrate their operations, Reuters reported. According to the report, Kawasaki Heavy Industries Ltd., Ishikawajima-Harima Heavy Industries Co., (IHI) and Mitsui Engineering & Shipbuilding Co Ltd. are set to integrate operations in the general commercial vessel market. The combined annual revenue of the their ship businesses in fiscal 1999 totaled 308.5 billion yen, surpassing the 268


Dow Named VP of Public Affairs for Carnival

Tom Dow, a 28-year travel industry veteran, has been named vice president - public affairs for Miami-based Carnival Corporation & plc. In this newly created position, Dow serves as Carnival Corporation & plc's liaison to federal and state governments and local communities in North America. He also serves as Carnival Corporation & plc's representative for industry organizations such as the International Council of Cruise Lines


Cooper Industries Buys S. Korean Supplier

Cooper Industries, Ltd., Houston, TX, has acquired Hyundai Explosion-Proof Electric Company, a South Korea-based manufacturer of explosion-proof electrical equipment. HEPEC specializes in explosion-proof Glass Reinforced Plastic lighting, control panels and switchgear and its products are complementary to the current Cooper Crouse-Hinds product offerings. The acquisition provides Cooper with increased access to the South Korean market


Barge Master Wins Innovation Award at OTC

Photo: Barge Master

The Barge Master T40 motion compensated knuckle boom crane has been recognized for technological innovation, winning the Spotlight on New Technology Small Business Award at this year’s Offshore Technology Conference (OTC) in Houston.  


American Waterways Operators Elects Chairman

Jim Farley, Corporate Vice President - Industry Relations, Kirby Corporation, is named Chairman of the Board of the American Waterways Operators, the national tugboat, towboat and barge industry association. (Photo: American Waterways Operators)

The members of the American Waterways Operators, the national trade association representing the tugboat, towboat and barge industry, elected a new slate of leaders during AWO's Spring Convention held recently in Washington, D.C.   James F


Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said on Tuesday.   Attacks in the Gulf of Guinea - a significant source of oil


Wind-powered Oil Recovery Project Green-lighted

Image: DNV GL

The DNV GL-led WIN WIN Joint Industry Project (JIP), which melds offshore wind with offshore oil and gas, shows that for suitable fields,finds that  wind-powered water injection is technically feasible, capable of meeting performance targets and offers a cost-competitive alternative to


New Shipping Firm Sets up in Vancouver

A new shipping company has established itself in Vancouver as the Vancouver International Maritime Centre (VIMC) completes its Asia tour, launching in Tokyo, Singapore and Hong Kong.   Greystoke Marine Management Ltd. is the latest company to choose Vancouver for its base of operations


Ocean Economy Set to Double in Size by 2030

Image: Organisation for Economic Co-operation and Development (OECD)

 The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010.   "Calculations based on the OECD’s Ocean Economy Database value the ocean economy’s output (measured in terms of the


Panama Canal Dismisses ITF Claims

Image:  Brazil’s Fundação Homem de Mar (FHM)

 The Panama Canal has dismisses claims by the International Transport Workers’ Federation (ITF) that questions industry standards and the operation of the Expanded Panama Canal’s new locks.   Claims made by ITF that new locks built for the Panama Canal expansion will be


Shipping Industry Flying On The Dragon’s Back

Graph: Clarksons Research

 As the many Greek players in the shipping industry know well, the legend of Icarus tells us the dangers of flying too high. Merchant vessel earnings eventually found their 2008 heights just as unsustainable, even as some talked of a “new paradigm”.  


Lerwick Harbor sees Seasonal Boost

Offshore vessels Bibby Polaris and Viking Neptun at Greenhead Base, currently supporting projects West of Shetland. Photo by Alexander Simpson

The opening of the offshore season in northern waters has seen specialist oil industry vessels return to Lerwick Harbor during April to support subsea development projects. This month has also brought the first cruise ship of the year to the Shetland port for what promises to be a record-breaking


Turkish LPD Comes into Effect

DHA Photo

 Turkey has launched the building phase of its amphibious landing platform dock (LPD) warship for the Turkish Naval Forces with a ceremony on April 30, says Hurriyet.   Last year, the Turkish government announced it signed a nearly $ 1 billion deal with a local shipyard to produce the


DNS Appoints Esson, Chief Executive

Roger Esso Photo DNS

Decom North Sea (DNS), the representative body for the offshore decommissioning industry, which promotes and facilitates collaboration and cost reduction, today appointed a new chief executive.   Roger Esson brings over 20 years’ highly relevant experience as DNS continues to play a


Cyberhawk Sinks Claws into US O&G Market

Courtesy Cyberhawk

Cyberhawk Innovations, the world leader in aerial inspection and survey using Unmanned Aerial Vehicles (UAV), is set to boost its international credentials with the launch of a Houston office in the USA.   The new office comes as a result of increasing demand from existing oil and gas


SPE Aberdeen Awards Students Bursaries

2016 SPE student bursary winners Photo SPE

The Society of Petroleum Engineers (SPE) Aberdeen Section has announced the recipients of its annual student bursaries programme for 2015-2016.   In total, £7,500 was awarded to seven students attending Aberdeen, Robert Gordon, Dundee, Heriot-Watt and Strathclyde universities


Northwest Seaport Alliance Joins Green Marine

Photo: Northwest Seaport Alliance

 The Northwest Seaport Alliance has signed on to participate in Green Marine, North America’s largest voluntary environmental certification program for the maritime industry.    Green Marine encourages its participants—ship owners


TOTE LNG Bunker Barge : Crew Training Program

GTT subsidiaries, GTT North America, Inc. and GTT Training Ltd, announce the award of the first contract of its kind for the development and implementation of a comprehensive LNG (Liquefied Natural Gas) training program for the 2,200 m3 LNG Bunker Barge currently under construction at Conrad






 
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