The Norwegian Shipowners' Association (NSA) had high hopes of maintaining status quo while the White Paper on shipping policy was still pending. These hopes were not met in the Government's proposal for a National Budget, put forward last week, according to NSA. The net-wage scheme for ferries is to continue, but cuts are proposed for offshore vesssels. According to NSA, there are no proposals affecting the tax regime for shipowning companies or owners in the National Budget. NSA contends that Norway is still out of sync with the rest of Europe, and the maritime industry in Norway has growing expectations for this to be righted in the forthcoming White Paper, says Marianne Lie, Director General of The Norwegian Shipowners' Association. The Government announced a full evaluation of the tax system this fall. NSA calls on the Parliament to hold on to the agreement that was reached for the seafarers three months ago. It is clearly a need to determine a long-term policy for seafarers in connection with the ongoing development of a White Paper on shipping policy, which is due in the spring 2004, says Lie. In relation to economic support for using Norwegian seafarers, NSA was hoping the Government would continue supporting this in the Budget. However, according to NSA, the Government proposes to abolish the net wage system for seafarers on shuttle tankers and offshore vessels that was introduced on 1 July 2003, and instead introduce a 19 percent refund scheme
Jurong Shipyard shares reportedly surged more than eight percent, or Singapore $0.60, to a year high of S$8.10 morning on hopes that the yard had won a multi-million dollar new building order.
The Security Industry Association (SIA) says it has chosen Gordon Hope, general manager of Honeywell's AlarmNet communications network, as the 2014 recipient of the George R. Lippert Memorial Award. Hope, who celebrates 25 years with Honeywell this year, joined the company in 1989 when it was Ademco. He began in marketing, with responsibilities including the control panel family. Over time, he added responsibilities, ultimately becoming director of marketing and then vice president of
Hyundai Heavy Industries has set a new record in the global shipbuilding history by winning $5.7b in orders in February, the highest figure ever for a single month. The Korean shipbuilding giant said Sunday that it won $5.7 billion in orders for 25 ships last month, including a $1.6 billion contract with the French energy corporation Total for a floating production, storage and offloading vessel (FPSO). The February orders also include a deal for a $660 million deep-sea oil and gas
Navy eyes Kaneohe wave power testing expansion The Navy hopes to expand its testing for ocean wave energy power generation in Hawaii, having been testing an energy buoy in about 100 feet of water off Marine Corps Base Hawaii in Kaneohe Bay for about 10 years. The Navy now hopes to put two more buoys in water more than 200 feet deep, and the greater depth will allow it to test larger devices closer to the size it needed to generate energy for customers.
The Department of Defense issued a statement memorializing Bob Hope, the legendary comic who was well known for entertaining many audiences laugh and for entertaining troops through the ages. Today, we mourn the loss of a true American patriot. The first and only American ever to be made an honorary Veteran of America s Armed Forces, Bob Hope holds a special place in the national security pantheon. He called the troops his "best
The UK oil and gas industry will be looking for a firm step towards resolving the fiscal uncertainty surrounding North Sea decommissioning when Chancellor George Osborne delivers his 2012 Budget on March 21, according to business advisory firm Deloitte. Over the next decade, the UK Continental Shelf (UKCS) can expect to see a number of fields and installations cease production and commence decommissioning, potentially leading to the loss of critical infrastructure.
According to reports, South Korean shares finished higher on Thursday, with late buying of shipbuilding and technology counters helping the key index close in positive territory. Trading was listless for most of the session as investors found little direction from Wall Street's mixed close overnight. Weak trade data released by the Bank of Korea triggered fears that growth momentum could slow and prices shoot up. The central bank said the country had a merchandise trade deficit of 1
As part of a three day Royal tour of Gibraltar in June, HRH The Prince Edward, Earl of Wessex set time aside to inspect work under way at Gibdock, the territory’s strategically located repair and conversion yard. Accompanied by Gibraltar Governor, Sir Adrian Johns and Gibraltar Chief Minister, Fabian Picardo, the Earl was welcomed by the Minister for the Port, Neil Costa, Gibdock Chief Executive, Joe Corvelli, Commercial Director, Richard Beards, Finance Director, Paul Singleton
Bay Ferries Ltd. announced on June 30 that the Princess of Acadia will make its final three-hour trip between Digby and Saint John, N.B., on Oct. 31.High fuel prices and declining tourist and commercial traffic were among factors in the decision, the company said in a news release. Local government officials are working together to find a way to maintain the area’s ferry service. Many officials are expected to travel to Halifax for talks with cabinet ministers and, possibly, the premier
Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading
The Inauguration of the Expansion of Pier III of COSCO Piraeus Container Terminal(PCT) was held yesterday. Premier Li Keqiang of China sent a congratulatory message, which was read by Mr. Zou Xiaoli, Chinese Ambassador to Greece during the ceremony
The Crisis in Global Maritime Casualty Response – Now Is the Time To Act – An industry Forum Designed to Promote Change An industry forum aimed at producing a practical response to the current crises in maritime casualty management was officially launched in Singapore today
Will Malaysia’s chairmanship of Asean spur the establishment of a long-delayed maritime Code of Conduct (CoC), aimed at resolving territorial disputes between China and neighboring countries in the South China Sea? A report appeared in New Strait Times in Singapore says that the
In a fresh bid to make India an enduring strategic partner, U.S. President Barack Obama lands in New Delhi on Sunday for a highly symbolic parade and to nurture friendship with a prime minister who until last year was persona non grata in Washington.
Brent crude was buoyed on Friday by market uncertainty over the future of Saudi oil output, while U.S. crude fell on more signs of oversupply. Saudi Arabia's new king, Salman, who took the throne on Friday morning after the death of his brother Abdullah
Petrobras develops a new technology that reduces the emission of gases that cause greenhouse A new technology to reduce the emission of greenhouse gases (GHG) is developing a demonstration scale in Shale Industrialization Unit (SIX) in Paraná
After concluding two 3,500HP tug sales on December 30, Marcon International Inc. has started 2015 with three ocean barge sales, and hopes to report on several additional sales before the end of this month. Five 4,500-6,000HP tugs, one 5,150BHP AHTS and two 3,200 – 5
Hoegh Osaka was held secure by tugs as winds in the Solent reached 60 knots last night, the U.K. Maritime and Coastguard Agency (MCA) reported. MCA said salvors are working to adjust the ballast system aboard the car carrier vessel and hope to begin pumping water from the car decks within
The American Salvage Association’s (ASA) Education Committee Fundraiser will be hosted by TITAN Salvage on Thursday, January 22, at the Houston Maritime Museum. All proceeds from the event will support ASA Education Committee scholarships and science fair prizes.
Data showing the heating of Earth in 2104 to the highest level on record will do little to stop Republicans in the U.S. Congress from fighting President Barack Obama's use of executive powers to slow climate change. Republicans, who won control of the Senate in November's elections
The Windsor Port is key area in the planned $7-billion worth of investments to transform Canada’s most important transportation and trade networks, the Great Lakes-St. Lawrence Seaway. Approx $60 million has been spent in Windsor to improve infrastructure the last five years.
BHM Penlaw and Tactique Ltd have now joined forces to support their clients in exploiting an alternative sea route which reduces sailing distance by 4,300 nm and 10 days on transits between Europe and Asia. The Northern Sea Route, also known as the NSR, or Northeast Passage
The U.K. Coastguard was notified of a fishing vessel in distress just before 11 a.m. this morning. The Iuda Naofa, a 23-meter Irish fishing vessel, was taking on water 48 miles north of the Butt of Lewis, the U.K Maritime and Coastguard Agency reported.
Ottawa government has announced a multimillion-dollar investment for the Port of Montreal, meant to facilitate exports following a new trade deal with Europe. The Port will receive a $132-million makeover in anticipation of an increase in exports. Ottawa will contribute $43