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.
Drydocks World announced that an Alliance Agreement has been signed with EXMAR Shipmanagement Drydocks World, whose business is in ship repair, conversion and new building, has announced that it has signed an Alliance Agreement with EXMAR Shipmanagement, a company that offers high-end ship management services to the maritime industry. The two companies hope to strengthen their relationship on the basis of the new Alliance Agreement
The U.S. Coast Guard has extended the deadline for the M/V LeConte to resolve crewing issues until April 4, which will allow the ship to continue serving the outlying villages of the northern Panhandle during the popular Gold Medal basketball tournament. The Coast Guard had issued an “835 directive” to the LeConte to not allow any crewmember to work longer than 12 hours in a 24-hour period. The LeConte was previously given until March 31 to comply.
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
More than 250 shipping and insurance professionals gathered for the first ever Asian Maritime Casualty Forum held during Singapore Maritime Week. The two-day conference, hosted by global marine and engineering consultancy London Offshore Consultants (LOC)
Philippine Vice President Jejomar Binay, considered a front-runner for the presidency in 2016, said on Thursday he would welcome a joint venture with China to explore for oil and gas in disputed areas of the South China Sea. Binay's stance is in contrast to President Benigno Aquino
Abu Dhabi National Oil Company (ADNOC) plans to invest around US$25bn over the next five years in a bid to boost oil production from offshore fields. The investment is part of the UAE's strategy to increase its crude oil output potential from its current production of 2
U.S. House of Representatives Speaker John Boehner said on Wednesday that sending U.S. warships into waters off Yemen was the "right thing to do," adding that he hoped their involvement there was not needed. U.S. officials have said the ships were sent to conduct maritime security
South Korea said on Wednesday it will raise the Sewol ferry that sank a year ago, killing more than 300 people, most of them children, yielding to pressure from mourning families who have called for a deeper investigation into the disaster.
South Korea has approved plans to salvage a sunken ferry that capsized last year in the Yellow Sea killing over 300 people, Public Safety and Security Minister Park In-yong said. Last April's disaster happened off the southern coast of Jindo, South Jeolla Province
More than 700 migrants are feared to have drowned 'like rats in cages' on a smuggler boat because they were locked in the hold when it capsized off the Libyan and sank in the Mediterranean sea. The African migrants, who are thought to have included women and children
Reacting to recent declaration of the Group of Seven (G7) major nations' Foreign Ministers on maritime , China said “the situation of this region is generally stable, and relevant cooperation has been moved forward with positive results.”
The Meyer family, operating the shipbuilding company Meyer Werft in Germany, and the Finnish State acquired Turku shipyard from STX Europe in September 2014. Meyer Werft took up 70 percent of the shares, and the State of Finland purchased 30 percent of the share capital through the Finnish
The unknown foreign vessel the Swedish Navy searched for near Stockholm last autumn was actually a “workboat,” Sweden's Armed Forces have now said. The story of the suspected submarine spotted in the Stockholm archipelago a week after Sweden's extensive hunt for Russian
The United States and Indonesia held naval exercises near the Natuna Archipelago in the East China Sea, near target China, and the Government in Jakarta hopes that in this region will be constantly carried out military maneuvers, says a Reuters report.
The first of three Arctic Class tugs being built at the Foss Rainier, Ore. Shipyard was christened Thursday, April 9, at the Foss Waterway Seaport in Tacoma, Wash. The vessel, the Michele Foss, will see its first assignment on an oil field sealift this summer from South Korea to the Alaskan Arctic
Iranian Navy Commander Rear Admiral Habibollah Sayyari says the Islamic Republic will soon launch a new domestically-manufactured submarine. "The Navy's new submarine will be launched soon," Iran's state-run news agency quoted Rear Admiral Sayyari as saying
Six Greenpeace activists opposed to offshore drilling in the Arctic have abandoned a Seattle-bound drill rig they boarded in the Pacific Ocean six days ago. Rough seas prompted the decision, Greenpeace said. The protesters rappelled off the an oil rig leased by Royal Dutch
To take advantage of the global increase in on-board touring holidays, the Firth of Forth is planning a new cruise ship terminal. Developers hope to secure permission for the first purpose-built terminal on the Scottish mainland at site of the decommissioned Cockenzie power station