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HIGH HOPES

NSA: Cuts Coming for Offshore

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 Shares Surge on Newbuilding Order

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.


Hyundai Heavy Wins Record Orders in Feb.

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


Wave Power Generation – US Navy Hawaiian Project

Wave power site visited by NAVFAC: Photo credit USN

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.


SIA to Honor Honeywell's Gordon Hope

Gordon Hope: Photo SIA

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


Asia Dry Bulk-Capesize Rates Mixed on Uncertainty

Capesize rates slide after hitting 5-month high. Rates for capesize bulk carriers eased this week after hitting their highest since December, and could come under pressure next week if charterers hold back cargoes, ship brokers said. "So far, I can't see too much cargo in the market. Charterers are hoping rates are going to drop again," said a Shanghai-based ship broker on Thursday. "Sentiment is not good," the broker added.


Remembering Bob Hope

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


High-Tech Hull Coating Receives NYSERDA Funding

Greenfield Manufacturing Inc., a Saratoga Springs chemical manufacturing company, has received New York State Energy Research and Development Authority (NYSERDA) funding of $183,000 to help commercialize and deploy a high-tech hull coating that can improve boat engine efficiency by reducing friction.   HullSpeed High Performance Coatings, a division of Greenfield, produces eco-friendly alternatives to current marine paints and coatings that can be environmentally harmful


UK O&G to Address Decommissioning Issues

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 Allies with Ship Management Company

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


Indonesia Gets Multipurpose Research Vessel from France

Photo: Indonesian Navy

 The Indonesian Navy has taken delivery of a French-made KRI Rigel 933 multipurpose research vessel at Jakarta International Container Terminal 2, Tanjung Priok, North Jakarta, Jakarta Post reported.   The ship was delivered from the OCEA Les Sables d'Olonne shipyard in France.


U.S., China clash over disputed South China Sea

U.S. Secretary of State John Kerry

  The United States and China clashed over a territorial dispute in the South China Sea on Saturday, as China's foreign minister asserted its sovereignty to reclaim reefs saying its determination to protect its interests is "as hard as a rock".


Hamburg’s Seaborne Cargo Throughput Up in Q1

Photo: Port of Hamburg, © Glaubitt

The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.3 percent) and container transport between the port and its hinterland at 602,000 TEU (up by 11


Antwerp Port Launches Breakbulk Application

APCS is the network of systems and solutions for electronic communication in the port of Antwerp.

  Port of Antwerp has launched breakbulk application for more efficient freight handling. Antwerp has long been the breakbulk port par excellence in Europe. This status finds expression each day anew in a flexible range of high-quality services tailored to the requirements of the customer


At Greek port, Migrants Try for Italy

Rapper Mahdi Babika Mohamed's journey to a better life in Europe started in his native Sudan and passed through Libya and Turkey before abruptly ending in a squalid abandoned factory at Greece's western port of Patras. There, the 37-year-old is one of hundreds of migrants making desperate


Australia Welcomes Japan to Join Submarine Tender

Australian sub-marine HMAS Collins. Photo credit: Royal Australian Navy

 Australian Defence Minister Kevin Andrews has requested Japan to participate in procedures to become Australia's partner in a project to jointly develop next-generation submarines.   Andrews made the request in a telephone conversation with Japanese Defence Minister Gen Nakatani who


Maersk to Pay for Release of Seized Ship?

Maersk Tigris by Maersk Line

 There have been reports that members of the crew of the cargo ship Maersk Tigris that had been detained by Iranian authorities, have been released Wednesday.   The statement was made by the Iranian Foreign Ministry’s Spokeswoman Marzieh Afkham, as quoted by AFP information agency


Buoy Tender Vessel Delivered Ahead of Time under IRClass

MV Indira Point

  IRClass (Indian Register of Shipping) has just completed the new construction survey of a high value, technologically sophisticated Buoy Tender cum multi-purpose vessel built by Cochin Shipyard Ltd (India) under single class.The new vessel MV Indira Point, 72 mts long,1350 tons DWT


High-Tech Buoy Tender Vessel Delivered

MV Indira Point (Photo courtesy of IRClass)

A newly built, technologically sophisticated buoy tender multipurpose vessel, MV Indira Point, was delivered to the Directorate General of Light Houses and Light Ships (DGLL India) in April after being completing ahead of schedule by India’s Cochin Shipyard Ltd


Philippines, Japan Coastguards Hold Antipiracy Drills

Philippine and Japanese coast guard teams staged an anti-piracy drill on Wednesday, featuring the storming of a cargo vessel after a mock hijack, in a show of maritime cooperation between the two nations amid rising tension in Asian waters.  


Indonesia to Develop Maritime ‘Technoparks’

Image by Marintec Indonesia

 The Indonesian Ministry of Maritime Affairs and Fisheries has announced plans to develop five maritime technology parks to improve fisheries-based business in Indonesia, says The Jakarta Globe.   The areas set for development — dubbed Technoparks for Maritime Affairs and


Imports Settling Down After Surge to Clear Backlog

File photo

Import cargo volume at the nation’s major retail container ports is returning to normal levels as officials prepare to count votes on ratification of a new West Coast labor agreement that ended months of uncertainty, according to the monthly Global Port Tracker report released today by the


Seminar Highlights Freight Liability in Russia

Kevin King

International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow.  Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner


US Gives Final Approval to LNG Exports from Corpus Christi

The U.S. Energy Department said on Tuesday it has given final approval for Cheniere  to export liquefied natural gas from its plant in Corpus Christi, Texas.   The approval allows the plant to export the equivalent of 2.1 billion cubic feet per day of natural gas for 20 years to


16 Receive Howe Yoon Chong PSA Scholarship

PSA Building, the PSA Groups headquarters in Singapore

16 deserving students were awarded with the Howe Yoon Chong PSA Scholarship. Mr Fock Siew Wah, Group Chairman of PSA International (PSA), presented the award certificates to the students at a ceremony held in PSA Building in Singapore today. The bond-free scholarships will pay for tuition and






 
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