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.
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
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
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
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 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
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.
By Henning Gloystein, Reuters Ukrainian plans for expanding Black Sea natural gas output have been thrown into doubt by Russia's seizure of Crimea, a region linked to most of Ukraine's offshore developments. Past price disputes between Russia and Ukraine have led to the Russians cutting off
By Peter Polack, Reuters Twenty-four Cubans were rescued from a rickety wooden boat by a passing cruise liner which took them to the Cayman Islands, ship owner Carnival Corp said, as growing numbers of migrants try to sail to Central America and eventually reach the United States.
Trelleborg’s engineered products operation has completed its first oil and gas floatover project in China, supplying a range of its floatover hardware for the BoZhong (BZ) 35-2 COEEC offshore platform in Tianjin. Designed and fabricated by China Offshore Oil Engineering Company (COOEC)
Australia's Victoria state government said it may sell Port of Melbourne, the country's largest container and general cargo port, continuing a rush by states to sell major assets to fund new infrastructure projects. Victorian Treasurer Michael O'Brien said the government will commission a
Putin orders troops in military exercise back to base. U.S., EU warn Russia could face sanctions over Crimea; U.S. crude inventory likely rose 1 mln bbls last week. Oil fell more than $1 on Tuesday to below $110 a barrel after President Vladimir Putin recalled troops to base from military
Formerly financially troubled FSL Trust Management (FSL Trust) says in its latest FY 2013 report that it has successfully secured a loan covenant relaxation until 31 December 2014, which they hope will enable them to move forward.
Fairmount Marine said it has safely delivered rig ENSCO 5002 in Singapore. The rig was towed from Rio de Janeiro, Brazil, via Cape Good Hope, by tug Fairmount Expedition. ENSCO 5002 is a 1975 built 70 meters long and 61 meters wide semisubmersible drilling rig
By Ayesha Rascoe, Reuters The Obama administration on Thursday laid out a framework for assessing the amount of crude off the Atlantic coast, another step toward possibly allowing oil production in an area that has been out of reach for decades.
As appears in the February edition of Marine News Now clear of the holidays and into an already exciting 2014 on the waterfront, we find ourselves plowing ahead with the proverbial bone in our teeth. That’s because, beyond my questionable nautical metaphor
South Shields based Solar Solve Marine received an order from Korea for four ship-sets of its SOLASAFE roller sunscreens. The screens are to be installed at the navigation bridge windows of four very large container carriers currently under construction at Daewoo’s DSME Okpo shipyard on
(Reuters) - Mexico's state-run oil giant Pemex said on Tuesday it is selling crude to Japan for the first time in 11 years, opening another Asian market as an export destination as the company seeks to diversify away from the United States.
By Timothy Gardner, Reuters Excelerate Energy LP said on Monday it has filed a formal application with the Federal Energy Regulatory Commission to build and operate the first U.S. floating liquefied natural gas export facility. The privately-held company hopes the facility
Ghana's Chief of Naval Staff, Rear Admiral GW Biekro, is convening a conference of senior international Admirals and naval experts to find solutions to further providing security in the Gulf of Guinea. Attending, the Coastal and Maritime Surveillance Africa (CAMSA) summit March 17-20 in Accra
Green Award for inland shipping said it achieved a milestone on February 17, 2014 when it handed over its 500th nr certificate. Robert Baack, COO of IMPERIAL Shipping Holding GmbH, received the Green Award certificate nr 500 during a festive ceremony on board of the DB Haniel 14 in Duisburg
Many of Europe’s marine species, habitats and ecosystems have been under threat for decades. As maritime economic activities are predicted to increase in coming years, a new briefing from the European Environment Agency (EEA) argues that the cumulative impact of human activity should be