Ports America Chesapeake has signed a 50-year lease at Seagirt Marine Terminal that is estimated to create 5,700 jobs. McKenna Long & Aldridge LLP (MLA) partner Keith Mason, and Stephen Goldsmith, former Indianapolis Mayor, and an independent consultant to the firm, served as strategic advisors to the team in supporting this public-private partnership (P3). The project is valued at $1.3b to the State of Maryland over the life of the agreement and is predicted to impact over 16,000 jobs across Maryland. Keith Mason, Chair of MLA's Ports practice and former Chairman of the Georgia Ports Authority, noted that, "Identifying the additional economic value of the partnership for the public was one of the key factors that made our highly qualified bid group the right choice for Maryland." (www.mckennalong.com)
Kvichak Marine Industries, Inc. announces the opening of its East Coast Support Office with the appointment of Carl F. Wegener as Regional Manager. Wegener was formally the Sales & Marketing Manager at Austal USA in Mobile, AL. Keith Whittemore of Kvichak comments, “With the success of Kvichak’s business over the last few years in the Gulf, Great Lakes and Eastern Seaboard, it only makes sense to have a support office in the East to represent and support our projects and Carl Wegener was
Marine industry expert Marcus Jones has joined the Institute of Marine Engineering, Science and Technology (IMarEST) as its first Chief Operating Officer, working closely with Chief Executive, Keith Read CBE. “With the interests of 15,000 members in over a hundred countries and 49 branches globally to look after, coupled with the challenges and opportunities facing the maritime community, I am delighted that our team has been strengthened by the arrival of Marcus Jones,” explains Keith Read
Two of Mexico's key oil export ports were shut down on Wednesday as tropical depression Keith whipped up winds and waves in the Gulf of Mexico, though the effects on oil production were not immediately known, authorities said. The port of Dos Bocas in southeastern Tabasco state was closed as winds blew from 21 and 27 miles per hour and seas swelled at between eight and 10 ft., said the transport ministry in a statement.
Rt Hon Sir Lockwood Smith appointed New Zealand's first Permanent Representative at the International Maritime Organization (IMO). Sir Lockwood, New Zealand High Commissioner to the United Kingdom, recently presented his credentials to the IMO’s Secretary-General, Koji Sekimizu. The Director of Maritime New Zealand, Keith Manch, also participated in the first-ever Symposium on the 'Future of Ship Safety', held at IMO headquarters in London.
Tidewater has noted that its executive vice president and CFO, Ken C. Tamblyn, will retire on August 31. Following a 20-year career as a partner with the accounting firm KPMG, Tamblyn joined the company as CFO in 1986. J. Keith Lousteau, Tidewater's senior vice president and treasurer was appointed Tamblyn's successor. A 23-year veteran of the company, Lousteau will assume the position of CFO. Tidewater also promoted Joseph M
On the heels of its 125th anniversary, Webb Institute has launched a fundraising effort seeking to raise $40 million to enhance the college’s programs, infrastructure and financial resources to meet the growing challenges of an expanding marine industry, the college announced today. The initiative, entitled "Campaign for Webb: America’s Most Unique College," sets forth the most ambitious fundraising endeavor in the institution’s history
LNG America announced it has entered an agreement with Buffalo Marine Service, Inc. (Buffalo Marine) to cooperate on the design of an LNG bunker fuel network for the U. S. Gulf Coast region. LNG America is developing a hub-and-spoke delivery system for LNG as fuel for the marine market and other high horsepower applications. Ultimately, LNG America will establish delivery infrastructure for the delivery of LNG as fuel in major U.S. ports
Eastern Shipbuilding Launches OSV San Rafael, a 204 x 44 x 16 ft. OSV was recently launched by Eastern Shipbuilding Group. The vessel is being constructed for Naviera Tamaulipas, S.A. de C.V. of Tampico, Mexico, for operations in the Bahia de Campeche fields off Eastern Mexico. Capacities include 110,000 gallons of fuel, 211,000 gallons of drill water/ballast, 7,200 cu. ft. of bulk mud in six tanks, and 3,012 barrels of liquid mud.
Vigor Fab has been awarded a contract to build two 83,000 bbl. tank barges for Harley Marine Services, Inc. The 422’x 76’ x 27’ tank barges, designed by Elliott Bay Design Group to be part of articulated tug and barge configurations, will be among the largest vessels constructed for Harley Marine’s fleet. Construction will begin this month at Vigor’s 60-acre shipyard in Portland, Ore
KEP Marine releases today the innovative network video recording system and new HD cameras. The plug-and-play KVNR-8001 network video recording system is simple to install with easy to use commands and remote operating capability. Offering high definition footage recorded at 30 frames
Weak holiday demand to pressure rates lower. Rebound seen after China returns to market on Oct 8. Freight rates for capesize bulk carriers could come under pressure next week as lower cargo volumes due to holidays in China thwart shipowners efforts to push rates higher, ship brokers said.
Daiichi Chuo liabilities total $1.5 bln. Second dry bulker to seek bankruptcy protection this month. Japanese bulk carrier Daiichi Chuo Kisen Kaisha said on Tuesday it had filed for protection from creditors - the second shipper to do so this month - with analysts predicting more failures if
Employees of the Institute of Sea Research spotted 17 species of blue whales in the Barents Sea in the area of Svalbard. Animals returned to the region after a century of absence. On these meetings the giant cetaceans reported this summer, coast guard ships, and even cruise ships
The Royal Australian Air Force has confirmed that aircraft wreckage found in waters south of Cairns is that of RAAF Number 11 Squadron Catalina A24-25 that crashed on 28 February 1943, killing all 11 personnel on board. Chief of Air Force, Air Marshal Leo Davies AO, CSC
Mideast-Japan VLCC rates climb by $46,000 per day since Aug 26. Freight rates for very large crude carriers (VLCCs), which reached a seven-week high this week, are set to climb higher on buoyant cargo volumes and tighter tonnage, brokers said.
Shipowners confident rates will climb on tighter tonnage supply; Shipowners seek rates premium for Australian coal cargoes. Freight rates for capesize bulk carriers could continue to recover as ship owners scent the possibility of higher cargo volumes on tighter tonnage supply, ship brokers said
The keel laying ceremony of “Seabourn Encore”, the first of two ultra-luxury cruise ships that Fincantieri will build for Seabourn, brand of Carnival Corporation, was held today at the Marghera shipyard. The ceremony was attended, among others, by Mr Keith Taylor
A U.S. appeals court said BP Plc, which in July reached a $18.7 billion settlement of federal, state and local claims over the 2010 Gulf of Mexico oil spill, must face one of two proposed class-action lawsuits claiming that the oil company defrauded shareholders over the disaster.
VLCC market to be "hot" in Q4 -VLCC broker. Freight rates for very large crude carriers (VLCCs) face a roller-coaster ride on uncertain cargo volumes and vessel supply ahead of a fourth-quarter boom, brokers said. Charter rates, which have rebounded sharply
Oil rose more than 3 percent on Tuesday as oversold conditions brought some buyers back to the market, but a lingering supply glut and worries about the slowing economy in top commodities consumer China kept crude prices near 6-1/2-year lows.
Tonnage list grows in Pacific, Atlantic oceans; lack of coal cargoes weigh on freight rates. Freight rates for capesize bulk carriers are set to slide further next week, after falling to their lowest level in five weeks, due to a mounting supply of tonnage and uncertain cargo demand
Global maritime group Mercmarine has unveiled a new state-of-the-art engine room simulator at its training base in Sri Lanka. Hailed the most advanced simulator of its type in the country, the Transas 5000 TechSim marine engine room simulator was officially opened by Ministry of Ports and
Low bunker prices buoy owners' spot charter earnings. Freight rates for very large crude carriers (VLCCs), which have fallen to their lowest level in 10 months, are set to slide further next week as the volume of available tonnage outpaces cargo demand.
Contract workers at an Indian port in the commercial capital Mumbai have called off their nearly a week-long strike that backed up more than 25,000 containers of commodities such as sugar, pulses and rapeseed meal. Loading and unloading ground to a halt due to the strike called by contract