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
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.
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
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
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.
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
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
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
Capesize rates fall in a quiet market as holidays weigh; 20 charter-free capesize ships could add to downward trend. Freight rates for large capesize dry cargo ships on key Asian routes are set to drift lower next week unless there is an uptick in chartering activity from major miners
Rates from Western Australia to China fall from six-month high. Freight rates for large capesize dry cargo ships on key Asian routes could slide next week as charterers rein in their activity following a flurry of fixtures which pushed rates from Western Australia to China to a six-month high
Worst over for Aframax market as fuel oil cargoes lift rates. Freight rates for very large crude carriers (VLCCs) could slide further before finding a floor and recovering on a rebound in chartering activity, ship brokers said on Friday.
More coal cargoes, rising oil prices could support rates. Freight rates for large capesize dry cargo ships on key Asian routes are likely to rise next week on an increase in coal cargoes and higher fuel prices, ship brokers said. That comes as Brent crude futures breached the psychologically
MidEast VLCC rates rise by more than $24,000 per day; China and Saudi Arabia fuel chartering surge. Freight rates for very large crude carriers (VLCCs), which hit a two-week high on Thursday, face an uncertain direction next week, brokers said.
Nearly 30 large oil tankers waiting to load at Basra; daily VLCC tanker rates have doubled to nearly $75,000. A traffic jam of nearly 30 large oil tankers has built up outside the Iraqi port of Basra due to loading delays, with some waiting up to three weeks and costing ship operators around $75
Flurry of cargo fixtures push Australia, Brazil rates to highest since December. Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold steady next week near four-month highs if owners continue to reactivate idle tonnage on upbeat cargo demand
MidEast VLCC rates fall nearly 30 Worldscale points this week; port congestion in Basra, China adding to market uncertainty. Freight rates for very large crude carriers (VLCCs) may drift lower next week on weaker sentiment among owners and reduced chartering demand ahead of the release of May's
Port of Portland approves 14-acre PDX Logistics Center Phase III lease with Capstone Partners The Port of Portland Commission today approved a 14-acre, 50-year lease with locally based Capstone Partners and its investment partner PCCP, LLC to develop Phase III of the PDX Logistics Center
Indonesia, Malaysia, Philippines ministers to meet in Jakarta as up to 18 Indonesians, Malaysians held captive in Philippines. Indonesia fears piracy on a busy shipping route along its maritime border with the Philippines could hit levels seen in Somalia unless security is tightened
Owners resisting charterers' attempts to push market lower; rates slip from 5-1/2-month highs. Freight rates for large capesize dry cargo ships on key Asian routes face an uncertain outlook next week with some owners resisting charterers' attempts to push hire rates down even as freight rates
Number of MidEast charter fixtures less than usual; Basra crude exports set to fall in May. Freight rates for very large crude carriers (VLCCs) will come under further pressure next week if the current sluggish chartering activity continues, ship brokers said on Friday.
The newly built tank barge, the Fight A.L.S., was delivered to Harley Marine Services on February 19, 2016. Designed by Elliott Bay Design Group (EBDG) and constructed at Vigor Fab in Portland, Ore., the 83,000 bbl tank barge joins Harley’s offshore fleet working the Gulf and East
MSC Lana Voy-JA618R made its inaugural call at Karachi International Container Terminal (KICT), marking the launch of a new Middle East Loop 1 (MEL 1) Service. To mark the event, KICT held a maiden voyage ceremony, attended by Mr Keith Lau
The Port of Hueneme launched the second phase of its Grid-Connected Shore Power System, celebrating another next step forward in reducing air emissions and minimizing environmental impact. Among the community leaders attending the ribbon cutting were Congresswoman Julia Brownley