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
On Saturday June 18, Webb Institute awarded 19 Bachelor of Science degrees at its 120th Commencement Ceremony. Each graduating student received a dual degree in Naval Architecture and Marine Engineering. Webb’s commencement ceremony, opened with the singing of the National Anthem by the WooFs (Webb Family Singers), and included inspirational remarks from the ceremony’s principal speaker, Donald T
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
Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The development comes as global container lines struggle in
Oil prices jumped as much as 6 percent on Wednesday after OPEC sources said the group has reached a deal to limit crude output at its policy meeting in November, a source for the producer group said. Brent crude was up $2.76, or 6 percent, at $48.73 a barrel by 2:28 p.m
Owners face difficulty raising rates due to discounted ships. Freight rates for very large crude carriers (VLCCs) are likely to remain under pressure next week as charterers drip-feed cargo in the face of surplus tonnage, shipbrokers said.
VLCC rates from MidEast have reached a floor at W33; surging Suezmax rates could make VLCCs more attractive. Freight rates for very large crude carriers (VLCCs) are set to climb next week as charterers ramp up tanker fixing activity from the Middle East while increased oil volumes from West
A European Union naval force deployed in the Mediterranean should turn back migrant boats after they leave Libya and prevent them from reaching Italy, British Foreign Minister Boris Johnson said on Thursday. Italy is on the frontline of Europe's migrant crisis, taking in more than 400
Holidays in Asia likely to dampen chartering activity; Outlook still "slightly positive" for fourth quarter. Freight rates for large capesize dry cargo ships on key Asian routes could hold steady around current levels next week in a quiet market, ship brokers said on Thursday.
Vigor expanded its growing portfolio of international sales with the delivery of two, 19m all-weather pilot boats to The Port of Duqm Company (PDC), SAOC, Sultanate of Oman. The Port has been undergoing a major multiphase expansion and the new pilot boats will play a key role in ensuring the
Three bulk carriers sold charter-free at about market rates. Two Hanjin container ships also up for sale. Three ships chartered to Hanjin Shipping Co Ltd have been sold and two more vessels are up for sale, ship brokers said on Wednesday, kicking off an asset sale sparked by the failure of the
Vigor will unveil its new 142’ Freezer Longliner designed specifically for North Pacific fishing at this year's Pacific Marine Expo in Seattle, Wash. Based on an existing design by Marco Marine, the 142’ x 33.6’ x 14’ vessel has a fish hold capacity of 14
Of 98 container ships, 44 blocked from ports. U.S. firms take legal action over unpaid bills. Roughly half of Hanjin Shipping Co Ltd's container vessels have been blocked from ports since the South Korean firm's collapse, putting manufacturers and their customers increasingly on edge about the
Daily VLCC earnings fall to around $10,000; vessel deliveries, shorter voyages weigh on rates. Freight rates for very large crude carriers (VLCCs), which fell to multi-year lows on Thursday, are likely to hold steady around current levels as ship owners resist charterers' attempt to push
Vigor recently delivered an 88’ x 25’ x 14’ fireboat to the San Francisco Fire Department. The yet to be named vessel is the first fireboat to join San Francisco’s fleet in 61 years. Designed by Jensen Maritime and built at Vigor’s Seattle shipyard
Alaska Gasline Development Corp. President Keith Meyer says the Big 3 oil companies are cooperating with the state’s desire to take full ownership of the AK LNG Project. He laid out an ambitious list of “to-dos” the state needs to check off if it is going to lead
The Hong Kong Shipowners Association (HKSOA) on Thursday called on the city's authorities to provide assistance to the crew of a Hong Kong-flagged coal ship off the east coast of Australia that is running out of food and fuel. Local Australian media and Great Britain's Guardian newspaper
Charterers splitting VLCC cargoes into smaller Suezmax tankers; rates to remain around $24,000 per day, below break-even levels. Freight rates for very large crude carriers (VLCCs) on main routes to Asia are set to hold around current levels next week