According to a report from Reuters, Seoul shares edged up in volatile trade on March 8 lifted by shipbuilders and financials, but memory chip manufacturers like Samsung Electronics (005930.KS) and steelmakers underperformed. (Source: Reuters)
Aker Yards has signed a contract with Island Offshore VIII KS, a company within the Island Offshore Group in Ulsteinvik, Norway, to deliver a UT 755 LN platform supply vessel. The value of the contract is approximately NOK 150 million. This is the 18th contract between the shipowner, Island Offshore in Ulsteinvik and Aker Yards. The hull for the platform supply vessel will be built in Romania and the vessel will be outfitted in Brevik. Delivery is scheduled for primo November 2007.
P/R International Offshore Services ANS (IOS), which is a 50/50 joint venture between Farstad Shipping ASA and P & O Australia has entered into an agreement to purchase a platform supply vessel, design UT 755L, from Consensus Foss KS (Det Nordenfjeldske Dampskipsselskap). The vessel is under construction at Aker Brattvaag. IOS will formally take over the vessel immediately after delivery from the yard in December 2002
The first of five specialist subsea application seminars organized by Kongsberg Maritime’s subsea department starts February 28, 2013 in Copenhagen, Denmark. The free one-day seminars have been developed to enable users of Kongsberg Maritime hydroacoustic systems to speak with the experts and learn how to get the most from these state-of-the art tools. Kongsberg Maritime invites existing customers and those interested in utilizing its survey
K-Sea Transportation Partners has acquired the 140,000 barrel capacity double-hulled barge S/R New York and the 8,000 horsepower tugboat S/R Everett. This integrated tug barge unit, built in 2000, had been leased by SeaRiver Maritime, Inc., a subsidiary of Exxon Mobil Corporation, from a financial institution. The purchase price of $34 million was financed using available cash and $25 million in borrowings under a new term loan
K-Sea Transportation Partners L.P. has completed the acquisition of Smith Maritime, Ltd. of Honolulu, Hawaii and Sirius Maritime, LLC of Seattle, Wash. President and CEO Timothy J. Casey said: “We are very excited about welcoming the Smith and Sirius operating teams to K-Sea. This acquisition immediately increases our barrel-carrying capacity by 770,000 barrels, or 22% of our capacity of 3.5 million barrels at June 30, 2007
(East Brunswick, NJ) K-Sea Transportation Partners L.P. announced today that it has successfully completed the ABS HSQE certification process for all of its locations and operating divisions. K-Sea is the first U.S. flag tug and barge operator to achieve ABS HSQE certification, according to ABS. The company's management system meets the standards of the ISM Code, ISO 9001, ISO 14001 and OHSAS 18001. In addition, K-Sea continues to maintain its AWO Responsible Carrier Program certification
K-Sea Transportation Partners L.P. has acquired the 140,000 barrel capacity double-hulled barge S/R New York and the 8,000 horsepower tugboat S/R Everett. This integrated tug barge unit, built in 2000, had been leased by SeaRiver Maritime, Inc., a subsidiary of Exxon Mobil Corporation, from a financial institution. The purchase price of $34 million was financed using available cash and $25 million in borrowings under a new term loan
The Senate Commerce, Science, and Transportation Committee approved legislation sponsored by Sen. Frank R. Lautenberg (D-NJ) to reduce congestion on the nation’s roads by encouraging freight to be carried by ships. The measure would create a grant program for America’s Marine Highways to encourage shipping by sea or inland waterway and establish a new program to modernize port facilities to make efficiently transport freight
U.K. based Solar Solve Marine received two orders to supply SOLASOLV class approved roller screens from Stenships KS, a subsidiary of Rederiet Stenersen AS, headquartered in Bergen, Norway. Rederiet Stenersen transports liquid products with 17 chemical/product tankers ranging from 17-19,000 DWT deployed in North West European Trade. In December and January the company placed two orders for the M/T Sten Suomi and M/T Sten Bothnia.
Rep. Frank LoBiondo (R-N.J.) chaired today’s Subcommittee on Coast Guard and Maritime Transportation Hearing on “Maritime Transportation Regulations: Impacts on Safety, Security, Jobs, and the Environment; Part II” in place of Subcommittee Chairman Duncan Hunter.
Vessel operators press for uniform national vessel discharge regulation On March 4, in testimony before the Coast Guard Maritime Transportation Subcommittee of the House Transportation and Infrastructure Committee, Tom Allegretti, President & CEO of The American Waterways Operators
Industrial Emergency Services LLC (IES) says that as part of its ongoing nationwide expansion of land-based and maritime emergency response and related safety services, it has added capabilities on the East Coast to supplement its existing Gulf Coast and West Coast infrastructure.
According to a recent report from PwC, transportation & logistics, CEOs are more optimistic this year compared to last despite having some big worries, like transport infrastructure readiness. Theyre currently focusing on developing a strong workforce, where they need it
A new well-intentioned maritime fuel regulation from the Environmental Protection Agency (EPA) is poised to crowd roads and increase onshore air pollution, maintain shipping industry leaders Rod Jones and Bill Terry, President and CEO of the CSL Group and of Eagle Rock Aggregates, respectively
American independently owned oceangoing petroleum barge company, Bouchard Transportation, has promoted Captain Robert W. Glas to Vice-President of Regulatory Affairs. Captain Glas will interact with regulatory committees and trade organizations on behalf of Bouchard Transportation Co, Inc
The Subcommittee on Coast Guard and Maritime Transportation, chaired by Rep. Duncan Hunter (R-Calif.), will hold a hearing next week examining the impacts of federal environmental regulations on maritime transportation. This will be the second part of a two-part hearing to review the status
The barging industry has the answer. It’s nowhere near as complicated as it seems. As shale gas production continues to ramp up across the United States, millions of gallons of wastewater is created through the process of hydraulic fracturing, or fracking
U.S. Transportation Secretary Anthony Foxx will join President Barack Obama today to announce that $600 million will be made available to fund transportation projects across the country under a sixth round of the U.S. Department of Transportation’s highly successful Transportation Investment
Outgoing Secretary of Transportation for the Commonwealth of Virginia Until January of this year, Sean Connaughton oversaw seven state agencies with more than 9,700 employees and combined annual budgets of $5 billion. Connaughton is probably better known to MarineNews readers as the U.S
Reuters - Azerbaijan's state energy company SOCAR agreed with Russian oil pipeline monopoly Transneft on transportation tariff at $16 per metric ton, slightly up from a previous $15.67, to be shipped via Russia in 2014, SOCAR's official said.
Acting Maritime Administrator Paul “Chip” Jaenichen met today with Port of Hueneme officials and Port customers for an industry stakeholder meeting and tour of the Port of Hueneme and Navy Base Ventura County. BMW, Global Auto Processing Services, Wallenius Wilhelmsen Logistics
Teekay Offshore Partners say they have agreed to acquire ALP Maritime Services B.V. (ALP), a Netherlands-based provider of long-haul ocean towage and offshore installation services to the global offshore oil and gas industry. Details as follows:
Hersman announces slight rise in 2012 transportation fatalities; aviation, pipeline and marine deaths drop According to preliminary figures released today by the National Transportation Safety Board, total transportation fatalities in the United States increased by three percent in 2012 from
The Canadian Ferry Operators Association (CFOA) has said it welcomed Prime Minister Harper’s announcement of the framework for the New Building Canada Plan (NBCP). Details were also released on the New Building Canada Fund (NBCF)