According to an Oct. 15 report from the Associated Press, Agribusiness leader Archer Daniels Midland Co. said it has acquired five cargo ships to help it transport grain worldwide with greater flexibility and at lower cost than outside carriers. (Source: Associated Press)
The members of the American Waterways Operators (AWO), the national trade association for the American tugboat, towboat and barge industry, elected Mr. Royce C. Wilken as Chairman and Mr. H. Merritt Lane as Vice Chairman on Friday, April 20 during the AWO Spring Convention in Washington. Mr. Wilken is President of American River Transportation Co. (ARTCO), headquartered in Decatur, IL, and served as vice chairman for the past year. Mr
Canyon Offshore, Inc., has announced that it has been awarded drill support contracts on board the drilling rig Rowan Midland for its new electric Work Class ROV, Quest #3. In June, Canyon mobilized the new built Quest #3 on board the rig for Energy Resource Technologies, Inc. (ERT) to support ERT’s re-entry well work on East Cameron block 374. Upon completion of the ERT contract, Canyon will provide ROV services to Remington Oil & Gas at East Cameron 377 to support drilling and completion
Austal is pleased to announce the appointment of former Boral Limited Divisional General Manager Peter Hogan to the position of Chief Operating Officer – Australian Operations. Hoganr brings a strong background in business growth and operational improvement as well as proven success at all levels of management, both in Australia and overseas. He has previously held senior management positions with Hanson Israel Limited, Pioneer International Limited
To mark this year’s National Apprentice Week (6 – 10 February 2012), Finning Power Systems (Finning), the UK’s sole supplier of Caterpillar marine engines, is announcing that places are now available for its next intake of marine apprentices. The company is seeking young, enthusiastic talent to join its long-established marine apprenticeship scheme; a scheme that has been offering young people in the UK the opportunity to develop their engineering skills since the
On May 10, 2012 AVEVA (LSE:AVV) announced the release of an exciting new software product family for the marine and EPC market, AVEVA Enterprise Resource Management. Comprising the products AVEVA Material, AVEVA Planning and AVEVA Production, the application suite supports the entire project management and execution process. Shipyards and EPCs will benefit from lower material and production/construction costs through improved project efficiency
As shipping companies continue to suffer with the sagging world economy, bondholders who financed the Greek-controlled shipping company Enterprises Shipholding have detained a second of the company's containerships to force repayment of a $175 million junk bond on which it defaulted in June, according to a Reuters report. The company has a fleet of 17 refrigerated ships, 15 of which are laid up and not trading. It also has five container vessels
MarAd will pay Bay Bridge Enterprises $494,000 to remove the Vulcan and tow it to its Chesapeake salvage yard on the Elizabeth River within 45 days. The Vulcan is a former Navy repair ship built in 1941. The Vulcan will be recycled for steel. The company will also remove and dispose of waste fuels and other potential pollutants on the ship. Bay Bridge Enterprises has gotten several contracts to scrap Ghost Fleet ships from the Maritime Administration.
After 51 years of distinguished service, USS Enterprise (CVN 65) will ceremonially inactivate later this year at Norfolk Naval Station, in Norfolk, Va. The inactivation ceremony will be the last official public event for the ship, and will serve as a celebration of life for the ship and the more than 100,000 Sailors who served aboard. Details of the actual ceremony are still being finalized; however, numerous dignitaries and thousands of veterans of the ship are expected to attend the event
Five-year agreement gives Australia's Worley Parsons access to all solutions in Intergraph® SmartPlant® and SmartMarine® Enterprise portfolios This five-year agreement covers the Intergraph SmartPlant® and SmartMarine® Enterprise software suites, including SmartPlant 3D, SmartMarine 3D and SmartPlant 3D Materials Handling Edition (collectively known as Smart 3D), SmartPlant Foundation, SmartPlant Construction
SpeedCast International Limited has established a distributor agreement with Thuraya Telecommunications Company, a Mobile Satellite Services (MSS) operator. The new agreement brings new options for satellite mobility solutions for SpeedCast’s global customer base and expands
The Government of Australia has cleared project proposals to expand a port for two coal projects of both Adani Enterprises and GVK Hancock opposed by green groups. The Labor government in Queensland will allow mining companies Adani and GVK to dredge in Great Barrier Reef waters to
As a global manufacturer with the resources, technologies and expertise to make a positive impact in the world, Pentair is pleased has announced that its Project Safewater efforts have provided over 1 million people with sustainable, safe water services around the world.
Klein Systems Group Ltd. announced today that it has entered into an agreement to install the KleinPort Port Management Information System at Port Saint John, New Brunswick. The Port will be using KleinPort to manage and track its operational activities and cargo data
The U.S. Department of Commerce said it gave "some" oil companies on Tuesday permission to export a lightly processed crude oil, taking the first action in several months on applications from about 20 energy companies eager to ship the fuel abroad.
The Ministry of Transport, China has released a development guidance to establish a modern shipping service system by 2020 and to boost the development of the shipping industry. With the aim to establish a modern shipping service system by 2020 and to boost the development of the shipping
The first of three bulk carriers was delivered to Archer Daniels Midland Company (ADM), unique in that the ship features a host of innovative technologies, including the Mitsubishi Air Lubrication System (MALS), which reportedly helps the ship to achieve a 27% reduction in CO2 emissions as
A fully loaded liquefied natural gas (LNG) tanker grounded off Nigeria last week may siphon its cargo to another ship after tugs failed to pull it free, owner Teekay LNG Partners said on Tuesday. The Magellan Spirit tanker, carrying a full load of 165,000 cubic metres
Enterprise bumps up exports through annual contracts; signs 2015 contracts with PDS, Vitol; seeks one more term buyer. U.S. exports of condensate have been given an important boost after pipeline company Enterprise Products Partners LP agreed annual contracts with at least two major trading
U.S. agribusiness company Archer Daniels Midland Co has agreed to sell a 50-percent stake in its Barcarena grain export terminal in northern Brazil to commodities trader Glencore PLC, the company said during an analyst call on Tuesday.
The privatization of the port authorities of Piraeus and Thessaloniki has become bone of contention for the government, reports Kathimerini. The finance ministry is in favor of the privatization of Piraeus Port Authority [OLP] and it wants to encourage privatization move
Essex-based shipbuilder CTruk received a £1 million ($1.5 million) grant for the construction of an Advanced Composite Technology Centre from the UK Government's Regional Growth Fund, the office of Deputy Prime Minister Nick Clegg announced today.
Vietnam's Ministry of Transport is seeking private sector investment for construction of seaports, Vietnam Briefing reported last week. The Vietnam Maritime Administration will announce a list of 42 maritime infrastructure projects, including 18 seaports, looking for private investment
China VLCC, a joint venture between China Merchants Energy Shipping (CMES) and Sinotrans&CSC, has signed a two-year crude shipping contract with Dalian-based West Pacific Petrochemical (Wepec), operated by PetroChina. The contract will be extended by one year with approvals from
Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services, brushing off complaints from client BP Plc . "We believe if you want a service, you pay for it