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OCEAN TRANSPORT

SeacorHoldings OrderTwo LPG Carriers

Seacor Holdings Inc. (SEACOR) announced  that it has executed an agreement with Hyundai Heavy Industries Co., Ltd. (HHI), through a subsidiary of SEACOR Ocean Transport Inc., for the construction of two Liquefied Petroleum Gas tankers (Very Large Gas Carriers, otherwise known as VLGCs) with expected deliveries in 2014 with an option to purchase up to three additional VLGCs with delivery in 2015.  These vessels will be equipped to meet current and expected environmental and regulatory requirements and feature substantially improved performance and consumption due to a new hull design and the latest generation MAN B&W G-type engines. Seacor anticipates that the new vessels will be managed by Dorian (Hellas) S.A. in a pool together with three VLGCs owned by affiliates of Dorian. Dorian also has an option to acquire or co-invest in up to 50% of the vessels under contract and option with HHI.


Ho Named to LASCO Board

Lasco Shipping Co.’s Chief Executive Officer Kenneth M. Novack announced that Steven T. Ho has joined the Lasco Board of Directors. Ho, President of Fairmont Shipping (Canada) Limited, headquartered in Vancouver, B.C., Canada, joins George Wood and Anthony Gurnee as outside directors of Lasco. “We’re extremely pleased that Steven Ho has joined our Board,” commented Novack, calling attention to Ho’s over twenty-five years of global shipping experience


Two 171 MW Floating Power Plants for Venezuela

Photo courtesy Waller Marine, Inc.

Waller Marine, Inc of Houston, Texas will soon launch and christen what will become the world’s largest floating power generation facility when installed at a designated site in Venezuela. The two power barges, which Waller has under construction at the Signal International Shipyard in Orange, Texas, will be transferred from their land based construction locations to the water during the next few days and christened by Venezuelan dignitaries at a ceremony at the shipyard on August 21


Qatar Navigation (Milaha) Increases Net Profit in H1 2012

Qatar Navigation (Milaha) Q.S.C. announce its financial results for the first half of 2012, ending June 30th. Summary financial results are as follows:     •    Operating revenues of QR 1.164 billion vs. QR 1.159 billion for the same period in 2011, an increase of 0.4% year over year.     •    Operating Profit of QR 320 million vs. QR 300 million for the same period in 2011, an increase of 6.6% year over year.


Demand Rising to Keep Stuff Cool on Ocean Voyages

Søren Skou, CEO of container shipping giant Maersk Line is keynote speaker at the 4th Cool Logistics Global conference, 24-26 September in Antwerp, Belgium. Mr. Skou will outline Maersk’s position on the critical actions now needed to sustain the future of global refrigerated transport. Over the past decade and more, expansion of refrigerated container ocean services has underpinned growing world trade in an ever-widening range of perishable commodities


Navy Transport Dock Ship Tests Spacecraft Recovery

Spacecraft Orion recovery trial: Photo courtesy of USN

The first installment of a new and historic partnership between the Department of Defense and National Aeronautics and Space Administration begins as the amphibious transport dock 'USS Arlington' (LPD 24) conducts a stationary recovery test of the Orion crew module while berthed at Pier 12, Naval Station Norfolk. During this test, a waterborne Orion crew module (a 16-foot, four-personnel upgrade of the Apollo capsule, which was half the size and carried a crew of three)


APL Launches 53-foot Containers into the Market

The first 53-foot ocean-capable containers from shipping leader APL have rolled off the assembly line and were loaded onto the vessel APL Philippines for their initial voyage across the Pacific. Major retailers have snapped up the containers to take advantage of “big-box economics” on the Transpacific Trade from Asia to the U.S. “We took the first order of 53-foot containers from our manufacturer in China and immediately put them to work,” said Bob Sappio


Colle Shipyard Contract, New ASD Tug

Photo courtesy Signet Maritime

John H. Colle, Jr., President of Colle Towing Company, Inc., Pascagoula, Miss., announced that Signet Maritime Corporation has awarded a new-build contract to Colle Shipyard for construction of Signet Weatherly, a Robert Allan designed RAmparts 3200 105-ft x 38-ft by 17.7-ft ASD tug.  The vessel will be built and classed to ABS Maltese Cross, AMS, Ocean Towing Service standards. She will be employed in Signet’s expanding US Gulf and overseas harbor


Dockwise to Finance New Type 0 Vessel

Dockwise Ltd. Board of Directors approved of the commissioning of a newbuild vessel to serve the emerging demand for ocean transports with capacity of above 100,000 metric tons, and the notice of the same date for a special general meeting (SGM) to authorize the proposed rights issue to part-finance the investment.   The SGM of the company was held on Nov. 23 in Amsterdam, the Netherlands, and all items were resolved in accordance with the Board of Directors' proposals as set out in


WWH Q3 2013 Results Impacted by Weak Shipping Market

Photo courtesy of Wilhelmsen

Reduced volumes of high and heavy cargo and seasonally lower demand for maritime services negatively affected Wilh. Wilhelmsen Holding ASA (WWH) total income and result in the third quarter of 2013. Current activity level for group entities is expected to continue. Operating profit for the third quarter of 2013 was USD 96 million (USD 260 million) based on a total income of USD 873 million (USD 1 075 million). Income and results for the third quarter of 2012 were positively impacted by a


Indonesia Upbeat Ahead of IORA Chair

Pic: Indian Ocean Rim Association (IORA)

 Indonesia is gearing up to turn its foreign policy focus westward when its role as Indian Ocean Rim Association (IORA) chair begins later this year, reports Jakarta Post.   The country is ready to expand the promotion of President Joko “Jokowi” Widodo’s


Crowley Crew Aids Ill-fated Catamaran

Photo courtesy of Crowley

The crew of the Crowley-managed, 393-foot, heavy lift vessel Ocean Crescent recently provided assistance to five people aboard the damaged and drifting catamaran Rainmaker during a routine transit from Progresso, Mexico, to Halifax, Canada.


VLCCF - 4Q & FY 2014 Results

Photo by Knightsbridge Shipping Limited

Knightsbridge Shipping Limited ( VLCCF ) reports net income of $5.2 million and earnings per share of $0.06 for the fourth quarter compared with a net loss of $6.2 million and a loss per share of $0.11 for the preceding quarter. Net income in the fourth quarter includes $6


Satellite Images Reveal Ocean Acidification

Pic: National Oceanic and Atmospheric Administration (NOAA)

 Ocean acidification can now be seen from space, highlighting an ongoing danger of climate change and revealing the regions most at risk.   Pioneering techniques that use satellites to monitor ocean acidification are set to revolutionize the way that marine biologists and climate


German Seaports Seek Federal Backing

Barge traffic at the Port of Hamburg

The Port of Hamburg, along with the other German seaports, is calling for appropriate recognition in the Federal Transport Infrastructure Plan. “When the new Federal Transport Infrastructure Plan is agreed this year, the forecast growth in freight traffic makes it essential that


Valemax Ship Gets Go-ahead at Chinese Ports

Valemax ship (Source: Vale)

 China has amended its port rules to allow fully loaded 400,000-deadweight tonnes (dwt) dry bulk cargo ships to dock at the country’s mainland ports.  The ban affected the type Valemax ships, cargo ships built by Vale with capacity of 400 thousand tons.  


Hamburg Süd Receives Panalpina Award

Photo courtesy of Hamburg Süd

Hamburg Süd has been recognized for the first time with the “Carrier of the Year” Award by the internationally operating transport and logistics group, Panalpina, based in Basle/Switzerland. Peter Frederiksen, Member of the Executive Board of Hamburg Süd


Two New Vessels Enter Service for Boskalis

Dockwise White Marlin (Photo: Boskalis)

Boskalis takes new semi-submersible heavy transport vessel and hopper dredger into service    Royal Boskalis Westminster N.V. informed that Dockwise vessel White Marlin was named and christened during a ceremony in Guangzhou, China


Indian Maritime Sector Seeks Govt Sops

Photo: Indian National Ship-owners Association

 The maritime sector, including, ports, shipping industry and merchant navy in India is expecting the government would allocate a substantial amount of provisions and sops in the forthcoming union budget.   Indian Shipping Industry has the potential to ignite growth


Tanzania's Port Authority Head Suspended

Photo: Tanzania Ports Authority

The acting director of Tanzania's port authority has been suspended pending an investigation into allegations he violated procurement procedures, officials said on Tuesday. The suspension comes at a time when the Indian Ocean port of Dar es Salaam


WOC Partners With The Economist for 2014 Summits

File photo by WOC

  The World Ocean Council is partnering again with The Economist to help engage the ocean business community in upcoming events: For the third Arctic Summit, the WOC is working with The Economist to help ensure Arctic business community participation


Kenya to Start Work on New Northern Seaport

Kenya will start construction work next month on a long-delayed new port to be built on its northern coast, next to the historic trading town of Lamu, the presidency announced on Monday. The Lamu Port-South Sudan-Ethiopia Transport (LAPSSET) project is intended to include a port, new roads


Kenya to Focus on Maritime Safety, Security

Image: Kenya Maritime Authority

 Kenyan government vowed to strengthen maritime safety and security to help exploit maritime resources. Kenyan President Uhuru Kenyatta called for closer cooperation, and effective coordination of all maritime policy at the different decision- making levels both at regional and


Korean Shipper Files for Bankruptcy

 Korea’s dry bulk shipping company Daebo International Shipping has reportedly filed an application for rehabilitation proceedings with a court in South Korea.   Daebo is the third dry bulk shipping company to file for bankruptcy protection this month following China’s


Sulphur Enforcement Event to be Held in Brussels

Trident Alliance has invited representatives from national and European authorities and NGO’s to discuss how effective enforcement of sulphur regulations can be achieved on the high seas. The event will take place on March 3 during the European Shipping Week in Brussels.   






 
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