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, including senior management positions in New York, Tokyo and Hong Kong. Over the years Ho has been involved in many aspects of shipping, from sales to brokering, technical management to operations, project development to financial management. Novack went on to note that Ho’s background in privately owned shipping companies engaged in world-wide ocean transport brings additional expertise and depth to the Lasco board as Lasco continues to strategically position itself in the twenty-first century global market-place. This announcement is seen as the latest in a series of initiatives this past year by Lasco to strengthen its core management and Board, to strengthen its commercial flexibility through selective alliances and pool arrangements, and to renew its fleet through an active newbuilding program.
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
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.
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
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)
Global ocean transport operator AAL today announced plans to increase the size of its fleet to over 500,000 dwt in 2015. Comprising owned and chartered vessels, the move will add needed capacity to the multi-purpose sector’s youngest and most advanced fleet, in support of growing global demand, the company said. The company also announced it had doubled revenues in the past two years
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
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
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
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
European ports are real “multitaskers”: they combine different functions ranging from gateway to the world, nodes in the transport chain, hotspots for Europe’s industrial activity, safe and secure shelters, the link between Europe’s peripheral regions and islands to the
Blue Ocean Monitoring enters into strategic alliance with Sea Technology Services Blue Ocean Monitoring (BOM) announced that it has entered a strategic business alliance agreement with Sea Technology Services (Pty) Ltd (STS). Under the alliance
Aranui 5, a cruise ship / container ship hybrid, will make its maiden voyage from Tahiti to the Marquesas Islands in the South Pacific Ocean at the end of November 2015. The Aranui 5 is replacing its predecessor, the Aranui 3 on a dual mission to bring travelers and
Dry bulk shipping firm Golden Ocean reported first-quarter earnings below forecasts on Thursday and said its market had gone from "bad to worse" with market conditions not seen in three decades. Golden Ocean, controlled by shipping tycoon John Fredriksen
UK- based shipping consultants Drewry said that it was only a matter of time before these carriers make the formal announcement that Hamburg Süd is to become a fully-fledged member of Ocean Three, or Ocean Four as it will presumably have to be re-named.
A week before Indian Prime Minister Narendara Modi is set to visit the country, China said it was ‘eager to cooperate’ with India on deep sea mining in the Indian Ocean, reports Press Trust of India. China's sweetheart deal is to break through India's resistance to its
Norwegian shipping company Atlantic Offshore A.S. took delivery of new offshore multipurpose vessel Ocean Falcon from Zamakona Yards at the builder’s facilities in Pasajes, San Sebastián. Ocean Falcon is the third and final vessels in a series built by Zamakona for Atlantic
International freight insurer TT Club convened a special seminar at the recent conference on transport and logistics, Trans Russia in Moscow. Lead by TT Club’s General Manager, EMEA, Kevin King and Kirill Berezov from the insurer’s long-established Russian network partner
Mitsui O.S.K. Lines, Ltd. received a letter of appreciation from the Paraguayan Embassy, thanking the company for providing ocean transport of used wheelchairs from Japan to Paraguay, where they were delivered to needy children. This is the second time MOL has teamed up with the Volunteers Group
Robert Goodwill, MP for Scarborough and Whitby, has been named as the UK’s new shipping minister. As Shipping Minister, he will have responsibility for completing the Maritime Growth Study. Earlier he was appointed as Parliamentary Under Secretary of State for Transport on Tuesday
The Port of Hamburg handled total throughput of 35.6 million tons (up by 0.1 percent) in the first quarter of 2015. Bulk cargoes at 11.7 million tons (up by 12.3 percent) and container transport between the port and its hinterland at 602,000 TEU (up by 11
Maritime software solutions provider Oceans HQ Ltd has announced a partnership with the Gibraltar Ship Registry (part of the Gibraltar Maritime Administration), ahead of new STCW requirements for online access to seafarer certification data which come into force in 2017.
Expanded premises for the World Maritime University (WMU) were inaugurated on Monday, May 19, 2015 in Malmö, Sweden, by IMO Secretary-General and WMU Chancellor Koji Sekimizu. WMU is an international educational institute for the maritime community, operating under the auspices of IMO
Global surface warming has slowed since the start of the twenty-first century, while Pacific heat uptake was enhanced. Analyses of ocean heat content suggest that the warm water was transferred to the Indian Ocean, through the Indonesian straits, reports "Natue".
Key topics of this year’s summit will be centered on transport and climate change as a milestone to the COP 21 climate change conference in December 2015. The Annual Summit of transport ministers from around the world will take place in Leipzig, Germany from May 27-29, 2015