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Report on MOL Comfort Incident is out

MOL Comfort

  In response to the casualty of “MOL COMFORT” which occurred on 17 June 2013, ClassNK established the Investigative Panel on Large Container Ship Safety, comprised of leading experts from shipbuilders, shipowners and academic institutions, to carry out the following course of action: (1) Investigate the possibility of casualty occurrence (2) Consider and examine safety of large container ship structure The findings and outcomes of the panel have been consolidated into a report, which is available to download in both English and Japanese via the website below: http://www.classnk.or.jp/hp/en/hp_news.aspx?id=1100&type=press_release&layout=1 For all inquiries regarding the report, please fill out an Enquiry Form via the website above. Answers to these inquiries will also be regularly updated as Q&As on the ClassNK website. ClassNK has scheduled an immediate Explanatory Meeting with IACS members to explain the report and to share the findings and outcomes among the IACS members. ClassNK will continue to work towards the safety of the large container ships including improvement of the relevant Rules, Guidance  and Guidelines.  


Osprey Maritime Gets Extension

Oil and gas shipping firm Osprey Maritime's bankers have agreed to an extension through the third quarter of 2002 of $362 million in short term loans. The facilities were originally repayable on July 20, 1999. The outlook for Osprey, which has a total debt of $813.7 million as of June 30, 1999, hinged on the outcome of its talks with bankers to extend its short term loans. The debt was incurred following its multi-million acquisition of Gotass Larsen Shipping Corp in 1997.


BP-Amoco and ARCO in $26.8 Billion Deal

BP Amoco confirmed, following a successful outcome to talks between the two companies, it has reached agreement to combine with the Atlantic Richfield Company (ARCO) of Los Angeles. The all-share transaction, approved by the boards of both companies, will involve the exchange of 0.82 BP Amoco American Depositary Shares (ADS) for each ARCO share. The deal will substantially boost BP Amoco's reserves and production, giving it the largest oil output of any non-state company


Repairs Complete on Damaged Akaylar II

The Turkey-flag container ship Akaylar II has left Desan Shipyard, Tuzla, Turkey, after repairs were completed on the collision damaged vessel, Reuters reported. Akaylar II was towed to Tuzla from Buyukdere, where it had initially been towed following a collision around the entrance to the Bosphorus straits. The 4,263-dwt Akaylar II was leaving the straits for the Black Sea when it was involved in a collision with the southbound 8,971-dwt Cambodia-flag Med Glory, which was badly damaged.


Kidnapped Bourbon Crew Released

Bourbon announces that its 10 crew members kidnapped in Cameroon on 31st October on board the Bourbon Sagitta were released on Nov. 11. They are now safe in Yaoundé. After medical check-ups, all of them appear to be in good health. Bourbon wishes to thank everyone who has contributed to the successful outcome of this affair for their support and efforts, and in particular the local Cameroonian authorities, as well as the French Ministry for Foreign and European Affairs.


Navios Apollon Released from Captivity

Navios Maritime Partners L.P. announced that the Navios Apollon and her crew were released on Feb. 27 2010. Navios Partners reported that the Captain and crew are healthy and will be reunited with their families shortly. Navios Partners thanks the Captain, the crew and their families for their fortitude through this trying ordeal. Many assisted the company in achieving this outcome. Navios wanted to recognize the special efforts of the Chinese Embassy in Greece, and the Ambassador personally


Safe Bulkers Time Charter for Panamax Vessel

Safe Bulkers, Inc. (NYSE: SB) announced that it has entered into a new period time charter for the Maria, a 76,000 dwt Panamax class vessel, for a duration of 34 months to 36 months, with a forward delivery date in second quarter of 2011, at a gross daily charter rate of $20,250, less 3.5% total commissions. Dr. Loukas Barmparis, President of the company, said: “The new three-year time charter, which has a higher rate compared to the vessel’s current rate


EDHEC-Risk Institute Welcomes Eight New Members

EDHEC-Risk Institute announced that eight new members have joined its international advisory board, which brings together scholars, representatives of regulatory bodies as well as senior executives from business partners and other institutions. The role of the international advisory board is to validate the relevance and goals of the research program proposals presented by the institute’s management and to evaluate research outcomes with respect to their potential impact on industry


Navy Cuts One Littoral Combat Ship in 2015

 U.S. Navy Aims To Smooth Impact Of Fiscal 2015 Cut To Ship Orders   Add to Collection(Oil)|Print Download:Plain TextXMLAll         WASHINGTON, April 10 (Reuters) - The U.S. Navy hopes to smooth out the impact on Lockheed Martin Corp and Australia's Austal of a budget-driven decision to order three Littoral Combat Ships instead of four in fiscal year 2015, the Navy's top weapons buyer said on Thursday.  


Fergusons Shipbuilders Takeover: Preferred Bidder

Scots flag: File image

The Scottish Government informs that KPMG has announced that Clyde Blowers Capital is to be the preferred bidder for the group’s business and its assets. First Minister Alex Salmond said:
 “I am delighted that Clyde Blowers Capital has been named the preferred bidder for the Fergusons yard. Jim McColl’s company is one of Scotland’s greatest job creators, and I will be meeting with the company


Judge Rejects BP Bid to Recoup Some Spill Payments

A U.S. judge has ruled that BP Plc cannot recoup what it says were inflated claims paid under a multi-billion dollar settlement program to compensate people hurt by the 2010 Gulf of Mexico oil spill, NOLA.com reported on Wednesday. BP originally expected the payout program to cost $7


The Great Lakes Ballast Water Challenge Explained

Ballast water discharge: File photo

Skuld P&I Club in a members advisory explores the regulatory framework and practical issues that exist in both Canada and the USA with input from BLG of Montreal and Chalos & Co of New York. The situation Members will be aware of the continuing progress of the Ballast Water Treatment


Bibby Offshore Scoops Two Business Awards

Howard Woodcock (Photo courtesy of Bibby Offshore)

Bibby Offshore, a provider of subsea installation, inspection, repair and maintenance services to the offshore oil and gas industry, has been recognized at the 2014 Northern Star Business Awards winning in the categories Commitment to People Development and Outstanding Contribution to the Energy


GTT Earns Five AIPs for Multi-gas Membranes

Gaztransport & Technigaz (GTT), designer of membrane containment systems for the maritime transportation and storage of LNG (Liquefied Natural Gas) announced five AIPs for transportation of liquefied gases other than LNG. As an outcome of the shale gas revolution in the U.S


Update on the Deep Discovery at BNG

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  Roxi, the Central Asian oil and gas company with a focus on Kazakhstan, has given an update about the market with news of the deep discovery at its flagship BNG asset. The BNG Contract Area is located in the west of Kazakhstan 40 kilometres southeast of Tengiz on the edge of the


French Ferry Firm Loses State Aid Appeal

Photo: SNCM

Cash-strapped ferry operator SNCM looks set to seek legal protection from its creditors after Europe's highest court ruled on Thursday it must pay back 220 million euros ($289 million) of French state aid. SNCM, owned 66 percent by transport group Transdev


RWO to Put Changes on Display at SMM

Photo: RWO

New generation of Oily Water Separators / CleanBallast with Screen filter option / Extended Service Toolbox In April, Bremen-based RWO announced a 30% revenue-increase in its core business, and also the ballast water business comes up with some important news


Eco Marine Power Short-Listed for Ship Efficiency Awards

Impression of Aquarius MRE System on Eco Ship

  Eco Marine Power is pleased to announce that it has been named as a finalist in two categories of the inaugural Ship Efficiency Awards 2014. The Ship Efficiency Awards 2014, hosted by Lloyd's Register and organised by Fathom, will recognise and celebrate the organisations and individuals


India Allows Sick Italian Marine Home for Treatment

 India's top court on Friday granted permission for an ailing Italian marine facing murder charges to return home for four months for medical treatment. Massimiliano Lattore, who suffered a stroke in August, is one of two Italian marines being held over the 2012 shooting of two fishermen


SUNY Maritime Grads Start at Higher Salary: PayScale

SUNY Maritime College: Photo SUNY

What do SUNY Maritime College graduates have that Princeton, Harvard, Yale, and Columbia graduates don’t have?  Higher starting annual salaries; that’s what, answers SUNY. In fact, SUNY Maritime College has the highest-earning alumni of any state public college in the nation


Simmons Assumes Command of USS James E. Williams

USS James E. Williams (DDG 95)

  Capt. Anthony L. Simmons relieved Cmdr. Curtis B. Calloway as commanding officer of the guided-missile destroyer USS James E. Williams (DDG 95) at sea on Sept. 16. Simmons arrives from the staff of Commander, Destroyer Squadron (DESRON) 2 and will remain in command pending the


Impact of Upcoming Regulations on Wreck Removal

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The Nairobi International Convention on wreck removal was ratified by India recently and will be enforceable from April next year. This will place financial responsibility for the removal of certain hazardous wrecks on shipowners. Acknowledging this change


Rotterdam Integrates Safety Research with LNG Training Facility

Arjen Littooij, general director Safety Region Rotterdam Area opened today the very first northwest European Falck-LNG-training facility for liquefied natural gas on the Rotterdam Maasvlakte.

  The Dutch company Falck Risc is becoming the number one expert on LNG safety in Europe. Together with the Unified Fire Department, Falck Risc will draw up guidelines and recommendations for emergency response services in dealing with Liquefied Natural Gas (LNG)


ICC Conference Focuses on Platform to Settle Disputes

5th ICC International Commercial Mediation Conference a global platform for in-house counsel

  The 5th ICC International Commercial Mediation Conference has brought together leading mediators, arbitrators, corporate managers and in-house counsel from around the world to focus on how companies can improve their chances of settling commercial disputes through direct negotiation


Impact of CITGO Oil Refineries Sale: Analysis

VLCC: File photo

A sale of Venezuelan state oil company PDVSA’s Citgo refining assets could dramatically change crude oil flows: Poten & Partners consider the outcomes in their latest 'Tanker Opinion'. According to various sources, Venezuelan state oil company PDVSA is planning to sell its North






 
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