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SPO Welcomes Seventh D Class Vessel to its Fleet

Photo: SPO

Shipowner and operator Swire Pacific Offshore Operations (Pte) Ltd. (SPO) welcomes another new anchor handling tug supply vessel, Pacific Dispatchto its fleet with her launch and naming ceremony. This vessel is built by Singapore Technologies Marine Ltd. (ST Marine) shipyard in Singapore. More than 100 representatives from SPO and ST Marine attended the event, held at the shipyard of ST Marine. The launch and naming ceremony was graced by Lady Sponsor, Mrs. Ofelia J. Villanueva, President of Anscor Swire Ship Management Dependents Association (an organization that provides support to the families of SPO's Filipino seafarers). Mrs Villanueva's husband, Lino Villanueva, joined Swire Pacific Offshore in 1984 and served as a Captain from 1988 to 2013. "The launch of Pacific Dispatchis another important step for the Company as we continue to develop our fleet of high specification anchor handling tug supply vessels. The D Class series has enjoyed a successful entry into service and each new vessel allows us to extend its presence across our key markets, supporting our customers with safe, high quality performance and service," said Managing Director, Neil Glenn. Pacific Dispatchis the fifth of a series of six D Class vessels built under contract from ST Marine for SPO. Similar to the sister vessels in the D Class series

SS&Y Pacific Capesize Index Rises 179 Points

Shipbrokers Simpson, Spence and Young's Pacific Capesize Index rose 179 points to 4,378 in the week ending Oct. 18. "After last week's record rise (912 points), the Pacific Capesize index has continued on a more moderate upward path this week," an SS&Y spokesperson said. "Current Pacific trade and activity looks steady with the volume of Japanese and Chinese cargoes remaining strong, but Atlantic direction cargoes are not holding as high a premium as trans-Pacific

Five-year Contract for Pacific Drilling Vessel

Pacific Drilling S.A. announce a five-year contract from Chevron USA for its ultra-deepwater drillship 'Pacific Sharav' Pacific Sharav is scheduled for delivery by Samsung Heavy Industries in Korea in the fourth quarter of 2013, upon completion of construction and client requested modifications. The drillship will be capable of operating in water depths of up to 12,000 feet and drilling wells up to 40,000 feet deep.

USCG Cutter Rush Returns

Cutter Rush

  The crew of Coast Guard Cutter Rush returned to its homeport following a successful 72-day deployment in the Central and Western Pacific, Monday. Rush departed in July 2014 and spent the last two months conducting operations in the Central and Western Pacific. During the deployment, Rush’s crew coordinated with multiple countries and partner agencies to conduct fisheries boardings in support of the Coast Guard’s living marine resources mission.

Pacific Drilling Releases Fleet Status Report & Revenue Guidance

Image courtesy of Pacific Drilling

Pacific Drilling says that the latest in its fleet of 5 of new ultra-deepwater drillships is in service.  Two additional drillships are under construction at Samsung Heavy Industries for delivery in 2014, and an eighth rig is under construction for delivery in March 2015. The report also includes a summary of historical operating fleet average revenue efficiency, as well as the company’s expectations for first quarter 2014 and full year 2014 operating fleet average

Pacific Drilling Revenue Up Again in Q1 2014

Image courtesy of Pacific Drilling

In its First-Quarter 2014 results Pacific Drilling announces revenue of $225.6 million for the three months ended March 31, 2014, as compared to revenue of $200.5 million for fourth-quarter 2013 and $175.0 million for first-quarter 2013. Highlights EBITDA(a) for the first quarter of $100.9 million, a 27 percent increase over the prior year Revenue for the first quarter of $225.6 million, a 29 percent increase over the prior year

PFI Marine Electric, Eltech Electric Partnership

Pacific Fishermen Shipyard and Electric LLC announced that it has agreed to sell its marine electrical operation, PFI Marine Electric, to a new company owned by the manager of the business, James Kaldestad, and George Hancock, owner of Eltech Electric Inc, another Seattle-based marine electrical contractor. Kaldestad will be President of PFI Marine Electric LLC, which will continue to operate at the Pacific Fishermen Shipyard in Ballard, Seattle and at Dutch Harbor, Alaska

EMMF Strengthens Global Bunkering Team

EXXONMOBIL Marine Fuels (EMMF), a world leading supplier of marine fuels, has undertaken a strategic reorganisation and strengthening of its bunkering team worldwide with effect from January 1, 2004. Dan Bryce is to leave his post as EMMF Americas General Manager to become Adviser, LNG/PGS Business Planning and Support, ExxonMobil Gas and Power Marketing, based in Houston. Meanwhile, Joe Rud, currently EMMF Manager for

U.S. Pacific Fleet Receives Meritorious Unit Commendation

By Mass Communication Specialist 1st Class Shane Tuck, Commander, U.S. Pacific Fleet Public Affairs Commander, U.S. Pacific Fleet Adm. Robert F. Willard presented a Meritorious Unit Commendation to his staff during a morning colors ceremony held July 27 at the Makalapa Compound here. On behalf of the Secretary of the Navy Donald C. Winter and Chief of Naval Operations Adm. Mike Mullen, the commendation awarded was presented to all personnel permanently assigned to the Pacific Fleet

AMCS Wins Pacific Patrol Boat Training Contract

The Australian Minister for Defense Materiel Mike Kelly announced the signing of a $21 million four-year contract with AMC Search Ltd to provide Pacific Patrol Boat (PPB) training services. Dr. Kelly said AMC Search Ltd (AMCS) is the commercial arm of the Australian Maritime College, located in Launceston, Tasmania. “The contract is for a range of technical, operational and administration courses for students from the 11 nations participating in the PPB Program,” Dr

Excess Tonnage Weighs on Asia Dry Bulk-Capesize Rates

File image: a so-called ValeMax bulk carrier (Credit: Vale)

Capesize market "absolutely dead" on Thursday - broker. Vale says no new cargoes but owners sail empty vessels to Brazil. Freight rates for large capesize dry cargo ships on key Asian routes will continue to fall next week as too many ships chase available cargoes

Zim Adds Pacific North West Service

Photo: Zim Integrated Shipping Services

 Zim Integrated Shipping Services (ZIM) is introducing an additional Asia-Pacific North West Trade route, CEN – (China Express Northwest service) with the following rotation: Xingang – Qingdao – Shanghai – Prince Rupert – Xingang.   

Asia Dry Bulk-Capesize Rates to Remain Steady

File Image (Credit BSM)

Owners seeking to push rates higher, close to year-long highs; dry bulk sector to see greater consolidation - BIMCO. Freight rates for large capesize dry cargo ships on key Asian routes are likely to remain steady next week even as owners try to push rates up close to year-highs

Container Shippers Raided in S.Africa over Suspected Collusion

File photo: Maersk Line

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said.   The development comes as global container lines struggle in

South Africa Raids Boxship Operator's Offices

File Image: a CMA CGM boxship alongside and loading cargo. (Credit: Marad)

Six of the world's biggest container shipping companies were raided by South African authorities on Wednesday on suspicion of colluding to inflate rates between Asia and South Africa, the country's Competition Commission said. The six companies comprise local subsidiaries of Denmark's Maersk

US West Coast Dockworkers, Shippers to Talk Contract Extension

Photo: Port of Long Beach

Major cargo shippers and the union representing dockworkers at 29 U.S. West Coast ports have agreed to talks on a possible extension of their current contract, which is set to expire in mid-2019, the two sides said in a joint statement on Tuesday.  

Hamburg Süd is Ocean Supplier of the Year

Photo: Hamburg Süd

 In August 2016, CEVA Logistics honored Hamburg Süd with the Ocean Supplier of the Year award for 2015. CEVA is one of the world’s leading non-asset-based supply chain management companies.   Hamburg Süd was recognized for its strong global relationship with CEVA in

Hornblower Flagship Retrofits with Thordon's Shaft Seals

Inspiration Hornblower has converted to the maintenance-free TG100 mechanical tail-shaft seals (Photo: Thordon Bearings)

Thordon Bearings’ US West Coast Distributor, Pacific Marine Equipment has successfully completed the installation of a pair of TG100 mechanical propeller shaft seals to Hornblower Cruises & Events’ 1000-passenger capacity twin screw flagship, Inspiration Hornblower.

Hurricane Paine forms off Mexico

Hurricane Paine formed in the Pacific more than 300 miles off the coast of Mexico early on Monday and is forecast to begin weakening later in the day, the National Hurricane Center (NHC) said. Mexico has no coastal warnings in effect for Paine

Vigor Introduces Freezer Longliner Design

(Image: Vigor)

Vigor will unveil its new 142’ Freezer Longliner designed specifically for North Pacific fishing at this year's Pacific Marine Expo in Seattle, Wash.   Based on an existing design by Marco Marine, the 142’ x 33.6’ x 14’ vessel has a fish hold capacity of 14

Hanjin Collapse: Shippers Look to Fill Gaps

Photo: Hanjin Shipping

 Global shipping giants are now trying to fill the void left by South Korea's Hanjin Shipping. According to Nikkei, Global shipping heavyweights are rushing to open new lines on the trans-Pacific route, seeking to fill the gaps left by Hanjin.  

'A Few Good Men' Thanks for the Leadership!

Michael J. Toohey (Photo: WCI)

Change is inevitable, especially in Washington, DC, and particularly within the U.S. Army Corps of Engineers. Waterways Council, Inc. (WCI) is a strong partner with the Corps, as navigation is a critical business line within its Civil Works’ mission. 

This Day In Naval History: September 1

1800 - During the Quasi-War with France, the schooner, USS Experiment, commanded by Lt. Charles Stewart, captures the French privateer Deux Amix off Barbuda, West Indies.   1814 - The sloop-of-war, USS Wasp, commanded by Johnston Blakely, sinks the British brig sloop, HMS Avon

North Korea Test Fires Submarine Missile

North Korea test fired a submarine-based ballistic missile (SLBM) from its east coast on Wednesday, CNN reports quoting South Korean authorities.   The missile flew about 500 kilometres before splashing into the Sea of Japan — the first missile of its kind to reach such a distance.

White House Sees a Path to Approval of Pacific Trade Deal

Photo: White House

The White House on Monday said it was hopeful it could win congressional approval of the Trans-Pacific Partnership trade pact before President Barack Obama leaves office, and warned that failing to do so would undermine U.S. leadership in the region.

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