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, although brokers feel that this could alter soon," he added.
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.
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
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
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
Matson, Inc. agrees to acquire the primary assets formerly owned by Reef Shipping, a South Pacific shipping company based in Auckland, New Zealand. The assets to be acquired include four vessels and approximately 1,500 pieces of container equipment. The financial terms of the agreement were not disclosed and the closing of the transaction is expected to occur on or about year-end. "With this acquisition
Todd Shipyards Corporation announced today that the U.S. Navy has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation ("Todd Pacific"), a modification to previously awarded contract N00024-00-C-8514 in support of repairs and alterations performed during the Selected Restricted Availabilities ("SRA's"), the Docking Selected Restricted Availabilities ("DSRA's"), and the Continuous Maintenance Availabilities ("CMA's") of the surface combatants (frigates and destroyers)
Christopher Brown, formerly Claims Director for Gard, will bring his experience to the UK P&I Club when he joins managers Thomas Miller on August 1. Mr. Brown, 40, trained and qualified as a maritime lawyer in the United States. A Norwegian speaker, he has been with Gard since 1989 and was stationed at its Hong Kong office after 1997. Brown leaves Norway for family reasons and is greatly looking forward to working for the world's largest P&I club.
Todd Shipyards Corporation said that the U.S. Navy has awarded to its wholly owned subsidiary, Todd Pacific Shipyards Corporation, a $10,949,272 modification to previously awarded contract N00024-00-C-4152. This modification represents the exercise of an option for the Docking Planned Incremental Availability ("DPIA") for USS Abraham Lincoln (CVN- 72), at Puget Sound Naval Shipyard commencing on September 5, 2006 and is expected to be completed March 15, 2007
The China Navigation Co Ltd (CNCo) has announced plans to consolidate the majority of its liner shipping services under a new entity, Swire Shipping Ltd, a new company recently incorporated in the United Kingdom. The service framework and existing network of management offices will not be affected by this change. Under the new entity, Swire Shipping will become the new brand, meaning that the current brands APIL, Chief Container Service, Crocodile Line,
Harkand, the international subsea inspection, repair, maintenance and light construction group, announced an agreement to acquire the main assets and business of Veolia Marine Services (VMS). The acquisition will add 150 onshore and offshore staff
The Board of Directors of the company elected Ian C. Strachan to serve as Chairman of the Board effective May 18, 2013. Mr. Strachan replaces J. Michael Talbert who was not re-elected at the company's annual general meeting held on May 17, 2013.
Evergreen Line, Pacific International Lines, Sinotrans and Yang Ming have announced cooperation in the China, Taiwan, and Australia trade commencing from Ningbo on June 7, 2013. The China-Australia-Taiwan (CAT) service will be operated with six vessels of 4,250 TEU
Pacific Northwest LNG awards FEED contract, takes next step toward an LNG export terminal island on Lelu Island, near Port Edward. The front-end engineering and design (FEED) contract will see three firms working together to design the terminal and work on feasibility studies in the Port
Jeppesen agrees with Indonesian Navy Hydrographic Office to distribute Electronic Navigation Charts (ENC) for Indonesia including Straits of Malacca. With the completion of this agreement, Jeppesen says it will provide the worldwide commercial shipping industry with comprehensive ENC coverage for
RigNet, provider of remote communications solutions to the oil and gas industry, has installed an iDirect Series 15100 Universal Satellite Hub in Adelaide, Australia. The installation will allow RigNet to extend its services to Australia and the Asia Pacific region
Dometic Marine signaled its intent to focus on the commercial market with the appointment of 25-year company employee Ben Haynes to the Commercial and Military Marine portion of Dometic Americas. International Technical Sales Manager Haynes
TITAN Salvage executive to speak on salvage work in the Arctic at upcoming Women’s International Shipping and Trading Association's (WISTA - USA) 2013 AGM & Conference. TITAN Salvage's Lindsay Malen, director of business development
The Panama Canal has been nominated for the 2013 Prince of Asturias Award by the Spanish Ambassador. The Prince of Asturias Award is an annual prize presented by the Prince of Asturias Foundation to promote and reward scientific, technical, cultural
Secretary of the Navy (SECNAV) Ray Mabus visits the littoral combat ship (LCS) USS Freedom on its maiden SE Asia deployment. Mabus, the 75th SECNAV, delivered remarks on the flight deck of Freedom to more than 200 foreign dignitaries and representatives from 26 countries, U.S
This Day U.S. Naval History - May 14 1801 - Tripoli declares war against the United States 1836 - U.S. Exploring Expedition authorized to conduct exploration of Pacific Ocean and South Seas, first major scientific expedition overseas. Lt
Today in U.S. Naval History - May 15 1800 – Capt. Preble in Essex arrives in Batavia, Java, to escort U.S. merchant ships 1942 - First Naval Air Transport Service flight across Pacific 1969 - Sinking of USS Guitarro (SSN-665)
The Seattle Propeller Club announced the winner of the 2013 Puget Sound Maritime Achievement Award as Captain John Veentjer, Puget Sound Marine Exchange Executive Director, aboard Princess Cruises cruise vessel Sapphire Princess while berthed on Pier 66 at the Port of Seattle’s Bell Street
NAMJet to provide Traktor Jet propulsion system for the new oyster harvest vessel ‘Pacific Express 1’. Washington ship builder Penn Cove Shellfish (dba Everest Marine) has chosen Arkansas-based NAMJet to provide the propulsion system for its new oyster harvest vessel
The 3600 TEU container ship, built under the supervision of Navgathi Marine by Hyundai Sambo delivered to Pacific International Lines. Hanjin Argentina is the third of a series of four such vessels ordered by Pacific International Lines of Singapore from the S. Korea shipbuilders.