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
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
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
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)
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
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
China Navigation Co (“CNCo”), the deep sea shipping arm of the Swire group, having held a minority shareholding of 13% in Polynesia Line Ltd (“PLL”) since 1979, has purchased all the remaining shares in the line. CNCo has been an active and committed shareholder in PLL for the last 34 years and is fully committed to ensuring that the Line continues to serve the needs of its strong and loyal customer base in the South Pacific
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
Port Officials and Wallenius Wilhelmsen Logistics (WWL), on the eve of WWL’s 26th anniversary at the Port, executed a fifth modification of its 1991 contract extending its agreement for an additional five years through December 31, 2018.
Elliott Bay Design Group's Jim Cole can now add book author to his long list of accomplishments in the field of naval architecture and marine design. The Naval architect and fishing vessel expert recently appeared at Seattle's Pacific Maritime Expo to autograph copies of his new book
Marine Propulsion Systems, a business unit of ZF Friedrichshafen AG, shared at the sidelines of Marintec China 2013 that China continues to be a key focus for the company and shared plans to strengthen its footprint in the market. ZF Marine has been in China since 2006 and currently operates a
To serve its growing commercial maritime customer base in the Asia-Pacific region, KVH Industries, Inc. said it has doubled the service delivered by the JCSAT-1B satellite, which is part of KVH’s mini-VSAT Broadband network. This additional capacity, available as of last month
The growth in crude production in the Atlantic Basin will have a profound impact on regional crude supply/demand balances. According to PIRA Energy Group, a sizeable crude surplus will develop within the region, and crude will be forced to seek markets elsewhere
‘We are still in a challenging market - Asia is no exception, says new VP for WSS Asia Pacific Regional Vice President Asia Pacific, Neal De Roche says Wilhelmsen Ships Service (WSS) remains focussed on providing innovative solutions to client needs.
The company's Brisbane hub, aimed to serve Australia, New Zealand and the Pacific, will provide warranty services, maintenance, training and spare parts, having been recently opened by the Honorary Consul of the Kingdom of the Netherlands, Captain Kasper Kuiper.
'USNS Mercy' had been ordered to prepare for sea and a deployment to support disaster relief efforts as part of Operation Damayan, but that order has been rescinded following a dramatic improvement in the provision of other medical facilities in the Philippines.
Today in U.S. Naval History - November 27 1941 - Chief of Naval Operations sends "war warning" to commanders of Pacific and Asiatic Fleets. 1961 - Navy reports first use of its cyclotron at Harvard University to treat a human brain tumor
Russian energy company Gazprom takes a look at its marketing policy in the international markets of small & large-scale LNG supply in line with its updated LNG production and supply strategy, and decides to focus on the Asia-Pacific market.
Tognum's new enlarged Asia-Pacific headquarters in Singapore will consolidate the areas of application engineering, sales and service support, distribution management, marketing and communications under one roof, bringing together all business functions and over 300 staff members into one new
Hong Kong's Orient Overseas Container Line (OOCL) says it has once again attained certification on the integrity and disclosure of its 2012 environmental data by adopting Clean Shipping Index (CSI) verification standards. OOCL was accredited the Verification Certification after an audit conducted
Fugro Voyager, a purpose built DP2 geotechnical drilling vessel, is entering service with Fugro’s Offshore Geotechnical Division to expand its operations in the frontier areas of the Asia Pacific region. Specifically designed and built to address the varied demands of the region’s
Harkand has increased its presence in the burgeoning Asia Pacific region by securing a clutch of multimillion dollar contracts for execution in 2013/14. Under a deal with PTSC Offshore Services, the ROV support vessel Harkand Harmony has been deployed on its first charter since joining the fleet
Frank Foti, CEO & President, Vigor Industrial LLC, will deliver the Boatyard Day Keynote Address on the "Resurgence of the Pacific Northwest Maritime Industry" at 3 p.m. on Thursday, November 21, during the 2013 Pacific Marine Expo