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
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
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.
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 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
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
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
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
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
New policies making it easier for foreign-flagged vessels to explore the coastlines of Australia have lead DYT Yacht Transport (DYT) to schedule its largest semi-submersible yacht carrier, the 686-foot (209-metre) Yacht Express, to deliver yachts to the South Pacific
A number of environmental groups are asking the Department of the Interior to rescind permission Shell has been granted to begin exploratory drilling in the Arctic this summer because the company's plan would not protect the walrus.
Matson Increases quarterly dividend by 5.9 percent to $0.18 per share The board of directors of Matson, Inc., a U.S. carrier in the Pacific, today declared a third quarter dividend of $0.18 per common share. The dividend represents a one-cent increase, or 5
Seatronics Ltd, an Acteon company and part of its survey, monitoring and data business, has promoted Derek Donaldson from vice president Asia Pacific to vice president global operations. Donaldson enters into a new position within the Seatronics Group management structure
Today, the Panama Canal has taken yet another step forward toward the completion of the Canal Expansion Program as it begins to fill the Cocoli’s locks, on the Pacific side, following a similar and successful endeavor on the Atlantic side earlier this month
Authorities in Panama began on Monday filling up the Panama Canal's new Pacific locks. Water for the locks is coming from Miraflores Lake, the Panama Canal authority (ACP) said. Three electric pumps will each move 30,000gl of water per minute and 15 diesel pumps 7
The Nicaragua canal project, which is being built by Chinese billionaire Wang Jing and his Hong Kong-based Hong Kong Nicaragua Canal Development Investment Co. (HKND Group), is not a threat to Panama, but a complement to the demand of world maritime trade, says the president of Nicaragua
Marine engineering company Atlantic Pacific Marine (APM) informs it has opened a new site in Fort Lauderdale, Fla. to meet an increasing workload and customer base following another year of success and growth. APM is headquartered in Cardiff, U.K
Gibraltar-based ship repair company Gibdock informs it has built up a close working relationship with Solstad Offshore, with a number of the Norwegian operator’s specialist offshore craft being repaired at the yard over the past few years
A subsidiary of Singaporean conglomerate Keppel Corp Ltd said it signed a 15-year contract with the International Seabed Authority to search the ocean for scarce minerals. The push to explore the ocean is gaining momentum as ore grades on land decline and demand grows for metals in
Russia plans to cut oil exports by pipeline and oil transit by 0.6 percent to 52.5 million tonnes in the third quarter, quarter-on-quarter, trade sources citing a loading schedule said on Tuesday. The sources, who spoke on condition of anonymity
This year's WISTA USA Annual General Meeting (AGM) brought together more than 120 maritime industry professionals from across the United States and around the world. Declared a major success by WISTA USA president, Alexandra Anagnostis-Irons (president, Total Marine Solutions)
Tropical storm Carlos threatened Mexico's Pacific coast with heavy rain on Monday as it churned west near the port of Lazaro Cardenas, and it is forecast to become a hurricane again by early Tuesday, the U.S. National Hurricane Center said.
In response to market demand, members of the G6 Alliance today announced service enhancements in the Asia – North America (Pacific Southwest) trade. Service Enhancements Central China 2 (CC2) Service – Additional Pusan call
The Canadian government has approved TransCanada Corp's proposed C$1.7 billion ($1.38 billion) North Montney Mainline natural gas pipeline that would connect natural gas fields in northern British Columbia with a Pacific Coast export terminal.