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SCOTCH CAP

This Day in U.S. Coast Guard History - April 1

1897- Federal Civil Service rules were applied to Life-Saving Service (under Executive Order May 6, 1896).   1916-The official birthday of Coast Guard aviation.  On this date LT Elmer F. Stone reported to Pensacola Naval Air Station for flight training.  He was the Coast Guard's first naval aviator.   1945- Invasion of Okinawa in the Ryukyu Islands commenced.  In all, seven Coast Guard-manned transports, 29 LSTs, the cutters Bibb and Woodbine, and 12 Coast Guard-manned LCI(L)s participated in the bloodiest invasion ever undertaken by the U.S.  Over 13,000 Americans were killed and another 36,000 were wounded during the conquest of this Japanese possession.   1946- A tsunami swept away the light station at Scotch Cap, Alaska, killing the station's entire five-man crew.  They were: BMC Anthony L. Petit, MoMM 2/c Leonard Pickering, F 1/c Jack Colvin, SN 1/c Dewey Dykstra, and SN 1/c Paul James Ness.   1967- On April 1, 1967, the Coast Guard ended its 177-year association in the Treasury Department to enter the newly-created Department of Transportation when President Lyndon Johnson signed Executive Order 167-81.  The Coast Guard was the largest agency in the new department.   1984-The CGC Gallatin made the largest maritime cocaine seizure to date when it boarded and seized the 33-foot sailboat Chinook and her crew of two.  A boarding team had discovered 1,800 pounds of cocaine stashed aboard the sailboat.


Hamburg Süd Christens New Containership

Together with customers and business partners, Hamburg Süd yesterday celebrated the christening of its containership Cap San Lorenzo at the Exolgan Terminal in Buenos Aires. The Cap San Lorenzo is the fourth containership in a series of six newbuilds for the company in the new Cap San class.  All ships in this class have a nominal slot capacity of 9,600 TEU and are some of the largest ships belonging to the shipowning group


Spill Recovery Equipment Caps to Increase

Effective April 5, the USCG will increase the requirements for on-water oil recovery capability for tank vessel and facility response plan holders by 25 percent. The so-called response capability "caps" address the volume of equipment a plan holder is required to ensure available by contract or other approved means. The caps ? meant to facilitate the cascading of response resources to a spill scene within the first 72 hours of an incident ? do not relieve a vessel owner of the statutory


Euroseas Ltd. Announces Acquisition of Containership

Athens, Greece - Euroseas Ltd., an owner and operator of dry bulk carriers, containerships and multipurpose vessels and provider of seaborne transportation for dry bulk and containerized cargoes, announced today that its joint venture, Euromar LLC ("Euromar"), signed a memorandum of agreement to purchase the M/V Cap Norte , a gearless containership of 41,850 dwt and 3,091 teu, built in 2007 in Poland. M/V Cap Norte comes with a three-year time charter at about $17


Airborne Oil Spill Response System May Take Off

Oil Spill Containment System: Image credit Scout Exploration

An investment research report draws attention to Scout Exploration, Inc. developers of a unique airborne oil spill technology response system. The system is designed to contain offshore and shoreline oil spills, of which there are hundreds every year, ranging from tens of millions of gallons to millions of barrels of oil in size, causing up to tens of billions of dollars' worth of ecological and business damages. Through a recent transaction


Hamburg Süd Christens “Cap San Antonio”

(l. to r.) Hervé Martel, Prof. Dr. Stephan Schüller, Dr. Arnt Vespermann, Veronika Schüller (Sponsor), Uwe Köhler, Edouard Philippe

On Friday, Hamburg Süd celebrated the christening of its container ship “Cap San Antonio” at the Cruise Terminal of Le Havre, France, with customers and business partners. The sponsor is Veronika Schüller, wife of Prof Dr Stephan Schüller, Chairman of the General Partners of Bankhaus Lampe KG. The “Cap San Antonio” is one of a series of six new ships of the “Cap San” class built for Hamburg Süd at the Korean yard Hyundai Heavy


Detroit Diesel Recognizes Top Suppliers of 2000

Detroit Diesel Corporation (DDC) announced its top suppliers for the year 2000 as measured by its supply chain management program, Continuous Customer Value Improvement (CCVI). DDC evaluates major suppliers quarterly regarding quality, delivery, cost and technical support, with the goal of waste elimination. The three providers named DDC 2000 CCVI Supplier of the Year were Motorola’s Automotive and Industrial Electronic Group (AIEG), Ferry Cap & Set Screw Company and Vibratech.


BP to Burn Off Some Collected Oil

According to a June 10 report from Reuters, BPwill begin burning up to 10,000 barrels a day of oil from its Gulf of Mexico leak possibly as early as Monday, June 14, a company executive said. The British energy giant is collecting oil spewing from its blown-out seabed well through a containment cap and plans to test a second system to capture more oil over the weekend, Kent Wells, BP's senior vice president of exploration and production, said in a telephone briefing


Director Watson Leads Deepwater O&G Containment Exercise

Director Jim Watson

As part of the Obama administration’s ongoing efforts to strengthen the oil and gas industry’s ability to respond in the event of a deepwater blowout and ensure that offshore oil and gas production can continue to expand safely and responsibly, Bureau of Safety and Environmental Enforcement (BSEE) Director Jim Watson launched an unannounced exercise to deploy critical pieces of state-of-the-art well control equipment to the ultra-deep seabed of the Gulf of Mexico.


Underwater PBCF Installation in South Korea

Photo: Hydrex

Last month Hydrex installed Propeller Boss Cap Fins (PBCF) on a 289-meter tanker during the vessel’s stop in Mokpo, South Korea. A Propeller Boss Cap Fins (PBCF) can recover energy loss of a propeller hub vortex in the propeller’s backward flow. This decreases fuel consumption by 5% when operating at the same speed, or boosts speed by 2% with the same fuel consumption. A clear explanation of the benefits of installing a PBCF can be found here.


Dry Bulkers in An Overwhelming Disappointment

Table Source: Allied Shipbroking Inc

 Dry bulkers have been an overwhelming disappointment with the year coming to an end, while on the other side of the coin we have the tanker market that has not only kept its positve momentum but managed to outpace what most had expected thanks to low crude oil price


Cairn Confirms Successful Senegal Appraisal

The results help to confirm the overall scale and extent of the resource base in Senegal and further appraisal activity is expected to lead to future revision of the estimates. Courtesy Cairn Energy

  Cairn informed that the successful testing of the SNE-2 appraisal well offshore Senegal with positive results. Operations have been safely and successfully completed following drilling, coring, logging and drill-stem testing (DST). The well is now being plugged and abandoned.


Oil Prices Fall to New 12-year Lows

Global oil prices plummeted to 12-year lows on Monday, with U.S. crude futures falling to the lowest since late 2003, as traders cited fears over slowing demand in China and a growing inventory glut.   The move was exacerbated by U.S. stocks turning negative late morning


Safety Milestone for Maydon Wharf Infrastructure Upgrade

Photo: TNPA

Transnet Capital Projects (TCP) – which is overseeing Transnet National Ports Authority’s project to reconstruct the quay walls and deepen berths at Maydon Wharf – recently achieved a safety milestone of 1,000,000 man hours without a lost time injury (LTI) on the reconstruction


The Economic Cost of a Warming Arctic: $43 trillion

The village of Qannaaq, Greenland, in the Arctic, is built on permafrost. Photo Credit: Andy Mahoney/NSIDC

 Greenhouse gas emissions from thawing Arctic permafrost could result in an additional $43 trillion in economic impacts by the end of the twenty-second century, according to a new study by researchers from the University of Cambridge and the U.S. National Snow and Ice Data Center (NSIDC)


World Carbon Debate Must Consider Great Lakes Shipping

CSL Groups Trillium Class vessel Thunder Bay, pictured here in Port Colborne, Ontario, regularly travels through the St. Lawrence Seaway to Great Lakes ports. (Photo: Thies Bognor; Supplied by CSL Group)

As the debate continues both at home and abroad on carbon offsetting measures, the Chamber of Marine Commerce is urging stakeholders and governments to consider the environmental advantages and the competitive challenges faced by the Great Lakes-St. Lawrence shipping industry.  


Singapore Offers Funding to Build LNG Vessels

Image: MPA

 Singapore Offers Funding to Build LNG Vessels   Port of Singapore offers S$12 million funding for building of LNG-fuelled vessels as Singapore advances LNG bunkering efforts to meet future demand   The Port of Singapore, regarded as a leading bunkering hub


LNG Shipping Under Pressure from Tumbling European Re-exports

LNG re-exports by European countries. Source Drewry Maritime Research

  LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet. Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates


Hapag Lloyd IPO Goes Ahead, Priced at Low End of Revised Range

Photo: Hapag-Lloyd

German shipping group Hapag-Lloyd priced its initial public offering (IPO) at the low end of a revised range, giving the group a market capitalisation of about 2.4 billion euros ($2.6 bln) or less than half the original target. Hapag-Lloyd shares were sold at 20 euros ($21


EuronavSells Suexmax Cap Laurent

Photo: Euronav

Euronav NV announced the sale of its Suezmax Cap Laurent for $22.25 million. The 1998-built 146,145-dwt vessel was wholly owned by Euronav.    The vessel was delivered to its new owner on November 26, 2015.   The capital gain on that sale of about $11


TCC, USC Join Forces to Cut Emissions

Courtesy TCC

  Leading Hong Kong ship-owner Tai Chong Cheang Steamship Co. (TCC) and the University of Southern California’s Viterbi School of Engineering (USC) announced a significant research breakthrough aimed at tackling harmful ship-source emissions today.


China Ramping Up Ship Emission Controls

China will introduce tough controls on ship emissions at three key port areas from January to reduce sulphur dioxide which results in acid rain, causing respiratory difficulties and sometimes premature death, said the Ministry of Transport.


Harding Initiates Its Cruise Comeback

Photo: Harding

Harding has been awarded contracts to deliver lifeboats, tender vessels and davits to a major cruise line.   Out of the cruise segment since 2013, SOLAS leader Harding used the timeout to rethink its relationship to cruise owners and shipyards


HMAS Melbourne Seizes $64 million of heroin

HMAS Melbourne has struck a third time against the trafficking of narcotics in the Middle East Photo  RAN

  HMAS Melbourne has struck a third time against the trafficking of narcotics in the Middle East confiscating another 216 kilograms of high-grade heroin worth an estimated $64 million. The seizure takes the Royal Australian Navy’s narcotics haul since February 2014 to over 5 tonnes


Fastnet Appoints Non-executive Director

  In line with the Company's strategy to acquire companies or businesses in the healthcare sector, Fastnet has appointed Mr. Harry Stratford as a Non-Executive Director with immediate effect.   Harry has over 40 years' experience in the pharmaceutical industry and has built two






 
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