Marine link
 

THE BIG FOUR

Banks Won't Fund Coal Port Expansion near Reef

Germany's largest bank, Deutsche Bank AG, has declared it will not finance a controversial coal port expansion in Australia near the Great Barrier Reef, responding to calls from environmental groups and tourism operators. HSBC, Europe's biggest bank, also signalled on Friday it would be unlikely to finance the project. Deutsche Bank's stand marks a win for those opposed to $26 billion worth of coal projects that plan to use the Abbot Point port, already facing delays due to weak coal prices. But one company involved said the bank's position made no difference. "This doesn't impact our proposed projects in any way," Indian firm GVK Hancock spokesman Josh Euler said. Green groups and marine operators fighting to protect the World Heritage-listed reef took their campaign to Europe this week, urging Deutsche Bank, Societe Generale and HSBC not to back the Queensland coal projects. They want to stop a government-approved expansion of Abbot Point that would involve dumping 3 million cubic metres of dredged soil about 25 kilometres (15 miles) from the Great Barrier Reef, an issue that is also of concern for UNESCO's World Heritage committee. Campaigners against the Abbot Point expansion failed to win support from Societe Generale on Tuesday, according to their web site, but were successful at Deutsche Bank's annual meeting on Thursday. (http://www.marketforces.org.au/europecoalfinance)


Lloyd's Register Foundation Funds Big Data Study

Towards data-centric engineering

  The Lloyd’s Register Foundation today launched its Foresight review of big data and announced a conditional grant offer of £10 million to support research by the Alan Turing Institute on engineering applications of big data. The Foundation’s Foresight review of big data: towards data-centric engineering, looks forward at how developments in the area of big data might impact the safety and performance of the engineering assets and infrastructure on which modern


First Phase Completed at Changxing Shipbuilding Base

The first phase of the Jiangnan Changxing Shipbuilding Base has been finished and is already in operation on Changxing Island, Shanghai. Built by the China State Shipbuilding Corporation (CSSC), it has three production lines and four boatyards capable of holding 300,000-ton ships. Almost unparalleled in the world, it is the biggest shipbuilding project ever to be undertaken in China. Shanghai has the potential to be the world's largest shipbuilding base.


J. Ray McDermott’s Mid-East Lay Barge

Since 1960, J. Ray McDermott's Middle Eastern facility has fabricated and installed over 630 structures, 330,693ST of steel, and has installed over 2,610 miles of pipeline throughout the Arabian Gulf, Egypt, India, the Caspian, Africa and the North Sea. Recently they have upgraded one of the assets that make these remarkable numbers possible. The firm’s Derrick Lay Barge-27, owned by Hydro Marine Services but operated by McDermott, now has an impressive set of specifications


MacGREGOR Signs Offshore Orders

During November MacGREGOR won offshore equipment orders with a total value of over $73.5 million (50 million euros); the equipment will be delivered during 2009-2010 Offshore equipment orders recently signed by MacGREGOR’s Offshore division include the single biggest order in the history of the newly acquired Norwegian company Hydramarine AS. This is for two Hydramarine active heave compensated (AHC) cranes for an offshore vessel being delivered in 2010 to a Norwegian shipowner


Len celebrates 100th on the Ship Canal

Len Jones (2nd left) at QEII Dock with (l-r) former colleagues Jim Cordiner, David Ogilvie, Ray Howells and current Ship Canal general manager Dean Hammond.

Len Jones was born in 1911, the coronation year of King George V and the year the Titanic was launched at Harland & Woolf in Belfast. During his lifetime there have been four British monarchs, 19 Prime Ministers, two World Wars and the break up of the British Empire. Women have won the vote, man has landed on the Moon and the world has seen the invention of television, computers, the internet, mobile phones and SatNavs.


Cargill Dumps Shipping Arm

Cargill has announced a change in shipping strategy, following the sale of its last four remaining Panamax bulk-carriers, and from here on will charter in ships for all its cargo requirements. "The widespread trend towards consolidation and size within the ship owning segment implies one either gets bigger or scales back," said Vice President of Cargill International Tom Intrator in a statement. "And in our case we have chosen the latter."


UAE: Jebel Ali Port Handles Simultaneous Visits by Mega Ships

Jebel Ali Port Handles Simultaneous Visits by Mega Ships

For the second time in a week, global marine terminal operator DP World welcomed and simultaneously handled two mega container vessels at its flagship Jebel Ali Port, reinforcing its relentless efforts and capability to continuously meet customers’ demands. The ships, MSC Beatrice and MSC Lauren, sailed in within 10 hours of each other, barely a week after the MSC Daniella and the MSC Bettina. All the four vessels are owned by Geneva-based Mediterranean Shipping Company (MSC) and


Smart Shipping 2011: A Different Viewpoint

Wilhelmsen Ships Service’ (WSS) was a sponsor of last month’s Smart Shipping event in Singapore, with Business Director Ships Agency Frederic Fontarosa describing it as an ‘essential conference for the industry which is certain to root itself firmly in the international maritime events calendar’. Held  from 17-18 October at the Four Seasons hotel, the event was attended by over 170 delegates representing over 40 of the world’s leading shipowners


ROV Saab Seaeye Panther Bests Persian Gulf Currents

Saab Seaeye Panther XT Plus: Photo credit Saab Seaeye

Abu Dhabi-based, CCC (Underwater Engineering), saves on operational costs with Saab Seaeye Panther XT Plus ROV. “Its ten-thruster power easily overcomes the four-knot currents,” says CCC’s ROV Manager, Tavis Letherby, “and having two powerful Schilling manipulators to hand is a combination that stands out from everything else.”  He finds that 90 per cent of the tasks normally undertaken by CCC’s 150 HP hydraulic work-class ROVs is now possible


Baltic Index up on Higher Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities inched up on increased rates for bigger vessel segments.   The index, which factors in average daily earnings of capesize, panamax, supramax and handysize dry bulk transport vessels


Box Ship Oversupply Stoking Trouble

Source: Drewrys Container Forecaster

Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research.   Drewry forecasts another year of excess growth in relation to


IOM Reports 41 Drowned Migrants in Mediterranean

Forty-one boat migrants reported drowned in Mediterranean - IOM   Forty-one people have drowned in the Mediterranean trying to reach Italy by boat from Libya, four survivors said when they arrived at the Sicilian port of Trapani, according to the International Organisation for Migration


Baltic Index Perks up on Increased Rates for Bigger Vessels

The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, edged higher on Thursday as rates for bigger vessels rose.   The overall index, which factors in average daily earnings of capesize, panamax


USCG Rescues 4 from Capsized Vessel

A rescue crew from U.S. Coast Guard Station Sandy Hook, New Jersey saved four people after their 20-foot pleasure craft capsized near the Shrewsbury River Entrance, off of Sea Bright, New Jersey, Sunday. At approximately 3:30 p.m., watchstanders at Coast Guard Station Sandy Hook received a


Iran and India to Revive Shipping Joint Venture

Image by Islamic Republic of Iran Shipping Lines

 Irano Hind Shipping Company, a joint venture between Shipping Corporation of India (SCI) and Islamic Republic of Iran Shipping Lines (IRISL) which was dissolved in the face of the US-led anti-Iran sanctions, could be revived, reports Livemint.  


4 Chaplains Foundation Recognizes Helix CEO

LR George DuBois; Capt. Tom Allen, U.S. Coast Guard Sector Jacksonville; Joanne Stopke; Art Thomas; Lisa Eckley-Thomas; Rear Adm. John Korn, Commander U.S. Coast Guard 7th District; retired Capt. Louis Cavaliere, U.S. Navy;

  On Thursday, March 19, 2015, Arthur H. Thomas, Sr., president and CEO of Helix Alliance, Inc., received the Chapel of Four Chaplains Legion of Honor Award. The award was presented by retired Capt. Louis Cavaliere, U.S. Navy, chairman of the Four Chaplains Memorial Foundation


Australia's Port Hedland Iron Ore Exports to China Rise

Port Hedland: Pilbara Ports Authority

 Iron ore shipments to China from Western Australia's Port Hedland, the world's biggest terminal for shipments of the steelmaking raw material, rose 3.3% from February to 31.2 million mt in March.    While the rise is partly attributable to fewer shipping days in February


Cosco to Order 10 Triple-E Megaships

Cosco ship: China Shipbuilding Industry Association

 China's shipping and ports giant China Cosco Holdings is planning to order at least 10 Triple-E megaships capable of moving 19,000 containers apiece as the shipping and port giant seeks to dominate major ocean trade routes, The Wall Street Journal reported, citing unnamed sources.  


Murray & Associates Hosts 4th Fishing Challenge

Photo courtesy of Murray & Associates

A group of industry professionals from the commercial maritime sector gathered in Fort Lauderdale, Fla. on March 28 to participate in Murray & Associates LLC’s 2015 Fishing Challenge.   The naval architect and marine engineering group hosted the tournament for the fourth


IFC Plans $2 bln Investment in Egyptian Infrastructure, Power

 The World Bank's development arm plans to invest between $1.2 billion and $2 billion in Egypt over the next four years, including around the Suez Canal, its regional director told Reuters. The International Finance Corporation is looking at ports and logistics projects, Mouayed Makhlouf


Statoil Reports GoM Oil Discovery

The Maersk Developer drilling rig. (Photo: Jonathan Bachman - AP - Statoil)

Statoil has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico (GoM), the company announced today.   “The Yeti discovery expands the proven sub-salt Miocene play further south and west of the Big Foot field,” said Jez Averty


Garamendi Calls for US Shipbuilding Revitalization

Were going to build in America and Make It In America one ship, two ships, one hundred ships at a time, Garamendi said at Bay Planning Coalition Meeting.

Congressman Garamendi Makes Case for Revitalization of American Shipbuilding Industry and American Jobs at Bay Planning Coalition Meeting in Oakland   Today, Congressman John Garamendi (D-Fairfield, Calif.), the Ranking Member of the House Committee on Transportation and


Milaha and UACC Mull Tanker Fleet Merger

Image: United Arab Chemical Carriers Ltd. (UACC)

 Qatar Navigation (Milaha) is in talks with United Arab Chemical Carriers Ltd. (UACC) in the United Arab Emirates (UAE) regarding a possible combination of their respective product and chemical tanker businesses.     Currently Milaha operates two chemical tankers and UACC has


Baltic Index Inches up on Higher Vessel Activity

  The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities edged higher on increased activity for bigger vessel segments.   The index, which factors in average daily earnings of capesize, panamax






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright