THE BIG ONE
Predicting when large earthquakes might occur may be a step closer to reality, thanks to a new study of undersea earthquakes in the eastern Pacific Ocean. The study, reported in today’s Nature, is the first to suggest that small seismic shocks or foreshocks preceding a major earthquake can be used in some cases to predict the main tremors. Scientists from the Woods Hole Oceanographic Institution (WHOI) and the University of Southern California (USC) report that some types of large undersea earthquakes may be predictable on time scales of hours or less. Earthquakes on land are generally not preceded by systematic immediate foreshocks and hence cannot be predicted as easily with the same methods. The research team, led by Jeffrey McGuire of WHOI, studied past earthquakes along five transform faults on the East Pacific Rise, where tectonic plates are spreading apart at a rate of more than ten centimeters or five inches a year. The team used data from sensors deployed by the National Oceanic and Atmospheric Administration’s Pacific Marine Environmental Laboratory that pinpointed the time and location of foreshocks and the mainshocks or larger earthquakes. "This is the first demonstration of good short-term predictability for big earthquakes," study coauthor Thomas Jordan of the USC Southern California Earthquake Center said. "Some scientists believe that earthquakes come on suddenly with no warning signs, and the big ones are therefore unpredictable
Most research ships don’t live to see their 40’s, and to approach 50 is almost unheard-of. But the Albatross IV is quite an exception to this maritime rule. Today, thanks to a recent overhaul at SENESCO’s repair facility in Quonset Point, Rhode Island, she is back at her home base in Woods Hole, Massachusetts preparing to head back out to sea for another 5-7 years of ocean exploration. The Southeastern New England Shipbuilding Corporation (SENESCO) began its a major overhaul on the
Iran Makes $100 B Oil Find, Major Companies Compete For Big Deals Iran announced its biggest oil find in 30 years last week, a 26-billion barrel field discovered just as the country drives to revive exploration activities and foreign firms compete for big deals. Oil Minister Bijan Zanganeh said the oilfield in the prolific southwest Khuzestan province has the potential to produce up to 400,000 bpd. He said that development on the field, which is close to the Iraqi border
A new, bigger shipbuilder was unveiled in Dalian recently, as part of the restructuring of the city's shipbuilding industry, ShanghaiDaily.com reported. Dalian Shipbuilding Industry Co was formed by the merger of Dalian Shipyard Co and Dalian New Shipbuilding Heavy Industry Co. Dalian Shipyard, with more than a 100-year history, used to be one of China's big military shipbuilders. Dalian New Shipbuilding, established 15 years ago, was one of the country's biggest shipbuilders
The term short-sea shipping comes up aplenty these days, as the powers-that-be rediscover the practicalities and the economies of waterborne transport. The thinking is renewed and the interest revitalized, but for a lot of harbors nationwide it's deja vu. Take the island city of New York, and the multitudes of communities near and far that are joined to it by inland waters—the rivers, sounds, creeks, streams—all the way up to Albany, to Waterford and the Canal system
The CMA CGM Group announced the signature of three major agreements on the biggest worldwide maritime trades with China Shipping Container Lines (CSCL) and United Arab Shipping Company (UASC). Under the name of Ocean Three, the agreements; which include a combination of vessel sharings, slot exchanges and slot charters; concern the following maritime trades: Asia-Europe, Asia-Mediterranean, Transpacific and Asia-United States East Coast.
Aker Yards has signed a contract worth $69 million to build an Anchor Handling Tug Supply Vessel (AHTS) for Farstad Supply AS, to be delivered in the summer 2007. Farstad Supply AS is wholly owned by Farstad Shipping ASA. The new vessel will be the most advanced within the Farstad-fleet. The 27,500-hp vessel will be one of the biggest and most advanced vessels within its segment.
TUI AG has ordered eight container ships to expand its shipping division, AFX reported. The company said 11 Boeing 787 Dreamliners from a previously announced order and 12 jets ordered by merger partner First Choice Holidays will create 'one of the biggest 787 fleets with the earliest delivery dates in Europe.' TUI in December said it had outstanding orders for 65 Boeing aircraft, including 24 previously ordered planes. Source: AFX
In his 47-year Congressional career, former Congressman Jim Oberstar has received many honors. But few are as big – literally – as the announcement that The Interlake Steamship Company will rename and rechristen one of its massive ships the MV Hon. James L. Oberstar this spring. The vessel will sail from layup in March as the MV Hon. James L. Oberstar, and will be rechristened in a ceremony at Duluth later this spring.
Shipbuilding industry in China has growth potential, may double in 4-years China's shipbuilding industry may double its scale in the next four years on growth potential in sea transport and marine economy, and Shanghai is expected to play a big role toward meeting the goal. By the end of 2015, the market size of shipbuilders and marine equipment makers may hit 1.2 trillion yuan (US$190 billion) with the value of exports touching US$80 billion
Japanese shipbuilding and maritime transport company Tsuneishi Holdings has expressed a commitment to invest up to $40 million to open ship repair services in Indonesia, reports The Jakarta Globe. The Hiroshima Prefecture-based company plans to invest US$40 million in a
Tall ship sailing specialist Star Clippers has announced that it has started building a fourth ship to add to its fleet of graceful square-riggers; its first new-build since the launch of Royal Clipper in July 2000. The new vessel, yet to be named
Shreyas Shipping and Logistics swung to a net profit of Rs. 61.75 crore (about $9.6 million) in the fiscal year ended March 31, a big turnaround from its loss of Rs. 4.32 crore ($675,000) in the previous year. According to Rajesh Desai, CFO, Shreyas Shipping
Italy-based classification society RINA informs it has launched a ferry safety initiative. The Asset Integrity Management scheme for ro-pax ferries covers fire risk mitigation, single-failure risk assessment, enhanced planned maintenance and condition-based monitoring and also food
The North Sea oil and gas industry has been urged to buck the trend and prepare for growth in the near future. Attendees at an event organized by subsea intervention and commercial diving specialists K.D. Marine in Aberdeen recently, heard an upswing in oil price was imminent and
Brazilian miner Vale has completed the sale of four other large iron ore carriers to China Ocean Shipping Company (Cosco), which was agreed last September. This transaction is related to the agreement signed with Cosco on September 12, 2014.
British oil major BP and China’s Sinopec Fuel Oil have formed a marine fuels bunkering joint venture (JV), BP Sinopec Marine Fuels Pte Ltd. Under the deal, the 50-50 percent joint venture, BP Sinopec Marine Fuels Pte Ltd
B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia's Petronas, for a liquefied natural gas development on the province's northwest coast. Hailed as “the largest capital investment in B.C
Online registration is now open for the SHIPPINGInsight 2015 Fleet Optimization Conference & Exhibition. Now entering its fourth year, SHIPPINGInsight is an annual maritime technology forum in North America that brings together shipping companies, classification societies
HSH Nordbank AG, the world’s second-largest financier of ships, plans to split off a "bad bank" for non-performing shipping loans as part of a plan to create a sustainable business model, reports Reuters. The city of Hamburg was willing to inject billions of euros in
International Longshore and Warehouse Union members have ratified a five-year contract governing pay and work rules at 29 West Coast ports, including those of Los Angeles and Long Beach. Mayor Eric Garcetti made the following statement regarding the ratification of the port labor
German solar manufacturer SolarWorld will apply to the United States for an extension of duties on Chinese panel imports that are due to end this year, weekly Euro am Sonntag said. Chief Executive Frank Asbeck justified his intention by saying Chinese panel makers would still receive
The Vietnam National Shipping Lines (Vinalines) and the Ministry of Transport (MOT) hope the plan to reduce the state’s ownership ratio in the big shipping firm to 36 percent will help restructure the business. It has finalized an overall plan for the development of its
Norwegians are seafarers, with maritime and offshore oil and gas tightly woven into the DNA of this population of more than five million. On the eve of Norshipping 2015, which is personally my twelfth Norshipping since 1993, the Norwegian Shipowners Association (NSA) released its annual
A second sea lion rescued from along California's oil-fouled coastline near Santa Barbara has died at SeaWorld San Diego, where veterinarians are still caring for 15 surviving marine mammals brought in for treatment, a spokesman said on Tuesday.