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
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
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
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
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
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
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.
According to a Reuters report, at least 45 ships delayed in Argentina, unable to load, due to a week-old strike that is delaying shipments from one of the world's biggest food suppliers. Argentina is a leading exporter of soy, corn and wheat. The pay dispute has reportedly brought soy-processing plants to a near standstill and dozens of boats and ships have been unable to load their cargoes at ports near the central city of Rosario. (Source: Reuters)
Lithuania seeks to cut dependence on Russia; Statoil to supply 0.54 bcm of gas per year. This will cover about 20 pct of Lithuania's demand. Lithuania signed its first liquefied natural gas purchase deal with Norway's Statoil on Thursday
Within the framework of the centennial celebration, the Panama Canal Administrator Jorge L. Quijano received a Maersk Line delegation led by Søren Skou, CEO of Maersk Liner Business, to provide an update on the Expansion Program and discuss the future trends in the maritime industry.
Russian oil major Lukoil has emerged as one of the first companies to buy Canadian crude re-exported from a U.S. port, shipping one cargo last month to its refinery in Augusta, Italy, data showed on Tuesday. A 445,000-barrel cargo of Canadian Sour grade loaded on the Sifnos
Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports. The firm based in Kotka, on the Gulf of Finland opposite Saint Petersburg
ECB in discussion with German supervisors; question over treatment of ship loans in health check. Compromise emerging which may involve 'haircut' on loan valuations. The European Central Bank is taking a hard line on the controversial issue of how shipping loans should be valued in a
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 10.7 percent to $1,198 per 20-foot container (TEU) in the week ended on Friday, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
Trading firm Trafigura and Abu Dhabi sovereign wealth fund Mubadala said on Thursday their Brazilian port for exporting iron ore will start this year, in response to a steelmaker with a contract to use the port that said the opening could be pushed back to 2015.
The North America Stevedoring Company (NASCO) division (Chicago) of Quebec Stevedoring says it has received a coveted award under the American Equity Underwriters Inc. (AEU) Safety Award Program. Awarded in recognition of the best performing companies in the area of health and safety among
Danish shipping company D/S Norden, one of the biggest dry bulk shipping companies in the world, said it would not make a profit this year after posting a loss in the second quarter due to low freight rates and falling demand in Asia. The firm's loss before interest, tax
Arctech Helsinki Shipyard signed a contract for building of three icebreaking stand-by vessels for Russia´s largest shipping company Sovcomflot. Vessels will be built for the North East Sakhalin Offshore region oil and gas field where they will serve the operator of Sakhalin-2
Iselle weakens to tropical storm from hurricane; More than 1,200 people head to shelters. Some 5,000 without power. Hurricane Julio set to reach Hawaii on Monday. The center of Tropical Storm Iselle made landfall on Hawaii's Big Island on Friday, bringing strong winds and heavy rain
The eye of Tropical Storm Iselle made landfall on Hawaii's Big Island on Friday with strong winds and heavy rain, the U.S. Central Pacific Hurricane Center said. The center said Iselle had weakened to a tropical storm as it moved over Hawaii.
According to the U.S. Energy Information Agency, one of the world’s oil transit choke-points is the Suez Canal, the Panama Canal being another. However, the recently announced Suez Canal expansion plans are more likely to cater for containership transits
Lerwick Harbour has again demonstrated its deep-water capacity and capabilities, this time by simultaneously accommodating two giant support vessels and the successful offloading of a 10,000 tonne subsea oil storage tank, destined for west of the Shetland Islands.
As Hurricanes Iselle and Julio approach the Big Island of Hawai'i, Liquid Robotics’ Wave Glider, named Holoholo, is swimming near Kawaihae Harbor north of Kona, in the path of the storm. Not only is the glider navigating through the impending storm, it is also tweeting photos as it develops