Board approves move to temporary headquarters at 4801 Airport Plaza Drive. The Port's administrative staff of about 350 people is expected to move to Airport Plaza in 2013. The Board stressed that the move is temporary, and that discussions will begin soon on building a permanent headquarters in or near downtown Long Beach. "I am relieved that we have identified a secure, temporary home," said Board President Susan E. Anderson Wise. “Regardless of what address we have, this Port will continue to be a leader in the shipping industry.” Wise, and commissioners Rich Dines, Doug Drummond and Nick Sramek voted in favor of purchasing the Airport Plaza building. Board Vice President Thomas Fields voted against. The purchase price for the vacant building, which was once occupied by the Boeing Corp., is $14.25 million. The Port expects to spend another $9 million in renovations. The closing date for escrow is December 27. The current Port Administration building at 925 Harbor Plaza, built in 1959, is overcrowded and does not meet today’s seismic standards. The Harbor Commission has placed a priority on moving the Port staff out of the current location because of overcrowding and safety concerns.
El Paso Corporation issued a statement responding to the unusual trading activity in its stock. "The death of our corporate treasurer, Charles Dana Rice, has been a great loss to our corporation and to me personally," said William A. Wise, chairman, president, and chief executive officer. "This is a tragic event for our company; however, the market reaction is unwarranted. We announced a comprehensive repositioning plan last week and are making good progress in implementing this plan
Titanium Industries, Inc. (T.I.) announced the recent opening of a new sales office in Duisburg, Germany. This new facility is an integral part of T.I.'s global growth strategy with specific focus on the European Market including expansion on the continent. T.I. currently has existing international locations in Sao Paulo Brazil, Montreal Canada, Birmingham England, Bergen Norway, Taipei Taiwan, Shanghai China, and Bangalore India. In addition, T.I. has nine U.S. locations.
The worldwide submarine market space is expected to increase from a value of USD 22.9 billion in 2015 to USD 36.6 billion by 2025, posting a CAGR of 4.78% over the forecast period, says a report by by Strategic Defence Intelligence (SDI). North America is expected to dominate the market, with APAC and Europe following after. The USA is the country that spend the most on the military, with a cumulative spending of USD 112.2 billion over the next ten years.
India's largest domestic ship liner Great Eastern Shipping Company today reported a 45 percent jump in its consolidated net profit to Rs 323.67 crore ($50 million) for the quarter ended June 30, on the back of higher income. Sales during April-June rose 17 percent to 947 crores versus 808.2 crores. GE Shipping's finance costs fell to 69.9 crore rupees compared with 75.3 crore rupees earlier. Segment wise, shipping sector contributed Rs 563
BATS Technology Delivers the Throughput, Optimization, and Stronger, Higher Reliability Broadband Connections Passengers and Crew Demand. MTN Satellite Communications (MTN) announces BATS has entered into an exclusive partnership with MTN to market the Broadband Antenna Tracking and Stabilization (BATS) system to the cruise, ferry and large yacht markets. This end solution is a hybrid network service, leveraging both satellite and terrestrial broadband
The 14th Annual California Maritime Leadership Symposium, slated to take place February 19-20 at the Sacramento Convention Center, attracts key members from California’s State Legislature and representatives from California’s ports and the maritime industry. The symposium aims to encourage productive dialogue among maritime industry leaders and communicate port needs to California decision makers. The symposium is hosted by a broad-based coalition of the maritime industry
Dubai Maritime City (DMC) announced its partnership jointly with Sharaf Investments and Al Ali Property Investment (API) to develop “The Dolphin Residence” within the City, into a high-end Freehold mixed use development complete with offices, private residences, a four star hotel, shopping mall, mosque, parking lot and leisure facilities. The partnership deal was signed by Khamis Juma Buamim, Chairman, Dubai Maritime City; Sharafuddin Sharaf
For the past two years, the Greater Washington Chapter of the Surface Navy Association (SNA) has conducted a campaign to assist our wounded shipmates recovering at the in More than 800 DVDs for the Sailors and marines were collected to enjoy during their recuperation. The following year SNA collected funds and donated 155 portable DVD players. This year the organization want to do something meaningful for those of our shipmates limited in their ability to get out
With TBT paints on the endangered list due to environmental concerns, shipowners must find an alternative method to keep ships coated and efficiently clean. Jotun believes it has the answer. Bringing her first cargo to Europe following completion by Samsung Heavy Industries, the 306,000-dwt British Pioneer has given new expression to environmental-consciousness in the crude oil transportation sector. While the security of her 2
Statoil informs it was today awarded four licenses offshore the Nicaraguan Pacific, covering an area of about 16,000 km2 in the largely unexplored Sandino Basin. Statoil will be the operator with 85 percent equity with the Empresa Nicaraguense del Petroleo (Petronic) participating with
Hyundai Heavy Industries (HHI) has become the world's first shipbuilder to deliver its 2,000th ship. The world's largest shipbuilding company delivered a drillship, "Ocean BlackLion," to U.S. oil drilling firm Diamond Offshore at the Ulsan shipyard Friday.
Expanded premises for the World Maritime University (WMU) were inaugurated on Monday, May 19, 2015 in Malmö, Sweden, by IMO Secretary-General and WMU Chancellor Koji Sekimizu. WMU is an international educational institute for the maritime community, operating under the auspices of IMO
Canadian oil storage and transport company Gibson Energy Inc said on Monday it is building 900,000 barrels of crude oil storage at its terminal in Hardisty, Alberta, after receiving sufficient support from shippers. The company will build a 500
Indian Prime Minister Narendra Modi has arrived back home after five days tour of three Indian Ocean countries. His tour has served to reclaim some of New Delhi’s lost footing in the area. New Delhi accepts that India can less afford its past passivity regarding its
Khamis Juma Buamim, Chairman Drydocks World & Maritime world has been recognized by Tanker Shipping & Trade as being among the top 50 most influential people in the tanker industry worldwide & is one of only 4 Chairmen globally to be so recognized.
India-Australia vessels booked despite higher freight costs; Chevron moving 1-2 cargoes a month to Australia. Indian diesel cargoes are being shipped to Australia in a rare move as rising competition from new Middle East refineries has made it more difficult to land the fuel in India's core
A relatively mild December on the Great Lakes allowed iron ore shipments to increase dramatically compared to a year ago when an early arriving winter blanketed the system with thick ice, the Lake Carriers’ Association (LCA) reported.
Eleven individuals and organizations have been named as winners of the 2014 Walter B. Jones Memorial Awards for Excellence in Coastal Ocean Resource Management, an award given by NOAA’sOffice for Coastal Management for exemplary leadership and a commitment to balancing the human use
The research report, "Marine Coatings Market by Type (Anti-corrosive, Anti-fouling, and Others), and based on Chemistry (Epoxy, Polyurethane, and Others) - Global Trends & Forecasts to 2019", published by MarketsandMarkets, defines and segments the marine coatings market with an
Drydocks World the international service provider to the maritime, oil, gas and energy sectors has received the Shipyard/Ship Repair Facility of the Year and the Technology/Innovation Awards for the Modular Capture Vessels(MCV’s) project at the Maritime Standard Awards
After the referendum debate on Scottish independence Guy Platten, Chief Executive Officer of the UK Chamber of Shipping has called for the divisions created by the campaign to be healed. Mr Platten, who left Scotland and his role as Chief Executive of Caledonian Maritime Assets last year
Brommeland Elektronikk AS, the Norwegian distributor for KNS, was awarded a contract to supply 13 VSAT systems to a large part of the Norwegian shipowner Kopervik Group fleet. The KNS VSAT systems will be supplied through a leasing program
Environmental attorney and Long Beach resident Tracy Egoscue joined the Long Beach Board of Harbor Commissioners on Tuesday as the first Commissioner appointed by newly elected Mayor Robert Garcia. She was approved by the City Council last week for a six-year term.
Thor Offshore, an offshore support services provider and fisheries company, has chosen the integrated software suite BASSnet Fleet Management Systems as a part in its strategy to expand offshore operations globally. In parallel with Thor’s fleet expansion