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Port of Long Beach Buys New Temporary HQ

The New HQ: Photo credit Port of Long Beach

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.  


World Submarine and MRO Market to Reach USD 36.6 Bln by 2025

Image: Australian Navy

 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. 


EL Paso Corporation Responds to Trading Activity

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


SNA Seeks to Raise Funds for Wounded Warrior Project

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


MTN Announces Partnership with BATS

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


T.I. Announces Expansion in Europe

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.


Navy Awards Contract to AGI

The Navy recently awarded a major contract to The Avraham Y. Goldratt Institute, A Limited Partnership (AGI). AGI is pleased to announce was awarded a firm fixed price contract with a ceiling of $96,629,091.65 to continue implementing Enterprise AIRSpeed across the Naval Aviation Enterprise (NAE) over a five-year period. Enterprise AIRSpeed is an enterprise-level, system of systems approach to aviation maintenance and supply designed to produce the right readiness at the lowest cost across


Norway's Jotun Makes 'Quantum' Strides

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


California Leaders to Convene for Maritime Conference

Photo: The Port of Los Angeles

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


DMC Partners to Develop "The Dolphin Residence"

28 5 14 Dolphin Residence - Artists Impression.JPG

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


Saga Shipholding’s Optimarin Experience Drives BWT Orders

Photo courtesy of Saga Shipholding

Ballast water treatment (BWT) specialist Optimarin has signed a contract with Saga Shipholding for the provision of three of its Optimarin Ballast Systems (OBS). The order marks a new chapter in the working relationship between the two, with Saga originally purchasing an initial 26 systems from


Rickmers Acquires Nordana Project

Image courtesy Rickmers Linie

Rickmers-Linie, the Hamburg based liner service specialist for breakbulk, heavy lift and project cargoes takes over the activities of tramp and chartering specialist Nordana Project & Chartering with offices in Copenhagen, Bangkok, Singapore and Houston


DNV GL, Tsakos Join Forces on Cyber Safety

Sokratis Dimakopoulos, Deputy Managing Director of Tsakos Columbia Shipmanagement (Credit: DNV GL)

 The Tsakos Group of Companies has selected DNV GL to assist in preparing a cybersecurity management system for its fleet and onshore facilities – the first such management system developed by a shipping company in cooperation with DNV GL’s Advisory Services.   


Abu Dhabi Cruise Terminal Posts Record Year

(Photo: Abu Dhabi Ports)

As the region’s 2015/2016 cruise season has come to a close, Abu Dhabi Ports, the master developer, operator and manager of ports and the Khalifa Industrial Zone in the Emirate, has released its best ever Cruise Terminal performance figures


GE Shipping Q1 Net Up 45%

Photo: Great Eastern Shipping Company

 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.  


Oman Navy Receives New Patrol Vessel

Photo courtesy ST Marine

 Singapore Technologies Marine Ltd (ST Marine) delivered the second Patrol Vessel RNOV Shinas to the Royal Navy of Oman (RNO). The Company also held the Naming Ceremony for the third PV RNOV Sadh built for the Navy.   The Guest-of-Honour was the Commander of the Royal Navy of Oman


The Cost-conscious Manager

Wondering What to Trim? Look to the skies: billions in offshore savings may be orchestrated from the back office.   For many managers (and analysts), sales, general and administrative costs, or SG&A, are ordinary accounting lines on an offshore services company’s ledger


Statoil to Explore Offshore S. Africa

South Africa map

  Statoil has completed a farm-in transaction with ExxonMobil Exploration and Production South Africa Limited (ExxonMobil), acquiring a 35 percent interest in the ER 12/3/154 Tugela South Exploration Right. The remaining interests are held by the operator ExxonMobil (40%) and co-venturer


Oman Shipping Names Two New Tankers

The recently named tanker Muscat Silver (image: Oman Shipping)

Oman Shipping Company (OSC) has performed the naming ceremony for two new product and chemical tankers – the Muscat Silver and Rustaq Silver.   The ceremony took place at the Hyundai Mipo Dockyard in Ulsan, South Korea. OSC will now take delivery of the Muscat Silver as part of a deal


Idling Container Fleet Continues to Surge

Image: K Line America, Inc

 Carriers are intensifying their capacity-withdrawal activity, with November seeing a big rise in the number of idle containerships, says Drewry Maritime Research.   The size of the idle fleet swelled by 52% from October to November to reach 900,000 teu


Double Record set by Antwerp Port

Port Keeps growing Courtesy Port of Antwerp

  The port of Antwerp is on course to handle more than 200 million tonnes of freight this year for the first time ever. And in container transhipment too a new record has been set, with more than 9 million TEU (twenty-foot equivalent units, i.e. standard containers) being handled


Can Wise Men Solve Containership Market Issues?

Graph: Clarksons Research

 In the nativity story, the three ‘Wise Men’ each come bearing a gift for the baby Jesus. Today, gifts are more likely to have been transported by containership than by camel, but the boxship market itself has still been subject to a number of demand-side ‘humps’ this


C&W Networks Selects Xtera for Submarine Cable Upgrade

Submarine Cable Systems. Pic: Xtera

 C&W Networks, part of Cable & Wireless Communications (CWC), the largest telecommunications service provider across the Caribbean, Central America, Mexico and United States with more than 48,000 miles of subsea fiber-optic network has selected Xtera Communications, Inc


Dubai Maritime Club Launched

L to R: Ahmed Bin Sulayem, Executive Chairman, DMCC and Amer Ali, Executive Director, DMCA.

The Dubai Maritime City Authority (DMCA), the government authority charged with regulating, coordinating and supervising all aspects of Dubai’s maritime sector, has committed its full support for the Dubai Maritime Club, a not-for-profit initiative aimed at nurturing a dynamic network of


OSC’s New Feeder Service Links Oman to UAE

Tarik Mohamed Al Junaidi (Photo: OSC)

Oman Shipping Company (OSC) is launching a new freight service linking all Omani ports to the United Arab Emirates by mid-April, 2016, in a move that aims to boost trade links.   OSC’s new fortnightly Oman Express Service will be the first freight feeder operator to connect all Omani






 
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