Baltic Dry Index Ticks Down as Capesize Losses Offset Gains in Smaller Vessels
The Baltic Exchange's dry bulk sea freight snapped a 12-session winning streak on Tuesday, as pressure from lower capesize rates outweighed gains in smaller vessel segments.The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was down 0.3% at 2,291 points.The capesize index .BACI snapped its nine-session rising streak, shedding 57 points, or 1.4%, to 4,148.Average daily earnings for capesize vessels, which typically transport 150,000-ton cargoes such as iron ore and coal…
Shipbuilders Council of America Names New Board Leaders
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, announced its new Board of Directors leadership and the incoming chairs of the SCA Partners Committee. The announcements kicked off the Association’s Annual Meeting on May 17 in Washington, D.C.Brad Moyer, Vice President of BAE Systems Ship Repair, is ascending from his Vice Chairman post to Chairman of the Board, assuming the position from Ben Bordelon…
Angad Banga Elected Chairman of the Hong Kong Shipowners Association
Angad Banga of The Caravel Group was elected Chairman of the Hong Kong Shipowners Association at the organization’s annual meeting held on November 22, 2023.Banga succeeds Wellington Koo, of Valles Steamship, who stepped down after completing his two-year term as Chairman.Richard Hext of Swire Shipping was elected Deputy Chairman, succeeding Banga. Qian Weizhong of COSCO Shipping (Hong Kong) and Wang Yongxin of China Merchants Energy Shipping Company Limited were re-elected as the Vice Chairmen.Koo…
Oldendorff and MIT Report on Biofuel Contamination Study
In 2019, Oldendorff Carriers signed a research agreement with the Massachusetts Institute of Technology’s (MIT) Center for Bits and Atoms to investigate disruptive improvements in ship design, propulsion, and alternative energy sources to help achieve the enhanced decarbonization targets to 2050. As part of their agreement, Oldendorff Carriers asked MIT to conduct a study on the long-term stability and degradation of a B20 advanced biofuel blend.Biofuels offer a drop-in fuel option, reducing GHG emissions from a life-cycle perspective.
Sea Cargo Charter Calls on IMO to Deliver More Ambitious Targets
The Sea Cargo Charter, a global framework for assessing and disclosing the climate alignment of chartering activities, has released its annual report covering 2022, highlighting the disclosure of emissions data and calling for action from the IMO.The 33 signatories covered by the report account for more than 17% of total bulk cargo transported by sea over the year. Their average reporting rate increased since last year to 90%.“While achieving full decarbonisation by 2050 may seem far off…
Larry Rigdon Retires from Tidewater Board
U.S.-based Tidewater, one of the world's largest owners of offshore support vessels, announced Thursday that Larry T. Rigdon has chosen not to stand for reelection as non-executive chairman and will retire from the board at the company's annual stockholders meeting on June 26, 2023.Rigdon has served as a member of the company's board of directors since July 2017, and as non-executive chairman of the board since October 2019.Dick H. Fagerstal, Tidewater's lead independent director…
US Senator Murkowski Receives Maritime Leadership Award
The Shipbuilders Council of America (SCA), the national association representing the U.S. shipbuilding, maintenance and repair industry, on Wednesday presented U.S. Senator Lisa Murkowski (R-Alaska) with the SCA Maritime Leadership Award at its 2022 annual meeting.The award is given each year to national leaders or elected officials who demonstrate exemplary dedication and support for the nearly 400,000 men and women who serve in America’s shipyards and throughout the domestic industrial base.“Throughout her time in public office, Sen.
Gulf Island Chairman Flick to Retire
Gulf Island Fabrication, Inc., a steel fabricator and service provider to the industrial and energy sectors, today announced that its Chairman of the Board of Directors, Michael A. Flick, will retire effective upon the expiration of his current director term in connection with the company’s 2022 annual meeting of shareholders. With Flick’s retirement, the Board will be reduced to six members.Flick has served as a director of the company for 15 years and as Chairman of the Board since 2020. He also has served, at various times, as a member of the Audit Committee, member and Chairman of the Compensation Committee, and member and Chairman of the Corporate Governance & Nominating Committee.The Board unanimously elected William E.
The Arctic: Scientists Aim to Improve Sea Ice Predictions' Accuracy, Access
Sea ice predictions have improved markedly since the founding of an international forecasting and monitoring network 14 years ago.“These forecasts are quite encouraging in their increasing accuracy,” said Uma Bhatt, an atmospheric sciences professor at the University of Alaska Fairbanks Geophysical Institute. Bhatt spoke about the Sea Ice Prediction Network at the American Geophysical Union’s annual meeting last month.As the amount of sea ice in the Arctic declines, thins and becomes more mobile…
Profiles in Maritime Leadership: Ulla Nielsen, MD, V.Ships Germany
As a former master mariner with Maersk Line and currently the Managing Director of V.Ships, Germany, Ulla Nielsen was a natural choice to kick off Maritime Reporter & Engineering News’ profiles in maritime female leadership in the run up to the Women's International Shipping & Trading Association’s (WISTA) annual conference, scheduled to be held in person October 12-15, 2021 in Hamburg, Germany.Ulla, to start, can you provide some insight on your maritime career path?My background is as a master mariner sailing with Maersk Line…
Enterprise Revisited: Titanium is the USCG Vessel Procurement Magic Bullet
In my May 2020 MREN USS Enterprise column I made a reference to the benefits of titanium as a hull structural material.It related to the life of the USCG cutter Bear and I concluded the column with a suggestion that titanium would be a particularly useful and cost-effective structural material for sail training vessels, aircraft carriers, research vessels, cruise vessels, tugs and Staten Island ferries. I made this suggestion assuming that the hull design (shape) would have to be mature…
ABS Chairman Wiernicki Elected to National Academy of Engineering
Christopher J. Wiernicki, chairman, president and CEO of classification society ABS has been elected to the U.S. National Academy of Engineering (NAE) for innovative leadership in the design, engineering and operation of ships and offshore structures.Election to the NAE is among the highest professional distinctions accorded to an engineer. Academy membership honors those who have made outstanding contributions to engineering research, practice, or education and to the pioneering of new and developing fields of technology…
Maritime Training: Non-Traditional Maritime Simulation
Our COVID-19 maritime world continues to change as our perspectives on education and training with the availability of online learning and conferencing, an increased use of webinars, and the use of simulation technology must evolve if we are to be able to continue to train and maintain skill sets as we navigate the current and predicted restrictions on movement. Changes made now may eventually become fully integrated in to future iterations of training in many industries.An increasing…
SNAME Honors Rob Allan as Honorary Member
Canadian headquartered naval architecture firm Robert Allan Ltd. announced that its Executive Chairman, Robert G. "Rob" Allan, has been made an Honorary Member by the Society of Naval Architects and Marine Engineers (SNAME), making him one of only 50 living individuals to enjoy this privilege. This membership is awarded to a person as result of their dedicated service to the maritime industry and the Society and is a symbol of recognition offered as a token of the high esteem in which their colleagues hold them.SNAME has previously honored Rob Allan with many accolades.
Sickles Named Interim Head of Dredging Contractors of America
Former Dredging Contractors of America (DCA) executive director and Weeks Marine’s corporate and government relations director Mark D. Sickles will serve as Interim CEO and executive director as the organization searches for new staff leadership to succeed outgoing DCA head William P. Doyle, who has been appointed to lead the Maryland Port Administration, and Executive Director of the Port of Baltimore.Sickles was unanimously approved by the DCA board of directors and general membership during its annual meeting on July 9.
Shipbuilders Council of America Elects New Leadership
The Shipbuilders Council of America (SCA), the national trade association representing the U.S. shipbuilding and repair industry, today announced new board leadership. Taking over the helm of Chairman from Terry O’Brien of Austal USA in Mobile, Al., is Ben Bordelon, president and CEO of Bollinger Shipyards from Lockport, La. Joining him to lead the SCA Board is Brad Moyer, Vice President of BAE Systems Ship Repair in Norfolk, Va., who will serve as Vice Chairman.Bordelon and Moyer were elected to their new leadership positions at the SCA annual meeting…
US Sails Warship Near Taiwan
The U.S. navy said on Thursday it had sailed a guided-missile destroyer through the sensitive Taiwan Strait, a week before Taiwan President Tsai Ing-wen’s inauguration for a second term in office amid rising tension with China.China, which considers Taiwan its territory, has been angered by the Trump administration’s strong support for the island, such as increased arms sales.Beijing-Washington ties have also been buffeted by fallout from the coronavirus pandemic and disputes over trade.The U.S.
Duluth Seaway Port Authority Officers Elected
During its annual meeting held March 25, the Duluth Seaway Port Authority Board of Commissioners elected officers for the fiscal year beginning April 1, 2020.The board re-elected Rick Revoir to serve his second year as president. Other appointments included Tony Sertich as vice president, Patrick Boyle as secretary, Norm Voorhees as treasurer and Mike Jugovich as assistant treasurer. Together with fellow board members Ray Klosowski and Yvonne Prettner Solon, this septet oversees the Port Authority’s financial and organizational affairs.The Duluth Seaway Port Authority is governed by a seven-member board – two commissioners appointed by the state’s governor, two by the St. Louis County board, and three by the Duluth City Council.
Tidewater Elects Larry Rigdon as Chairman
Tidewater, which owns and operates the largest fleet of offshore support vessels in the industry, announced that Larry T. Rigdon has been elected Chairman of the Board effective October 28th.Rigdon replaces Dr. Thomas R. Bates, Jr., who has recently resigned from the board, said a press note.Rigdon has been a member of the Tidewater Board of Directors since August 2017. He has extensive prior experience as an executive at Tidewater. Rigdon served as Interim Chief Executive Officer of Tidewater for the five-month period ended March 2018 and had previously joined the Company in 1992 upon the merger with Zapata Gulf Marine Corporation.After successive roles of increasing responsibility, he left the company as Executive Vice President in 2002.
IMO Unites Maritime Industry in London
International Maritime Organization (IMO) is the only United Nations agency based in London but the city itself is home to the headquarters and country offices of many other international organizations.Together, these form a group called the All London Based International Organizations, said the UN body.Although they deal with a host of different topics, ranging from maritime safety to molecular biology, there are many issues that unite them – for example, a high proportion of overseas staff and their families, living away from their home countries. The member organizations meet annually to discuss these and other matters and this year it was the turn of IMO to host (17 October).Twenty-seven London-based organizations took part in the annual meeting, which featured as guest speaker Mr.
China Hosts Deep-Sea Exploration Contractors Meet
The third annual meeting between the International Seabed Authority (ISA) Secretariat and the contractors with deep-sea exploration contracts in the international deep-seabed (the Area) concluded in Changsa, China on Sunday.Delegates gathered at the three-day meeting hosted by China Minmetals from October 11-13 to discuss areas of common interest, and the next steps in moving from exploration to the sustainable development of deep-sea mineral resources.In his remarks at the opening ceremony, ISA Secretary-General Michael W. Lodge highlighted the need to advance the development of regulations for deep-sea mineral exploitation (the Mining code).
Carbon Capture and Storage Under Seabed
Carbon capture and storage under the seabed is recognized as one tool in climate change mitigation. An International Maritime Organization (IMO) treaty, the London Protocol, provides the basis in international environmental law to allow CO2 storage.This week, a proposal to agree the early application of an amendment to allow sub-seabed geological formations for sequestration projects to be shared across national boundaries will be put before Parties to the London Protocol (LP) and its forerunner, the London Convention (LC).It would remove a barrier for countries which wish to make use of carbon capture and storage - but which do not have ready access to offshore storage sites within their national boundaries.
AIS Provide Skidmarks on the Ocean
Many years ago, I received a call from an attorney who wanted me to get on the plane to Houston right away to take a look at damage on two ships that had collided in the approaches to Houston.He told me that both vessels had become confused, had started to turn and managed to occupy the same bit of ocean at the same time. His preliminary analysis indicated that, if he could prove the other vessel turned first, his vessel was in the clear.This was in the late eighties or early nineties, the course recorders had not been running, there was no VDR, and no electronic navigation record.