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Annual Report

MarAd Releases Annual Report

The Maritime Administration (MarAd) released its Annual Report for fiscal year 2005. The 68-page report addresses activities of the Ready Reserve Force (RRF), the Maritime Security Program (MSP), the Title XI program, cargo preference activities, and other MarAd programs. Source: HK Law


OECD Maritime Transport Committee Annual Report

The Organization for Economic Cooperation and Development (OECD) released the Maritime Transport Committee Annual Report 2002


Manitowoc Company Files 2006 Annual Report on Form 10-K

The Manitowoc Company (announced that the company has filed its Annual Report on Form 10-K for the year ended December 31, 2006 with the Securities and Exchange Commission. The filing can be accessed on the company’s Web site at www.manitowoc.com.


BSEE Launches Efforts to Reduce Offshore Risk

BSEE Director Brian Salerno announces key efforts to reduce risk offshore   Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno made two announcements during a press conference in Houston Tuesday at the Offshore Technology Conference (OTC) - each aimed at reducing the risks associated with offshore oil and gas operations.   First, Director Salerno announced the launch of the SafeOCS program


This Day in Naval History – Dec. 31

1862 - USS Monitor founders in a storm off Cape Hatteras, NC. 1941 - Admiral Chester W. Nimitz assumes command of U.S. Pacific Fleet. 1942 - Commissioning of USS Essex (CV-9), first of new class of aircraft carriers, at Norfolk, VA 1948 - Last annual report by a Secretary of the Navy to Congress and the President filed by SECNAV John L. Sullivan. Thereafter the Secretary of Defense would report annually to Congress.


Pushing for Inland Waterways Funding

Stressing the high value to the nation and the critical condition of some of its chief assets, the Inland Waterways Users Board released its Annual Report to Congress, and provides recommendations related to the inland waterways system of the United States. Sent to Assistant Secretary of the Army John Woodley, President of the Senate and Vice President Dick Cheney, and Speaker of the House Dennis Hastert, this year's report strongly urges Congress and the Administration to view our nation’s


This Day in Naval History – Dec. 29

1798 - First annual report by Secretary of the Navy, sent by Benjamin Stoddert. 1812 - USS Constitution (Captain William Bainbridge) captures HMS Java off Brazil after a three hour battle. 1943 - USS Silversides (SS-236) sinks three Japanese ships and damages a fourth off Palau. (Source: Navy News Service)


NOAA Unveils Collection of Civil War Maps and Nautical Charts

In honor of the 150th anniversary of the Civil War in 2011, NOAA has assembled a special historical collection of maps, charts, and documents prepared by the U.S. Coast Survey during the war years. The collection, “Charting a More Perfect Union,” contains over nearly 400 documents, available free from NOAA’s Office of Coast Survey website. “People are planning now for their visits to Civil War sites next year


US Freedom of Navigation Ops Targeted 13 Countries Last Year

The U.S. military carried out freedom of navigation operations against 13 countries last year, including several against China for what it views as excessive claims to maritime and airspace jurisdiction, the Pentagon said in an annual report on Monday.   The Defense Department carried out multiple freedom of navigation operations against China, India, Indonesia, Iran, Libya, Malaysia, the Maldives, Oman, the Philippines and Vietnam, the two-page report said.  


Zepol Publishes 2012 Port Report

Zepol Corporation released a report analyzing the trade activity for the top 20 ports in the United States. The annual report provides detailed import information for each port and compares trends to the previous year as well as sheds light upon potential future developments. Four Key Insights Found in the Report: 1. The top port in the U.S., the Port of Los Angeles, surpassed all other ports by over 1 million TEUs (twenty-foot containers) and over 500,000 shipments.


Rickmers Maritime to Restructure Debt

Singapore-listed Rickmers Maritime, which owns and operates containerships, said on Thursday it was seeking noteholders' support to restructure debt worth S$100 million ($73.21 million) in a bid to avoid potential liquidation. The business trust also said it was unable to repay $179


IEA: Global Energy Investment Down 8% in 2015

While the plummet in energy spending should come as little surprise to anyone knowing anything about global maritime and energy markets, the International Energy Agency helped to put the precipitous drop in perspective, reporting that the global energy spend was down 8% in 2015.  


Growth in the Leased Container Equipment Fleet to Slow

Source: Drewry Maritime Research

 Following markedly slow growth of just 3.5% in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than 1% in 2016, according to the latest edition of the Container Leasing Industry Annual Report 2016


Monjasa Bags Credit Facility from Société Générale

Photo: Monjasa Group

 Danish bunker fuel supplier and shipping firm Monjasa has signed a credit facility with French bank Société Générale for USD 80 million.    A statement from the company says credit facility is already operational


Rickmers Group Revenue Slides in First Half of 2016

In the first half of 2016 the Rickmers Group generated consolidated revenues of €249.3 million ($279 mln), 13.9 percent lower than in the corresponding period in 2015 (€289.6 million, $324 mln).   The main underlying factors are the persistently strained market situation


Gard Alert: Port state CICs in 2016

Photo: Gard

 This year’s concentrated inspection campaigns (CICs) by port state authorities will focus on compliance with the Maritime Labour Convention and the vessel’s Cargo Securing Manual.   Port state authorities have announced the following CICs


M&A Deals Change the Landscape in the Container Ports Industry

Table: Drewry Shipping Consultants Limited

 Softening demand growth coupled with larger liner shipping alliances and bigger ships is moving the container ports industry towards a value sector from growth sector, albeit still highly profitable, according to the Global Container Terminal Operators Annual Report 2016 published by global


Shipping Must Disclose or Risk Being Exposed - Moore Stephens

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International accountant and shipping adviser Moore Stephens says the shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational damage.   Corporate governance in shipping has been in sharp focus recently


ClassNK's Report on Port State Control

Deficiencies Photo ClassNk

ClassNK released its annual report on Port State Control. The report aims to assist ship operators and management companies in maintaining compliant operations by providing information about ships detained by PSC as well as deficiencies that were found on board from many port states in 2015.


Paris MoU Reports Decrease in 'Bans'

2015 shows a large decrease in the refusal of access (“bans”) within the region 11 bans compared to 20 in 2014 Graphic by Paris MoU

Paris MoU reports that 2015 shows a large decrease in the refusal of access (“bans”) within the region: 11 bans compared to 20 in 2014. The detention percentage has remained stable at 3.33 percent. The number of deficiencies has decreased 10 percent related to 2014


MISC Publishes its 2015 Sustainability Report

MISC Sustainability Report 2015

MISC Berhad (MISC) today announces the publication of its 2015 Sustainability Report, covering the Company’s commitment, strategy and performance for the year ended 31 December 2015 and progress towards its sustainability goals.  


Nordic Shipholding Profits below Market Expectations

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For the 3 months ended 31 March 2016, Nordic Shipholding A/S generated a profit after tax of USD 1.5 million, compared to USD 2.7 million in the same quarter last year.  The average daily TCE rate earned by the vessels in the Handytankers Pool was below the forecasted daily rate


Hapag-Lloyd: 50 Years of Container Shipping in Germany

This is one of the first containers of Hapag-Lloyd. (Photo: Hapag-Lloyd)

50 years after the beginning of modern container shipping in Germany, international trade is handled by 6,397 containerships, with a capacity of 21.1 million TEU. Hapag-Lloyd’s container fleet numbers among the largest in the industry.  


London P&I Club Reports Increased Free Reserves

The London P&I Club’s result for the 2015/2016 financial year produced an overall operating surplus of $3.3 million, lifting the free reserve to $160.7 million.  This result was underpinned by a technical underwriting surplus of $15.3 million, with the combined ratio standing at 82


Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said on Tuesday.   Attacks in the Gulf of Guinea - a significant source of oil






 
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