Double-digit growth in TEUs, autos The Georgia Ports Authority has announced that the authority posted increases across all reporting categories for the first two months of fiscal year 2013. At its Oct. 8 meeting, the GPA board heard a report from Executive Director Curtis Foltz detailing 5.6 percent growth in tonnage across July and August, with 13.8 percent growth in total TEUs for the month of August. That’s an increase of 240,000 tons over the same two months in FY2012. “Our deepwater ports achieved a good start for fiscal year 2013, despite a slow national economy,” Foltz said. “The ports of Savannah and Brunswick have established solid momentum to start our fiscal year, which translates into increased jobs and economic opportunities throughout our region.” The Port of Savannah handled 522,744 twenty-foot equivalent container units (TEUs) over the first nine weeks of the fiscal year, for a growth of 4.4 percent. August accounted for 270,614 TEUs, the GPA’s second-highest month for TEUs, behind only October 2010. In tandem with the strong growth in tonnage, GPA rail cargo also saw a boost in numbers. Growth in intermodal activity was significant during August, and led to a record month, handling 29,364 intermodal rail moves. “Greater reliance on rail movement is a strategic initiative of the GPA, allowing the Port of Savannah to increase capacity without putting more trucks on the road
Lloyd's Register informs that new stability instrument requirements will apply to all tankers constructed (keel laid) on or after January 1, 2016. These ships will be required to fit an approved stability instrument, capable of verifying compliance with intact and damage stability requirements. Oil tankers, chemical tankers and gas carriers constructed before January 1, 2016 must also comply with the requirements (by confirming or upgrading existing equipment
Two new Rule-sets approved at the first Offshore Technical Committee (OTC) held at LR's Global Technology Centre in Singapore. Lloyd's Register say that these two new rule-sets will be made public later this month (May 2013). The Floating Offshore Installations at a Fixed Location 2013 Rules and the Mobile Offshore Unit 2013 Rules, contain several changes from previous versions in order to improve usability, reflect industry best practice, new novel designs and legislative changes.
Noboru Ueda, Chairman and President of ClassNK announced that it has granted type approval for the new MX-200F welding consumable, developed by Kobe Steel Co., Ltd. (KOBELCO) to greatly improve welding efficiency and coating quality in commercial vessels. Up until now, shipbuilders using conventional fillet welding consumables had to make two welding passes for the required weld leg lengths of around 8mm or above
Niger's cabinet of ministers on Friday approved a renewal of French nuclear group Areva's uranium production deal in the West African nation, the government said on Friday, completing two years of often fraught negotiations. The two parties announced the signature of a new 10-year agreement for Areva's Somair and Cominak mines in May, but Friday's green light from President Mahamadou Issoufou and his ministers clears the way for its implementation.
The Cabinet Council of the Republic of Panama has officially approved a proposal to modify the Canal tolls structure, following a recommendation from the Panama Canal Authority (ACP) Board of Directors. The accepted proposal—which modifies the pricing structure for most Canal segments—will better facilitate the Canal’s goal of providing outstanding service and reliability to the global shipping and maritime community while allowing the ACP to safeguard the
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a deepwater drilling permit for a new well that was described in Shell Offshore Inc’s recently approved Exploration Plan. The proposed well was also considered in the Site-Specific Environmental Assessment (SEA) completed as part of the plan review. In order to receive the permit approval, Shell complied with rigorous new safety standards implemented in the wake of the Deepwater Horizon
Drilling Permit Meets Critical New Safety Standards NEW ORLEANS – The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) today approved a deepwater permit for the drilling of a ninth well that complies with rigorous new safety standards implemented in the wake of the Deepwater Horizon explosion and resulting oil spill. This includes satisfying the requirement to demonstrate the capacity to contain a subsea blowout
MARPOL Annex VI – certification of an ‘Approved Method’ for MAN B&W S60MC engines. Applicabilty: All owners and operators of new and existing ships Classification News 22/2010 detailed changes to nitrogen oxides (NOX) controls introduced by the Revised MARPOL Annex VI. These apply to marine diesel engines, with a power output of more than 5,000 kW and a displacement at or above 90 litres per cylinder, installed on ships constructed on or after January 1
The Manila amendments to the Standards of Training, Certification and Watchkeeping for Seafarers Code (the STCW Code) came into force on 1 January, 2012. The revised Code (known as STCW 2010) introduced new minimum rest hours with immediate effect and a timetable of implementation dates for training and certification arrangements. The key implementation dates are as follows: July 1, 2013: New entrants commencing training are required to do so according to the standards laid
At this year’s Offshore Energy exhibition, global deck machinery specialist ACE Winches announced a new 500te Linear Winch to its range of specialized deck equipment. The company will showcase its range of products and services supplied to European clients operating within marine
The Liberian Maritime Administration is to introduce a proposal to the meeting of the IMO Marine Environmental Protection Committee (MEPC70) in London on 24 October to allow certain ships additional time beyond 2020 to install adequate ballast water management systems as required under the Ballast
International Maritime Organization (IMO)’s Marine Environment Protection Committee (MEPC 70) is this week discussing proposals to adopt a mandatory regulation for ships to record and report their fuel consumption.
Moody's Investors Service, has placed the ratings of Overseas Shipholding Group, Inc. (OSG) under review for downgrade, including its B2 corporate family and Caa1 senior unsecured ratings, and the B1 and Ba2 senior secured debt ratings of its subsidiaries, OSG Bulk Ships, Inc
BP and the Area 4 concession partners, Eni East Africa (EEA), Galp Energia (Galp), Kogas and Empresa Nactional de Hidrocarbonetos (ENH), have entered into a sales and purchase agreement for BP to purchase 100% of the liquefied natural gas (LNG) produced by the EEA-operated Coral South
Maritime and Port Authority of Singapore (MPA) introduced several new initiatives at SIBCON as part of Singapore’s continued efforts to enhance bunkering processes and prepare the bunkering industry to meet future demands.
At the annual State of the Port address hosted by the Brunswick-Golden Isles Chamber of Commerce Wednesday, Georgia Ports Authority Executive Director Griff Lynch announced a 100-acre expansion of the Colonel's Island auto terminal, and welcomed Logistec's announcement of the completion of 221
Broward County’s Port Everglades is closed to all ship and truck traffic as the potential category 4 or 5 Hurricane Matthew approaches the U.S. East Coast. The port will reopen after the storm once all safety and security protocols are in place and approved by the U.S
The submarine market will be valued at $22.8 billion this year. By 2026 the market will reach $36.3 billion, according to Strategic Defence Intelligence. This represents a compound annual growth rate of (CAGR) of 4.74%.
ABG Shipyard Ltd, which was one of the largest shipbuilding company in the country operating in the private domain, has decided to divest its entire stake in its subsidiary Western India Shipyard Ltd (WIS). The company’s board has agreed to invite suitable bid from the
Russia will create a permanent naval base in Syria to expand its military footprint in its closest Middle East ally, a government official said on Monday, a week after Moscow said it was considering reopening Soviet-era bases in Vietnam and Cuba.
Globus Maritime Limited, a dry bulk shipping company, announced that its Board of Directors has determined to effect a 1-for-4 reverse stock split of the Company's common shares. At the Company's annual general meeting of shareholders on September 8, 2016
GTT's Houston-based US subsidiary, GTT North America (GTT NA), has signed a license agreement with the American engineering company Matrix PDM Engineering. The agreement was signed at the Matrix Service Company headquarters in Tulsa, OK
South Korea's Hanjin Shipping Co Ltd is selling major businesses, including its Asia-U.S. route network, and will receive letters of intent by October 28, the company said on Thursday. In a regulatory filing the company said a Seoul court overseeing its receivership process approved a public
TraPac, LLC has reached agreement to nearly double its marine terminal size at the Port of Oakland. Wilmington, CA-based TraPac said today it plans to lease an additional 57 acres and two vessel berths on the Port’s Outer Harbor.