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Board Approves

SC Ports to Invest US$123-Million in 2014 Plan

South Carolina Ports Authority (SCPA) Board of Directors approve its fiscal year 2014 financial plan. During its regular monthly meeting, the Board approved the SCPA's fiscal plan for the coming 12 months. From July 1 to June 30, capital spending of $123 million will fund major infrastructure investments such as the new container terminal at the former Navy Base, new equipment to handle the increased size of ships in the port as well as other upgrades to existing facilities.   The largest single area of spending is for the South Carolina Inland Port in Greer, SC, with $29.1 million planned to cover the remaining SCPA share of the project. The new facility is slated for a September 2013 opening. "Our public seaport system is an economic engine, spurring opportunity all across South Carolina," said Bill Stern, chairman of the SCPA Board. "The inland port will further expand the port's connection to the Upstate and will drive job creation and investment to that region." The financial plan also projects a nearly six percent increase in container volume on the strength of new, weekly services commencing this summer and increased volume from existing services.  


Tognum Has a New Major Shareholder

approximately 22% stake in Tognum AG – which it held through the company Seeker Rekees S.à r.l. – to Daimler AG. Daimler’s Supervisory Board approved the acquisition of this shareholding. Furthermore, Daimler AG has informed us that it intends to acquire a blocking minority (25% plus one share) in Tognum AG. The entire transaction is subject to the approval of antitrust and other authorities.


Harvey Gulf Announces Plans for 3 New LNG-Powered Boats

new Harvey Gulf tonnage depiction

Initial deal worth $165 million; $300 million for 6 additional newbuilds and another $500 million for acquisitions also approved.   Harvey Gulf International Marine announced Saturday that it will sign a deal for three LNG vessels to be built by Signal Shipbuilding. At a Harvey Gulf board meeting held on Satruday afternoon, the Louisiana-based operator's management team approved the $165 million deal, said Harvey Gulf International Marine Chairman & CEO, Shane J. Guidry


Container Growth Up at GPA

Photo: GPA

Geargia Port Authority Executive Director Curtis Foltz reported a 16.6 percent calendar year to date increase in container volumes, as well as capital projects necessary for future growth.    The Port of Savannah has moved 2.55 million twenty-foot equivalent container units since the start of the calendar year, an additional 365,097 TEUs. Twenty-foot equivalent container units grew by 4.4 percent (13,353 TEUs) in August alone, for a total of 315,175 TEUs.  


Board Approves Waterborne Security Barriers

Authorizing the expenditure of Transportation Security Administration (TSA) Port Security Grant Funds, the Board of Harbor Commissioners has approved an agreement with Siemens Building Technologies for waterborne security barriers. The $2.9m design-build agreement includes the design, fabrication and delivery of 10,000 feet of floating security barriers. The Port of Los Angeles is taking the lead on this joint Port of Los Angeles/Port of Long Beach project which was approved in Round 3 of the


Vessels Change on Route

A conventional ferry will replace one of the PacifiCats on the Horseshoe Bay-Departure Bay route starting February 1 to allow the fast ferries to be phased in more gradually, BC Ferries' board chair Michael Francis and president Bob Lingwood announced. The BC Ferries' board of directors has reviewed the fast ferry implementation program, taking into account concerns of reliability, customer issues and financial considerations


NY/NJ Port Authority Launches New Cargo Distribution Plan

Use of Barges, Trains to Move Cargo Will Reduce Truck Traffic, Improve the Environment The Port Authority launched a unique barge and rail cargo distribution network that will provide jobs and economic activity for the region, speed the flow of goods to consumer markets in the region and help reduce highway truck traffic. The Port of Albany will become the first Northeast port to participate in the program. The Port Inland Distribution Network will move containerized cargo by barge or


All Items Approved at Stolt-Nielsen Meeting

Photo courtesy Stolt-Nielsen Limited

Stolt-Nielsen Limited announced that all agenda items were approved and all nominated directors were elected at its Annual General Meeting of shareholders held yesterday in Bermuda. The final dividend for 2013 of $0.50 per common share recommended by the Board of Directors on February 7, 2014 was also approved and will be paid on May 8, 2014 to shareholders of record as of April 24, 2014. stolt.com  


Alphatron Introduce Onboard PABX System

Image credit Alphatron Marine

Alphatron Marine introduces the Alphaconnect Hybrid, a type-approved on board Telephone System (PABX) with integrated IP facilities. The new Alphaconnect 48/128 hybrid uses well known Alphaconnect technology in combination with cable saving IP technology to provide internal marine communications. The Alphaconnect Hybrid offers: • 24 DNV approved analogue stations expandable up to 256 • 24 VoIP telephone ports with POE expandable up to 500 and more


GL: New shareholder Structure to Safeguard Independence

At a shareholders' meeting, Germanischer Lloyd's Executive Board announced the successful defense against the hostile takeover bid by a French competitor. The binding purchase offer by the Hamburg entrepreneur Günter Herz, with secure long-term perspectives for the Society, met with the approval of shareholders who were willing to sell. More than 40% of the shares changed hands. The Executive Board of Germanischer Lloyd has already approved the transfer of these registered shares.


Funding Approved for Georgia’s New Inland Terminal

At its July board meeting, the Georgia Ports Authority (GPA) approved a spending package of $19.7 million to construct the Appalachian Regional Port in Chatsworth, Murray County, Ga.   The funds consist of $10 million from the state of Georgia and $9.7 million from the GPA


Young Taken on PESA Advisory Board

Donald Young Photo Hoover Container Solutions

Hoover Container Solutions’ chairman and CEO, Donald Young, has been nominated and elected to the Petroleum Equipment & Services Association (PESA) Advisory Board for a three-year term. PESA’s leadership is comprised of experienced industry executives dedicated to advancing


PALFINGER Makes Takeover Bid for TTS

The takeover bid made by the PALFINGER Group for the Norwegian ship equipment supplier TTS Group ASA, listed on the Oslo Stock Exchange, was approved and published this morning by the Oslo Stock Exchange following a detailed review. PALFINGER aims to acquire 100 percent of the TTS shares


Senior Appointments at IRClass

Vijay Arora Photo IRS

In a move to strengthen its senior management structure, The Indian Register of Shipping (IRClass) has made significant changes at its top level. As a part of its organizational restructuring exercise, IRClass has decided to realign the position of Chairman and Managing Director and create two


De Nora Retrofits Two BWS for OSG

OSGs ship, Overseas Athens Photo De Nora

De Nora announced a contract with Overseas Shipholding Group (OSG) (NYSE MKT:OSG), one of the largest tanker companies in the world, to supply two ballast water management systems (BWMS). De Nora BALPURE systems will ensure that the Overseas Milos and Overseas Athens, both 50


Big Win for Maersk Fluid Technology’s BOB System

Maersk Pearl – one of the vessels to be equipped with B1000 Blending-On-Board system from Maersk Fluid  Technology Photo Maersk

In the second half of 2015, Maersk Fluid Technology introduced a new version of its cylinder oil ‘Blending-On-Board’ (BOB) system, targeting medium-sized 2-stroke propulsion engines with a cylinder bore between 420 and 680 mm.


Alfa Laval Gets Ready for USCG Type-approval

Alfa Laval PureBallast 3.1

Alfa Laval remains on track to submit a US Coast Guard (USCG) type approval application for Alfa Laval PureBallast 3.1 in the coming weeks. The company has successfully completed all required land-based tests using the current system design.  


CSCL to Change Name to Cosco Shipping Development

Photo: China Shipping Container Lines

 China Shipping Container Lines (CSCL) has proposed to change its name to Cosco Shipping Development Co (CSDC), in line with the company’s future business strategy and as a group member of China Cosco Shipping Corporation (Coscocs).  


UASC Fully Compliant VGM Lift Now

Photo: United Arab Shipping Company

 United Arab Shipping Company (UASC) announced today the conclusion of a 100% compliant Verified Gross Mass (VGM) lift of 159 UASC containers on board CSCL’s Saturn.   This achievement comes ahead of the VGM requirement deadline of July 1st


UASC and Hapag-Lloyd Merger in the Last Leap

File Image: United Arab Shipping Company, Hapag-Lloyd

 A merger between United Arab Shipping Company (UASC)  and German container shipping line Hapag-Lloyd will create a shipping group that is the 5th largest in the world and will give Hapag-Lloyd access to bigger ships on the important Asia to Europe trade route.  


Hapag-Lloyd Agrees on Merger Terms with UASC

Photo: Hapag-Lloyd

German container shipping line Hapag Lloyd AG on Tuesday said it has reached an agreement on terms and conditions of a business combination agreement with Arab peer United Arab Shipping Company (UASC).   The deal, which would involve all shares in UASC being moved to Hapag-Lloyd


Maritime Security Experts Weigh in on West Africa

Risk Intelligence launches new service providing overview of operational and regulatory risks of privately contracted maritime security in West Africa   Maritime operations in West Africa are affected by threats from piracy and other maritime crime


IMB: Beware Commercial Impact of Cyber Attacks

Courtesy ICC

The International Maritime Bureau (IMB) is asking shipping and maritime companies to be vigilant to the potential commercial impact that cyber-attacks can cause. IMB says that cyber security is not only about trying to identify and to prevent systems on board ships from getting hacked or


Star Bulk Sets Terms on Reverse Stock Split

Pics: Star Bulk Carriers Corp

 Athens-based Star Bulk Carriers Corp has determined to effect a 1-for-5 reverse stock split of the Company's common shares.    The Company's shareholders approved the reverse stock split and granted the Board the authority to determine the exact split ratio and proceed with the


Oman Signs Pacts with Ship Classification Bodies

Photo:  Ministry of Transport and Communications

 Oman’s Ministry of Transport and Communications (MoTC) has signed agreements with three ship classification societies for small ships that do not abide by international treaties, said a report in Times of Oman.   The agreements were signed with the British (Lloyds Register of






 
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