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.
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.
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
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
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
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.
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
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.
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
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
National Shipping Company of Saudi Arabia (Bahri), the exclusive oil-shipper for Saudi Aramco, reported a 53.6 percent jump in first-quarter net profit on Monday. The company's net profit for the three months to Mar. 31 was 611.99 million riyals ($163.3 million), up from 398
RSC Bio Solutions announced that its EnviroLogic 3068 and EnviroLogic 3100 high performance hydraulic fluids have been approved for use in MAN Diesel & Turbo systems. This approval allows RSC Bio Solutions to serve customers who have MAN stern tubes and propellers
The National Ocean Industries Association (NOIA) elected 14 industry leaders to its Board of Directors on April 21, 2016 during its Annual Meeting in Washington, DC. Appointed to first term on the Board of Directors: Galen Cobb, Vice President Industry Relations, Halliburton
Rutter Inc. announced that Viking Ice Consultancy selected the sigma S6 Ice Navigator system for installation on the Magne Viking, the first vessel to comply with the International Maritime Organization (IMO) Polar Code approved by DNV GL.
The Board of Harbor Commissioners has approved the appointments of new directors for the Port of Long Beach’s Finance, Surveys and Transportation Planning divisions. Maurina Lee, previously the Harbor Department’s controller, will become the Director of Finance
Following the United States Coast Guard (USCG) decision not to accept the most probable number (MPN) method in assessing ballast water treatment systems, tests of Alfa Laval PureBallast are underway using the USCGA-approved 5 chloromethylfluorescein diacetate (CMFDA) staining method
South Carolina Ports Authority reported fiscal year-over-year growth through February, with 4.4 percent gains in container volume since the 2016 fiscal year began in July. SCPA handled 157,962 twenty foot-equivalent units (TEUs) in February, an increase of 3.3 percent over February 2015
The board of Jawaharlal Nehru Port Trust (JNPT), India’s biggest container port, has approved Rs 2000 crore ($301 mln) dredging operation of the channel between Bombay Port Trust (BPT) and its own end to facilitate bigger ships docking/berthing at the port premises.
U.S. shipbuilder Huntington Ingalls Industries (HII) said it has begun the process of establishing a fund to provide educational assistance for children of HII employees. While details of the educational fund are still being developed, it will be funded annually with HII President and CEO Mike
DryShips an international owner of drybulk carriers and offshore support vessels, today announced that it has entered into an agreement to increase its secured revolving facility (“Revolver”) provided by an entity controlled by the Company’s Chairman and CEO, Mr. George Economou
Bernhard Schulte Shipmanagement (BSM) is further expanding the scope of ship management services it offers with the addition of two new service offerings – Lay-up Services and Green Recycling. Both services have been developed to meet changing needs amid the tough economic environment
Bulgaria's navy is preparing to acquire two fully equipped multifunctional ships by 2022 in a deal estimated to cost about 820 million levs ($477.80 million), Defence Minister Nikolay Nenchev said on Thursday. The Balkan country's government approved on Wednesday plans to buy new military
European Union sets a global standard for sustainable ship recycling: NGOs call on shipping companies to use EU approved yards Today, the European Commission (EC) publishes technical guidance for ship recycling facilities that want to be approved under the EU Ship Recycling Regulation
Classification society Bureau Veritas has approved in principle the repair of offshore structures using the bonded composite product Coldshield, developed by Paris-based start-up Cold Pad. Coldshield is a composite structural reinforcement specifically developed for the harsh environments of
BIMCO has shared the two critical issues at the top of its own priority list ahead of the IMO’s Marine Environment Protection Committee (MEPC) meeting next week. These are: (1) approving a mandatory data collection system for fuel used on ships in international trade and