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
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
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
The Senate Commerce Committee has approved S. 579, the National Transportation Safety Board (NTSB) Reauthorization Act of 2003. The bill would authorize appropriations for the NTSB through 2006, including $76.7 million for FY 2003.
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.
Omega Navigation Enterprises, Inc. announced that its Board of Directors has approved a shareholder rights plan designed to enable the company to protect shareholder interests in the event an unsolicited attempt is made for a business combination with or takeover of the Company. The Company believes the shareholder rights plan will enhance the Board's negotiating power on behalf of shareholders in the event of an unsolicited business combination or takeover attempt
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
The port of Miami's total debt is set to pass $1 billion after Miami-Dade County commissioners approved a $225 million bond offering on Tuesday to meet existing lending agreements and pay the balance on a nearly finished underground tunnel connecting the island-port to nearby highways.
Experts from the United States, Latin America and Europe will participate in the second Panama Canal International Maintenance Congress to be held on August 27 – 29, 2014, within the framework of the waterway’s centennial.
EU antitrust regulators will clear a PVC joint venture between Solvay and Swiss-based INEOS after the Belgian chemicals group agreed to sell five sites across Europe to ease competition concerns, two persons familiar with the matter said on Monday.
In a letter to shareholders chairman, Ian C. Strachan and Steven L. Newman, president and CEO, set out a summary of offshore drilling specialist Transocean's 2013 operations, excerpted as follows: • Revenue and Backlog Full year 2013 net income attributable to controlling interest was $1
Deal to Sign Budget with $35M More for Port Deepening; State has allocated $266 million to Savannah Harbor Expansion The $35 million in additional port deepening funds proposed by Georgia Gov. Nathan Deal has been approved by the state legislature and now awaits the governor’s signature
OSVDPA seeks to start training and certifying DPOs by the end of this year. A new organization, the Offshore Service Vessel Dynamic Positioning Authority, Inc. (OSVDPA), held its first board meeting Thursday, March 12, charting the course toward a new dynamic positioning operator (DPO)
U.S. Distant Water Tuna Fleet Records Zero Fatalities in 2013 South Pacific Tuna Corporation pointed to the tuna industry’s 2013 record of zero fatalities in response to a recent report, implication of safety concerns and 2012 violations from foreign officers license certification
The Georgia Ports Authority has moved more than 2 million twenty-foot equivalent container units (TEUs) so far this fiscal year (July-February), for an increase of 6.2 percent or an additional 119,318 TEUs. “The strong growth experienced throughout our business sectors this fiscal year
During its meeting of March 25, 2014, Belgian shipping company CMB’s board of directors approved the final annual accounts as per December 31, 2013. The consolidated result for 2013 amounts to $49,694,000, compared to $133,954,000 in 2012.
Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items of note were released. Dredging The Port Commission approved a $68 million construction contract with Orion Construction L.P. for Bayport and Barbours Cut channel improvements
The Board of Commissioners of the Port of New Orleans mourns the passing of former Board Chairman Francis E. “Hank” Lauricella. Gov. Mike Foster appointed Mr. Lauricella to the Board in April of 1997 and he served as Board Chairman from October 2001 until June of 2002.
Multilayered approach deters criminals and prevents unwanted boarding Westmark BV has recently performed a test in which passive nonlethal equipment served in a multilayered strategy to protect fishing crews from the threat of robbery at sea
Savings from solar panels will feed thousands of homeless As part of a Community Mitigation Grants Program, the Port of Long Beach has awarded the Long Beach Rescue Mission a $176,045 grant to install solar photovoltaic panels for electricity generation at their 1335 Pacific Ave. facility.
A classroom of NAUTIS Desktop Trainers and a NAUTIS Instructor Station was purchased by the International Maritime College Oman (IMCO). The simulators allow the IMCO to add certified ECDIS Model course 1.27 training to its curriculum. The classroom was delivered and installed by VSTEP engineers at
The U.S. Department of Commerce approved 52 crude oil re-export licenses in the last six months to destinations other than Canada, the department said on Tuesday. The permits, which were approved between October 2013 and March, include 14 licenses for re-exports to European countries