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U.S. East Coast Refiners Slash Light Crude Imports

Reuters - East Coast refiners slashed imports of lighter, sweet crudes from countries like Norway and Nigeria last year as they commissioned new rail offloading terminals to increase use of domestic Bakken and Canadian crudes. By mid-year, new rail-to-barge facilities in Pennsylvania and Virginia will be able to bring in another 200,000 barrels per day of North American crude, enough for refiners like PBF Energy Inc or Phillips 66 to back out their last foreign barrels of some grades. A third facility in New Jersey may add to the flow soon.


EU Seeks to Improve Passenger Safety on Ships

The Commission has proposed a new package of measures to reinforce passenger safety on ships. Two proposals aim at preventing accidents such as the Express Samina’s in 2000 by increasing stability requirements for vessels and by reinforcing safety rules to cater for passengers with reduced mobility in general, and high-speed ships in particular. The Commission also presents its view on how passenger protection should be strengthened through stricter liability rules when accidents do occur


Navy to Commission New Guided-Missile Destroyer

The book cover of “Farragut, America’s First Admiral” by Naval Historical Center historian Robert J. Schneller, Jr. Adm. Farragut was appointed the U.S. Navy’s first four-star Admiral in 1866, but is most famous for his cry at the Battle of Mobile Bay on August 1864: “Damn the torpedoes, full speed ahead!” U.S. Navy photo. The Navy will commission the newest Arleigh Burke-class guided-missile destroyer, Farragut (DDG 99), June 10, during a ceremony in Mayport, Fla.


Coast Guard Commissions New Port Security Unit

Coast Guard Pacific Area is set to commission a new port security unit (PSU 312). Vice Adm. Harvey Johnson, commander of Coast Guard Pacific Area, will be the presiding official for the ceremony in which Cdr. Donald G. Huenefeld will assume responsibility for PSU 312. PSUs provide a force of six active duty and 140 reserve members who possess specialized skills, capabilities and expertise to perform a broad range of port security and harbor defense missions


Security Council Formed With Assistance From Savi Technology

Every day, about 17,000 cargo containers enter U.S. ports, yet only one or two percent of them is routinely inspected. Since Sept. 11, government officials and global supply chain experts have been focusing on vulnerabilities and potential solutions to help ensure that weapons of mass destruction are not concealed in international cargo shipments. The formation of a new group of prominent supply chain thought leaders experienced in both the private and public sectors is being announced at


US Coastguard Commissions New Fast Response Cutter

Coastguard Cutter Webber: Photo credit USCG

USCG commissions its first Sentinel-class cutter 'Webber' at the Port of Miami The 154-foot Coast Guard Cutter Webber is a Fast Response Cutter and will be able to deploy independently to conduct missions such as ports, waterways, and coastal security, fishery patrols, drug and illegal migrant law enforcement, search and rescue, and national defense operations along the Gulf of Mexico and throughout the Caribbean.


FERC Requires Pre-Filing Process for New LNG Projects

The Federal Energy Regulatory Commission adopted a final rule requiring potential developers of new liquefied natural gas (LNG) terminals to initiate pre-filing procedures at least six months prior to filing a formal application with the Commission. Initiating the rulemaking was the Commission’s first formal action under the recently enacted Energy Policy Act of 2005. The new law requires the Commission to issue within 60 days of the law’s August 8, 2005


NJ Senators Call for Delinquent Dues

U.S. Senators Jon S. Corzine (D) and Frank R. Lautenberg (D) of New Jersey, in the aftermath of what might turn out to be one of the worst oil spills ever on the Delaware River, called on President Bush to pay the federal government’s overdue tab to the Delaware River Basin Commission (DRBC) which is charged with managing the Delaware River for four states and the federal government. The federal government is nearly $6 million delinquent in dues owed to the commission as part of its


EU Ministers Fail To Agree on Shipbuilding Aid

The main item discussed at the European Council meeting of European industry ministers on December 5 was shipbuilding. In May 2001 the Commission presented to the Industry Council the fourth report on the situation of world shipbuilding. Once more, the conclusions pointed to anti-competitive practices by South Korean shipyards: i.e. debt forgiveness, debt moratoria, advantageous refund credits, fresh credits and guarantees, allowing them to offer ships at below-cost prices.


IBIA Warns on Tighter EU Sulfur Timetable

The International Bunker Industry Association (IBIA) says revisions to the proposed EU directive on sulfur content of marine fuels published on August 8 by the European Commission do not go far enough to introduce abatement and trading as means to reduce sulfur emissions. And IBIA warns that new provisions bringing entry into force of the directive only six months after the date of publication are likely to be unworkable.


ABB Wins $85 mln Qatar Order

Outside view of similar 400 kV GIS installation 400kV installation Photo ABB

Substations to support integration of new power and seawater desalination plant ABB, the leading power and automation technology group, has won an order worth around $85 million to provide turnkey substations to help integrate electricity from a new independent water and power plant (IWPP) into


New Simulators for Dutch Inland Navigation Center

Maritieme Academie Holland purchased VSTEP Inland Vessel simulators for the new Inland Navigation Center, the first center to offer simulator training in accordance with CCNR inland simulator requirements. (Photo: VSTEP)

The Maritieme Academie Holland has selected VSTEP as simulator partner for its new Inland Navigation Center in Harlingen, signing a deal that includes the purchase of a Full Mission Inland Navigation Simulator and three Inland console trainers.


S. African Competition Watchdog Fines Japanese Shipping Firm

South Africa's competition watchdog has recommended Japanese shipping firm Nippon Yusen Kabushiki Kaisha Ltd (NYK) pay a 104 million rand ($8.5 million) penalty for price-fixing and collusion in the transport of cars. The Competition Commission said on Tuesday NYK had admitted guilt and agreed


Motion Compensation Solution for Solan Field

First landing West of Shetland (Photo: Ampelmann)

Ampelmann provides access solution for commissioning of the Solan project in West of Shetland   Motion compensated access solutions developer Ampelmann informs it  will provide one of its offshore access solutions to enable ‘walk to work’ for a commissioning campaign on


POLA ‘Trade Connect’ Website Offers Online Training

Tradeconnect

  Trade Connect, the Port of Los Angeles’ award-winning export education outreach program, formally debuted its new website, LATradeConnect.org, at today’s Los Angeles Board of Harbor Commissioners Meeting. “Trade Connect plays a vital role in strengthening our


China Ship Scrapping Subsidies Extended to 2017

Ship scrapping subsidy program originally due to run to end-2015; show of government support amid continuing industry downturn. China on Tuesday extended by two years a subsidy programme that encourages shipping companies to scrap old vessels in a bid to support an industry struggling to emerge


Over 3,700 Migrants Rescued in Med

Ships patrolling the Mediterranean have plucked more than 3,700 migrants from overcrowded and unsafe boats in the last two days, Italy's coastguard said on Tuesday. Ships from several countries, including those taking part in a European Union mission called "Triton"


New DCF Valuations on VV‏

Proud analysis chart

  VesselsValue.com is launching Discounted Cash Flow (DCF) valuations to its existing portfolio of daily, automated valuations for the shipping industry. Discounted Cash Flow vs Market Valuations Discounted Cash Flow Valuations is the amount a vessel would be expected to earn as a


Mercator Acquires Two Dredgers

Dredger Banwari Prem. Photo: Mercator Limited

 Mercator Limited announced that it is expanding its dredging business by adding two more Dredgers to its fleet.    Mercator,India's largest Marine and Energy group with businesses in Oil & Gas, Coal, Shipping and Dredging


BAM Completes LNG Terminal in Aqaba, Jordan

The Aqaba New Liquefied Natural Gas (LNG) Terminal by BAM International. Pic by Aqaba Development Corporation (ADC).

 BAM International has completed its €65 million project to construct the Aqaba LNG terminal for Aqaba Development Corp. (ADC).    The operating company of Royal BAM Group handed over the project on 23 June, two months ahead of schedule.  


Tobruk Sails Home for the Last Time

HMAS Tobruk sails into Sydney Harbour for the final time

  HMAS Tobruk (II) sailed through Sydney Heads back to her home port at Garden Island for the last time today.  The amphibious heavy lift is scheduled to decommission on Friday 31 July, after 34 years of service in the Royal Australian Navy.  


UASC Exempted from Controlled Carrier Rules

Photo: UASC

The U.S. Federal Maritime Commission (FMC) voted unanimously to grant the Qatar-controlled United Arab Shipping Co. (UASC) exemption from its controlled carrier list which aims to stop price fixing among state-owned shipping companies.  


Baker Hughes helping IOG develop North Sea resource base

Mapping the Arctic Ocean continental shelf Photo Baker Hughes

  Independent Oil and Gas PLC (IOG) is extending its seismic remapping agreement with Baker Hughes’ Reservoir Development Services (RDS) group to better understand resource potential for its Blythe and Cronx/Elgood projects in the Southern North Sea (SNS)


COSCO Dalian Built PSV Completes Sea Trials

Dalian Shipyard built 9,000 horsepower COSL deepwater supply vessel (PSV) (Shan Shu, Zhou Xia  Wen Shan Shu  photo)

  The first of the two 9,000 horsepower COSL deepwater supply vessel (PSV)built at the COSCO Dalian Shipyard ship has successfully completed sea trials. The trial results met the technical requirements to obtain the owner's praise. The total length of the ship 85


Beier Radio is now Beier Integrated Systems

Beier Radio is Now Beier Integrated Systems

  For 70 years, Beier Radio has provided engineering, sales, and service for marine electronics around the globe. As the corporation marks its 70th anniversary, it also unveils a new name for the operating company known for its advanced vessel control and navigation systems






 
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