According to the VOV News, some members of the Vietnam Shipbuilding Industry Group Vinashin have recovered from the economic crisis and stabilized their production and business to create more jobs and ensure workers’ incomes. On April 9, Vinashin’s Party Committee held its second Party Congress for the 2011-2015 term in the presence of politburo member and Deputy Prime Minister Nguyen Sinh Hung, who is also head of the Steering Committee for restructuring the Vinashin group. (Source: VOV News)
The Maine Oil Spill Advisory Committee held a hearing to review proposed revisions to the state's regulations related to oil terminals and vessels transporting petroleum products. The proposed revisions contain several references to vessels transporting petroleum products on the state waterways. AWO's major objection to the Maine regulations relates to a proposed requirement that vessels stay 12 miles offshore, except when approaching Maine's ports
In just under seven months’ time, marine professionals from China and around the world will gather for the opening of Shiptec China 2014 at the Dalian World Expo Center. Taking place October 21-24, it is the 11th holding of this increasingly important event, and the organizers have now confirmed many aspects of the forthcoming event. With its leading role now well established thanks to the involvement of the Chinese government
In Washington, DC, success is often measured in the smallest of increments, especially when we have gridlock in Congress like we have seen this past year. But when it comes to bringing attention to the importance of the inland waterways system to America’s current – and future – prosperity, progress is being made. On September 21, Midwest Senators Dick Durbin (D-IL), Claire McCaskill (D-MO), Chuck Grassley (R-IA), Tom Harkin (D-IA), Mark Kirk (R-IL)
GulfMark Offshore, Inc. (NYSE:GLF) has announced the election of Steven W. Kohlhagen and Charles K. Valutas to its Board of Directors for terms expiring in June 2014. Steven W. Kohlhagen is a retired financial executive who brings to the Board expertise in financial accounting, finance and risk management through his extensive experience in, and knowledge of, the financial, securities and foreign exchange markets
U.S. House Republicans will continue delving into the Obama administration's creation of an emergency gasoline reserve in the Northeast, after a briefing by the Department of Energy failed to quell concerns about the stockpile, a committee aide said on Tuesday. Senior members of the House Energy Committee asked for the briefing after the DOE earlier this year held the first test sale of crude from the Strategic Petroleum Reserve (SPR) since 1990
Technip appoints John Harrison to its Executive Committee as General Counsel. In this newly created function, John Harrison will as General Counsel be responsible in the Executive Committee for all group legal, corporate and compliance matters and will report to the Chairman and CEO of Technip, Thierry Pilenko. Prior to his appointment and since 2003, John Harrison was General Counsel of the Defence and Security Division of EADS.
Following the European elections of June 2004, the newly elected European Parliament held its first plenary session from 20 to 22 July. During this session, MEPs formally approved the nomination by the European Council of Portugal's Jose Manuel Durao Barrosso as Romano Prodi's successor as European Commission President. The key institutional change on the maritime front is that the former "RETT" Committee of the European Parliament ("Regional Policy
The Shipping Coordinating Committee, sponsored by the US Department of State, will hold two meetings in Washington, DC. The first meeting, on January 22, is to prepare for the upcoming session of the IMO Sub-Committee on Ship Design and Equipment. Topics on the agenda include the longitudinal strength of tankers and prevention of accidents with lifeboats. The second meeting, on January 30, is to prepare for the upcoming session of IMO Sub-Committee on Bulk Liquids and Gases
The Coast Guard Foundation, a nonprofit organization committed to the education and welfare of all Coast Guard members and their families, announced its 2014 board of trustees. Consisting of 117members, the Coast Guard Foundation Board of Trustees and Directors oversees management of the organization and helps to provide resources to advance the Foundation’s mission to support the service of men and women in the United States Coast Guard
The Gulf States Shipbuilders Consortium (GSSC) announced that its fall meeting will be held October 18-19, at the Holiday Inn in Mobile’s historic district. Highlights of the meeting include a presentation by U.S. Representative Bradley Byrne (R-Fairhope)
CMA CGM, a leading worldwide shipping Group, announces the appointment of Michel Delville as Chief Financial Officer. Michel Sirat will continue to support the Group on strategic development missions. Michel Delville was Chief Financial Officer of the Saft Group
Safe Bulkers, Inc. announced today that the Company has agreed to novate an existing newbuild contract for Hull No. S835, a Japanese Panamax class vessel, and sell, upon delivery, Hull No. 1551, a Japanese Kamsarmax class vessel, in each case, to entities owned by Mr
The House Armed Services Committee (HASC) invited two U.S. Naval War College (NWC) faculty members to testify in Washington, D.C. on understanding and countering China's growing maritime concerns. Andrew Erickson, professor of strategy in the China Maritime Studies Institute (CMSI)
The U.S. Coast Guard (USCG) held a public listening session in Washington D.C. on September 27, 2016 to address ships’ use of heavy fuel oil (HFO) in the Arctic, examining its risks and as well as potential mitigation strategies which can be taken to the International Maritime Organization
India's Shipping Ministry on Thursday proposed a new model concession agreement (MCA) to attract more private sector investments in the development of port infrastructure. The proposed MCA will replace the existing agreement which came into existence in January 2008
Jawaharlal Nehru Port Trust (JNPT), India’s No.1 container port, has commenced holding yard operations in a six-hectare land at the Jawaharlal Nehru Port Container Terminal (JNPCT). approach roads to further ease out congestion and streamline the traffic to the terminal.
Navios Maritime Acquisition Corporation, announced today that it has agreed to provide a $70 million secured loan facility maturing in November 2018 to Navios Maritime Holdings Inc. The Loan Facility bears interest of 8.75%, compounded semi-annually and is secured by (1) all of Navios
DNV GL’s Group President & CEO Remi Eriksen participated in the first meeting of the Maritime and Port Authority of Singapore (MPA) advisory committee for further developing Singapore as an International Maritime Centre (IMC) towards 2030.
Two recent onboard containership fires have fueled concerns from IUMI (International Union of Marine Insurance) over the challenges involved with managing these incidents at sea. "At sea, below-deck fires cannot be fought with water and so CO₂ is used instead to displace the oxygen
The American Association of Port Authorities (AAPA) today lauded leaders of the Senate Committee on Environment and Public Works (EPW) and the Senate’s Transportation and Infrastructure (T&I) Subcommittee for their success in advancing S
The Maritime and Port Authority of Singapore (MPA) has established the International Maritime Center 2030 (IMC 2030) Advisory Committee to chart the future directions of Singapore’s IMC. Andreas Sohmen-Pao, Chairman of BW Group
Parent group transfers $36 mln to troubled shipper. It may cost over $150 mln to unload stranded cargo. The chairman of Hanjin Group transferred 40 billion won ($36 million) to Hanjin Shipping on Tuesday to help unload cargo stranded on the troubled shipper's vessels, a spokesman said
International Bunker Industry Association (IBIA) has finalised a Standard Operating Procedure (SOP) to help bunker surveyors identify their responsibilities when overseeing bunker deliveries involving Mass Flow Meters (MFMs) in Singapore.
Grand Bahama Shipyard Limited (GBSL) has added three regional sales directors to its Marketing and Sales Division, with posts in the Americas, Europe and Asia/Middle East. According to the shipyard, their prime objectives will be to increase yard exposure