A new NOAA National Ocean Service website will provide mariners near real-time coastal ocean surface current observations and tidal current predictions in coastal waters using high frequency (HF) radar, making marine navigation safer for mariners and commercial shippers. The web-based observations are now available for the Chesapeake and San Francisco Bays in areas vital for marine navigation, with additional locations to follow. The product was made possible by NOAA’s Center for Operational Oceanographic Products and Services (CO-OPS) using data from the NOAA-led U.S. Integrated Ocean Observing System (IOOS). “By partnering to create new tools like HF radar surface currents, we are providing a more complete picture of a very dynamic environment,” said Richard Edwing, director of CO-OPS. “This is a great example of how coastal environmental intelligence better enables informed decisions to be made for safe navigation and other uses. We will continue to work with our partners in the navigation community to enhance and expand this product and eventually integrate it into NOAA’s Physical Oceanographic Real-Time System (PORTS) products.” Currents in the ocean are equivalent to winds in the atmosphere because they move things from one location to another. These currents carry nutrients as well as pollutants and marine debris, so it is important for scientists and mariners to know the currents for ecological, economic and safety reasons
Hitachi Zosen Corp., a major Japanese shipbuilder, won 29 billion yen worth of orders from Bergesen D.Y. Group ASA of Norway for four 300,000-ton oil tankers. The tankers will be delivered between March 31, 2000 and January 31, 2001, a spokesman for Hitachi Zosen said. Hitachi Zosen posted a parent current loss of 17.49 billion yen for the year ended March 1999, its first current loss in 10 years, against current profit of 7
Clarksons Research is exploring into the impact of the demand side on the state of health of the shipping markets. Despite the fact that today’s global orderbook appears less onerous than previously (at 16% of the fleet), capacity levels are still important. A look at the future of the supply side can provide an idea of just how hard a balancing act the markets still face in today’s demand conditions.
British tidal energy company, Marine Current Turbines Ltd, announced that Siemens is increasing its share in the company to 45%. “With this increase in its stake, Siemens is strengthening its activities in ocean power generation. We will actively shape the commercialization process of innovative marine current power plants,” said Michael Axmann, CFO of the newly founded Solar & Hydro Division within Siemens’ Energy Sector.
Classification society ClassNK has announced that it will reorganize its Board of Directors as part of a larger corporate reorganization, effective July 1, 2011. As part of the reorganization, ClassNK’s four current Managing Directors -- Shosuke Kakubari, Koichi Fujiwara, Takuya Yoneya, and Yasushi Nakamura -- will be promoted to Executive Vice Presidents and take up positions alongside current Executive Vice Presidents Hiroshige Kitada and Toshitomo Matsui
Transocean Ltd. announced the following management appointments, effective immediately. Ricardo H. Rosa has been named Executive Vice President and Chief Financial Officer. Prior to being named to his current position, Mr. Rosa served as Senior Vice President and CFO. Arnaud A.Y. Bobillier has been named Executive Vice President, Operations Integrity, responsible for driving continuous improvement companywide. Before being named to his current position, Mr
The Maritime Administrations announced it has released its annual Compilation of Maritime Laws for fiscal year 2007. Each year since 1995, the Maritime Administration has published the laws as an essential reference for its Agency leadership and staff. The compilation is also widely used by the Members of Congress, their staffs and committees, attorneys practicing in the area of Federal Maritime Law and interested members of the general public.
The 54-foot beam on the GPA-640 class PSV St. Louis contrasts with the narrower 46-foot beam on the GPA-654 class Triple Play in this image of the two vessels at Port Fouchon?s Seaport Terminal. On December 7, 2007, the fourth in a 10 boat series of GPA-654 class diesel-electric platform supply vessels for Rigdon Marine, the Slam Dunk, was delivered alongside Bollinger’s facility in Port Fourchon. At the same time the fifth and sixth of the series were taking shape at Bollinger’s Lockport
Björn Ingemanson, 53, has been appointed new President of Volvo Penta. Ingemanson is currently President of Volvo Trucks’ International Division and will assume his new position on April 1, 2012, when he will succeed the current President Göran Gummeson, who will retire next year. Ingemanson has a long history at the Volvo Group and his past positions include CFO of Volvo Trucks and European head of the Group’s customer financing company, Volvo Financial Services
India's largest private sector shipping firm Great Eastern Shipping Company Ltd. (GE Shipping) has signed a contract to sell a 1996-built capesize dry bulk carrier Jag Arjun by this March-end. "The vessel will be delivered to the buyers during the fourth quarter (January-March) of the current fiscal," the company said in a statement. Capesize dry bulk carriers, the largest cargo ships plying in international waters, are mainly used to transport coal
Alibra Shipping Research Weekly Market Report takes a look on current market scene of bulk carriers. For a little while now, the story has been “Now’s a great time to buy bulk carriers, asset prices are low…” We’re cautious of following the herd
Despite the current weakness in LNG shipping rates, Drewry maintains its bullish long-term outlook for LNG shipping and believes that the market will require more vessels than listed on the current orderbook, according to the latest edition of the LNG Forecaster report published by global
Navios Maritime Midstream Partners LP (NAP) has reported second-quarter earnings of $5.9 million. It says revenue for three month period ended June 30, 2016 increased by $4.3 million to $22.7 million. The company said it had net income of 28 cents per share
Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas decommissioning sector: topside decommissioning offshore platform removal, and subsea cleaning and removal
Greece-based Diana Containerships Inc. has reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier. The shipping company posted revenue of $8 million in the period. Net loss for the six months ended June 30
India has inked a deal with the US defence and aerospace giant Boeing to procure four more Poseidon-8I (P-8I) long-range surveillance and anti-submarine warfare aircraft ( submarine hunter planes) worth $1 billion. According to industry sources
Gulf Petrochem Group, the UAE based global bunker supplier, has announced that it is now officially offering physical bunker supply in the port of Rotterdam, out of its new office based in Dordrecht. The office will cater to the group’s global customers and provide them with a wide
Compared to the first half of 2015, which saw throughput increased by 6.8 percent, the Port of Rotterdam handled 3 percent less cargo in the first six months of 2016, according to the Port of Rotterdam Authority. The most pronounced decrease could be observed in the dry bulk segment
In December 2013, Alibra’s market report front page read: “When in shipping, do as the Greeks do.” At that time, Alibra was referring to the fact that 31% of the LNG carrier orderbook had been ordered by Greek owners.
Following a long illness George Chao, a shipping legend in Hong Kong and president of Wah Kwong Maritime Transport, died, aged 76, in hospital. WAH Kwong Maritime Transport Holdings, established 64 years ago, is now one of the largest privately owned shipowners in Hong Kong.
At the end of June, two Damen ASD Tugs 2810 set sail from Damen Shipyards Galati in Romania to Puerto General de San Martin (Argentina) for towing, mooring, and fire-fighting operations in the Argentinian region around Rosario on the Paraná river.
Keppel Offshore & Marine Ltd (Keppel O&M)'s wholly owned subsidiary Keppel Singmarine Pte Ltd (Keppel Singmarine) has secured contracts from Jan De Nul Group to build three Trailing Suction Hopper Dredgers (TSHDs). The TSHDs are worth about S$100 million in total.
Royal IHC has entered into a partnership with NETICS, a civil engineering and consultancy agency. A leading global player in engineering with dredged sediments, NETICS specialises in ‘building with nature’ and designs innovative hydraulic structures made from reclaimed sediment.
UASC announced two new Indian Subcontinent – Europe services (IEC1 & IEC2), to better align with its customer's needs, providing a superior service between India Subcontinent and Europe with enhanced reliability and more competitive transit times.
CMA CGM Group announced the launch of two new weekly services, EPIC 1 and EPIC 2, between the Arab Gulf, Pakistan, North West India and North Europe. The current Epic service will make room for the two new weekly services. EPIC 1 offering a direct connection between North Europe and Pakistan