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NOAA Offers a New Way to See Currents

HFRadar like this one shown off the entrance to San Francisco provides the data for NOAAs news ocean surface current product. (Image credit: With permission from San Francisco State University.)

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 Wins Bergesen Order

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


Maritime Administration Releases Compilation of Maritime Laws

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.


ClassNK Reorganizes Management Team

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. Announces Management Appointments

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


Siemens Ups Stake in Offshore Renewables

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.


Rigdon Continues With Ten Boat Program

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


Ingemanson New President of Volvo Penta

Björn Ingemanson web.jpg

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


Great Eastern Shipping to Sell Large Cargo Ship

Picture: Great Eastern Shipping Company Ltd

 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


KSA Donates $50,000 to World Maritime University

From left: Cleopatra Doumibia-Henry, Kyong-Hoon Kim and Neil bellefontaine (Photo: KSA)

Yesterday in Malmö, Sweden, the Korean Shipowners’ Association (KSA) made a donation of $50,000 to the World Maritime University.   The donation was handed over by KSA chairman, Youn-jae Lee, at a ceremony attended by Cleopatra Doumibia-Henry (president designate of WMU) and Neil Bellefontaine (current president).   WMU moved into Malmö city earlier this month and KSA’s donation will be used to furbish the university’s cafeteria which has now been


Uni Asia Forms New Subsidiary and Buy a New Vessel

Pic: Uni-Asia Holdings Limited

 Uni-Asia Holdings Limited has acquired a new wholly owned Panama-incorporated company known as Fortuna Containership S.A. as a ship owning subsidiary for the purpose of acquiring a 3,500 TEU second hand containership.   Fortuna Containership was incorporated in Panama on 20 May 2015


TORM's Restructuring Agreement Becomes Effective

TORMs Copenhagen headquarters

As previously reported, TORM has obtained the creditor consents necessary to implement its Restructuring through an English law Scheme of Arrangement (cf. announcement no. 15 of 25 June 2015). The Scheme has now been sanctioned by the High Court of England and Wales and the sanction order has


Greek Shipping Mulls Cyprus Move

Image: Kaskoutas Shipping Agency

 Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged, reports Cyprus News Agency.   The director general of the Cypriot Shipping Chamber, Thomas Kazakos, said that a small number of Greek shippers have contacted


The Submarine Electricity Transmission Market Is Expected to Reach $25 Billion in 2024

Image: International Electrotechnical Commission

 According to a new report from Navigant Research, the global submarine electricity transmission market is expected to grow from $16.8 billion in 2015 to $24.8 billion in 2024.   “Over the past several years, two market drivers have emerged as dominant forces shaping this market:


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.  


Maersk Oil Targets North Sea Lead

Maersk Oil is investing nearly $5 billion in Culzean and the first phase of Johan Sverdrup, one of Norway’s largest ever discoveries. (Image: Maersk Oil)

Maersk Oil says there is still huge potential value in the North Sea, citing projects like Culzean – which received board approval this month – and Johan Sverdrup, as the Danish oil and gas company aims to improve from its current rank of ninth to become a top-five producer in the


Twin Disc Elects Knutson CFO, Treasurer

The board of directors of Twin Disc, Inc. has elected Jeffrey S. Knutson to the position of chief financial officer and treasurer effective June 22, 2015 in addition to his current roles as vice president of finance, corporate controller and secretary.   


Greece's Creditors Take Aim at Shipowners

Greek ports. Image: Polish Embassy in Athens

 Greece's international lenders are asking the debt-laden country to hike vessel tax, according to a report in the Financial Times. The shipping sector is a vital generator of income for Greece.   According to an official document indicating steps Greece must take


Imperial Oil/Exxon/BP Gr defer drilling in Canada's Arctic

Photo Chevron

  Imperial Oil Ltd said on Friday it and partners Exxon Mobil Corp  and BP Plc need more time before they can drill an exploratory well in Canadian Arctic waters and are seeking an extension to their exploration license in the region.


TGS to Acquire Polarcus' Multi-Client Library

Photo: Polarcus Limited

 Polarcus Limited has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company for the sale of its multi-client projects in Northwest Europe and West Africa in return for a cash consideration of US$27.5 million and future revenue share on library late sales.  


Polarcus Divests from Select Projects in Europe, Africa

polarcus logo.png

Polarcus Limited announced it has signed a Letter of Intent (LOI) with TGS-NOPEC Geophysical Company ASA (TGS) for the sale of its multi-client projects in Northwest Europe and West Africa (MC Projects) in return for a cash consideration of $27


FUGRO, Cross Group Awarded Multi Well GoM Contract

Photo courtesy of FUGRO

Fugro’s dynamically positioned multi-purpose drilling, well intervention and geotechnical vessel, Fugro Synergy, will showcase her capabilities on a multi well intervention campaign which recently started in the Gulf of Mexico. The campaign involves utilization of a top tensioned 6


Global Ship Lease Extends Panamax Charter with X-Press Feeders

Image: Global Ship Lease (GSL)

 Global Ship Lease, Inc. has agreed to extend the time charter for the Ville d'Orion, a 1997-built, 4,113 TEU vessel currently on charter with Sea Consortium Pte Limited, doing business as X-Press Feeders.    The extension is to between November 26, 2015 and February 26, 2016


Samsung Bags Order for Decks on Johan Sverdrup

Johan Sverdrup

  Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung the contract for decks for both the process and riser platforms.  The total contract value is NOK 7 billion. The contract is a fabrication contract (FC) of decks for the process and riser platforms


Bahri Goes to Hyundai Samho for Five More VLCCs

Image: National Shipping Company of Saudi Arabia (Bahri)

 Immediately after signing contract with signed with Hyundai Samho Heavy Industries to build five VLCCs, with an option to build additional five VLCCs, the National Shipping Company of Saudi Arabia (Bahri) signed a contract with Hyundai Samho Heavy Industries to build additional five VLCCs






 
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