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Five Year

November Ore Shipments Up on Great Lakes

Iron ore shipments on the Great Lakes reached their highest level so far this year in November. The trade totaled 4.6 million net tons, an increase of 27 percent over the preceding month. The upturn reflects higher operating rates at the nation’s steel mills that, in turn, have required the sailing of some U.S.-Flag lakers that had been idled. The most recent reactivation was on November 25 when the American Republic returned to service. The vessel was designed specifically to shuttle iron ore on the twisting Cuyahoga River in Cleveland, Ohio. Comparisons with a year ago and the month’s five-year average illustrate the depth of this recession. November loadings were six percent off the pace of a year ago, and nearly 14 percent behind the month’s five-year average. For the year, the Great Lakes iron ore trade stands at 27.5 million tons, a decrease of 50.1 percent compared to a year ago. The decrease is only slightly less when compared to the trade’s five-year average for the January-November timeframe – 49.3 percent.


FMC Technologies, BG Norge Agreement

FMC Technologies, Inc. (NYSE: FTI) announced that it has signed a multi-year frame agreement with BG Norge, a subsidiary of BG Group, to provide subsea systems for offshore projects. The five-year contract includes provisions for two additional five-year extensions. The agreement also includes an immediate call-off to perform a detailed engineering study related to equipment and services to support the Jordbaer field, located in the Norwegian North Sea.


Hearing – Homeland Security: The Next Five Years

The Senate Committee on Homeland Security and Governmental Affairs conducted a hearing entitled Homeland Security: The Next Five Years. As explained in her opening statement, Senator Susan M. Collins (R-ME) wants to assess the homeland security challenges the next five years will bring. Michael Chertoff, Secretary of Homeland Security, discussed those challenges, including port and maritime security. He noted that not every risk can be eliminated


Panama Canal Pilots Agree To Five-Year Contract

Panama Canal administrators and the waterway's most important human resource, the pilots, reportedly agreed on a five-year contract, ending 13 months of labor negotiations.


$60.7B: Total Offshore Wind Spend

New research released by energy business analysts Douglas-Westwood reveals the world offshore wind market will see expenditure of $60.7B over the next five years. By 2015, annual expenditure will be in excess of $19B. With over 3GW of capacity online by the end of 2010 and a further 2GW under construction at present, the offshore wind industry is growing extremely quickly. Over the five year period to 2015, more than 11GW of new capacity will be installed


MR Tankship Market Analysis: Second-Hand Price-Rise Outstrips Newbuild

MR2 Tanker Values: Image McQuilling Services

In their latest analysis, shipbrokers & marine transport consultants, McQuilling Services, in their latest analysis discuss observations, current and historical, for the clean tanker market, specifically MR tankers. The report concludes that they believe the current MR secondhand asset market will adjust to reflect the weak TCE (Time Charter Equivalent) environment over the longer term. Excerpts as follows: " In Figure 1 [shown here] we display the price movements over the last 15


Great Lakes Iron Ore Trade Up 30% in October

Iron ore shipments on the Great Lakes totaled 5,026,477 net tons in October, a 6.1% decrease compared to September, but a 30.5% improvement over a year ago.  Even so, loadings were still 8.6% below the month’s five-year average. October loadings at U.S. Great Lakes ports increased 28.3% compared to a year ago.  Shipments from Canadian ports along the Seaway were up 46%. Year-to-date the Lakes ore trade stands at 44 million tons


Dredging Services in the US Market Research Report

IBISWorld report indicates that government & private funding is expected to boost revenue for the US dredging industry. Excerpts from the report are as follows: A weak economy has made growth for dredgers slower than expected. Nevertheless, increased government and private-sector funding is expected to boost revenue for the industry over the next five years. While lacking in prominence, the Dredging Services industry is an essential part of the US economy


Vale Plans to Double Iron Ore Exports to China

Photo: Vale

Brazilian mining company Vale SA plans to double its iron ore exports to China within five years, Jose Carlos Martins, the company's head of ferrous metals, told reporters on Thursday. Rio de Janeiro-based Vale is the largest producer and exporter of iron ore, the main ingredient needed to make steel. Martins also said the company plans to export about 400 million tonnes of iron ore a year within five years, nearly 50 percent more than the 270 million tonnes it exported in 2013.


Farstad to Perform Subsea Support for Technip

Farstad Shipping ASA has been awarded a five-year framework agreement by Technip Norge AS for delivery of ROV support operations, light construction work, IMR and other subsea related activities.   The agreement gives Technip the right to utilize the vessel up to 320 days per year, and to extend the contract with a further up to five-year period. Commencement of the framework agreement will be first quarter 2017.  


Edelweiss Now Controls Bharati Shipyard

Image: Bharati Shipyard

 Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.   Edelweiss now controls 70% of the Indian yard’s debts. A month ago plans were made to change the yard’s name to Bharati Defence and Infrastructure as part


Climate Change Will Forever Alter Key Ocean Microbes

Image: ARC Centre of Excellence for Coral Reef Studies

 Global warming will irrevocably mutate a micro-organism that plays a crucial role in the ocean food chain, reports a study.   Trichodesmium (referred to as “Tricho” for brief by researchers) is likely one of the few organisms within the ocean that may “repair”


China Ready with ECAs

Image by Natural Resources Defense Council

 China has taken 'important step' in tackling ship-generated emissions. China is also developing Emission Control Areas (ECAs) in its major ports.   China's Ministry of Transport (MoT) has formally unveiled its five-year working scheme that aims to reduce the country’s shipping


Ballast Water System Retrofits for 11 Containerships

The Cap Ines will be the first of the Bernhard Schulte fleet to be retrofitted with a Wärtsilä BWMS solution. (Photo: shipspotting.com)

Eleven container vessels owned by Bernhard Schulte GmbH & Co. KG, based in Germany, are to be retrofitted with Wärtsilä Aquarius Ballast Water Management Systems (BWMS), Wärtsilä announced today.   The 11 containerships to be retrofitted range in size from 2,600 to 5


GC Rieber Shipping Earns Well

Ernest Shackleton, Polar Research Vessel. Photo: GC Rieber Shipping

 GC Rieber Shipping has more than doubled its net profit for the second quarter and recorded a year-on-year increase in profit on more vessels in operations and currency gains. However it has warned of a continued focus on shorter contracts in the future.  


Floating LNG Plant Proposed for Saanich Inlet

Artists rendering off proposed floating LNG plant in Saanich Inlet   Photograph By Steelhead LNG

 The Malahat First Nations and Steelhead LNG plan for a floating natural gas liquefaction plant proposed for the waters of the Saanich Inlet.    The Mill Bay-based Malahat First Nation and Vancouver-based Steelhead LNG have entered into a partnership - to be known as Malahat LNG


MISC to Divest 50% Shareholding in VTTI

MISC Berhad and its wholly-owned subsidiary MTTI Sdn. Bhd. have today entered into an agreement with VIP Terminals Finance B.V. to dispose 50 percent of the issued share capital of VTTI B.V., for a cash consideration of $830 million, subject to completion of the conditions precedent


MISC Divests Oil Storage Venture with Vitol

Yee Yang Chien, President CEO of MISC

  MISC Berhad informed that its wholly-owned subsidiary MTTI Sdn. Bhd.have entered into an agreement with VIP Terminals Finance B.V. to dispose 50 percent of the issued share capital of VTTI B.V. for a cash consideration of $830 million, subject to completion of the conditions precedent


BMT Designers & Planners Names Skvarla President

Kai Skvarla (Photo: BMT Designers & Planners)

BMT Designers & Planners, a subsidiary of the maritime design, engineering and risk management consultancy BMT Group, has announced the promotion of Kai Skvarla to President.   Formerly Vice President of Strategic Planning with BMT for the past five years


Webb Institute Hires New Assistant Professor

Michael T. Martin (Photo: Webb Institute)

Webb Institute announced Michael T. Martin, PE as its new Assistant Professor of Electrical Engineering. Prof. Martin has over 23 years of experience as a marine electrical engineer with a broad background in electrical systems including, electrical propulsion, power generation, power distribution


Fouling Release Boosts Hull Performance

Bulk carrier being sprayed with Duplex in Chinese yard

A silicone coating that keeps hulls free of marine growth while boosting the vessel’s performance and fuel economy will be featured on the Fujifilm Smart Surfaces stand at Marine Maintenance in Antwerp.   The Duplex fouling release system was developed by the U.S


Qatar Onslaught of LNG Supply to Shake-up the Market

Photo: Qatargas Operating Company Limited

 Gas giant  Qatar is the world’s top supplier of liquefied natural gas (LNG), but in the coming five years it could be surpassed by Australia, a shift which could weigh on its dominance in Asia, reports Reuters.   Asia accounts for almost three quarters of the global market


Rolls-Royce Showcases MTU's Drive System

Dr Ulrich Dohle (left), CEO of Rolls-Royce Power Systems, talks to Winfried Hermann, Minister of Transport in Baden-Württemberg, about eco-friendly drive concepts for rail transport.  (Photo: Rolls-Royce)

Winfried Hermann, Minister of Transport and Infrastructure of Germany’s federal state of Baden-Württemberg, paid a visit to Rolls-Royce Power Systems in Friedrichshafen, where he was keen to learn about eco-friendly drive concepts for rail transport.


Shell Charters Regalia in 2016

Regalia (Photo: © Prosafe)

Prosafe announced it has signed a contract worth approximately $24 million with Shell U.K. Limited for the provision of the Regalia semi-submersible accommodation vessel at the Brent C platform in the U.K. sector of the North Sea. The short duration contract commencing in the second quarter of


Maersk's Blend-on-Board Project to Market Soon

‘SEA-Mate Blending-on-Board’ is the creation and core product of Maersk Fluid Technology. Photo: Maersk Fluid Technologies

 The Danish shipping giant Maersk has decided to commercialise its new tech invention -  SEA-Mate Blend-on-Board - developed by the subsidiary Maersk Fluid Technologies (MFT), says Denmark's post.   The new technology recycles motor oil and has saved Maersk 110 million kroner






 
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