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Good News

Korea Shipbuilders Win Orders Worth $1B

According to a Jan. 12 report from The Chosum Ilbo, Korean shipbuilders won new orders worth over $1b in the first 10 days of the new year, in a complete reversal of the situation last year. STX Offshore & Shipbuilding and Hanjin Heavy Industries delivered the good news on Jan. 11, and Daewoo Shipbuilding & Marine Engineering and Sungdong Shipbuilding & Marine Engineering won new orders earlier. Industry insiders said an overseas marketing drive in the second half of last year finally paid off. (Source: The Chosun Ilbo)


New Ferry Service from West France to North Spain

Minister for Transport, Tourism & Sport Leo Varadkar has welcomed a new ferry route into Ireland in a matter of weeks, after LD Ferries confirmed a weekly service from western France and northern Spain. The LD Ferries service will connect Rosslare with St Nazaire on the west coast of France, and with Gijón in northern Spain. “This is a very welcome announcement and provides a valuable new landbridge from France and Spain into Ireland


MSC to Add Argentina and Amazonia Express Services

Mediterranean Shipping Company (MSC) will enhance its East Coast South America and Caribbean services this month by introducing a new Argentina Express and an Amazonia Express service in addition to its weekly service from the ports of Charleston, Houston, Jacksonville to South America via Freeport, Bahamas, and new all-water service to Caribbean ports from Miami and New Orleans. “MSC will offer an all water service from Miami and New Orleans for the first time to a select number of ports in


EMMF Says e-bunkering Needs People

ExxonMobil Marine Fuels says e-bunkering is here to stay. "But," says Joe Rud, vice-president, "People can adapt to the complex needs of bunkering better and more quickly than websites. E-commerce has now settled down to its correct place in the bunker business. But e-suppliers must always include a phone number which lets buyers talk to a real person." Rud was writing in the current issue of HorsePower, EMMF's newsletter


Bureau Veritas Operating Profits Up 51 Percent

Leading international classification society Bureau Veritas announced first half operating profits of $54.17 million, up 51 percent on the same period last year. Net income rose 43 percent to $35.04 million on a 20 percent increase in turnover. A 19 percent growth in marine revenues, mostly due to growth in new building contracts, underpinned the strongly improved results. Bernard Anne, head of BV's marine division, says


Big Ideas Sometimes Come in Small Packages

Depiction of Hyde system

Hyde Marine’s chemical-free, IMO Type Approved ballast water treatment solution packs performance in a smaller footprint. That’s good news for small vessel operators who may soon find themselves impacted by a problem that previously was thought to be a “bluewater” issue.   BWT and Brown Water The notion that ballast water treatment and invasive species are both strictly the domain of big


DHS to Fund S.C. State & Local Port Security

Department of Homeland Security (DHS) Secretary Janet Napolitano and U.S. Senator Lindsey Graham announced an agreement between DHS and the state of S.C. to use $800,000 in fiscal year 2009 homeland security grant funds to support state and local law enforcement personnel stationed at SeaHawk, a U.S. Coast Guard-led security initiative operating at the Port of Charleston. "SeaHawk represents a critical partnership between federal


UPDATE: OMB Declares USCG BWT Standard as "Final"

Draft USCG ballast water rule now finalized, according to OMB.   The Office of Management and Budget (OMB) completed its review of the Coast Guard's Ballast Water Discharge Standard regulations in accordance with Executive Order 12866, and changed its designation from an Interim Final Rule to a Final Rule on February 24, 2012. The Coast Guard is preparing it for publication in the Federal Register, and expects to complete the administrative process within 30 days.  


Odfjell Records Steady Q3 Earnings

EBITDA of $37 million is reflecting stable earnings both from chemical tankers and tank terminals in the third quarter. For the chemical tankers business, activity over the summer and through the third quarter held steady and was in line with the second quarter on both contract nominations and spot activity. In September Odfjell signed shipbuilding contracts with Nantong Sinopacific Offshore & Engineering Co., Ltd for the construction of four LPG/Ethylene carriers of 17,000 cbm


Seafarers Charity Aids Crew, Families of Fatal Ship Collision

Photo: Apostleship of the Sea

The dangers of shipping and fishing should not be underestimated, said seafarers’ charity Apostleship of the Sea, following the collision of a car carrier and a fishing boat in Spanish waters. Media have reported that three crew are confirmed dead after the Baltic Breeze, a Singapore-flagged car carrier, collided with a fishing boat near the Spanish port of Vigo in the early morning of Tuesday, April 1. The Baltic Breeze and its crew are well known to the Apostleship of the Sea


UK Budget 2014 Good News for Shipping: Analysts

Chancellor of the Exchequer: Rt Hon George Osborne MP: Official photo

The UK government’s Budget 2014, issued on 19 March 2014, is good news for UK shipping as it ensures the continuation of a stable UK tax regime for shipping, as has been the case for the past few years, according to international accountant and shipping adviser Moore Stephens.


IMO NOx Emission Requirements on Course for 2016

IMO’s Marine Environment Protection Committee has reached agreement on the entry into force date of new, stricter requirements for ships’ emission of NOx in emission control areas (NECAs). At the last session of the IMO Marine Environment Protection Committee


House LNG Export Bill Advances

The Subcommittee on Energy and Power today approved H.R. 6, the Domestic Prosperity and Global Freedom Act, by a vote of 15 to 11. Authored by Rep. Cory Gardner (R-Colo.), the legislation would cut through the red tape blocking exports of U.S. liquefied natural gas (LNG). H.R


Newport News Shares Modeling, Simulation Practices

Newport-News-built aircraft carrier USS Theodore Roosevelt (Photo courtesy Huntington Ingalls Industries, by Ricky Thompson)

Huntington Ingalls Industries' (HII) Newport News Shipbuilding division will share modeling and simulation practices used in the design and construction of aircraft carriers and submarines during the MODSIM World Conference this week. The shipyard is among more than 25 organizations sharing best


Two Activists Granted Bail in Arctic 30 Case

Arctic Sunrise (Photo: Greenpeace)

Two Greenpeace activists were today granted bail in St Petersburg, becoming the fourth and fifth of the so-called Arctic 30 to be told they will soon be released. Brazilian Ana Paula Maciels, 31, and David Haussmann from New Zealand, 49, from New Zealand were told they will be released from jail


Irish Ferries Launches Dublin-Cherbourg Ferry Route

Irish Ferries - Epsilon.jpg

A new direct passenger car ferry service linking Dublin with the French port of Cherbourg is being introduced by Irish Ferries with the first sailing departing from Dublin on January 18. The once-weekly, year-round service – which the company’s head of passenger sales Dermot


Suezmax Tankers: Lifeline Ahead?

Tankship image courtesy of Torm

Despite the firming of broader demand fundamentals short-term, the Suezmax sector still faces more wild cards that other sectors in the years ahead, considers Poten & Partners in a recent Market Opinion from their Commodity Consulting & Analytics department. Excerpts follow:


The Brits Turn Again to the Sea

Image credit Sea Vision

The number of people applying to train to become an officer in the British Merchant Navy is at a 10 year high, says the non-profit 'Sea Vision' which promotes careers and education for young people in the maritime sector, as follows: Glasgow based Clyde Marine Training


Commissioner Doyle: China Clarifies VAT

fmc.png

Last week Commissioner William P. Doyle of the Federal Maritime Commission (FMC) briefed the full Commission with a report on his work seeking clarity and certainty on the People’s Republic of China’s (PRC’s) implementation of the Value Added Tax (VAT) as it relates to maritime


Shipping Confidence Trending Higher Into 2014, Finds Survey

Average confidence graph: Image courtesy of Platts

The shipping world appears to be entering 2014 with a higher level of confidence than it has the past three years, according to the latest Shipping Confidence Survey from international accountant and Maritime London member Moore Stephens.


Marine Manufacturers find ... "There’s an APP for that"

Pictured is our own Martime Global News App, which includes daily news from MarineNews and sister publication Maritime Reporter, has more than 10,000 downloads since its inception.

Marine product providers turn to high tech tools to enhance service, information and – yes – their bottom lines. There’s an APP for that. You’ve heard it before and in many contexts. Increasingly, the global waterfront is getting into the act, too


Law Firm Ince & Co Advise on Huge Jack-Up Rig Deal

Martin Brown: Photo courtesy of Ince & Co

International law firm Ince & Co (Singapore) LLP represented Oro Negro in its international bond issuance, an offering of US$725-Million Notes due 2019. Partner Martin Brown described the issue as very good news for both the global high yield market and the oil services sector including the


Good News for Inland Waterways - Just in Time

On January 17, 2014, Congress averted another government shutdown with a “just in time” delivery of an Omnibus Appropriations bill. Thankfully, some good news for the inland waterways also has arrived; Just in Time! The recent Consolidated Appropriations Act of 2014, or Omnibus bill


Short Seas in the Long Run

Built by All American Marine, the 83’ aluminum fast cat designed by Teknicraft Design is hydrofoil-assisted and cruises at 27 knots.

Building for the possibility of shortsea shipping involves many variables. The novel concept of rebirthing short sea shipping into what it once was or could be, may remain just that, a novelty. It would be paramount to overcome the “my way


VAVE Promises New Digital Reality

Photo Courtesy of MCP

Maritime Communications Partner (MCP), the Telenor-owned on-board communications specialist, has announced the launch of VAVE, a unique digital business enablement platform for the cruise and ferry industry. The news follows the successful completion of an eight-month technical trial on the


 
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