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)
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
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
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
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
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
The U.S. Navy has awarded a team that includes Austal USA, a $9 million contract to develop a preliminary design for the Littoral Combat Ship (LCS). This selection means that of the 6 original teams competing for these awards, the team that includes Austal USA is one of three teams that was down-selected in the competition to build the first two ships of this class. With its expertise in large, high-speed aluminum vessels, Austal, as the designer and builder of
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
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.
Bipartisan legislation introduced by Senator Mark Begich (D-AK) and nine co-sponsors would establish a strong, nationally consistent standard for ballast water and other vessel discharges, bringing good news for the marine environment and for maritime commerce, the American Waterways Operators (AWO) announced. S. 3332, the Vessel Incidental Discharge Act, would require the U.S. Coast Guard to implement the most environmentally protective ballast water discharge standard achievable by
The shipping industry has welcomed a decision by the European Commission to keep in place unchanged guidelines relating to state aid to maritime transport, which include tonnage tax regimes, but seafarers' union Nautilus sees it differently, according to the UK maritime industry's latest 'Maritime
Port Everglades officials are encouraged after the House of Representatives passed the Water Resources Reform and Development Act (WRRDA) this week by a vote of 417-3, including the Manager’s Amendment which would allow Port Everglades to move forward with its critical harbor deepening and
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
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
Volvo Penta is now launching IPS900 with Rating 3 for commercial boats, which they say means a larger number of boats for commercial use can take advantage of the well-known IPS benefits: improved fuel economy, better maneuverability and lower overall operating costs.
After 2-years of negotiations, the European Union (EU) agrees a workable deal on fisheries reform to recover fish stocks and support low-impact fishing. Following late-night talks, Irish fisheries minister Simon Coveney, representing the Council of European ministers
The Australian Minister for Defense Materiel Mike Kelly announced the signing of a $21 million four-year contract with AMC Search Ltd to provide Pacific Patrol Boat (PPB) training services. Dr. Kelly said AMC Search Ltd (AMCS) is the commercial arm of the Australian Maritime College
Power generation from hydro, wind, solar and other renewable sources worldwide will exceed that from gas and be twice that from nuclear by 2016, the International Energy Agency (IEA) said today in its second annual Medium-Term Renewable Energy Market Report (MTRMR).
Caterpillar, Wärtsilä and Volvo Penta introduce new, efficient and environmentally compliant engines. A crowded market becomes even more competitive. Forget all the worries about how industry would be able to comply with the coming changes to the regulatory scheme that affects marine
London maritime business are hiring again, according to global shipping industry recruiter Faststream. The Southampton headquartered company reports that it has seen a 20% rise since the start of the year in vacancies for commercial positions across a range of business types including shipowners
Majority Say U.S. Infrastructure in Poor Condition and Hurting Competitiveness National Association of Manufacturers (NAM) President and CEO Jay Timmons joined today with Building America’s Future (BAF) Co-Chair and former Pennsylvania Gov
International accountant and shipping consultant Moore Stephens says total annual operating costs in the shipping industry fell by an average 1.8% in 2012. This compares with the 2.1% average rise in costs recorded for the previous year. There was a significant reduction in costs across all
Linda Hudson, President and CEO of BAE Systems, Inc. said she has been told that little legislative progress had been made so far, and voiced her concern over the impact a lengthy shutdown could have on businesses, and the families, communities and customers that depend on them
Italian divers have recovered more bodies from the wreck of a people smugglers' ship that sank off the tiny island of Lampedusa, raising the death toll to 275, while prosecutors have detained a man suspected of being the ship's captain, reports Fox News.
International accountant and shipping adviser Moore Stephens has welcomed a decision by the European Commission to keep in place in their current form the guidelines relating to state aid to maritime transport, which include EU tonnage tax regimes