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)
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
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
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
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
Big Ideas Sometimes Come in Small Packages
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
Austal USA Team Moves onto Next Stage for LCS
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
Austal Designated Largest Local Manufacturer
The Mobile Area Chamber of Commerce has recently confirmed that Austal topped the list of local manufacturers for having the most employees. Austal’s U.S. facility now has 1,257 full-time employees, up from just under 900 in the beginning of the year. Austal’s recruiting staff was challenged in the beginning of the year with hiring 100 qualified applicants a month and are predicted to continue to do so through May and June
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.
AWO: Senate Bill Would Protect Marine Environment
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
Proceeding Quietly with Vigor
West Coast Shipyard banks on the old adage, “if we build it, they will come.” In a climate of both seemingly fat backlogs and at the same time uncertainty for domestic shipyards, Vigor Industrial is one company that continues to make news in the shipbuilding and repair merger and
U.K. Offshore Wind Farm J/V Awards £15m in contracts
Joint venture partners in the East Anglia Offshore Wind Zone, Vattenfall & ScottishPower Renewables, support local sub-contractors. Vattenfall and ScottishPower Renewables, joint venture partners behind the East Anglia Offshore Wind Zone
North American Oil Supply Shocks Markets
IEA’s Medium-Term Oil Market Report sees companies overhauling global investment strategies; meanwhile, surge in non-OECD refining capacity shakes up product market The supply shock created by a surge in North American oil production will be as transformative to the market over the next
US Shipbuilder Receives Environmental Awards
Huntington Ingalls Industries' Newport News Shipbuilding (NNS) division receives HRSD gold awards. NNS received gold awards for meeting industrial waste water discharge limits mandated by Hampton Roads Sanitation District (HRSD) and for meeting HRSD's technical and administrative requirements
Rolls-Royce Marine Gas Engines: U.S. EPA Approval
Rolls-Royce said the U.S. Environmental Protection Agency (EPA) approved for sale in the U.S. market its marine gas engine designed to improve fuel efficiency, cut harmful methane emissions and meet international environmental standards set to take effect in 2016.
UK Government's Vessel Funding Competition Explained
IMarEST Ship Propulsion Systems Conference speaker explains the government's new initiative in advance of upcoming meeting. The UK Government’s Technology Strategy Board (TSB) is shortly to announce the launch of a competition into vessel efficiency
Tankship Repair Contracts for Damen Shiprepair Brest
Damen Shiprepair Brest contracted to dry-dock a high-quality trio of Scandinavian tankers, other work too in a busy yard. After the successful execution of the contracts on the Bonny Gas Transport ‘LNG Sokoto’ and the LNG carrier ‘Lalla Fatma N’Soumer’
PoH: Upward Trend Continues in Financial Results
And More Good News: Partnership With Two Cruise Lines Announced The Port of Houston Authority will partner with Princess Cruises and Norwegian Cruise Lines to offer new services from the Bayport Cruise Terminal, it was announced at the Nov. 15 Port Commission meeting
Western GofM Oil/Gas Lease Bidding: NOIA Comments
National Ocean Industries Association President Randall Luthi encouraged by sales, urges further offshore developments. Tthe NOIA president's statement is as follows: "This sale is on-par with expectations and shows that the offshore oil and natural gas industry is still committed to
Subsea Cables Demand Good News for Supply Sector
More than 1,100 new submarine electricity cable systems are planned from 2012 to 2020, according to a new market research report. The small and highly specialized high-voltage submarine cable market is expected to see significant growth in the coming years
Braemar Adjusting Appoints Grant Smith
The Board of Braemar Adjusting is delighted to announce the appointment of Grant Smith as Group Managing Director of the company with immediate effect. His appointment is an important stage in the streamlining of the business and will enable senior management within Braemar Adjusting to focus
UK Offshore Oil & Gas Sector: Investment Hits 30-year High
Tax changes to encourage growth in the UK oil & gas sector have led the industry to make its highest investment for more than 30 years. According to the recently published Oil & Gas UK, 2013 Activity Survey, thousands of jobs are now being created across Britain and the production of
Ramsauer Gives Assurance of Rapid Aid
Infrastructural bottlenecks in port hinterland traffic are becoming increasingly acute, irrespective of the mode of transport, and are fuelling growing alarm among all the players involved. Such was the universal feeling at the parliamentary evening in Berlin organized by Port of Hamburg
UK Budget is Good News for Shipping Sector
International accountant and shipping adviser Moore Stephens says the UK Budget 2013 contains generally good news for the shipping sector. Measures which will have an impact on the shipping industry include a reduction in the main rate of UK corporation tax
Some UK Budget Good News for Shipping Industry
International accountant & shipping adviser Moore Stephens says the UK Budget 2013 contains generally good news for the shipping sector. Measures which will have an impact on the shipping industry include a reduction in the main rate of UK corporation tax from 23% for the year ended 31
