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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


Continued Growth for Container Leasing Sector

Photo: Drewry

The container leasing sector experienced another year of stellar growth in 2013 thanks to the continuing weakness of carrier financials, according to Drewry’s recently published Container Leasing report. And Drewry forecasts that this trend will continue.


Product Tanker Released After Probable Cargo Theft

HAI SOON_6

  On Sunday, we heard the good news of the release of Hai Soon 6, following its hijack on 25th July off Ghana. Not long after this news from the IMB, Dryad relocated the vessel in exactly the place we expected – off the Niger Delta and some 200 miles east of where she went missing


Weak Financials Drive Container Leasing Sector - Drewry

Container Leasing

  The container leasing sector experienced another year of stellar growth in 2013 thanks to the continuing weakness of carrier financials, according to Drewry’s recently published Container Leasing report. And Drewry forecasts that this trend will continue.


Scottish Sea Farms Orders Newbuilds

Image: Macduff Shipyards

Macduff Shipyards Ltd. has received a contract worth more than £3.3 million pounds from Scottish Sea Farms for the design and build of four 19.8-meter 150T steel salmon feed barges and two 15m landing craft general purpose fish farm vessels.


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


North Sea Drilling & Deals to Remain Lower: New Report

Offshore units: Photo courtesy of Rolls-Royce

Drilling and deal activity on the UK Continental Shelf (UKCS) will remain at ‘a steady low’ for at least the next year, suggests a new report from business advisory firm Deloitte. Poor weather and high costs have already had an impact on the amount of exploration and appraisal (E&A) work


Colombia Oil Reserves Rise 2.9 %

Image

  Colombia's oil reserves had risen 2.9 percent to 2.445 billion barrels by the end of 2013, up from 2.38 billion barrels a year earlier, taking reserves to their highest despite a missed exploration target, the energy ministry said on Monday.


Floating Production System Orders Outlook

Projected Growth Global Natural Gas Demand  (Quadrillion Btu)

An EPC contract for a production unit can easily exceed $1 billion – and $3 billion for an FPSO has recently been breached.  Overall, this is a $20 to $30 billion annual market.  But, as described below, the sector is hitting some headwinds that could impact future business


Port of Hamburg Reports Brilliant 1st Quarter Results

Photo courtesy of Port of Hamburg

Allocation of funds for the widening of the Kiel Canal also boosts the Port of Hamburg’s competitiveness.   At the beginning of June the Budgetary Committee of the German Federal Parliament allocated 265 million euros for the widening of the Eastern section of the Kiel Canal


Melting Sea Ice Opens Arctic Passages for Invasive Species

Arctic Navigation: File photo

For the first time in roughly 2 million years, melting Arctic sea ice is connecting the north Pacific and north Atlantic oceans. The newly opened passages leave both coasts and Arctic waters vulnerable to a large wave of invasive species, biologists from the Smithsonian Environmental Research


Engineering Jobs Secured by Portsmouth UK Naval Contract

HMS Dragon: UK MOD photo

The two-and-a-half-year £70 million  contract will protect around 100 highly skilled engineering jobs at BAE Systems in Portsmouth, the home port of the Royal Navy’s 6 Type 45 destroyers and future home of the Queen Elizabeth Class aircraft carriers


Channel Ferry Service Given Six-Months Notice

Cross-channel ferry: Image MyFerryLink

Britain's competition regulator has told Groupe Eurotunnel, the operator of the undersea rail link between Britain and France, it will have to stop operating its separate cross-channel ferry service in the next six months and find a buyer for the ships, confirming a decision it made in May.


Ocean Safety Sees Big Boost in Gas Business

Gas refilling and service centre at Ocean Safety, Southampton

Ocean Safety said it has been busy since gaining Lloyds Register approval to carry out hydrostatic pressure testing in accordance with TPED (Transportable Pressure Equipment Directive) and things are only set to get busier. During the past year Ocean Safety has noticed a steady increase in business


Charter Boat Crew Rescued in Gulf of Mexico

The 29-foot fishing charter boat Reel Deep went missing Monday, July 28, 2014. (USCG photo)

U.S. Coast Guard search and rescue crews worked throughout the night to find a missing charter boat with four people aboard as far as 70 miles off Galveston. A Coast Guard HC-144 aircrew located them about 40 miles offshore as they started the last leg of their search Tuesday at 10:33 a.m.






 
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