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Issues Statement

USACE Issue Impact Statement on Ecosystem Restoration Project

The US Army Corps of Engineers issued a notice stating that the draft integrated feasibility report and environmental impact statement for the Mid-Chesapeake Bay Island Ecosystem Restoration Project is available for consideration. Public meetings will be held in Cambridge (October 11) and Taylors Island, Maryland (October 12). Written comments should be submitted by October 23. 71 Fed. Reg. 53090


Recently Acquired Dockwise Did Well in 2012

Dockwise publish audited annual accounts for 2012, having earlier published an unaudited version. The unaudited 2012 results were first disclosed as part of the publication by Dockwise of the Q4 2012 results on 13 February 2013. Performance highlights: Revenues USD 539 million Adjusted EBITDA USD 181 million Adjusted Net Profit USD 40 million Fleet Utilization 74% As indicated in the position statement of Dockwise regarding the mandatory cash offer by Boskalis for


Marad Responds to Labor Critics

U.S. Maritime Administrator David Matsuda

The U.S. Maritime Administration issued a Report Comparing U.S. and Foreign-Flag Operating Costs. The U.S. maritime labor union(s) responded with pointed criticism. Marad issues its own statement in reponse.   Text of Marad Chief Matsuda's Prepared Statement: “The U.S. Maritime Administration’s top priority is to promote the growth and sustainability of America’s maritime industry. The first-of-its-kind ‘Comparison of U.S


Chief Engineer Pleads Guilty to Making False Statements

The U.S. Department of Justice issued a Press Release stating that the chief engineer of an oil tanker pled guilty in federal court to making false statements to deceive the U.S. Coast Guard with regard to overboard discharges of oil-contaminated bilge waste. The offenses occurred during a routine port state control (PSC) boarding by the Coast Guard in Portland, Maine. The chief engineer faces a maximum penalty of up to five years imprisonment, a fine of up to $250,000


Hornbeck Offshore Files Shelf Registration Statements

Hornbeck Offshore Services, Inc. has filed a universal shelf registration statement on Form S-3 and an acquisition shelf registration statement on Form S-4 with the Securities and Exchange Commission. Once declared effective by the Securities and Exchange Commission, the universal shelf on Form S-3 will enable the Company to sell from time to time, in one or more public offerings, up to $350 million of its common stock, preferred stock, debt securities or warrants to purchase common stock


Aker Takes Major Stake In Kvaerner

Aker Maritime has acquired control of about one fourth of Kvaerner for a reported $350 million (3 billion crowns). The purchase made the industrial holding firm, a group of companies operating in more than 20 countries with no previous Kvaerner ownership, the biggest shareholder in Kvaerner. "Aker Maritime ASA has today bought rights issues, shares and options in Kvaerner ASA which together amount to 26.39 percent of the company after the ongoing rights issue


NOIA Echoes Importance of Atlantic Seismic Exploration Hearing

Randall Luthi (Photo: U.S. Department of Interior)

National Ocean Industries Association (NOIA) President Randall Luthi issued the following statement on the hearing on seismic exploration on the Atlantic Outer Continental Shelf held today by the House Committee on Natural Resources, Subcommittee on Energy and Mineral Resources. “The National Ocean Industries Association appreciates Chairman Lamborn’s leadership on this important hearing on the crucial role of seismic surveys in the development of oil and natural gas for our


MarAd Issues Notice onLNG DWP Application

The Maritime Administration (MarAd) issued a notice stating that the final environmental impact statement for the Northeast Gateway Energy Bridge liquefied natural gas (LNG) deepwater port (DWP) license application is available for review. The application is for a project that would be located in federal waters of Massachusetts Bay approximately 13 miles south-southeast of Gloucester. Meetings to receive public comments will be held in Gloucester (November 8) and Salem (November 9)


Odfjell Invest Orders $645m rig from Daewoo

Odfjell Invest has decided to exercise an option to have one drilling rig built by Daewoo Shipbuilding and Marine Engineerng in South Korea for $645 million, Odfjell Invest said on Friday. The semi-submersible rig, the company's second, will be delivered no later than June 30, 2010, Odfjell Invest said in a statement. The company will consider financing $100 million of the cost by issuing new equity, Odfjell Invest said.


Dangerous Goods Shipments Banned in Alexandria

CMA CGM issued a statement to inform customers about new instructions received from the port of Alexandria, Egypt regarding dangerous goods shipments. With immediate effect, LCL/consolidation shipments containing dangerous goods to Alexandria are not accepted anymore, CMA CGM said. cma-cgm.com  


Sri Lanka Port Project: China Merchants, CHEC Invest $601-M

Two of China's largest port operators and engineering firms have agreed to invest in a $601 million terminal in Sri Lanka's Hambantota port, part of a series of deals signed during a visit by President Xi Jinping to the island nation. Keen to establish its presence in the Indian Ocean


Saudi Shipper Bahri Names Omar as CEO

Photo courtesy of Bahri

The National Shipping Company of Saudi Arabia (Bahri) has named Ibrahim Abdulrahman al-Omar as its chief executive, effective on Oct. 1, a bourse filing said on Wednesday. Omar has worked in several senior positions at firms including Saudi Telecom and its affiliate Viva Bahrain


Increased Drug Trafficking in Indian Ocean Needs Action

Heroin from Afghanistan is increasingly trafficked through the Indian Ocean and more international action is needed to prosecute smugglers on the high seas, the United Nations anti-crime and drug body said on Tuesday. In the last 18 months, more than 4


Public Forum to Address US Port Congestion

U.S. Federal Maritime Commissioner William P. Doyle

Examining Causes, Impact on Stakeholders and Exploring Possible Solutions Federal Maritime Commissioner William P. Doyle will host a forum regarding U.S. Mid-Atlantic and Northeast port congestion on October 1, 2014 at the World Trade Center in Baltimore's Inner Harbor


Areva in Steam Generators Contract in S. Africa

  France's Areva said on Saturday it sealed a contract worth around 300 million euros with South African utility Eskom to replace steam generators at the Koeberg nuclear power plant, near Cape Town. Areva will design, manufacture and install six steam generators in the plant's two


Environmental Challenge Halts Statoil Arctic Oil Well

Norwegian oil company Statoil has had to stop drilling at the Arctic Pingvin prospect because of an appeal against its environmental permit, North Energy, a partner in the project, said on Friday. "The top hole on Pingvin has been drilled," North Energy said in a statement


Iraq Sues Tanker Operator over Kurdish Lifting

Iraq has filed a case against Greek shipping company Marine Management Services (MMS) for its role in the "illegal" export of crude from the autonomous Kurdistan region, the oil ministry in Baghdad said in a statement on Thursday.


Two Mexican Oil Ports Reopen after Dolly Downgraded

Two of Mexico's three main oil exporting ports in the Gulf of Mexico, Dos Bocas and Cayo Arcas, were reopened on Wednesday after major storm Dolly was downgraded, the country's communications and transport ministry said in a statement. Dolly, which was previously a tropical storm


Joe Barton: Lift Oil Export Ban

A senior U.S. Congressman from Texas has come out in full support of the United States lifting the 40-year old ban on crude oil exports, putting him at odds with fellow House Republicans wary of weighing in on the controversial issue. Rep


Statoil Says Normal Operations at In Amenas Gas Plant Resuming

A general view of Tiguentourine Gas Plant in In Amenas

   Normal operations are resuming at the In Amenas gas plant in Algeria 18 months after a raid by Islamist militants killed forty employees, one of the plant's operators, Statoil, said on Monday. "The corporate executive committee has decided that ordinary rotation is to be


USCG Small Boat Fires Warning Shot at Iranian Vessel

Cutter Monomoy: Photo USN

A U.S. Coast Guard boat operating in international waters in the Arabian Gulf fired on an Iranian dhow in what U.S. military officials described as a defensive move after the crew of the Iranian vessel trained a machine gun on the Americans with hostile intent, informs the US Department of Defense


US, China Officials Meet After Navy Jet Intercept

U.S. and Chinese military officials will hold talks on rules of behavior at the Pentagon on Tuesday and Wednesday, a U.S. official said, days after the United States denounced a "dangerous" Chinese jet intercept of a U.S. Navy patrol plane.


Chilean Court Rejects Appeal Against Crow River Project

Chile's Supreme Court on Thursday rejected an application for an environmental organization against Crow River hydroelectric project, which plans to build in the south of the country with an initial investment of $ 733 million . In a unanimous ruling


LNG Carriers GasLog Financial Results Q2 2014

Image courtesy of GasLog

GasLog Ltd. and its subsidiaries, an international owner, operator and manager of liquefied natural gas carriers, has reported its financial results for the quarter ended June 30, 2014, excerpted as follows: Highlights Completion of the initial public offering (“IPO”) of


Reliance to Source Ethane from US

India's Reliance Industries Ltd said it will source 1.5 million metric tons of ethane a year from the United States as feedstock for its crackers in India. The company has executed storage and capacity agreements for liquefaction and export of ethane with a North American terminal






 
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