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Issues Statement

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 all of the issued and outstanding common shares in the capital of Dockwise (the "Position Statement"), the audited annual accounts 2012 are deemed to be part of the Position Statement in accordance with the Dutch Public Takeover Offers Decree. The audited annual accounts, the Position Statement and the Addendum are available on the Company's website.  


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


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


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


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 Convicted for Pollution Offenses

The U.S. Attorney for the District of Massachusetts issued a Press Release stating that the Chief Engineer of a container ship pled guilty and was convicted of various offenses related to discharge of sludge and oil-contaminated waste water. The individual pled guilty to conspiracy, obstruction of justice, destruction of evidence, false statements, and violation of the Act to Prevent Pollution from Ships. He faces a potential maximum sentence of 40 years imprisonment.


Lower Snake and Clearwater Rivers – navigation maintenance

The U.S. Army Corps of Engineers issued a Notice stating that it intends to prepare an environmental impact statement (EIS) for performing routine maintenance of the federal navigation channel and certain public port facilities on the lower Snake and Clearwater Rivers in Washington and Idaho. Comments on this project should be submitted by January 18, 2005. 69 Fed. Reg. 75308 (HK Law).


Commandos Repel Pirates from Iranian Supertanker

A statement issued by the public relations office of the Iranian Navy on April 9 said Iran's oceangoing supertanker, Voyager 1, came under attack by two pirate speedboats in the Indian Ocean off the Pakistani Southwest coasts but was saved by the timely action of the Iranian Navy commandos. The Iranian Navy has been conducting anti-piracy patrols in the Gulf of Aden since November 2008, when Somali raiders hijacked the Iranian-chartered cargo ship, MV Delight, off the coast of Yemen.  


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


Norwegian Cruise Ship Ran Aground off Bermuda

Norwegian Dawn. Photo: NCL Corporation Ltd

 The Norwegian Dawn cruise ship with more than 3,700 people on board ran aground in Bermuda after the vessel temporarily lost power.   Small boats, divers and tug boats circled the liner Norwegian Dawn for hours before high tide helped push it off the reef and into deeper water


Danelec to Lead Working Group in EU’s EfficienSea2

Danish marine electronics company Danelec Marine informs it will oversee a working group in the European Union (EU) EfficienSea2 maritime innovation project designed to increase safety of navigation and efficiency at sea.    The EU this month approved and set aside $11 million to fund


Launch of 'Eunavfor Med' Welcomed by BIMCO

Giles Noakes, Chief Maritime Security Officer, BIMCO, Photo LinkedIn

  The decision of the EU Council to launch EUNAVFOR Med* was today strongly welcomed by BIMCO, following the association’s statement on 24 April calling for an extension of Operation Triton’s geographical reach. BIMCO’s April statement highlighted the risks to the health


Two Hurt in Petrobras Platform Accident; Output Halted

Brazil's state-led oil company Petrobras was forced to stop output at its P-56 offshore oil production ship on Wednesday in the Marlim Sul field after an explosion in an electrical panel started a fire and injured two workers, union officials said.  


Subsea 7 to Slash Workforce, Cull Fleet

Photo courtesy of Subsea 7

Oil services firm Subsea 7 plans to cuts its workforce by close to 20 percent and reduce its fleet of 39 by up to 11 vessels as global oil and gas firms continue to cut spending after the plunge in crude oil prices. Subsea 7, which focuses on the North Sea but has a global operation


Torm Posts First Quarterly Profit in Five Years

TORM Ugland (Photo: Torm)

Debt-stricken Danish tanker operator Torm has posted its first quarterly net profit in five years thanks to higher freight rates. The company swung to a net $8.6 million profit in January-March compared with a net loss of $222.6 million in the first quarter last year.


NYK Orders Three LNG Carriers

Mitsubishis Sayaringo STaGE LNG carrier

 Nippon Yusen Kabushiki Kaisha (NYK Line) has concluded time-charters for two new LNG carriers with Diamond Gas International, a Singapore affiliate of Mitsubishi Corporation.   NYK also concluded a contract with MI LNG Company Limited for the construction of the LNG carriers


Tanker Attacked in Gulf Collided with Iran Oil Platform in March

A Singapore-flagged oil products tanker fired at by Iranian craft on Thursday had previously collided with an Iranian oil drilling platform in March and efforts have since been made to resolve the issue, the owner said on Friday.   The Alpine Eternity was attacked by a number of small craft


Singapore Demands Investigation into Shooting Incident

Alpine Eternity Photo: South Maritime Pte Ltd

 Singapore Maritime and Port Authority (MPA) has condemned Iranian forces for firing warning shots in the Gulf at a Singapore-flagged Alpine Eternity which it said was in international waters, calling it a “serious violation of international law”.  


Vietnam Opposes Chinese S.China Sea Fishing Ban

Vietnam said it resolutely opposes a temporary Chinese ban on fishing in the Gulf of Tonkin, the latest in a series of sovereignty disputes in and around the South China Sea. China's ban came as the neighbours seek to patch up ties since a row in May last year when China deployed a $1-billion


U.S. Coast Guard Holds Carrier for Violations

Image: U.S. Coast Guard

The U.S. Coast Guard detained the Ikan Sudip, a Panamanian-flagged 600-foot bulk carrier, after discovering significant environmental and safety violations during an inspection in Astoria.   The violations included a failure to use engineering procedures required by U.S


BP, Sinopec in Singapore-based Bunkers JV

British oil major BP and China's Sinopec Fuel Oil are starting a Singapore-based joint venture in ship fuel storage and sales, BP said in a statement on Tuesday. The 50/50 joint venture, which builds on a similar agreement signed in 2011, will leverage both companies' existing bunkering


Vale to Sell 4 Large Iron Ore Carriers to CMES

Brazilian miner Vale said on Tuesday it agreed to sell four large iron ore carriers to China Merchants Energy Shipping Co (CMES) , as it looks to raise cash in the midst of an iron ore price slump.   The world's largest producer of iron ore said in a statement the details of the contract


Bazil's Vale, China's CMES Sign VLOCs Agreement

MS Vale Brasil. Photo: Vale

 Brazilian mining giant Vale and the China Merchants Group (CMES) signed an expanded framework deal for strategic co-operation on iron ore shipments. Vale has agreed to sell four large iron-ore carriers to CMES.   The world's largest producer of iron ore said in a statement the details


BP, Sinopec JV for Marine Fuel

Pic: BP

 British oil major BP and China’s Sinopec Fuel Oil have formed a marine fuels bunkering joint venture (JV), BP Sinopec Marine Fuels Pte Ltd.   Under the deal, the 50-50 percent joint venture, BP Sinopec Marine Fuels Pte Ltd






 
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