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Issues Statement

Two Indian Shipbreakers Deemed HKC Compliant

Photo: Priya Blue Industries

ClassNK issues Hong Kong Convention Statements of Compliance to two ship recycling facilities in India    Two ship recycling facilities in Gujarat, India, R. L. Kalthia Ship Breaking Pvt. Ltd. and Priya Blue Industries Pvt. Ltd., have received Statements of Compliance (SoC) from classification society ClassNK verifying that the facilities are in line with the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships, 2009 (HKC).   Although the HKC has yet to enter into force, Kalthia and Priya Blue have both carried out substantial improvements to their facilities in a bid toward safer and greener ship recycling as well as developed the Ship Recycling Facility Plans (SRFPs) required for a competent authority’s certification according to the HKC, according to ClassNK.   ClassNK said it reviewed the SRFPs prepared by Kalthia and Priya Blue, which comply with requirements of the HKC, and confirmed that their ship recycling processes follow their respective SRFPs in addition to conducting on-site inspections before issuing the SoC. This reportedly marks the first time SoC have been issued to ship recycling facilities in South Asia.

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

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

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

FMC's William P. Doyle Issues Statement on EL FARO Tragedy

FMC Commissioner William P. Doyle

On Thursday evening, October 1, 2016, the ship EL FARO went missing. The ship was en route from Jacksonville, Florida to San Juan, Puerto Rico. On Monday, four days after the ship vanished, the Coast Guard concluded it sank near the Bahamas in about 15,000 feet of water. One unidentified body in a survival suit was spotted, and the search continued until today for the other 32 crew members.   Commissioner Doyle, a 1992 Massachusetts Maritime Academy graduate

MARAD’s Jaenichen Issues Statement on El Faro

Paul Jaenichen (Photo: MARAD)

U.S. Maritime Administrator Paul Jaenichen has issued a statement following the U.S. Coast Guard’s announcement that it will suspend the search for survivors from the missing cargo ship El Faro.   “All of us at the Department of Transportation and the Maritime Administration mourn for the loss of all those on board the U.S. container ship, El Faro. We express our deepest condolences to their family, friends and co-workers in the maritime industry. U.S

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

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

White House Issues Veto Threat for US House Oil Export Bill

The White House issued a veto threat on Wednesday for a U.S. House of Representatives bill that would lift a ban on crude oil exports, saying the legislation was "not needed at this time."   Congress should instead cut subsidies for oil companies and invest in wind

White House Backs El Faro Investigation

President Barack Obama (White House photo)

President Barack Obama on Wednesday offered condolences to the families of the 33 sailors presumed to have lost their lives aboard cargo ship El Faro which is believed to have sunk amid Hurricane Joaquin last week.    The investigation into the incident will receive the

Chiarello: TOTE Continues Support to El Faro Families

TOTE President and CEO Anthony Chiarello (Photo: TOTE)

Anthony Chiarello, President & CEO of TOTE, owner of the cargo ship presumed to have sunk with 33 mariners aboard last week amid Hurricane Joaquin, issued a statement Wednesday afternoon promising continued support to the families of the mariners lost aboard the missing El Faro.  

Icon Terminates Shipbuilding Contract

Image:  ICON Offshore Berhad

 Icon Offshore Bhd and its partner FOB Swath Malaysia A/S have agreed to terminate their shipbuilding contract with Denmark-based Danish Yachts AS.    Icon-FOB Holdings (L) Inc in which Icon Offshore holds a 51% stake while FOB Swath Malaysia owns 49%

China Plans Live-Fire Drills in Taiwan Strait

Taiwan drills already underway. The Chinese military will hold three days of live-fire drills in the sensitive Taiwan Strait starting from Friday, the government said in a notice issued to warn shipping away from the area. China claims self-ruled Taiwan as its own and has never renounced the

India Relaxes Cabotage for Special Vessels

Image:  Herfurth Logistics

 Vessel operators can now be allowed to bring foreign flagged vessels on the coastal routes as the Indian Government has decided to relax cabotage for special vessels.    Special vessels like Roll-On Roll-Off (Ro-Ro), Hybrid Roll-On Roll-Off (Hybrid Ro-Ro)

China Merchants, China COSCO Buy Turkey Terminal

Photo by Kumport Terminal

 China Merchants Holdings (International) Co. Ltd.  along with Cosco Pacific Ltd., a unit of China Investment Corp. and Euro-Asia Oceangate will pay US$919.9 million to buy a 64.5% stake in Fina Liman from Fina Holding.   Fina Liman is an investment-holding company that owns and

China Shipping Firms, Dynagas Mull Arctic LNG Vessel Deal

China Merchants Energy Shipping, Sinotrans Shipping and Greek shipping firm Dynagas are in talks to form a joint venture to build five vessels to ship liquefied natural gas (LNG) from the Arctic, the firms said. China Merchants said in a stock exchange statement on Tuesday that its board had

Hollande, Sissi Agree on Mistral Warships Deal

French President Francois Hollande and his Egyptian counterpart Abdel Fattah Al-Sissi have agreed on the purchase by Egypt of the two French Mistral helicopter carriers whose planned sale to Russia was cancelled. "They agreed on the principle and the terms of the acquisition by Egypt of

UN Defends Arms Shipment in Kenya, Calls Drug Claim Disturbing

Weapons discovered by Kenyan authorities aboard a Norwegian ship were part of a legitimate cargo for United Nations peacekeepers and the vessel should not have been inspected without a U.N. presence, a U.N. spokesman said on Thursday.  

Kenya Releases Ship Carrying Weapons

Höegh Transporter

  A Norwegian-flagged ship that was held in Kenya for more than a week over undeclared weapons belonging to the United Nations has been released, the owners of the vessel said. Kenyan authorities boarded the ship at the port of Mombasa on Sept. 17 and uncovered undeclared weapons in a U.N

NOIA Commends Shell’s Efforts Offshore Alaska

Polar Pioneer rig operating into the floor of the Chukchi Sea

  National Ocean Industries Association (NOIA) President Randall Luthi today issued the following statement regarding Shell’s decision to halt exploration activities offshore Alaska:   “NOIA commends Shell’s efforts in the Chukchi Sea and recognizes the great expense

IMO Only Place for Global Debate on Shipping CO2

Photo: International Maritime Organization (IMO)

 As world leaders prepare for key negotiations on climate change in Bonn and Paris later this year, IMO Secretary General Koji Sekimizu has issued a strong call for any discussion on shipping’s contribution to global CO2 emissions to be held at IMO.  

Rolls-Royce to Cut More Staff of Marine Unit

Warren East (Photo: Rolls-Royce)

Britain's Rolls-Royce said it would cut an additional 400 staff from its marine business by the end of next year, its latest move to make the unit more efficient and cope with a fall in orders sparked by lower oil prices. The marine unit, which depends on oil and gas-related customers for about

Historic Pacific Trade Deal Faces Skeptics in US Congress

Photo: Port of Los Angeles

Twelve Pacific Rim countries on Monday reached the most ambitious trade pact in a generation, aiming to liberalize commerce in 40 percent of the world's economy in a deal that faces skepticism from U.S. lawmakers.   The Trans-Pacific Partnership (TPP) pact struck in Atlanta after marathon

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