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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


EIS/EIR for Marine Terminal Expansion Project

The U.S. Army Corps of Engineers issued a Notice stating that the revised draft Environmental Impact Statement/Environmental Impact Report (EIS/EIR) for the Pier J South Marine Terminal Expansion Project in the Port of Long Beach is available for review.


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


India-US “New Vision” for Asia Pacific and Indian Ocean

Barack Obama and Narendra Modi. Pic: Press Information Bureau, Government of India

 India and the USA on Sunday released a Joint Strategic Vision statement for the Asia-Pacific and Indian Ocean region, marking the deepening strategic equation between the two nations.  The partnership is expected to cover a wide sphere of influence that would extend from Africa to the


ASA Mission Statement Revised to Expand Reach

Image: ASA

The American Salvage Association has revised its mission statement to increase its area of influence beyond North America, complemented by a new logo that reflects the expanded direction.   The new Mission Statement reads “The mission of the ASA is to be a unifying association of the


Secure VGP Compliance with New Verification Service

DNV GL carried out a pilot project for the VGP verification service with Wilh. Wilhelmsen on their ro-ro vessel, the MV Tarago.

Recent updates to the US Vessel General Permit (VGP) have brought new technical and reporting requirements for vessels operating in US waters, including the need for the preparation of a detailed annual report. DNV GL’s newly introduced VGP verification service helps to ensure compliance by


Asean Raps Chinese Sea Aggression

Photo by Asean

Southeast Asian foreign ministers have expressed concern at Chinese land reclamation in the disputed South China Sea, as the Philippines urged them to stand up to Beijing, reports AFP.  The statement came after Manila warned fellow members of the Association of Southeast Asian Nations


Pacific Basin Issues Profit Warning

Image courtesy: Pacific Basin Shipping

 Dry bulk shipowner Pacific Basin Shipping announced a total of US$132 million (HK$1 billion) impairment charges on chartered-in vessel contracts and bunker fuel swaps.   The Hong Kong-listed company informed the stock exchange that  it took US$101 million provisions mainly


'Most Luxurious Ship Ever'

Image by Seven Seas

Regent Seven Seas has unveiled plans for the largest cruise ship suite in the world, which is under construction at the Fincantieri shipyard in Genoa, Italy Regent says the luxury ship, Seven Seas Explorer, will have the highest space ratios and one of the highest staff-to-guest ratios in the


OMSA Opposes McCain Amendment

Ben Billings (Photo: OMSA)

The Offshore Marine Service Association (OMSA) issued a statement regarding Senator John McCain’s proposal allowing foreign-built vessels to take over marine transportation in the United States, stating the amendment would gut U.S. shipbuilding while outsourcing jobs and security.  


Ottawa Bars Use of 'Buy America' Rules at Ferry Project in Canada

The Canadian government signed an order on Monday blocking the United States from applying controversial "Buy America" purchasing rules on the demolition and reconstruction of a ferry terminal that is located on Canada's Pacific Coast but operated by Alaska's Department of Transportation


USCG Warns of Adverse Weather in Bay Area

Adverse Weather conditions

  The Coast Guard advises exercising caution on and around the San Francisco Bay coastline and waterfronts, as excessively high tides are expected through mid-week. The National Weather Service has issued a coastal flood statement for a series of King Tides


Obama’s Address Missed Energy Opportunities -NOIA

President Barack Obama delivers the State of the Union address in Washington, D.C., January 20 (Official White House Photo by Pete Souza)

NOIA President Randall Luthi issued a statement in response to President Obama’s 2015 State of the Union Address, stating that the President missed a few key points regarding domestic onshore and offshore energy production and supply, and its impact on the U.S. economy.  


Sri Lanka Softens Stance on China Port City dealD

Sri Lanka's new government said on Thursday it might renegotiate a $1.5 billion "port city" deal with China Communications Construction Co Ltd, softening its pre-election threat to scrap the project.   New Prime Minister Ranil Wickremesinghe, before last month's presidential vote


Euronav NV IPO in the US

EURONAV NV

Euronav NV announced today the upsizing and pricing of its initial public offering in the United States.  The size of the offering has been increased from the initially announced 13,550,000 ordinary shares to 16,260,000 ordinary shares at an issue price per share of USD 12


Yamal LNG Inks Deal with Gazprom to Sell LNG in Asia

A trading subsidary of Russian gas producer Yamal LNG has signed a long-term supply contract with a trading subsidiary of Gazprom, under which liquefied natural gas (LNG) produced by Yamal LNG will be sold in Asia, Yamal LNG said on Friday.  


Australia Bans Waste Dumping on Barrier Reef

Image by Great Barrier Reef Marine Park Authority

 Australia has ordered a ban on dumping dredge waste on most of the Great Barrier Reef, the environment minister Greg Hunt stated, as part of a push to cease the UN declaring the website in danger.  The atmosphere minister has given orders for new regulations to be put in place for the


Arab Shipping Firm Orders 2,000 New Reefer Containers

Reefer containers. Picture by United Arab Shipping Company

Container shipping line United Arab Shipping Company (UASC) has ordered 2,000 reefer containers from Daikin.  As part of the emerging global carrier’s investment in the cutting-edge, energy-efficient solutions for the carriage of frozen and chilled cargoes






 
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