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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


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


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


Korea Shipbuilder Wins Order for 8 Very Large Gas Carriers

LNG carrier: File photo cr. Gazprom

Daewoo Shipbuilding & Marine Engineering Co Ltd (DSME) has won two orders worth a total of US$640-million to build eight very large gas carriers (VLGCs) for two unidentified Asia-based firms reports Reuters. The South Korean shipbuilder said in a statement both firms had ordered four gas carriers each, all expected delivery to be completed by the second half of 2016. In related news, DSME recently issued the following listing for investors showing its 2014 orders and backlog.


Port of Long Beach CEO Endorses Mediation Move

Jon Slangerup (Photo courtesy of the Port of Long Beach)

Federal mediators announced last night that they will assist in West Coast port contract talks, following a joint request from the International Longshore and Warehouse Union and the private terminal operators, the Pacific Maritime Association.   Jon Slangerup, Port of Long Beach Chief Executive, addressed the announcement by issuing the following statement: “We congratulate the ILWU and PMA for both agreeing to mediation


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  


China Maritime Disputes Bedevil ASEAN

Association of Southeast Asian Nations (ASEAN) a group photo souvenir. Photo credit: pcoo.gov.ph

 Chinese island-building efforts in the disputed South China Sea, where airstrips are being built on coral reefs, risk undermining "peace, security and stability" in the region, bedeviled the Asian leaders warned at a regional summit.


Long Beach Picketers Not Striking -Port CEO

Port of Long Beach CEO Jon Slangerup issued a statement addressing the status of picketing truckers at the harbor, pointing out that the demonstration is not a strike.   “The Teamsters union started informational picketing this morning at the Port of Long Beach


Maritime Tension Dominates Southeast Asia Summit

Southeast Asian leaders edged closer to open criticism of China's land reclamation in the disputed South China Sea at a regional summit on Monday, as the Philippines drew the ire of Beijing which called its objections to the work "unreasonable".


Venezuela Probes ex-minister accused of corruption in Ferry Deals

  A former minister in President Nicolas Maduro's government denied in an interview published on Friday accusations of corruption during the purchase of three ferries from Spain and said he was being hounded for denouncing currency crimes.


MISC Says AET Tankers Unit Not for Sale

Photo: AET

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers. The company said, “Petroleum shipping is a core element of [MISC’s] current and ongoing business and, as such


UN Cautiously Optimistic with EU Migrant Plan

The United Nations refugee agency said on Friday the European Union's plan to triple its naval search mission in the Mediterranean for migrants was an "important first step towards collective European action." In a statement issued in Geneva


UN Pushes EU on Migrant Rescue Mission

The European Union must urgently set up a rescue operation for migrants at sea and commit to receiving significantly higher numbers of refugees, top U.N. officials and the International Organization for Migration said on Thursday. "The European Union response needs to go beyond the present


Montrose Port Authority Appoints New Executive

Nicholas Scott-Gray. Picture: Montrose Port Authority (MPA)

 Nicholas Scott-Gray has been appointed as the head of UK-based Montrose Port Authority (MPA)  – bringing with him more than 26 years’ experience within the port and shipping sectors.   He brings with him over 26 years of experience within the port and shipping sectors


Coatings Quietly Helping to Control Noise

Mascoat 1.jpg

U.S. Navy’s AGOR Research Vessels are built to be as operationally quiet as possible. That’s where Mascoat’s Sound Control-dB coatings come in. When the U.S. Navy began its design and build program for its newest generation of research vessels


Marshall Islands Calls for New Emissions Target

Tony de Brum

In a submission to the International Maritime Organization, the Republic of the Marshall Islands, currently the world’s third largest shipping registry, has called for the setting of a new global target for reducing greenhouse gas emissions from international shipping


Balikatan to Focus on Maritime Security

Image by Exercise Balikatan Government Organization

 Officials from the Philippine and United States armed forces participating in this year's Balikatan exercises, the largest in 15 years,  insisted that the said activities will not zero in on possible response to the issue of the South China Sea.    


China Snubs G7 Declaration on Sea Row

Foreign Ministry Spokesperson Hong Leis Regular Press Conference on April 17, 2015: Ministry of Foreign Affairs, the Peoples Republic of China

 Reacting to recent declaration of  the Group of Seven (G7) major nations' Foreign Ministers on maritime , China said “the situation of this region is generally stable, and relevant cooperation has been moved forward with positive results.”  


G-7 Speaks Out On Chinese Maritime

Meeting of G7 Foreign Ministers in Luebeck, Germany. Picture Courtesy: TACC, Government of Russia

 Foreign ministers from the Group of Seven major nations have warned against “any attempt to assert territorial or maritime claims through the use of intimidation, coercion or force” — a message apparently aimed at China.  


NOIA Reviewing Proposed Well Control Rules

Randall Luthi (Photo: NOIA)

NOIA President Randall Luthi issued the following statement on the proposed bop/well control regulations announced by the Department of the Interior:   “The Federal regulators promised a big rule, and at more than 200 pages, they certainly delivered


Three Kidnapped from Boat off Nigeria -Bourbon

    French oil services company Bourbon said on Monday that three Nigerian crew members had been kidnapped after one of its speedboats was boarded off the Nigerian coast in the night of April 8.   "An emergency unit based in Nigeria has been immediately activated






 
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