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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

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

U.S: No ASEAN South China Sea Consensus is Telling

The inability of a forum of Southeast Asian defence ministers to agree on a joint statement at the end of a forum on Wednesday reflects their concern about China's activity in the South China Sea, U.S. Defense Secretary Ash Carter said. "It was clearly an issue of discussion and an issue of concern by countries in the meeting, because everybody raised it," Carter told a news conference. The Association of South East Asian Nations held its defence ministers meet this week

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

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

Statoil’s Exit from Alaska ‘Disappointing’ -NOIA

Randall Luthi (Photo: NOIA)

NOIA President Randall Luthi, issued a statement on Statoil’s decision to exit the Alaskan Arctic, calling the departure “disappointing” yet “understandable” due to a tough economic and regulatory climate.  

India to Do Away with Obsolete Shipping Rules

Photo: Official Page of Nitin Gadkari, Indias Shipping Minister

 India's Ministry of Shipping has decided to rescind thirteen rules under the Merchant Shipping Act, 1958 (as amended), having found them to be obsolete and unnecessary.   This in turn will declutter the legislative framework governing merchant shipping sector in India and streamline

U.S. loses WTO Appeal in Mexican Tuna Dispute

Courtesy WTO

  The World Trade Organization's Appellate Body ruled against the United States on Friday in a dispute with Mexico over tuna labelling, upholding an earlier ruling issued in April that found U.S. rules discriminated against Mexico. "The Appellate Body concludes that the United States

When Conducting Investigations Consider 'Privileges'

Jeffrey S. Moller

Whether voluntarily or as required by the International Safety Management Code, the American Waterways Operators’ (AWO) Responsible Carrier Program, or some other rule or regulation, investigations of accidents and near-miss situations are routinely conducted by companies in the maritime

NOL Records Q3 Loss, Freight Market Remains Weak

Ng Yat Chung (Photo: NOL)

Shipping company Neptune Orient Lines Ltd (NOL) said on Friday its third-quarter net loss widened from a year earlier to $96 million, due to weak freight rates. NOL, controlled by Singapore's state investor Temasek Holdings, reported a revenue of $1

Wreckage of El Faro Believed Located

Cargo ship El Faro Photo USCG

   Wreckage believed to be of the cargo ship El Faro, which was lost in Hurricane Joaquin in a sinking that claimed the lives of its 33 crew members, was discovered on Saturday at a depth of 15,000 feet, U.S. officials said in a statement.

Gulf Navigation Posts 123pct Profit Growth

Photo: Gulf Navigation Holding

 Dubai-based Gulf Navigation Holding (Gulfnav), a leading maritime and shipping company, has reported a substantial 123 per cent profit growth at the end of the third quarter of 2015 compared to the same period the previous year.  

China Downplays South China Sea 'freedom of navigation'

The issue of freedom of navigation in the South China Sea should not be "hyped up" or used as an excuse for provocation, China's defence minister said on Wednesday, in response to recent U.S. action in the sea. Minister of National Defence Chang Wanquan made the remarks at a forum of

French Naval Group to Battle Islamic State

France to deploy aircraft carrier to help operations against Islamic State. France's Charles de Gaulle aircraft carrier will be deployed to support operations against Islamic State in Syria and Iraq, France's presidency said in a statement on Thursday.

China Invites India to South China Sea

Map by Middlebury College

 In a dramatic turn of events, China has asked India to play a "constructive and positive" role in safeguarding peace and stability in the disputed South China Sea, reports PTI.   This statement comes as a guarded reaction to Indian Defence Minister Manohar Parrikar's call

NOL in Acquisition Talks with CMA CGM, Maersk

Photo: Neptune Orient Lines Ltd

 Neptune Orient Lines Ltd (NOL)  has officially confirmed that it is a takeover target of two separate companies: French shipping company CMA CGM and Danish conglomerate AP Moeller-Maersk.    As per a report in the Business Times

China Says Unaware of Plan to Discuss Sea Dispute at APEC

China is not aware of any plan to discuss the disputed South China Sea at an Asia Pacific leaders' summit next week, a senior Chinese diplomat said on Tuesday, amid tensions between China and the Philippines over the waters.   For its part

SBM Offshore Hit By Slowing Industry Spending

File photo: SBM Offshore

SBM Offshore the world's top oil production ship leaser, said on Wednesday a fall in orders hit its third-quarter revenue as clients trimmed spending amid ongoing low oil prices.   The Amsterdam-based company, which generates roughly 60 percent of its business in Brazil

Magnolia LNG Receives Final FEIS

Maurice Brand is the founder, Managing Director and Chief Executive Officer of Liquefied Natural Gas Limited Photo LNG

Liquefied  Natural  Gas Limited and Magnolia LNG LLC (Magnolia) announced that the United States Federal Energy Regulatory Commission (FERC) issued the Final Environmental Impact Statement (FEIS) for the Magnolia LNG (MLNG) project in Lake Charles, Louisiana

Norway's Statoil to Exit Alaska

Photo: Statoil

Norwegian oil major Statoil said on Tuesday it will pull out of Alaska as its exploration leases in the Chukchi Sea no longer looked competitive.   "Since 2008 we have worked to progress our options in Alaska. Solid work has been carried out

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