Lloyds Open Form
Resolve Marine Group of Fort Lauderdale, one of the US’ major Marine Emergency Response, Salvage and Fire Fighting experts, is to develop its expertise on a more global basis and has recruited a number of key personnel into its company to achieve this aim. Bob Umbdenstock, marine industry executive and consultant with international management experience in heavy salvage, wreck removal and environmental protection, has joined the company to develop and market the emergency response capabilities Resolve offers to ship owners and managers wishing to comply with statutory planning requirements, namely OPA 90, in the US and elsewhere in the world. A graduate of Dartmouth College and former US Navy salvage officer, he has been a special casualty representative (SCR) for Lloyds Open Form with SCOPIC. Joe Farrell III, son and namesake of the current Resolve Group President, also joins the company. Farrell is a graduate of the Massachusetts Maritime Academy where he earned a BS degree in marine engineering. He recently graduated from the Florida Institute of Technology with an MS in Ocean Engineering and with a concentrate in Naval Architecture. They join a number of other recent key appointments to the Resolve Group, including Capt. Rich Habib, Senior Salvage Master and Bill Crothers, Group Chief Financial Officer. Habib brings over 30 years of experience in the Marine Industry. He is a Master Mariner with a background in heavy lift vessels
TITAN Salvage has appointed Mark Hoddinott to global director, marketing and strategy, responsible for developing, delivering and managing the company's strategic marketing and business development plans. He will operate out of Titan's UK facility at Newhaven, East Sussex, and will report to Rich Habib, TITAN's vice president. Hoddinott, who will continue his role on the senior management team, will work closely with TITAN's commercial division.
Channel NewsAsia has reported that in a boost to the offshore and marine engineering sector, the National University of Singapore has announced two professorships for research and development in the field. Under a memorandum of understanding, Lloyds Register and the Maritime and Port Authority of Singapore will each commit S$3 million to the Lloyd's Register Professorship and the MPA Maritime Technology Professorship
Centrica Energy in Norway was awarded a 50% operating share in the Scarecrow licence, its first in the Barents Sea. The Norwegian government on June 12 awarded the licences that form part of the 22nd round on the Norwegian Continental Shelf (NCS). Centrica Energy was awarded an operatorship and 50% ownership in the Scarecrow licence, block 719. This block opens up a new area for Centrica, and marks the beginning of a new venture for the Norwegian upstream business as it looks to grow
The U.K.’s Maritime and Coastguard Agency (MCA) announced today that nine foreign flagged ships were under detention in U.K. ports during September 2013 after failing Port State Control (PSC) inspection. Latest monthly figures show that there were five new detentions of foreign flagged vessels in U.K. ports and four vessels remained under detention from previous months. Only three vessels remained under detention at the end of this month. Notes on the list of detentions
Lloyds Banking Group has reached an agreement to sell $500 million of shipping loans from its remaining ship finance portfolio, finance and banking sources familiar with the matter said on Wednesday. Bank of America and U.S. hedge fund Davidson Kempner Capital Management were expected to buy the loans, one of the sources said. Lloyds, Bank of America and Davidson Kempner all declined to comment. (Reporting by Jonathan Saul and Matt Scuffham; Editing by Pravin
Britain is to return to the world of semi-submersible rig building for the first time in two decades as prices soar and shipyards in South Korea run out of space. SeaDragon Offshore, a newly-formed company is to take over a former vessel construction facility on Teesside to build the first in a series of three drilling units worth up to $1.5b. As many as 600 jobs could be created at the Haverton Hill Shipyard by SeaDragon which plans to float on either the London or the Oslo stock
Responding to the need for a presence and to assist in the professionalization of the U.S. marine salvage and firefighting response, nine U.S. salvors have joined together to form the American Salvage Association (ASA). The initial group has participated in a vast amount of all of the significant salvage and wreck removal cases that have occurred over the last 10 years in the U.S. The Association's current membership is comprised of: Bisso Marine; Crowley Marine Services; Donjon Marine Co
Equiom Marine and Aviation Services (Jersey) Limited (EMAS) announced that the company recently passed the Lloyds Inspection for Seafarer Recruitment and Placement. The inspection, which is undertaken by an external agency, Lloyd’s Register, evaluates compliance to relevant maritime legislation as laid down by the Maritime Labor Convention (MLC), 2006. In this instance, Equiom were required to demonstrate compliance to Regulation 1.4 of the MLC
Braemar LNG BV, the wholly owned subsidiary of Braemar Shipping Services PLC, has issued a sub-license to FSP LNG BV for the design and construction of a new Flat-panel, Semi-membrane, Prismatic-shaped (FSP) containment system, under the terms of the license it holds with General Dynamics NASSCO to utilize its patents in the design and construction of FSP LNG containment systems. FSP technology has been developed for marine LNG transport and can also be used in a range of
The Maritime Administration’s ‘Call to Action’ will address Sexual Assault and Sexual Harassment in the Maritime Industry. Obtained this morning from reliable industry sources, the final agenda for what promises to a lively and possibly contentious meeting set up by the U.S
As the global shipping industry facing tough weather, the $5.25 billion expansion of the Panama canal is set to open Sunday (June 26), reports AP. The deeper, wider channel is designed to accommodate the world’s growing fleet of mega cargo ships and expanding trade between North
Global capital markets reeled on Friday after Britain voted to leave the European Union, with $2 trillion in value wiped from equity bourses worldwide, while money poured into safe-haven gold and government bonds. Sterling suffered a record plunge.
On 26th June 2016, a landmark development for the shipping industry will occur with the opening of the new third set of locks at the Panama Canal. Clarksons Research takes a look. Around ten years in the making, the expansion will enable significantly larger ships to transit the
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that its Board of Directors has determined to effect a reverse stock split of the company’s common shares, par value $0
Korea Times says that Hyundai Merchant Marine (HMM) will join a new global shipping alliance, as the cash-strapped shipper has successfully reached a debt-rescheduling deal with its bondholders. HMM announced that it has reached a resolution with holders of all five bond issues that
The design and technical features of Finland's newest icebreaker Polaris were presented on Monday, June 6, in Helsinki as part of the CIMAC World Congress. IB Polaris is the most environmentally friendly diesel-electric icebreaker ever built
DNV GL has initiated a joint industry project for the design of a state-of-the-art next generation LPG carrier. LPGreen aims is to develop a more energy efficient, environmentally friendly, and safer vessel for the transportation of LPG products
India plans to form an alliance with Japan and South Korea to buy liquefied natural gas (LNG) at "reasonable prices", the country's oil minister Dharmendra Pradhan said. India may soon rope China into the alliance as well, he said.
Oman’s Ministry of Transport and Communications (MoTC) has signed agreements with three ship classification societies for small ships that do not abide by international treaties, said a report in Times of Oman. The agreements were signed with the British (Lloyds Register of
BIMCO President and Chairman of Louis Dreyfus Armateurs, Philippe Louis-Dreyfus opened the Armateurs de France and BIMCO event in Paris on 14 June 2016. The purpose of the event was to provide an overview of BIMCO’s main activities and explain the ongoing work on some high profile
Several key dry bulk shipbrokers have formed the Competitive Ship Brokers Limited (CSBL) to challenge the Baltic Exchange over their role in the market as it tries to sell itself to the Singaporean financial giant SGX, reports the Telegraph.
BIMCO has opened a new regional office in Singapore in order to increase services to its members in the Southeast Asia region and boost collaborations with regional maritime associations. BIMCO’s new Singapore contact will be General Manager, Maite Bolivar Klarup
ABB is opening a new integrated Operations Center in Singapore, the third facility of its type and first in Asia, which will allow the company’s engineers to follow the sun across the globe. Typically, at the end of the working day
Helm Operations signed on more than 50 commercial maritime companies to its maritime software, Helm CONNECT, many of whom are trying to prepare for the publication of Subchapter M. Helm CONNECT’s customers come from a variety of commercial maritime industries