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Bahri Scraps Old Stager Cargo Ship

Saudi Diriyah: Photo courtesy of Saudi Arabia Ports Authority

The National Shipping Company of Saudi Arabia (Bahri) sells 'Saudi Diriyah' for recycling. The sale of the general purpose cargo vessel raised the sum of SAR. 30,257,136 generating a net gain of SAR 19,523,391 after deducting its book value and all expenses associated with the sale. Bahri mention that they had previously announced the signing of six ship building contracts to acquire six new general cargo vessels to replace the older fleet in this sector which have completed their useful life. In addition to the sale of Saudi Diriyah, Bahri had announced on 19th January, 2013 the sale of Saudi Abha, the first of the General Cargo ships. Two sister ships remain to be sold in sequence coinciding with the delivery of the remaining new builds.


Bahri Reports 2012 Annual Profits Up

A Bahri Chemical Tanker: Photo courtesy of Bahri

Bahri announce the Interim Consolidated Financial Results for the 12-month period ended 31st December, 2012. The National Shipping Company of Saudi Arabia (Bahri) report that Net profit, for the 12-months totaled SAR 500.4 million compared to SAR 287.7 million for the corresponding period for the year 2011, an increase of 74 %.  However, Net profit, for the fourth quarter was down and totaled SAR 73 million compared to SAR 113


Philips Joins Wilhelmsen In Canada

Brian Philip picture.jpg

Wilhelmsen Ships Service has appointed a new General Manager for Canada.  Brian Philip joins the leading worldwide ships service network. He will drive what is expected to be significant growth in Canada by developing and strengthening the company’s ability to deliver a full range of Wilhelmsen Ships Service’s offers.   Brian brings with him extensive experience from the logistics industry, where he has held several key commercial management positions


Pentagon Expected To OK NNS Deal

The Pentagon is widely expected to clear the proposed $2.1 billion merger between the two remaining U.S. builders of nuclear submarines and aircraft carriers, eliminating prospects of any future competition between former rivals. Defense Department officials recognize the peculiarities of the situation faced by General Dynamics Corp. and Newport News Shipbuilding Inc., according to antitrust lawyers, industry consultants and Wall Street analysts. With only one major customer -- the U.S


PVA Convention New General Session Speaker

The PVA convention General Session, scheduled for Monday, February 15, from 9:00 a.m.-10:00 a.m. will feature Jim Zitek with his presentation, “Economic Conflict: Are We on the Road to Recovery in 2010?”   Jim Zitek, an expert on finance and the economy will help provide clarity in a world of economic confusion.  He will help eliminate your frustration by exploring the three major approaches economists use to analyze the economy


WASSP Appoints New General Manager

 Ian McDonald, WASSP General Manager.

WASSP Ltd has announced the expansion of the company’s senior management with the appointment of Ian McDonald as General Manager.   The role is a newly created position and will see Mr McDonald overseeing WASSP’s international sales & marketing strategy for their multibeam sonar products. Originally from Glasgow, Scotland, Mr McDonald has vast experience in the marine and offshore sector and has worked with over 300 technology and life science companies and research


NASSCO Win $104 Million Navy Contract

General Dynamics NASSCO Awarded $104 Million Contract Modification for USS Comstock (LSD 45) Modernization.   General Dynamics NASSCO has been awarded a $104 million contract modification from the U.S. Navy to renovate and modernize the dock landing ship USS Comstock (LSD 45).  General Dynamics NASSCO is a business unit of General Dynamics (NYSE: GD).   General Dynamics NASSCO received funding to begin modifications to USS Comstock (LSD 45) in April 2012 and began performing


General Dynamics Launches Morgan County NextGen-911

  General Dynamics Information Technology, a business unit of General Dynamics, has implemented a NextGen-911 emergency service solution for Morgan County, Ohio. The NextGen-911 solution enables Morgan County to easily accept emergency information from a variety of sources and provides first responders with faster, more accurate details to aid in response. Morgan County's NextGen-911 system is one of the first to be compliant with the National Emergency Number Association's (NENA) i3


General Dynamics Board of Directors Elect VPs

The board of directors of General Dynamics elected two new vice presidents of the corporation: Frederick J. Harris, 60, who will succeed Richard H. Vortmann as president of subsidiary National Steel and Shipbuilding Co. (NASSCO); and Chris Marzilli, 46, who will succeed Mark A. Fried as president of business unit General Dynamics C4 Systems. Harris and Marzilli will assume their new positions and become vice presidents of the corporation on January 1.


New Ship Orders Slow Through 2012

The world fleet of dry bulk and general cargo vessels is expected to continue growing through 2012, in spite of weak freight rates and general overcapacity of tonnage, as new ships on order are delivered from shipyards, according to the latest Shipbuilding Market Forecast from Lloyd’s Register - Fairplay Research. While scrapping of existing ships will also increase, it will not be sufficient to offset the massive influx of new ships


Shipping's GHG Emissions Down

Approaching ship: File photo

The total Green House Gas (GHG) emissions from global maritime transport are estimated to have been over 20% lower in 2012 than in 2007, according to "London Matters – the official Maritime London Newsletter", citing the International Chamber of Shipping (ICS).


EDGE Facility to Develop, Deliver Security Capabilities

Center in Nova Scotia will focus on rapidly delivering new technologies and capabilities to the Royal Canadian Navy as they transition to future fleet.    General Dynamics Canada announced the opening of the 17th EDGE facility in the EDGE Innovation Network


General Dynamics Bags U.S. Navy Nuclear Submarine Contract

US Navy

  The U.S. Navy has awarded a $311 million contract to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines. Electric Boat is a wholly owned subsidiary of General Dynamics.


Cape Ray to be Honored at USS AOTOS Event

U.S. Navy photo by Lacordrick Wilson

The MV Cape Ray, a Keystone-managed Ready Reserve Force containership that worked in the Mediterranean Sea for the U.S. Government neutralizing chemical material from Syria, will receive a special recognition on November 7 at the United Seamen's Service Admiral of the Ocean Sea (USS AOTOS) event


ISS Supports Tanzania Port Infrastructure Project

Zen Hua 21berthing in Dar es Salaam

Inchcape Shipping Services (ISS)  has recently managed heavy lift vessel project for Shanghai-based heavy-duty equipment manufacturer, ZPMC in Tanzania. Last month, ISS Tanzania acted as port and discharging agents for the carrier, the Zen Hua 21 which was carrying two SSG (Ship to Shore


Shell & Hyundai Open S. Korea Base Oil Plant

S. Korea plant opening: Photo Shell Lubrication

A joint venture company formed by Shell and Hyundai Oilbank, has inaugurated a new base oil manufacturing plant in Daesan, South Korea. The plant has the capacity to produce approximately 13,000 barrels per day or 650 kilotonnes of API Group II base oils per year


G E Shipping Acquires a Supramax Bulk Carrier & Sells "Jag Prachi"

Jag Prachi

  The Great Eastern Shipping Company Ltd. (G E Shipping) took delivery of a 2006-built Supramax Bulk Carrier of about 52,454 dwt. The company had contracted to buy the ship earlier this month. Earlier yesterday the company reported having delivered its 1991 built General Purpose Product


DNV GL Supports Call to Put a Price on Carbon

Bjørn Kj. Haugland, DNV GL Chief Sustainability Officer, here with Christiana Figueres, Executive Secretary of the United Nations Framework Convention on Climate Change (UNFCCC), and Erik Rasmussen, CEO of Monday Morning Gl

  DNV GL joins global push to put a price on carbon. Over 1,000 companies and 73 countries now support a price on carbon to start bringing down emissions. Speaking on the sidelines at the UN Climate Summit in New York, DNV GL Group Sustainability Officer Bjørn K


Keel Laid for Crowley Jones Act Tanker

Photo: Crowley

First of four Crowley tankers celebrated in keel laying ceremony at Aker Shipyard The first of four Crowley Maritime Corp. product tankers was celebrated today in a keel laying ceremony held at Aker Philadelphia Shipyard, Inc. (APSI), the wholly-owned U.S


Warplane Bombs Port in Libya's Benghazi

A warplane attacked the non-oil port in Libya's eastern city of Benghazi on Wednesday, witnesses said. Forces loyal to former general Khalifa Haftar said they carried out the attack to stop a ship from docking and supplying Islamist fighters.


ICS: Global Shipping's Emissions 20% Lower

Peter Hinchliffe

The total Green House Gas emissions from global maritime transport are estimated to have been more than 20% lower in 2012 than in 2007, according to the International Chamber of Shipping (ICS), the global shipping industry’s trade association.


Dun & Bradstreet Partners Oracle to Reach for Cloud Solutions

  Oracle and Dun & Bradstree, the world's leading source of commercial information and insight on businesses, today announced they have partnered to extend Oracle's Data-as-a-Service (DaaS) offerings by integrating Dun & Bradstreet's commercial business


TOTE, Saltchuk Secure Financing for Marlin Class Vessels

TOTE President and CEO Anthony Chiarello (left) with U.S. Secretary of Transportation Anthony Foxx

Maritime Administration to Provide Title XI Loan Guarantee for World’s First LNG Containerships Today, the U.S. Maritime Administration (MARAD) announced a $324.6 million loan guarantee for TOTE Shipholdings and Saltchuk Resources for their Marlin Class vessels


Ban Launches UN Ebola Response Mission

Two midwives in Ebola protective gear supplied by UNFPA hand over a newborn to her mother at the Star of the Sea Clinic in West Point, Monrovia, Liberia. Photo UNFPA Liberia

  IMO Secretary-General Ban Ki-moon has officially established the United Nations Mission for Ebola Emergency Response and has instructed the advance teams for the first-of-its-kind operation to head to its base in Accra, Ghana, by Monday, 22 September.


Ban Welcomes Leonardo DiCaprio as UN Messenger of Peace

Pictured left to right United Nations Messenger of Peace, Leonardo DiCaprio and UN Secretary-General Ban Ki-moon. UN PhotoMark Garten

   As the eyes of the world turn to New York City, where thousands of people are expected to gather today for a massive march in advance of a United Nations climate summit, Secretary-General Ban Ki-moon yesterday welcomed UN Messenger of Peace, Leonardo DiCaprio






 
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