The Maritime Administration has approved the award of a new Maritime Security Program operating agreement to Ocean Shipholdings, Inc., a U.S. citizen-owned company. The new agreement, MA/MSP-108, provides for the operation of the product tanker Baltic Mariner in the MSP. Under the agreement, the vessel is required to re-flag under U.S. documentation and employ U.S. citizen merchant mariners. In addition to other specific commercial and military criteria, Ocean Shipholdings qualified for the award based on its status as a U.S. citizen-owned company as defined in Section 2 of the Shipping Act of 1916.
The Sustainable Ocean Summit 2013 (SOS 2013), organized by the World Ocean Council (WOC), is an international ocean business community gathering dedicated to industry leadership and collaboration in developing solutions to ocean sustainability challenges. Washington D.C. - April 22-24, 2013 The theme of SOS 2013 is “Oceans 2050–The Ocean Business Community and Sustainable Seas.” The SOS is designed for the diverse range of ocean industries: shipping, oil and gas
Charting the Course for Ocean Science in the U.S.: Research Priorities for the Next Decade The public comment period is now OPEN for Charting the Course for Ocean Science in the United States: Research Priorities for the Next Decade, a draft document that outlines the national ocean research priorities for the United States for the next ten years. All interested parties are encouraged to review the document and provide input during this 45 day public comment period (scheduled to close
XPRIZE announced the launch of its next major competition: the $2 million Wendy Schmidt Ocean Health XPRIZE. On the heels of the successful Wendy Schmidt Oil Cleanup XCHALLENGE, the Wendy Schmidt Ocean Health XPRIZE aims to spur global innovators to develop accurate and affordable ocean pH sensors that will ultimately transform our understanding of ocean acidification, one of the gravest problems associated with the rise in atmospheric carbon dioxide (CO2).
With oceans considered by many as one of the last frontiers, the American Bar Association's new book “Zoning the Oceans: The Next Big Step in Coastal Zone Management’’ is intended to help experts and government planners use zoning as a vehicle for ocean development and management. It is claimed to be the first book to focus on new and emerging state ocean zoning programs in the context of recent developments in offshore coastal zone regulation at the state and federal
XPRIZE announced that team registration is open for the $2 million Wendy Schmidt Ocean Health XPRIZE, a competition to incentivize breakthroughs in ocean pH sensor technology that will radically transform our understanding of ocean acidification. Teams are expected to come from diverse backgrounds, ranging from nanotechnology and biotechnology to industrial chemistry and marine science -- from academic institutions, nonprofit organizations and small and medium enterprises
The Financial Mirror has reported that Ocean Tankers Holdings Pcl has covered its initial public offering but has requested an extension until November 8 in order to allow time to the CSE to open trading accounts for overseas investors, mainly Greek shipowners who are participating in the issue. Ocean Tankers offered a total of 3 mln shares during the IPO aiming to raise CYP 755.700 and according to confirmed reports has completed the issue at least one time.
Drew Stephens to lead Esri's Geographic Information Systems (GIS) for Ocean and Coastal Environments Industry. Esri has hired Drew Stephens to expand the market for GIS within the ocean industry. Esri, the world leader in GIS, has accelerated the development of its ocean technologies via the Esri Ocean GIS Initiative. As Esri's industry manager for ocean and coastal environments , Stephens will play a key role in this effort through his diverse background and GIS experience.
Drew Stephens Leads GIS for Ocean and Coastal Environments Industry. Esri has hired Drew Stephens to expand the market for GIS within the ocean industry. Esri, the world leader in GIS, has accelerated the development of its ocean technologies via the Esri Ocean GIS Initiative. As Esri's industry manager for ocean and coastal environments, Stephens will play a key role in this effort through his diverse background and GIS experience.
Congressmen Farr and Young introduce a bi-partisan Congressional Resolution designating September 22, 2013 through September 28, 2013, as “National Marine Technology Week”. Resolution coincides with the 50th anniversary of the Marine Technology Society and OCEANS 2013 in San Diego. The Marine Technology Society is an international community of ocean engineers, technologists, policy-makers and educators that provides the ocean community with forums for the exchange of information
A Vietnamese official news agency report informs that Singaporean vessels searching for the missing Malaysia Airlines passenger plane have found debris or floating objects of some kind, located 100 km southwest of Tho Chu Island in the South China Sea
Sea Star Line LLC and Horizon Lines LLC have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico, the Department of Justice announced today
CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced adoption of CargoSmart’s Japan AFR (advanced filing rules) management solution to effectively address Japan’s new compliance requirement which goes into effect March 10th with
Ocean Rig UDW Inc., a global provider of offshore deepwater drilling services, announced that it has commenced a cash tender offer for any and all of its currently outstanding 9.5% Senior Unsecured Callable Notes due 2016 on the terms and subject to the conditions set forth in the company's offer
South American Company Agrees to Plead Guilty to Price Fixing on Ocean Shipping Services for Cars and Trucks. First Charges in the Department’s Antitrust Investigation Involving Ocean Shipping Services; Conspiracy Affected Global Cargo Shipments, Including at Port of Baltimore.
Royal Boskalis Westminster N.V. (Boskalis) announces that it has reached an agreement to acquire Fairmount Marine B.V. and Fairmount Ocean Towage Company B.V. (Fairmount) from the French group Louis Dreyfus Armateurs. The transaction values the company at an average multiple of approximately six
The Woods Hole Oceanographic Institution (WHOI) has appointed Christopher Land to be its General Counsel and Vice President for Legal Affairs. Land assumes his post on March 3. As general counsel, Land will provide advice, opinions and representation on all areas of law affecting the
Crowley Maritime Corp. inform that its ocean class tugs have successfully delivered oversized, overweight equipment – comprised of topsides, tendons, piles and more – that are now part of a massive semi-submersible floating production facility located in the U.S
Cargo growth between Asia and the Middle East/Indian Subcontinent region was poor in 4Q 13, indicating that ocean carriers need to seek economies of scale and to look for more profitable ways of serving the trade lane, finds Drewry's latest Container Insight Weekly in a trade route analysis
Reuters- Dry bulk carrier Golden Ocean Group Ltd expects double-digit growth in global iron ore trade in 2014, helping its markets pick up momentum and improving rates, the company's CEO Herman Billung said at a conference in Oslo on Wednesday.
China, Japan shipyards reel-in the orders in the past week, Korea figures too in the VLGC sector: interestingly there was just one new order in the tankship market, reports Clarkson Hellas in their latest S&P Weekly Bulletin, as follows: Dry bulk ships
The analysis considers that the US Arctic Ocean presents almost a perfect storm of risks: a requirement for a long-term capital-intensive investment for uncertain return; a remote and uniquely challenging operating environment; ongoing court challenges; a lack of extraction and spill response
The U.S. Naval Research Laboratory (NRL) & the National Center for Environmental Prediction (NCEP) within the National Ocean and Atmospheric Administration (NOAA) have entered into a formal agreement that results in NCEP using Navy developed global ocean forecast model technology to make
March 6 marks the start of a new service from Los Angeles gateway. CaroTrans, a global NVOCC (non-vessel operating common carrier) and ocean freight consolidator, has announced a new weekly, direct, all-water LCL (less than container load) service from the U.S
The US Coast Guard inform that search and rescue personnel at the District Seven Command Center in Miami are coordinating fire-fighting efforts on a towed 730-foot barge loaded with containers on fire about 86-miles northeast of Nassau, Bahamas.