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Ocean Shipholdings

Ocean Shipholding Security Ops Agreement

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.


First LNG Containership Receives ME-GI Engine

Photo: TOTE

Late last month, NASSCO engineers placed the world’s first dual-fuel slow speed engine into the World’s First Liquefied Natural Gas (LNG) powered containership. The ME-GI engine represents the next generation of technology that will open the door to a cleaner and safer shipping industry, particularly in the United States. Doosan Engine built the 8L70ME-C8.2GI under license from the designer MAN Diesel and Turbo. The engine weighs 539 tons.


Sustainable Ocean Summit 2013

Photo: World Ocean Council

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


XPRIZE Opens Registration for $2M Ocean Health Competition

WSOHXP_Art.jpg

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 Sustainable Ocean Summit set for Singapore

(© Silke Stuckenbrock/Silke Photo 2008/Marine Photobank.)

 “Sustainable development” has gone from buzz word to business imperative in the two decades since the initial Earth Summit in Rio de Janeiro in 1992. Companies are increasingly evaluated on how well they address sustainability as a critical measure of their commitment to the triple bottom line – people, planet and profit.  Stakeholders expect companies to develop sustainability and corporate responsibility programs and reporting as part of efforts to take up civil


Ocean Economy Set to Double in Size by 2030

Image: Organisation for Economic Co-operation and Development (OECD)

 The world’s oceans must be managed well to ensure the potential of an “ocean economy” that was worth US $ 1.5 trillion in 2010.   "Calculations based on the OECD’s Ocean Economy Database value the ocean economy’s output (measured in terms of the ocean-based industries’ contribution to economic output and employment) in 2010 at USD 1.5 trillion, or approximately 2.5% of world gross value added (GVA)


Wendy Schmidt Ocean Health XPRIZE Offers $2 Million Award

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).


Coastal Zone Management: ABA Publish New Book

Book cover: Image courtesy of ABA

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


Crowley Christens New Ocean Class Tugboat

Photo: Crowley

Crowley christens new ocean class, DP2 tugboat, Ocean Sun, in Louisiana As part of the company's new vessel build program, Crowley Maritime Corp. christened the latest of its four tugboats in the ocean class series, Ocean Sun, today in Lake Charles. The ceremony served to formally welcome the fourth dynamic positioning 2 (DP2) tugboat to the company’s expanded ocean towing fleet, which has been involved in most of the major offshore oil production installations in the U.S


WOC Sustainable Ocean Summit in Singapore

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  The World Ocean Council (WOC) has announced its 3rd Sustainable Ocean Summit (SOS) to be held on 9-11 November, 2015 in Singapore. The SOS is the only international, multi-sector, business event dedicated to “Corporate Ocean Responsibility”. This first SOS to be held in Asia, the 2015 event is being developed in collaboration with stakeholders in Singapore, Hong Kong and responsible business leadership companies from around the world.


Pirates Switch to Kidnapping Crew as Oil Fetches Less

Pirate gangs in West Africa are switching to kidnapping sailors and demanding ransom rather than stealing oil cargoes as low oil prices have made crude harder to sell and less profitable, shipping officials said on Tuesday.   Attacks in the Gulf of Guinea - a significant source of oil


Halonen Named COO, Greencarrier Freight Services

Jarmo Halonen Photo Greencarrier Freight Services

Greencarrier Freight Services has promoted Jarmo Halonen to the role of Chief Operating Officer, with combined responsibility for the company’s air, ocean, road and rail freight activities. This is the first time the four modes have been brought under the control of one director.  


Mariner Rescued after 2 Months at Sea

Photo USCG

A 29-year-old man arrived in good condition to Honolulu Wednesday aboard a Coast Guard small boat after being rescued by merchant mariners in the Southeastern Pacific Ocean and surviving a two- month ordeal at sea. A Coast Guard 45-foot Response Boat-Medium crew from Station Honolulu safely


Pan Ocean on Recovery Path

Photo: Pan Ocean Co.

 S. Korea’s Pan Ocean Co.  is expected to see its earnings improve amid rising Baltic Dry Index (BDI) that affects spot contracts accounting for more than half of the South Korean bulk carrier’s total shipping contracts, reports the Pulse.  


Canada to Build 7 New Survey Vessels

Charting Canada's waters: Canada’s government to build seven new hydrographic survey vessels   Canadian Minister of Fisheries, Oceans and the Canadian Coast Guard, Hunter Tootoo, announced that Kanter Marine Inc. of St. Thomas, Ontario is the winning bidder for the procurement of


El Faro’s Voyage Data Recorder Located

Voyage data recorder next to El Faro mast on ocean floor (Photo: NTSB)

The voyage data recorder (VDR) belonging to sunken cargo ship El Faro was found early Tuesday morning in 15,000 feet of water, about 41 miles northeast of Acklins and Crooked Islands, Bahamas, the National Transportation Safety Board (NTSB) announced.  


FMC's Doyle Acknowledges Progress on Container Weight Rules

William P. Doyle (Photo: FMC)

U.S. Federal Maritime Commissioner William P. Doyle has issued a statement regarding the ongoing discussion on container weight measures, welcoming a recent announcement from OCEMA: “OCEMA's statement on container weighing this evening is welcome news,” Doyle said


Oregon State Seeks Shipyard Input for New Research Ship

(Rendering: The Glosten Associates)

Oregon State University to issue RFI on ship project after design completion   The design phase for a project to construct a new regional class research vessel to replenish the United States academic fleet is complete, and Oregon State University will issue a request for information (RFI)


Cosco Pacific Appoints Zhang Wei as Vice Chairman

Photo: Cosco Pacific Ltd.

 Cosco Pacific Ltd. has appointed Zhang Wei as vice chairman and managing director, replacing Qiu Jinguang who has stepped down from the positions with immediate effect, reports Dow Jones.   "Qiu Jinguang has resigned as an Executive Director


Alliance Merry-go-round Spins Again

Photo: CMA CGM

 Four carriers have announced a new OCEAN Alliance to start next year. Where does this leave those carriers left behind?   To the surprise of many it was announced last Wednesday that four carriers – CMA CGM, COSCO Container Lines


Fitch: M&A, Not Alliances to Help Revive Container Shipping

File Image: a containership at the berth in the Port of Savannah, GA (credit: GPA)

The following statement was released by the rating agency: Mergers and acquisitions, rather than the historically more popular alliances, are inevitable to address chronic overcapacity and drive further cost savings in container shipping, Fitch Ratings says


Fincantieri Orders Heat Power Systems for Cruise Newbuilds

Photo: Fincantieri

Italian shipbuilding group Fincantieri has selected Climeon’s heat power system Climeon Ocean for its energy efficient solutions, purchasing six Climeon Ocean 450M systems to be installed in its upcoming new cruise ship builds. Total capacity on all ships is up to 2.7 MW.


UK Navy Warship Escorts Queen Mary II

HMS Defender with RMS Queen Mary II (Photo: U.K. Royal Navy)

U.K. Royal Navy warship HMS Defender provided escort duties for transatlantic ocean liner RMS Queen Mary II through the Gulf of Oman. The Type 45 destroyer, dwarfed by the enormity of the cruise liner, is equipped with an array of weaponry and radar tracking systems to ensure the safe passage


EU Clears CMA CGM, NOL Merger, with Conditions

File image: a CMA CGM containership (Marad)

The European Commission said on Friday it had cleared French shipping group CMA CGM's $2.4 billion takeover of Neptune Orient Lines on condition that NOL pulls out from a rival shipping alliance. The announcement confirms a Reuters report on April 21 about the impending approval.


Oceans Gasping for Breath, Oxygen Running Low!

Deoxgenation due to climate change is already detectable in some parts of the ocean. New research from NCAR finds that it will likely become widespread between 2030 and 2040. Other parts of the ocean, shown in gray, will not have detectable loss of oxygen due to climate change even by 2100. Image Credit: NCAR

 Rising levels of CO2 are making it hard for fish to breathe in addition to exacerbating global warming and ocean acidification.   Climate change has caused a drop in the amount of oxygen dissolved in the oceans in some parts of the world






 
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