The St. Lawrence Seaway Management Corporation (SLSMC) issued a statement that the 2002-2003 Annual Report is now available. Including both a narrative text and financial summary, the annual report also mentions that the SLSMC's new business plan increases maintenance expenditures by 36 percent over the next five years. Source: HK Law
Horizon Lines updates progress towards environmental excellence A report (available at www.horizonlines.com) presenting the company’s progress in pursuing environmental excellence through its ongoing “Green Initiatives Program" has been release by Horizon Line.” The report describes the carrier’s efforts to mitigate environmental impact from shipping operations and intermodal transport.
Todd Shipyards Corporation announced financial results for the second quarter ended September 29, 2002. For the quarter, the company reported net income of $2.0 million. For the six month period then ended, the company reported net income of $4.3 million. In the prior year second quarter ending September 30, 2001, the company reported net income of $3.0 million. Per share calculations for the second quarter and first six month period ended September 29
Oil giant TotalFina, which chartered the ill-fated oil tanker Erika, tightened its policy on chartering older tankers. However, company officials stressed that a new age limit on large ships, which would not have stopped it chartering the mid-sized Erika, needed to be backed up by tougher international maritime standards and greater transparency of safety checks. "We still need a global initiative and we are still calling for tighter controls and for charterers to have more access to
Information at the Edge of the World The need for ship-to-shore information exchange has never been greater. Lawrence Poynter product director at iOra explores the sophisticated connectivity solutions that can keep the fleet afloat. For armchair sports fans, 2012 has been a bumper summer of wall-to-wall media coverage. For naval crews, getting the latest NASCAR results, football scores or Olympic record times is more difficult – but not impossible
Following recent reports in the media regarding the use of Emergency Position Indicating Radio Beacons (EPIRBs) the Department of Transport, Tourism & Sport wishes to clarify the position regarding the approval and use of EPIRBs in Ireland. Fishing vessels in Ireland are subject to a comprehensive survey regime covering all safety equipment, including the EPIRB, and a safety certificate is only issued on foot of satisfactory completion of the survey
GlobeOffshore, the first fully integrated workboat management system, is now available from Globe Wireless. The system acts as a decision support tool helping to improve vessel utilization, streamline operational and strategic decisions and maximize vessel efficiency. Onboard, the GlobeOffshore log captures all types of information - cargo, operational, crew and passenger, and position. The data is then available to the vessel owner via the Internet
Large tanker fixing out of the key Middle East market slowed last week as charterers had largely covered their October liftings, resulting in the softening of rates by about two and a half Worldscale points, brokers said last week. VLCCs to Japan commanded between W51 and W52.5, down from the mid W50s the previous week, while Korea was slipping to W50 by the end of the week. Westbound to the U.S. Gulf maintained W47.5, and one Continent fixture reached W50.
Worldwide oil and gas drilling contractor GlobalSantaFe Corporation (GSF)said that its report of drilling rig status and contract information has been updated as of June 8, 2007. The drilling rig status and contract information report on GlobalSantaFe's offshore drilling fleet is available in a condensed format via the company's Web site at http://www.globalsantafe.com. The report is located in the "Investor Relations/SEC filings" section
The U. S. Army Corps of Engineers is preparing to release a draft proposal for public comment and review in the Upper Mississippi River and Illinois Waterway Navigation Feasibility Study. The Corps' study team met with federal principals from the U.S. Department of Agriculture, Environmental Protection Agency, Fish and Wildlife Service and Maritime Administration to discuss the range of possible alternatives. The next step will be the preparation of a draft report in May
Konecranes portal cranes have evolved into effective 21st century management tools. Konecranes, whose portal crane design has been a proven performer for nearly 40 years, continues to develop this workhorse crane for demanding applications and environments in the steel, forest products
Seafarer social media site Crewtoo, part of KVH Industries, Inc., has published the results of its second Crewtoo Seafarers Happiness Index report detailing job satisfaction at sea. Designed to monitor and benchmark seafarer satisfaction levels via 10 key questions
JL Petroleum Pte Ltd has been fined by Singapore after pleading guilty in court to supplying marine fuel in the world's top bunkering hub without a valid license, the Maritime and Port Authority of Singapore (MPA) said in a statement on Wednesday.
The container carriers have managed to reduce their combined CO2 emissions by around one third since 2009, according to a new report. Average CO2 emissions per container per kilometer for global ocean transportation routes have declined by 8
In the offshore industry, time is always of the essence. Vessel owners make it a priority to keep the necessary yard visits as short as possible. To contribute to this short time priority, Heinen & Hopman has developed a containerized fan room that can be completely prefabricated and tested
Massive explosions have injured hundreds in an industrial port in Tianjin, China, as shipments of explosives caught fire and triggered blast waves that could be felt for miles, Reuters reported. The initial explosions occurred roughly 30 seconds apart just before midnight local time
Tender deals helped to liven up a lacklustre West African crude oil market on Thursday, though overall demand remained weak. Indian Oil Corporation bought four cargoes of West African oil, traders said, nibbling at an overhang of unsold September cargoes just a few days before Angola's
A new report released today by Oil Change International and Greenpeace USA details a clear case against drilling for oil in the Arctic ocean based on climate science imperatives. The report, “Untouchable: The Climate Case Against Arctic Drilling,” shows U.S
Low bunker prices buoy owners' spot charter earnings. Freight rates for very large crude carriers (VLCCs), which have fallen to their lowest level in 10 months, are set to slide further next week as the volume of available tonnage outpaces cargo demand.
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 23.2 percent to $640 per 20-foot container (TEU) in the week ending on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
US Army's Foreign Military Studies Office (FMSO) said in its August 2015 report that Moscow is building up its military presence and moving highly advanced and specially modified air defense systems in the resource-rich Arctic region.
The U.S. Coast Guard Barque Eagle sailed into Portsmouth Wednesday on its yearly tour of ports. The Eagle will be available for free public tours Thursday from 10 a.m. - 4 p.m, moored across from Portsmouth City Hall. Representatives from the U.S
Shipping freight rates for transporting containers from ports in Asia to Northern Europe fell by 26.7 percent to $469 per 20-foot container (TEU) in the week ended on Friday, one source with access to data from the Shanghai Containerized Freight Index told Reuters.
Ferguson Group, a supplier of offshore DNV 2.7-1 / EN12079 certified containers, mud skips, tanks, refrigeration/freezer modules, accommodation and workspace modules also certified to DNV 2.7-2, has introduced bunded tanks to its offshore fleet.
In 2012, U.S. ocean and Great Lakes economy grew much faster than overall GDP The U.S. ocean economy outpaced the domestic economy between 2011 and 2012, with an increase of $22 billion in gross domestic product, from $321 billion to $343 billion