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
Oilfield services provider Halliburton Co's acquisition of smaller rival Baker Hughes Inc is facing resistance from U.S. regulators who are concerned that the deal could hurt competition, Bloomberg reported. Justice Department lawyers reviewing the proposed $35 billion deal are worried
Shipping freight rates for transporting containers from ports in Asia to Northern Europe dropped 22.8 percent to $400 per 20-foot container (TEU) in the week ended last Friday, data from the Shanghai Containerized Freight Index showed.
Transas’ chart plotter and AIS Viewer navigation app iSailor, available to iOS device users since 2010, is now also available in an Android version. Described as an easy-to-use navigational system for amateur seafarers, Transas said iSailor is used by hundreds of thousands of
BSEE is providing updated guidance for the current and future hurricane seasons through a Notice to Lessees (NTL) released July 27, 2015. NTL 2015-G02 clarifies reporting requirements related to personnel evacuation, production curtailment, and shut-in activity
Twelve migrants died on Thursday when their overcrowded rubber dinghy sank off the coast of Libya, the Italian Coast Guard said, while some 500 were rescued in the latest episodes in the Mediterranean migrant crisis. The corpses of the victims were found in the sea by the Coast Guard ship
Greece has submitted a fresh proposal which includes hiking shipping taxes and to gradually remove the industry's special tax status to the EU in a bid to secure a 53.5 billion euro ($59bn) rescue package to help cover its debts until 2018 and stave off bankruptcy.
GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems, announced today that it has donated a GOST EZ-Tracker to provide location information as part of the refit of the universally
The Simrad Professional Series has launched a new lineup of professional-grade Electronic Chart Display and Information Systems (ECDIS)– theSimrad MARIS ECDIS900 MK5 and MK15.Available in 19-, 24-, and 26-inch widescreen monitors
Provider of insurance and related risk management services to the transport and logistics industry TT Club said it welcomes the initiative of the World Shipping Council (WSC) in its recent publication of guidelines to the industry in relation to implementing the SOLAS requirements that become
We all can agree that the safety of our employees is critical; if not the most important concern of each of our companies. Our marine-based employees face day-to-day perils that are not encountered by the average American office worker. It is our duty to do everything that we can to ensure that
Maersk Line, the world's largest container shipping company, told its clients on Tuesday it would raise the freight rate from Far East Asia to Europe by $1,000 per 20-foot container (TEU) as of Aug 1. The company declined to say what the current rate was or what the new rate would be as numbers
Singapore state investment company Temasek Holdings has put up its struggling $1.7 billion shipping company for sale, the Wall Street Journal reported, citing people familiar with the matter. Neptune Orient Lines Ltd (NOL), 65 percent-owned by Temasek
Singapore Sovereign Wealth Fund Temasek Holdings has put Neptune Orient Lines (NOL) up for sale, says a Wall Street Journal (WSJ) report. The WSJ reported that Temasek was in talks with one buyer in recent months but the two sides could not agree on a price for the loss-making
The National Armed Forces of Latvia said they found a submarine on Sunday and a group of Russian warships in the exclusive economic zone of Latvia. The Sputnik reports that the Armed Forces saw Russian Kilo-class sub and a Tarantul-class corvette between four and six nautical miles
Published today, a new report from the International Chamber of Commerce (ICC) International Maritime Bureau (IMB) highlights a continuing trend in South East Asia in the hijacking of small coastal tankers by maritime pirates, averaging one attack every two weeks.