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Report Examines

White & Case Publish New Marine Industry Report

Global law firm White & Case LLP announced the availability of a new report, "Restructuring & Beyond: The marine industry's routes to safety." The report focuses on survival strategies for those affected by the industry's downturn as well as emerging opportunities for companies, banks and investors. "Market equilibrium remains out of balance, and risks remain for the maritime sector," said Christopher Frampton, Partner and Global Head of the Asset Finance Practice of White & Case. "We have seen some contraction in the bank market. This, together with continued demand for capital, presents opportunities for alternate sources of finance. Private equity and the export credit agencies may bridge a part of the gap, but with portfolio composition evolving for other investors, we may see a fresh focus on the U.S. capital markets." The report features insight from industry experts including Richard Haines, a ship broker at Howe Robinson; Paul Slater, chairman of First International; Erik Nikolai Stavseth, an analyst at Arctic Securities and Albert Stein, managing director at AlixPartners. The report examines: •Strategic and practical measures companies under threat might take to preserve their future •How lenders and investors can support companies by continuing to deploy capital •New opportunities for investors and new sources of capital


Dry Bulk Shippers Fail to Benefit From Trade Growth

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The Bedford Report Provides Analyst Research on Genco & Diana Shipping NEW YORK, NY--(Marketwire - March 10, 2011) - The bulk and tanker sectors of the shipping industry have been in the headlines for all the wrong reasons this year. Both sectors have been underperforming as freight rates remain under pressure based on too many available ships and not enough demand to match supply. Compounding the crisis, Chinese demand for raw materials has dropped dramatically as the nation tries to


Global Offshore Pipeline Market by Region 1997-2006

source: The World Offshore Pipelines & Umbilicals Report II – Douglas-Westwood Ltd The installation of almost 50,000 km of pipeline is forecast over the next five years in the new second edition of The World Offshore Pipelines and Umbilicals Report 2002-2006, published today by leading offshore analysts Douglas-Westwood and offshore data specialists Infield Systems. According to the report’s lead author, Dominic Harbinson of Douglas-Westwood


Report Examines ROV Growth

In a recent report, the energy & marine industry analysts Douglas-Westwood, has revealed that operations of cable controlled work-class remotely operated underwater vehicles (ROVs) is a business worth $600 million worldwide and this is forecast to grow to $725 million by 2008. The firm reported these results in ‘The World AUV & ROV Report,’ a new global business study published. In his keynote address to delegates at the ‘Advances in Technology for Underwater Vehicles’ conference in London


Kværner ASA Updates Verdal Accident Situation

Kværner ASA: Serious accident at Verdal: internal investigation completed. Kvaerner's internal investigation following from the serious crane accident at the Verdal yard 8 February 2012 has been completed and the main findings have been presented to the Police and the Norwegian Labour Inspection Authority. The investigation report examines the accident in detail, reviews the existing health and safety procedures in place for work at heights


GAO Critical of Navy Flat-top Program

Artists rendering of CVN 78

In a new report, the US Government Accountability Office (GAO) states that the Navy faces technical, design, and construction challenges to completing 'Gerald R. Ford' (CVN 78) that have led to significant cost increases and reduced the likelihood that a fully functional ship will be delivered on time. The GAO finds: The Navy has achieved mixed progress to date developing CVN 78's critical technologies, such as a system intended to more effectively launch aircraft from the ship


Cummings: Oversight of Safety on Cruise Ships Will Continue

U.S. Congressman Elijah E. Cummings (D-MD), Chairman of the Subcommittee on Coast Guard and Maritime Transportation, led the Subcommittee in conducting a hearing on crimes against Americans on cruise ships following a request made by U.S. Congresswoman Doris Matsui (D-CA). Witnesses included representatives of the Federal Bureau of Investigation and the Coast Guard, a representative of a victims' rights advocacy group, a former cruise passenger


ICS Report Advises on Action to Reduce Accidents

Navigation safety and environmental protection in the Straits of Malacca and Singapore could further improve following a detailed investigation into accident reports by the International Chamber of Shipping (ICS). ICS (as part of a wider initiative being undertaken by the Round Table of international shipping associations) has conducted a survey of incident reports which it is anticipated will result in the development of agreed proposals to enhance the management of traffic in the Straits


'Emission Manager' Launched by GL

Celebrating GL Emission Manager Launch: Photo credit GL

GL launches “GL EmissionManager” - Hamburg Süd is partner in a pilot project. At SMM 2012 classification society Germanischer Lloyd announced the launch of a new product, “GL EmissionManager”, which will allow owners and operators to collect, track and calculate the emissions of a ship in detail for the first time. In cooperation with German shipping company Hamburg Süd, GL have developed the GL EmissionManager system to systematically capture all


New Report Examines MOL Comfort Casualty

MOL Comfort: Photo courtesy of PTI

Following the loss of the container vessel MOL Comfort on June 17, 2013, ClassNK established a special Casualty Investigation Team in order to investigate and determine the cause of the casualty. Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) further established a Committee on Large Container Ship Safety to develop measures to ensure the safety of large container vessels on August 29, 2013


Chinese Submarine Dives into Indian Ocean

Chinas submersible Jiaolong

A Chinese submarine has started to search an area of the Indian Ocean for seabed deposits of gold, silver, copper and zinc, in a four-month-long mission.   A Chinese submersible vessel has been conducting its first deep dive in the Indian Ocean in search of rare metals


Study Examines Impacts of Inland Waterway Investment

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The National Waterways Foundation (NWF) has commissioned and released a two-year study to examine the U.S. inland waterways’ national economic return on investment and the need for and benefits of an accelerated program of waterways system improvements that sustain and create American jobs.


Investment Impact in Inland Waterways System

National Waterways

  The National Waterways Foundation (NWF) has commissioned and released a two-year, ground-breaking study by the University of Tennessee and the University of Kentucky, “Inland Navigation in the United States: An Evaluation of Economic Impacts and the Potential Effects of


Greek Shipping Fears Syriza Tax Plan

Image: Hellenic Shortsea Shipowners Association

Will the new government in Greece led by radical-left party Syriza levy higher taxes that the shipping industry can’t afford? A report in WSJ says that several owners in Greece’s important shipping sector are worried about this. 


NYK Holds 8th Environmental Management Conference

From left, Executive Vice-president Corporate Officer Tadaaki Naito NYK Business Systems Co., Ltd. Infrastructure Management Group, Infrastructure Planning Team Mr.Yoshiaki Manji Yusen Real Estate Corporation Property Manag

  NYK welcomed about 60 environmental supervisors from 47 NYK Group companies to the group’s annual Environmental Management Conference in Tokyo. NYK holds this conference with NYK Group companies to share information on environmental practices and strengthen environmental management


Inlecom Introduces i-Ship

Photos by Inlecom

Inlecom Systems Ltd (Inlecom) has launched i-Ship, an innovative software application, enabling ship representatives to fulfil their reporting obligations to European and International maritime and custom authorities with greater speed and efficiency.  


German CO2 Cuts Dampen Carbon Permit Demand

Germany's new, lower targets for CO2 emissions will further curb demand for carbon permits and undermine Europe's already dysfunctional emission trading system, the EU's new energy commissioner told a German newspaper. "The agreed additional emission reductions in the power plant sector


Maritime Professional Q4 Edition Available

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The Q4 edition of Maritime Professional -- with Buckley McAllister, fifth generation leader of McAllister Towing profiled -- is now available for download at: http://digitalmagazines.marinelink.com/nwm/MaritimeProfessional/201411/ In addition to the McAllister profile


MultiNational Crews - Working in Unison

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Videotel, a KVH company, has developed a new program aimed at teaching crew aboard a vessel how to work together as a cohesive unit regardless of nationality differences. Ships’ crews today invariably include seafarers serving onboard from many different nationalities and while this mix


Canada Invests $1.8m in Tignish Harbor

Canada’s Shea announces a $1.8 million contract for Tignish Harbor; contract awarded to Gaudette's Transit Mix Ltd.   The Government of Canada has awarded a $1.8 million contract through a public tendering process to Gaudette’s Transit Mix Ltd


First Dividend from Nordex Likely

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  German wind turbine maker Nordex is mulling paying a dividend for the first time since listing on the stock exchange as part of efforts to create a long-term investor base, its chief financial officer told a German newspaper. "We will think about it but I cannot already today


Port of Cleveland Approves 2015 Investments

Photo: Port of Cleveland

Port of Cleveland budgets for more investments in 2015; reports findings from independent study of Irishtown Bend   The board of the Cleveland-Cuyahoga County Port Authority voted today to accept an annual budget for 2015. The budget includes $20 million in capital investments to enhance


Report: Dire Conditions in Indian Shipbreaking Yards

Photo: NGO Shipbreaking Platform

Report by Indian research institute reveals poor enforcement of occupational health and safety provisions   The working and living conditions at the shipbreaking yards of Alang, India, remain alarmingly poor, argues a new study published in the Economic & Political Weekly


Making Money with Marine Monitoring

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The myriad benefits of gplink are well documented. What you do with it is literally ‘your business.’ Remote Monitoring and Tracking company gplink bills itself as the most capable remote diagnostic tool available for high horsepower systems


Maritime Quarantine & Isolation

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Seven years ago, I authored an article on quarantine and isolation.  With the outbreak of Ebola virus disease (EVD) in West Africa, it is time to dust off and update that article.  The concepts of quarantine and isolation lie at the juncture of medicine, law and public safety






 
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