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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


Map Shows Kidnap & Piracy Threats

Source: NYA International

Global risk and crisis management consultancy NYA International today releases its 2016 Kidnap and Piracy Map, accompanied by the Global Kidnap Review, a special report examining kidnap for ransom over 2015 and identifying themes for 2016. Together, the map and report provide a guide on the threats to people and operations worldwide.    Intensified civil conflicts in Africa, entrenched criminality in Latin America and the advance of Islamist militancy in spaces worldwide have


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


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


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


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


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


Calif. Forum Examines Transport ‘Beyond Traffic’

Paul “Chip” Jaenichen (Photo: MARAD)

Maritime Administrator Jaenichen, Vice Mayor Lowenthal Host Town-hall style Forum on Beyond Traffic Framework   U.S. Maritime Administrator Paul “Chip” Jaenichen and Long Beach Vice Mayor Suja Lowenthal today hosted the third of 11 nationwide regional forums on the Beyond Traffic draft framework at Long Beach Convention Center. The Beyond Traffic report examines the trends and choices facing America’s transportation infrastructure over the next three decades


USCG Sets 2nd Round of Hearings for El Faro

El Faro (File photo: TOTE)

The U.S. Coast Guard will conduct a second round of public hearings May 16-27 for the Marine Board of Investigation into the loss of the U.S.-flagged cargo ship El Caro, and its 33 crewmembers.    The Coast Guard completed its first round of hearings in February 2016.


US Coast Guard Resumes Probe into El Faro Sinking

Photo: NTSB

U.S. Coast Guard investigators on Monday resumed a probe of last year's deadly sinking of the El Faro off the Bahamas, beginning two weeks of hearings to examine the cargo ship's operations, weather forecasts and regulatory oversight. Captain Eric Bryson


Iranian Port Deal: Modi's Masterstroke

Photo: Presidential Office of Iran

 Indian Prime Minister Narendra Modi signed a deal to develop the Chabahar port in Iran for which India will extend $500 million. The historic pact makes Chabahar the first foreign port which India is involved in developing to such a large extent.    


Details El Faro's Sinking Emerge from US Probe

El Faro (File photo: TOTE)

U.S. investigators on Friday concluded two weeks of hearings into the sinking of cargo ship El Faro in a hurricane last fall that included reports the vessel had outdated weather data and testimony from some of the last people to see it.  


Floating Wind Power: A Semisubmersible Floating Turbine Foundation

Floating2_150386WEB.jpg

Floating foundations for wind turbines present some technical advantages, which is encouraging more and more industry players to develop new floaters. Firstly, they can be deployed in deep seas, independent of the soil conditions. Secondly, the installation and heavy maintenance can be done in


Modeling & Simulation Not Only for Naval Combatants

Figure 1: 6,000 Ton Training and Hospital Vessel Simulated at Sea. (Alion)

Throughout the history of naval warfare a consistent pattern has evolved between the development of anti-ship threats and the development of shipboard protective measures against those threats. Since the 1980’s, the combination of ship-board protective measures has been colloquially referred


The Container Fleet: Think Inside The Box?

Graph: Clarksons Research

 The increase in containerisation of cargoes and the expansion of the global containership fleet have had a significant impact on global trade and economic development, says a research report from Clarksons Research.   However, this would not have been possible were it not for the


Surveyors Find Torpedo-like Object off Scotland

Shipping vessels have been advised not to anchor where an object thought to be a torpedo was discovered on the seabed of Scapa Flow, Scotland.   On Saturday, February 27, Orkney Vessel Traffic Services informed the U.K. Coastguard that a 7-meter torpedo-like object had been found during a


World War II Torpedo Found at Scapa Flow

Naval divers return to the wreck of HMS Royal Oak to replace her White Ensign (Photo: UK Royal Navy)

U.K. Royal Navy bomb disposal experts have found a German torpedo from World War II at Scapa Flow in the Orkneys.   The torpedo was found on the seabed March 1 after a recent routine sonar survey on behalf of Orkney Islands Council


Shipwreck off N.Carolina Believed to Be Civil War-era Steamer

  A shipwreck discovered off the coast of North Carolina is likely one of three Confederate blockade runners known to have been lost in the area, archaeologists said on Monday.   The remains of the iron-hulled steamer were located on Feb. 27 near Oak Island


DNV GL, Gard, The Swedish Club Step in to Cut Anchor Losses

The root cause of many groundings and collisions, lost anchors are among the top five reasons for claims costs Photo DNV GL

The root cause of many groundings and collisions, lost anchors are among the top five reasons for claims costs. A rising number of anchor losses reported over the last several years prompted DNV GL, Gard and The Swedish Club to investigate this issue


USCG Sees Rise of Electrical Deficiencies on Commercial Vessels

U.S. Coast Guard photo by Marine Safety Detachment Sturgeon Bay

Due to an increase in reported electrical deficiencies on commercial vessels, the Coast Guard is warning commercial vessel owners to inspect their vessels' wiring before getting underway in the spring. Coast Guard marine inspectors have discovered that a number of vessels have significant


RMS Report Examines Marine Risk, Cargo Modeling

RMS has published a new report examining the current state of cargo modeling in the marine market, and providing a new cargo-specific approach to the assessment of vulnerability and port accumulation. The report “Marine Cargo Catastrophe Modeling: Navigating the Challenges


CMA Offers Concessions to get EU Approval for NOL Deal

File image: the CMA CGM Ben Frnklin (Marad)

French container shipping group CMA CGM has offered concessions in a bid to win European Union antitrust approval for its $2.4 billion takeover of Singaporean rival Neptune Orient Lines. CMA CGM, which ranks behind No. 1 Maersk Line and Swiss peer MSC in global shipping


Which way to Munich?

Table and Figure - Source: Drewry Supply Chain Advisors

 Drewry Supply Chain Advisors’ whitepaper finds that the traditional gateway ports in North-West Europe no longer hold all of the trump cards.   A recently published whitepaper from Drewry’s Supply Chain Advisors looking at the ‘Best Routes’ for containerised






 
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