Marine link
 

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

13889_bedford2.gif

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


Seafarers' Fatigue Report Launched at IMO

MARTHA Image InterManager

InterManager, the trade association for in-house and third party ship managers, together with The Warsash Maritime Academy, has presented the findings of its fatigue study, Project MARTHA, to The International Maritime Organization (IMO).


El Faro Conditions Probed in Final Hearing

El Faro (File photo: Tote)

The U.S. investigation into the deadly sinking of a cargo ship during a 2015 hurricane entered its final hearing on Monday, with ship conditions probed at the start of two weeks of testimony set to examine new detail on El Faro's last hours.  


Ro-ro Vessel Fires: Risks and Recommendations

Norman Atlantic (Photo: EMSA)

As vessel fires have become more prevalent in the car/ro-ro passenger segment, the International Union of Marine Insurance (IUMI) examines these occurrences as the group voices its concerns and puts forward recommendations to mitigate the risks.  


Commercial Sea Training Resumes for USMMA Cadets

USMMA Logo.jpg

The United States Merchant Marine Academy (USMMA) has announced that Sea Year training for USMMA Midshipmen will resume on three commercial carriers beginning in March 2017.   The reinstatement of the program follows the implementation of comprehensive new policies


Stakeholders Discuss Use of HFO in the Arctic

The U.S. Coast Guard (USCG) held a public listening session in Washington D.C. on September 27, 2016 to address ships’ use of heavy fuel oil (HFO) in the Arctic, examining its risks and as well as potential mitigation strategies which can be taken to the International Maritime Organization


Webinar to Address the Future of Renewable Lubricants

Hear from industry experts as they shed light on the short- and long-term future of renewable lubricants – from innovation to regulation.   Fresh off the launch of its latest environmentally acceptable lubricant (EAL), FUTERRA – the first and only commercially available


Japan, Allies Block Proposal for South Atlantic Whale Sanctuary

Photo: IWC

Countries led by Japan on Tuesday blocked a move by South American and African states to create a South Atlantic sanctuary for whales they say are endangered by hunting despite a global moratorium in force for 30 years. The proposal brought by five African and South American countries would


Webinar to Address the Future of Renewable Lubricants

Hear from industry experts as they shed light on the short- and long-term future of renewable lubricants – from innovation to regulation. Fresh off the launch of its latest environmentally acceptable lubricant (EAL), FUTERRA – the first and only commercially available hydrocarbon


Bank of Ireland Winding Down Shipping Loans

Bank of Ireland said it is winding down its shipping business, joining other banks looking to cut non-core lending and exposure to an industry suffering its worst downturn.   Many European banks are already bogged down by a sluggish economy and face tough capital demands from regulators


Cruising for a Better and Equal World

 The cruiseship MS Koningsdam, will be the backdrop of the Women’s InternationalShipping and Trading Association’s Annual General Meeting (9-13 November).    Departing in Port Everglades with stops in Miami and the Bahamas


Shipping Markets Face Cold Winds

Graph: Clarksons Research

 The shipping markets have in the main been pretty icy since the onset of the global economic downturn back in 2008, but 2016 has seen a particular blast of cold air rattle through the shipping industry, with few sectors escaping the frosty grasp of the downturn


What’s New in Floating Production? December 2016

© ggw / Adobe Stock

WER December Floating Production Report  The December WER report examines whether OPEC’s decision to limit crude production will accelerate deepwater project starts over the next 12 to 24 months, given 3 billion barrels of oil stocks in global inventory, 5


Idwal Marine launches Online Ship Inspection Platform

Nick Owens, Director Photo Idwal Marine

Idwal Marine has launched the shipping industry’s first cloud-based online platform to provide instant quotations and deliver reporting for complete vessel condition, pre-purchase and pre-charter inspection services. The online platform www.inspectmyship


MOL, Partners to Study LNG-Fueled Bulker

MOL Executive Officer Toshiaki Tanaka, second from the left, at the signing ceremony. Photo: Mitsui O.S.K. Lines Ltd

 Japenese shipping major Mitsui O.S.K. Lines (MOL) has entered into an agreement with five parties to launch a joint study of a liquefied natural gas (LNG) fueled Capesize bulker.   MOL has announced that it has reached an agreement to launch a joint study of a LNG-fueled Capesize


DMA Cutting Back Special Rules for Danish Shippers

Photo: Danish Maritime Authority

A benchmark analysis shows that Denmark has 33 special requirements for ships flying the Danish flag, a number which the Danish Maritime Authority (DMA) seeks to scale back as it aims to create a more favorable environment for shippers. “Denmark is characterized by quality shipping and






 
rss feeds | archive | privacy | history | articles | contributors | top news | contact us | about us | copyright