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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


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


Texas City Y Marine Casualty Hearing Closes: Results Later

The courtroom: Photo USCG

Coast Guard and National Transportation Safety Board investigators have closed a formal hearing in Galveston, that was held to gather facts that led to a March 22, 2014 collision and subsequent 168,000 gallon oil spill near the Texas City Dike. The purpose of the Coast Guard marine casualty investigation and formal board hearing is to examine the causes of a marine casualty, make recommendations to help avoid a similar incident, improve overall maritime transportation safety


DNV GL Pledges to Help Reduce Offshore Wind Costs by 25%

Cost reduction manifesto

  DNV GL, the world’s largest resource of independent energy experts today share the findings of its latest report “Offshore wind: a manifesto for cost reduction” at WindEnergy Hamburg 2014. Industry action on reducing offshore wind costs is widely regarded as essential


New Masterplanning Guidance for Ports Published

Stephen Cork

A new report, Masterplans for the development of existing ports, has been published today by PIANC. The report was prepared by an international Working Group (WG 158) established 2012 and chaired by Stephen Cork, Technical Director at HR Wallingford.


Report on MOL Comfort Incident is out

MOL Comfort

  In response to the casualty of “MOL COMFORT” which occurred on 17 June 2013, ClassNK established the Investigative Panel on Large Container Ship Safety, comprised of leading experts from shipbuilders, shipowners and academic institutions


Leak May Sideline New Mexico Nuclear Waste Site

New Mexico nuclear waste site

   It may be five years before a nuclear waste dump in New Mexico closed by a radiation leak is fully operational again, and the facility will need at least $240 million to pay for the initial recovery, a U.S. Energy Department official said on Tuesday.


MOL Comfort Loss: ClassNK Report Due Soon

MOL Comfort prior to sinking: Photo India Coast Guard

Japanese ship classification society ClassNK says that in response to the casualty of containership “MOL COMFORT” which occurred on 17, June 2013, it established an 'Investigative Panel on Large Container Ship Safety', comprised of leading experts from shipbuilders


Report Examines Dutch Banks’ Approach to Shipbreaking

Photo courtesy of the NGO Shipbreaking Platform

Report explains how Dutch banking groups deal with risks involved with shipbreaking The NGO Shipbreaking Platform, a global coalition of human rights, labor rights and environmental organizations working to prevent dangerous and dirty ship recycling practices worldwide


Hearing to Examine Status of US Merchant Marine

The U.S. Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Duncan Hunter (R-Calif.), will hold a hearing next week to examine issues impacting the U.S. merchant marine, the fleet of U.S. documented, or flagged, commercial vessels which carries imports and exports during


Public Forum to Address US Port Congestion

U.S. Federal Maritime Commissioner William P. Doyle

Examining Causes, Impact on Stakeholders and Exploring Possible Solutions Federal Maritime Commissioner William P. Doyle will host a forum regarding U.S. Mid-Atlantic and Northeast port congestion on October 1, 2014 at the World Trade Center in Baltimore's Inner Harbor


MARAD Publishes Study on LNG Bunkering

The Maritime Administration (MARAD) released a comprehensive study examining the options for liquefied natural gas (LNG) bunkering and the necessary infrastructure, safety, regulatory, and training factors of each in supplying LNG to ships as a propulsion fuel in the maritime sector


CGA Ranks Among Top Colleges in the US

U.S. Coast Guard Academy offers a quality higher education experience that emphasizes leadership, physical fitness and professional developmen.jpg

  The U.S. Coast Guard Academy continues to be recognized as one of the best institutions for undergraduate education in the nation. According to the U.S. News & World Report Best Colleges 2015 publication rankings, the Academy is listed as No


US Approves LNG Exports from Sempra, Carib Energy Projects

The U.S. Energy Department on Wednesday approved liquefied natural gas exports from two projects, as lawmakers pressed the administration to move quickly to clear a backlog of applications to ship gas abroad. Sempra Energy's Cameron LNG facility in Louisiana and Carib Energy's small-scale


FMC Public Forum on US Port Congestion

Mario Cordero (Photo: FMC)

Federal Maritime Commission (FMC) Chairman Mario Cordero will hold a forum titled, "U.S. Port Congestion: Examining Causes, Impact on Stakeholders, and Exploring Possible Solutions" on Monday, September 15, 2014, from 9:30 a.m. to 4 p.m


Porter Voices Concerns Over Texas Pipelines

Commissioner David Porter

  Commissioner David Porter of the Texas Railroad Commission (RRC) Tuesday visited several south Texas border oil and gas facilities and pipeline rights-of-way to meet with field staff, operators, law enforcement and security officials to examine the vulnerability of Texas’ critical


DW Release World Drilling & Production Forecast Update

Offshore drill rig: File photo

The new quarterly issue (Q3) of Douglas-Westwood’s (DW) World Drilling and Production Forecast (DWD&P) has been released. Major changes have been seen in the forecasts for Iraq, Libya and Uzbekistan. DW inform that the report now also includes forecasts for Bangladesh, Israel


Air Pollution Continues Decline at Port of Long Beach

MSC Altair (Photo courtesy of the Port of Long Beach)

Diesel air pollution from ships, trucks, trains and other big machines at the Port of Long Beach has declined by 82 percent since 2005, a comprehensive air quality analysis has found. The report – which focuses on 2013 – shows seven straight years of steadily declining air pollution






 
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