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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


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


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


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


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


Methanol a Viable Marine Fuel -Report

Stena Germanica (Photo: Stena Line)

Methanol has a "historic opportunity" as a marine fuel, according to a new report published today by research group FCBI Energy.   Despite having many attributes that make methanol an attractive, low-emissions marine fuel, it has sometimes been overlooked in policy and industry


NOIA Praises Effort to Lift Crude Oil Export Ban

NOIA applauds Congressional action to lift ban on crude oil export, urges progress on proposed offshore well control rule   Today, Congress passed the Omnibus Appropriations bill, H.R. 2029, which includes a provision lifting the existing U.S. crude oil export ban. U.S


TSG's Maritime Intelligence Solution for Asian Customer

Image: TSG

TSG IT Advanced Systems Ltd., a subsidiary of Ness Group that specializes in defense, cyber security, telecom and HLS solutions, announced it has deployed a real-time maritime intelligence solution to a Southeast Asian customer. The 2C system provides situational awareness of maritime environments


What is the Scrapping Potential of the Crude Fleet?

Graphics:  Poten & Partners

 Tanker owners are currently doing fairly well, certainly compared to their colleagues in the dry bulk market, says a reserach report from Poten & Partners.   However, history shows that such markets do not last forever and when the downturn comes


US Leads Arctic Search and Rescue Exercise

The United States Government, led by the United States Coast Guard, the Department of Defense (USNORTHCOM and Alaska Command), and the Department of State, held Arctic Zephyr, an international Arctic Search and Rescue table-top exercise, at the University of Alaska Anchorage from October 19-22


Canada Investigating Leviathan II Sinking

Leviathan II (File photo: Jamies Whaling Station and Adventure Centres)

Canada’s Transportation Safety Board (TSB) continues its investigation into the sinking of passenger vessel which killed at least five near Tofino, British Columbia, Sunday.   Of the 24 passengers and three crew aboard the whale-watching tour boat Leviathan II at the time of the


Deepwater Downturn: Bump in the Road or Long-term Slowdown?

(Image: iStock)

IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016


Deepwater Downturn: Bump in the Road or Long-term Slowdown?

(Image: iStock)

IMA/World Energy Reports has just completed a comprehensive assessment of the five year outlook for the deepwater sector. The new report – the 19th annual floater market forecast prepared by IMA since 1996 – provides our forecast of orders for floating production systems between 2016


PwC Greece Establishes Maritime Sustainability Center

PwC Greece has  introduced a new team of specialists focusing on sustainable business in the shipping sector, the Maritime Sustainability Center, led by the well-known shipping sustainability expert, Ms. Helena Athoussaki. Working within PwC’s Shipping Advisory Group


U.S. & China: U.S. Must Invest in Maritime to Avoid “Sea Strangulation”

(Image: HHI // CSCL)

A new study examines the steady decline of the U.S. Merchant Marine fleet, which today numbers less than 100 vessels in international trade, and warns that U.S. global competitiveness and maritime security -- particularly in light of a fast-emerging China -- is at grave risk unless investment is


Deepwater Downturn: Bump in the Road or Long-Term Slowing of Growth?

FPSO per iStock WEB.jpg

IMA/World Energy Reports has just completed a comprehensiveassessment of the five year outlook for the deepwater sector.  The new report – the 19th annual floater market forecast prepared by IMA since 1996 -- provides our forecast of orders for floating production systems between 2016


Littoral OP Tech East - Examining Coastal Operations

Op-Tech Workshop (Photo: Nicklas Gustafsson)

The Littoral OPTECH East workshop is being held in Tokyo, Japan this week with the academic leadership of the Littoral Operations Center (LOC) at the U.S. Naval Postgraduate School in Monterey, California. OPTECH East has the support of the U.S


Littoral OP Tech East - Examining Coastal Operations

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EXPERTS from navies, academia and industry are meeting in Tokyo to examine the unique challenges of operating in the littoral or coastal environment.   The Littoral OPTECH East workshop is being held in Tokyo, Japan this week with the academic leadership of the Littoral Operations Center


Royston Diesel Power Wins UK Support

L to R - Dr Kayvan Pazouki of Newcastle University’s School of Marine Science & Technology with Lawrence Brown, managing director of Royston Diesel Power. (Photo: Royston)

UK-based Royston Diesel Power has secured funding support from Innovate UK, the UK’s innovation agency, for its flagship $2.2 million Managing Energy on Marine Vessels technology program.   The program aims to develop a new system for whole-vessel energy monitoring and usage


EU Court Strikes Down Spanish Ship Finance Scheme

Court says scheme does not give firms selective advantage; EU regulators cracking down on unfair tax systems. Europe's second-highest court gave clearance on Thursday to a Spanish tax lease scheme in the shipbuilding industry, annulling a decision by EU regulators two years ago that this gave a






 
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