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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


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


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


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


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


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


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


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


Partnerships Key to Caribbean Maritime Security

Commodore Roderick Bowe

Planning and execution of port and maritime safety and security in Caribbean region is all about partnerships Maritime security and safety experts are meeting in Nassau, Bahamas, this week to examine mutual threats and solutions and challenges and opportunities in the region


MEPC Makes Progress on Energy Efficiency, Emissions

The MEPC approved the Third IMO GHG Study 2014 providing updated estimates for greenhouse gas emissions from ships. (Photo courtesy of the IMO)

The Marine Environment Protection Committee (MEPC) of the International Maritime Organization (IMO) met for its 67th session from October 13-17, 2014, at IMO Headquarters in London. Third IMO GHG Study 2014 approved The MEPC approved the Third IMO GHG Study 2014 providing updated estimates


Georgia Delegation visit Naval Academy "NYVaptsarov"

Georgia Delegation

  From 15 to 17oktomvri 2014. Naval Academy "N. Vaptzarov "hosted a delegation from Georgia led by prof. Sharabidze Irakli - Rector of the State Maritime Academy, city. Batumi, Georgia. Between the two schools of 20.09.2014g


NSRP to Host Planning, Production Processes & Facilities Panel Meeting

The National Shipbuilding Research Program (NSRP) will host the Planning, Production Processes & Facilities (PPPF) Panel Meeting November 5-6, 2014 in San Diego, Calif. The panel aims to help attendees discover and disseminate best practices related to the principal manufacturing processes


Shipowners and Managers to Gather in Singapore

Shipowners and managers will gather in Singapore next week to examine the strengths of their relationship and consider the state of the global shipping industry during the first International Shipowning and Shipmanagement Summit. Taking place at the Singapore headquarters of international


European Response to Ebola Threat

Signs and symptoms of Ebola.[

    Several European countries have introduced measures in response to the continuing outbreak of Ebola virus in some West African countries and isolated cases elswehere, as follows: SPAIN: All vessels must now submit their Health Maritime Declaration prior to arrival at


Reducing Human Error & Near Miss Incidents

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We recently came across a very interesting report issued to Congress by the United States Coast Guard. The May 2012 study might seem dated, but that’s hardly the case. Actually, it’s a telling description of what can go wrong, why and perhaps


Maersk CEO Offers Advice for Market Growth

 Nils Andersen delivers the closing keynote at the Danish Maritime Forum on October 8 in Copenhagen as part of the weeklong Danish Maritime Days. (Photo courtesy of Danish Maritime Days)

AP Moller-Maersk CEO, Nils Andersen, delivered the keynote at today’s Danish Maritime Days forum in Copenhagen where he offered several keys to enhancing the maritime sector on a worldwide scale.   Andersen called the ship purchasing market attractive for investors


NACE Selects DNV GL and APQC as Research Partners

The NACE International Institute has awarded a contract to DNV GL of Dublin, Ohio and APQC of Houston, Texas for data management of the forthcoming International Measures of Prevention, Application, and Economics of Corrosion Technologies study (IMPACT).  


Opposition Builds to UK Nuclear Project in EU Executive

Nuclear power plant

  A landmark deal to use British taxpayers' money to build a 16 billion pound ($25.6 billion) nuclear power station has triggered opposition from a quarter of EU policy-makers, who want to overturn approval from the top European regulator, EU sources said.


Long Beach Drafts Report on Cement Terminal Improvements

The Port of Long Beach this week released a draft environmental impact report examining proposed modifications to the existing Mitsubishi Cement import facility on Pier F. To gather comments on the recirculated draft EIR, a public hearing is scheduled for 6:30 p.m., Wednesday, Oct


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.


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


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.


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






 
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