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Year Plan

MOL Group Introduces New Management Plan

Overall Strategies

Mitsui O.S.K. Lines, Ltd. (MOL) announced a new three-year midterm management plan that will take effect in April 2014, called "Steer for 2020". MOL Group has been carrying out all plans in single-year plan "Rise 2013" with goals of restoring profitability and laying a strong foundation to return to a growth trajectory. Recognizing that the group is well on its way to achieving those objectives, it envisioned what the MOL Group should look like in 2020, set the course to arrive there, and incorporated it into a three-year plan called "Steer For  2020". MOL explained, 'to steer' means to take the helm of a ship and direct its course toward a specific destination. The MOL Group said it intends to cut the rudder and steer straight on a course of high-quality, solid growth towards 2020, which is why the group chose that particular name for its plan. A summary of MOL's new midterm management plan follows.  


Braemar Poised for Expansion

Braemar (Incorporating The Salvage Association) is poised to expand its marine surveying and consultancy services following its recent buy‐out by Braemar Shipping Services plc. The company is looking forward to taking advantage of the wider group’s extensive global office network to broaden its existing international expert marine surveying and consultancy service. The Association, which boasts a maritime history of more than 150 years


Groundwork Begins on Successor Subs in UK

Photo: BAE Systems

 Groundwork has started on the renovation of a central shipyard complex that be used for outfitting future Royal Navy Successor submarines, British Forces News said.   BAE Systems had announced last year a $459 million modernization of the entire shipyard in Barrow-in-Furness, Cumbria, in anticipation of government approval of the nuclear deterrent submarines, which will replace Vanguard-class vessels.  


Natural Gas Engine Development in China

Gas Engine Prototype: Photo credit GYM Co.

Guanxi Yuchai Machinery Company developing natural gas-powered engines for multi-purose use China Yuchai International Limited sayst its subsidiary Guangxi Yuchai Machinery Company Limited (GYMCL) is developing natural gas-powered engines. The new engines will complement GYMCL's line of diesel engines used in large buses, trucks, power generators and marine engines. The gas-powered engines are being developed in response to government policies encouraging energy conservation and


Interior Department Plans Drilling Expansion

The Department of the Interior proposed leasing drilling rights in waters south of the Florida Panhandle in the Gulf of Mexico in a new five-year drilling plan that also would open waters off Virginia. The plan will cover the years 2007 to 2012. If given final approval next spring after a public comment period, the plan would be more restrictive than some drilling advocates want but not restrictive enough for some Florida lawmakers


EMGS Permitted for Multi-client Survey in Mexico

5 year plan SENER and EMGS MC plans

  EMGS has received permits from Mexico's Comisión Nacional de Hidrocarburos (CNH) authorizing the acquisition of up to approximately 88,000 square km 3D EM multi-client data in the Salina de Itsmo Basin.   EMGS will prioritize acquiring EM data for the future bid rounds in Mexico as outlined in the ''Plan Quinquenal de Licitaciones para la Exploración y Extracción de Hidrocarburos 2015-2019'' announced by theSecretaría de Energía (SENER) in


Hapag-Lloyd Orders 5 Ships for More Panama Canal Trade

Ship container line Hapag-Lloyd has placed an order for five vessels as it looks to bolster trade in Latin America ahead of next year's planned expansion of the Panama Canal, the world's fourth biggest player said on Monday.   Workers are installing 22-storey lock gates to accommodate larger container ships through the canal, one of the world's busiest maritime routes, which plans to open on April 1 2016.  


AAL Boosts Chinese Operations

Photo: AAL Shipping

 Leading global ocean transport operator, serving the breakbulk, heavy lift and project cargo industry AAL is set to strengthen its growing presence in the China region, with the appointment of specialist project and steel cargo freight forwarder Central Oceans, as Commercial Agent for Hong Kong and South China.   Wolfgang Harms, Deputy Managing Director of AAL commented, "Central Oceans took the decision a decade ago to specialise in this very tough sector and has been at the


Conservation Groups Challenge Navy's Sonar Plans

Whale Image CCL 2

The National Oceanic and Atmospheric Administration (NOAA) has approved the Navy’s 5-year plan to expand its sonar & live-fire training exercises in the Pacific ocean, but environmentalists are challenging the decision because of the threat it poses to marine life, reports Care2 in the following (excerpted) report. It’s been well established that marine mammals rely on hearing to navigate, communicate, feed and survive


Tecton Acquires Endurance Exploration

Tecton Corporation (TTNC) has acquired Endurance Exploration Group, LLC,  a development stage company that specializes in subsea shipwreck research, search and survey, inspection and recovery projects, in a share exchange agreement.   Established in 2009, Endurance has evaluated over 125,000 shipwreck database entries and other sources to develop a "High Interest" list of approximately 400 shipwrecks and a "Target List" consisting of about two-dozen potential


New Offshore Wind Project Launched in China

Joint venture between European offshore wind pioneer and Chinese shipping giant; China COSCO Shipping and DEME team up to develop offshore wind energy in China   The Belgian dredging, environmental and marine engineering group DEME and China COSCO Shipping – the largest shipping


SCPA Notches Container Volume Uptick

South Carolina Ports Authority (SCPA) reported a 3.8 percent increase in twenty foot-equivalent unit (TEU) volume fiscal year to date, with 1.45 million TEUs handled since the period began in July.   March was a solid finish to the third quarter of fiscal year 2016, with 170


London Looking to Expand Team of Marine Pilots

Photo by Andy Wallace

The Port of London Authority (PLA) is recruiting 12 new pilots this year to respond to increased traffic on the Thames.   The PLA is looking for candidates with a Class 1 Unlimited Certificate of Competency. Other suitably qualified candidate who can demonstrate experience relative to


Proposed Changes to Long Island Sound Dredged Material Sites

Image: EPA

The U.S. Environmental Protection Agency (EPA) is proposing to amend its 2005 rule that designated the Central and Western Long Island Sound Dredged Material Disposal Sites. The proposed amendments will help meet the goal of reducing or eliminating dredged material disposal in open waters of the


China to Enforce Low Sulphur ECA in Yangtze River Delta

Photo: China MSA

Vessels calling ports in China’s Yangtze River Delta, including Shanghai, will be required to burn low sulphur fuel while at berth from April 1 this year.   China’s Ministry of Transport announced in December last year plans to set up three ECAs: the Pearl River Delta


Upgraded Al Mirfa Port Opened

Photo: Abu Dhabi Ports

Under the patronage of H.H. Sheikh Hamdan bin Zayed Al Nahyan, the Ruler's Representative in the Western Region, H.E. Dr Sultan Ahmed Al Jaber, Minister of State and Chairman of Abu Dhabi Ports, officially inaugurated Al Mirfa Port in the Western Region of Abu Dhabi


Double Record set by Antwerp Port

Port Keeps growing Courtesy Port of Antwerp

  The port of Antwerp is on course to handle more than 200 million tonnes of freight this year for the first time ever. And in container transhipment too a new record has been set, with more than 9 million TEU (twenty-foot equivalent units, i.e. standard containers) being handled


U.S. Culls Over 1,200 Oregon Cormorants

Oregon Cormorants Courtesy Wikipedia

  The U.S. federal government has killed more than 1,000 seabirds on an Oregon island since May to protect endangered salmon as part of a plan that environmentalists say is flawed and are seeking to stop with a lawsuit. So far, 1,221 adult cormorants have been killed and more than 5


Philippines Mulls Massive Military Spend

Philippine generals on Wednesday asked Congress to almost triple annual defence spending over the next five years to upgrade equipment amid an escalating marine dispute with giant neighbour China. The Philippines currently is in the middle of a 998 billion pesos ($21


CNO Puts Warfighting First in Navy’s Five-year Plan

CNO Adm. Greenert holds an all-hands call with service members, civilians and their families at Naval Support Activity Bahrain where he discussed the current status of the Navy and presented U.S. Naval Forces Central Command with the Navy Unit Commendation for meritorious service in the performance of assigned missions from June 2010 to June 2015. (US Navy photo by Nathan Laird)

U.S. Chief of Naval Operations (CNO) Adm. Jonathan Greenert on Monday highlighted the U.S. Navy's intended track and investments in a document that outlines the Navy’s navigational plan for the next five years.   "This year's navigation plan highlights our Navy's key investments


SC Ports Post 14% Container Volume Rise

Photo: SCPA

Breakbulk tonnage exceeds plans by 6 percent; Inland Port achieves record rail moves    Container volumes increased 14 percent during SC Ports Authority's (SCPA) 2015 fiscal year, building upon several previous years of above-market growth with strength across all business segments


SC Ports Projects 7% Container Growth

Photo: SCPA

Following a record-setting month of container volumes achieved in May, the South Carolina Ports Authority (SCPA) board of directors looked ahead to a favorable 2016 fiscal year today with the adoption of a financial plan that includes continued cargo growth


WCI Applauds Increased USACE Funding

Today WCI applauded the leadership of Senate Appropriations Committee Chairman Thad Cochran (R-MS) and Senate Energy & Water Development (E&WD) Appropriations Subcommittee Chairman Lamar Alexander (R-TN) for the 26-4 vote approving the FY 2016 appropriations bill that increases funding for


Ports Association Praises Harbor Funding Legislation

Kurt Nagle (Photo: AAPA)

AAPA strongly supported two amendments to carry out intent of 2014 water resources legislation    The American Association of Port Authorities (AAPA) lauded H.R. 2028, the U.S. House of Representatives’ fiscal 2016 Energy and Water Appropriations bill that passed today


Strong FY 16 Funding Approved for Corps

   Today the House Appropriations Committee, led by Chairman Hal Rogers (R-KY), approved by unanimous voice vote the FY ’16 Energy & Water Development (E&WD) and Related Agencies appropriations bill, significantly increasing funding in Fiscal Year 2016 for the U.S






 
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