Daily Business News

Singapore-based Sembcorp Marine said Monday it was proposing to change its name from “Sembcorp Marine Ltd” to “Seatrium Limited."This follows the completion of the combination of the company's businesses and Keppel Offshore & Marine Ltd on February 28, 2023, and will adopt a new branding for the enlarged entity."The proposed change of name is subject to shareholders’ approval and will not affect the identity of the Company or any of its rights and obligations, nor will it affect any of the rights of shareholders or the Group’s daily business operations and financial standing…

ClassNK released "ClassNK ZETA (Zero Emission Transition Accelerator)", a GHG emissions management tool to track accurate CO2 emissions and confirm and simulate CII ratings.While the shift toward a zero-emission society has accelerated around the world, the time has come for the maritime industry to systematically plan, manage, and report the GHG emissions from shipping.ClassNK has provided "ClassNK Zero Emission Transition Support Services" to support customers involved in the…

It's that time of year.The US Coast Guard announced it has commenced icebreaking operations in response to expanded ice growth in the commercial ports of western Lake Superior.Operation Taconite, launched by Coast Guard Sector Sault Sainte Marie on Wednesday, is one of two icebreaking operations that support the Great Lakes. It encompasses Lake Superior, St. Marys River, Straits of Mackinac, Georgian Bay, Green Bay, northern Lake Huron, and Lake Michigan.The authority for Coast Guard domestic icebreaking was created in 1936, by Executive Order 7521 signed by President Franklin D.

The environment in oil patches onshore and offshore alike has been challenging throughout 2019; worries about an economic slowdown – whether cyclical or induced by a trade war – have weighed heavily on oil prices, even in the face of reduced production by the big producers. Though storm clouds persist, there appears a clearing on the horizon.The fate of Offshore Service Vessels (OSVs) is, naturally, closely tied to the price of oil. Seacor Marine’s John Gellert, in reviewing its Q2 results, said: “Activity levels in the U.S.

U.S. Coast Guard Sector Sault Sainte Marie commenced Operation Taconite, the Coast Guard’s largest domestic icebreaking operation, Monday, in response to expanded ice growth in the commercial ports of Western Lake Superior and the St. Marys River.Operation Taconite encompasses Lake Superior, St. Marys River, Straits of Mackinac, Georgian Bay, Green Bay, northern Lake Huron, and Lake Michigan. Ice breaking operations are based on the following order of priorities: search and rescue…

U.S. Coast Guard Sector Sault Sainte Marie has commenced icebreaking Operation Taconite in response to expanded ice growth in the commercial ports of western Lake Superior and the lower St. Marys River. Before ice impedes commercial navigation, icebreakers were assigned to each region. U.S. Coast Guard Cutter Alder was assigned to manage the ice breaking needs of western Lake Superior, specifically the twin ports of Duluth, Minn., and Superior, Wisc., as well as the Port of Thunder Bay, Ont. U.S. Coast Guard Cutter Biscayne Bay was assigned to the St. Marys River.

Sealing Valley is a new concept that has been developed by Hans Beele, President of Dutch engineering specialist Beele Engineering. He will invest in a center of expertise for the advancement of fire protection and watertight sealing technology to provide the highest possible levels of safety. Modeled on Silicon Valley, Sealing Valley will create a concentrated center of know-how, with shipboard and marine safety a prime focus area. It will be here that expertise, creativity and daily installation practice will come together in a campus set-up.

U.S. Coast Guard Sector Sault Sainte Marie commenced Operation Taconite Monday in response to developing ice conditions in the commercial ports of western Lake Superior and the St Marys River. Operation Taconite is the Coast Guard’s largest domestic ice-breaking operation, encompassing Lake Superior, the St. Mary’s River, the Straits of Mackinac and Lake Michigan. As a result of the operation, certain waterways may close after due consideration is given to the protection of the marine environment…

BIMCO, the world’s largest shipping association, has unveiled its new corporate identity and website – following research and testing within its global membership. BIMCO President Philippe Louis-Dreyfus played a key role in the development of the association’s new identity, alongside BIMCO’s Executive Committee and Board of Directors. Louis-Dreyfus said: “Members have declared a huge amount of trust for BIMCO and the services it provides to global shipping. “One of my goals as President is to see BIMCO communicating more proactively, with greater clarity on its views, and on what it offers to members and the global industry. “The new logo and visuals reflect members’ strong view that the BIMCO name itself is the mark of trust when carrying out their business.

Santosh Gangwar - Minister of State for Finance, GoI laid the foundation stone of a project intended to offer convenience to transporters CHAs and FFs of the country’s largest all-weather; deep water port on the east-coast of India – Krishnapatnam Port. The terminal will role play a critical establishment to aid ease of doing business, swift clearances and speedy procedure for documentation among others. The success of TTT-1 led to the launch of TTT-2 and both TTT - 1 and 2 will be centers of ‘convenience business’ and will further enhance operational efficacies at the port. The event commenced with the ‘guard of honor’ salute presented to the esteemed Chief Guest…

System integrator and innovator of electrical and automation systems RH Marine has officially launched its own product family brand at the international maritime trade fair SMM in Hamburg last week. RH Marine said product innovation is one of its main focusses. During the years this has resulted in multiple quality brands such as UniMacs integrated bridge and FT NavVision. To provide a clear overview of the RH Marine product portfolio, RH Marine has chosen to place all products under one new brand: Rhodium.

Earlier this year Kongsberg launched Kongsberg Digital, a new subsidiary to expand its industrial software offering, a “start-up” with about 500 employees. Hege Skryseth, President of Kongsberg Digital and also the Chief Digital Officer of Kongsberg shares with MR her insights on the size, shape and direction of the new entity. “You see some opportunities here,” is how Hege Skryseth summarizes the potential for the digital revolution to make maritime and offshore operations more efficient.

Inmarsat announced that its partner Network Innovations (NI), together with Fusion Marine Technology, have signed a contract with Alaskan Leader Fisheries to install Fleet Xpress, Inmarsat’s new high-speed broadband maritime communications service, powered by Global Xpress (GX). The contract marks the first commission of Fleet Xpress in the remote and hostile waters of the Bering Sea. Fleet Xpress sets a new standard in broadband maritime communications, delivering the highest…

BIMCO President and Chairman of Louis Dreyfus Armateurs, Philippe Louis-Dreyfus opened the Armateurs de France and BIMCO event in Paris on 14 June 2016. The purpose of the event was to provide an overview of BIMCO’s main activities and explain the ongoing work on some high profile BIMCO contracts like the BIMCO Standard Term Sheet and the recent Bunker Terms 2015. In his opening remarks Mr Louis-Dreyfus said: “In my capacity as BIMCO President I am very pleased to introduce BIMCO and its core activities; as a key player in international shipping, BIMCO and its work is highly relevant to the French shipping community”. Following the opening of the event, President of Armateurs de France and CEO of Louis Dreyfus Armateurs, Gildas Maire, gave an introduction to the company.

U.S. Coast Guard Sector Sault Ste Marie on Wednesday commenced Operation Taconite, an icebreaking mission launched in response to expanded ice growth in the commercial ports of western Lake Superior, Green Bay and the lower St. Marys River. Before ice impeded commercial navigation, several icebreakers were assigned to each region. Recently, Coast Guard Cutter Mackinaw was dispatched to assist two vessels into the Port of Green Bay. Coast Guard Cutter Alder was assigned to manage the ice breaking needs of western Lake Superior, specifically the twin ports of Duluth, Minn., and Superior, Wisc.

The running year turned out as a tough year in shipping. Despite a raft of technical projects for the company, the stinging tale of the low oil price created a steep downturn in the global offshore industry as well as leaving many projects deferred or cancelled. As a result SAL concludes 2015 with significant project references, but also with the marks of the general challenges in the shipping industry. SAL foresees a continued challenged mar-ket in 2016 and predicts project carriers will have to toughen up to be capable of withstanding the fights that will inevitably come. COO of SAL, Toshi Yamazaki, gives his view on 2015 and the outlooks for the industry in the year to come. 2015 turned out to be a tough year for many ship owners and companies involved in the shipping industry.

International maritime lawyers Jason R. Margulies and Michael A. Winkleman, of Lipcon, Margulies, Alsina & Winkleman, P.A. , have secured the top verdict in Florida for admiralty and maritime law in 2012 for the case: William C. Skye v. Maersk Line Limited Corporation, doing business as Maersk Line Limited. The verdict was published in the 'Daily Business Review' a legal and business periodical that ranks and publishes Florida Top Verdicts. Attorneys Margulies and Winkleman secured the successful verdict on May 16, 2012 under the Jones Act for the plaintiff, William Skye, a commercial ship crew member who sustained permanent physical injuries to the heart as a result of the negligent working environment created by his employer, Maersk Line Limited.

Sustainability is now firmly on the global business agenda, but there is an urgent need to turn words into action. This is a key conclusion in the independent report; “Impact – Transforming Business, Changing the World” prepared by DNV GL on behalf of the United Nations Global Compact. The report concludes that the UN Global Compact, as the world’s largest corporate sustainability initiative, and the business community have had an impact on the development of sustainability over the past 15 years. Recommendations that must be implemented to accelerate progress towards a more sustainable future are also highlighted in the report. “Our assessment shows there has been a clear shift in sustainability development…

Paul B. When Paul B. Candies passed away suddenly on July 21, 2013, the lifelong resident of Des Allemands, LA left behind a prolific, enormously accomplished family and one of the most well-respected marine services and vessel operations firms on the planet. His passing also opened our eyes to the breadth and depth of an individual whose influence and impact extended far beyond the sometimes insular world of maritime commerce. Fitting far more into his time here on earth than others living much longer…

Optimizing both a fleet of workboats and the business model that makes all of that possible is probably the highest priority item on your plate, every day. And, as you will soon discover within the pages of the latest edition of MarineNews, fleet optimization can mean 10 different things to 10 different operators. The way forward for those that will survive this robust but equally difficult business climate necessarily involves regulatory compliance, a weather eye on new rulemaking efforts that loom large in the center porthole, successfully navigating the need for the Holy Grail of fuel economy and reduced stack emissions and a dozen more goals. I don’t have to list them all; you already know what you are up against.

Building programs continue, spanning the full range of missions, despite budget concerns. Amidst all the talk of Beltway budget cutbacks and sequestration, the U.S. Coast Guard is quietly investing approximately $30 billion in major acquisition projects to modernize its physical assets. The process of recapitalizing these older and difficult-to-maintain assets has never been an easy task, and the Coast Guard has seen its share of bumps along the way. For example, the initially messy Deepwater debacle initially kicked off what has evolved into today’s more successful recapitalization process, now run by the Coast Guard’s Acquisition Directorate, which stood up in July 2007.

According to a special advisory warning recently issued by U.K. maritime intelligence provider Dryad Maritime, there has been an increased threat of crew kidnap in the Gulf of Guinea. And since the issue of Dryad’s warning, two further attacks on vessels have taken place within a single week, as two Nigerian-flagged vessels were targeted by maritime criminals on consecutive days, resulting in the kidnap of six crew members. On March 4, multipurpose offshore vessel MV Prince Joseph 1 was attacked offshore Akwa Ibom state…

ACCSEAS, an EU-funded project to support improved maritime access to the North Sea Region through minimizing navigational risk, welcomed over 80 regional and international shipping experts to Edinburgh for its second annual conference, held last week. The ACCSEAS Conference presented an array of e-Navigation test-bed solutions, all of which are aimed at increasing accessibility and improving navigational safety in the increasingly busy shipping waters of the North Sea Region.