New Nautican Facility Readies First Shipment
The new Nautican Research and Development manufacturing and integration facility in Summerside, Prince Edward Island, opened in December 2016 with the support of Babcock Canada and the provincial government. The first shipment, a set of rudders, is nearing completion and will soon be delivered to Pacific Fisherman in Seattle. The new facility produces Nautican’s High-Efficiency marine propulsion products. Over the coming years Nautican will progressively transition the manufacturing of its Integrated Propulsion Units (IPUs) to the new facility as well.
India's Cochin Shipyard Gears up for IPO
Cochin Shipyard Ltd (CSL), India's largest public sector shipyard, has filed initial public offering (IPO)document with the market regulator Securities and Exchange Board of India (SEBI) to go public. The government approved a stake sale of up to 25 percent. Cochin Shipyard IPO will consist of 34 million shares to raise about INR 1,400-1,500 crore (USD 214 - 229 million). On completion of a successful IPO, CSL will become the first of five state-owned shipbuilding companies to be publicly listed. It has filed a draft red herring prospectus (DRHP) with SEBI.
UK Chamber Welcomes Immigration Rule Change for International Seafarers
The UK Chamber has welcomed an announcement by the Home Office to reform immigration rules for international students, extending the time limit to three years for educational courses which are below degree level but subject to MCA regulations that the applicant must spend 12 months at sea. Until now, international students within the Tier 4 (general) visa route are subject to restrictions on the maximum period of time they can study at a specific level. The time limit for those studying at below UK bachelor’s degree level was reduced from three years to two in 2015.
IMO Contributes to Meeting of Asia-Pacific Ship Safety Heads
International Maritime Organization (IMO) is participating in the annual gathering of Asia Pacific Heads of Maritime Safety Agencies (APHoMSA) in Langkawi, Malaysia (20-24 March). Participants from 24 IMO Member States as well as observers from IALA, IHO and SPC are taking part in discussions surrounding APHoMSA's work to promote safe, secure shipping and a clean marine environment within the Asia-Pacific region. The event coincides with the Langkawi International Maritime and Aerospace Exhibition 2017 week…
Irving Shipbuilding Invests in Ocean Technology Programs
Irving Shipbuilding Inc. said it has made a multimillion dollar investment to support marine innovation and commercialization in Nova Scotia and across Canada. The shipbuilder is investing $4.52 million in the newly established Centre for Ocean Ventures and Entrepreneurship (COVE), an ocean innovation centre to be located on the waterfront in Dartmouth, Nova Scotia. The investment over the next five years represents the largest private sector contribution COVE has received to date. At COVE, ocean science research, start-ups, R&D-intensive companies, industry and Nova Scotia post-secondary institutions will work together to create a cluster of marine innovation and commercialization, and become global leaders.
India's Sagarmala Program: 415 Projects, $120 Bln Investment
Under India's prestigious Sagarmala Programme, 415 projects, at an estimated investment of approximately INR 8 Lac Crore (USD 120 Bln) , have been identified across port modernization & new port development, port connectivity enhancement, port-linked industrialization and coastal community development for phase wise implementation over the period 2015 to 2035. As per the approved implementation plan of Sagarmala Programme, these projects are to be taken up by the relevant Central Ministries/Agencies and State Governments preferably through private or public-private partnership (PPP) mode.
African Development Bank to Fund Lamu Port
Efforts by the government to attract investors to help build 29 berths at the proposed Lamu port has received a boost from African Development Bank, said a report in The Star, Kenya. The port has received a $1.9 million grant to cater for advisory services and technical support in developing a feasible plan for the port. Last week, the Lamu Port-South Sudan-Ethiopia-Transport (Lapsset) Corridor has received $1.93 million from the New Partnership for Africa’s Development (Nepad).
Shell Signs 3-year Contract to Lease Oil Tanks in Panama
Oil company Royal Dutch Shell has signed a three-year contract to lease storage tanks at a large terminal in Panama that had been used by U.S. refining company Tesoro Corp, sources involved in the deal told Reuters. The facility, designed for storage and transshipment of crude oil to tankers, is owned by Petroterminal de Panama (PTP) and includes up to 14 million barrels of storage capacity on the Atlantic and the Pacific shores. "We have signed a contract with Shell for a three-year period involving all the available space we have," said an official from the Panamanian government. The contract still needs final approval by the country's Finance Ministry. (Reporting by Elida Moreno and Marianna Parraga)
Danish Finance Minister to Report on North Sea Oil Negotiations with Maersk
Denmark's finance minister Kristian Jensen will hold a news conference about the government's ongoing negotiations with the Danish Underground Consortium (DUC) about a new tax agreement for North Sea oil and gas operations at 1745 CET on Wednesday, the finance ministry said in a statement. DUC consists of Danish shipping and oil conglomerate A. P. Moller-Maersk, Shell, Chevron CVX.N and state-owned Nordsofonden. The deal is seen as crucial for Maersk as it seeks to focus its operations on the North Sea and spin off its energy assets via a listing or merger. (Reporting by Teis Jensen; Editing by Toby Chopra)
India to be Global Hotspot for Cruise Shipping
The government of India is working on a policy to make India a global destination for cruise shipping and efforts are on to identify such circuits, besides a slew of steps, to boost infrastructure, Shipping Minister Nitin Gadkari has said. According to a report by Press Trust of India, a high-level task force has been appointed and top global consultants are drawing up blueprint for it. Five circuits each are being identified for international and domestic cruise services and a report is likely by May this year.
Green Signal for India-Bangladesh MoU on Aids to Navigation
The Indian Cabinet has approved signing of a Memorandum of Understanding (MoU) for greater cooperation with regard to marine aids to navigation that includes advice on lighthouses and beacons besides vessel traffic service. "The Union Cabinet chaired by Prime Minister Narendra Modi has approved signing of a Memorandum of Understanding (MoU) on Aids to Navigation (AtoNs) between the Directorate General of Lighthouses & Lightships (DGLL), Ministry of Shipping, Government of India and the Department of Shipping, Government of Bangladesh," the Ministry of Shipping said in a statement.
UK Chamber for Including Marines in New T-Level Qualification
The UK Chamber of Shipping has welcomed Government’s plans to introduce new technical qualifications, but raised questions as to why marine engineering is absent from the plans. But whilst provisions have been made in the plans for specialised vehicle and aircraft engineering, no such opportunities will exist for marine engineering. Guy Platten, CEO of the UK Chamber of Shipping, said: “Government is right to focus on developing new routes into engineering, and the proposed T-levels are an exciting innovation.
India Bags USD 6.22 bln Investment in Ports and Water Transport Sector
Foreign Direct Investment upto 100% under automatic route is already permitted in the Port Sector. This has resulted in several Public Private Partnership (PPP) projects coming up in the Major Ports. At present, a total of 33 PPP Projects with an investment of INR 17817.96 crore (USD 2.8 bln) are operational and 20 more PPP projects with an investment of Rs. 22362.67 cr (USD 3.42 bln) are under implementation. In total it comes to USD 6.22 bln. As regards inland water transport sector…
India Upgrades Standards of Major Ports
Significant improvement in efficiency has been achieved by India's Major Ports in the last two years, said the Minister of State for Shipping Pon. Radhakrishnan. With a view to improve further the efficiency and productivity of the major ports and make it comparable internationally, a benchmarking study of Major Ports to international standards has been conducted which has recommended 116 initiatives out of which 70 have already been implemented. Under the Sagarmala programme…
Somali Force, Pirates Exchange Gunfire
Somali maritime forces have exchanged gunfire with the hijackers of an oil tanker in the semi-autonomous region of Puntland, the head of the maritime force said. This is the first time Somali pirates have taken over a commercial ship since 2012 and locals blame the attack on foreign fishermen flooding into their waters, and are also angry with their government for licensing some of the ships. "We tried to intercept a boat that was carrying supplies to the pirates, but pirates on the ship fired on us and so the pirate boat escaped," said Abdirahman Mohamud Hassan, the director general of the maritime force in Puntland. Pirate Abdulaahi claimed the pirates killed a member of the marine force and injured another, but Hassan said that was untrue.
Horizon Names Hotz VP, Business Development
Bayou La Batre, Ala. shipbuilder Horizon Shipbuilding, Inc. said it has hired John Hotz as Vice President of Business Development. Hotz brings to the role industry experience and a background in business development, having worked within the commercial and government marine sector throughout his entire 27-year career, including positions at several domestic and international boat builders. “John will focus on growing Horizon’s core competencies in the global marketplace and continue to build on the momentum we have been able to secure internationally,” said Travis R.
Somali Pirates Release Hijacked Ship, Crew without Ransom
Somali pirates released a hijacked oil tanker and its eight Sri Lankan crew on Thursday, a Somali security official and the pirates said, bringing the first hijacking since 2012 to an unusually swift conclusion without the payment of a ransom. The release followed a gunfight earlier in the day between the pirates and the marine force, and then intensive negotiations between the marine force, clan elders and the pirates. "There has been discussion going on after the gunfight of this afternoon ...
Royal Caribbean cuts South Korean Ports from China Cruises
Royal Caribbean Cruises Ltd will remove visits to South Korean ports from its China cruises, the firm said in a statement, amid rising tension between the two countries over Seoul's deployment of a U.S. missile defence system. In a post on its Chinese website, the U.S. cruise operator, one of the world's biggest, said it had changed its China-based cruises to remove visits to popular South Korean resorts because of "recent developments regarding the situation in South Korea". The move makes Royal Caribbean one of the first major travel firms to publicly stop or restrict trips to South Korea after media reports last week that Beijing had given guidance to tour operators in China to stop selling trips to the country.
Bangladesh’s First 2 Submarines Commissioned
Bangladesh Prime Minister Sheikh Hasina officially has commissioned the two China-made 035G diesel-electric submarines – BNS Nabajatra and BNS Joyjatra. With the addition of the submarines, the Bangladesh Navy can, for the first time, be considered a “three-dimensional force.” Prime Minister said the government has already taken various short- and long-term plans to build Bangladesh Navy as a three-dimensional force by 2030. The premier later laid the foundation stone of a submarine base in Pekua in the coastal city of Cox’s Bazar.
ICT Changes Bring Capability Enhancement for Navy
The biggest upgrade of Defence Secret and Protected networks in more than ten years will drive significant change for Navy, with 192 shore locations set to experience major network overhauls. The magnitude of the program reflects the need for the department’s information footprint to be able to support Defence capability well into the future. Commodore Jeff Goedecke is the Director General of Business Relationship Management in Communication Information Officer Group said the changes are likely to impact most Navy people in some way.
Libyan NOC Official Warns of Force Majeure at Oil Ports as Rivals Mobilize
A senior official at Libya's National Oil Corporation (NOC) warned on Monday of a possible declaration of force majeure at the Es Sider and Ras Lanuf oil terminals, as air strikes continued and rival forces mobilized fighters in the area. NOC board member Jadalla Alaokali said force majeure, a legal waiver for contractual obligations, would "likely" be declared if violence continued, though he gave no timeframe. Libya's eastern-based Libyan National Army (LNA) lost control of Es Sider and Ras Lanuf to a rival faction, the Benghazi Defence Brigades (BDB), 10 days ago. Both sides have since been mobilizing, and the LNA has been conducting daily air strikes in the area. Most workers have left the ports.
Bangladesh Targets Better Ship Recycling Practices
With an annual gross tonnage capacity of more than 8.8 million, Bangladesh’s ship recycling industry is one of the world’s largest, second only to neighboring India in terms of volume. But for these countries ship recycling practices have long been a matter of concern, particularly in terms of safety and environmental sustainability. Now on the heels of completing its first phase of a project aiming to improve standards within the nation’s ship recycling industry, the Government…
Slowing Down the Revolving Door
In the wake of the recent ethics scandal at Boeing1, Congress has begun to focus on the many issues that arise when government contractors hire former federal government employees. Because of Congress' involvement, government contractors are under close scrutiny when they hire such individuals, particularly those with whom the contractor had dealings prior to the offer of employment. While the "revolving door" between the federal government and private industry is controlled by the 1996 Procurement Integrity Act2 and the 1989 Ethics Reform Act3, many members of Congress have called for additional legislation further tightening the laws limiting post-government employment.