Nakilat Profit slips
Nakilat announced its financial results for the year ended 31 December 2016, with a net profit of QR 955 million achieved compared to QR 984 million in 2015. The earnings per share attained in 2016 was QR 1.72 compared to QR 1.77 in the same period last year. The Board of Directors has decided to convene the ordinary general assembly on Sunday March 12th, 2017. Nakilat’s Board of Directors commended the company’s resilient financial results despite the challenging market conditions, which clearly reflects the strength and stability of the company’s commercial position. Nakilat’s long-term contracts continue to underpin the company’s strongfinancial performance.
Secretary LaHood Addresses MTSNAC
Secretary LaHood for the Department of Transportation addressed the Marine Transportation System National Advisory Council on July 23, 2009. Consistent with America’s Marine Highway Program’s mandates to reduce congestion, conserve energy, and improve the environment, the Secretary charged the Council to better integrate the Marine Transportation System into the surface transportation system. By relocating freight from highways and urban corridors to commercial waterways (where applicable), the same system which provides the transportation of individuals and families in and between cities can provide a more efficient means to move goods to the shelves of retail stores throughout the United States.
NTSB Reports on Safety Risks in Shared Waterways
The National Transportation Safety Board issued a report Thursday identifying the risks associated with the shared use of America’s Marine Transportation System by recreational and commercial vessels. The growth of both commercial and recreational vessel traffic during the last several decades is a significant risk factor. The number of canoers, kayakers and standup paddleboarders increased by nearly 22 percent between 2008 and 2014. The diversity of waterway users and their differences in experience, navigational knowledge, and boat-handling skills exacerbate the safety risk.
Inland Waterways Conference Set for Cincinnati
The 2017 Inland Waterways Conference is set to be held in scenic Cincinnati, Ohio, from March 6-8, 2017 at the Hyatt Regency Cincinnati. The event will feature full days of hot topics and VIP speakers to address emerging inland waterways topics and trends, highlighted by Lunch Keynote Speaker United States Coast Guard Commandant, Admiral Paul F. Zukunft, speaking on March 7 from noon to 1:15. "We are honored that Admiral Zukunft will take part in our conference" said Alan Bernstein, Conference Director.
ABB’s OCTOPUS for Greenland Heavylift Newbuilds
ABB’s OCTOPUS marine software was chosen for four new semi-submersible heavy lift vessels currently under construction at CSBC Corporation in Taiwan, with the first expected to go into service in 2017. The ships, owned by Greenland Heavylift Holdings, will transport gigantic cargoes such as oil rigs and jack-up rigs, with OCTOPUS providing a tailored route for each voyage that is updated with fresh weather data throughout the transportation. OCTOPUS is a vessel management software platform enabling ship owners to choose the modules most relevant to their operations.
30 Kalmar Hybrid Shuttle Carriers for APM Terminals Tangier
Kalmar, part of Cargotec, has signed a contract with APM Terminals to deliver 30 Kalmar Hybrid Shuttle Carriers with high level of automation readiness as well as the related service and support to the customer's MedPort Terminal in Tangier, Marocco. The order was booked into Cargotec's 2016 fourth quarter order intake and the delivery is estimated to be completed by the end of 2018. This is Kalmar's biggest single order for horizontal transportation to date. The Tangier-Med 2 port is a greenfield transshipment terminal that is scheduled to be opened in 2019.
TSA, Coast Guard to Facilitate Exercise
The Transportation Security Administration (TSA) and the U.S. Coast Guard will facilitate a port security exercise on August 31 in Baltimore to evaluate preparedness, prevention and the ability to respond to and recover from a terrorist-related incident. The Port Security Training Exercises Program (PortSTEP) is focused on building links within the Area Maritime Security (AMS) Committee. The committee assists the captain of the port in writing, reviewing and updating an AMS Plan in addition to supporting other transportation entities that depend upon the port being secure. The exercise will involve the entire port community, including both public governmental agencies and private industry.
Field hearing on Delaware River Spill
The Subcommittee on Coast Guard and Maritime Transportation of the House Committee on Transportation and Infrastructure conducted a field hearing in Philadelphia regarding circumstances surrounding the November 26, 2004 oil spill in the Delaware River. The Committee also released the Opening Statement of Representative LoBiondo (R-NJ), chair of the Subcommittee. At the same time, the Coast Guard issued a Press Release the included photographs of an anchor removed from the Delaware River. The anchor will be examined to determine whether it was involved in the holing of the tanker ATHOS I. source: HK Law
TRW Selected to Perform Port Vulnerability Assessments
The U.S. Department of Transportation has selected TRW Inc. to assess the vulnerability of the nation's most critical commercial and military seaports, under a 5-year contract worth up to $31 million. "Securing our nation's ports and maritime transportation system is a vital component of our overarching transportation security mission," said U.S. Secretary of Transportation Norman Y. Mineta in announcing TRW's selection. Under contract to the Coast Guard, TRW will develop model port security guidelines, conduct assessments of at least 55 U.S. ports, and develop a port vulnerability self-assessment methodology to help local port stakeholders evaluate and improve security conditions.
Foss’ New Arctic Class Tug Is Nearly Complete
Foss Maritime said its third of three new Arctic Class tugs being built at the Rainier, Ore. shipyard is nearing completion and expected to enter service later this year. The tug Nicole Foss is ice class D0, meaning the hulls are designed specifically for polar waters and are reinforced to maneuver in ice. Like her sister Arctic Class vessels, it complies with the requirements in the ABS Guide for Building and Classing Vessels Intended to Operate in Polar Waters, including ABS A1 standards, SOLAS and Green Passport. Two short videos show construction from April of 2016 to January 2017.
Euroseas Reports Q4 Loss
Euroseas Ltd., an owner and operator of drybulk and container carrier vessels and provider of seaborne transportation for drybulk and containerized cargoes, reported a total net revenues of $7.3 million for the three month period ended December 31, 2016. Net loss attributable to common shareholders of $18.1 million or $2.17 loss per share basic and diluted. This loss includes, amongst other items, a $0.4 million of dividend on Series B Preferred Shares, a $5.9 million loss on write-down of M/V Eleni which was held for sale…
Crowley Companies Move into Secaucus, NJ
Crowley companies - Crowley Liner Services, Marine Transport Lines (MTL), Mormac Marine Enterprises (MME) and Intrepid Ship Management (Intrepid) - have moved to a new location in Secaucus, NJ. Jersey 07094. transportation services and MME and Intrepid's ship management services. and transportation services segment. The phone number for Crowley is (201) 821-7100 or (800) 443-0548. number for MTL and Intrepid is (201) 821-7000, MME is (201) 821-7070. Information about all can be found online at www.crowley.com.
Scorpio Tankers Reports 4Q Loss
Scorpio Tankers has reported a fourth-quarter loss of $29.7 million or a loss of 18 cents per share. The shipping company posted revenue of $106.1 million in the period, also exceeding Street forecasts. Scorpio Tankers sharply reduced its quarterly dividend by 92% to $0.01 from $0.125. For the year, the company reported a loss of $24.9 million, or 15 cents per share, swinging to a loss in the period. Revenue was reported as $522.7 million. The Company currently has nine newbuilding vessel orders (eight MRs and one LR2) with HMD and SSME, which the Company refers to as its Newbuilding Program.
Philippines-Indonesia Shipping Route Soon
The Department of Transportation (DOTr) announced plans to open a shorter shipping route between the Philippines and Indonesia, a move meant to strengthen trade relations between the two neighboring countries, reported Manila Times. The maiden voyage scheduled on April 28 will originate from Davao City, the hometown of Philippines President Rodrigo Duterte. Agricultural products will be among the first batches of cargo to be transported on the new shipping route, the trade department said.
DHS Call for Biometric ID Proposals
After three years of little movement, the plan to furnish transportation workers with biometric ID cards is suddenly on the fast track, Washington Technology reported. The Homeland Security Department in May will solicit proposals for widespread deployment and make an award in July. But concerns remain about how the program, known as the Transportation Workers Identification Credential, will be funded and structured. Several large federal contractors, including BearingPoint of McLean, Va. and Lockheed Martin Corp., have confirmed they are interested in bidding for the fourth phase of the contract, which is production and deployment of cards for 850,000 port workers nationwide.
Hull Failure, Flooding, Led to Fishing Vessel Casualty
The December 2015 sinking of fishing vessel Orin C and fatality of a mariner on board were cause by structural failure of the vessel’s hull and subsequent flooding, according to a marine accident brief released by the National Transportation Safety Board (NTSB). After suffering an engine failure off the Massachusetts coast on December 3, 2015, the 51-foot Orin C was taken in tow by a Good Samaritan fishing vessel, the Foxy Lady. While in tow under adverse conditions, the Orin C sustained damage from a large wave, and the damage contributed to the flooding on the vessel.
HHI's FSRU Unit equipped by GTT
GTT has received an order from Hyundai Heavy Industries (HHI) to equip a new floating storage and regasification unit (FSRU) with its Mark III cryogenic membrane containment system. This order includes a firm vessel and one option. The FSRU of 170,000 m3 will be built at Hyundai's shipyard, in Ulsan (South Korea), on behalf of a European shipowner. The vessel will also be equipped with a Dual Fuel Diesel Engine motorization like standard LNG Carrier (LNGC). Delivery is scheduled in March 2019.
Innovative Financing Increases Infrastructure Unvestment
Last July, President Obama announced the Build America Investment Initiative, an Administration-wide effort aimed at boosting private investment in our nation’s infrastructure. And Friday, Vice President Biden announced new steps that federal agencies are taking to bring private sector capital and expertise to bear on improving our nation’s roads, bridges and broadband networks. These actions and announcements are the first steps that the Administration is taking as part of the Build America Investment Initiative’s two-year action plan. These steps highlight important progress within DOT.
President Bush signs Marine Highway Legislation
On Dec. 19, 2007, President George W. Bush signed into law the Energy Independence and Security Act of 2007, which contains provisions establishing a formal marine highway program within the federal government. Under the new law, marine highway or "short sea" transportation refers to the carriage by vessel of cargo in containers, loaded on the vessel by cranes or by means of wheeled technology. Specifically, the new law requires the establishment of a program and the designation of transportation projects to mitigate landside congestion. The program will encourage the development and expansion of vessels, shippers, port and landside infrastructure, and marine transportation strategies by state and local governments.
Asia-Pacific Nations Pledge Cooperation on Clean, Energy-Efficient Transportation
Transportation, Energy Ministers from Asia-Pacific Nations Pledge Cooperation on Cleaner, More Energy-Efficient Transportation. Transportation and energy ministers from 21 economies in the Asia-Pacific region today agreed to continue progress on initiatives to make transportation in the region cleaner and more energy-efficient, U.S. Transportation Secretary Ray LaHood and U.S. Energy Secretary Steven Chu announced today. The announcement came during the first-ever joint Transportation and Energy Ministerial Conference held by the Asia-Pacific Economic Cooperation (APEC)…
ACL Delivers on Time in 2007
American Commercial Lines Inc. (ACL) announced that it achieved an 86% on-time delivery performance during 2007 for scheduled service. In addition to being the lowest cost, cleanest, safest and most fuel-efficient mode of transportation in the U.S., ACL has now established its scheduled barge transportation service as a reliable source of transportation. Commenting on this performance, Mark R. Holden, President and Chief Executive Officer, said "This is perhaps our most important achievement over the past three years, transforming ACL from a barge operator into an advanced transportation company. By establishing barge transportation as a reliable source of transportation, we broaden our available markets.
'K' Line: Change of Executive Officers
Kawasaki Kisen Kaisha Ltd (“K” Line) announced changes to executive officers. “K” Line has promoted Senior Managing Executive Officer Kazutaka Imaizumi to the position of chairman of “K” Line India Private Ltd., Executive Officer Aka Hiraoka to counselor of “K” Line Logistics Ltd., and Executive Officer Tomoyuki Okawa to chief executive officer of “K” Line Offshore AS. Tomoyuki Okawa will provide assistance to Energy Transportation Business, in charge of Tankers, General Manager of Energy & Off-Shore Business Planning Group. Tomoyuki Okawa has joined “K” Line in 1983.
Port of Long Beach Uses Education to Boost its Competitiveness
The Port of Long Beach said it has not lost sight of the significance of professional development in supporting the Port‘s decade-long, $4 billion investment in upgrades and efficiency improvements. The port’s commitment to boosting its competitiveness in the long term extends beyond rebuilding and replacing outdated facilities and infrastructure, to ensuring its human resources are prepared to help build the port of the future. “Having a full understanding of all the operations…