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Stanley News

18 Mar 2024

OMSA Announces New Board Members

(File photo: Bordelon Marine)

Industry trade group the Offshore Marine Service Association (OMSA) announced the addition of four CEOs to its board of directors.The new board members include Wes Bordelon, Chief Executive Officer, Bordelon Marine; Stacy Jo Stanley, Chief Executive Officer, Offshore Oil Services, Inc.; David Dantin, Chief Executive Officer, Odyssea Marine; and Lasse Petterson, Chief Executive Officer, Great Lakes Dredge and Dock."With the addition of these four executive leaders, OMSA pays homage to its roots while welcoming expanded opportunities in emerging energy frontiers…

12 Feb 2024

Foremost Group CEO Angela Chao Killed in Car Accident

Angela Chao (Photo: Foremost Group)

Angela Chao, chair and CEO of the Foremost Group, has died in a car accident, the New York-headquartered dry bulk shipping company announced on Monday.Angela Chao was an experienced and well-respected shipping executive, having worked her way up through several leadership positions at the company founder by her father, Dr. James S.C. Chao, with her mother, the late Ruth Mulan Chu Chao, in 1964.Before joining Foremost Group in 1996, Angela Chao worked in the mergers and acquisitions department of Smith Barney…

01 Nov 2023

US October LNG Exports Climb to Second Highest Level on Record

© Wojciech Wrzesień / Adobe Stock

U.S. liquefied natural gas (LNG) producers ramped up exports in October, to 7.92 million metric tons, according to data provider LSEG, the second-highest monthly level on record.Exports were just shy of the record 8.01 million metric tons in April this year, and were up from 7.12 million metric tons in September, when plant maintenance reduced U.S. production.The U.S. was the world's largest exporter of LNG in the first half of this year, according to the Energy Information Agency, ahead of Qatar and Australia.

26 Oct 2023

Ocean Freight Shipping: Rough Seas Ahead, But Growth Still on the Horizon

Stanley Smulders talks to Patrik Berglund about the challenges in ocean freight shipping and whether index-based pricing could be the solution - Credit: Xeneta

The Xeneta Summit has heard the ocean freight shipping industry will find new ways of working together in the face of a volatile market.Stanley Smulders, Director of Marketing & Commercial at Ocean Network Express (ONE), took part in a keynote Q&A with Xeneta CEO Patrik Berglund during the Summit in Amsterdam this week to discuss the major challenges facing the industry.While there are rough seas ahead, Smulders maintains growth is still on the horizon.He said: “The current market is at best volatile…

04 Oct 2023

IFAN Appoints New CEO

Catherine Mulvihill courtesy of IFAN

The Board of Directors of the International Foundation for Aids to Navigation (IFAN) has appointed Catherine Mulvihill as its new CEO.Mulvihill is undergoing a comprehensive management of change process in collaboration with the current CEO, Peter Stanley, and will officially assume full responsibilities as IFAN’s CEO on October 9, 2023.She brings a wealth of experience spanning four decades in the marine industry, including extensive knowledge in container shipping and operations, ports and terminals, and marine insurance within both mutual management and the London and commercial markets.

25 Sep 2023

Kent Young Joins GIT Board of Directors

Kent Young (Photo: GIT)

Canadian marine coatings company Graphite Innovation & Technologies (GIT) announced Kent Young has joined its board of directors.A former senior director of technology for the global supply chain R&D at Sherwin Williams, Young will provide strategic guidance and expertise across a range of areas as GIT scales-up its business. Young’s extensive background in coatings, along with his experience in supply chain, risk management, raw material selection, R&D processes and product innovation will accelerate GIT’s growth, the company said.

01 Sep 2023

Change in MENAS Navigational Light Dues

© sghiaseddin / Adobe Stock

Middle East Navigation Service (MENAS), provider of aids to navigation (AtoN) in the Middle East Gulf region, said its is increasing rates and widening the group of ships that will be asked to pay for the service.The group has been providing AtoN in the Middle East Gulf – one of the busiest trade lanes in the world – since 1951, supplying seafarers with information regarding the location, route and configuration of obstacles and hazards.MENAS covers the cost of operating and maintaining such AtoN…

24 Aug 2023

Morgan Stanley Gets Behind Crowley's Offshore Wind Push

A rendering of Crowley's offshore wind terminal in Salem, Mass. (Image: Crowley)

Morgan Stanley's infrastructure investment arm is teaming up with U.S. maritime, energy and logistics solutions company Crowley to advance offshore wind energy solutions for the United States.Investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), a private infrastructure fund platform within Morgan Stanley Investment Management (MSIM), will hold a majority stake in Crowley Wind Services Holdings, a joint venture combining Crowley's end-to-end maritime and logistics capabilities with the financial strength and expertise of Morgan Stanley.

15 Aug 2023

Rescuers Find Four Australian Surfers Missing off Indonesian Coast

© William / Adobe Stock

Four Australian surfers have been found alive after their boat went missing in bad weather off the east coast of Indonesia's Aceh province on Sunday, however at least one of three Indonesian crew members is believed to still be missing.The seven were aboard a 10-metre (30 foot) wooden vessel travelling from Nias Island to Aceh province's Banyak Islands when they were separated from a second vessel during bad weather around 6 p.m. on Sunday, according to Indonesia's national rescue agency.All four surfers had been found safe…

20 Feb 2023

US LNG Producers Poised to Leapfrog Rivals with Three New Projects

© moofushi / Adobe Stock

At least three proposed U.S. liquefied natural gas (LNG) export plants have likely found enough customers to receive financial approvals this year, according to Reuters calculations, developments that would make the country the world's largest LNG exporter for years to come.After a dearth of plant approvals last decade, developers have secured dozens of long-term contracts to finance new multibillion-dollar LNG plants. The pace of approvals has accelerated as Europe has shifted…

30 Jan 2023

HII Names Chewning EVP Strategy & Development

Eric Chewning (Photo: HII)

Eric Chewning, former chief of staff to the U.S. Secretary of Defense and deputy assistant secretary for industrial policy, is joining HII as executive vice president, Strategy & Development, reporting directly to HII President and CEO Chris Kastner. Chewning assumes the role on Jan. 30.Chewning joins HII as it grows its customer set across the armed forces and executes on its significant shipbuilding backlog for its primary customer, the U.S. Navy. HII is the nation’s only builder of aircraft carriers and its largest military shipbuilder…

16 Jan 2023

Indonesia Dispatches Warship to Monitor Chinese Coast Guard Vessel Near Offshore Fields

©Harbour Energy

Indonesia has deployed a warship to its North Natuna Sea to monitor a Chinese coast guard vessel that has been active in a resource-rich maritime area, the country's naval chief said on Saturday of an area that both countries claim as their own.Ship tracking data shows the vessel, CCG 5901, has been sailing in the Natuna Sea, particularly near the Tuna Bloc gas field and the Vietnamese Chim Sao oil and gas field since Dec. 30, the Indonesian Ocean Justice Initiative told Reuters.A warship…

07 Nov 2022

Oil Supertanker Grounded in Indonesia Will Take a Month to Free - Navy

Indonesian authorities said on Monday it could take up to a month to free a crude oil tanker stuck in its waters, while the United States slapped sanctions on the vessel for alleged links to Hezbollah and a branch of Iran's Revolutionary Guards. The Indonesian navy has been trying to free the Djibouti-registered vessel, Young Yong, which ran aground off Indonesia's Riau Islands on Oct. 26. The U.S. last week issued sanctions against an international oil smuggling network it said supports Hezbollah and Iran's Quds Force, targeting dozens of people, companies, and tankers as Washington sought to mount pressure on Tehran. The Young Yong was among the vessels sanctioned. U.S. embassy officials in Singapore and Jakarta did not immediately respond to requests for comment.

14 Sep 2022

OXE Marine Boosts Its US Presence

(Photo: OXE Marine)

OXE Marine, manufacturer of the OXE Diesel outboard engine, announced it has expanded its global distributor and dealer network with the addition of eight new partners across North and South America.The company said it has signed on distributors and dealers of OXE Diesel: BCI Marine (Canada), ADR Power Systems (FL, GA), So Cal Maritime (CA), Stanley Parts (TX), Dalco Power (Puerto Rico), Nixon Power (TN), Advanced Diesel (FL), and Phoenix Marine (AL).Jeremy Davis, OXE Marine's director of global sales…

15 Jul 2022

Indonesia Jails Captain of Tanker Arrested for Illegal anchorage

The captain of a fuel tanker arrested by the Indonesian navy in May on suspicion of illegally anchoring in its waters has been jailed for 15 days and fined 200 million rupiah ($13,350), a navy spokesman said on Wednesday.The Nord Joy, a Panama-flagged oil products tanker, was detained on May 30 whilst anchored in Indonesian waters to the east of the Singapore Strait, one of the world's busiest shipping lanes.Indonesian navy officers asked for an unofficial payment of $375,000 to release the vessel, two people involved in the negotiations told Reuters at the time. The Indonesian navy denied any such payment was requested and said the vessel was being held for anchoring in its waters without a permit.

23 Jun 2022

Bruun Takes the Helm at KVH Industries

Brent Bruun (Photo: KVH Industries)

KVH Industries, Inc., announced that its Board of Directors has appointed Brent C. Bruun as President and Chief Executive Officer and a member of the Board. The Board also appointed two seasoned industry executives, David Kagan and David Tolley, as directors of KVH.Bruun first joined KVH in 2008 and has served as KVH’s Interim President and Chief Executive Officer since March 2022. He also served as Chief Operating Officer of KVH beginning in 2016, as well as Interim Chief Financial Officer of the Company.

09 Jun 2022

Indonesian Navy Officers Want $375,000 to Release Detained Tanker

Indonesian naval officers have asked for $375,000 to release a fuel tanker they detained last week, accusing it of anchoring illegally in Indonesian waters off Singapore, two people involved in negotiations over the unofficial payment said.The incident comes after Reuters reported a dozen similar detentions last year. In those cases, the ship owners made unofficial payments of about $300,000 each and the vessels detained by the Indonesian navy east of Singapore were released. The Nord Joy fuel tanker was boarded by armed navy personnel on May 30 whilst anchored in Indonesian waters to the east of the Singapore Strait, one of the world's busiest shipping lanes…

04 Apr 2022

SUNY Maritime Announces $24.8 Million in Campus Improvements

(Photo: SUNY Maritime College)

SUNY Maritime College on Monday announced three major construction projects totaling $24.8 million that will enhance and build on the campus’s state-of-the-art facilities for students pursuing the global marine transportation industry. Ground-breaking and ribbon-cutting ceremonies today with state and local leaders celebrated Maritime College’s new Student Learning Center and its fully renovated Marine Engineering Systems Laboratory, made possible through significant New York…

01 Feb 2022

Carboline Celebrates 75 Years

(Photo: Carboline)

This year marks the 75th anniversary of Carboline, a global leader in coatings, linings and fireproofing. Carboline was founded by Stanley Lopata in St. Louis, Missouri, in 1947 and has grown into a global organization.Company president, Chris Tiernay remarked, "Two thousand twenty-two marks our 75th anniversary, an accomplishment we are tremendously proud of. For 75 years, Carboline has been solving some of the industry's most challenging problems. We remain committed to the idea that there is always a solution.

29 Dec 2021

Indonesia Says It Will Allow Stranded Rohingya Boat to Seek Refuge

© mexitographer / Adobe Stock

Indonesia will allow a boat packed with Rohingya which had become stranded off its coast to dock in the Southeast Asian country, its security ministry said on Wednesday, after calls from aid organizations to allow the vessel to seek refuge.Local officials in Aceh, a province on the western island of Sumatra said on Tuesday that they would provide the roughly 120 passengers on board with food, medicine and water, but would not allow them to seek refuge in Indonesia, despite international pleas to do so."Today…

19 May 2021

UK Reveals the Names of Its New Inspiration Class Warships

(Image: UK Royal Navy)

The names of the British Royal Navy's five next-generation Type-31 frigates have been announced by the First Sea Lord, Admiral Tony Radakin. Approved by HM The Queen, the vessels will be named HMS Active, HMS Bulldog, HMS Campbeltown, HMS Formidable and HMS Venturer.Grouped together as the Inspiration Class, the names of the new vessels are drawn from former warships and submarines whose missions and history will inspire Royal Navy operations. The names also represent the Royal Navy’s future vision: HMS Active signifies the forward deployment of Royal Navy ships to protect U.K.

29 Apr 2021

Indonesia Pledges New Homes for Relatives of Doomed Submariners

File photo: Indonesian submarine KRI Nanggala (402) (Photo: Alonzo M. Archer / U.S. Navy)

Indonesian President Joko Widodo said on Thursday that authorities would build houses for the relatives of the crew of a submarine that went missing before being found in pieces on the bottom of the Bali Sea, killing all 53 inside.The German-built KRI Nanggala-402 was discovered at a depth of nearly 840 meters (2,756 ft) on Sunday after losing contact days earlier while preparing for a torpedo drill."We will build houses for you...

25 Oct 2021

LNG Demand to Rise 25-50% By 2030 - Morgan Stanley

© Mike Mareen / Adobe Stock

Demand for liquefied natural gas (LNG) is expected to rise by 25 to 50% by 2030, making it the fastest growing hydrocarbon over the next decade, analysts from Morgan Stanley Research said in a note on Monday.Morgan Stanley has raised its long-term LNG price outlook to $10 per million British thermal units (mmBtu), expecting spot prices of the super-chilled fuel to average 40% higher over the next decade, versus the past five years.Asian spot LNG prices hit a record above $56 mmBtu…