Crude Carriers Corp. Q4 Report & Divident
· Reported fourth quarter net profit of $2.4 million or $0.15 per share (‘EPS’). · Earned average Time Charter Equivalent (‘TCE’) of $26,575 per day for the two…
Ulstein Contract to Build Offshore Construction Vessel
Working closely with Eidesvik Offshore and their partner Subsea 7, Ulstein has signed a contract for delivering an offshore IMR/ construction vessel of the Ulstein SX148 design to Eidesvik Offshore. The yard and design department at Ulstein have worked on this project for more than two years. The ship is of the SX148 design from Ulstein, which can carry out highly advanced subsea work like inspection, maintenance and repair of oil installations on the sea bottom.
Gamesa, Northrop Grumman Launch Offshore Wind Technology Center
Gamesa Technology Corp., a global wind energy company, and the shipbuilding operations of Northrop Grumman Corp., America's largest shipbuilder, launched the Offshore…
EPA, USCG MOU for Enforcement & Compliance
The U.S. Environmental Protection Agency (EPA) and U.S. Coast Guard (USCG) today signed a Memorandum of Understanding (MOU) outlining steps the agencies will take to better coordinate efforts to prevent illegal discharges of pollutants from more than 61,000 commercial ships based in the U.S. and more than 8,000 foreign ships operating in U.S. waters. Today’s MOU creates a framework for improving EPA and USCG cooperation on data tracking…
American Public University Live Webinar: Overcoming Maritime Risks
American Public University (APU), part of American Public University System, will host a live webinar on Wednesday, February 16, 2011, to examine best practices for managing regulatory…
MV Sinin Believed Pirated in Arabian Sea
On the afternoon of 12 February, the MV Sinin is believed to have been pirated approximately 350 nautical miles East of Masirah (Oman) in the North Arabian Sea.
Powerful Dredger for Panama Canal Expansion
The D’Artagnan, the most powerful self-propelled heavy duty cutter suction dredger in the world, arrived at the Panama Canal January 11. Upon its arrival, the latest addition to the Panama Canal Authority’s (ACP) expansion dredging fleet then made its way to the Pacific entrance, which will ultimately link the new Pacific locks with the Canal’s existing Gaillard Cut (the narrowest stretch of the Panama Canal).
E.R. Schiffahrt Selects Globe iFusion for Nearly 90 Ships
Globe Wireless announced E.R. Schiffahrt of Hamburg, Germany will install the Globe iFusion solution on nearly 90 vessels. Roland Felbinger, Nautical Senior Superintendent, of E.R. Schiffahrt commented, “Our corporate IT strategy is to utilize IP satellite technologies to improve our ability to remotely support shipboard IT systems, and lowering cost for growing traffic. Our evaluation showed that with most stand-alone terminals it would be necessary to install several other IT components.
This Day in U.S. Naval History - February 14
1778 - John Paul Jones in Ranger receives first official salute to U.S. Stars and Strips flag by European country, at Quiberon, France. 1813 - Essex becomes first U.S.
This Day in U.S. Coast Guard History - February 14
1903- An Act of Congress (31 Stat. L., 825, 826, 827) that created the Department of Commerce and Labor provided for the transfer of the Lighthouse Service and the…
BMT Acquires JFA Consultants
BMT Group Ltd, the leading international maritime design, engineering and risk management consultancy is set to broaden its capabilities in the Asia-Pacific region…
GAC Keeps Shipping Moving in Egypt
As political developments continue to unfold in Egypt, GAC is playing its part in keeping shipping moving in the country, Group Vice President for Africa, Russia & Central Asia…
Jet Edge High Flow Abrasivejet Cutting Head
Designed with the water jet contractor in mind, Jet Edge’s High Flow Abrasivejet delivers up to 3.5 pounds per minute (5.95 L/min) of abrasive and up to 8.6 gallons…
New & Improved ILSmart Marine Marketplace Website
ILS unveils a new and improved version of its marine marketplace (ILSmart), to provide increased functionality and more business opportunities for its global customer base.
ABS Conducts Regulatory Compliance for Octabuoy
When the ABS-classed ATP Octabuoy semisubmersible, which is intended for installation on the Cheviot Field in the UK North Sea, is completed later this year, it…
General Maritime Sells Aframax & Suezmax Tankers
General Maritime Corporation (NYSE: GMR) announced that it has completed the sale of the Genmar Princess, a 1991-built Aframax tanker, to an unaffiliated third party, generating net proceeds of $7.5m.
Imtech Marine Targets Doubling Revenue
Imtech Marine (the marine division of technical services provider Imtech) announced its new 2011 - 2015 growth strategy. Imtech Marine targets to double its revenue up to one billion euro in 2015.
MSC Completes Antarctica Resupply Mission
Military Sealift Command-chartered container ship MV BBC Ems departed McMurdo Station, Antarctica, Feb. 13 after delivering more than 84,000 square feet of vital supplies in support of Operation Deep Freeze. ODF is an annual U.S. Air Force-led mission to resupply the remote scientific outpost. BBC Ems followed MSC tanker USNS Richard G. Matthiesen, which delivered more than 5.5 million gallons of crucial diesel, gasoline and jet fuel to McMurdo Station Jan. 29 to Feb.
Alewijnse to Design & Install Electric Propulsion Drive on OSVs
Alewijnse Marine Systems is to design and install a new electric propulsion drive using a DC bus system for the main electric installation in three vessels (pictured below) to be built at Shipkits B.V. While the design of the drive is highly innovative, the application of proven technology and components enables the accurate prediction of reliability and performance for these vessels. Designed by Vuyk Engineering Groningen…
President’s 2012 Budget: $358.4 M for BOEMRE
President Barack Obama today announced his request for $358.4 million to fund the Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) in fiscal year 2012.