Japan's Quake May Boost Korean Industry
According to a report from Bloomberg, with the prospect of less competition from Japan due to the earthquake and tsunami that hit the country, and increased demand when the Japanese start rebuilding…
Marinette Marine Seeks Contractors
According to a report from the Greenbay Press Gazette, on March 23 the Marinette Marine Corp. Small Business Industry Day was held in Wisconson for prospective contractors…
Shipping Industry Needs to Leave Comfort Zone to Reduce Piracy
Reducing the number of ships that are hijacked by Somali pirates is a realistic prospect in the near‐term if shipowners and operators are willing to adopt a security…
Petrobras Awards Lankhorst Ropes Dyneema Deepwater Mooring Line Contract
Leading deepwater rope manufacturer, Lankhorst Ropes, has secured the first-ever, worldwide order for Dyneema synthetic mooring rope for deepwater MODU (Mobile Operating Drilling Unit) projects from Brazilian oil and gas producer Petroleo Brasileiro SA (Petrobras). Gama 98 is a rope construction developed by Lankhorst Ropes specifically for deepwater mooring, and used on a number of major deepwater projects in the Gulf of Mexico. The rope will feature up to 12 Dyneema SK78 yarn sub-ropes.
TSAKOS Announces The Completion Of Sale Of The Aframax Tanker Opal Queen
ATHENS, GREECE – March 24, 2011 - Tsakos Energy Navigation Limited (“TEN” or the “Company”) (NYSE:TNP) today announced the delivery of the 2001-built aframax tanker Opal Queen to her new owners. The capital gain of over $5 million while the free cash of over $16 million from this sale will be recorded in the first quarter of 2011, while the free cash to be generated will be used for future vessel opportunities.
Eagle Bulk Shipping Inc. Reaches Agreement With Korea Lines Corporation
NEW YORK, March 25, 2011 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq:EGLE) ("Eagle Bulk") announced today that it has reached a comprehensive agreement with the Receivers of Korea Line Corporation ("KLC") regarding twelve time-chartered vessels impacted by KLC's decision to file for protective receivership earlier this year. The agreement follows extensive and highly constructive dialogue between the two parties.
First post-quake cargo cleared in U.S.
LOS ANGELES, MARCH 24, 2011: U.S. Customs and Border Protection gave global shipping line APL an all-clear here this week for the first shipment of containerized cargo from post-earthquake Japan. According to Customs, technicians conducted radiation tests on 355 containers discharged at the Port of Los Angeles from the vessel APL Korea. All containers were cleared for delivery to locations throughout the U.S.
This Day in U.S. Naval History - March 25
1813 - USS Essex takes Neryeda, first capture by U.S. 1898 - Assist.
This Day in U.S. Coast Guard History - March 25
1911- The Treasury Department directed the keepers of life-saving stations to keep a lookout through the beach patrol for stray buoys washed ashore, to secure such buoys when it could be done…
Hamburg Süd Calling at Ports In Japan
Hamburg, 25 March 2011. Immediately after the devastating results of the earthquake in Japan, Hamburg Süd set up a working group consisting of experts from various departments which is constantly monitoring the situation on the east coast of the Asian continent and can quickly and efficiently respond to any new developments. This working group today decided also to have the next vessel, the “Cap Isabel”…
BOEMRE Approves Sixth Deepwater Drilling Permit
The Bureau of Ocean Energy Management, Regulation and Enforcement (BOEMRE) approved a sixth deepwater drilling permit on March 25 that complies with rigorous new…
120 To 175 Floating Production Systems Forecast Over The Next Five Years
The number of floating production systems in service continues to grow. There are now more than double the number of units ten years ago – 250 units now vs. 120 units in 2001. Order backlog, which now stands at 47 units, will increase the inventory by another 20 percent over the next several years. Planned projects – In a new in-depth analysis of the floating production sector, IMA identifies 194…
Navy Names Austal’s Next Two Littoral Combat Ships
Austal hosted a visit by the Secretary of the Navy (SECNAV) Ray Mabus on Friday, March 25. He was joined by U.S. Senator Jeff Sessions, Congressman Jo Bonner, Austal USA President and Chief Operating Officer, Joe Rella, and Mobile Mayor Sam Jones in formally announcing the names that he has selected for the first two Littoral Combat Ships (LCS) of the recently awarded 10-ship contract to Austal. LCS 6 will be named USS Jackson and LCS 8 will be named USS Montgomery.
Statoil Completes Well In Egypt
The Kiwi well in the Egypt’s El Dabaa Licence (Block 9) was completed this week and the Discoverer Americas drillship will soon head back to the US Gulf of Mexico. The exploration well targeted the Kiwi prospect in the El Dabaa licence, located in the Mediterranean west of the Nile Delta, with a water depth of around 2,700 metres at the drill site. Extensive logging has been performed in the well, and preliminary results show that the well is dry.
Graig Wins Major Chinese Newbuilding Contract
Shanghai-based Graig China, part of the UK’s Graig group, has won a ten-ship order to supervise newbuildings for Chinese leasing company Minsheng Financial Leasing Co Ltd. The supervision contract brings to twenty-three the number of Chinese-owned vessels building in Chinese shipyards under the supervision of Graig. The new contract is to supervise the construction of ten 76,000 dwt bulk carriers to be built at Jiangsu Rong Sheng Heavy Industries Co Ltd…
Event Highlights Opportunities In Marine Energy For North Companies
Businesses will have the chance to learn more about the marine energy opportunities for the Orkney and Pentland Firth waters at an event in Caithness on Tuesday 5 April. Organised jointly by North Scotland Industries Group (NSIG), Caithness Chamber of Commerce, Orkney Islands Council, The Crown Estate and Highlands and Islands Enterprise (HIE), the event is open to members and non-members and will be held at North Highland College, Thurso from 10am to 4.30pm.
MHI to License Marine Boiler Manufacturing and Marketing
Tokyo, March 28, 2011 - Mitsubishi Heavy Industries, Ltd. (MHI) and Jiujiang Haitian Equipment Manufacture Co., Ltd. (JHT), a state-owned major marine equipment manufacturer in China, have signed an agreement under which MHI will license marine boiler* technologies to JHT. JHT has been looking forward to acquiring marine boiler manufacturing technology from MHI for some time, while MHI has hoped to…
ST Marine Successfully Delivers Its First Seismic Survey Vessel
Singapore, 28 March 2011 – ST Marine has successfully delivered its first Seismic Survey Vessel to Swire Pacific Offshore Operations (Pte) Ltd (Swire), a wholly owned subsidiary of Swire Pacific Limited. In December 2008, ST Marine announced the S$30m contract to provide detailed design and to construct the 68-metre Vessel for Swire. Work commenced in 2009. The contract…
NMD chosen for Australia's new Hobart Class Air Warfare Destroyers
Hatteland Display announce that our 20.1 inch NMD, full naval display, has been selected,for the C4 environment aboard the new Hobart Class Air Warfare Destroyers. The Air Warfare Destroyer (AWD) project, also known as SEA 4000, will provide the Royal Australian Navy (RAN) with three technologically advanced air warfare destroyers. The work is led by the Air Warfare Destroyer Alliance (AWD) which comprises the Defence Materiel Organisation (DMO), ASC and Raytheon Australia.
Maersk Names New Vessel Customised For West Africa
28 March 2011 - A.P. Moller - Maersk is pleased to announce the naming of the first of a series of 22 WAFMAX container vessels currently being built by Hyundai Heavy Industries in Korea. Named after the capital of Guinea, Maersk Conakry and the 21 other West Africa MAX ("WAFMAX") vessels on order from Hyundai will be the largest container ships able to call West Africa. They are also the most fuel-efficient…