Bill Seeks to Spark Offshore Wind Investment
According to a report on SustainableBusiness.com, bipartisan legislation was introduced in the US Senate would create incentives for investments in offshore wind energy.
Fitch Affirms SEACOR Holdings' IDR at 'BBB-'; Outlook Stable
--Senior unsecured notes at 'BBB-'. The Rating Outlook is Stable. Approximately $700 million in total debt is outstanding at SEACOR. SEACOR's ratings are supported…
This Day in Navy History
1953 - Korean War armistice signed at Panmunjon, Korea and Korean cease-fire went into effect at 10:00 PM. For more information about naval history, visit the Naval…
Houston Port Commission Adopts Vision, Mission Statement, Core Values
The Port Commission of the Port of Houston Authority approved and adopted a vision, mission statement and the core values of the Port of Houston Authority, as well…
ACL Appoints New Executives
American Commercial Lines (ACL) has relocated Bill Braman, Senior Vice President and Chief Operating Officer – Transportation Services, to Harahan, LA, where he will lead the field implementation of ACL’S new operating plan and scheduled service platform. Braman joined the company in February 2009 as Vice President and General Manager – Transportation Services. He will continue to report to the President and CEO. ACL has also made two appointments.
Star Bulk Takes Delivery of Star Big
Star Bulk Carriers Corp. ("Star Bulk") announced that it has taken delivery of the Star Big (formerly Big Fish): a 1996-built, 168,404 dwt Capesize vessel. Following…
Jumbo Shipping Successfully Transports Monopiles
Jumbo Shipping has successfully transported 51 monopiles from EEW's manufacturing plant in Rostock, Germany, to Barrow-in-Furness in the UK. The monopiles’ final…
Clean Air Action Plan Air Quality Award Winners Announced
The Ports of Los Angeles and Long Beach have selected seven local maritime and cargo companies as this year’s recipients of the Clean Air Action Plan Air Quality Awards…
Iraqi Delegates to Visit OPITO
Following the signing of a landmark agreement with the Iraq Ministry for Oil to help the war-torn country develop the skills and training necessary to exploit its hydrocarbon resources, OPITO will welcome a senior delegation from Iraq on a fact-finding mission. The delegation, made up of five senior figures from Iraq’s Ministry for Oil and the deans of the four oil technical institutes in Basrah, Kirkuk, Baghdad and Tikrit, is visiting Scotland for four days this week.
ERMA FIRST Receives Basic Approval
During an MEPC 62 meeting, which ran from July 11-15, the IMO granted basic type approval to the ERMA FIRST Ballast Water Treatment system. ERMA FIRST is an electrolysis…
General Dynamics Reports Strong 2Q Earnings
General Dynamics has reported second-quarter earnings from continuing operations of $666 million, or $1.79 per share on a fully diluted basis, compared with 2010…
Offshore Services Chooses MarineCFO Software
MarineCFO Inc., a provider of Marine Software including On-Vessel, Marine Operations, Personnel, Fleet Maintenance and Financial Management Software Solutions to the Marine Transportation Industry, announced that International Offshore Services has chosen to implement the full MarineCFO Enterprise software suite. International Offshore Services, LLC was formed in 2006 by combining International Marine (started in 1996) and International Construction Group.
GAC Appoints Steindamm, Bjorklund
GAC has expanded its regional Shipping Marketing team with the appointment of Niko Steindamm. As Marketing Manager, Shipping, based in Bremen, Germany, Steindamm will promote GAC's global shipping and related services to the maritime and commodity/trading communities in Germany, Poland, the Czech Republic and Slovakia. Prior to joining GAC, Steindamm worked in sales and operations for a large container line in Germany…
Coast Guard to Celebrate 221st Birthday
The United States Coast Guard was founded on August 4, 1790, when the first Congress authorized the construction of ten vessels to enforce tariff and trade laws and prevent smuggling.
Concrete Work for Panama Canal Locks Begins
In yet another major milestone for the Panama Canal Expansion Program, permanent concrete work for the Atlantic and Pacific new set of locks recently began – marking one of the most important phases of the construction. Last March, Grupo Unidos por el Canal S.A. (GUPCSA), the contractor in charge of this project, started pouring lean concrete at both lock sites to level the surface in preparation for the permanent concrete work.
GPA Renews Partnership with ACP
The Panama Canal Authority (ACP) and the Georgia Ports Authority (GPA), which owns and operates the Port of Savannah, renewed their ties today with the signing of a Memorandum of Understanding (MOU). The MOU, renewable for five years, was first signed in July 2003 and aims to unify efforts to encourage mutual economic benefits. “Considering the importance of the Port of Savannah and its Savannah Harbor Expansion Project in the logistics chain and in the ‘All-Water Route…
China Advances Aircraft Carrier Program
As the U.S. struggles with increasing debt and requisite austerity measures, including the possibility that Navy funding could be cut, it appears that China is building…
NAT Issues Statement on "Unusual" Trading of its Stock
Hamilton, Bermuda, July 26, 2011 - There was an unusual trading in the NAT stock yesterday. NAT is not aware of any corporate news or market news that caused the irregular trading.
MES Tapped to Build “Neo Supramax 66BC” Ships
Mitsui Engineering & Shipbuilding was contracted to build two “Neo Supramax 66BC” ships, which are next-generation 66,000-dwt bulk carriers developed as low fuel consumption, eco-friendly ships. Keeping the usability of MES’ best selling 56,000 dwt type handymax bulk carrier (Mitsui 56) which achieved more than 170 contracts, this new and larger bulk carrier is expected to establish a new segment in bulk carrier market.