Horizon Stockholders Approve Reverse Stock Split
Horizon Lines Stockholders Approve 1-for-25 Reverse Stock Split at Special Stockholder Meeting. Horizon Lines, Inc. (OTCQB: HRZL) announced that stockholders at the company's special stockholders meeting on December 2, 2011, voted to approve, among other things, a 1-for-25 reverse stock split. Stockholders also approved the other three proposals presented at the special meeting. Stockholders approved…
Reservoir Group Adds Companies and Services
Reservoir Group has strengthened its portfolio of completion and production services with the announcement that two well intervention specialists have joined the ‘club’. The Tool Company, located in Assen, The Netherlands and the Aberdeen-based firm, Wellbore Intervention bring their expertise in coiled tubing well intervention to the portfolio of activities currently on offer from Reservoir Group.
USCG Awards ClassNK Measurement Authorization
ClassNK Awarded Authorization from the U.S. regarding Tonnage Measurement and Load Lines. The United States Coast Guard (USCG) has entered into an agreement with ClassNK to officially delegate authority to the world’s largest classification society for certification in accordance with the International Convention on Tonnage Measurement of Ships and the International Convention on Load Lines. Under the agreement, signed on 8 December 2011 between Rear Admiral P.
First MacRack Side-Rolling Hatch System Ordered
Cargotec has signed its first contract for MacRack, an electric-drive innovation for MacGregor side-rolling hatch covers which combines two operations, raising a cover, and moving it sideways to open or close the hatch, and which generated great interest at Marintec China exhibition. Zhenghe Shipyard has ordered Cargotec’s all-electric MacRack system to open and close side-rolling hatch covers on a 47,000 dwt bulk carrier being built for a Chinese owner and scheduled for delivery in July 2012.
First Electronic Container Freight Swap Settled in USD
Saxo Bank and ICAP Shipping Involved in World's First Electronic Container Freight Swap Settled in USD. Saxo Bank, the trading and investment specialist, and ICAP Shipping…
Maersk and U.S. Navy Collaborate on Biofuels
Maersk and the U.S. Navy collaborate on biofuel initiative. Maersk and the U.S. Navy are testing algae-based biofuel on the container ship Maersk Kalmar. The ship is en route from Northern Europe to India. Maersk Kalmar has two key attributes that make it a suitable vessel for biofuel testing. The 300 meter-long container ship has a dedicated auxiliary test engine, which reduces the risks of testing, and its fuels system has a special biofuel blending equipment and separate tanks.
Le Havre Incentivizes Environmentally Friendly Shipping
In the continuation of the actions implemented in favour of the environment, the Management Board of the Grand Port Maritime du Havre has decided to reward, in 2012…
Wishart to lead LR's London Energy Unit
John Wishart takes the helm as higher energy prices spur asset investment and demand for technical assurance. Wishart, who has assumed the role of Energy Director after joining the organisation from GL Noble Denton, will be based in London and is expected to bring a wealth of experience to the job, having spent more than 30 years in the industry before joining Lloyd's Register earlier this month. “Rising energy prices…
USCG Seeking MERPAC Applicants
The Coast Guard is seeking applications for membership on the Merchant Marine Personnel Advisory Committee (MERPAC). This Committee advises the Secretary of the Department of Homeland Security on matters related to personnel in the U.S. merchant marine, including training, qualifications, certification, documentation, and fitness standards. Applications for six positions that expire or become vacant on June 1, 2012 will be considered.
AVEVA releases AVEVA Design Reuse
Quickly and intelligently copy ship design data between projects for reuse on similar designs to reduce costs. AVEVA, a provider of engineering design and information management solutions for the plant, power and marine industries, has announced the release of AVEVA Design Reuse 12.1, a brand new product within the AVEVA Marine portfolio. AVEVA Design Reuse allows the quick and intelligent copying of ship design data to be reused on a similar ship…
MARAD – Assistance to Small Shipyards Grant Program
AGENCY: Maritime Administration, DOT / ACTION: Notice of Small Shipyard Grant Program. SUMMARY: This notice announces the intention of the Maritime Administration to provide grants for small shipyards. Catalog of Federal Domestic Assistance Number: 20.814. DATES: The period for submitting grant applications, as mandated by statute, commenced on November 18, 2011. The applications must be received by the Maritime Administration by 5 p.m. EST on January 17, 2012.
Evans Waterless Coolant: Fuel Economy & Reduced Emissions
Evans Waterless Heavy Duty Coolant Increases Fuel Economy, Reduces Emissions and Lowers TCO in Independent Testing. Evans Cooling Systems, Inc., developer of the only waterless engine coolant, reported that recent testing with Emisstar LLC, a nationally recognized emissions testing firm, showed a reduction of 3.6% in CO2 emissions and a 4% fuel economy improvement. Emisstar is a clean energy and emissions…
Maritime Foundation Names New Director
Renee Marazon, CEO of The Maritime Academy of Toledo Foundation, has announced that Lt. Commander Daniel Kleiboemer has been named the Director of The Maritime Foundation and is expected to oversee course development and curriculum for several maritime adult job training programs as well as recertification programs for those already in the maritime industry. Among the first programs Mr. Kleiboemer will handle are the Cruise Ship Professional Development and the U.S.
Index-Linked Container Contracts Take-Off
Half of all index-linked contracts filed with the US Federal Maritime Commission reference Drewry’s Container Freight Rate Insight pricing benchmarks. Drewry Maritime…
nv-charts Now Available for Cuba
nv-charts, a global supplier of precision charting products for mariners and cruising sailors, has now extended its coverage and produced new chart regions for the North Coast of Cuba. The coverage is divided into two regions; the northwest coast chart set is Region 10.2, and the Northeast coast is Region 10.1. Cruisers interested in visiting Cuba and navigating the northern coast safely will be especially pleased at the availability of NV Charts’ two regions…
Kongsberg Releases Dual Fuel Diesel Electric Simulator
Ongoing simulation model development focuses on vessel efficiency. Kongsberg Maritime has released a sophisticated Engine Room Simulator (ERS) model based on a Dual Fuel Diesel Electric (DFDE) Engine Room configuration from a modern liquefied natural gas (LNG) carrier. The new DFDE model will offer the most sophisticated simulator training for LNG engineers available today. DFDE driven vessels are…
Winland Wins Steel Transport Contract
Winland Ocean Shipping Corp., a global shipping Company, announced a new US$ 2.88 Million Contract to transport steel product from the Black Sea to Far East. To…
Zazz Engineering Introduces ATC-Ventilation
ZAZZ Engineering's ATC's touch interface, for engine room ventilation control, was conceived from the start to have vibrant graphics, intuitive design and the look and feel of easy-to-use, touch-based consumer electronics. The ATC (Automated Touch Control) automatically controls engine room ventilation monitoring inside and outside temperature, fan speed and engine room pressure. Powered by an integrated 24V DC supply…
This Day in Naval History
1862 - A Confederate torpedo (mine) sinks USS Cairo in the Yazoo River. 1937 - Japanese aircraft sink USS Panay (PR 5) in the Yangtze River near Nanking, China.
Two Engines, One Propeller
A recently launched patrol vessel, Zhong Guo Yu Zheng, for the Chinese Fisheries Department employs the proven technology of two engines turning into a gear with a single output to a single propeller. The Fisheries Administration Ship is 57.33-meters overall with a 8.2-meter beam and a depth of 4.2 meters. Design draft is 3.2 meters. A pair of Cummins QSK60 main engines, each delivering 2000 HP at 1800 RPM, provides propulsion power for the 500 DWT-vessel.