BOURBON expands its activities in Russia
BOURBON opens a new affiliate in Saint Petersburg, Bourbon Baltic, which will provide clients with first-class ship management resources. It complements BOURBON’s current operations in Sakhalin.
Milbank Leads in $692 Million Drillship Deal
Milbank Represents Group of International Lenders in $692 Million Financing for New Deep Sea Drilling Ship Purchased by Brazil’s Schahin Group. Black Diamond 1 to…
CIMAC Circle Talks Marine Power in China
The traditional CIMAC Circle at the Marintec marine trade show took place on December 1, 2011 in Shanghai. It focussed on the topic River and short sea operation – what is the impact on engines? Mirroring the rising importance of China as an engine building nation, a full house of more than 150 participants attended the CIRCLE, where two of the six panelists were Chinese. Indeed, the event was so popular that it was a case of “standing room only” for later arrivals.
OGX, OSX: Countdown for the First Oil
OGX, the Brazilian oil and gas company responsible for the largest private-sector exploratory campaign in Brazil, and OSX, a private Brazilian corporation that provides…
Damen Building Four PSV's for World Wide Supply
World Wide Supply orders four Platform Supply Vessels of Damen Shipyards’ new PSV 3300 series. Newly founded offshore support company World Wide Supply (WWS) has ordered four PSV 3300 CD’s with Damen Shipyards. The PSV 3300 CD, built according to Damen’s E3 principles, is a newly designed platform supply vessel for servicing oil and gas rigs worldwide and is specifically designed to perform safely and economically in adverse weather conditions.
Idled Containership Numbers Rises
According to a report from Bloomberg, the number of container ships idled rose to the highest level in 18 months as the supply of vessels expanded and trade growth slowed…
Green Award for MOL-managed LNG Ship
LNG Carrier Al Zubarah and Its Ship Management Company Earn Green Award Certificate. Mitsui O.S.K. Lines, Ltd. (MOL; President: Koichi Muto) today announced that…
Shipping Confidence Builds Despite Eurozone Fears
Overall confidence levels and the likelihood of major new investments in the shipping industry in the next 12 months picked up marginally in the quarter ended November 2011, according to the latest Shipping Confidence Survey from leading accountant and shipping adviser Moore Stephens. This was tempered by an expectation of a rise in finance costs. Respondents also continued to exhibit a high level…
U.S. DOT Funds $62 Million in Port Grants
Port Projects Awarded $62 Million in TIGER III Infrastructure Grants; Critical importance of connective infrastructure to America’s seaports recognized. U.S. Transportation Secretary Ray LaHood today announced that 46 transportation projects in 33 states and Puerto Rico will receive a total of $511 million from the third round of the U.S. Department of Transportation’s popular TIGER (Transportation Investment Generating Economic Recovery) grants program.
Arctic Surveys Yielding Data and Savings
U.S.-Canada Arctic Ocean survey partnership saved costs, increased data; 2011 mission concludes joint seafloor survey operations. A recent mission marked the completion of a five-year collaboration between the United States and Canada to survey the Arctic Ocean. The bilateral project collected scientific data to delineate the continental shelf beyond 200 nautical miles from the coastline, also known as the extended continental shelf (ECS). The U.S.
Tanker Rates Remain in the Doldrums
Returns for VLCCs fell for a third consectutive day to the lowest level in a month, as the supply of vessels exceeded cargo demand, according to a recent Bloomberg report.
GL Launches Pocket Guide for MLC 2006
With a sweeping reach and wide ranging application the Maritime Labour Convention, 2006 (MLC 2006) will have a significant impact on shipowners, managers, crewing…
Kirby Expands With Three New Units
Kirby Corporation Announces Purchase of Three Coastwise Tank Barge and Tug Units; Purchased Seaboats, Inc. coastwise tank barge fleet consisting of three 80,000…
Integrated Bridge for Malaysian built PSV
Raytheon Anschuetz Singapore Pte Ltd. has been awarded a contract about the supply of an Integrated Bridge and Navigation System to a new Platform Supply Ship (PSV)…
Inland Awards Conferred in Paducah
The Seamen’s Church Institute (SCI), organized the 12th Annual River Bell Awards Luncheon in Paducah, KY on Thursday, December 8, 2011. The awards paid tribute to…
Gibdock Takes the Plunge Offshore
Gibdock’s strategy to carve a niche in the growing regional market for jack-up and semi-submersible drilling rig repairs, maintenance and modification work, is closer to fruition.
LR Statutory Alert: Bio-Fuels
Statutory alert: Changes to the requirements for the carriage of blends of petroleum oil and bio-fuels. The 62nd session of the IMO Marine Environment Protection…
Life Sentence for Somali Pirates
Somalis Sentenced to Life in Prison on Charges Relating to Piracy of the S/V Quest. Mohamud Hirs Issa Ali, a/k/a Sanadaaq, 32, and Jilani Abdiali, a/k/a Ilkasse, 20, both of Somalia, were sentenced today in Norfolk federal court to life in prison for their acts of piracy against the S/V Quest, which resulted in the murder of United States citizens Scott Underwood Adam, Jean Savage Adam, Phyllis Patricia Macay and Robert Campbell Riggle. Neil H. MacBride, U.S.
SKF to Open Dedicated Marine Industry Service Centers
SKF is establishing a global, marine-focused network of specialized technology and service centers that will focus on providing a complete range of marine solutions…
GPA-Designed Hopper Barges Operating for ACP
Two of five split hopper barges, designed by Seattle-based Naval Architecture and Marine Engineering firm Guido Perla & Associates, Inc. (GPA) recently went into…