The Pirate Surge That Never Was
In September 2011, as the monsoon began to blow itself out, there were grave warnings from a number of sources and analysts that the shipping industry could expect to see a significant surge in pirate activity as conditions in the Arabian Sea and Indian Ocean became more favorable. But as conditions cleared, the anticipated increase in pirate activity failed to materialize, to the surprise of many in the industry.
Iridium CEO Matthew Desch Wins Award
Matthew (Matt) Desch, Chief Executive Officer, Iridium Communications, Inc. (Nasdaq: IRDM), has been named Via Satellite’s Satellite Executive of the Year for 2011. Iridium boasted a strong performance in 2011 that exceeded estimates on nearly every metric. Financially speaking, the MSS operator grew in areas where it was not expected to grow, driven by its service, its technological innovation and…
Drydocks World signs MOU with Goltens
Drydocks World, a leader in ship repair, conversion and new building, signed a Memorandum of Understanding with Goltens. “We are delighted to have entered into this MoU with Goltens, which is a well-known global service provider for specialized mechanical works. We believe in working in partnership with like-minded individuals and organizations to broaden our reach and support the industry with our considerable combined expertise.
ExxonMobil Helps Danaos Shipping Extend Engine Life
Engineers from Athens-based Danaos Shipping together with ExxonMobil, have reportedly extended the overhaul interval required for a piston in a DOOSAN-MAN B&W 12-cylinder K98MC-C engine from 16,000 hours to 42,575 hours. A recent overhaul revealed that cylinder number 11 was in remarkably good condition, with a negligible liner wear rate. The achievement took place aboard the containership MV CSCL Europe, which is chartered to China Shipping Container Lines.
Opinante to Chair IMUA
Kevin O’Brien, President & CEO, of the Inland Marine Underwriters Association (IMUA), announced that the Board of Directors, at its recent meeting, has voted Peter…
Konrad Marine Invests in Manufacturing System
Konrad Marine has implemented its unique Total Gear Cutting System, a system which the manufacturer touts as a clear strategic advantage in the manufacture of its reliable sterndrive systems. The framework for the system is the Gleason Phoenix(R) II, 600HC - a modern bevel gear cutting machine. Highly specialized, integrated programming makes it one of only three in the world with its unique capabilities.
Imtech Marine Reshapes Radio Holland US Ops
Imtech Marine will reshape its Radio Holland organization in the US. Key initiatives include the expansion of the service network to an increased number of ports…
Hapag-Lloyd: Share Purchase Welcomed
“Hapag-Lloyd, the management and all the employees are delighted with the solution and are pleased that this agreement was reached so fast”, Michael Behrendt, Chief…
Brazillian Built PSV Delivered
The platform supply vessel (PSV) ‘CBO Atlântico’ was recently delivered, the first of six ULSTEIN designed X-BOW vessels to be built in Brazil, and the very first of the PX106 design. The vessel was constructed at Estaleiro Alianca shipyard in Rio de Janeiro, Brazil, for shipowner CBO (Companhia Brasileira de Offshore). CBO has already two PSVs of P106 design from ULSTEIN in its fleet. When CBO in…
Former CNO Roughead Joins Northrop Grumman Board
Northrop Grumman Corporation elected retired U.S. Navy Admiral Gary Roughead to its board of directors. Roughead served as the 29th Chief of Naval Operations for the Navy prior to his retirement from the service in 2011. The addition of Roughead increases Northrop Grumman's board of directors to 13 members, 12 of whom are nonemployee directors. "Gary Roughead brings to our board a deep understanding of the global security challenges our nation and its allies are facing…