UK P&I Club Restructures
Move intended to increase efficiency under Solvency 2. The UK P&I Club has announced that it is reorganising its structure to establish UK Europe as the sole provider of direct insurance to UK Club members. By reducing the number of separately regulated insurers from two to one, the UK Club aims to streamline governance, reduce compliance costs and manage more efficiently the Club’s solvency capital…
Sub Escape Immersion Suit Contract Awarded
RFD Beaufort, Inc., Sharon City, Ohio, is being awarded a not-to-exceed $27,430,200 indefinite-delivery/indefinite-quantity contract to manufacture 6,000 submarine…
Growth in Offshore Ops & Maintenance Expenditure Forecast
Growth of 8% in expenditure forecast annually 2012-2016; O&M markets considerably less vulnerable to downturn than their capital-led counterparts. Over $335 billion…
The Garbage Revolution
There was a revolution at IMO Headquarters in July 2011 – and few noticed. While all the attention was focused on greenhouse gas issues, such as the Energy Efficiency Design Index (EEDI) and the Ship Energy Efficiency Management Plan (SEEMP), changes to MARPOL Annex V raised little controversy. In IMO’s official summary of the 62nd session of Marine Environment Protection Committee (MEPC), which occurred on 11-15 July 2011…
Globe Wireless and Jotron Ink VSAT Agreement
Globe Wireless, a provider of communications, operational and IT solutions to the maritime industry, announced the signing of a distribution agreement to sell Jotron B120 VSAT antennas to its maritime customers. This will be part of the Globe iFusion VSAT customized turnkey solution, combined with Inmarsat FleetBroadband, to provide high-speed broadband connectivity with true global coverage. The Jotron B120 is an innovative stabilized antenna offering a simple and clean design.
Fuel Efficiency, Reduced Emissions for Maritime
Ferries and ocean going vessels can now sail more efficiently, save fuel, and reduce their CO2 emissions by using the Automated Draft Indicator System (ADIS). Weir-Jones Engineering Ltd.
Raymarine Nav Displays Stream to Android Devices
Free RayView wireless video streaming app for new c-Series and e-Series available for Apple iOS and now Android devices. Raymarine announced the release of its Raymarine Viewer app, RayView, for Android tablets and Smartphones. The new app, available now in the Google Play Android store, joins the previously released RayView app for Apple iOS devices like iPhone and iPad. Taking advantage of the built-in Wi-Fi networking in its new c-Series and e-Series Multifunction Displays…
Maritime Pollution and Other Legislation Outlook 2012
It has been almost two years since the Deepwater Horizon incident occurred on April 20, 2010. As a result of this incident, although there have been many bills introduced in Congress to address issues raised by this incident, as well as numerous related hearings, Congress was unable to see the way clear to actually enact any pollution-related legislation, or for that matter any substantial maritime legislation in 2011.
Moore Stephens: UK Budget "encouraging" for Shipping
INTERNATIONAL accountant and shipping adviser Moore Stephens says the UK Budget 2012 contains some encouraging signs for the shipping industry. The government has stated that it will consult later this year on whether to introduce a rule allowing companies with a non-sterling functional currency to compute their capital gains and losses in such functional currency, rather than in sterling, as is currently the case.
XL Group’s Ocean Marine Unit Expands Brown Water Business
XL Group plc’s North American Marine business has boosted its underwriting expertise with the addition of Chris Cooke who has joined as Vice President, Hull and Liabilities.
Yacht Club Adds Electric Boats to Fleet
Vantage Yacht Club Adds Sustainable Electric Boats to Its Rental Fleet. Vantage Yacht Club, the premier fractional club offering shared yacht ownership and creator of the Yacht Card…
Kvichak Launches Patrol 28 Vessel
Kvichak Marine Industries recently constructed and launched a new vessel at their facility in Seattle, WA. The Patrol 28 is an all-aluminum vessel designed by Kvichak/Amgram Ltd., UK for effective operation in port and coastal waters, including shallow areas throughout the world. The parent design is based on the Offshore Raiding Craft from Holyhead Marine, UK for the UK Royal Marines. Missions for the Patrol 28 include search and rescue, border patrol and maritime security.
Bow2Stern Widens Customer Base With Acquisition
Bow2Stern/Engine Starting Products Announces Asset Acquisition of L&H Electric Co. Inc. Bow 2 Stern Services / Engine Starting Products and its owners Harry “Buster”…
Duarte Tapped as AAPA 2013 Chairman
AAPA Elects Armando Duarte of Santa Marta, Colombia, As 2013 Chairman. The American Association of Port Authorities (AAPA)—representing the interests of seaports throughout the Western Hemisphere—this week during its Centennial Spring Conference board of directors meeting in Washington, D.C.—elected Armando Duarte-Peláez as its next chairman of the board. Mr. Duarte- Peláez’s one-year term will begin the last day of AAPA’s 101st Annual Convention in Mobile, Ala., which runs Oct. 21-25, 2012.
Big Ideas Sometimes Come in Small Packages
Hyde Marine’s chemical-free, IMO Type Approved ballast water treatment solution packs performance in a smaller footprint. That’s good news for small vessel operators who may soon find themselves impacted by a problem that previously was thought to be a “bluewater” issue. The notion that ballast water treatment and invasive species are both strictly the domain of big, bluewater liners coming from the…
Navy League: Jones Act Vital to National Security
Navy League Policy statement Says Jones Act Vital to National Security. A recently released annual policy statement from the Navy League of the United States, Maritime Primacy & Economic Security, says the Jones Act is critical to U.S. economic, homeland and national security – serving the nation by maintaining a skilled merchant marine, shipbuilding capacity and sea lift capability. The policy statement says the Navy League supports “The Jones Act and Passenger Vessel Act…
Construction Begins on Next-Generation Ferry
The first arc welds on the keel of Washington’s new 144-car ferry will be made later this month by the leaders of the state Legislature transportation committees, Sen. Mary Margaret Haugen of Camano Island and Rep. Judy Clibborn of Mercer Island. The two legislators will join Washington State Ferries officials and ship workers at 11:30 a.m. Thursday, March 29, to commemorate the moment when the vessel’s keel is laid in place at Vigor Industrial’s Harbor Island shipyard in Seattle.
CMB Acquires Dry Bulk Asset
The Board of Directors of CMB met pursuant to the provisions of the Belgian Code of Companies relating to the existence of conflicts of interest and authorized the…
Tug Fleet Overhaul Commences
The Great Lakes Towing Company has commenced a major overhaul program for its Great Lakes fleet of 37 harbor assist tugboats. The ILLINOIS is the first of the Company’s tugs to undergo this overhaul at the Company’s new Cleveland shipyard. The new 770-ton Travelift; the largest on the Great Lakes, second largest in the Western Hemisphere, and the third largest in the World; permits the yard to “dry dock” on land several vessels at a time.
WISTA Japan Debuts at Executive Committee Meeting in Singapore
Karin Orsel, President of WISTA (Women’s International Shipping & Trading Association) announced during the recent WISTA Executive Committee meeting the formation of WISTA Japan. This brings the total number of WISTA chapters to 34 globally. “One of the highlights of this meeting in Singapore was the official founding of WISTA Japan. Thanks to the commitment of Yoriko Ishida, and Shoko Kaminori, Japan now is the 5th Asian country with its own WISTA Chapter” stated Orsel.