Barclays: Robust 1st Quarter for Oil & Gas
Barclays says return of industry confidence brings multi-million dollar deals in UK & US. The oil and gas team in the Barclays Corporate Banking division has announced…
Congress Examines Maritime Regulatory Impacts
The Subcommittee on Coast Guard and Maritime Transportation, chaired by U.S. Rep. Frank LoBiondo (R-NJ), held a hearing on Thursday, April 26th, to review the status…
Invasive Species: Asian Tiger Shrimp Causing Concerns
Rise in Asian Tiger Shrimp sightings prompts scientific look at invasion concerns. The recent rise in sightings of non-native Asian tiger shrimp off the U.S. Atlantic and Gulf of Mexico coasts has government scientists working to determine the cause of the increase and the possible consequences for native fish and seafood in those waters. Researchers from the U.S. Geological Survey and National Oceanic…
Horizon Lines Supports Jones Act
Horizon Lines, Inc. issued the following statement from interim President and Chief Executive Officer Stephen H. Horizon Lines is, and always has been, a very staunch supporter of the Jones Act and all of its requirements. The Jones Act stipulates that cargo shipped between two U.S. ports must be transported on vessels that are American-made, American-flagged, at least 75% American-owned and predominantly American crewed.
U.K. Government revises Finance Bill 2012 to favor UK Shipowning Companies
International accountant and shipping adviser Moore Stephens has welcomed the UK government’s decision to minimize the effect of new rules in Finance Bill 2012 which resulted in a potentially serious trap for existing UK shipowners entering tonnage tax. Finance Bill 2012 originally extended some anti-avoidance rules relating to leasing companies, so that they applied to existing UK shipowning companies chartering out ships which enter UK tonnage tax.
French Shipyard Bernard Delivers Second Pilot Boat
On May 3, 2012, Fresena, an 18 meter pilot boat will be delivered to Lotsenversetzboote Technische Fachstelle Nordwest pilots. After delivery, this unit is the second in a series of 4 vessels for German pilots. Marc Bernard, technical director of the Beranrd shipyard says: "The prototype of the pilot boat named Frya has been operating for almost a year in the area of Borkum from the port of Emden. It has proven highly satisfactory in particular on its behavior at sea in rough weather.
Nautronix Opens New Office in Norway
Nautronix announces the opening of a new office in Norway and the appointment of Jørn Berg as Vice President of Sales for Norway. Jørn Berg comments: ‘It is an exciting time to be joining Nautronix…
Petrotechnics Launches Enterprise Solution
With stakeholder expectations of operational performance in hazardous industries ever increasing, operational risk management is a board level challenge. Petrotechnics today announced the launch of Proscient, its Operational Performance & Predictive Risk software platform. It provides senior management in hazardous industries the ability to reduce risk, optimize performance and drive continuous improvement across their global operations.
Stork Announces Two New Appointments
Stork Technical Services has appointed Dave Workman to the new position of Chief Operating Officer (COO) and Erik-Jan Bijvank as Senior Vice President (SVP) UK and Africa. Mr Workman and Mr Bijvank will both be based in Aberdeen, UK, which is the operational hub for the company’s upstream oil & gas business, and take on their respective roles with immediate effect. As COO, Mr Workman will oversee all…
Idar Ulstein Passes Away
Idar Ulstein, that was CEO and Chairman of the board of ULSTEIN for many years, passed away Sunday night. He has played a huge role for the maritime industry and has been deeply involved in community development. Idar Ulstein entered the company first as a 14 year old in 1948, when his father died. After completing naval architect studies in 1962, he reentered the company as head of design. The company was growing…
Naming Ceremony for Tugboat HANDY-THREE
A newly constructed tugboat, HANDY-THREE, is to be ceremoniously named at Great Lakes Shipyard, Cleveland, Ohio, on Wednesday, May 2, 2012. The tugboat has been sold to Puerto Rico Towing & Barge Co. of San Juan, Puerto Rico. Congresswoman Marcy Kaptur, Representative of Northern Ohio’s Ninth Congressional District, will be the Sponsor and Principal Speaker for the tugboat HANDY-THREE. The vessel is the third of a class of Handy Size tugboats designed by Jensen Maritime Consultants…
NSRP Conference: R&D Proposal Submission
National Shipbuilding Research Program - 2012 Proposers Conference - Post-Meeting Information. The National Shipbuilding Research Program held the 2012 Proposers Conference on Tuesday, April 24th, at SCRA in Charleston, SC, as well as online via GoToWebinar. The conference provided an overview of the NSRP R&D proposal submission and selection processes in anticipation of Research Announcement (RA) 11-01. Conference Q&As can be found on the NSRP website.
Statoil Agreement to Divest Norwegian Shelf Assets Closed
Statoil’s agreement to divest Norwegian Continental Shelf Assets to Centrica is closed. The transaction following Statoil’s divestment and exit from several licenses…
Cummins Announces High HP Dual Fuel Product
Oil And Gas Dual Fuel Products In Production Midyear 2013. Cummins Inc. announced today its plans to produce dual fuel engines from 800 hp to 3500 hp (597-2610 kW) for high-horsepower markets. The first in the product portfolio, QSK50 Tier 2 for oil and gas well servicing applications, will begin production in midyear 2013, with other QSK Series engines to follow, including engines capable of meeting upcoming EPA Tier 4 Final emissions regulations.
Union Officers: Reduced Manning Increases Risk
Insufficient Shipboard Manning Fuels Fatigue, Boosts Risks; U.S. Maritime Officers Call on Congress to Take Action. Cuts in manning levels and burgeoning paperwork…
Nordic Shipholding Sells Chemical Tanker Activities
Nordic Shipholding A/S completes sale of chemical tanker activities. In continuation of company announcement no. 1/2012 published via NASDAQ OMX on 27 March 2012…
Lloyd's Register acquires WEST Engineering Services
Lloyd's Register acquires WEST Engineering Services to become the top independent provider of technical services to the offshore drilling sector. Acquisition of WEST, subsea systems specialists, builds support for exploration and production activities. Lloyd’s Register has acquired Houston-based WEST Engineering Services in a move that secures the Group's position as the premier independent risk-management organisation supporting the global offshore drilling industry.
This Day in Naval History - April 30
1798 - Congress establishes Department of the Navy. 1975 - Saigon falls to North Vietnamese forces.
Ship Suppliers, Buyers, Forum in Copenhagen Booked Out
Copland Events report that the 6th MTB Marine Europe forum being held in Copenhagen is now fully booked. Over 100 buyers are registered, from all over Europe, to…
US Boatbuilders File Voluntary Bankruptcy Petition
Morgan Industries Corporation, the parent company of Hunter Marine Corporation and the Luhrs Marine Group family of boat manufacturing businesses, announce that it and its U.S.