Yachting Industry Future Debated at Monaco Yacht Show
Marine Industries Association of South Florida hosts Monaco discussions with international grouping on the future of the yachting industry. The Marine Industries…
Asia's First Floating LNG Project to Have GE Compressors
GE Oil & Gas to supply gas turbine-driven compressor train technology to Malaysia’s Petronas for a floating liquefied natural gas (FLNG) facility. The start-up of…
'Rena' Wreck Shrinks Under Resolve's Helicopter, Crane Barge Assault
Following six weeks of intensive operations RESOLVE Salvage & Fire announce removal of 600 tons of steel from the bow section of the Rena wreck off Tauranga, New Zealand. RESOLVE has been removing the wreck piece by piece using helicopters and a transport barge at a safe distance from the reef. Due to the precarious position of the wreck’s bow on the Astrolabe Reef, and the nationwide concern in New Zealand over the potential for additional damage to the reef during salvage operations…
Ocean Acidification Putting Coastal Jobs at Risk
A NOAA study finds that ocean acidification is accelerated in nutrient-rich areas putting marine resources, coastal economies, at risk. Carbon dioxide released from decaying algal blooms, combined with ongoing increases in atmospheric carbon emissions, leads to increased levels of ocean acidification, and places additional stress on marine resources and the coastal economies that depend on them, according to a new study published by NOAA.
Seadrill Orders New Ultra-deepwater Drillship
Seadrill has entered into a turnkey contract to build a new ultra-deepwater drillship at the Samsung yard in South Korea, for 2014 delivery. The project value price…
Konecranes to Supply Nine RTG's to W. Africa Container Terminal
Konecranes to supply nine RTG's (Rubber Tired Gantry) to Bolloré Group in West Africa. The cranes will be delivered to MPS Container Terminal in Tema, Ghana and Benin Container Terminal in Cotonou…
The Hudson and East rivers are constantly abuzz with swarms of ferry, patrol, and cargo traffic. In August, New York hosted the Transportation Research Board’s ferry committee for a midyear conference. I was fortunate to be a guest presenter at this event and speak on behalf of vessel operations on the U.S. Marine Highways. With such high use on these historic waters, it was not surprising that much of the discussion circled back to the environment and vessel impact.
A Primer on Current Environmental Standards
Environmental standards come with a mess of acronyms that can be difficult to comprehend. I’ll demystify four of those acronyms here. The first two; EEDI and SEEMP, were coined by the International Maritime Organization (IMO) and are aimed at monitoring and reducing vessels’ fuel usage and thus green house gas creation. The third, ECA, was also created by the International Maritime Organization and includes a focus on particulate matter emissions.
BOEM: 38 Million-Acre Oil &Gas Lease Sale in the Central GOM
Secretary of the Interior Ken Salazar and Bureau of Ocean Energy Management (BOEM) Director Tommy P. Beaudreau announced that BOEM will offer 38 million acres in…
Egyptian Prime Minister Visits with ENI CEO in Cairo
Egyptian Prime Minister Hesham Qandil and Eni CEO Paolo Scaroni met today in Cairo to discuss Eni’s activities in the country. During the meeting, which was cordial and constructive, Eni's CEO shared the developments and results of the company's ongoing activities in the country with the Prime Minister, affirming Eni's positive vision of the perspectives and the exploration potential that the country presents.
Training the Next Generation at Great Lakes Towing
The Great Lakes Towing Company and Great Lakes Shipyard have entered into another year as a partner in St. Martin de Porres High School’s Corporate Work Study Program.
Braemar: Ask Questions to Cut Casualties, Costs
Underwriters should be asking more questions at the time of placing or renewing marine insurance to reduce the risk of major incidents and cut unnecessary costs, suggests Braemar (Incorporating The Salvage Association). Speaking at the International Union of Marine Insurance annual conference in San Diego last week, Regional Director for the Americas, Richard Gayton, said the vulnerability of vessels to both attritional and major losses should not be masked by the label of human error.
WSS Receives Approvals for Safety Service
Class approvals and new training centres strengthen WSS safety service offering. Wilhelmsen Ships Service (WSS) has received vital approvals for its safety service…
Insights with an Kees Pilaar MD, Blohm + Voss
It could be argued that running an efficient, safe and profitable ship repair yard is one of the most difficult of all maritime jobs. First and foremost, unpredictability – in terms of planned and actual workload, as well as the very nature of the job themselves – is a recurring theme. Maintaining experienced staff in times good and bad; keeping ahead of evolving regulations, as they pertain to the local environment and the global ship market…
Ready for the Worst
Most every company knows it should have a plan to deal with catastrophe. That’s especially true for shipyards and vessel owners who often ply their trade in hurricane zones…
BW Group's 1H Performance Better than Expected
Moody's Investors Service says that operating results of BW Group (Ba2 negative) in 1H 2012 were better than expected, largely because of the higher charter rates…
Intellian Debuts New VSAT Antenna
Intellian showed itsnew v110GX 3-Axis Ku-band VSAT communications antenna at SMM 2012. Prepared for the upcoming Global Express (GX) Ka-band broadband service from Inmarsat…
Northern Energy Update on Rig Employment
Norway's Northern Offshore, Ltd announce that the last two wells of a 4-well program will not be drilled at the present time. The Joint Operating Company Vietgazprom, a joint venture between Petrovietnam and Gazprom, ("VGP") has given notice that the last two wells will not be drilled at present. The second and final well under the current contract is expected to be completed by late September 2012.
Denmark Receives Power from Anholt Offshore Wind Farm
The first CO2-free power is now being fed into the Danish power grid from Anholt offshore wind farm. On its completion next year, the farm, with its total capacity of 400 MW…
Maersk Drilling Secures Offshore West Africa Contract
Jack-up rig 'Maersk Endurer' contracted for 2-year drill off Cameroon, adding about US$ 100-million to Maersk Drilling's contract backlog. Maersk Drilling expands its activities in West Africa with the signing of a contract for the jack-up Maersk Endurer with Addax Petroleum, owned by Sinopec, which is one of the largest oil and gas producers in the world. The contract duration is two years and the value is around USD 100 million. Expected commencement is late October 2012.