Eni Directors Approve Bond Issue
The Board of Directors of Italy-based global energy corporation Eni has approved possible one or more bonds issues. The issue of the bonds is to be placed with institutional investors, with a value of up to a maximum amount of 3 billion euro, or its equivalent in other currencies, to be issued in one or more tranches by 30 May 2014. The company says that the bonds will enable it to maintain a well-balanced financial structure…
Panama Canal Boarding Facility Inspections
The Panama Canal Authority will hold its annual "Safe Boarding Week" from 8 to 12 July 2013. During the week it will highlight and encourage safe boarding practices…
Drifter Buoys Launched from Warship
The buoys measure ocean currents up to 15 meters in depth, and were launched during 'Pacific Partnership 2013' to measure sea surface temperatures and atmospheric pressure. All are important elements in creating an observation network, allowing for more accurate weather forecasts. "The mission of Pacific Partnership is disaster relief preparedness," said Lt.j.g. Jeffrey S. Grabon, Pacific Partnership Mobile Environment Team division officer.
Ultrapetrol Details its Mortgage Note Offering
Following on from an earlier announcement of the US$200-million offering, Ultrapetrol now give provide greater detail. The company has priced the offering of $200…
RSC Bio Solutions Re-shuffles Leadership
The company, suppliers of biodegradable cleaners, degreasers & functional fluids, reorganizes its leadership team following its Terresolve acquisition. “With the…
Ship Repair Tradesmen of the Year Awards by VSRA
The 2013 Ship Repair Tradesmen of the Year were recently honored by the Virginia Ship Repair Association (VSRA). Steven Pulliam, an Outside Machinist from Oceaneering International, Inc. He was recruited to be a core member of the Shop Mechanical Team due to the high quality of his workmanship. He is a mentor to the Freshman class for his company’s Apprentice Program. He created a form that concisely…
Mack Expands Bucket Range to Keep Up with Larger Orders
A family-owned and operated company founded in northern Minnesota in 1942, Mack began as a welding company to support the forestry and mining industries, but quickly reinvented itself as a crane attachment manufacturer specializing in material handling. Today, this focus is highlighted by Mack’s expanding range of clamshell buckets and grabs for the stevedoring industry, particularly well serviced from the company’s current base on Alabama’s Gulf Coast.
Teekay Acquires 50 Percent Interest in Itajai FPSO Unit
Teekay Offshore Partners L.P. announced that it has agreed to acquire a 50 percent interest in the Cidade de Itajai floating production, storage and offloading (FPSO)…
Engineers Put Next-Generation U.S. Navy Ships to the Test
Naval Surface Warfare Center Carderock Division (NSWCCD) engineers conducted preliminary Ship to Shore Connector (SSC) seaworthiness model tests in the David Taylor Model Basin, April 22 - May 17. SSC is the replacement for the Navy's existing fleet of Landing Craft, Air Cushion (LCAC) vehicles, which are nearing the end of their service life. SSCs - like the LCACs they replace - will be primarily used to haul vehicles…
“The Essential Dry Docking Course”
Lloyd's Register North America will hold the “Essential Dry-Docking” Marine training course from June 18-20, 2013 at the Lloyd's Register office in Plantation, Fla. near Ft. Lauderdale.
L.A. Port Extends Major Lease Agreement with Chinese Shippers
Mayor Antonio Villaraigosa announced the signing of an agreement with Yang Ming, a marine transport company, to extend its lease at the Port of Los Angeles for an additional nine years. Yang Ming’s current lease at the West Basin Container Terminal ends in 2021; with this agreement, it extends to 2030 and represents additional port revenues of between $365 and $525 million, depending on cargo volumes.
USCG Releases Investigation Report on 2009 Parasailing Accident
The Coast Guard Thursday released the final report on the investigation of the parasailing accident involving the small passenger vessel Tied High off the coast of Ocean Isle Beach, N.C., in 2009.
Today in U.S. Naval History: May 30
Today in U.S. 1814 - Navy gunboats capture three British boats on Lake Ontario near Sandy Creek, N.Y. For more information about naval history, visit the Naval Historical…
POLB 'Green Flag', 'Green Ship', Program Awards
The Port of Long Beach's Green Flag and Green Ship annual awards honored 20 shipping lines for efforts to improve air quality. Efforts to improve air quality locally were accomplished by slowing ships down or deploying cleaner vessels, or both. The Port’s Green Flag Program was created in 2005 and participation today is nearly universal. In 2012, almost 96 percent of all ships calling at Long Beach slowed to 12 knots within 20 nautical miles of the Port.
Panama Canal Implements Just-in-Time Service Trial Period
The Panama Canal Authority (ACP) has implemented the just-in-time service (JIT) that they say will allow vessels to have a more efficient transit. The new service will allow the vessels to arrive at the Panama Canal much closer to their scheduled transit time. This value-added service will allow vessels to have a more efficient fuel usage by having to remain at anchor for less time before actually beginning transit.
Caterpillar Develops Second Dual Fuel Engine
Caterpillar Marine Power Systems announce the development of the MaK M 34 DF, a new marine dual fuel engine platform for the commercial marine industry. The M 34 DF dual fuel engine boasts a power rating of 500 kW per cylinder at 720 and 750 rpm in diesel and gas modes, and will share the same footprint as the highly successful M 32 C engine series. The M 34 DF will be capable of running on natural…
Fednav Adds Six Ocean-going Lakers to Great Lakes Fleet
Fednav Limited, the largest international maritime bulk carrier in Canada, announced the addition of six new vessels to its fleet. Ordered with Sumitomo Corporation and Oshima Shipyard, the environmentally advanced vessels will be built in Japan and will add substantial capacity to its Great Lakes-capable fleet of ships. As highly flexible vessels well suited to international trade, the 34,000-ton bulk carriers are adapted to the dimensions of the St.
Coast Guard Seeks NAVSAC Applicants
The Coast Guard seeks applications for membership on the Navigation Safety Advisory Council (NAVSAC). NAVSAC provides advice and recommendations to the Secretary of Homeland Security…
Halyard Chairman Takes the Plunge for Swanage RNLI
Halyard Marine’s Chairman, James Grazebrook has completed a 170-meter abseil down Portsmouth’s 550-foot Spinnaker Tower. James Grazebrook, founder of South Coast based marine exhaust specialists, Halyard, and four other brave RNLI committee members, Richard Acland, Alistair Groom, Marcus Trinick and Mark Waterhouse joined forces on Saturday, May 25 to take part in the Spinnaker abseil to raise much-needed funds for an upgraded lifeboat station at Swanage.
Nordic Shipholding A/S Releases First Quarter Results
Nordic Shipholding A/S announced its first quarter financial results for 2013. The company has had a moratorium on its product tanker debt in the past years and…