Egypt Turmoil May Threaten Suez Canal
Growing turmoil in Egypt is threatening to disrupt shipments through the Suez Canal and increase the costs for shipping lines as Cairo’s cash-strapped government seeks ways of bringing in revenue, reports Arab News citing a Reuters report. The Suez Canal Authority has said it may offer discounts or rebates to increase traffic through the canal, but a security source considered it unlikely they will be able to act on it given the growing political and bureaucratic chaos internally.
French Cruise Line Flagship Delivered by Finacantieri, Ancona Yard
"Le Soléal", the third of 3 super-luxury cruise ships built by Fincantieri for the French cruise line Compagnie du Ponant has been delivered. "Le Soléal", whose size and characteristics make it very much like a mega-yacht, is a unique niche product and will be the cruise line's new flagship. Targeting a select clientele, it is designed to offer passengers a unique experience, with its small size letting it reach destinations inaccessible to larger vessels.
US Ports Dredging FY2014: Record Grant Recommended
Following on the heels of House Committee's recommendation, U.S. Senate Subcommittee recommends record US$1-billion for FY2014 maintenance dredging. The U.S. Senate…
HII Awarded Nuclear Carrier Inactivation Contract
Huntington Ingalls Industries (HII) has received a $745 million cost-plus-incentive fee contract for the inactivation of the aircraft carrier 'USS Enterprise' (CVN 65). The work will be done at HII's Newport News Shipbuilding (NNS) division. The ship was towed from Naval Station Norfolk to NNS on June 20 under the existing planning contract. NNS will defuel the eight nuclear reactors and prepare Enterprise…
Italy Yard Launch Fremm Warship
Fincantieri's Riva Trigoso (Genoa) shipyard celebrates the launch of the frigate “Carlo Margottini”, the third of a series of Fremm vessels - Multi Mission European Frigates, ordered from Fincantieri by the Italian Navy within the framework of an Italo-French program of cooperation. Godmother to the ship was Ms. Stefania Portaccio, granddaughter of Captain Carlo Margottini. The frigate was named in honour of Captain Carlo Margottini…
FSL Request Share Trading Halt
First Ship Lease Trust (FSL) request halt to trading on exchange from 0830, July 1, 2013, pending a Board of Director's announcement. According to the company's…
Offshore Brazil PLSV's: Huge Petrobas Contract for SNM
Seadrill & SapuraKencana Petroleum Berhad joint entity Sapura Navegação Marítima S.A., Brazil (SNM) awarded US$2.7-billion Petrobas contract to charter & operated 3 newbuild Pipe Laying Support Vessels (PLSV's). The contract is for a period of eight years with an extension option for an additional eight years and is expected to commence by the second quarter of 2016. Total revenue potential for the contract is expected to be US$2.7 billion.
Navy Contracts for Electric Boat, RFD Beaufort
Amongst the latest announcement of US Department of Defense, Navy contracts were those to Electric Boat Corp., Groton, Conn. & RFD Beaufort, Inc., Sharon Center, Ohio.
Willard Vessel Chosen to Umpire America’s Cup
Willard Marine, Inc. of Anaheim, Calif. announced that the America’s Cup Racing Association has chosen to use their 43’ High Speed Interceptor RIB as the Umpire Boat for this summer’s race. This year’s new AC 72 Catamarans have hulls that will reach speeds over 40 knots. The Willard Interceptor was designed for high performance and can go as fast as 62 knots which is needed to keep a faster pace than the racing hulls. Willard Marine Inc.
Titan and T&T Cooperate for Salvage on Chilean Coast
Crowley Maritime Corp. subsidiary Titan Salvage, based in Pompano Beach, Fla., and its partner T&T Salvage, a maritime emergency and salvage company based in Galveston, Texas, recently completed a challenging wreck removal project off the coast of Chile. The job, which involved the removal and scuttling (the process of strategically sinking a shipwreck) of a grounded bulk carrier on Llolleo Beach, required the use of unique…
Damen Launches New PSV Series
The first deliveries from Damen Shipyards Group’s extensive new offshore portfolio open the way to the realization of the global group’s strategic ambition to challenge…
Secretary LaHood Designates New Marine Highway in Texas
U.S. Transportation Secretary Ray LaHood has designated a new marine highway in Chambers County, Texas. The “M-146 Marine Highway Connector,” which is sponsored…
Senate Selects Anthony Foxx as Secretary of Transportation
The White House issued a statement from President Barack Obama on the unanimous confirmation by the Senate of Anthony Foxx as the next Secretary of Transportation.
Stage Set for Entry of Liquid Gas Injection Engine
Ole Grøne, Senior Vice President – Low Speed Promotion & Sales – MAN Diesel & Turbo, said, “We can really see the momentum towards dual-fuel operation building now. The ME-GI engine we introduced – and immediately received orders for – in late-2012 confirmed the growing demand to have the option to run ships on LNG as well as HFO in the face of increasing fuel prices. Grøne concluded, “MAN Diesel & Turbo’s experience with two-stroke, dual-fuel engines stretches back to the 1990s.
MV Danio Undergoes Much Needed Repairs
The MV Danio has certainly had some adventures this year. In March she hit both the BBC and the ITV British news channels when she went aground just off the Farne Islands, an environmentally sensitive area just off the coast of Northumberland. Bad weather made attempts to free the ship impossible for a tense ten days. The Farne Islands is home to puffins and seals, and the M/V Danio was carrying 27 tons of diesel fuel and 1,500 tons of wood.
Today in U.S. Naval History: June 28
Today in U.S. 1794 - Joshua Humphreys appointed master builder to build Navy ships at an annual salary of $2,000. For more information about naval history, visit…
Smart Card Alliance Conveys TWIC Suggestions to USCG
Limiting the use of Transportation Worker Identification Credential (TWIC) smart cards and readers will create significant security vulnerabilities in our maritime infrastructure…
Diana, Cargill Enter Time Charter Agreement
Diana Shipping Inc., a global shipping company specializing in the ownership and operation of dry bulk vessels, announced that it has entered a time charter contract with Cargill International S.A.…
GPS Marine Contracts Damen for Shoalbuster
Damen Shipyards Group announced the sale of a 27m workboat, a Damen Shoalbuster 2709 displayed on the pontoons at Southampton U.K.’s Seawork exhibition (June25-27), to GPS Marine of Chatham, U.K. Casper Vermeulen, Sales Manager Europe, commented, “The Managing Director of GPS Marine came on to the stand and made us an offer for the Shoalbuster displayed on the pontoons. After half an hour of negotiation, we shook hands.
A New Direction for DP
GE pioneers a friendlier operating system for mariners. GE’s Power Conversion business is bringing enhanced operability to the company’s Dynamic Positioning (DP) system.