USA Maritime Applauds Continuation of 'Food for Peace' Program
USA Maritime praises the House of Representatives for rejecting the Royce-Engel amendment that would have dramatically altered the existing PL 480 Food for Peace Program. The action in the House, according to USA Maritime Chairman James Henry, “Demonstrates a clear recognition that this cornerstone of America’s foreign aid programs is not only the most successful in addressing world hunger but provides numerous important economic and national security benefits to the American people.
Carnival Corp Report Profit Slide in Q2 2013
Non-GAAP net income of $72 million, or $0.09 diluted EPS for the second quarter of 2013 compared to non-GAAP net income for the second quarter of 2012 of $159 million, or $0.20 diluted EPS.
China Oilfield Services Order 15 Offshore Vessels
China Oilfield Services Limited (COSL) has signed agreements with 5 different shipbuilders for the construction of 15 vessels of various types to serve China's offshore industry.
Russia's Second Mistral Warship Construction on Track
Russia’s second Mistral-class, amphibious assault ship will be complete in October 2014. A deputy prime minister in charge of the defense industry confirmed construction to be on schedule, adding that the first Mistral would enter the nation’s fleet in October 2013. Speaking live on national television network NTV, Deputy Prime Minister Dmitry Rogozin added that construction of the stern for the first such helicopter-carrying warship would finish at St.
Imtra Names New CFO
Imtra, a manufacturer and importer of marine products, announced today the hire of Jeff Vancura to be the company’s next Chief Financial Officer (CFO). A finance veteran with 20 years of executive experience, Mr. Vancura has held similar roles for Double E Company, TPI Composites and Mettler-Toledo Thornton. In addition to his financial duties, Mr. Vancura is also a member of Imtra’s strategic planning team. Mr.
Creditors to Pursue ARA Vessel Arrests as Bankruptcies Escalate
Rotterdam-based law firm AKD says that creditors of ailing shipping groups such as STX Pan Ocean of South Korea, and TMT of Taiwan, could seek to take advantage…
Today in U.S. Naval History: June 25
Today in U.S. For more information about naval history, visit the Naval Historical Center website at www.history.navy.mil.
Port of L.A. Recognizes Green Initiatives
The Port of Los Angeles honored 26 shipping and cruise lines for their participation in the Port’s Vessel Speed Reduction Program (VSRP), an initiative that involves…
Cheoy Lee Yachts "Expresses" Interest in Racing
Do yachting and racing mix? Yes, when powerboat veteran Gene Weeks, his wife, Paula and yacht builder, Cheoy Lee Shipyards, join the Powerboat P1 Superstock Series. When the venerable Cheoy Lee Motoryachts took advantage of the market evolution from super-yachts to smaller, sleeker Express Yachts, the company tapped the expertise of Gene Weeks who raced and had helped build brands like Donzi and Statement.
International Ice Patrol Gallery Opens at Mystic Aquarium
The Sea Research Foundation opened its “Titanic – 12,450 Feet Below” in the Ocean Exploration Center of the Mystic Aquarium in Connecticut in April of 2012. This year, the Foundation expanded the exhibit to include a gallery about the U.S. Coast Guard International Ice Patrol as a positive outcome of the tragedy. The addition officially opened in April of 2013, the month that also marked the Ice Patrol’s centennial.
Tidewater Announces Refinance Package
Tidewater Holdings, Inc. announced that it has entered a $115 million refinance package with Northwest Farm Credit Services. Northwest FCS was the lead arranger…
Senate Suggests $1B for 2014 Maintenance Dredging
The U.S. Senate Appropriations Committee’s Subcommittee on Energy and Water Development completed its mark up of the fiscal 2014 appropriation bill for the U.S. Department of Energy and U.S.
Damen Introduces Arctic Towing Supply Vessel Concept
Last February, five Maritime Engineering bachelor students of the Delft University of Technology (the Netherlands) finished their Minor on Arctic Engineering. In cooperation with Damen Shipyards Group and other partners this project has now resulted, amongst others, in a new Arctic vessel: the Damen AMTSV (Arctic Modular Towing Supply Vessel). The 100-meter double acting supply ship is capable of operating in the Barents Sea year round and in the Baffin Bay and Beaufort Sea for 8 months.
Stork Celebrates Safety at REACH Awards
Stork Technical Services, a global provider of asset integrity management services for the oil and gas, chemical and power sectors, celebrated a year of outstanding safety performance at its first global REACH Annual Safety Awards (Thursday, June 20). The awards recognize Stork employees and teams who, throughout 2012, delivered exceptional safety performance in line with the values of the company’s REACH safety initiative.
BMT Expands Operations Team
BMT Scientific Marine Services announced an expansion of its operations team with the appointment of Phil Hart as the new Vice President of Operations and Jeffrey Lewis as Vice President - Client Support Operations. Phil has over 17 years of experience in the offshore industry, including project management, technology development, designing and implementing new product lines and company revenue streams, building and directing multiple cross-functional teams, and budgeting.
Ocean Safety Debuts Exposure Torch Range
U.K. independent marine safety equipment supplier, Ocean Safety, will be showing its range of torches from Exposure Marine at Seawork for the first time. Exposure’s torches are already being used by organizations like the Norwegian Sea Rescue Association (NSRA), proving their fitness for the scrutiny of commercial maritime professionals visiting Seawork. Exposure Marine initially developed torches for the professional mountain bike market…
Bureau Veritas Launches Elastic Shaft Alignment Notation
Classification society Bureau Veritas has introduced a new set of requirements for shaft alignment on high powered ships. The ESA notation will help ensure the integrity…
ABS Nautical Systems signs Nordic Hamburg Shipmanagement
Nordic Hamburg Shipmanagement GmbH & Co. has signed a contract with ABS Nautical Systems to utilize multiple modules from the NS5 Enterprise software suite. The…
DNV Updates Windfarm Vessel Standards
DNV has launched a significant revision to the rules for wind farm service vessels (WFSV) to improve the safety of these specialized vessels which are undertaking multiple roles further and further offshore. The announcement was made at the Seawork exhibition and forum which is taking place between June 25-27 June in Southampton, U.K. DNV was first to publish rules for WFSV in January 2011 to provide…
Customers Return for Rudder Ecospeed Applications
Over the last two months, the rudders of several types of vessels were given an Ecospeed protective coating at yards in China and Estonia. In total eight vessels, including some newbuilds, belonging to five different owners were treated. Four of these owners were returning customers. These owners had experienced firsthand the devastating effect of cavitation on rudders coated with a traditional coating system.