ABS Consulting Awarded Government BPA
ABSG Consulting Inc. selected for the GSA Performance Management and Continuous Process Improvement (PM/CPI) Blanket Purchase Agreement (BPA). The government-wide…
Inmarsat Alphasat Satellite Launch Successfrul
Inmarsat provider of global mobile satellite communications services, confirms the successful launch of Alphasat, the largest satellite, designated I-4A F4. Alphasat was launched on an Ariane 5 ECA, the latest version of the Ariane 5 launcher, from the Guiana Space Centre in Kourou, French Guiana at 20.54hrs BST on 25th July (16.54hrs Kourou local time). Arianespace confirmed a successful spacecraft…
Rolls-Royce Marine H1 2013 Strong Revenue Increase
Revenue increased by 16%, reflecting OE volume from improvement in the Offshore sector, services growth in Offshore and Naval and foreign exchange benefits. However profit decreased by 8% due to adverse revenue mix, pricing pressures and warranty charges, partially offset by cost reduction and favourable foreign exchange. The order book increased 10% including an order intake of £1.7bn (£2.2bn in H1 2012).
FSL Trust Keeping Afloat: Q2 2103 Revenue US$21.3-Million
FSL Trust, in its second quarter of 2013 financial report ending 30, June 2013, records a drop in revenue & a higher loss due mainly to default in lease payments for 2 crude oil tankers.
Star Bulk Rights Offering Enables Newbuilding Orders
Star Bulk Carriers Corp. announce successful completion of their previously announced $75 million backstopped equity rights offering and concurrent private placement. Due to the level of participation by existing shareholders, back stop providers were issued the minimum amounts under their purchase commitments and the total gross proceeds of this capital raising transaction increased to approximately $80.1 million.
MARAD Grant Small Shipbuilders Funding Support
The U.S. Department of Transportation’s Maritime Administration (MARAD) announce US$9.46-million to help improve 12 shipyards in 10 states. The grants, provided…
Damen Shipyards Among Top Three Green Firms
De Telegraaf, the largest newspaper in the Netherlands, placed Damen Shipyards with other winners, Moonen Packaging and Conscious Hotels among the top 3 greenest companies in the Netherlands. The jury honoured Damen’s first hybrid tug with the term “Dutch pride”. After the event, De Telegraaf’s port specialist Mr Theo Jongedijk visited the Tugboat department at Damen’s HQ in Gorinchem; there, he handed the prize, a ‘Green T’, over to Mr Coen Boudesteijn, Product Director Tugs.
China Shipyard Naming of Vroon Livestock Carriers
Specilaist livestock carriers 'MV Galloway Express' and 'MV Ganado Express' have been named at the COSCO Shipyard in Guandong, China. These livestock carriers are the first two in a newbuilding programme of four next‑generation livestock vessels, being built for Vroon in Guangdong. The vessels have a cargo capacity of approximately 4,500 sqm and a cruising range of around 18,000 NM. They are fitted…
Tekmar Announces Plans For O&G Return
Cable protection company for the offshore wind industry Tekmar Energy announced its plans to return to the oil and gas market whilst maintaining its leading position in offshore renewables. As part of the firm’s blueprint for growth, it aims to generate £15million in turnover from its oil and gas operations by 2016 as part of a strategy to increase overall turnover from £22-50 million and create 30-50 new jobs. The company, headquartered in Newton Aycliffe, County Durham.
Two New Ice-class LNG Carriers for Dynagas
Dynagas, the liquefied natural gas (LNG) shipping arm of the George Prokopiou shipping enterprises, has taken delivery of Arctic Aurora, the second of two ice-class membrane LNG tankers, during a ceremony at Hyundai Heavy Industry (HHI) Ulsan shipyard, Korea. The first, Yenisei River, was delivered yesterday. The 155,000 cbm (cubic meters) ships are fitted with GTT Mk III containment systems. Propulsion for the ships is provided by a duel fuel diesel generator engine system.
Somali Pirates Now Protect Illegal Fishing Vessels, UN Reports
The maritime industry has recently seen a decrease in Somali piracy, but many pirates have turned to a new criminal activity: protecting illegal fishing boats off the Somali coast. Instead of carrying out acts of traditional piracy, the criminals are seeking new, more profitable ways to generate illegal revenue, guarding illegal fishing vessels and participating in arms, drugs and human trafficking, according to a report recently published by the UN.
IRS to Leverage R&D for a New Dynamic Role
Attaining full membership of the International Association of Classification Societies (IACS) in 2010 appears to have opened a wider choice of opportunities for Indian Register of Shipping (IRS). Since Arun Sharma assumed charge as Chairman and Managing Director in February 2012, IRS has embarked on a trajectory of rapid expansion and growth, positioning itself in the new avatar of a solution provider for its clients…
To understand how ABS and DNV participate in Brazil’s complex and challenging Maritime and O&G industries, MR spoke to ABS’s João Carlos Ferreira , DNV’s Tommy Bjørnsen and their colleagues in Rio de Janeiro. The American Bureau of Shipping (ABS) is a non-profit classification society founded in 1862. ABS has been present in Brazil for more than 40 years, with more than 200 employees distributed between six offices in Brazil.
Asia Pacific Spill Response OSRL Increases Capabilities
Last month Oil Spill Response Limited (OSRL), a global oil spill response cooperative funded by more than 160 companies, opened its new base with enhanced response capabilities at Loyang in Singapore. Maritime Reporter took the opportunity to speak with Robert Limb, OSRL Chief Executive, regarding the significance of OSRL’s expansion. The opening of the base last month in Singapore was touted as a milestone event for the maritime and oil and gas industries in the Asia Pacific region…
NYSED Awards SUNY Maritime $1.8 Million
The SUNY Maritime College announce that it has been awarded $1.8 million in grants from the New York State Education Department (NYSED)as part of the federally funded…
Lukoil Develops Cylinder Oil Reducing Wear and Consumption
Maritime industry lubricant specialist Lukoil Marine Lubricants Ltd. reported that it expanded sales in the 2012 business year by 74% to around $200 million. Established in 2008…
ProvPort’s Expands Operations
ProvPort, operator of the Port of Providence – one of the busiest ports in America’s northeast – has expanded capabilities including the addition and operation of two Liebherr 550 Mobile harbor cranes. The cranes arrived in June and began operation immediately after being certified. “The new Liebherr 550’s replace two 30 plus year-old cranes. The lift capacity, the efficiency and the speed in which we can load exports and unload imports puts ProvPort in a leadership position…