Date for Diary: PortVision Educational Series Luncheon
PortVision® announce that its third complimentary educational luncheon for marine terminal management will take place on Tuesday, September 10, from 11 a.m. to 2:30 p.m.
Scorpio Tankers Public Stock Offiering
Monaco-based Scorpio Tankers Inc.intends to offer and sell 20,000,000 shares of its common stock in an underwritten public offering. The net proceeds of this offering…
Cobham in Volvo Ocean Race Satcom Partnership
Cobham has strengthened its commitment to the Volvo Ocean Race after signing up to become the Satellite & Radio Communications Equipment Partner and the Broadcast Equipment Partner for Volvo Ocean Race 2014-15, which starts in Alicante in October 2014. As part of the new deal, Cobham SATCOM will supply the satellite communications hardware for the new one-design Volvo Ocean 65s, including new generation SAILOR 500 and 250 FleetBroadband systems…
Newcomer Gas Carrier Firm Closes Share Placement
Dorian LPG Ltd. has successfully closed the private placement of 68.8 million shares at US $2.44/share raising approximately US $168 million. Dorian LPG is a pure-play LPG shipping company…
China Navy Commission New Guided Missile Frigate
A ceremony for the frigate "Meizhou" of the Navy of the Chinese People's Liberation Army (PLAN) has been held at a naval port in Sanya in south China's Hainan province, officially naming & commissioning her to the South China Sea Fleet of the PLAN. The "Meizhou" (584) is a new-generation light guided missile frigate independently developed by China. It integrates many types of weaponry and equipment…
Deepwater Horizon Spill: Lawyers the Big Winners Says BP Exec.
Geoff Morrell, BP's Vice President and Head of US Communications, comments that the spill deal's big [compensation] winners shouldn't be plaintiffs' lawyers. AL.com…
New Marine Energy Generating Device Gets R&D Grant
The Whatever Input to Torsion Transfer (WITT) transmission system is unique and capable of collecting chaotic movement in any direction to turn it into useable power. The Technology Strategy Board award for Vessel Efficiency is the first of its kind and follows successful testing of the device in the Wave Tank at Plymouth University and in Plymouth Sound, UK. The project, Energy Harvesting Technology from Vessel Motion…
China Shipbuilders' Losses Seen Widening
The core business revenue of 80 major shipbuilding companies declined 22.4 percent to 84.1 billion yuan ($13.7 billion) from January to May 2013, according to…
President Obama Tours Port of Jacksonville
US Secretary of Transportation Anthony Foxx toured the port with President Obama, where it was noted that a strong infrastructure is a key ingredient to a thriving economy. Anthony Foxx began by saying that it was his distinct pleasure to tour the Port of Jacksonville, Florida, yesterday with President Obama. There, the President spoke with port officials about a challenge seen firsthand as Mayor of Charlotte. The President's remarks and the video from Jacksonville are at: www.
Kenya Jails Nine Somali Pirates
A Kenyan court in the coastal city of Mombasa has sentenced 9 Somalis to 5 years in prison each for attempting to hijack the German merchant vessel 'MV Courier' in the Gulf of Aden in March 2009…
UK Ferry Service Saved by the Community
The Bristol Ferry Boat Company went into administration last November, and needed to raise £250,000 from investors by 31 July, but it surpassed that target, topping £300,000. According to BBC News, citing ferry boss Ian Bunguard, more than 600 people had bought the shares - starting at £100 - with many being bought by people living in the city, and the ferry was now in a very strong position. Bristol…
MHI Consolidating and Reorganizing
Mitsubishi Heavy Industries, Ltd. has determined to shift to a new business structure by consolidating and reorganizing its current nine business segments into just…
Nautis Simulator Delivered to SMIT Australia
VSTEP delivers a Nautis DNV Class A FMB simulator to Seafood and Maritime Industries Training (SMIT) in Darwin, Australia for specialized ship handling, maneuvering and Radar training of coxswains.
Offshore Wind Sees New Capital Investments
With the support of technical due diligence advice from GL Garrad Hassan, Sumitomo Corporation and its subsidiary Sumitomo Corporation Europe last week agreed to invest significant amount of equity in two Belgian offshore projects. The Belwind 1 operational wind farm and Northwind project together account for 127 wind turbines and 381 MW of generating capacity with total project cost of about €1,550 million.
Obama, Foxx Visit Major U.S. Port
U.S. President Barack Obama visited MOL’s TraPac Jacksonville terminal with U.S. Transportation Secretary Anthony Foxx on July 25 as a part of his economic tour. President Obama and Secretary Foxx were met by TraPac General Manager Dennis Kelly, JAXPORT interim CEO Roy Schleicher and ILA representative Fred Wakefield, who escorted and briefed them during the visit. Following the visit, President Obama also delivered a speech in which he discussed the importance of port investment.
Back Bunker Trader Rejoins KPI
KPI Bridge Oil, a global broker and trader in marine bunkers, marine lubricants and risk management products, has appointed Mr. Jordan Felber as Bunker Trader/Broker in its New York Office. Jordan initially joined KPI Bridge Oil in 2008 from a position with Global Transportation Services as Area Sales responsible and stayed with the company until end 2011. Now, Mr. Felber has rejoined the New York team as Bunker Broker/Trader.
Barloworld Logistics Hosts Customer Iftar
Barloworld Logistics, a provider of logistics and supply chain management solutions, hosted an Iftar event at The Shangri La Hotel in Dubai recently, to celebrate the spirit of Holy Month of Ramadan. The gathering was attended by Barloworld Logistics’ key clients, joined by the company’s senior officials. John Wylie, Managing Director – Barloworld Logistics Middle East, welcomed guests who attended the Iftar event from across the Emirates.
Free App Makes Freight Markets Mobile
Freight Investor Services (FIS), a broker of freight and commodity swaps, launched a mobile app that puts the freight and commodity swaps market in the hands of users, wherever they are. The app combines indicative market prices across the main freight and commodity groups with powerful graphing to display forward curves and historical spot prices. Also included are FIS daily reports for all markets, including closing curves, commentaries, spreads and ratios.
Marine Engineering Skills Gap to be Explored
The issue of the skills gap in the marine sector is to come under the spotlight as part of London International Shipping Week 2013 when the Institute of Marine Engineering…
Saluting Guns Ready for Arrival of World’s Navies
The Royal Australian Navy has tested its new Three Pound Saluting Gun Battery at the Garden Island Naval Base, in readiness for October’s International Fleet Review, which commemorates the arrival of Navy’s first fleet in Sydney Harbor in 1913. Commander Australian Fleet, Rear Admiral Tim Barrett, said the guns would next be fired for the official 21-gun salute during the welcome of the Fleet by the Governor-General, Her Excellency the Hon Ms Quentin Bryce.