New Colombia Container Port to be Developed
International Container Terminal Services, Inc. ("ICTSI") and PSA International Pte. Ltd. ("PSA"), through their subsidiaries, have signed an agreement to jointly develop, construct and operate the container port terminal and ancillary facilities located in the Peninsula of Aguadulce, Buenaventura, Valle del Cauca, Colombia. The agreement involves PSA´s investment in Sociedad Puerto Industrial Aguadulce S.A.…
Bulkship Owners, Baltic Trading, Make Public Stock Offering
Baltic Trading say they intend to use the net proceeds from the offering for future vessel acquisitions or as working capital and for general corporate purposes. Jefferies LLC and Morgan Stanley & Co.
MOL (America) Show KPI Efficiencies in August
MOL (America) Inc. announces August 2013 KPI results showing continued improvements in documentation accuracy and in-terminal truck turn time. MOL (America) Inc.
Latest DofD Contracts
Amongst the latest Department of Defense contracts is a Navy contract for Maritime International Inc. to supply mooring equipment, and a US Army Corps of Engineers…
Efforts continue to improve the Modeling of Thrusters
MARIN uses thrusters in many projects. For a typical model scale, around 1:50 to 1:60, relatively small thrusters are required. Thrusters for these models are available ranging from 50 mm to 80 mm nozzle diameters. In the past these thrusters were always modelled with a horizontal shaft. By tilting the nozzle, the closest possible match was achieved between the client specifications and the modelled thruster for the basin tests.
U.S. Ship Owners in Quandry with MLC2006
The failure of the United States to ratify an international treaty pertaining to maritime issues is, unfortunately, nothing new. But the Senate’s failure to ratify the Maritime Labor Convention of 2006 (MLC), arising out of the 94th session of the International Labor Conference held at Geneva that year, will not give American operators in foreign trade an excuse for failing to comply. Complications…
Interview: MAN Diesel & Turbo Head of R&D, Søren H. Jensen,
More stringent emission regulations and increasing fuel prices require the development of environmentally compatible, fuel efficient ship propulsion. At the same time, there is a mild demand for new ships and engines. Against this background Maritime Reporter & Engineering News spoke with Søren Helmuth Jensen, Vice President of Research & Development, Low Speed Marine Engines at MAN Diesel & Turbo, discussing both the challenges and opportunities which he sees.
Nordic IT Marine Communications Appointed as Agent
Maritime Broadband Inc. has announced that Nordic IT has been appointed as agent of the Company’s groundbreaking C-Bird VSAT in Germany. Mary Ellen Kramer, CEO of Maritime Broadband, is very pleased to have Nordic IT Marine Communications (Germany) as an agent. “Working with Nordic IT offers Maritime Broadband the very best foothold in the important German marketplace. The company is extremely well respected in the shipping community in Germany.
Rep. King Receives Champion of Maritime Award
Rep. Peter King (R-N.Y.) this week received the 2013 Champion of Maritime Award from the American Maritime Partnership (AMP), a group representing the domestic maritime industry in New York and across the United States. AMP provides the prestigious annual award to recognize an individual who has displayed extraordinary dedication to and consistent support for the American maritime industry. As a member and former chairman of the U.S. House of Representatives Homeland Security Committee, Rep.
Wesmar Thrusters at Work Boat Show
“Wesmar thrusters are built for the toughest of sea conditions to meet the requirements of work boats around the world. Whether working in the oil fields or elsewhere, the demands to turn in tight quarters, hold position, and dock in challenging environments are standard assignments for our powerful thruster systems,” said WESMAR Vice President Bob Sentz announcing his company’s attendance at the International Work Boat Show October 9-11 in New Orleans, LA.
Harbor Maintenance Legislation Supported by TTD President
“The House Transportation and Infrastructure Committee today will consider a critical, bipartisan water infrastructure bill that will boost American competitiveness and create middle-class jobs.
MTU Environmental Foundation Offers Grant
Grant from the MTU Environmental Foundation to promote the environmental protection of Lake Constance; Environmental protection a major corporate mission of the Tognum Group. For the fourth time, the MTU Environmental Foundation is inviting tenders for a grant of 20,000 euros for environmental protection projects on Lake Constance. The invitation to tender issued by Tognum subsidiary MTU Friedrichshafen…
Nordic Shipholding Receives Offer to Invest in the Company
Nordic Shipholding has received an offer from a foreign investor to invest in the company. The board of directors looks favorable at the offer and will now commence negotiations of definitive agreements and work to fulfill the conditions included in in the offer, which among other include obtaining of certain regulatory approvals. If and when definitive agreements are reached with the investor, Nordic…
ABS approval for MTU Series 8000 Marine Engines
Leading engine supplier for U.S. Coast Guard awarded Stringent certification by American Bureau of Shipping. The MTU Series 8000 was recently awarded Naval Vessel Rules (NVR) certification by the American Bureau of Shipping (ABS). The new ABS NVR certification, a requirement for the U.S. Navy’s Littoral Combat Ship (LCS) and Joint High Speed Vessel (JHSV) programs, was awarded to Tognum subsidiary MTU Friedrichshafen GmbH after 1…
Somalia's President and Eni's Paolo Scaroni Discuss Energy
The President of the Federal Republic of Somalia, Sheikh Hassan Mohamud, met with Eni’s CEO, Paolo Scaroni. During the meeting, which took place in an atmosphere of cordiality, Paolo Scaroni expressed Eni’s interest in evaluating the exploration potential of hydrocarbons present in Somalia. Mr Scaroni highlighted the Company’s leadership and experience historically gained in the African continent where Eni is expanding its presence and achieving excellent exploration success.
GulfMark Offshore Elects Two New Board Members
GulfMark Offshore, Inc. (NYSE:GLF) has announced the election of Steven W. Kohlhagen and Charles K. Valutas to its Board of Directors for terms expiring in June 2014. Steven W.
First U.S. LNG- PSV with Unique Nitrogen Membrane Generator
Norwegian-based Air Products has been selected by Harvey Gulf International Marine to supply Nitrogen Membrane Generators for the six newly ordered LNG fuelled Platform Supply Vessels (PSV) to be built at Trinity Offshore Shipyard, Gulfport, MS. The NC 1.1 series cabinet model consists of a complete N2 Generator, a control panel and a feed air pre-treatment with a PLC control. The Nitrogen Membrane System is approved by all international marine standards.
Neste Oil to Exit the Shipping Business
Neste Oil is planning to exit its shipping business. According to the plan, the company would sell all its own vessels and outsource the ship management functions currently covering them, with around 320 ship management personnel transferring to a new employer. Neste Shipping's chartering functions would be retained and integrated with Neste Oil's organization. Going forward, Neste Oil intends sourcing its marine transportation through contractual arrangements.
U.S. Coast Guard Academy to Host Academic Workshop
The Center for Maritime Policy and Strategy will host an academic workshop, Friday, Sept. 20, 2013, at the U.S. This one-day workshop will bring together a diverse group of scholars, practitioners and stakeholders from across the country to discuss how to achieve resilient ports and marine transportation systems in an era of extreme storms, rising seas and the melting Arctic ice sheet. The workshop…
Eni Approves Dividend
Approval of 2013 interim dividend: €0.55 per share by Eni's Board of directors. At the board meeting held today, Eni’s Board of Directors resolved to distribute to Shareholders an interim dividend for the fiscal year 2013 of €0.55 per each share outstanding at the ex-dividend date as of 23 September 2013, payable on 26 September 2013. The proposal to distribute an interim dividend of €0.55 was announced to the market on 1 August 2013, when the Company published its second quarter results .