Global Shipyard Executives Meet in Okinawa
A global conference for shipbuilding corporate management gathered 74 top executives of the major shipyards from Japan, Europe, China, Korea and the U.S. (JECKU) to exchange views on global economic development, supply and demand prospects as well as important technological and regulatory developments to improve environmental performance of ships. The conference conclusions by Chairman Kazuo Tsukuda…
AIGCAF Loans Chouest $400m for New Vessels, Refinancing
AIG Commercial Asset Finance (AIGCAF) and its affiliates have provided a $400 million loan for vessels owned and operated by Nautical Solutions, LLC, which is an operating unit of Edison Chouest Offshore (Chouest). Proceeds from the loan were used to refinance existing notes and to provide for the construction of new vessels. Kirk Phillips, Senior Vice President of the Direct Finance Group at AIGCAF…
A.W. Chesterton Expands Distribution Territory
Valve Automation & Controls (VAC), a W&O company and provider of fluid control solutions to the industrial, water, wastewater and marine markets, announced the expansion of its distribution territory with Chesterton to include Los Angeles and San Diego. Founded in 1884, Chesterton is a manufacturer of fluid sealing products, coatings, cleaners, lubricants and specialty products. Its products meet EPA Clean Air Act emissions requirements for sealing devices…
Relief Goods Delivered in The Philippines
Around 120 families in Batbatan and Maniguin Islands in Culasi, Antique received three sacks of rice and four boxes of assorted dry goods as volunteers from seven different groups conducted relief and medical mission. The group was composed of the personnel from Coast Guard Station (CGS) Caticlan, Boracay Tourist Action Center, Red Cross, Fish Eye Dive Shop, Boracay Kite Center, Trivial Kite Boracay…
NATO Counter-piracy Frigate Boards Pirate Skiff
NATO’s counter-piracy Operation Ocean Sheild warship UPS Hetman Sagaidachny of Ukraine boarded a skiff with seven suspected pirates aboard in the Internationally Recommended Transit Corridor (IRTC). As the Ukrainian boarding team approached, the skiff tried to escape and suspected pirates were observed throwing weapons overboard, including AK-47 assault rifles. The skiff had 16 barrels of fuel and multiple outboard engines characteristic of a pirate action group.
Somali Pirates Sentenced for the Murder of Four Americans
Somali nationals Ahmed Muse Salad, a/k/a “Afmagalo,” 27, Abukar Osman Beyle, 33, and Shani Nurani Shiekh Abrar, 31, who were previously found guilty of piracy, murder…
FEMCO Contracts Havyard for Ice Breaker Newbuild
Havyard has been commissioned to design and build an ice breaker vessel for Russian shipping company FEMCO, to be designed by Havyard Design & Solutions in Fosnavaag, Norway and is going to be constructed at Havyard Ship Technology`s shipyard in Leirvik in Sogn, Norway. The vessel will become newbuild no.122 and is due to be delivered in September 2015. The Russian shipping company has also secured an option for the construction of one further Havyard 843 Ice.
Drew Marine Sold on to The Jordan Company by J.F. Lehman
Leading middle-market private equity firm focused on the maritime, defense and aerospace sectors, J.F. Lehman, has sold its portfolio company Drew Marine to affiliates of The Jordan Company.
Greenpeace NZ Try to Impede Deep-water Drill Ship Operation
Noble Corporation, contracted to Texan petroleum company, is preparing to drill one of New Zealand's deepest ever exploratory wells in the Taranaki Basin with its drill-ship 'Noble Bob Douglas'. Protesters have admitted they cannot stop drilling off the coast of New Zealand, but intend to make it difficult for them, reports TVNZ News. The Greenpeace NZ blog informs: "... the calm of our peaceful flotilla was broken.
WSS Director Addresses CLIA Forum on 'Navigating Change'
Andrew Sheriff, Business Director Safety at Wilhelmsen Ships Service (WSS) spoke to leading cruise industry representatives at the recent CLIA Leadership Forum in Miami, explaining what drives his team when it comes to continuously developing its portfolio. During his presentation “Navigating Change - Innovation on equipment and life cycle”, Sheriff offered views on innovation from a supplier’s perspective.
Aker Philadelphia Lay Keel of Second SeaRiver Tankship
Aker Philadelphia Shipyard, Inc. (APSI) has held a ceremonial keel laying for the second of two Aframax tankers that it is building for SeaRiver Maritime, Inc., a Exxon Mobil Corporation’s U.S. marine affiliate. When completed in 2014, the Liberty-Class vessels will be 820 feet long and be capable of carrying 115,000 tons of crude oil. The tankers are intended to be used to transport Alaskan North Slope crude oil from Prince William Sound to the U.S. West Coast.
Navy Shipbuilding: U.S. GAO on Getting Things Right
A recent report US Government Audit Office (GAO) report, mandated by the House, discussed amongst other issues: (1) quality problems in constructing recently delivered ships and Navy actions to improve quality and (2) key practices employed by leading commercial ship buyers and shipbuilders to ensure quality and how these compared with Navy practices. The Navy has experienced significant quality problems with several ship classes over the past several years.
French CO2 Emissions Requirement 'Slipped Under the Radar' – ICS
The International Chamber of Shipping (ICS) has written to the French Government to raise concerns about a new requirement for foreign shipowners to provide information…
Bareboat Charterers FSL Share Trading Suspended
Singapore's First Ship Lease Trust (FSL Trust) has announced the suspension of trading in its shares pending an announcement to clarify lenders' position in relation to a covenant waiver or relaxation for 30 September 2013. First Ship Lease Trust ("FSL Trust") was constituted as a business trust in Singapore on 19 March 2007 under the Business Trusts Act and listed on the main board of the Singapore Exchange Securities Trading Limited on 27 March 2007.
Intergraph Introduce Smart™ 3D 2014 Design Software
Smart™ 3D 2014 is a new single solution created from the consolidation of SmartPlant® 3D, SmartMarine® 3D and SmartPlant 3D Materials Handling Edition. Smart 3D 2014 builds upon Intergraph's Smart 3D technology architecture, say Integraph, to increase quality, interoperability and productivity for clients in the plant, offshore, shipbuilding, metals, mining and bulk material handing industries to have even greater workforce flexibility.
Regal Beloit Finalize Cemp Acquisition
US-based manufacturer of electric motors, mechanical and electrical motion controls and power generation products, Regal Beloit, has closed on the acquisition of Cemp, s.r.l., a European manufacturer of hazardous duty motors primarily for oil and gas and marine applications. Regal inform that for 2014 and 2015, Cemp is anticipated to be accretive to earnings per share by $0.03 to $0.05 and $0.06 to $0.08, respectively.
P&I Club Analysis Warns of False Sense of Navigational Security
The London P&I Club says that a recent analysis of collision cases has highlighted the effect complacency has on casualties. The club recently undertook a ‘root cause’ analysis of collision cases, which concluded that the majority could be categorised as human error, with complacency often a significant contributing factor. In the latest issue of its 'StopLoss Bulletin', it cites the case of a bulk carrier which was approaching the end of a Traffic Separation Scheme.
Houston Ship Channel Security District Mission Publicized
During the annual meeting of the Houston Ship Channel Security District (HSCSD) November 21, 2013, public safety, homeland security and police agencies will display infrastructure and equipment funded by the HSCSD used to mitigate threats and protect the Houston Ship Channel. Harris County Sheriff's Office, Houston Police Department and U.S. Coast Guard - Houston-Galveston and other agencies will…
Tidewater Elects Industry Notable, Robert L. Potter, to Board
OSV fleet owners Tidewater have elected the recently retired President of FMC Technologies, Robert L. Potter to join its Board of Directors for a term beginning December 1, 2013 and expiring in July 2014. Robert L. Potter will retire from his position as President of FMC Technologies, Inc. on November 30, 2013, a position he has held since August 2012, following 40 years of service with the company. Mr. Potter joined FMC Technologies in 1973 after his graduation from Rice University.
Crowley Maritime Scoops the Pool of 2013 CSA Achievement Awards
During the tenth-annual Chamber of Shipping of America (CSA) awards ceremony held in Washington DC , Crowley Maritime Corporation was awarded with 100 Certificates of Environmental Achievement for 2013 – more than any other company in the running. The certificates were awarded to Crowley-owned and operated vessels for having worked at least two consecutive years without an environmental incident. Additionally…