VEEM Appoints SAIM Gyro Range Sales Agent
Following the signing of a memorandum of understanding (MOU) earlier this year, VEEM Ltd. has now agreed territories and principle responsibilities with the Italian marine equipment distributor SAIM Group. SAIM Group will be responsible for increasing awareness of the Australian engineering firm’s latest developments in gyro stabilization technology, whilst driving sales of the latest VEEM Gyro products across Central Europe.
Knudsen Named Pesident, Rolls-Royce Offshore
Rolls-Royce has appointed John Knudsen as President - Offshore, in its Marine business. Knudsen will transition into his new role through January 2014. Mr. Knudsen is currently President of Bergen Engines AS. He has had a key role in transforming Bergen Engines during the divestment from Rolls-Royce Marine and integrating it into the Tognum Group. Tognum AG is a joint venture of Rolls-Royce and Daimler.
New Canadian Tugboat Protected with Ecospeed
When it came to the hull coating for its newest tug, the TundRA 100, the most powerful harbor tug ever to be built in Canada, Group Ocean chose Ecospeed, a nontoxic, hard, long-lasting coating with very high abrasion resistance, suited to tugs and to ice-going vessels of all types. Ocean began life as Aqua-Marine, founded by the company’s present President, Gordon Bain, in 1972 and specializing in underwater work. In 1987 the company evolved into Ocean Construction Inc.
Dubai Maritime City Partners with Norwegian Salmon Company
Maritime cluster Dubai Maritime City has announced its partnership with SalMar ASA, a Norwegian salmon farming company. The Dubai Cooperative Society for Fishermen, a Dubai government entity is supporting the new partnership. The venture is reportedly a "first-of-its-kind" in Dubai and proposes to build a state-of-the-art salmon house in the Emirate. Dubai Maritime City (DMC) has been supporting the specific needs of Fishermen collaboratively with the Dubai Cooperative Society for Fishermen.
Tug Sinks Spills Oil Fuel, Upper Mississippi River Section Closed
The 144-foot towboat 'Stephen L. Colby ' struck a submerged object near LeClaire and sank. At the time of the sinking, nine crewmembers were aboard and all were able to make it to safety…
When Will New Arctic Maritime Crossroad Open?
Rear Adm. Jon White, Oceanographer & Navigator of the Navy, Director Task Force Climate Change, was tasked by the Chief of Naval Operations (CNO) Adm. Jonathan Greenert to provide an unambiguous assessment of how ice coverage will change in the Arctic and how human activity in the Arctic will change in response to decreased ice coverage and other factors. "The loss of seasonal sea ice in the Arctic will have ramifications for the U.S.
European Container Ship Owners Under EU Fair Competition Spotlight
The European Commission has opened formal antitrust proceedings against several container liner shipping companies to investigate whether they engaged in concerted practices, in breach of EU antitrust rules. The news comes at a less than fortunate time for the three largest European container shipping companies, Maersk Line, MSC and CMA CGM, who currently have an application for collaboration between them lodged before fair competition authorities in the EU, U.S. and China .
World Shipping (China) Summit 2013 Hosted by HK Company
"World Shipping (China) Summit 2013" held in Ningbo, focused on the theme 'Responding to New Realities' with Hong Kong-based terminal & shipping group China Merchants Holdings International Co. (CMHI) acting as its special sponsor in conjunction with COSCO. The summit, whose members were not precisely identified in news released of the meeting, addressed special concerns on the impact caused by China's economic restructure of the shipping industry…
Lost NZ Ferry Propeller Found 120m Down in Cook Strait
The propeller had been lost earlier this month from the Interislander ferry, the 'Aratere', which is expected to be out of service for 6 months as a result, but the propeller has now been found in Cook Strait by Seawork Salvage Co., contracted by KiwiRail, reports Radio New Zealand. The propeller was discovered about two nautical miles from Tory Channel, by using sonar equipment and an unmanned vehicle.
Tognum Ground-break New A-P Singapore HQ
Tognum's new enlarged Asia-Pacific headquarters in Singapore will consolidate the areas of application engineering, sales and service support, distribution management, marketing and communications under one roof, bringing together all business functions and over 300 staff members into one new facility. In 1974, MTU, a Tognum brand, chose Singapore to be its home in Asia and since this time, the country has become an intrinsic part of Tognum’s regional corporate DNA.
USS George Washington Replaced in Philippine Relief Effort
Dock landing ships 'USS Ashland' (LSD-48) and 'USS Germantown' (LSD-42) have replaced aircraft carrier 'USS George Washington', in the concerted efforts to extend relief efforts to typhoon victims in the Visayas region of the Philippines. Ashland and Germantown have aboard a combined total of approximately 900 Marines, elements of the 31st Marine Expeditionary Unit, based in Okinawa, Japan. "Having amphibious ships here…
East China Sea Storm: Two Ships Sink, 26 Missing
Altogether 26 people are missing after two ships sank in separate incidents off the coast of east China's Shandong Province, reports Xinhua. Strong gales were forecast off Shandong, when twelve people were confirmed missing after the ship "XINGLONGZHOU65", registered in east China's Zhejiang Province, sank off Yantai City report Xinhua citing the Yantai Maritime Bureau. Another cargo ship sank off Weihai City and 14 people are reported missing…
Crowley to Build Revolutionary LNG-Powered ConRo Ships for U.S. – Puerto Rico Trade
Commitment Class Jones-Act Ships to Offer Lower Emissions; Increased Speed, Reliability and Capacity, and Optimized Vehicle Shipping Decks. The next chapter in Crowley’s storied history of shipping and logistics services between the United States mainland and Puerto Rico will be written with larger, faster and environmentally-friendly liquefied natural gas (LNG)-powered, combination container – Roll-On/Roll-Off (ConRo) ships.
Matson Increases Westbound Hawaii Service Rates
Matson, Inc., a U.S. carrier in the Pacific, announced today that Matson Navigation Company, Inc. will raise its rates for the company's Hawaii service by $175 per…
Cooperative Effort Promotes Mississippi River Economics
Officials with the World Trade Center Mississippi River Alliance (WTC MSRA) and the Big River Coalition (BRC) have signed a Memorandum of Understanding outlining…
Shell Donates Toward Philippine Typhoon Re-building Program
Royal Dutch Shell plc is donating US$2.5 million, in response to the catastrophic typhoon Haiyan that struck the Philippines. The donation from the Shell Group will…
UK's Huge Atlantic Array Wind Farm Project Dropped
Developer RWE Innogy is pulling the plug on the 240-turbine Atlantic Array project, report BBC News citing a Department of Energy and Climate Change (DECC) source. The 222m (721ft) tall turbines, planned to be situated in an area 200 sq km, (77 sq miles) about 16.5km (10 miles) from the north Devon coast, 22.5km (14 miles) from south Wales coast and 13.5km (8 miles) from Lundy Island nature reserve, would be capable of producing enough electricity for up to 900,000 homes.
Seadrill Q3 2013 Profit Slips Marginally
In its third quarter 2013 financial report, Seadrill states consolidated revenues were US$1,280 million compared to $1,268 million in the second quarter of 2013, and operating profit for the quarter was US$471 million compared to US$507 million in the preceding quarter. Seadrill explains that the decrease in operating profit is a result of higher operating expenses due to new rigs entering the fleet and higher general and administrative expenses due to the consolidation of Sevan Drilling.
Iran Trade Sanction Relaxation: Limited Effect on Crude Prices Consider Analysts
Iran’s pledge to restrict nuclear work in return for loosened economic sanctions may have a limited effect on crude prices, report Bloomberg, citing analysts who…
KNOT Offshore Partners Profitable in Q3 2013
Shuttle tankship owners and operators KNOT Offshore Partners report net income of $6.4 million and operating income of $9.4 million for the third quarter of 2013, as compared to net income of $0.2 million and operating income of $9.1 million for the same period in the prior year. On November 14, 2013, KNOT Offshore Partners paid a quarterly distribution of $0.4350 per unit with respect to the quarter ended September 30, 2013.