Teekay Offshore Issues $53.4 Million Equity Private Placement
Teekay Offshore GP LLC., the general partner of Teekay Offshore Partners L.P. announced that it has agreed to issue 1.75 million common units in a private placement…
Euronav NV: Conversion of Convertible Bonds Issued in 2013
Euronav NV announces that on December 19, 2013 its share capital was increased following the exercise of the conversion option of 64 convertible bonds issued in 2013 and maturing in 2018.
Oleum Enters West Africa as Physical Bunker Supplier
Oleum DWC-LLC is a new physical supplier focussing on supply of marine fuel and gas-oil offshore the West African coastline. All products; 380 cst, 180 cst and MGO are meeting full ISO:2010 specifications. “We will be operating a 'one-stop-shop' and we have full control of the entire supply chain. Oleum will control every aspect of the operation, from the sourcing and loading of our cargo to the actual delivery to the end user.
Commissioner Doyle: China Clarifies VAT
Last week Commissioner William P. Doyle of the Federal Maritime Commission (FMC) briefed the full Commission with a report on his work seeking clarity and certainty on the People’s Republic of China’s (PRC’s) implementation of the Value Added Tax (VAT) as it relates to maritime commerce. Doyle informed the Commission that the Chinese government was expected to clarify its position on the VAT that has confused the shipper and carrier communities.
Wicker: NDAA Bill Pursues Balanced Naval Force
U.S. Senator Roger Wicker, R-Miss., a senior member of the Senate Committee on Armed Services, has voted in favor of the FY2014 National Defense Authorization Act (NDAA). The legislation authorizes $625.1 billion in funding for America’s national defense. “Funding our military and defense operations is essential to the safety and security of every American,” Wicker said. Wicker included a provision to ensure that the Navy pursues a balanced force structure.
Ichthys LNG Facility to Use Light Structures Monitoring Solution
Light Structures, a global technology company for fiber optic monitoring and analysis systems, has won the contract to provide the Load & Fatigue Monitoring Solution…
New Report Examines MOL Comfort Casualty
Following the loss of the container vessel MOL Comfort on June 17, 2013, ClassNK established a special Casualty Investigation Team in order to investigate and determine the cause of the casualty. Japan’s Ministry of Land, Infrastructure, Transport and Tourism (MLIT) further established a Committee on Large Container Ship Safety to develop measures to ensure the safety of large container vessels on August 29, 2013.
Hempel Blue Series Launched in India
A new range of protective coatings, the Blue Series offers customers advanced Hempel technology at a competitive price. Launched in India in September this year…
Today in U.S. Naval History: December 20
Today in U.S. 1822 - Congress authorizes the 14-ship West Indies Squadron to suppress piracy in the Caribbean. 1941 - Admiral Ernest J. King designated Commander-in-Chief, United States Fleet in charge of all operating naval fleets and coastal frontier forces, reporting directly to the President. 1964 - USS Richard E. Kraus (DD-849) completes a successful emergency mission in aiding the disabled American Merchant Ship, SS Oceanic Spray in the Red Sea.
Fuel Removed from Sunken Fishing Vessel
The U.S. Coast Guard hired a contractor Thursday to remove the remaining fuel and hazardous substances that may be aboard the sunken commercial fishing vessel Lady Eva in Shem Creek…
Six Rescued from Sunken Barge, Five Still Missing
Around 8 a.m. (Singapore time) on December 19, 2013, the Maritime and Port Authority of Singapore (MPA) received a report that a life raft with people onboard had…
Indian Sailors Released from Togo
The Union Minister of Shipping Shri G.K. Vasan said Indian sailors, Capt. Sunil James and Shri Andi Vijayan, have been released from West African country Togo. The…
USCG Seeks Comments on Overhead Clearance Accidents
The U.S. Coast Guard, in the Code of Federal Regulations, has called for public comment on a petition that requests the Coast Guard to initiate a rulemaking to address…
Diamonds—and Shipping—in Antarctica
Kimberlite deposits, igneous rock formations often containing diamonds, have been discovered in Antarctica, according to a report by Nature Communications. And though no diamonds have been discovered…
MARPOL Reception Facility Inadequacies
In recent months, the Coast Guard received complaints alleging that certain waterfront facilities within the Sector Houston-Galveston area of responsibility are…
Newport News Shipbuilding Gives Back to Hampton Roads
Huntington Ingalls Industries (HII) announced that its Newport News Shipbuilding (NNS) division lent support to the community by participating in three area charitable events. Shipbuilders donated nearly 20,000 school supplies to benefit an estimated 1,000 area students, contributed $2 million to the United Way of the Virginia Peninsula, and recently delivered more than 20 metric tons of non-perishable food--five tons heavier than an anchor on the aircraft carrier Gerald R.
Intelsat to DoD: Multiyear Satcom Contracts Reduce Costs
The National Defense Authorization Act (NDAA) directs the Department of Defense to move toward multiyear leases and hosted payloads to acquire commercial satellite capacity and services.
Resolve Maritime Academy Opens Engine Room Simulator
Resolve Maritime Academy recently completed its installation of Transas engine room simulator platform, the ERS 5000 TechSim. As part of the Academy’s Simulation Training Center in Fort Lauderdale, Florida, the engine room has booked classes for January 2014. The ERS 5000 TechSim has allowed Resolve Maritime Academy to expand its course offerings to engineers from all sectors of the maritime industry including the offshore, tanker and cruise sectors.
LDD Awarded Liverpool 2 Terminal Work
Large Diameter Drilling (LDD), an Acteon company, has won a contract to supply drilling equipment and personnel for the delivery of foundation installation services at Liverpool 2, the new deepwater container terminal for the U.K. port. The contract is part of a major initiative to expand Liverpool’s dock area and to improve local infrastructure; the new terminal will more than double the number of containers handled in the North West of England.
Navigator Declares Further Newbuilds
Navigator Holdings Ltd. today announced that it has exercised its last remaining option to construct a 22,000 cubic meter gas carrier at Jiangnan Shipyard (Group) Co Ltd.