Ship Recycling Supports Maritime Academies
From office equipment and furniture, to single-family homes, the U.S. Government periodically auctions property it no longer needs. In doing so, it makes money from aging Federal assets that can be used to better serve the American people. So what does the Government do with a 450-ft long, 10,000 ton, federally-owned, commercial ship that has reached the end of its operational life? How do you ensure…
Troy Launches Direct Italy Container Service
Having recently announced improved Genoa to New York import service, Troy Container Line, one of the world’s largest American-owned NVOCCs, continues to meet the…
Larsen Named Director at CLIA
Cruise Lines International Association (CLIA) announced the establishment of a Global Ports Committee as well as new regional committees in the Americas, Australasia and Asia in addition to the regional committee already operating in Europe. CLIA is now focusing more on engaging directly with port communities around the world both on operational and strategic issues. Port partners will now have increased…
Today in U.S. Naval History: February 6
Today in U.S. 1973 - In accordance with the agreement at the Paris Peace Talks, Navy Task Force 78 begins Operation End Sweep, the mine clearance of North Vietnamese waters of mines laid in 1972. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Ocean Safety Equips Latest Svitzer Workboat
The U.K.’s largest independent safety supplier Ocean Safety has delivered a full safety inventory to the new workboat for Svitzer UK, as part of their ongoing contract to supply and support the U.K. fleet. The new workboat Svitzer Leven is currently undergoing sea trials and will be based and operating on the Tees. The workboat, which will be used to collect marine wastage from ships calling at the port, has been manufactured in Southampton by Southampton Marine Services Ltd. at Ocean Quay.
International Shipholding Returns to New Orleans
Louisiana Governor Bobby Jindal and International Shipholding Corp. President Erik L. Johnsen announced the company will relocate its corporate headquarters from Mobile, Ala., to New Orleans, where the business was founded in 1947. Listed on the New York Stock Exchange as ISH, the company owns and operates a global fleet of waterborne cargo vessels. ISH recorded annual revenue of more than $310 million in its just concluded 2013 fiscal year.
General Dynamics Authorizes Share Repurchases
The board of directors of General Dynamics (NYSE: GD) yesterday authorized management to repurchase up to 20 million shares of the company’s issued and outstanding common stock on the open market.
Trelleborg Launches Barometer Report Survey
Trelleborg has launched its regular Barometer Report survey, designed to gather the latest insights and opinions from across the marine industry. Port owners, operators, contractors and consultants are invited to tell Trelleborg about their experience, and enter a free draw to win an iPad. Last years’ report found infrastructure strained as ports struggled to keep up with new developments such as expanding container traffic…
Stork Double Shortlisted for SPE Awards
Stork has been shortlisted for two awards at this year’s SPE Offshore Achievement Awards, including the ‘Safety Innovation’ award for its innovative Extended Breathing Apparatus System (ERBAS) and the ‘Environmentalist’ award for its efficient Sandwash Tank system. Both accolades honour excellence in innovative technological solutions developed in the U.K. for the offshore energy sector. The Safety…
Uniwise Buys NAUTIS Simulator for OSV Training
For training of Offshore Supply Vessel (OSV) activities within their fleet, Uniwise Offshore Thailand purchased a NAUTIS Offshore Supply Vessel Simulator and Instructor Station.
UMW Orders another Jackup Rig from Keppel
Keppel FELS Limited, a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd., for a KFELS B Class jackup rig worth $218 million (USD). It will be the third KFELS B Class jackup rig for UMW Oil & Gas and is scheduled for delivery in 3Q 2015. The first jackup - UMW NAGA 4 - was delivered in February 2013 and the second - UMW NAGA 5 - is expected to be completed by 2Q 2014.
Videotel, Safebridge Boost ECDIS Training
With ECDIS training continuing to be high on the shipping agenda, Videotel, in conjunction with Safebridge, now offers participants an entry into three times as many type-specific ECDIS modules as its nearest competitor. “With constant demands for greater flexibility from crew and STCW requirements calling for proficiency in working with the specific type of ECDIS system found on board, bridge personnel have to ensure they have the right training to work on the equipment they are given…
CH Offshore in 2013 Year-End Financial Doldrums
In their financial statement for the first half ended 31, December 2013, Asia-Pacific offshore AHTS/OSV owners CH Offshore recorded profit after income tax of US$14.099-million, which was 26.8% lower than the profit after income tax of US$19.25 million for the previous corresponding first half ended 31 December 2012 . The following information is extracted from the financial report. As at 31 December 2013, the financial position of the Group remained healthy.