OMM Reports Wind Farm Guard Vessel Business Boom
UK-based Offshore Marine Management (OMM) say that its Guard Vessels business has shown a strong performance in 2013 with 4,728 vessel management days recorded and a number of key industry relationships forged. The company informs it has been working closely with its vessel partner has provided guard vessels for a number of high profile wind farm interconnectors, including Borwin 2, Helwin 1, Dolwin 1 and Sylwin 1.
Maritime Lawyer Elvey Returns to London After Lengthy Posting
Ince & Co. partner Jonathan Elvey, who was head of the law firm's Piraeus office, has returned to the London office after spending 17 years advising clients at the heart of the Greek shipping market as head of the Piraeus office. Partner Nick Shepherd, who spent five years in Greece in the 1990s and returned to Piraeus in 2010, takes on the role of head of the office. Ince inform that In 2013 their Piraeus office celebrated its 20th anniversary, having grown in size over time to 35 people.
Global Ship Lease Further De-Levers in Q4 2013
Containership charter owners, Global Ship Lease, Inc. Ian Webber, Chief Executive Officer of Global Ship Lease, stated, "In the fourth quarter of 2013, we once again benefitted from our strong contract coverage, which resulted in fleet utilization of more than 99% and Adjusted EBITDA of $22.9 million. Our stable cashflow generation enabled us to further de-lever our balance sheet during the fourth quarter, repaying debt in the amount of $17.9 million.
New Corpus Christi Oil Loading Dock Sees First Tankship
NuStar Energy says it has completed construction of a private marine loading dock at its North Beach Terminal in Corpus Christi, Texas, and has its first ship at the dock to be loaded with crude oil.
Clarksons Chairman to Step Down
Clarksons say that Philip Green has decided to step down as chairman of Clarksons in order to focus on his other responsibilities. His resignation from the board will take effect from the AGM on 9 May. Bob Benton, chairman until last year, will remain a non- executive board member and assume the role of interim Chairman with effect from the next Board meeting on 6 March 2014. Since Philip's appointment…
Wärtsilä Sign Van Oord Parts & Service Agreement
Wärtsilä and Van Oord, the Netherlands-based contractor for dredging and offshore projects, have entered into an exclusive partnership for all field service and parts supply. The agreement covers preventive and corrective engine maintenance by Wärtsilä on Van Oord's fleet of dredging and other vessels. The contract has a total value of EUR 30 - 40 million over three years. The framework agreement will enable both parties to plan the required service work well in advance…
Chemical Weapons Destruction Ship Arrives Spain
The 'MV Cape Ray' has arrived at Rota, Spain, for a port visit while en route to aid in removal of Syrian chemical materials, Pentagon spokesman Army Col. Steve Warren informs the American Forces Press Service. The vessel -- part of the Transportation Department Maritime Administration's Ready Reserve Force program -- left Portsmouth, Va., Jan. 27, 2014. Hundreds of government and contract personnel…
Kvaerner Gets Offshore Spar Topsides Sub-Contract,
Hyundai Heavy Industries (Hyundai) has awarded Kvaerner a sub-contract to provide services for inshore and offshore hook-up and commissioning assistance for the topsides for the Aasta Hansteen spar project. The inshore-work will be carried out at Stord and the offshore scope will be done at the field in the Norwegian Sea 300 km west of Bodø. Kvaerner explain that the inshore work will be carried out…
NATO Missile Defence Beefed Up: US Destroyer Arrives Spain
The stationing of four Arleigh Burke-class guided-missile destroyer at Rota represents a national contribution by the US and Spain to NATO missile defence, enhancing the security of the European region, the Mediterranean Basin and the Atlantic Ocean. The first of the four, USS Donald Cook (DDG 75), has arrived in Rota, Spain from Norfolk Navy Base. Secretary of the Navy Ray Mabus said: "Permanently forward deploying four ships in Rota will enable us to be in the right place…
Canadian Ferry Operators Welcome Government Financial Plan
The Canadian Ferry Operators Association (CFOA) has said it welcomed Prime Minister Harper’s announcement of the framework for the New Building Canada Plan (NBCP). Details were also released on the New Building Canada Fund (NBCF), the $14-billion component of the NBCP that will support infrastructure projects of national, regional and local significance that promote job creation and economic growth.
BIW Joins USCG Cutter Contract Contending Trio
U.S. Senators Susan Collins, a senior member of the Senate Defense Appropriations Subcommittee, and Angus King, a member of the Senate Armed Services Committee, have announced that Bath Iron Works (BIW) has been awarded a preliminary design contract for the U.S. Coast Guard’s Offshore Patrol Cutter (OPC) worth more than $21 million. BIW is now one of three shipyards in contention for the final contract.
Transas Streamlines Marine Management Structure
Transas Group has announced today the appointment of Andrey Belentiev as the Group's Director of the Marine Business Unit. Andrey Belentiev, former Managing Director of Transas (JSC), Russian marine business entity, is now in charge of the Transas marine business worldwide. Centralized strategic governance, technology development and financial management will contribute to a better overall performance of the Transas Group and its marine business.
Lakes Coal Trade Well Below Long Term Average
According to data compiled by the Lake Carriers’ Association, coal shipments on the Great Lakes totaled 373,000 tons in January. While the total represents an increase…
Injured Freighter Crewman Medavaced
A U.S. Coast Guard aircrew from Savannah, Ga., medically evacuated a freighter crewman who was injured on the motor vessel New Pacific more than 200 miles east of Atlantic Beach Wednesday.
"Disappointing Fourth Quarter" for Odfjell
Odfjell SE reported that fourth quarter shows EBITDA of $18 million, compared with $17 million in the fourth quarter of 2012. Time-charter results are down 5% compared with last quarter due to lower volume shipped. Impairment of net $76 million recognized related to Odfjell Terminals (Rotterdam) (OTR). Activities slowed somewhat during the fourth quarter, Odfjell said, and combined with significant delays…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
USCG Selects Eastern as OPC Project Finalist
Eastern Shipbuilding Group, Inc. of Panama City, Fla. announced it has been selected as one of the three finalists to design the United States Coast Guard’s new Offshore Patrol Cutters (OPC). In accordance with the terms of the $22 million dollar Phase I finalist award cap, Eastern said it will spend the next 18 months finalizing the engineering and ship design in order to become the final shipyard selected to build the first OPC.
Artificial Lift Relocates to Houston
Artificial Lift Company has moved its headquarters to Houston from Great Yarmouth, United Kingdom, the company’s president and chief executive officer, David Malone, announced. Situated in the Westchase District near the Energy Corridor, the Artificial Lift’s offices and warehouse total 28,000 square feet with 40 employees based at the location. While supporting global operations, its headquarters consist of engineering, manufacturing, operations and general support services.
MacGregor’s New Lashing Bridges Ordered
MacGregor, part of Cargotec, has secured an order for lashing bridges for three 18,000 TEU container ships to be built at Waigaoqiao Shipyard in China. The contract includes the design and fabrication of the lashing bridge steel structure of approx. 5,400 tons, and an option for three further vessels. The new plate type three tier high lashing bridges are a combination of steel profile and plate construction and provide advantages in terms of weight…
ClassNK Joins SOx Scrubber Research
Leading class society ClassNK has announced that it will participate in a new joint development project to install and verify the effectiveness of new Sulfur Oxide…