Shipbuilder OSX Brasil Restructuring Plan Suspended by Court
Reuters – A Brazilian court has suspended the deadline for shipbuilder OSX Brasil SA to present its restructuring plan under bankruptcy legislation until a new judge is appointed to the case…
Upcoming HII Apprentice School Graduation
Huntington Ingalls Industries informs it will host commencement exercises for The Apprentice School's graduating class of 2013. Danny Hunley, Newport News Shipbuilding's vice president of operations and Apprentice School graduate, will provide the keynote address on Saturday, 29, February 2014. The Apprentice School accepts about 250 apprentices per year. The school offers four- to eight-year, tuition-free apprenticeships in 19 trades and eight optional advanced programs.
MacGregor Acquires Norwegian Offshore Lifting Firm
MacGregor, part of Cargotec, says it has acquired Norwegian privately-owned Deep Water Solutions AS, a company specialising in lifting applications utilising electric multi-drive technology. "Customer requirements for environmentally friendly solutions are increasing in offshore load handling applications, such as subsea cranes, module handling and LARS (launch and recovery) systems and having Deep…
Indian Navy Chief Resigns After Submarine Fire
Indian Navy chief Admiral D.K. Joshi resigned from his position, hours after a submarine mishap off Mumbai coast in which seven sailors were injured and two officers went missing, reports Xinhua. The Indian Defense Ministry has accepted the resignation of 59- year-old Admiral Doshi, the first military chief to quit taking moral responsibility of a spate of mishaps involving Indian Navy warships and submarines in the past few months.
Price-Fixing Chilean Shipping Firm Fined US$8.9-Million
Reuters – Chilean shipping firm Compania Sudamericana de Vapores has agreed to plead guilty to a price-fixing conspiracy and pay an $8.9 million criminal fine to the U.S. government, the U.S.
Huntington Ingalls Industries 2013 Revenues Increased
Huntington Ingalls Industries reports Fourth Quarter & Year 2013 financial results with increased revenues in each period. Segment operating income in the fourth quarter was $169 million, compared to $140 million in the same period last year, mainly driven by improved contract performance. Total operating income for the quarter was $174 million, compared to $106 million in the same period of 2012.
Singapore Offshore Firm Rides Crest of 2013 Financial Wave
Singapore's Swiber Holdings, a construction and support services provider to the offshore oil and gas industry, reported that it has achieved record revenue and net profit for the second consecutive year-running for the full year ended December 31, 2013. Revenue rose 11.2% to hit US$1.1 billion from US$952.2 million for the full year ended December 31, 2012. The Group’s topline was driven by a 75.3%…
Coast Guard Foundation to Honor 8th District at Upcoming Event
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that its 21st Annual Tribute to the United States Coast Guard Eighth District will take place on Friday, March 14, 2014 in New Orleans, Louisiana. Admiral Robert J. Papp, commandant, U.S. Coast Guard and his wife, Linda Papp, will speak at the event.
Obama US$320-B Multimodal Freight Grant Proposal Welcomed
Welcoming the proposal, the Coalition for America’s Gateways and Trade Corridors (CAGTC) says it applauds the Administration’s vision for improving the multimodal freight network to support American businesses and national competitiveness in the world marketplace. CAGTC inform that President Obama has unveiled an outline for his Administration’s first-ever surface transportation authorization proposal…
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.
FMC Grants PVO Reimbursement Decrease
The Federal Maritime Commission (FMC) granted a passenger vessel operator a decrease in the amount of financial responsibility it is required to maintain to reimburse passengers when an operator fails to perform cruises as contracted. The Federal Maritime Commission has granted the request of a passenger vessel operator (PVO) for partial relief from its financial responsibility requirements used to reimburse passengers when a PVO fails to perform cruises as contracted.
Survey Guidelines Bring US Closer to Atlantic Oil Reseves
The Obama administration on Thursday laid out a framework for assessing the amount of crude off the Atlantic coast, another step toward possibly allowing oil production…
On Patrol with the U.S. Coast Guard
Building programs continue, spanning the full range of missions, despite budget concerns. Amidst all the talk of Beltway budget cutbacks and sequestration, the U.S. Coast Guard is quietly investing approximately $30 billion in major acquisition projects to modernize its physical assets. The process of recapitalizing these older and difficult-to-maintain assets has never been an easy task, and the Coast Guard has seen its share of bumps along the way.
Is Your Crew Really Prepared?
If you think training is expensive; try ignorance. In the ensuing years following the Exxon Valdez disaster, the maritime industry has made great strides in training mariners to prepare for, respond to and mitigate a multitude of emergencies aboard vessels. For example, the environmental performance of the marine industry itself has all but eliminated much of the oil that formerly entered the water through marine error or equipment failures.
Russian Spy Ship Makes Surprise Visit to Havana
A Russian spy ship slipped into Havana Bay for an unannounced visit during a period of turmoil in Ukraine and displays of military strength elsewhere in the world. The Viktor Leonov SSV-175, part of the Vishnya class of intelligence ships, quietly entered Cuban waters earlier this week and was docked at a cruise ship terminal on Thursday, its crew casually taking in the view of the old colonial section of the Cuban capital as passers-by gawked.
Transocean Estimates 18-24 Months to Recovery
Reuters - Transocean Ltd, owner of the world's largest offshore drilling fleet, said it could take up to 18-24 months for demand to recover as customers delay drilling programs.
Today in U.S. Naval History: February 27
Today in U.S. 1973 - First airborne mine sweep in a live minefield took place in the Haiphong, Vietnam ship channel by helicopters from Helicopter Mine Countermeasures…
Fire Onboard Australian Navy Submarine
HMAS Waller, one of the Royal Australian Navy’s submarines, experienced a fire whilst on the surface off the West Australian coast. Emergency response actions were taken to extinguish the fire.
BOEM Opens Door to Assess Atlantic Oil Reserves
Reuters - The U.S. offshore drilling regulator on Thursday laid out potential mitigation measures companies may need to take to carry out seismic testing off the Atlantic coast to gauge oil reserves.
O’Reilly Named Troy Line Expert Supervisor
Troy Container Line Ltd., one of the largest American-owned NVOCCs, today announced the promotion of Leeanne O’Reilly to Export Supervisor at Troy Container Line. Based in the company’s Red Bank, N.J. office, O’Reilly will oversee the unification of the FCL and LCL Export departments. In this position, she will work closely with the sales team to ensure the superior customer service the company is known for…