Stolt-Nielsen Completes Bond Issues
Stolt-Nielsen Limited announced today the successful placement of senior unsecured bonds in a total amount of NOK 1,250 million (approximately $207 million USD) in a new seven-year bond issue carrying a coupon of 3m Nibor + 3.35%. The settlement date for the new bonds is expected to be March 18, 2014 and the maturity date for the new seven-year bond issue is expected to be March 18, 2021. An application will be made for listing the bonds on the Oslo Stock Exchange as soon as possible.
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.
Zhurbenko Named DA-Desk Agency Relationship Manager
DA-Desk, an independent provider of port cost management services, today announced the promotion of Anna Zhurbenko to Agency Relationship Manager, replacing the retiring head of the department, Bert Hoogenboom. Zhurbenko, who has been with DA-Desk since 2011, was formerly Assistant Operations Manager. In her new capacity, Zhurbenko will focus foremost on developing new services designed to provide value to agents and owners/operators alike.
W&O Expands Engineered Solutions Team
W&O, a global supplier to the marine and marine offshore markets for pipe, valves and fittings, valve automation and engineered solutions, announced the expansion of its Engineered Solutions team. John Catanzaro and Marc Lagattuta have joined W&O to provide its customers and OEM partners with an exceptional level of service as the company further develops its Engineered Solutions portfolio. “W&O is continually evolving…
RINA Granted Danish LNG Fuel Authority
International classification society RINA has been authorized by the Danish Maritime Authority to act on its behalf to carry out plan approval and surveillance during construction on board ships using LNG as marine fuel. The authorization is valid for ships flying the Danish Flag. Andrea Cogliolo, head of innovation, RINA Services, said, “This authorization recognizes RINA’s expertise with gas and…
Bouchard Names Glas VP of Regulatory Affairs
American independently owned oceangoing petroleum barge company, Bouchard Transportation, has promoted Captain Robert W. Glas to Vice-President of Regulatory Affairs. Captain Glas will interact with regulatory committees and trade organizations on behalf of Bouchard Transportation Co, Inc., reporting directly to the Executive Vice President, Michael S. Brady. Captain Glas has been with Bouchard Transportation Co., Inc.
Smugglers Found Guilty in Death of Coastguardsmen
The U.S. Coast Guard released Friday the Final Action Memorandum of an administrative investigation into the death of Senior Chief Terrell Horne, III during a law enforcement mission on December 2…
Acclaimed Launches EPOCH for OMM
Software specialists The Acclaimed Software Company Ltd. announced the development of EPOCH , a marine management system on behalf of Offshore Marine Management Limited (OMM).
SFL Acquires 7 Containerships with Long-term Charters
Ship Finance International Limited (SFL) announced that it has agreed to acquire seven 4,100 teu container vessels built in 2002 in combination with long-term charters…
Land Joins WHOI as General Counsel, VP for Legal Affairs
The Woods Hole Oceanographic Institution (WHOI) has appointed Christopher Land to be its General Counsel and Vice President for Legal Affairs. Land assumes his post on March 3. As general counsel, Land will provide advice, opinions and representation on all areas of law affecting the Institution. Among his duties will be engaging in Institution strategy and business development; providing counsel and…
Sailor Rescued from HMAS Armidale
Following a combined operation yesterday involving a range of government and private agencies, a Royal Australian Navy sailor is now resting in hospital in Broome…
DSTO, Lockheed Martin Form Research Collaboration
The Defense Science and Technology Organization (DSTO) and Lockheed Martin Australia have signed a new strategic alliance to collaborate on a range of technologies for strengthening defense and national security. The agreement was signed for DSTO by the Chief Defence Scientist Dr. Alex Zelinsky and for Lockheed Martin Australia by Chief Executive Raydon Gates. “This ten year agreement with Lockheed…
Short-Sea Shippers Warn of New EPA Rules' Unintended Consequences
A new well-intentioned maritime fuel regulation from the Environmental Protection Agency (EPA) is poised to crowd roads and increase onshore air pollution, maintain shipping industry leaders Rod Jones and Bill Terry, President and CEO of the CSL Group and of Eagle Rock Aggregates, respectively. They explain that the rule requires the use of high-cost, ultra-low sulfur fuels in ships operating within the 200 nautical mile (nm) boundary of the North American Emission Control Area (ECA).
India Maritime Pilots to Train on BMT Simulator
BMT Consultants India (BMT), a subsidiary of BMT Group Ltd, the international maritime design, engineering and risk management consultancy, says it has partnered with Bibby Ship Management to deliver training for marine pilots. Based at Bibbys state of the art training centre at St Xaviers Technical Institute in Mumbai, the new partnership will utilise BMTs REMBRANDT marine manoeuvring simulator.
Transportation & Logistics CEOs More Optimistic: New Report
According to a recent report from PwC, transportation & logistics, CEOs are more optimistic this year compared to last despite having some big worries, like transport infrastructure readiness. Theyre currently focusing on developing a strong workforce, where they need it, but talent strategies will need to keep up and theyre improving their environmental footprint too. PwC recently released the transportation & logistics sector findings from the 17th Annual Global CEO Survey.
HII Graduate 137 Shipbuilding Apprentices
Huntington Ingalls Industries hosted commencement exercises for the company's Apprentice School at Newport News Shipbuilding. The graduation, held at the Liberty Baptist Church Worship Center in Hampton, celebrated 137 apprentices representing 18 trades and four advanced programs. Danny Hunley, vice president of operations at Newport News and an Apprentice School graduate, served as the keynote speaker.
Seafarers Gain ILO Minimum Wage Increase
ITF representatives met with maritime employer representatives from the International Shipping Federation (ISF) at the ILO recently for discussions. The sub-committee on wages of seafarers of the joint maritime commission agreed to increase the ILO monthly minimum wage from USD585 to USD592 from 1 January 2015. On 1 January 2016, this will increase to USD614. Henrik Berlau, national secretary of Denmark’s Fagligt Faelles Forbund (3F), was one of the ITF representatives in attendance.
Crowley Maritime Tugs Deliver Massive Semi-Submersible
Crowley Maritime Corp. inform that its ocean class tugs have successfully delivered oversized, overweight equipment – comprised of topsides, tendons, piles and more – that are now part of a massive semi-submersible floating production facility located in the U.S. Gulf, approximately 280 miles south of New Orleans, La. Working alongside the tugs were Crowley’s 455 series high-deck-strength barges, which carried much of the equipment as it was towed offshore.
Raytheon Get US$35-Million Navy LCS Sonar Contract
Raytheon Company says it is to provide the U.S. Navy with AN/AQS-20A minehunting sonar systems and equipment. The system leverages advanced sonar technologies to support the Navy's critical minehunting missions, ensuring safe access and passage for military and civilian vessels on the world's oceans and waterways. Deployed from the Littoral Combat Ship (LCS) as the variable depth sonar for the AN/WLD-1 Remote Minehunting System (RMS)…
Asia-Middle East/India Cargo Growth Poor in Q4 2013: Analysts
Cargo growth between Asia and the Middle East/Indian Subcontinent region was poor in 4Q 13, indicating that ocean carriers need to seek economies of scale and to look for more profitable ways of serving the trade lane, finds Drewry's latest Container Insight Weekly in a trade route analysis. Cargo shipped from Asia to the Indian Subcontinent (ISC) and Middle East region (including the Red Sea) averaged 502…