Crowley Maritime Wins Shell Alaska HSSE Award
Crowley Maritime Corporation’s petroleum distribution group in Alaska says it has been recognized by Shell Oil Products US as the 2013 Health, Safety, Security & Environment (HSSE) wholesaler of the year. As Shell’s sole wholesale distributor in Alaska, Crowley faces unique challenges including remote locations, harsh environments, a diverse product and customer base, limited supply options and large fluctuations in seasonal demand.
Carnival Reports Profit Slide in Q1 2014, Outlook Gloomy
Cruise line group Carnival Corporation announced non-GAAP net income of $2 million, or $0.00 diluted EPS for the first quarter of 2014 compared to non-GAAP net income for the first quarter of 2013 of $67 million, or $0.08 diluted EPS. On a constant dollar basis, net revenue yields (net revenue per available lower berth day or “ALBD”) decreased 2.1 percent for 1Q 2014. Gross revenue yields decreased 1.9 percent in current dollars.
Dredging Permits for Bayport & Barbours Cut Expected Soon
Following the recent meeting of the Port Commission of the Port of Houston Authority, the following news items of note were released. The Port Commission approved a $68 million construction contract with Orion Construction L.P. for Bayport and Barbours Cut channel improvements. These significant dredging projects will begin, following issuance of U.S. Army Corps of Engineers permits and approval of its assumption of maintenance of the channels, Executive Director Roger Guenther reported.
Texas City "Y" incident: Latest Update
The Coast Guard informs that it continues clean up operations in the Port of Houston/Galveston after having authorized limited marine traffic in the safety zone for commercial ship traffic, Tuesday. The Port Coordination Team is prioritizing ships for transit through the channel. Barges are being allowed to transit through the Houston Ship Channel and on the Intracoastal Waterway, after assessment teams deemed the channel clear.
Epic Gas Secures Tankship Fleet Expansion Credit
CITIC Maritime Finance says it has provided a $46.4 million senior secured credit facility to Epic Gas Ltd. headquartered in Singapore, which operates a fleet of 40 LPG and petrochemicals tankships. CITIC add that the facility was used to partially finance the acquisition of a fleet of five LPG tankers that includes three newbuildings and two modern gas carriers acquired in the secondary market. Financing from CIT was provided by CIT Bank, the U.S. commercial bank subsidiary of CIT.
BP Refinery Spilling Oil into Lake Michigan
The U.S. Coast Guard and the Environmental Protection Agency are responding to the report of an oil discharge into Lake Michigan from the BP Whiting Refinery in Whiting, Ind. The Coast Guard received a report Monday night from watchstanders the National Response Center of a sheen from an unknown substance discharging from an outflow adjacent to the refinery. Personnel from Coast Guard Marine Safety Unit Chicago and the EPA responded last night and found an area of about 5…
NRC Acquires Specialized Response Solutions
National Response Corporation (NRC), a portfolio company of J.F. Lehman & Company, announced today the completion of the acquisition of Specialized Response Solutions (SRS).
AdvanTec Consolidates PCM Manufacturing
AdvanTec Global Innovations has announced it will consolidate its Pacific Coast Marine (PCM) manufacturing operations into other AdvanTec manufacturing facilities in the United States and Canada…
US Navy Helps Guam FD to Extinguish Blaze
U.S. Navy Sailors and civilian firefighters partnered with the Guam Fire Department (GFD) to extinguish a blaze along Route 17, Cross Island Road, in Santa Rita March 25.
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.
Long Wait Times at Kiel Canal
According to GAC , vessels with LOA over 125m and/or draft more than 6.5m are currently facing waiting times of up to 12 hours at Brunbuettel before entering the Kiel Canal.
Canadian Minister of Industry Visits KOTUG
Canadian Minister of Industry, the Honorable James Moore, visited the KOTUG’s Headquarters and sailed on board of the hybrid Rotortug RT Adriaan, the so-called E-KOTUG, in the Port of Rotterdam. The Prime Minister, Stephen Harper and the Minister of Industry, James Moore of the Government of Canada combined the Nuclear Security Summit in The Hague with a working trip to the Port of Rotterdam. The visit…
Liberia Authorizes Croatian Registry of Shipping
The Liberian Registry has authorized the Croatian Registry of Shipping (CRS) to act on its behalf in connection with the survey, audit, certification and plan-review…
Limited Traffic Authorized at Port of Houston
The U.S. Coast Guard (USCG) has authorized limited marine traffic in the safety zone in the Port of Houston/Galveston for commercial ship traffic, Tuesday. Cleanup operations are still ongoing; however ships are being prioritized for transit by the Port Coordination Team. The USCG said barges are allowed to transit through the Houston Ship Channel and on the Intracoastal Waterway, after assessment teams deemed the channel clear.
CMB 2013 Results Positive, but Weaker than 2012
During its meeting of March 25, 2014, Belgian shipping company CMB’s board of directors approved the final annual accounts as per December 31, 2013. The consolidated result for 2013 amounts to $49,694,000, compared to $133,954,000 in 2012. Bocimar’s contribution to the 2013 consolidated result amounts to $3,467,000 ($53,196,000 in 2012). CMB pointed out that the capacity of newbuilding deliveries has far exceeded the growth in world seaborne trade for a number of years.
Steel Industry Presses for an End to Unfair Trade
Today, United States Steel Corporation President and CEO Mario Longhi joined fellow steel industry executives and Leo Gerard, international president of the United Steelworkers, in pressing Congress to maintain America’s economic and national security by halting unfair trade practices and enforcing the country’s trade laws. Longhi encouraged action against illegal dumping of Oil Country Tubular Goods by South Korea and others who threaten American jobs, infrastructure and our national security.
Maersk Line Art-Box Arrives in Philadelphia
Maersk Line, an ocean transportation company and a unit of the Maersk Group, announced today the arrival of the Maersk Line Reefer Art-Box, a 40’ high-cube, at the Port of Philadelphia marking the first voyage of the container designed to promote container shipping. The Art-Box’s inaugural shipment contains frozen OP Columbia’s Coromandel Greenshell mussels from New Zealand. The mussel shipment is destined for Mark Foods, New York.
Deepwater Horizon Spill Causes Fish Abnormalities
The National Oceanic and Atmospheric Administration (NOAA) reported that results to a new study conducted by a team of NOAA and academic scientists suggest that crude oil from the 2010 Deepwater Horizon disaster causes severe defects in the developing hearts of bluefin and yellowfin tunas. The findings, published in the Proceedings of the National Academy of Sciences on the 25th anniversary of the Exxon Valdez oil spill…
Stolt-Nielsen Changes Accounting for Two Acquisitions
Stolt-Nielsen Limited announced that Finanstilsynet (The Financial Supervisory Authority of Norway) has completed a review of certain aspects of the company's consolidated…
New Tests for Ballast Water Contamination
The new upgrade for Speedy Breedy enables it to test for contamination in Ballast Water in accordance with the Ballast Water Treatment Performance Standard (D2) as set out by the International Maritime Organization (IMO). According to the manufacturer, the new features enable Speedy Breedy to test for the three bacteria as set out in the D2 standard, Vibrio (Cholera), E. coli and Enterococcus, to enumerate…