Divorce Costs Could Sour Scotland's North Sea Hopes
Scottish nationalists are betting $2.5 trillion of hydrocarbons trapped miles beneath the North Sea could bankroll an independent Scotland, but winning control of…
Two Ocean Shipping Companies to Pay $3.4M
Sea Star Line LLC and Horizon Lines LLC have agreed to resolve allegations that they violated the False Claims Act by fixing the price of government cargo transportation contracts between the continental United States and Puerto Rico, the Department of Justice announced today. Under the settlement agreements, Sea Star Line has agreed to pay $1.9 million, and Horizon Lines has agreed to pay $1.5 million.
McAllister Avoids a Date with the Drydock
Unconventionally lowering costs, safely and improving the bottom line. That’s the Victaulic way. In the towing segment of the marine industry, sometimes it does seem that boats are under perpetual repair. A tugboat that’s tied up in maintenance and not able to work is a lost revenue opportunity. As a result, limiting time out of service by performing repair and retrofit services dockside is of critical importance.
ISS Appoints Ferguson VP, Cargo Solutions
Inchcape Shipping Services (ISS), a maritime services provider, announced a new hire within its Cargo Solutions division, with the appointment of Michael Ferguson as Vice President, Cargo Solutions, Terminals and Port Infrastructure. With more than 35 years’ experience working in senior positions for companies like Drummond Coal, Kinder Morgan and the Forge Group, Mike’s expertise extends from bulk material handling through to roles in engineering…
Fuel Solutions: Shelter from the Financial Storm
Vessel operators seek protection by hedging fuel needs. It’s easier than you might think. Some workboat operators defend themselves against higher diesel prices by buying futures contracts, while others purchase fuel at prices fixed in advance from their suppliers. Others, perhaps less-savvy and/or smaller companies, however, take their chances by buying in the spot market. While some operators are uncertain about their future fuel requirements and consumption…
Port Metro Vancouver Ups Security as Protests Linger
Facing the prospect of continued disruption of port operations by disgruntled container truckers, Port Metro Vancouver said it is taking immediate steps to enhance the safety of the port for working truckers. At the same time, the port said it is working with federal and provincial governments, shippers and trucking companies to address trucker concerns and the continued instability of the container trucking industry.
Trojan Marinex BWT System Earns IMO Type Approval
Trojan Technologies announced that the Trojan Marinex Ballast Water Treatment (BWT) product suite has obtained International Maritime Organization (IMO) Type Approval from Det Norske Veritas (DNV) on behalf of the Norwegian Maritime Directorate. “We are the largest UV company in the world, and are committed to providing pioneering water treatment technologies that meet the highest standards and help protect and preserve our environment,” said Marvin DeVries, president, Trojan Technologies.
Greece to Assess Pipeline for Cypriot and Israeli Gas
Reuters - Greece launched an international tender on Monday for a study to assess the feasibility of a proposed pipeline to transmit gas from Israel and Cyprus in…
Advanfort Vessel and Crew Remain in Custody
The judicial magistrate in Tuticorin, C. Kathiravan, extended the custody of the AdvanFort-35 until March 14 after hearing arguments through video conferencing. The Advanfort-35 is the name dubbed to the 35 crew members who were captured by the Indian authorities in October of 2013. They were alleged to have entered Indian waters illegally with the AdvanFort vessel, the Seaman Guard Ohio. The company has since been working for the release of its ship and crew.
Lee Recognized with Royal Danish Award
The Danish Export Association’s Diploma, and His Royal Highness Prince Henrik’s Medal of Honor, was awarded to VIKING Life-Saving Equipment’s Korean representative, J.W. Lee, for close to thirty years’ of successful business partnership. The recipient of the Danish Export Association’s Diploma, and His Royal Highness Prince Henrik’s Medal of Honor is J.W. Lee, a successful Korean businessman who, over many years…
Jona Takes Over as SVP at Cobham SATCOM
Cobham SATCOM has appointed Paul H. Jona as its new Senior Vice President (SVP). Starting March 03, 2014 Paul will work alongside incumbent SVP Walther Thygesen.
EU R&D Project to Exhibit Security Model
A practical demonstration of the ARENA R&D project, part funded by the EU, will be delivered at Sagem’s premises in Massy, Paris on April 16, 2014. ARENA (Architecture for Recognition of thrEats to mobile assets using Networks of Affordable sensors) was developed to enable the automatic detection and recognition of threats against mobile critical assets such as trucks, trains and ships, as well as offshore platforms.
Panel: Lift Japan offshore wind tariff lift, Cut solar prices
A government panel has recommended Japan lift the amount utilities must pay for electricity from offshore wind farms while cutting prices for power fed in from solar projects…
No sign of missing Malaysia Airlines plane
Ships from six navies, dozens of military aircraft, sweeps with radar technology that can spot a soccer ball from hundreds of feet in the air - all have failed to…
Russian fleet at heart of Ukraine crisis
Many of fleet's ships are old, destined for scrap; Fleet is due to get new submarines, ships, aircraft. Ships used in Ukraine crisis, against Georgia, off Syria.
Statoil drills dry well in North Sea -oil directorate
Norway's Statoil has drilled a dry well in the North Sea, the Norwegian Petroleum Directorate said on Monday. The well was drilled in production license 248 C some 5 kilometres from the Fram field.
Vietnam Investigating Possible Jet Debris
Vietnam sends helicopters to check "yellow object", possible plane life raft - minister. Vietnam has scrambled rescue helicopters to check a "yellow object" floating…
North Korea-flagged tanker finishes loading at Libya rebel port
A North Korean-flagged tanker has finished loading crude at the Libyan rebel-controlled port of Es Sider but has not yet left the terminal, Libyan oil officials said on Monday.
Vigor Shipyards Awarded USS Momsen Drydocking Contract
The US Department of Defense, Navy, inform that Vigor Shipyards Inc., Seattle, Wash., is being awarded a $30,703,417 cost-plus-incentive-fee, cost-plus-award-fee contract to definitize a previously awarded undefinitized contract action (N00024-11-C-4401) for repair and alteration of naval assets. The DoD explain that this body of work is being awarded under an existing five-year contract for planning and execution of repair and alteration to surface ships while in drydock.
China Shipyards Benefit from Lomar Fleet Expansion
Lomar informs it has declared a further three options to build new container vessels at Chinese shipyards, which brings the total number of newbuilding orders in hand to over 20 ships. The company has declared its final two options in a total order for six 1,100 TEU container vessels from the Yangzijiang shipyard. They are designed by leading Chinese design institute SDARI (Shanghai Merchant Ship Design…