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).
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…
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.
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.
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.
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.
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.
Navy's Efforts Focus on A-P Region & Arabian Gulf Says CNO
By operating from forward locations, the Navy and Marine Corps provide President Barack Obama with options to deal promptly with global contingencies, Navy Adm. Jonathan W. Greenert, the chief of naval operations (CNO) explained during a hearing of the House Appropriations Committee's defense sub-committee, adding that Marine Corps Commandant Gen. James F. "As we conclude over a decade of wars and bring our ground forces home from extended stability operations…
Denmark's Eekels Wins Slow Steaming Technology Prize
Eekels informs it has been awarded the TBI Innovation Prize 2013 for its “Slow Steaming” entry. The vote was taken at the TBI TOP250 and no less than 66% of those present voted for Eekels’ ingenious technical innovation. Eekels was one of the 3 nominees that had been chosen from 34 entries by a jury chaired by Maxime Verhagen (chairman of Bouwend Nederland, the Dutch Construction and Infrastructure Federation).
Update on Norfolk Navy Yard Shooting
Capt. "First of all, our thoughts and prayers are with the family of the Sailor killed last night. This is a very difficult and sad time for our Navy family. At this moment, we are in the process of notifying the Sailor's next of kin and I would ask that you please respect their privacy at this very difficult time. Information about our Sailor will come at the appropriate time and today is not the day. I can tell you . . . at approximately 11:20 p.m.
China Now World's Largest Liquid Fuels Importer
U.S. Energy Information Administration, Short-Term Energy Outlook, March 2014 reveals that in September 2013 China's net imports of petroleum and other liquids exceeded those of the United States on a monthly basis, making it the largest net importer of crude oil and other liquids in the world. The rise in China's net imports of petroleum and other liquids is driven by steady economic growth, with rapidly rising Chinese petroleum demand outpacing production growth. U.S.
Fastrack LNG Deliveries to Europe Unlikely
Expedited regulatory approval of proposed US liquefied natural gas export terminals would not lead to their immediate construction nor to near-term deliveries of US gas into Europe, panelists at a Senate hearing have said, reports Platts. Several US lawmakers want the Obama administration to quickly approve more LNG export applications in response to the crisis in Ukraine, with at least a half dozen…
Statoil Wins Exploration Acreage off Myanmar
Together with partner ConocoPhillips, Statoil has been awarded a deep-water exploration block in the Myanmar waters of Bay of Bengal. Block AD-10 cover more than 9,000 km2, and is located 200 km from the coast in water depths of approximately 2,000 meters. The license has been awarded to Statoil and ConocoPhillips, each with a 50% equity share and with Statoil as the operator. "This is a large and virtually unexplored area in a basin with a proven petroleum system and thick sedimentary deposits.
The Crowley Way
Walk in the front door at Crowley Maritime Corporation HQ in Jacksonville, Fla., and you learn nearly everything you need to know about the company. With your visitor’s badge, you are handed a “Safety and Evacuation” brochure, and the person you are there to meet – in our case Tom Crowley, Jr. – walks down to greet you personally. Safety and People; The Crowley Way. The rest is just details. Crowley Maritime was founded in 1892 by Thomas Crowley in San Francisco.
UK Transport Dept. Extends Contract with BMT
BMT Reliability Consultants (BMT) has announced a one year contract extension with the UK Department for Transport (DfT). BMT will continue working with the DfT to provide maritime statistics support, as part of the statutory legislative requirements set out in the Maritime Statistics Directive. BMT has been working with the DfT for the past nine years collating information on all maritime freight traffic and ship movements in and out of UK ports.
Maritime Guards Freed from Indian Prison
Maritime security company Advanfort said several of its guards have been freed from Indian Prison after several months of negotiations. The bail order excludes the vessel’s captain and the TDO…
DNV Approves "Pay as You Sail" Charts Option
Global chart distributor Nautisk has confirmed DNV approval for its Neptune Pay As You Sail (PAYS) Solution. PAYS enables users to access global ENCs for use with onboard ECDIS systems, while only paying for those that are actually used. Peter J Pran, Nautisk Project Manager said, “Despite a positive market outlook, demands on shipowners and vessel operators to make cost savings and optimize operational efficiency are continuing to increase.
Shiptec China 2014 Taking Shape
In just under seven months’ time, marine professionals from China and around the world will gather for the opening of Shiptec China 2014 at the Dalian World Expo Center.
Hapag-Lloyd Boosts Results, Volume in 2013
Hapag-Lloyd improved its result and transport volume in the previous financial year despite persistently tough competition. EBITDA increased year-on-year by €54.6 million to €389.1 million. The operating result also saw a significant improvement, climbing by €41 million to €67.2 million, meaning that Hapag-Lloyd performed well in comparison to its competitors. Thanks to its global liner network with almost 100 services…
SSI Debuts Updated ShipConstructor
In what SSI calls its “most user-focused release,” the latest release of the company’s flagship CAD/CAM software, ShipConstructor 2014 R2, features more than 425 enhancements. SSI said ShipConstructor 2014 R2 streamlines workflows for users and enhances the user experience, which according to the developer, has been accomplished by collecting feedback from clients in all markets and industries, then implementing hundreds of suggestions that boost efficiency, quality and stability.