Novorossiysk: New Tonnage Dues Rates
GAC informs that tonnage dues rates in the port of Novorossiysk will be increased about 9% with effect from April 27, 2014.
How to Work with Your Insurer When Experiencing a Loss
Marine insurance – just like health, automobile and homeowner’s insurance – can be a valuable safeguard in case something unexpected happens. And when something bad happens…
Calculating Settlement Value of a Case
It has been said that war is politics by other means. It is probably equally true that litigation is business by other means. On the one hand, the threat of litigation – and the resulting costs, inconvenience and uncertainty – will often compel parties to resolve their differences on terms which they might otherwise consider less than ideal. And on the other hand, if an acceptable compromise cannot be reached…
AMI Launches New Watermarkers Line
Applied Membranes, Inc. (AMI), an ISO 9001:2008 manufacturer of reverse osmosis systems, membranes and equipment, announced the launch of its new watermarkers product line for the commercial and recreational maritime sector. AMI said it has been building desalination systems as well as manufacturing membranes for over 30 years. “Our Maritime systems were engineered to be fully automated, high quality-low cost…
Strategic Planning With Aggregate Data
A sensor is a device that measures some kind of input from the physical world. On complicated technical systems such as vessels, there is an enormous amount of different sensors. The number of sensors will surely grow as the size and cost of sensors continuously decrease. A person technically trained is able to gain some information from a single sensor reading, but the information is much more useful when the data from multiple sensors and sources is combined and aggregated at a higher level.
Is Internal Combustion Engine Methane Slip Harmful to the Environment?
Tighter regulations on exhaust emissions are prompting rapid change within the global shipping industry. Orders for scrubber systems have soared higher than before, suppliers of emissions monitoring software are rapidly taking increasing orders, and the market for natural gas-powered engines continues to break new ground. Choosing the most cost-effective way to reduce exhaust emissions is vital for the industry.
Two Rescued from Grounded Fishing Vessel
The U.S. Coast Guard said it rescued two men from a grounded fishing vessel near Sitka Monday. A Coast Guard MH-60 Jayhawk helicopter crew from Air Station Sitka…
Oiltanking Partners Report Q1 Distribution Increase
Oiltanking Partners, L.P. announced that the board of directors of its general partner declared a cash distribution of $0.495 per unit, or $1.98 per unit on an annualized basis, for the first quarter of 2014. The first quarter distribution represents a 5.3% increase over the prior quarter distribution of $0.47 per unit and a 22.2% increase over the prior year distribution of $0.405 per unit. The distribution will be paid on May 14, 2014, to unitholders of record on May 2, 2014.
Offshore Floating Production Hits Headwinds
Floating production has been one of the most significant developments in the oil and gas industry over the past four decades. Since the first floating production unit (Argyll) was installed in 1975, more than 350 offshore fields too deep, too remote or too small for fixed platforms have been developed using floating production facilities. Looking forward, the future of the sector continues to look very promising, but some barriers and threats to growth have appeared.
Noble Energy Announces Increased Quarterly Dividend
Noble Energy, Inc. announced that its Board of Directors has approved a quarterly cash dividend of 18 cents per common share, which represents an increase of nearly 29 percent from the prior 14 cents per common share quarterly dividend. The dividend is payable on May 19, 2014, to the shareholders of record at the close of business on May 5, 2014. Charles D. Noble Energy is an independent energy company engaged in worldwide oil and gas exploration and production.
USCG to Medevac Injured Mariners Battling Rough Seas off Alsaka
The U.S. Coast Guard said it is preparing to medevac three injured mariners from a vessel currently more than 300 miles south of Kodiak Monday after a large wave…
Shippers Vapores, Hapag-Lloyd Merger
A significant majority of shareholders in Chilean shipper Compania SudAmericana de Vapores lent their support to the firm's merger with Germany's Hapag-Lloyd, allowing…
Polish PM Calls For EU Energy Union To End Dependence On Russian Gas
The European Union must create an energy union to secure its gas supply because the current dependence on Russian energy makes Europe weak, Poland's Prime Minister Donald Tusk wrote in an article in the Financial Times. Russia, which provides around one third of the EU's oil and gas, sent shockwaves through the international community with its military intervention and annexation of Ukraine's Crimea peninsula in March.
PPG Reports Record Q1 2014 Results
PPG Industries (NYSE:PPG) reported record first quarter 2014 net sales from continuing operations of $3.6 billion, up $528 million, or 17 percent, versus the prior year. First quarter 2014 reported net income from continuing operations was $277 million, or $1.97 per diluted share. operations was $279 million, or $1.98 per diluted share, which excludes $2 million, or 1 cent per diluted share,for acquisition-related costs.
Holland American Line Launches 'Dive-in At The Terrace Grill’
Holland America Line is enhancing the Terrace Grill on its 15 premium ships and rebranding the popular lunch spot as “Dive-In at the Terrace Grill.” The outdoor bistro-style grill area by the ships’ Lido pool will feature new signature burgers, hot dogs and fries. The first ships to open the new gourmet grill were ms Eurodam, ms Amsterdam and ms Maasdam. The remaining ships in the fleet will be opening Dive-In at the Terrace Grill throughout summer 2014.
U.S. Could Hit Russian Officials With Sanctions
The United States could impose sanctions on a range of Russian officials over the crisis in Ukraine, U.S. State Department spokeswoman Jen Psaki said on Monday. Asked in an interview on Twitter whether the United States was considering the possibility of hitting Russian President Vladimir Putin personally with sanctions, Psaki replied: "Range of officials under consideration. Earlier, in response to a question over whether the prospect of imposing sanctions on individuals…
Alaska Plan To Export North Slope Gasp
Alaska's legislature on Monday approved Governor Sean Parnell's plan to join four energy companies in moving ahead on plans to build infrastructure to transport…
Keystone Backers Keep Their Faith In Embattled Pipeline Plan
Six years after applying to build the Keystone XL pipeline, Canada's frustrated oil industry appears steadfast in its support of the plan even though Washington has again delayed a decision on whether to approve the politically charged project. The reason is simple: A massive new pipeline to the U.S. Gulf Coast remains the most elegant solution for producers looking to export burgeoning supplies of crude from Canada's oil sands to the United States.
Argentina To Eliminate Taxes Paid By Biodiesel Producers
Argentine President Cristina Fernandez on Monday asked Congress to eliminate some of the taxes paid by biodiesel manufacturers in a bid to support an industry hard hit by European Union anti-dumping measures. Argentine biodiesel exports are expected to plunge as much as 39 percent this year versus 2013 due to tariffs imposed by the European Union, according to theArgentine industry sources. The tax cut would last only as long as Europe's sanctions do, according to the proposal.
Carnival Corp on Target to Cut GHG Emissions 20%
In honor of Earth Day and the importance of year-round environmental awareness, cruise ship company Carnival Corporation & plc says it will meet its goal to reduce its rate of greenhouse gas (GHG) emissions from shipboard operations by 20 percent. This goal was established by the company as part of Carnival's ongoing efforts to reduce environmental impact from its operations. "Carnival has made the amount of GHG emissions released an indicator of our environmental improvement…