GLDD Sells Historic Demolition Business
Largest provider of dredging services in the United States, Great Lakes Dredge & Dock Corporation (GLDD) informs it has completed the sale of NASDI, LLC and Yankee Environmental Services…
Cruise Ship Liability & Compensation Treaty Kicks In
The International Maritime Organization (IMO) informs that substantially increased limits of liability for the death of, or personal injury to, a passenger on a ship apply from 23, April 2014, according to the Athens Convention relating to the Carriage of Passengers and their Luggage by Sea, 2002. The 2002 Protocol to the Athens Convention relating to the Carriage of Passengers and their Luggage by Sea…
Matson Declares Q2 2014 Dividend
Leading US carriers in the Pacific, Matson, Inc., apprises it has declared a second quarter 2014 dividend of $0.16 per common share. "Today's authorization continues Matson's outstanding history of paying dividends and reflects the solid financial foundation of our Company and the confidence we hold in its future," said Matt Cox, Matson's President and Chief Executive Officer. The dividend will be paid on June 5, 2014 to all shareholders of record as of the close of business on May 8, 2014.
Caspian Sea Shipyard Wins BP Exploration SCV Contract
Keppel supported Baku Shipyard has won a first major contract from BP Exploration (Shah Deniz) Ltd, the operator of the Shah Deniz gas field development, to design and build a Subsea Construction Vessel (SCV). The contract is worth US$378-million, say the shipyard. When completed, the SCV will be deployed for the Stage 2 development of the Shah Deniz field, which lies some 70 kilometres offshore in the Azerbaijan sector of the Caspian Sea.
Dry Bulk Carrier Newbuilding Orders Surge
Dry bulk carrier newbuilding orders predominate among the contracts reported in the latest issue of the Clarkson Hellas S&P Weekly Bulletin. One order is reported by Clarkson Hellas in the larger dry sizes this week, with Foremost Maritime contracting two firm 180,000 DWT Capesize at Beihai Shipyard. Delivery of the first vessel is due in the later part of 2015, with the second due in the final quarter of 2016.
Gulf Island Fab Reports Q1 2014 Revenue Increase
Houston headquartered Gulf Island Fabrication, Inc. reported net income of $3.5 million ($0.24 earnings per share) on revenue of $134.7 million for its first quarter ended March 31, 2014, compared to net income of $2.8 million ($0.19 earnings per share) on revenue of $150.4 million for the first quarter ended March 31, 2013. The company had a revenue backlog of $271.4 million and a labor backlog of approximately 2.5 million man-hours at March 31…
Singapore's Marine & Offshore Sector Powering Output
Singapore's first-quarter growth could be revised higher after data on Friday showed unexpectedly strong industrial output in March, double the pace of market expectations, with output in marine and offshore engineering +45.1% y/y. Manufacturing output in March surged 12.1 percent from a year earlier, far exceeding expectations in a Reuters poll for growth of 6.3 percent. Output rose 6.1 percent on a month-on-month, seasonally adjusted basis, quicker than the median forecast of 1.5 percent.
Australian Navy Seizes $268mln in Heroin
An Australian warship patrolling the Indian Ocean has seized more than a tonne of heroin worth A$289 million ($268 million) from a dhow in Kenyan waters, Australia's Defense Department said on Friday.
GE in talks to buy Alstom's global power arm-sources
General Electric is in talks with Alstom to take over its global power business and a deal could be announced in the coming days, two sources familiar with the matter said on Friday.
Aliança Christens New Containership
Yesterday, Hamburg Süd subsidiary Aliança christened its containership Pedro Álvares Cabral during a ceremony held for customers at the port of Itapoá. The ship’s Sponsor is Elisabeth von Krüger de Freitas, the wife of Humberto Ramos de Freitas, Executive Officer for Logistics and Mineral Exploration of Vale S.A., one of the most important clients of Aliança Bulk. Dr. Arnt Vespermann, Member of the Executive Board of Hamburg Süd and Julian Thomas…
BASS Launches New Fleet Management System
BASS introduced the BASSnet 2.9 Fleet Management System during the recent Asia Pacific Maritime event in Marina Bay Sands, Singapore. BASSnet 2.9 now features new modules such as Environmental Management, Port Forms Management and Excel Forms Management. In the era where messaging tools are increasing in popularity, the 2.9 release also features the ‘My Discussions’ feature which allows Users to a…
First Vessel 'Plugs In' to New Hueneme Power System
The Port commissioned the Hamburg Sud’s M/V Cap Palmerston, carrying fresh fruit for Chiquita Brands of Charlotte, North Carolina during a ribbon cutting ceremony to introduce the Port of Hueneme’s recently installed Grid-Based Shore Power system. Community leaders were on hand to view this first vessel ‘plug in’. The initial test of ‘plugging in’ a vessel is critical to assessing the performance of this new and very high voltage shore power system.
Trojan Marinex BWT System Earns IMO Type Approval
Trojan Technologies announced that the Trojan Marinex Ballast Water Treatment (BWT) product suite has obtained IMO Type Approval from 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.
Shipboard Pipe-joining Techniques Examined
Didier Vassal, Vice President OEM and Maritime Services at Victaulic, compares the flanged and grooved pipe-joining methodologies and explains the advantages that grooved pipe joints provide over flanges. Efficient piping systems are essential for the range of services needed on board a vessel including secondary systems such as bilge and ballast systems, sea and fresh water cooling, lube oil, fire protection and deck wash.
Luxury Yachts: Design Takes a New Track
Simutech Solution Corp. While it’s widely recognized that HTC smartphones, Garmin GPS devices and a sweeping array of big-brand laptops are staples of the Made in Taiwan effort, it’s a lesser-known fact that luxury yachts (those measuring 80 - 120 ft. are a booming business in Taiwan. Producing high-quality boats at comparatively low prices, Taiwan’s luxury yacht industry reached a peak in 1987, exporting 1,755 vessels for an export value of more than $190m.
New Air Regulator from TDI
Tech Development (TDI) introduced its new TurboFlow Air Regulator which the company says improves air delivery to the start system. The TurboFlow Regulator combined with other TDI start system components provides matched air-flow to the turbine starter for improved reliability and system savings. “One of our marine customers was looking to get more than the three starts they were receiving from their air reservoir using (another) turbine starter…
Dynagas LNG Buys Ice-class LNG Carrier
Dynagas LNG Partners LP announced it has entered into an agreement to purchase from Dynagas Holding Ltd., the Partnership's sponsor, 100% of the ownership interests in the entity that owns and operates the Arctic Aurora, a 2013 built ice class liquefied natural gas carrier, for an aggregate purchase price of $235 million. The Arctic Aurora acquisition is subject to the Partnership obtaining the funds necessary to pay the purchase price and the satisfaction of certain closing conditions.
FARO Debuts X Series Laser Scanner
FARO Technologies, Inc. released the new FARO Laser Scanner Focus3D X 130, the newest member of Focus3D X Series range of laser scanners. With a scanning range of 130m, this laser scanner is suited for mid-range scanning applications. The portable Focus3D X 130 enables fast, straightforward and accurate measurements of objects and buildings, combining high-precision scanning technology with true mobility and ease-of-use to offer reliability, flexibility and real-time views of recorded data.
Special Coupling Solution for Offshore Drives
The focus of this year’s product and performance presentation by Vulkan Couplings at the Sea Japan are the specially integrated marine drive solutions for offshore ships. Vulkan Couplings has become known for its drive solutions for drill ships. The latest project was the equipment of six drill ships, built by the Estaleiro Enseada do Paraguacu shipyard for the Brazilian Charterer PETROBAS. Vulkan…
Maritime: Environmental Regs Pose Financial Challenges
International accountant and shipping adviser Moore Stephens said that finding enough money to remain compliant with environmental regulation is going to be a challenge for shipowners and operators over the next few years. Moore Stephens shipping partner Michael Simms said, “The Ballast Water Management (BWM) Convention, for example, has not yet entered into force, although some countries, including the United States, have already implemented BWM regulations independently of the IMO.