Transocean to Create New Offshore Drilling Company
Transocean Ltd. says that it intends to pursue the creation of an entity comprising 8 of its UK North Sea midwater drilling rigs. The new entity, Caledonia Offshore Drilling Company (Caledonia) is expected to be established during the second half of 2014. Sedco 704, Sedco 711, Sedco 712, Sedco 714, Transocean John Shaw, Transocean Prospect, GSF Arctic III and J.W. McLean. Transocean explains that the…
Finland Steel Firms Deal Flagged by Helsinki Bourse
"If the exchange offer for all the shares in Rautaruukki announced by SSAB on 22,January 2014 is completed, the ownership of SSAB in Rautaruukki would, upon the completion of the settlement trades of the shares tendered into the exchange offer by 5, May 2014 (including the acceptance of the exchange offer by Rautaruukki's largest shareholder Solidium Oy, in accordance with the undertaking provided in advance by Solidium Oy) exceed 50 percent of all the shares and voting rights in Rautaruukki.
AAPA Remembers 'Tireless' Congressman James Oberstar
Following the recent passing of former Cong. James Oberstar, American Association of Port Authorities (AAPA) President and CEO Kurt Nagle described the past chair of the U.S. “In 2003, AAPA honored Cong. Oberstar with its prestigious ‘Port Person of the Year’ award for his many contributions to advancing America’s freight transportation system, including authoring or co-authoring six Water Resources Development Acts from 1986 to 2000…
Avista & SEACOR Tankers in Jones Act Shipping J/V
Private equity firm Avista Capital Partners informs it has invested in a newly-formed joint venture (J/V) with SEACOR Tankers Inc., a subsidiary of SEACOR Holdings Inc. that operates a fleet of 7 U.S.-flag Jones Act vessels (5 owned and 2 chartered-in) in the U.S. coastwise trade transporting crude oil, petroleum and specialty chemical products. Under the terms of the joint venture, ACP III Tankers LLC…
Austal Launches Third Cape Class Patrol Boat
Austal announced the launch of the third-in-series Cape Class Patrol Boat (CCPB) at the Company’s Australian Defence Facility in Henderson, Western Australia on 5 May 2014. Cape Nelson is the third of eight 56-metre patrol boats that are being delivered to the Australian Customs and Border Protection Service (ACBPS) by Austal as Prime Contractor for a design, build and in-service sustainment contract, valued at approximately $330 million.
Coast Guard rescues woman in Elizabeth River near Hampton Roads Bridge Tunnel
The Coast Guard rescued a 58-year-old woman Monday from the Elizabeth River near the Hampton Roads Bridge Tunnel. Virginia State Police dispatchers contacted Coast Guard Sector Hampton Roads Command Center watchstanders at 11:20 p.m. Sunday, reporting a woman in the water. An MH-60 Jayhawk helicopter crew from Coast Guard Air Station Elizabeth City, North Carolina was diverted and a 25-foot Response Boat - Small crew from Coast Guard Station Portsmouth launched to assist.
Carnival's Third Ship From Port Canaveral
Further bolstering its position as Central Florida's largest cruise operator, Carnival Cruise Lines' Carnival Liberty departed on its inaugural voyage from Port Canaveral, Fla., this weekend, becoming the line's third year-round ship sailing from the Space Coast. With the arrival of Carnival Liberty, Carnival will increase its annual passenger count from Port Canaveral to 600,000 – more than any other cruise operator.
Port of Everett Solicits Bids for Nearly $6 million marina cleanup project
ESY In-water cleanup area Everett, Wash. – Last month, the Port of Everett began soliciting bids for the final phase of its Everett Shipyard Cleanup project, located along West Marine View Drive between 15th and 14th Street. The mostly in-water cleanup project has a price tag of between $5.2 million and $6 million. The cleanup, which is being done in partnership with the state’s Department of Ecology…
EMGS - Contract for vessel BOA Thalassa
Electromagnetic Geoservices ASA (EMGS), the marine EM market leader, has received a signed contract from North Energy ASA worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the North Sea. The survey is expected to commence early May, using the vessel BOA Thalassa. EMGS
Repairs To lock Gate in Mumbai Port To Affect Shipping
Mumbai port which is set to carry out repairs to the Outer Lock Gate through a private contractor has informed that shipping operation could get affected during this period. From 15th May to 13th September, Indira Dock will be tidal. Since Indira Dock being tidal only Navigation will only be during flood tide, which will result in restriction of vessel to loa 152 meters and beam 22.86 meters. There could only be 2/3 movements in each tide and maximum permissible draft will be reduced to 8 mtrs…
HongHua Group Signs Agreement for GE Waukesha Gas Engines
With China seeking to boost its production of unconventional gas supplies to meet Asia's growing energy needs, GE Power & Water's Distributed Power business (NYSE: GE) and China's leading drill rig manufacturer HongHua Group (HK 196) today signed a three-year agreement for GE to supply its Waukesha VHP gas engines that will power drill rigs used in new shale gas projects in China. The announcement was made at the Offshore Technology Conference being held in Houston.
Colombia Oil Reserves Rise 2.9 %
Colombia's oil reserves had risen 2.9 percent to 2.445 billion barrels by the end of 2013, up from 2.38 billion barrels a year earlier, taking reserves to their highest despite a missed exploration target, the energy ministry said on Monday. Foreign investment into the Andean nation's oil and gas sector has surged in recent years and the government is preparing to tap non-conventional or shale resources offering such blocks in its 2014 oil auction which concludes in July.
Anadarko Posts Loss On Tronox Settlement, Output Up
Anadarko Petroleum Corp reported a big quarterly loss on Monday, compared with a year-earlier profit, as a previously announced $5.15 billion settlement related to Tronox Ltd litigation hurt results.
One Dead, Several Missing after Congo Boat Capsizes
At least one person died and a dozen others were missing after a boat capsized in eastern Democratic Republic of Congo, a spokesman for the United Nations mission in the country said on Monday. A U.N.
Yusen Container Terminal Draft EIS/EIR Released
The Port of Los Angeles and U.S. Army Corps of Engineers have prepared a Draft Environmental Impact Statement/Report (EIS/EIR) for the Yusen Terminals Inc. (YTI)…
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.
Toxics Dredging Resumes in the Hudson
The U.S. Environmental Protection Agency (EPA) announced today that dredging operations are expected to resume on Wednesday in the Upper Hudson River. In 2014, dredging will begin south of Schuylerville, New York and proceed south towards Troy. Dredging will also occur in a two-mile section of river near Fort Miller that is not easily accessed by boat. Dredging is being conducted to remove sediment from the river bottom that is contaminated with polychlorinated biphenyls (PCBs).
Today in U.S. Naval History: May 5
Today in U.S. 1961 - Cdr. Alan Shepard Jr. makes first U.S. manned space flight. Flight of Freedom 7 (Mercury 3) which lasted 15 minutes and 28 seconds reached the…
Former Congressman Jim Oberstar Passes Away
“Congressman Jim Oberstar was a friend and mentor. He was also a brilliant and kind man. No one knew more about transportation policy than him. Just last Wednesday, I talked with him about strategies to pass a good transportation bill. I will miss him. President Obama said of Oberstar's passing, "Michelle and I were saddened to hear about the passing of Congressman Jim Oberstar. Jim cared deeply about the people of Minnesota…
$1.3m in Gold Recovered from 1857 Shipwreck
A deep-ocean exploration company in Florida says it has recovered nearly 1,000 ounces of gold, worth $1.3 million at current gold prices, on a reconnaissance dive…