23 Nations to Participate in World's Largest Maritime Exercise
Twenty-three nations, 47 ships, six submarines, more than 200 aircraft and 25,000 personnel will participate in the biennial Rim of the Pacific (RIMPAC) exercise scheduled June 26 to Aug. 1, in and around the Hawaiian Islands. The world's largest international maritime exercise, RIMPAC provides a unique training opportunity that helps participants foster and sustain the cooperative relationships that are critical to ensuring the safety of sea lanes and security on the world's oceans.
McMurdo Completes Techno-Sciences Acquisition
Strategic acquisition validates Orolia's McMurdo Group as premier supplier of COSPAS-SARSAT search and rescue solutions, establishes U.S. McMurdo Group, a global…
Fincantieri Files for Milan IPO
Italy's Fincantieri said on Tuesday it had filed a request to list its shares on the Milan bourse, as state lender Cassa Depositi e Prestiti (CDP) moves to offer private investors a minority stake in the ship building company. The disposal of Fincantieri - wholly owned by CDP, which in turn is controlled by Italy's treasury - is part of a new wave of privatisations the Rome government announced at the end of last year.
NOAA Offers a New Way to See Currents
A new NOAA National Ocean Service website will provide mariners near real-time coastal ocean surface current observations and tidal current predictions in coastal waters using high frequency (HF) radar, making marine navigation safer for mariners and commercial shippers. The web-based observations are now available for the Chesapeake and San Francisco Bays in areas vital for marine navigation, with additional locations to follow.
Fincantieri to List Stake Close to 50%
Italian state-owned Fincantieri plans to list a stake close to 50 percent in its initial public offering on the Milan bourse, a source close to matter said on Tuesday. The group, wholly owned by state lender Cassa Depositi e Prestiti (CDP), which in turn is controlled by Italy's Treasury, announced earlier on Tuesday it has filed for listing. The sale of a minority stake in the group is part of a privatisation push the Italian government launched last year to raise funds to cut its public debt.
Siemens Unveils Overhaul, Confirms Rolls-Royce Buy
German conglomerate Siemens announced a corporate overhaul on Tuesday which will streamline the structure of the company into nine divisions, see its healthcare business managed separately…
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.
Ingalls Launches Fifth USCG National Security Cutter
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division launched the U.S. Coast Guard National Security Cutter James (WMSL 754) on Saturday. James is the company's fifth NSC and is expected to deliver in 2015. "Our learning curve continues to improve in this program, and the hot production line certainly provides a foundation for this progress to continue," said Jim French, Ingalls' NSC program manager.
Record Cruise Passenger Arrivals at Lisbon
A record 13,000 passengers disembarked on Tuesday in the port of Lisbon from the towering hulls of cruise ships, including Cunard Line's gigantic trio of "Queens" making a rare joint stopover in a nod to the destination's growing popularity. Tourism has been an important element in helping Portugal's economy emerge last year from its worst recession since the 1970s, alleviating its high unemployment rate from record highs of over 16 percent by generating jobs in tourism centres like Lisbon…
Cruise Ship Stranded In NY's Hudson River Hit A Whale
A dead 45-foot female whale found in a New York harbor Monday morning was hit by a cruise ship that got stuck in the Hudson River over the weekend, authorities said on Tuesday. The Norwegian Cruise Line ship, returning to New York after a seven-day tour of the Bahamas and Florida, got stuck in New York state waters for about three hours with 4,500 passengers aboard on Sunday morning due to steering and propulsion problems as it made its way to its dock in Manhattan.
GE Shipping Q4 FY14 Results & Conference Call Details
The Board of Directors of The Great Eastern Shipping Company Ltd (G E Shipping) will meet on Wednesday, 7th May 2014, to consider Unaudited Results (Provisional) for the quarter ended 31st March 2014. An Earnings Call has been scheduled at 04:30 pm (IST) on Wednesday, 7th May, 2014. Mr. G. Shivakumar, CFO would give a financial snapshot and discuss the Company's financial performance. This would be…
PSA Awarded Concession to Develop and Operate 4th Container Terminal in JNPT
Bharat Mumbai Container Terminals Private Limited (BMCT), a wholly-owned subsidiary of PSA Bharat Investments Pte Ltd (which is a subsidiary of PSA International)…
Foster Wheeler Closes Acquisition Of Siemens Environmental Systems And Services
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Power Group has finalized the acquisition of the Siemens Environmental Systems and Services business that supplies and services clean air technologies for use in power plants and industrial facilities. The transaction was closed April 30, 2014. The Siemens Environmental Systems and Services purchase includes assets of the former Wheelabrator Air Pollution Control Company located in Pittsburgh…
Major Development For Fishing Industry at Lerwick Harbor
The fishing industry will be the main beneficiary of the next major project in the continuing development of Lerwick Harbor where the construction of a large new jetty at Holmsgarth North is due to begin in the third quarter this year. It will provide deeper berthing and more working area for the fishing fleet, while the outer arm of the L-shaped jetty will create a dock sheltering a planned new white fish market. The outer arm will also be suitable for offshore industry vessels.
World's largest inland port selects KONGSBERG Multibeam Echo sounder
Port of Duisburg, World's largest inland port today selected KONGSBERG Multibeam Echo sounder as part of the upgradation of their survey capability which presently uses a single beam echosounder. The Port of Duisburg is located at the confluence of Rhine and Ruhr two major shipping arteries that link central European industry as well as consumers to the seaports on the North Sea coast. ccupying an area of 3350 acres including 21 basins with a total size of 450 acres…
Singapore Dredging at Pioneer Shipyard
Dredging works are underway at the Pioneer Shipyard off the West Jurong Channel Singpore and will continue until 31 July. According to the Maritime and Port Authority…
Rolls Royce Sells Energy Gas Turbine Business To Siemens
Britain's Rolls-Royce Plc said it would sell its energy gas turbine and compressor business to German conglomerate Siemens AG for 785 million pounds($1.33 billion). Rolls, whose energy gas turbine and compressor business has around 2,400 employees, said Siemens would pay a further 200 million pounds for a 25 year licensing agreement granting access to relevant Rolls-Royce aero-derivative technology.
U.S. Senate Moves To Debate Energy Savings Bill; Keystone Bid Stalls
The U.S. Senate agreed on Tuesday to advance a bipartisan energy efficiency bill, but it could die unless lawmakers end a stalemate on how to proceed with the long-delayed Keystone XL oil pipeline project. The Senate voted 79-20 to move toward a debate on the energy bill, making it the first big energy legislation to reach the Senate floor since 2007. Sponsored by Democratic Senator Jeanne Shaheen of New Hampshire and Republican Senator Rob Portman of Ohio…
Chicago Tug & Barge Grounding: Latest Update
The Coast Guard says it is continuing its response to the grounded towing vessel 'Kimberly Selvick' in Lake Michigan off of Burnahm Park.The vessel remains partially submerged, while the two barges that broke free from the tug Monday afternoon have been removed and towed to Calumet Harbor Fleeting. The vessel began taking on water and became partially submerged while trying to retrieve the two barges.
Middle East Offshore Equipment Supply: New J/V Set Up
Leading integrated turnkey subsea and offshore solutions provider, Unique Maritime Group, says it has signed a Joint Venture (J/V) with OEG Offshore (OEG), to offer rental and sale of offshore equipment in the Middle East region. The new joint venture company, OEG Unique, which will be based in UAE & QATAR, will provide local access to OEG’s full range of over 200 individual certified designs of DNV 2.7-1 certified Cargo Carrying Units (CCUs) and A60 modules across the GCC countries.