LNG Marine Fuel Taking Hold in America: FMC Commissioner Speaks
In his speech at the LNG Export & Export & Infrastructure Conference Federal Maritime Commissioner Doyle gives insights on the consequences of the adoption of Liquefied Natural Gas (LNG) as a marine fuel in the United States. I am a Commissioner with the U.S. Federal Maritime Commission. The Federal Maritime Commission is an independent regulatory agency responsible for regulating the nation’s international ocean transportation for the benefit of exporters, importers, and the American consumer.
Port of Houston’s New ERV Homeport Bound
A two-week voyage through four Great Lakes and the Mississippi River will bring to the Port of Houston Authority (ETA May 28, 2014) the third of its three new high-performance emergency response vessels (ERVs). "The Port of Houston is one of the nation's busiest ports, and protecting this national asset is essential to the economic well-being of Houston, Texas and the nation," said Port Authority Executive Director Roger Guenther.
Long-Haul Seaborne Chemical Shipping Undermined
Growing Paraxylene (PX) exports from North East Asia to China are contributing to the fast growth of intra-Asia coastal trade, but they are undermining long-haul seaborne trade, according to Drewry's recently published 'Chemical Forecaster' report. Chinas consumption of PX has emerged as a key driver of global Chemical shipping demand. Its annual PX import requirements tripled from 2.9 million tonnes in 2007 to 9.0 million tonnes in 2013, representing 21% annual growth over this period.
Why America Needs Ports Infrastructure Investment: New Video
Office of Congressional and Public Affairs Maritime Administration draws attention to a new video in which Vice-President Joe Biden explains in 90 seconds why the country needs to invest in its ports. The video is at: http://1.usa.gov/1lbkE99
Safety Zone for boat races on Sabine River, Orange
The U.S. Coast Guard is establishing a temporary safety zone on the navigable waters of the Sabine River in Orange, TX in support of Deep South Racing Association (DSRA) boat races…
Essar Ports Net Profit up 16% to Rs. 383.7 cr for FY 13-14
Essar Ports Ltd. (Essar Ports), part of Essar and one of the largest port companies of India, today announced its audited results for the financial year 2013-13 and for quarter ended March 2014. * Net Profit for the year increased by 16% to Rs. 383.7 crore from Rs. 331.6 crore for the previous year. For Q4 FY14, the Net Profit reduced by 1% to Rs. 90.8 crore from Rs. 92.1 crore in Q4 FY13. * Earnings Per Share for the year was Rs 8.97 as against Rs 7.80 for previous year.
Mundra Port handles highest cargo volumes in India
Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, today announced the financial results for the fourth quarter and year ended March 31,2014. Consolidated total income for the year FY14 increased by 43% to Rs 5,508 crore compared to Rs 3,841 crore in the last year. The consolidated EBIDTA increased by 36% to Rs 3,604 crore compared to Rs 2,640 crore in the last year. The consolidated PAT without considering Abbot Point…
GAC Russia To Upgrade Facilities At Novorossiysk Port
GAC Russia is underlining its commitment to offshore oil & gas exploration and extraction in the Black Sea with a major project to upgrade its facilities at the port of Novorossiysk. The Black Sea is one of the areas in which the development of fields looks set to boom as Russian oil majors are granted licenses and joint ventures are formed with international energy companies to develop blocks. GAC…
EMGS secures new contract in the Barents Sea
EMGS has received a signed contract from a repeat customer worth NOK 10 million (USD 1.7 million) for 3D EM data acquisition in the Barents Sea. The Company expects to commence the survey in May, using the vessel BOA Thalassa. The company had informed about another contract secured earlier this year for this same vessel in the Barents Sea worth $2.3 million. EMGS
IHC Merwede presents new jubilee book
IHC Merwede has commissioned a prestigious new jubilee book, entitled 70 years IHC Merwede. The first copy of this publication was presented to the mayor of Rotterdam, Mr Ahmed Aboutaleb, at the city’s Maritime Museum. Written by maritime historian Dr Joke Korteweg, this unique and beautifully designed book contains more than 300 pages and approximately 400 photographs. Describing the history of IHC Merwede in several phases…
China Condemns Vietnam Over Violent Riots
China 's Foreign minister condemned Vietnam in an Urgent Phone Call with the Southeast Asian Country's Deputy Prime minister over Anti-Chinese protests that have killed up to 21 people…
China's Actions In Sea Disputes Straining US Ties
China 's Actions in Maritime Disputes with its neighbors in the South China Sea are straining U.S.- China relations and raise Questions on WHETHER Washington can work together with Beijing in Asia and on Bilateral issues, a Senior U.S. official said on Thursday. Close Washington is in contact with the Vietnamese Government on "How to manage MOST Effectively" Hanoi 's STANDOFF with Beijing after China TOWED an Oil RIG into Seas claimed by both Countries, the Official told Reuters.
Pipeline Breaks, Spills Crude Oil Into LA Neighborhood
A faulty Valve Pump station at a Petroleum Pipeline Ruptured Early on Thursday in an Industrial corner of Los Angeles, spewing Crude Oil 40 Feet (12 meters) into the Air, onto the Roof of a strip club next door, and leaving four people sick from the fumes. An Estimated 10,000 gallons of Oil gushed from the Pipeline before it was shut down and the spill was halted, soaking an Area about a half-Block Long, Los Angeles Fire Department Captain Jaime Moore Said.
Seaspan to Name Canada’s Largest Gantry Crane
Seaspan announced it will host an official naming ceremony for its new 300-metric-ton gantry crane, the largest of its kind in Canada, May 21, 2014. The ceremony…
Transocean Provides Fleet Update Summary
Transocean Ltd. today issued a monthly fleet update summary which includes new contracts, significant changes to existing contracts and changes in estimated planned out-of-service time of 15 or more days since April 17, 2014. The total value of new contracts since the April 17, 2014 Fleet Status Report is approximately $953 million, Transocean said. •Dhirubhai Deepwater KG1 - Awarded a three year contract offshore Brazil at a dayrate of $440,000 ($482 million estimated backlog).
South Texas Coast Guard Receives Response Boat
U.S. Coast Guard crews at Station South Padre Island have completed the qualification and trial run process, Tuesday, for the new 45-foot-Response Boat-Medium that…
WRRDA Conference Report Released
The Conference Report to H.R. 3080, the Water Resources Reform and Development Act (WRRDA), was filed in the U.S. House of Representatives today, introduced in the…
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.
Ship Engineers' Strike Averted
The possible strike by 600 Norwegian engineers in service on ships has been cancelled after involved parties involved reached an agreement, GAC said in its daily Hot Port News report.
Three Sailors Rescued 1,200 miles off Cape Cod
The U.S. Coast Guard coordinated a rescue of three sailors approximately 1,200 miles east of Cape Cod, Massachusetts, at approximately 2 p.m., Thursday. Watchstanders from the 1st Coast Guard District command center in Boston were notified at approximately 6 a.m., Thursday, of a 406MHz emergency position indicating radio beacon signal registered to the 42-foot French-flagged sailing vessel Tao with three men aboard.