Port of Los Angeles Adopts Fiscal 2014-15 Budget
The Los Angeles Board of Harbor Commissioners informs it has approved a US$938.8-million fiscal year (FY) annual budget for the Port of Los Angeles. Nearly $350 million (37 percent) of the approved budget will go toward capital expenditures to help the Port maintain its global competitive position. “In the face of fierce and increasing competition from around the world, we must do whatever we can to maintain our position as the nation’s premier trade gateway…
Australia's Maritime Capabilities to be Boosted
The Minister for Defence David Johnston has announced the first set of key initiatives in the Abbott Government’s long-term strategic naval plan. The Government is moving decisively to tackle Labor’s Defence mess and to ensure that Australia does not face major capability gaps as a result of Labor’s defence cuts and failure to take crucial decisions, including on maritime capability. As a result of our plan…
Ocean Rig Ultra-Deepwater Drillship Contract Confirmed
Greece's DryShips, says that its wholly-owned subsidiary, Ocean Rig UDW, has signed definitive documentation, following the previously announced contract award for the 6-year contract for drilling operations offshore Angola for its ultra deepwater drillship the 'Ocean Rig Skyros'. The contract is for drilling operations offshore Angola for Total E&P in its Angola Block 32, and is expected to commence in the third quarter of 2015 with an estimated backlog value of $1.3 billion. DryShips Inc.
Kolkata Port's June Draft Increased
The Kolkata Port Trust in their Notice No.MRN/HMR/99/10 dated 3 June 2014 have informed that the inward & outward draft for Kolkata Port for June 2014 from 11 June…
Increase In SE Asia Cargo Thefts - Dryad Maritime's Warning
The latest report of a tanker hijack in Southeast Asia has prompted Dryad Maritime to issue an advisory to its shipping clients, on the basis that the crime follows a pattern, which has seen up to six such attacks, over the last nine months. The industry leading maritime operations company that boasts a specialist intelligence capability issued its advisory to maritime clients from its 24/7 Portsmouth-based operations facility.
LYG-PSA Container Terminal Opening
LYG-PSA Container Terminal (LPCT) was officially opened today by Lianyungang Municipal Party Committee Member & Director-General of Lianyungang Port Authority Mr Wu Yi Qiao, Lianyungang Port Group (LPG) Chairman Mr Bai Li Qun and PSA International Group CEO Mr Tan Chong Meng. LPCT marks PSA International’s first collaboration with Lianyungang Port Group. The opening ceremony, which took place at the Jiangsu Haizhou Bay View Hotel in Lianyungang…
GSF welcomes monitoring of compliance of P3
The Global Shippers' Forum has welcomed confirmation that the European Competition Commission will closely monitor the P3 for compliance with EU competition rules. GSF Secretary General, Chris Welsh, said,"The GSF has asked the Commission to closely scrutinise the P3 to ensure the Agreement is in line with the general provisions of the EU competition guidelines. GSF believes the P3 should assist 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.
Today in U.S. Naval History: June 5
Today in U.S. 1794 - First officers of the U.S. Navy under the Constitution are appointed. 1945 - Typhoon off Okinawa damages many U.S. For more information about naval history…
Bourbon, Tanjung Discussing OSV Part Ownership Deal
Malaysian Group Tanjung Offshore Berhard and Bourbon Far East Pte. Ltd. have entered exclusive discussions for the sale of 51% ownership of nine Bourbon Offshore…
Florida Ship's Crew Arrested on Gun Charges in Honduras
The crew of a Florida-based shipwreck salvage company has been held for a month in a Honduras jail after authorities accused them of gun smuggling, a company spokesman said on Thursday.
Libyan Coastguard Detains 114 African Migrants
Libya's coastguard detained 114 African migrants in a packed boat headed for Europe on Thursday, officials said. Some 43,000 migrants have crossed from North Africa to Italy so far this year…
Greece Shortlists Cosco, Four Others for Piraeus Port
China's Cosco Group and four other suitors have been shortlisted as potential buyers of a majority stake in Piraeus Port Authority OLP, Greek privatisation agency HRADF said on Thursday.
Okawa Joins Hawboldt’s Marine Cranes Division
Hawboldt Industries Ltd., a manufacturer of deck equipment and a member of the Timberland Group of Companies, announced the hiring of Reed Okawa as Business Development Manager, Marine Crane Division.
Possible Vancouver Tug Strike – Update
Tug company operator Seaspan and GUILD (the union representing captains, mates and engineers) have agreed to enter blind arbitration. GAC reported in its daily Hot Port News report. Seaspan will defer the imposition of new terms and GUILD will not take a strike vote. The situation is different, however, with the International Longshoremen Workers' Union (ILWU) representing deckhand and cook. Seaspan has withdrawn the contract imposition.
Vigor Delivers Washington’s First 144-car Ferry
Vigor Fab delivered the Tokitae, the state’s newest ferry, to Washington State Ferry officials this week. The Olympic class Tokitae is the first of three 144-car ferries currently planned. It will enter service this summer on the Clinton-Mukilteo route. The second vessel, the Samish, is currently under construction at Vigor with delivery planned for early next year. State lawmakers have provided funding for a third ferry and construction is expected to start toward the end of this year.
RSC Bio Solutions Busts Myths Surrounding Readily Biodegradable Fluids
There’s a lot of conflicting information related to readily biodegradable lubricants and fluids. What’s the real story? The U.S. EPA’s 2013 Vessel General Permit (VGP) requirements are now in place requiring the use of environmentally acceptable lubricants (EALs) in oil to water interfaces for vessels over 79 feet. The VGP revision also requires any above water line hull cleaning or deck washdowns resulting in discharge to be conducted with appropriate cleaners and detergents.
New Fixed Pitch Propeller Design from Wärtsilä
Wärtsilä introduced the FPP Opti Design, a new fixed pitch propeller (FPP) design concept. According to Wärtsilä, the new design offers fuel savings of up to 4 percent…
Boskalis Sets Stock Dividend Conversion Rate
On May 13, 2014 the dividend of Royal Boskalis Westminster N.V. (Boskalis) for the financial year 2013 has been determined at EUR 1,24 per ordinary share. This dividend shall be distributed in the form of ordinary shares, unless a shareholder opts to receive the dividend payment in the form of cash. With the dividend distribution as stock, shareholders will receive one new ordinary share per 33.8 dividend rights of ordinary shares.
Carnival Donates $2.5m to Nature Conservancy
To Celebrate World Oceans Day, World's Largest Cruise Company Announces Gift to Support Ecologically Important Lands and Waters. To help celebrate World Environment Day today and in advance of World Oceans Day on June 8, Carnival Foundation in partnership with Carnival Corporation & plc is providing a $2.5 million gift over five years to support The Nature Conservancy’s global marine protection priorities.