Anatomy of a Commercial Marine Lender
Three things: experience, experience, and … experience. It’s a very familiar scenario: And, if you are the CFO, controller, president or other financial manager…
Chinese Company to Build New Port in Israel
Israel said on Monday it has selected a subsidiary of China Harbour Engineering Company to build a $950 million (3.3 billion shekel) port in southern Ashdod on Israel's Mediterranean coast.
Interview: John Witte - VP, International Salvage Union
Working full-time with Donjon Marine Co., Inc. since 1982, John A. Witte, Jr. is currently Executive Vice President. He oversees the day-to-day operations of Donjon’s Marine Salvage, Demolition, Marine Transportation, Diving, Heavy Lift and Shipbuilding Operations. Witte is also responsible for Donjon’s Regulatory Compliance Program for all marine related activities and has served as Salvage Master on numerous Donjon Salvage projects since 1982.
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.
Grain Company to Buy Canadian Crop Terminal
Canadian grain marketer CWB said on Monday it has agreed to buy Great Sandhills Terminal Ltd, a farmer-owned 20,000-tonne grain handling facility in Leader, Saskatchewan, for $16.3 million.
Brazilian Ports Pause for World Cup Matches
Football fever is so intense in Brazil, the host of the World Cup soccer tournament, that even the main shipping ports in the commodity-exporting powerhouse are shutting down when the national team plays. In Paranagua, Brazil's No. 2 soy exporting port, the dock workers' union negotiated an ordinance that lets them stop working an hour before the match and resume work an hour afterward for a total of around four hours to relax and watch the Brazilian team.
Coalition Asks Senate for Vessel Discharge Legislation
On June 20, a diverse coalition of 58 national and regional organizations representing a wide array of leading business, maritime and labor organizations signed on to a letter to Senate Commerce, Science and Transportation Committee Chairman John Rockefeller (D-W.Va.) and Ranking Member John Thune (R-SD) urging that the committee mark up and approve S. 2094, a bill that would establish a uniform, science-based national framework for the regulation of ballast water and other vessel discharges.
McAllister’s New Tug Features JonRie Winches
Commissioned last week the new Tug Buckley McAllister is one of the most advanced Tractor Tug (ASD) on the U.S. East Coast. The new vessel is complimented with JonRie Winches fore and aft. The new tug a Jensen design is name after the fifth generation of McAllister’s and new President Buckley McAllister. The vessel is a Tier III 5,150 HP along with an ABS Escort Service along with FiFi1. The vessel 92’ long with a beam of 36’ will be in service on the Cape Cod Canal.
Containership to Become Gigantic Artwork
The CMA CGM Group announced that CMA CGM Magellan, a 365-meter containership, will be covered by a collage made by French artist JR on more than 150 containers as part of “Terre d’Eaux” festival. For the first time, a containership will be turned into a work of art welcoming on his front side a JR‘s monumental collage. Thanks to the technique of photo collage, French artist JR exhibits on walls throughout the world…
Women Engineers Play Key Role in Submarine Races
MOre than 100 young people from 11 universities from six countries on three continents gather to take part in the European International Submarine Races. The event organizers are celebrating National Women in Engineering Day by highlighting the strength the involvement of women had in teams. “Twenty percent of the participants are women, and we celebrate the complete equality of roles in the teams,” says Race Director, Prof William Megill.
Legislation Aims to Boost US Infrastructure Investment
Representative Daniel Webster (Fla.-10) issued the following statement after introducing new transportation legislation, H.R. “America’s transportation and infrastructure system is the backbone of our economy and is a critical element for growth and job creation. By prioritizing investable infrastructure, TIFIA 2.0 will improve access to affordable infrastructure financing for states and local governments…
Today in U.S. Naval History: June 23
Today in U.S. 1972 - Navy helicopter squadron aids flood-stricken residents in Wilkes-Barre, Scranton, and Pittstown area of Pennsylvania. For more information about naval history…
GAC EnvironHull Reaches Third UAE Port
Following the expansion to Fujairah and Gothenburg, GAC EnvironHull is now offering its HullWiper underwater hull cleaning service at the UAE port of Sharjah. The HullWiper, a Remotely Operated Vehicle (ROV) underwater hull cleaning unit, uses adjustable pressure sea water jets for cleaning, rather than brushes or abrasives, causing minimal damage to the antifouling surface. Residues and harmful marine growths captured during cleaning are discarded in an environmentally-friendly manner…
Ivory Coast Rains Threaten Cocoa Crops
Heavy rains last week in the coastal and southern regions of Ivory Coast's main cocoa growing zone threatened the last stage of the April-to-September mid-crop, farmers said on Monday, though conditions remained good elsewhere. The marketing season for the mid-crop in the world's top cocoa grower opened on April 1 and harvesting is expected to decline from mid-July. Farmers said the focus of growers' concern over the weather was switching to the main crop. "There is too much rain.
MacGregor Hatch Covers for 10 Newbuild Bulkers
MacGregor, part of Cargotec, has won an order from Sungdong Shipyard in South Korea for side rolling hatch covers for ten 180,000dwt bulk carriers with electrically-operated opening and closing system, MacRack. The ships are being built for the New York listed Scorpio Bulkers Inc. The majority of the ships will be delivered during 2015. Scorpio Bulkers Inc, had previously ordered other ships with MacGregor side rolling hatch covers with MacRack opening and closing system.
MAN Propulsion System for New GEFO Tanker
MAN Diesel & Turbo has supplied a complete propulsion system comprising a 7L32/44CR engine, Renk gears and an Alpha adjustable CP propeller for an ultra-modern chemicals…
Crude Falls Below $114 as Iraq Supply Fears Ease
U.S. Brent crude dipped below $114 a barrel on Monday as worries about disruptions to Iraqi crude supplies began to look overdone given that exports have so far been unaffected by a Sunni Islamist insurgency. Brent was down 90 cents at $113.91 by 1336 GMT, off an intraday high of $115.66. U.S. crude for August delivery was down 54 cents at $106.29, after touching $107.45 earlier in the session. The July contract expired on Friday.
Danelec Opens Office in China
Danelec Marine has opened an office in Shanghai to serve its growing business in China. The company also said it has received orders for 48 of its next-generation DM100 Voyage Data Recorders (VDRs) from nine Chinese shipyards. The orders were placed through four Danelec licensed distributors in China. The shipyards are Jiangdong, Sanfu, China Merchants Heavy Industry (Shenzhen), Fujian Mawei, Chengxi Shipbuilding, Cosco Dalian, Zhejiang Ouhua, Zhejiang Yangfan and Zhejiang Zengzhou.
Vard to Build Two PSVs for NAO
Further to Vard’s announcement on June 2, 2014 that it signed a letter of intent with Nordic American Offshore, Vard Holdings Limited confirmed that the contracts for the design and construction of two Platform Supply Vessels (PSV) have been made effective. According to NAO, the ships will cost about $43 million each. NAO said the newbuilds will have essentially similar design and capabilities as its current fleet…
British Rower Resucued After Four Days
British solo rower, Daryl Farmer, who was taking part in the Great Pacific Race rowing from California to Hawaii, was forced to call for assistance four days after his start, having become dangerously dehydrated from sea sickness. Support boat OPA located Farmer and took him and his boat, ‘Bojangles’ (Bo), under tow on Saturday June 21 approximately 20nm off the coast of California. Heavy seas and high winds unfortunately snapped both ropes…