Panama Canal Expansion Moving Forward
After the arrival of the second set of rolling gates, the Panama Canal Expansion keeps moving forward reaching a new milestone at the Pacific side with the pouring of more than two million cubic meters of concrete, the Panama Canal Authority (ACP) reported. "This is another milestone that shows the progress of various components of the Canal Expansion Project," said the Administrator of the ACP, Jorge Luis Quijano.
Dry Weather Hastens Brazil Sugar Output but Hurts Maturing Crop
Brazil's main center-south cane crop produced 2.33 million metric tons of sugar in the first half of June, up from the 2.03 million metric tons in late May as clear weather helped crushing…
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.
OEG Offshore Acquires OSCA Environmental Services
Cargo-carrying unit, OEG Offshore, announced its gain of OSCA Environmental Services Ltd., saying the acquisition expands its international reach in the Caspian region. OEG has acquired OSCA's 2,500-unit stock has multiple bases including: Baku, Azerbaijan and Aktau, Kazakhstan, and Turkmenistan. Additional stocking locations include: Sakhalin, Russia, Gabon, Congo and Angola. This acquirement is OEG’s second major global move in less than two months…
White House: No Change to US Policy on Crude Oil Exports
The White House said on Wednesday there had been no change to U.S. policy on exports of crude oil. White House spokesman Josh Earnest made the comments after reports on Tuesday that U.S.
Pearl Mist Departs Baltimore on Inaugural Sailing
Pearl Seas Cruises announced today that the brand-new Pearl Mist departed Baltimore with passengers this morning on its very first sailing. The 210-passenger ship is heading north on an 11-night cruise to Halifax, with various stops in New England and Nova Scotia. It will then begin operating a series of Canadian Maritimes and Great Lakes cruises. pearlseascruises.com
Bollinger Delivers 10th FRC to the USCG
Bollinger Shipyards, Inc. has delivered the Raymond Evans, the 10th Fast Response Cutter (FRC) to the United States Coast Guard (USCG). The announcement was made by Bollinger President, Chris Bollinger: “We are extremely proud to announce the delivery of the Raymond Evans, the latest FRC built by Bollinger, to the 7th Coast Guard District in Key West, Fla. The Raymond Evans, as well as the previous nine FRC deliveries, were proudly delivered on time and on budget.
Fairmount Tows Jack-up Rig to Singapore
Tug Fairmount Summit has towed jack-up rig West Ariel safely from Vung Tau, Vietnam, to Singapore. The towage over a distance of 1,305 miles was performed in seven days with an average speed of 4 knots. The West Ariel, a KFels B class independent leg cantilever jack-up rig, was built in 2008 by Keppels Fels, Singapore and is owned by UK based Seadrill Ltd. The 73 meters long, 10,352 GT rig can drill up to 9,144 meters in depth. For this job the Fairmount Summit was mobilized from Singapore.
Midshipman Named Northrop Grumman Navigator of the Year
Northrop Grumman Corporation recently presented the 2014 Elmer A. Sperry Junior Navigator of the Year Award for 2014 to Midshipman Robert Francisco Yerkes-Medina in ceremonies at the U.S. Naval Academy. The award recognizes a member of the graduating class who has demonstrated outstanding navigation skills and knowledge during his or her four years at the academy and is part of a naval support tradition at Northrop Grumman. This is the fifth year the company has sponsored the award.
US Navy Ship En Route to Receive Syrian Chemical Weapons
U.S. motor vessel Cape Ray departed Rota, Spain, this morning en route to the port of Gioia Tauro, Italy, where the ship will receive declared Syrian chemical weapons transferred from the Danish vessel Ark Futura, the U.S. Navy announced today in a press release. In a statement announcing the departure, Pentagon Press Secretary Navy Rear Adm. John Kirby said the transit to Italy is expected to take several days.
US Bill Passed to Speed up LNG Export Decisions
The U.S. House of Representatives on Wednesday approved legislation that would set a deadline for Energy Department reviews of liquefied natural gas export applications…
Port of Tauranga Signs Freight Deal with Kotahi
New Zealand's Port of Tauranga on Thursday said it had signed a 10-year agreement with domestic freight logistics company Kotahi to facilitate more large freight visits to the country's largest port. Under the agreement, Kotahi will provide export cargo containers to the Port of Tauranga and other ports operated by the company, it said. In addition, Kotahi will facilitate the introduction of 6,500 TEU (20-ft equivalent) ships by Maersk Line to New Zealand.
Port Of Felixstowe Commissions Greener RTG Cranes
The Port of Felixstowe has taken another step to improve both its operational and environmental efficiency with the introduction of its first electric-powered Rubber-Tyred Gantry Cranes (RTGs). The four machines, originally manufactured by ZPMC in Shanghai, have been converted from diesel to electric primary drive in the first project of its kind in Western Europe. The work was undertaken by Kalmar, part of the Cargotec group.
Dynagas LNG Completes Acquisition of Arctic Aurora
Dynagas LNG Partners LP announced today that it has completed its previously announced acquisition of the ownership interests in the entity that owns and operates the 2013 built ice class liquefied natural gas carrier Arctic Aurora from Dynagas Holding Ltd., Dynagas Partners’ sponsor, for a purchase price of $235.0 million. On June 19, 2014 Dynagas Partners entered into a new $340 million senior secured…
Adani Ports to Commission Tuna Tekra Terminal by Dec 2014
Adani Ports & SEZ Ltd, India’s largest port developer and part of Adani Group, will commission its dry bulk cargo handling terminal at Tuna Tekra in a record time by December 2014. The group shared this development with prospective clients during a trade meeting, last week. The meet, organized by Adani Ports & SEZ Ltd to make this announcement and showcase the salient features of the project, received unprecedented response…
Navios Maritime Holdings Declares Dividend on Series G
Navios Maritime Holdings Inc. ("Navios Holdings" or the "Company") (NYSE: NM) announced today that the Company has declared a cash dividend of $54.6875 per share on its 8.75% Series G Cumulative Redeemable Perpetual Preferred Stock (the "Series G Preferred Stock"), equivalent to a cash dividend of $0.546875 per American Depositary Share, for the period from April 15, 2014 to July 14, 2014. The dividend will be paid on July 15, 2014 to holders of record as of July 8, 2014.
Foster Wheeler Licensee To Supply Power Equipment to S. Arabia
Foster Wheeler AG (Nasdaq:FWLT) announced today that BHI Co., Ltd., a licensee of its Global Power Group, has been awarded a contract by Samsung C&T for the design and supply of six heat recovery steam generators (HRSGs) for the 2,100 megawatt Rabigh II combined-cycle power plant in Saudi Arabia. BHI has received a full notice to proceed on this contract. The terms of the agreement were not disclosed…
GasLog Completes Acquisition of 3 LNG Carriers from BG Group
GasLog Ltd. announced that it successfully completed the acquisition of three LNG carriers from an affiliate of BG Group plc (“BG”), which was previously announced on April 10, 2014.
Directorate Changes At Sound Oil
Sound Oil, the Mediterranean focused upstream oil and gas company, announced that the Board of Directors has decided to implement certain changes to reflect recent progress and developments. Sound Oil's current Chairman, Andrew Hockey, has decided to step down as Chairman of the Company following the Annual General Meeting. Andrew will remain on the Board as a Non-Executive Director and will continue to chair the Exploration and Production Technical Committee and the HSE Committee.
Cobbett Hill Earth Station Boosts Maritime Broadband Services
VT iDirect, Inc. (iDirect), a company of Vision Technologies Systems, Inc. (VT Systems), today announced that UK-based independent teleport operator Cobbett Hill Earth Station is upgrading the network of its maritime services unit, ION (International Ocean Services) to the iDirect Evolution 3.2 Platform. The acquisition of maritime satellite communications provider ION in 2013 marked Cobbett Hill Earth Station’s expansion into the commercial maritime market…