Institutional Part in Fincantieri IPO Still Not Fully Covered
The part reserved to institutional investors in the initial public offering of Italian shipbuilder Fincantieri was still not fully covered as of Wednesday evening, two sources close to the matter said on Thursday. The company is likely to increase the percentage of shares it has reserved for retail investors which have shown big interest in the IPO so far, the sources added. "There's been very good demand from retail investors...
Today in U.S. Naval History: June 26
Today in U.S. 1959 - Twenty-eight Naval vessels sail from Atlantic to Great Lakes, marking the formal opening of Saint Lawrence Seaway to seagoing ships. 1962 - NAVFAC Cape Hatteras makes first Sound Surveillance System (SOSUS) detection of a Soviet diesel submarine. 1973 - Navy Task Force 78 completes minesweeping of North Vietnamese ports. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
US Dredging Needs Growth as Army Corps’ Budget Shrinks
Spend dollars up on dredging, cubic yards moved down. Combined with a reduction in the USACE federal budget, the situation threatens a perfect storm for domestic requirements. U.S. dredging this decade, measured in cubic yards, is only half as active as it was in the early 1960s, with maintenance down slightly since then and new work off considerably, according to the U.S. Army Corps of Engineers or USACE.
The Rise of Primary and Secondary Maritime Schools
Education for the next generation, employment for life. A new source of talent emerges for maritime stakeholders everywhere. Primary and secondary maritime schools are sprouting up across the country, inspiring K-12 students to learn about the exciting, yet sometimes obscured domestic waterfront. The goals of these maritime school programs are many and multifaceted, but at the core they motivate and…
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.
New Cut Shims from Christie & Grey
Now available from Christie & Grey are precision cut factory supplied shims. Part of an integrated approach to load management and alignment, shims allow precise adjustment that is both fast, repeatable – and if necessary, directly reversible. When combined with the DS096 mount Height Data Collection Form and expert guidance from Christie & Grey’s factory application engineers, shim adjustment is an accurate way to adjust and maintain equipment for improved performance and service life.
USCG Presents William M. Benkert Awards
Vice Commandant of the U.S. Coast Guard (USCG) Vice Adm. Peter Neffenger presented the 2014 Rear Adm. William Benkert Awards at the American Petroleum Institute's…
China Looks to Join Big US-led Pacific Naval Drills
A giant U.S.-led naval exercise began off Hawaii on Thursday with China joining its Asia-Pacific rivals for the first time, but analysts doubted the drills will…
New USCG Policy on Tank Cargo Transfer
The U.S. Coast Guard (USCG) Sector Houston-Galveston has established a policy governing the transfer of cargo by foreign tank vessels in advance of overdue safety…
TDW Helps Relieve Stress on Riser Offshore Malaysia
T.D. Williamson (TDW) announced that it recently completed a comprehensive pipeline services program for a major offshore operator to assist with efforts to relieve increasing contact stress between a gas export riser and platform jacket offshore East Malaysia. Due to changes in seabed conditions, the platform jacket had moved, producing stress on the gas export riser attached to the platform jacket.
MacGregor Wins $50m Cargo Handling Order from HHI
MacGregor, part of Cargotec, said it has received further orders, worth around $50 million, for optimized cargo handling systems from Hyundai Heavy Industries Co Ltd. in South Korea. The latest contract stems from the United Arab Shipping Company (UASC) exercising its options for six more A-14-series and one more A-18-series container vessels from the yard, taking the total number of 14,500 TEU container ships to eleven and 18,800 TEU containerships to six.
Simrad Launches New ECDIS
A new, fully IMO certified Integrated Electronic Chart Display and Information System (ECDIS) navigation system has been announced today, the Simrad CS68 Integrated ECDIS, designed specifically for the commercial market. The Simrad CS68 Integrated ECDIS system offers direct access to key dedicated navigation capabilities. Installation and customization options are virtually endless, depending on the particular configuration of a vessel.
Cruise Lines Spend Big, Get Quirky to Lure Chinese Travellers
Looking to convince Chinese tourists that a ship can be a holiday destination and not just a way to get there, the world's leading cruise lines are spending billions…
Chouest Appointed to Port of New Orleans Board
Governor Bobby Jindal appointed south Louisiana businessman and entrepreneur Laney J. Chouest to the Board of the Commissioners of the Port of New Orleans. Chouest, who was sworn in during today’s Board meeting, will serve a five-year term, succeeding Joseph F. Toomy, one of two Jefferson Parish representatives on the regional Board that governs Port operations in Orleans, Jefferson and St. Bernard parishes. A native of Galliano, La.
Exalto 223BDX Wiper Motor System From IMTRA
IMTRA, the leading manufacturer and importer of quality marine products, announced today the latest addition to its extensive line of wiper products, the 223BDX external pantograph/pendulum style wiper system from Exalto. Ideally suited for push boats, the new Exalto wipers offer unmatched mounting flexibility and installation ease. The systems’ easily adjustable sweep angles, wiper arm lengths and…
Drydocks World's Management Solutions For Kleindienst Group
Drydocks World, the international service provider to the shipping, maritime, offshore, oil, gas and energy sectors, announced that it will sign an Agreement with…
EMGS Receives New contract From Tullow Oil
Electromagnetic Geoservices ASA (EMGS) has received a signed contract from Tullow Oil Norge AS worth USD 7.7 million for 3D EM data acquisition in the northern part of the North Sea. "We are delighted to work with Tullow again, and also, encouraged to see contract coverage in the Norwegian waters continue to develop favorably. Adding a multitude of contracts to our multi-client activities this year should result in the most active year in Norway to date," said Roar Bekker, CEO of EMGS.
Laying Water Pipeline, Cables in Hong Kong Port
(A) 22 deg. 15.475'N / 114 deg. (B) 22 deg. 15.668'N / 114 deg. (C) 22 deg. 15.540'N / 114 deg. (D) 22 deg. 15.430'N / 114 deg. The works will be carried out by one work boat. Some guard boats will provide assistance. The number of vessels engaged in the works will change from time to time to suit operational requirements. To facilitate the laying of submarine tracking cables, two pairs of concrete…
Altair Acquires EM Software & Systems – S.A.
Altair acquired 100 percent of EM Software & Systems – S.A. (Pty) Ltd and its international distributor offices in the United States, Germany, and China this month. This development adds the FEKO® solver to the HyperWorks® suite and strengthens the Altair simulation offering in the aerospace, automotive, and shipbuilding industries in particular, reflecting the commitment of the company to provide comprehensive, best-of-breed solutions to its customers.
Repairs to Mumbai Port's Lock Gate
The Senior Dock Master of Mumbai Port in his circular No. SDM/General/(10)/2014/1632 dated 16th June 2014 has informed that it is has planned to repair the Indira…