Global Ocean Trade: Latest Shipbuilding Orders
Tsuneishi have taken an order at their Cebu facility in the Philippines for a total of three 81,600 DWT Kamsarmax for Japanese buyers. Nissen Kaiun declared two further options taking their total series on order to five vessels, with an additional order for a single unit by Hisafuku Kisen – all due for delivery in 2016. In the smaller sizes, China Navigation announced an order for four firm 38,000 DWT Handysize at Imabari, with delivery planned for 2017.
Wärtsilä Environmental Seal Systems First to Gain Recognition
Wärtsilä has received an important service level recognition for its Wärtsilä Airguard and Wärtsilä Oceanguard propeller shaft sealing systems from Lloyd's Register. The recognition of Lloyd's Register, a marine classification society, confirms that the sealing systems meet the US Environmental Protection Agency's (EPA) requirements. Wärtsilä, the marine industry's leading solutions and services provider and a pioneer in environmentally sustainable sealing solutions…
Port Canaveral Signs 35-year Agreement With GT USA
On June 23, Port Canaveral signed a 35-year agreement with GT USA, the United States business arm of international terminal operator Gulftainer, to operate and develop its container and multi-purpose cargo terminal. The terminal is set to open in the last quarter of 2014. The partnership with Port Canaveral is Gulftainer’s first entry into the U.S. market. Currently the largest privately owned terminal manager in the world…
OMV & Gazprom to Build South Stream in Austria by 2016
Alexey Miller, Chairman of Gazprom's Management Committee and Gerhard Roiss, Chief Executive Officer of OMV inked a Shareholders Agreement for the South Stream Austria joint project company. The document was signed in Vienna today during a visit by Russian President Vladimir Putin to the Republic of Austria. The Agreement envisages the parties' cooperation while constructing the Austrian section of…
Maersk Drilling Orders 20K™ Blow Out Preventer & Risers
Maersk Drilling has ordered four Blow Out Preventers (BOPs) and two risers from GE Oil and Gas to be used in the Project 20K™ agreement with BP. The BOPs and risers are intended to be delivered and deployed on two Maersk Drilling 20K™ Rigs by year-end 2018. The order includes options for provision of further BOPs. The order is subject to BP and Maersk Drilling taking the final investment decision on a 20K™ Rig contract.
CEVA And Ford Expand Relationship in Michigan
CEVA Logistics, one of the world’s leading supply chain management companies, today announced an expansion of service with Ford Motor Company. CEVA will provide…
Mother Nature Can’t End Dredging Crisis
There has been a lot of speculation of late that the gargantuan ice fields covering the Lakes this winter will, when they finally melt, raise water levels significantly…
Protecting Your Right to a ‘Bon Voyage’
The National Transportation Safety Board’s Earl F. Weener responds to our March 2014 MarineNews BY THE NUMBERS feature, entitled “Passenger Vessel Safety Record…
Fast Craft and Innovative COTS Solutions
Many variables drive the design decisions for High Speed Craft and RHIBS. Commercial off the Shelf Solutions often tie all of these together. The world is changing fast and nowhere is this truer than in the fast boat sector. When selecting a new boat, the questions used to be relatively simple: how long, how many engines, what fuel type and how fast? Military and professional maritime organizations have been driving the evolution of extreme fast craft for over 30 years.
Sydney Port Tariff to Rise
A Port Tariff increase will come into effect for New South Wales ports covering Sydney (Gore Bay, Port Botany and Kurnell) from August 1, 2014, GAC reported in its daily Hot Port News report.
Repsol Makes Russia’s Largest Hydrocarbons Discovery in 2 yrs
Repsol has made two new discoveries in the Russia’s Karabashsky blocks, in the West-Siberian Ouriyinskoye field. The recoverable resources from the Gabi-1 and Gabi-3 wells are estimated by the Ministry of Natural Resources and Environment of the Russian Federation at 240 million barrels of oil equivalent, a considerable addition to the resources Repsol currently holds in Russia. The Minister of Natural Resources and Environment of the Russian Federation…
Port Everglades Updates Master/Vision Plan for Future Growth
Port Everglades is planning for the year 2033 with an updated roadmap for future growth over the next 20 years that identifies $1.6 billion in capital investments to improve productivity for cargo, cruise and petroleum businesses that operate at the South Florida seaport. The Broward County Board of County Commissioners, which governs the Port as a self-funded enterprise fund, approved the Port Everglades 2014 Master/Vision Plan today during its regularly scheduled meeting.
Peak Re Appoints Credit & Surety Underwriter
Peak Reinsurance Company Limited (“Peak Re”), the fast growing Hong Kong based reinsurer announced the appointment of Kathleen Koh as Senior Vice President to underwrite credit and surety business. Ms. Koh will be responsible for developing and growing Peak Re’s credit book in Asia Pacific. As a credit & surety underwriter in the region, she has more than 15 years of combined banking and reinsurance experience…
APM Terminals Boosts Crane Capacity at Maasvlakte II
APM Terminals concluded a contract with Austrian-based crane manufacturer Hans Kuenz GmbH in combination with ABB of Sweden for an additional 22 Automated Rail-Mounted Gantry Cranes (ARMGs). The order will bolster the yard operation for Phase I of the new 2.7 TEU million annual capacity, deep-water Maasvlakte II terminal which will begin operations in November 2014. The 30-meter wide ARMGs will use…
Raytheon Anschütz Makes Landmark Delivery
Raytheon Anschütz, a German-based navigation system supplier, delivers its 15,000th Standard 22 Gyro Compass in June 2014. Onboard the superyacht Esmeralda the jubilee compass will replace an old Anschütz Standard 4 Gyro Compass which has been in operation for more than 30 years. The new generation of the Anschütz Gyro Compass – Standard 22 – was presented 10 years ago at SMM in Hamburg. Today, approximately 1,800 Standard 22 compasses are sold per year.
Training to Prevent Marine Accidents & Deaths
Reducing accidents depends on knowledge, skill and just as importantly, attitude, says the Indian Maritime Administration. And, human error is not always just seafarer error. As the government of India strives to raise India’s share of the global seafaring community from 7 to 15 percent by 2020, at the same time, it struggles with the reality of an escalating death rate attributed to accidents and suicides among Indian mariners.
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.
Carnival's Profit Forecast Down
Carnival Corp, the world's largest cruise operator, forecast an adjusted profit below market estimates for the current quarter, blaming increased competition in the Caribbean. Shares of the company, which operates the Carnival, Holland America and Costa cruise lines, fell as much as 3 percent. "The North American brands are ahead on price but are still behind on occupancy as a result of the large increase in industry capacity in the Caribbean…
FORAN Users Convene for FORUM 2014
Organized every two years among the FORAN users, the Eight FORAN Users Meeting (FORUM 2014) took place from June 11-13 in the Parador de la Granja, Segovia. The event started on Wednesday, June 11, with a guided visit to the Royal Palace and Gardens of La Granja, and with a welcome reception to the nearly hundred participants that arrived from all over the world. On Thursday, June 12, Rafael de Góngora…
Howard Delivers Commencement Address at Kings Point
The class of 2014 from the U.S. Merchant Marine Academy (USMMA), which included 225 new Merchant Marine and Military Officers, graduated in Kings Point, New York on Saturday. Vice Admiral Michelle J. Howard, Deputy Chief of Naval Operations for Operations, Plans and Strategy, delivered the commencement address to over 2,300 graduates, family members and representatives from the federal government, U.S. military and maritime industry. "America is a maritime nation," said Howard.