OPEC Secretary General Says No Shortage of Oil
OPEC is ready to pump extra oil in the event of any supply disruptions caused by Iraq and its biggest producer, Saudi Arabia, can ramp up to capacity if needed, oil officials said on Tuesday.
Strategic Marine Delivers MV Thaiyak
Specialist shipbuilder Strategic Marine has delivered the On-Station vessel Thaiyak to the Australian Customs & Border Protection Service (ACBPS). The vessel was launched from Strategic Marine's facility in Vietnam in March this year and was officially accepted in Fremantle, Western Australia, by representatives of Australian Customs & Border Protection Service yesterday, Monday, June 23. The 40-meter on-station vessel…
NAO Exercises Option to Purchase Shares
Nordic American Offshore Ltd. additional 882,352 common shares. The sale of these common shares isexpected to close on June 26, 2014. After the exercise of the overallotment option…
US Cargo Ship to Load Syrian Chemical Agents Soon
An American cargo ship, the 'Cape Ray' converted into a mobile chemical weapons destroyer is expected to take charge of some of Syria's most dangerous materials next week, a U.S. defense official said. Syria on Monday handed over the remaining 8 percent of a total 1,300 tonnes that Syria declared to the Organisation for the Prohibition of Chemical Weapons (OPCW). The handover had faced repeated delays, leaving the Cape Ray docked in southern Spain awaiting a green light to proceed.
Ingalls Shipbuilding Named Platinum Fit-Friendly Worksite
Ingalls Shipbuilding, a division of Huntington Ingalls Industries, says it is doing its part to fight obesity and bolster the health of its employees. The shipyard's health-conscious changes have helped it succeed as a Platinum Fit-Friendly Worksite. Fit-Friendly Worksites are recognized by the American Heart Association as employers who go above and beyond when it comes to employee health. These companies…
Lockheed Martin Awarded DoD Port Hueneme Test Ship Contract
Department of Defense inform that Lockheed Martin, Moorestown, New Jersey, is being awarded a $12,171,921 cost-plus-fixed-fee modification to a previously awarded contract (N00024-11-C-2300 CLIN 0012) to provide procurement and engineering efforts in support of the TRS-3D Radar installation for the Port Hueneme Test Ship. The work will be performed in San Diego, California (68 percent); Clearwater…
Containership Alliance P3 Abandoned: Implications Analysed
So, Maersk, MSC and CMA CGM will not be allowed to form what would have been the largest mega-alliance in the shipping industry. But what are the implications, and what is likely to happen next? Drewry Martime Research consider these questions in their latest Container Insight Weekly. China’s regulators have blocked the P3 mega-alliance between Maersk, MSC and CMA CGM on the grounds that it infringes the country’s competition laws between Asia and Europe…
Engineering Jobs Secured by Portsmouth UK Naval Contract
The two-and-a-half-year £70 million contract will protect around 100 highly skilled engineering jobs at BAE Systems in Portsmouth, the home port of the Royal Navy’s 6 Type 45 destroyers and future home of the Queen Elizabeth Class aircraft carriers, informs the UK Ministry of Defence. Further jobs will be sustained in the company’s wider supply chain. The contract will ensure the effectiveness of these complex and capable warships is maintained…
GLDD Appoint Mark Marinko Senior V-P & CFO
Great Lakes Dredge & Dock Corporation (GLDD) informs that Marinko joins the Company to fill the role vacated in April 2014 and held in interim by the Vice President and Controller, Katherine Hayes.
Helmsman Falls Overboard, Boat Crashes Into Breakwater
Coast Guard and Washington State Ferry crews rescued a man who fell overboard from his vessel in the vicinity of Elliott Bay Marina. The 39-foot boat was moving at the time the man fell overboard and it continued on its course until it hit the Elliot Bay Marina break wall where it began taking on water and sank. Coast Guard Sector Puget Sound watchstanders received a call for help from the man who…
KNOT Public Share Offering to Fund Tankship Acquistions
KNOT Offshore Partners says it has entered into agreements to acquire from Knutsen NYK Offshore Tankers AS all of the ownership interests in the companies that own and operate the shuttle tankers 'Hilda Knutsen' and 'Torill Knutsen'. At the same time KNOT announce the public offering of 4,600,000 common share units. The purchase price of the Hilda Knutsen is $166.0 million, net of $109.6 million of outstanding indebtedness related to the vessel.
The High Seas Are Like a Failed State: Ocean Rescue Commission
The health of the global ocean is in decline and an integrated rescue package needs to be applied over the next five years, according to The Global Ocean Commission, made up of former Heads of State, Government, ministers and prominent business leaders. The Commission has spent 18 months investigating the decline of the global ocean and developed a rescue package of eight proposals to restore and protect its natural capital and services.
Upcoming Chesapeake MTI Professional Mariner Job Fair
Chesapeake Marine Training Institute (Chesapeake MTI) says it will host a professional mariner job fair August 13, 2014, from 9 a.m. to 3 p.m. at its campus in Hayes, Va.
Magnitude 8 earthquake Hits off Alaska's Aleutian Islands
A magnitude 8 earthquake Monday shook the Aleutian Islands of Alaska to the west, prompting authorities to issue a tsunami alert local, the United States Geological Survey and the Tsunami Warning Center said Pacific. The warning covering the coastal areas of the U.S. state of Alaska from Nikolski to Attu, the center said, adding that the authorities were assessing the level of risk to other coastal areas of the United States and Canada.
SafeBulkers Price Public Offering
Greece's Safe Bulkers, Inc. has set the price of its public offering offering of shares. The Company says it plans to use the net proceeds of the public offering to fund its newbuilding program and for other general corporate purposes, which may include repayment of indebtedness. The public offering of 2,800,000 shares of its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares, par value $0.01 per share…
Nam Cheong Clinches 2 Accommodation Work Barge Contract
Nam Cheong Limited a leading global offshore marine player listed on the Main Board of the Singapore Exchange Securities Trading Limited and Malaysia’s largest Offshore Support Vessel builder, today announced that it has sold two Accommodation Work Barges (“AWB”) worth approximately US$84 million (approximately S$105 million) with the option to purchase another two vessels, to a repeat customer, Bursa-listed Perdana Petroleum Berhad (“Perdana”).
Public Invited to Join Last Sailings of Veteran WSF Ferry
The public is invited to bid “bon voyage” to Washington State Ferries’ (WSF) oldest ship, the 87-car 'Evergreen State', with one last ride from Friday Harbor to Anacortes Sunday, June 29, 2014. Crews will decommission the vessel and retire it from service following this final sailing. The Evergreen State was the first vessel custom built for Washington State Ferries in 1954.“This remarkable ferry has served our customers well for six decades…
HAL's World Cruise to Span 45 ports, 25 countries, 6 Continents
When ms Amsterdam departs Fort Lauderdale, Fla., Jan. 5, 2015, the cruise will span 114 days and call at 45 ports in 25 countries on six continents. Offering a refined and elegant “home away from home,” Amsterdam guests will enjoy gracious service, superior amenities and many special Grand Voyage experiences. For guests who have less time on their hands, eight segments ranging in length from 22 to 57 days are available from departure ports along the route.
Wall St Stabilizes After 6 Days of Gains, Energy Sector Advances
U.S. stocks ended little changed on Monday in a quiet session, as investors saw little reason to continue buying on Wall Street after a winning streak of six days of the S & P 500…
Foster Wheeler Signs Agreement With BOC to Replace Heat Exchangers
Foster Wheeler AG announced today that a subsidiary of its Global Engineering and Construction Group has signed an engineering, procurement and construction management (EPCm) services agreement with BOC, a member of the Linde Group, for the installation of replacement heat exchangers at BOC’s Teesport facility, Teesside, in northeast England. The Foster Wheeler contract value was not disclosed and was included in the company’s first-quarter 2014 bookings.