Global Ocean Trade: Latest Shipbuilding Orders
Shipbuilding orders for drybulk carriers, tankships, containerships and a RoRo were placed in the past week according to 'Clarkson Hellas S&P Weekly Bulletin'. Cara Shipping, the shipping arm of Chinese domestic company Rizhao Steel, has placed orders for two further 250,000dwt VLOCs at Beihai shipyard. These are declared options with both vessels understood by Clarkson Hellas to be delivering in 2016.
Cal Dive Sells Off its GofM Surface Diving Fleet
Cal Dive International says it has sold its U.S. Gulf of Mexico shallow water surface diving fleet to a privately held company for cash of US$18.5-million and a 19.9% minority interest in the entity acquiring the assets. Cal Dive explains that the assets sold are comprised of eight surface diving vessels and miscellaneous inventory and equipment and it anticipates recording a gain during the second quarter as a result of the transaction.
BAE Systems Awarded USS Carney Repair Contract Modification
The US Department of Defense informs that a US$9,270,465 Navy contract modification has been awarded to BAE Systems Mayport, Jacksonville, Florida, for ship repairs, hull, machinery, electrical, electronics, ship alterations, and piping alteration as required on USS Carney (DDG-64). The primary focus of this repair package is to accomplish structural repairs and habitability upgrades. Work will be performed in Jacksonville, Florida, and is expected to be completed by September 2014.
GCT (USA) President & CEO James Devine Retires
Global Container Terminals (GCT) has announced the retirement of James J. Devine, President & CEO of GCT USA, at the end of June, 2014. Devine’s retirement brings a distinguished 13-year tenure with GCT to a close, where he was instrumental in revitalizing the US operations. “Jim is an exceptional leader who has capably navigated the company through challenging market conditions. GCT’s success is a testament to his tireless work and vision…
USMMA Celebrates Completion of Mallory Pier
The United States Merchant Marine Academy (USMMA) at Kings Point informs it recently hosted a ribbon cutting ceremony to celebrate the completion of Mallory Pier. The pier was completely reconstructed as part of USMMA’s overall $71 million dollar Capital Improvement Plan. Faculty, staff and guests were welcomed by the Regimental Band’s Fanfare Trumpets, who were then followed by a greeting from Rear Admiral James A. Helis, Superintendent.
Research on the Passing Effects on Ships (ROPES): Results
Bechtel says it announced the results of its research at the PIANC World Congress in San Francisco, confirming that in restricted waters, the wash from passing ships can exert large forces on moored vessels, mooring lines and fender loads, creating dangerous conditions. The research also concluded that the forces from the wash are directly influenced by the shape of the port basin, the size of the vessel, the passing distance, and the passing speed.
NYK Introduces Volunteer Point System
NYK has introduced a volunteer point system to encourage employees to participate in activities that contribute to society. As one of the activities to commemorate the 10th anniversary of the establishment of NYK’s Office for Corporate Citizenship which is a special department dedicated to managing the company’s social contribution activities. NYK will then tally the points, convert them to a monetary amount, and make donations in that amount to charities.
Fugro EMU Appoints Dr Rowe As Contractor Representative
Fugro EMU Laboratories announced the appointment of Dr Grant Rowe as the new Contractor representative for the NMBAQCS (National Marine Biological Analytical Quality Control Scheme).
Dryad Sees a Pattern in SE Asia Tankship Piracy
The latest report of a tanker hijack in Southeast Asia has prompted Dryad Maritime to issue an advisory to its shipping clients, on the basis that the crime follows a pattern, which has seen up to six such attacks, over the last nine months. The Company issued its advisory to maritime clients from its 24/7 Portsmouth, UK-based operations facility, explaining that the [Thai tankship] MT Orapin 4 laden with a fuel oil cargo…
Creditors Approve Restructuring Of Batista's Oleo E Gas - Update
Creditors of Brazilian tycoon Eike Batista's Oleo e Gas Participacoes SA approved a restructuring plan for the oil company that could lead to a quick resolution…
Express Global Logistics Moves Cement Mill From Mumbai To Spain
Express Global Logistics Pvt Ltd recently executed a cement mill project in Almonaster la real, Spain. It involved shipping and transportation of 2 nos x 57 ton mill shell measuring 9 x 5.5 x 5.5 (LBH in meters) , 4 nos x 38 ton mill heads measuring 5.5 x 5.5 x 2 (LBH in meters), various accessories from Mumbai to Almonaster la real being the destination in Spain. The desired port nearest to the final destination Almonaster la real was Huelva port in the south of Spain.
The Navigator of Nautical Institute goes Greek
The Nautical Institute, in cooperation with HELMEPA, launched a Greek language version of its popular free magazine, The Navigator at Posidonia. In order to promote professionalism at sea…
Lloyds Bank Withdraws From Rosneft-BP Loan
Lloyds Bank, part-owned by the British government, has withdrawn from a $1.5-$2 billion trade finance deal involving oil major Rosneft, in a development highlighting…
Sulzer Sells Of Its Metco Division To Oerlikon
Sulzer has successfully completed the sale of its Metco division to Oerlikon. This sale was announced on January 31, 2014. The transaction is based on an enterprise value of CHF 1 billion. Sulzer’s net cash proceeds after all taxes will be approximately CHF 850 million. Sulzer CEO Klaus Stahlmann said, “This transaction is an important step towards focusing Sulzer’s activities on three attractive key markets—oil and gas, power, and water.
Wärtsilä sells its JV shares to Transmashholding
Wärtsilä and Transmashholding have agreed that Wärtsilä will sell its 50 per cent share in the joint venture Wärtsilä TMH Diesel Engine Company LLC to Transmashholding, the other joint venture party. The divestment of the joint venture will enable Wärtsilä to concentrate on its core areas of expertise, namely complete lifecycle power solutions for the marine and energy markets. The transaction has received the relevant regulatory approvals…
Statoil's Ethics Helpline now open for all
Statoil’s Ethics Helpline has until now only been available to Statoil employees. Now the helpline will be opened up to all that wish to express a concern related to our Ethics Code of Conduct, how we do business or how we meet legal requirements. Statoil is one of the first companies in Norway to receive a license from the Norwegian Data Protection Authorities to open its Ethics Helpline to all. "Statoil is determined to be known for its high ethical standards.
AWT, KVH Deliver Weather Service
Applied Weather Technology, Inc. (AWT), a StormGeo company, today announced a partnership with KVH Industries, Inc. to deliver AWT’s BVS high-resolution weather…
Connectivity Lifts Safety and Efficiency to the Next Level
Ship classification society risk and sustainability service provider DNV GL briefed the press today on the future of shipping at an event at the Posidonia exhibition in Greece.
MOLMC Gains NK Certification for Education & Training
Mitsui O.S.K. Lines, Ltd. (MOL) today announced that its group company MOL Marine Consulting, Ltd. (MOLMC) has acquired certification for its Bridge Resource Management…
Williams Gauges Shippers' Interest in Mississippi Natgas Storage
Williams Cos Inc's Transcontinental Gas Pipeline Co (Transco) unit on Tuesday announced an open season to gauge interest in natural gas firm storage capacity at…