Making Friends: South Korean Admiral Tours China Warship
A South Korean Navy admiral toured a Chinese warship in a rare opening by Beijing to its People's Liberation Army vessel last week during U.S.-led Pacific RIMPAC maritime drills, according to Yonhap News Agency, citing China's defense ministry. Rear Adm. Yun Jeong-sang, who commands South Korean Navy vessels participating in the current RIMPAC multinational naval exercises, visited the Chinese guided-missile destroyer Haikou.
ISC Declares Preferred Stock Dividends
International Shipholding Corporation inform that its Board of Directors has declared a dividend of $2.375 per share on its Series A Cumulative Redeemable Perpetual Preferred Stock (NYSE:ISHPRA) and a dividend of $2.25 per share on its Series B Cumulative Redeemable Perpetual Preferred Stock (NYSE:ISHPRB), each representing payment for the full ninety day period ending July 30, 2014. The dividend will be paid on July 30, 2014 to preferred shareholders as of record on July 29, 2014.
IGT's iDX 3.2.3 Software for Increased Bandwidth & Higher Throughputs
iDirect Government Technologies, Inc. (iGT), a wholly owned subsidiary of VT iDirect, Inc. (iDirect), today announced the availability of iDX 3.2.3 software, which meets the military…
Leidos Constructing AUV Anti-Submarine Warfare Tracker
National security, health & engineering solutions company, Leidos, says it has under construction an autonomous unmanned vessel designed to track quiet diesel-electric submarines spanning miles of ocean depths for months at a time with minimal human input, and due for testing at sea in 2015. Construction on the ACTUV (Autonomous Continuous Trail Unmanned Vessel) is under a Defense Advanced Research Project Agency (DARPA) program for the design…
USCG Rescues Stranded Hiker Near Seaside, Ore
The Coast Guard hoisted a female hiker who became trapped along the Ecola State Park cliffs by the incoming tide south of Seaside, Oregon, Sunday. Watchstanders at Coast Guard Sector Columbia River in Warrenton, Oregon, received a report from local authorities of a stranded hiker, at approximately 3:55 p.m. An MH-60 Jayhawk helicopter crew from Coast Guard Air Station Astoria, Oregon, launched to the scene and safely hoisted the stranded hiker.
Fastnet to Farm in Tendrara Lakbir
Fastnet, the UK and Irish listed E&P company focussed on near term exploration and appraisal acreage in Morocco and the Celtic Sea, announced that its wholly owned subsidiary Pathfinder Hydrocarbon Ventures Limited (Pathfinder) has entered into an amended exclusive option agreement with Oil and Gas Investments Funds (OGIF) (the "Option Agreement"), in relation to eight Exploration Permits comprising the Tendrara Lakbir Petroleum Agreement (the Tendrara Licence) onshore Morocco.
Kalmar Delivers 10 Straddle Carriers to MCT
Kalmar, part of Cargotec, has gained an order to supply ten electric straddle carriers to its long standing customer Medcenter Container Terminal (MCT), part of the Contship Italia Group, in Gioia Tauro, Italy. The order was booked into Kalmar's second quarter order intake with deliveries scheduled for November 2014. The latest order sees Kalmar strengthen an already long standing relationship with MCT.
CEVA named One of Best Companies to Work for in Asia
CEVA Logistics, a leading global supply chain management company, today announced that it was named as one of the Best Companies to Work for in Asia, at the HR Asia Awards, 2014 conducted in Singapore. From the 113 Singapore companies audited for this year’s awards, CEVA was one of thirteen companies from all industries selected and the only supply chain company named. The award is given to world-class corporations with high levels of employee engagement and excellent workplace cultures.
JR Transforms CMA CGM MAGELLAN into Work of Art
The CMA CGM MAGELLAN, a 365 meters long vessel, has been transformed into a work of Art by world-renowned artist, JR. Discover this amazing project and the video of the construction of this gigantic work of art. With this initiative, JR wanted to conclude his project "Women are Heroes" initiated in 2008, when he photographed the eyes of extraordinary women all around the world. After working on the collage of 151 containers…
Integrated Composite Resins likely from Total's CCP & POLYNT
CCP Composites, a Total company specialized in composite resins, and Polynt Group, a provider of intermediate polymers and composites, are planning to combine to create an integrated composite resins producer that will rank number one in Europe and number three globally. Reflecting its commitment to this alliance, Polynt Group has made a firm offer for CCP Composites. In light of the quality of the offer…
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.
Metal Shark Hires Wegener as Sales Director
Louisiana-based boat manufacturer Metal Shark Aluminum Boats has hired Carl Wegener as its Director of Commercial Sales, the company announced today. Wegener brings a diversified background in engineering, strategic planning, and business development, with over 25 years of experience in the boat and shipbuilding industry. At Metal Shark, he will utilize this background and his extensive list of industry contacts to develop the company’s relationships with operators in the passenger ferry…
Solar Boats Gather for Race in Monte Carlo
Shock Mitigation and the RIB & HSC Directory are official sponsors and media partners with the Solar1 event in Monte Carlo. Solar powered boats from all over the world are set to battle it out over two days in the first truly green solar powered boat world championship. From July 10-12, 2014 the historic Yacht Club de Monaco is hosting the Solar1 event, competing for the Monte Carlo Cup. Developed by universities all over the world and driven by young students…
Fugro Signs Multiyear US Government Contract
Fugro is one of eight firms recently awarded a five-year hydrographic survey contract by the United States’ National Oceanic and Atmospheric Administration (NOAA). Task orders under this indefinite delivery, indefinite quantity (IDIQ) contract will support development of updated navigational charts in U.S. waters, including Alaska, Hawaii, the Territories and the Great Lakes. With a maximum value of…
Panama Canal Cost Dispute Arbitration to Begin in July
Arbitration to decide who will bear the Panama Canal expansion project's $1.6 billion cost overrun, a dispute that temporarily halted work earlier this year, will begin in closed-door sessions in Miami later this month, according to lawyers arguing the matter. On July 21 "both sides will submit their terms and draft procedural orders for how things will work," said Carolyn Lamm, an attorney with White & Case representing the Spanish-led construction consortium.
Today in U.S. Naval History: July 7
Today in U.S. 1798 - Congress rescinds treaties with France; Quasi War begins with Frigate Delaware capturing French privateer, Croyable. 1846 - Commodore John D. Sloat lands at Monterey and claims California for U.S. 1916 - Thomas A. 1948 - First six enlisted women sworn into Regular Navy. The Navy WAVES in Naval Reserve, who were the first to transfer to the Regular Navy, were Kay Louise Langdon…
Aker Subcontracts RDS for Statoil FEED Work
RDS, a rig design and engineering subsidiary of international drilling contractor KCA Deutag, has been awarded a $10 million contract to carry out front-end engineering…
Mitsubishi Takes Stake in UAE Water Firm Metito
Japan's Mitsubishi Corp and Mitsubishi Heavy Industries have acquired a 38.4 percent stake in water and wastewater project developer Metito Holdings for an undisclosed sum…
Iridium GMDSS Application Reviewed by IMO
Iridium Communications Inc. today announced that its application to the International Maritime Organization (IMO) for the provision of mobile satellite communications…
Liberia: Shipping Does Not Need New Regulations
One of the world’s largest and most active shipping registers, The Liberian Registry, has called on shipping regulators to ensure the effective implementation of existing rules to protect human life…