EURONAV to Buy 4 Japanese-built VLCCs
EURONAV has entered into an agreement for the purchase of four modern Japanese built VLCC vessels for an aggregate purchase price of $342 million. The vessels are on average three years old. This acquisition fits into the company’s strategy to further strengthen its position as the leading listed crude tanker company. The transaction allows EURONAV to expand its existing fleet with an ‘en bloc’ acquisition of four of the best vessels that can be found in today’s second hand market.
FMV's Order for Saab for Underwater Weapon System
Defence and security company Saab has received an order from the Swedish Defence Materiel Administration (FMV) regarding design plans for a new lightweight torpedo (NLT). The order refers to the period 2014-2015 and amounts to the value of MSEK 43. The order is part of the letter of intent regarding the Swedish armed forces' underwater capability, which was announced on 9 June 2014. Saab has received an order from FMV regarding design plans for a new lightweight torpedo.
Everyone’s a cAPPtain with Port of Antwerp App
The port of Antwerp is more than just locks, docks, containers, ships and bustling quayside activity, it is also great sweeping vistas of sea, sky and foreshore, nature reserves teeming with wildlife and hidden corners redolent with history. In short, in the port of Antwerp there’s more than enough to keep you going for a fascinating day out, indeed for several days. To enable visitors to find their way around and pick and choose what to see and where to go…
Technip Secures new subsea deal from trio
Technip was awarded a new framework agreement by Statoil, Exxon Mobil and Gassco for diving, subsea intervention and repair contingency services. Under the terms of this framework agreement, a replacement of an existing frame agreement held for eight years, Technip will provide these services for the next four years. This contract, effective from December 1st 2014, also includes an option for additional periods up to seven years.
Negotiations on WTO Environmental Goods Agreement
Fourteen WTO members launched plurilateral negotiations for an Environmental Goods Agreement on 8 July 2014 at the WTO. These members said the talks will promote green growth and sustainable development while providing impetus for the conclusion of the Doha Round. The participants said the talks are open to any WTO member and that the results will be applied in accordance with the most-favoured nation principle…
PMA and ILWU Provide Update on Contract Talks
The parties have agreed to take a 72-hour break from negotiations on a new coast-wide contract while the ILWU attends to an unrelated negotiation taking place in the Pacific Northwest. During this break, starting at 8 a.m. on Tuesday, July 8, through 8 a.m. on Friday, July 11, the parties have agreed to extend the previous six-year contract, which expired last week. The PMA and ILWU are negotiating a new contract covering nearly 20,000 longshore workers at 29 West Coast ports.
GAC to support Total E&P’s drilling project in S. Africa
Leading gas & oil company, Total E&P, has appointed GAC South Africa to provide shipping and logistics support for its drilling project off the coast of South Africa, which started in June this year.
SAFE Boats to Build 4 More US Navy Mk VI Patrol Boats
SAFE Boats International (SBI) says it has been awarded a contract to provide the United States Navy four additional Mk VI Patrol Boats (Mk VI PB); with options for an additional two boats. The Mk VI PB is the Navy’s next generation Patrol Boat and will become a part of the Navy Expeditionary Combat Command’s (NECC) fleet of combatant craft. SBI explains that according to the contract the Mk VI PBs…
Valls Urges End to Strike at "Sinking" Ferry Group SNCM
Workers at France-Corsica ferry operator SNCM must end their strike and let the troubled company undergo a restructuring to secure its future, Prime Minister Manuel Valls said on Tuesday.
Maritime Disputes Headline U.S.-China Talks
The U.S. pressed China to implement structural reforms in its exchange rate and to modify its "aggressive behaviour" in disputed waters during a preliminary round of bilateral talks, senior U.S. officials said. The United States, led by U.S. Secretary of State John Kerry and Treasury Secretary Jack Lew, will also push China this week to resume cooperation on fighting cyber espionage and return to dialogue on internet issues, a senior U.S. official said.
Djibouti, DP World in Legal Spat
Djibouti said it had started legal action against DP World, seeking to rescind the Dubai-owned port operator's concession in Africa's largest container terminal in a row over how the contract was awarded. "The resulting agreement unfairly favoured DP World," the government said in a statement, which questioned payments made in winning the concession in 2000. DP World said it rejected Djibouti's allegations.
Steelhead LNG Plans $30B LNG Export Terminal
A Canadian company jumped into British Columbia's crowded liquefied natural gas (LNG) export fray with a plan to build a $30 billion terminal on Vancouver Island.
Concordia Disaster to Cost Owners More than $2b
The Costa Concordia disaster, when the cruise liner capsized off Italy more than two years ago, will likely end up costing the ship's owners just over $2 billion (1.5 billion euros), a company executive told a German newspaper. "So far, our costs are at 1 billion euros. But that does not include 100 million for the ship to be broken up for scrap and the cost of repairing damage to Giglio island," Michael Thamm…
L-3 SAM Electronics Promotes Managing Directors
L-3 Marine Systems International (L-3 MSI) announced today the promotion of Armin Groth and Maik Stoevhase to managing directors of its L-3 SAM Electronics business. As managing directors, Groth and Stoevhase report to Ulrich Weinreuter, president of L-3 MSI. Having worked in the maritime industry for more than 24 years, Groth joined L-3 SAM Electronics in 2006 as managing director of its STN Schiffselektrik subsidiary before he took over SAM’s Integrated Systems business in 2009.
Wall St. Ferry Crash Spurs NTSB Safety Recommendations
The National Transportation Safety Board’s (NTSB) investigation into the allision of passenger vessel Seastreak Wall Street with Pier 11, Lower Manhattan, New York early last year has led the board to issue a safety alert regarding stairway hazards during docking and undocking. Of the 331 people on board when the vessel allided with the dock on January 9, 2013, 79 passengers and one crewmember were injured, four of them seriously.
Simplex-Turbulo to Represent Fujian Huadong Yard
Simplex-Turbulo Co. Ltd. announced that it now represents three drydocks: Jurong (Singapore), Astander (Northern Spain) and the newest addition Fujian Huadong (China). A new shipyard built in 2011, the Fujian Huadong shipyard is located on the northern side of Fujian Luoyuan Bay, a sheltered deep-water port in China. It’s centrally positioned on the eastern seaboard of China, equidistant from Shanghai and Guangzhou and northwest of Taiwan…
ClassNK, Transas Partner for Simulator Classification
ClassNK and Transas Marine Limited today signed a Memorandum of Understanding (MoU) in area of classification of maritime simulators. According to the agreement, ClassNK and Transas will jointly develop new standards, rules, procedures and guidelines related to classification of maritime simulators. New requirements will address the need for improved quality of both traditional and special areas of training, like offshore, LNG, tug and VTS operations.
Today in U.S. Naval History: July 8
Today in U.S. Naval History - July 8 1778 - Allied French fleet under Comte d'Estaing arrives in America. 1853 - Commodore Matthew C. Perry sails his squadron into Tokyo Bay. 1879 - USS Jeannette departs San Francisco to explore Arctic. 1944 - Naval bombardment of Guam begins. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Turkish Assets Rise Slightly as Oil Prices Fall
Turkish assets rose on Tuesday as tension eased in neighbouring Iraq, leading oil prices to fall and concern about Turkey's trade balance to diminish. The main Istanbul…
Italy in Talks with EU to Share Responsibility for Boat Migrants
Italy is in talks with other European Union states about sharing the burden of rescuing migrants crossing the Mediterranean in crowded boats from North Africa, senior…