St. Lawrence Seaway June Cargo Upswing at U.S. Ports
U.S. ports throughout the Great Lakes uniformly saw increased tonnage in several cargo categories during the monthof June 2014, according to news excerpted from The American Great Lakes Ports Association (AGLPA). "Salt, chemicals, and steel all posted excellent tonnage numbers through June when compared to last year's figures," said Rebecca Spruill, director of trade development for the SLSDC. "We're…
Chris Holm Joins KVH to Direct Human Resources Initiatives
KVH Industries, Inc., announced today that Chris Holm has joined the company to drive strategic leadership in key human resources initiatives supporting KVH’s growth. He assumes the title of vice president of human resources, a newly created role within the company. From its headquarters in Middletown, Rhode Island, KVH has a global presence that includes offices around the world. In the past two years…
APL Voted Best Trans-Pacific Shipping Line
APL today won the Best Trans-Pacific Shipping Line accolade at the 28th Asian Freight & Supply Chain Awards (AFSCAs). This is the third time in four years that APL has emerged as the preferred liner in this category, following wins in 2011 and 2012. Determined by votes cast by readers of Cargonews Asia, APL clinched the award for its leading performance in schedule integrity, customer service support and its comprehensive port calls in the Trans-Pacific trade.
Strike Affects Ports in Argentina
Discharge/loading operations at Timbues, San Martin and San Lorenzo are are affected by the indefinite strike declared by CGT San Lorenzo starting at 18:00 hours local time yesterday (16 July).
Arctic Council Received First Tranche from Russia
Russian Ministry of Finance transferred the first tranche of 5 million euros for implementation of environmental projects of the Arctic Council. This amount is the first payment of Russia’s financial contribution with the total amount of 10 million euros to the Project Support Fund of the Arctic Council, established by the Nordic Environment Finance Corporation (NEFCO). The funds are to be transferred in two tranches of 5 million euros each in 2014 and 2015, respectively, reports RIA Novosti.
P3 Network Not to be Implemented in China
The Chinese Ministry of Commerce (MOFCOM) yesterday announced that they have not approved the P3 Network (P3). P3 was a long-term operational vessel sharing agreement proposed by MSC, CMA CGM, and Maersk Line. The MOFCOM’s decision follows a review under China's merger control rules. The P3 partners take note of and respect MOFCOM’s decision. Subsequently, the partners have agreed to stop the preparatory work on the P3 Network and the P3 Network as initially planned will not come into existence.
Aker Philadelphia Shipyard : Buyback Program of Own Shares
The Board of Directors of Aker Philadelphia Shipyard ASA has resolved to initiate a buyback program for up to 10% of the Company's share capital. The decision reflects the Company's focus on maximizing shareholder returns over time, its strong financial position, its confidence in its ability to deliver on its operational commitments, and a reflection of the opportunities it sees to further develop its shipping investments.
Sound Oil Appoints Marco Fumagalli as Non-exec Director
Sound Oil, the Mediterranean focused upstream oil and gas company, announced the appointment with immediate effect of Marco Fumagalli as a Non Executive Director of the Company following the institutional investment announced on 25 April 2014. Marco Fumagalli is Continental Investment Partners' Managing Partner and a well-known Italian businessman who was previously a Group Partner at 3i. Marco is a 25% shareholder in Continental Investment Partners.
Foster Wheeler-Led JV to Develop Nafusah Onshore Oilfield
Foster Wheeler AG (Nasdaq:FWLT) announced today that a subsidiary of its Global Engineering and Construction Group, in joint venture with Taknia Libya Engineering Company (Taknia), has been awarded a front-end engineering design (FEED) contract by Nafusah Oil Operations B.V. Libyan Branch for an onshore oilfield development, known as the Area 47 Development Project in Libya. Area 47 (North Hamada Field) is located in the Hamada region…
Industry's First Color Fishfinder by Lowrance
Lowrance, a world-leading brand in marine electronics since 1957 — announced today the newest additions to its Elite family of fishfinder and chartplotter products, the Elite-3x and Elite-3x All Season pack. The most affordable color fishfinder ever introduced, the new Elite-3x includes a dual-frequency 83/200 kHz Broadband SounderTM transducer and features an LED-backlit display with detailed 240x360-pixel resolution that’s easy to see in full sunlight from wide viewing angles.
Volumes Up for Cleveland’s New Liner Service
The Port of Cleveland announced that its Cleveland-Europe Express, the dedicated monthly liner service that launched in April, had its best month to date in June.
Landing School Receives Excellence Award
The Landing School announced that it has been selected as a recipient of a School of Excellence Award from the Accrediting Commission of Career Schools and Colleges.
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.
Cameroon Cocoa Exports Down from Last Year
Cameroon, the world's fifth cocoa grower, has exported 152,941 metric tons of cocoa beans from the start of the 2013/14 season to end-June, down from 203,220 metric…
US Hearing to Review Arctic Policy
The Subcommittee on Coast Guard and Maritime Transportation, chaired by Rep. Duncan Hunter (R-CA), will hold a hearing next week to review U.S. policy in the Arctic and how the agencies with the largest presence in the Arctic intend to implement such policy. It is declared U.S. policy, relative to the Arctic region, to meet national security and homeland security needs, protect the environment, ensure sustainable natural resource management and development…
Kvichak Delivers Vessel to NSEDC
Kvichak Marine Industries, Inc. recently delivered a multi-mission 66’ all-aluminum Shallow Draft Crab and Salmon Tender to the Norton Sound Economic Development Corporation (NSEDC). The vessel was christened the Paul C. Johnson in honor of the late Paul “Koublou” Charles Johnson of Unalakleet, AK at a ceremony at Fisherman’s Terminal in Seattle. Designed by Kvichak Marine to the mission specifications of NSEDC…
China, Brazil Close Plane, Finance, Infrastructure Deals
China and Brazil sealed their expanding commercial partnership on Thursday with a $5 billion credit line for Brazilian miner Vale and the purchase of 60 passenger…
Today in U.S. Naval History: July 17
Today in U.S. 1858 - U.S. sloop Niagara departs Queenstown, Ireland, to assist in laying first trans-Atlantic telegraph cable. 1898 - Santiago, Cuba surrenders to U.S. Naval forces.
UK, Spain Dispute 'Provocative' Gibraltar Naval Activity
The British government said on Thursday it had summoned Spain's ambassador over what it described as "provocative" activity by the Spanish navy near the disputed territory of Gibraltar.
HMS Queen Elizabeth Floats for the First Time
The U.K.'s largest ever warship, HMS Queen Elizabeth, has today been floated out of the dock in which she was assembled. In an operation that started earlier this week, the drydock in Rosyth near Edinburgh was flooded for the first time to allow the 65,000-metric-ton aircraft carrier to float. It then took three hours this morning to carefully maneuver HMS Queen Elizabeth out of the dock with just two meters clearance at either side and then berth her alongside a nearby jetty.