PDVSA Offers 240MB Jet Fuel Parcel
Venezuela's state-run PDVSA has launched a tender to sell a 240,000 barrel cargo of jet fuel to be loaded on August 26-28 at the Caribbean island of Curacao, according…
Port Authority Lists Subpoenas over Bridge Closure
The Port Authority of New York and New Jersey has disclosed a list of federal and state subpoenas it has received linked to investigations into a scandal over deliberate…
Stevens Selected as Maritime Research Center of Excellence
Stevens Institute of Technology announced it has been selected as the lead institution for a new Center of Excellence for Maritime Research (CMR). The selection, announced by the U.S. Department of Homeland Security (DHS) Science and Technology (S&T) Directorate will provide Stevens with $2 million per year for five years. The Center will also include the following partner institutions: MIT, University of Miami, Rutgers University, University of Puerto Rico and Elizabeth City State University.
Center of Iselle Lashes Hawaii
Iselle weakens to tropical storm from hurricane; More than 1,200 people head to shelters. Some 5,000 without power. Hurricane Julio set to reach Hawaii on Monday.
Allianz Reports Strong 2Q 2014 Results
Allianz Group achieved strong results in the second quarter of 2014. Total quarterly revenues increased 10.0 percent to 29.46 (second quarter of 2013: 26.78) billion euros. Operating profit climbed 17.1 percent to 2.77 (2.37) billion euros. Net income attributable to shareholders amounted to 1.76 (1.59) billion euros, an increase of 10.5 percent. In the first half of the year, Allianz Group reported the highest total revenues in the company’s history.
DEKRA Acquires NDT, PI & Microscopic Operations of DNV GL
The international expert organisation DEKRA has taken over the Plant Integrity (PI), Non Destructive Testing (NDT) and Microsopy operations from DNV GL (formerly…
NOL Cuts Losses Despite Difficult Trading Conditions
NOL Group today posted a 2Q 2014 net loss of US$54 million. Nevertheless, the Group has continued to make gains at the operating level, bringing its 2Q 2014 Core EBIT (Earnings Before Interest…
Gerhard Furø Joins Havyard
On 4 August, Gerhard Furø took up the position of Vice President technical and commercial for Havyard Design & Solutions AS. Gerhard Furø has previously been a consultant with Boatlabs AS, where, in recent years, he has been working under a contract with EMAS AMS and engaged in the operation of ships and technical and commercial follow-up of newbuild projects. In Havyard Design & Solutions, he will be working together with sales…
Australia's NWS awards LNG Cargoes to Shell, Statoil
Australia's North West Shelf liquefied natural gas (LNG) export project awarded at least one cargo each to Shell and Norway's Statoil following a tender, sources with knowledge of the matter said.
PSV for Atlantic Offshore to be Named
A naming ceremony is to be held for the PSV built by Kleven shipyard recently. Built at Kleven Shipyard, the PSV no. 368 was delivered from Myklebust Verft to Atlantic Offshore on 6 August 2014. The PSV of VS 485 MKII L design from Wärtsila Ship Design, is leaving the yard and joining her sister vessel Ocean Star (delivered in May) on a Statoil chart in the North Sea. The naming ceremony for Ocean Art will be held in Stavanger during the oil and gas exhibiton ONS on 28 August.
Keppel Delivers World’s Largest Jackup Rig to Maersk
Keppel FELS Limited has delivered the jackup rig XLE-2 to Maersk Drilling, a wholly owned subsidiary of A.P. Moller - Maersk A/S, on budget and seven days ahead of schedule. The rig, which will be named at a ceremony in Norway in October 2014, is a XL Enhanced (XLE) harsh environment jackup rig. It has been customised for operations in the North Sea and has been chartered by Det norske oljeselskap ASA (Det norske) for deployment in the Ivar Aasen project in Norway for five years.
New Data Safety Service for Inmarsat FleetBroadband
Supported by European Space Agency (ESA) funding, Inmarsat’s forthcoming Maritime Safety Data Service (MSDS) for FleetBroadband, delivers an increased data capability over the Inmarsat-4 network, including the Alphasat satellite, providing global coverage and the same reliability of over 99.9 per cent associated with the Inmarsat network. MSDS will continue to offer distress alerting, priority messaging and SafetyNET safety information broadcasts…
US Shipping Firm Sues Alcoa for $300m
A U.S. shipping firm is suing Alcoa for $300 million saying it suffered losses after the aluminium maker breached a contract with the Guinean government concerning…
L-3 SAM Electronics Equips Vidar Heavy-Lift Jack-Up
L-3 SAM Electronics announced today that it has completed the supply and installation of extensive drive equipment, as well as automation, navigation and positioning systems, on board the Heavy-Lift Jack-Up Vessel (HLJV) Vidar, which is operated by HOCHTIEF Infrastructure GmbH for construction and service support of offshore wind farms. The Vidar is the latest in a series of recently completed offshore…
Superlative Cruising Encounter
A fleet of seven cruise ships attract 600,000 visitors to the fourth Hamburg Cruise Days. It was ‘time to say goodbye’ to the Deutschland and AIDAstella last Sunday, not only for the cruise passengers, but also for the many visitors to the fourth Hamburg Cruise Days. For three days the city was totally consumed by the laid back maritime cruising atmosphere that prevailed along the four-kilometre length of the event area.
Goldhofer to Display Transport Equipment at SMM
When the maritime industry gathers at SMM in Hamburg, Goldhofer Aktiengesellschaft of Memmingen will present its transport equipment for the heavy-haulage industry, which is also suited for transporting ships or ship sections and offshore plants. Goldhofer’s PST/ES-E self-propelled heavy-duty module transporters (SPMT) with hydrostatic drive and electronic multiway steering are now a standard item in the maritime industry worldwide.
Polarcus Tests Market, Improves Earnings
Polarcus Limited today announced the release of its second quarter 2014 financial statements in which it reported revenue rose 13% sequentially and 5% YoY to $137.6 million while. The company highlighted EBITDA of $49.9 million and EBIT of $23.8 million, a net profit increase to $9.2 million, from 6.3 million in Q2 2013, net cash flow from operations of $45.6 million, a strong Multi-Client prefunding of 92% and 30% reduced financing costs YoY with improved maturity profile.
Big Month for VT Halter’s Hornbeck OSV Series
VT Halter Marine, Inc., a subsidiary of Vision Technologies Systems, Inc., announced four separate shipbuilding milestones for the Offshore Supply Vessel (OSV) Super 320 Program underway for Hornbeck Offshore Services, Inc. Firstly, VT Halter Marine delivered HOS Captain on July 10. Five days later, VT Halter Marine hosted the christening ceremony of HOS Crestview held at the Pascagoula facility and launched HOS Caledonia at the Halter Moss Point facility on July 15.
Today in U.S. Naval History: August 8
Today in U.S. 1813- U.S. 1959 - Announcement of Project Teepee, electronic system to monitor 95 percent of earth's atmosphere for missile launchings or nuclear explosions.
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.