SCI Back in the Black
The Shipping Corporation of India Limited (SCI), the largest Indian Shipping Company has reported a net profit of Rs. 49.50 crores for the quarter ended 30.06.2014. This is against the loss of Rs. 98.70 crores reported for the corresponding quarter last year. Despite the depressed market conditions, operationally SCI has performed better as can be seen from the profit from operations before other income & finance cost, which stood at Rs. 11.94 crores, as against the loss of Rs.
Kalmar Supplies 19 Straddle Carriers to TPT, Durban
Kalmar, part of Cargotec, has gained a breakthrough order to supply ten straddle carriers to Transnet Port Terminals (TPT) Durban Pier 2, a dedicated straddle carrier operation in South Africa currently handling a throughput of 2.4 million TEU. TPT is a division of the government-owned Transnet SOC Limited currently pursuing a R300 billion capital investment programme over seven years and now in its third year of execution.
MTN Extends Prestige Cruise SatCom Partnership
MTN Communications (MTN) says it has extended the companies' 12-year relationship and will be introducing new communications services to its three-ship Regent Seven Seas Cruises fleet and five-ship Oceania Cruises operation. MTN explains that it delivers a complete communications solution including MTN Worldwide TV (MTN TV), Internet and voice services for passengers and crew, including the maritime-specific voice app for calling and messaging onboard and ship-to-shore.
New Western Flank Oil Discovery at Balgowan-1
Drillsearch Energy Limited announced that a new oil discovery at the Balgowan-1 exploration well in PEL 91 on the Western Flank Oil Fairway of the Cooper Basin. Wireline logs carried out at Balgowan-1 have confirmed a 9-metre gross oil column in the McKinlay-Namur and as a result, the well has been cased and suspended as a future oil producer, the 14th discovery in PEL 91. Analysis of the well results…
General Dynamics Success with MUOS Satellites Communications
General Dynamics C4 Systems successfully demonstrated that the AN/PRC-155 two-channel Manpack radios closed a 2,000-mile communications gap between Phoenix, Ariz.…
Bunkerers Aegean Report Strong Q2 Results
Aegean Marine Petroleum Network Inc. Sales volumes of 2,659,620 metric tons. Gross profit of $84.5 million. Operating income of $19.3 million. Net income attributable to Aegean shareholders of $9.3 million or $0.20 basic and diluted earnings per share. EBITDA of $26.7 million. E. Nikolas Tavlarios, President of Aegean Marine Petroleum Network, commented, "Our strong second quarter results extend our…
Berthing Delays for Heavy Lift Vessels at Indian Ports
Heavy Lift vessels visiting Indian ports are in for berthing delays at various ports. * In Mumbai Port, berthing delays of approx 10 days for vessel opting for BPS…
S. Korean Shipbuilders Top the Table in July
South Korean shipbuilders have shown signs of picking up after overtaking their Chinese rivals to regain the top spot last month, according to Yonhap News Agency. However, the sum of new orders in the January-July period lags well behind China rivals. The number of new orders for local shipyards jumped 3.6 times on-month to 33 ships totaling 1.4 million compensated gross tons (CGTs) in July, reclaiming their No.
Woods Hole Group Clinches Multi-Year O&M Contract
Woods Hole Group will be working with the National Oceanic and Atmospheric Administration, Center for Operational Oceanographic Products and Services for the operation…
Frank Inouye Appointed MD of AZIPAC
The Board of Directors of AziPac Ltd. have appointed Mr Frank Inouye as Managing Director, with immediate effect. Frank brings over 34 years of industry experience to AziPac and the wider Azimuth and Seacrest Group. He has worked extensively in Australia, Asia, North Africa, Canada and South America and has a proven track record of building and managing asset portfolios in both public and private E&P companies.
Big Abandonment & Recovery Missions Offshore for AF
AF Group's wholly owned subsidiary, AF Decom Offshore UK Limited, has in a consortium with Heerema Marine Contractors Nederland SE (Heerema AF Consortium), entered into an agreement with CNR, Canadian Natural Resources International (UK) Limited for decommissioning of the Murchison platform in the UK North Sea. MoU includes a major contract for engineering, preparatory, removal and recycling (EPRD) of both tires and steel foundations, in all, a combined weight of more than 37,000 tons.
Coast Guard Reopens Mississippi Following Collisions
Coast Guard Captain of the Port, New Orleans, informs that the Mississippi River has been re-opened to all traffic transiting around the International Matex Tank Terminals (IMTT) between mile marker 96 and mile marker 98. The disabled vessel, Flag Gangos, is no longer impeding traffic. The slow-bell requirement is still in effect in the vicinity of the IMTT facility. Late Tuesday watchstanders with…
Ingalls Donates to MGCCC’s Transitions Academy
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division has donated $53,640 to Mississippi Gulf Coast Community College (MGCCC) for the purchase of welding machines to be used at the school's new Transitions Academy. The academy will be housed at MGCCC's West Harrison County Center in Long Beach, Miss. "Ingalls Shipbuilding and MGCCC have a longstanding partnership in workforce development and training," said Brian Cuccias, Ingalls Shipbuilding president.
Ice Class Salvage Ship Launched
The multifunctional ice class salvage ship Spasatel Demidov – the fourth vessel of the MPSV07 project series – has been launched at Nevsky Shipyard. The vessel is…
Ecoshield Rudder Protection Generates Savings
Over the last couple of months a number of vessels have had their rudders coated with Ecoshield at shipyards in China. These include several container vessels and a car carrier.
Australian Patrol Boat Fire Yields 'Extensive Damage'
The Armidale Class Patrol Boat, HMAS Bundaberg, has suffered extensive damage following Monday’s fire in Brisbane while undergoing routine maintenance at Aluminium Boats Australia (ABA). The Queensland Fire and Emergency Service was quickly in attendance to deal with the incident. The intensity of the fire and difficulty of access was such that the fire was not extinguished until around 5pm. Early indications are that the fire started in the forward part of vessel and made it to the aft section…
BAE Systems to Build OPVs for UK Navy
BAE Systems has been awarded a £348 million contract by the U.K. Ministry of Defense to construct three new Offshore Patrol Vessels (OPVs) for the U.K. Royal Navy. The new 90-meter vessels will be built at BAE Systems’ facilities in Glasgow and will provide additional capability for the Royal Navy. Based on a proven design, the ships will be used to support counter-terrorism, counter-piracy and anti-smuggling operations in the waters around the U.K. and will protect other U.K. interests abroad.
China, Taiwan Conduct Joint SAR Drill
Both sides of the Taiwan Strait carried out joint marine search and rescue on August 7. It is the third large-scale cross-strait joint search-and-rescue drill since…
Greece Secures Aid Tranche after Passing Reforms
Euro zone countries have approved the disbursement of a 1 billion euro tranche of aid to Greece after it passed a series of reforms to qualify for the money, the Greek government said on Wednesday.
NOAA: Marine Debris Costs California Millions
Southern California residents lose millions of dollars each year avoiding littered, local beaches in favor of choosing cleaner beaches that are farther away and may cost more to reach, according to a new NOAA-funded Marine Debris Program economics study. Reducing marine debris even by 25 percent at beaches in and near California’s Orange County could save residents roughly $32 million during three months in the summer by not having to travel longer distances to other beaches.