Panama Canal: The Billion Dollar Challenge
As the Panama Canal prepares to celebrate its 100th anniversary, insurers are warning of the increased risks that will arise from the plan to double the cargo-carrying capacity of the world’s most famous canal. In a report entitled Panama Canal 100: Shipping Safety and Future Risks, Allianz Global Corporate & Specialty (AGCS) identifies that the value of insured goods transiting the canal zone may increase by over $1 billion per day following completion of the Third Set of Locks Project…
Piraeus Port Posts Flat Profit, Sales Dip
Greece's Piraeus Port (OLP) , the largest in the country, said its first-half net profit was almost unchanged from the same year-ago period, while sales fell. Piraeus Port, which is privatisation, is one of the busiest passenger ports in Europe, a popular destination for cruise ships and one of the top cargo ports in the Mediterranean. The state-owned company reported a net profit of 3.3 million euros (4.3 million US dollar) in the first six months of 2014.
First N.American Boat Powered by Volvo Penta IPS
Thomas Paine, the new 50-ft. aluminum patrol boat that joined the Massachusetts Environmental Police fleet in July, is the first commercial vessel in North America to be powered by Volvo Penta IPS propulsion. Built by Metal Craft Marine Inc., the new vessel is equipped with twin Volvo Penta D11 510hp marine diesel engines driving IPS650 steerable drive units. Power Products, the Volvo Penta Power Center in New England…
Survitec Escape Slide Chosen for Norwegian Ferry
The all-electric Zero Cat ferry, currently under construction at the Fjellstrand yard in Norway, will enter service next year with Norled as the first Norwegian vessel equipped with Survitec Group's most advanced ESS MES automatic escape slide system. The new slide can be launched and ready for passenger use with the touch of a button and without any further intervention by the crew. This is now being…
Port of Long Beach Raises Small Business Commitment
The Long Beach Board of Harbor Commissioners – seeking to expand opportunities for a wider range of vendors, contractors and consultants – has set a higher goal for the Port of Long Beach to buy goods and services from small and very small businesses. Historically, the port has succeeded in meeting a 25 percent small business participation goal, which led to the recent Harbor Commission approval of a goal increase to 27 percent for the upcoming fiscal year, beginning October 1.
Panama Canal Opens 2nd Maintenance Congress
The Panama Canal Authority (ACP) opens today the Second International Maintenance Congress with the participation of 26 international and six local experts to promote…
Today in U.S. Naval History: August 27
Today in U.S. 1917 - Squadron of minesweepers departs U.S. 1944 - USS Stingray (SS-186) lands men and supplies on Luzon, Philippines to support guerilla operations against the Japanese. 1945 - Pacific Fleet ships enter Sagami Bay, near Tokyo, Japan. 1959 - Off Cape Canaveral, Fla., USS Observation Island (EAG-154) makes first shipboard launching of a Polaris missile. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
GreenSteam Optimizer to Display at SMM
As a developer of marine fuel efficiency and optimization systems, GreenSteam will showcase its fuel saving GreenSteam Optimizer in the Danish pavilion at SMM in Hamburg, September 2014. Making good decisions on board based on sound and accurate data is the basis for efficient operation of any vessel. GreenSteam Optimizer is an onboard decision support system that is an adaptive, data-driven solution, helping the master to make the right decisions.
MacGregor Wins Stena RoRo Conversion Job
MacGregor, part of Cargotec, has received a contract from Stena North Sea Ltd. to convert the 29,800gt RoPax ferry Dieppe Seaways to optimize it for its new route between Dublin and Holyhead in Ireland. The order further strengthens MacGregor's position as the first choice supplier for RoRo conversions and was booked into the second quarter 2014 order intake. MacGregor's RoRo conversion team is no stranger to the vessel…
MES-UBI Begins Operations in Vietnam
Mitsui Engineering & Shipbuilding Co., Ltd (MES) and UBI Tower Sole Member Limited (UBI Tower) established the joint venture company named MES-UBI Heavy Industries…
Port of New Orleans Sponsors Agricultural Summit
The Port of New Orleans has signed on as a sponsor for the 9th annual Oilseed & Grain Trade Summit, taking place here October 7-9, 2014, at the Hyatt Regency New Orleans. The Summit is reportedly the largest annual industry event that convenes buyers, sellers and global leaders in the oilseed, protein meals, vegetable oils and feed grains sectors, and includes discussions on the challenges and opportunities of logistics and transportation in the agriculture sector.
Governors Write Obama for Mississippi River Funding
The Governors of the five Upper Mississippi River States of Illinois, Iowa, Minnesota, Missouri and Wisconsin are seeking President Obama’s support for critical…
SeaProcurement Version 2 Now Available
iMarine Software announced today the release of SeaProcurement (SeaProc) Version 2, the next generation of eProcurement systems specifically targeting the marine industry.
MN 100: Donjon Marine Co., Inc.
President & CEO: J. Donjon Marine Co., Inc. offers the marine community full-service solutions to meet every need in the field of marine salvage, dredging, material recycling and related services. Founded in 1964, Donjon Marine’s principal business activities were marine salvage, marine transportation, and related services. Donjon’s controlled expansion into related businesses such as dredging, ferrous and non-ferrous recycling and heavy lift services are a natural progression…
MN 100: gplink
gplink is the most capable remote diagnostic tool available for high horsepower systems. Globally, gplink helps vessel owners and fleet managers by remotely plotting asset locations while also monitoring engines & critical systems. gplink also helps to secure & protect high horsepower assets. Customers receive instant notification of alarm conditions or unauthorized movement. Proactive diagnostic & repair services keep customers assets on the water.
MN 100: Scania USA Inc.
121 Interpark Blvd. Ste. Scania U.S.A. Inc. is a wholly owned subsidiary of Scania CV AB with its North American Headquarters located in San Antonio, Texas. The firm’s National Parts Distribution warehouse is centrally located in Jeffersonville, Indiana. Worldwide, Scania operates in some 100 countries and has 38,600 employees. Of these, 3,300 work with research and development – mainly in Sweden, close to the company’s production units and global head office.
Livanos Becomes Euronav Chairman
On 22 July 2014, the Board of Directors of Euronav NV unanimously appointed Peter G. Livanos as Chairman of the Board, with immediate effect in replacement of Marc Saverys who was appointed Vice Chairman of the Board of Directors. Saverys said, “I am pleased to step down after one of the busiest times the company had in its history and give the chairmanship to Peter for a period that promises to be very exciting, as the expected tanker shipping markets recovery seems in sight. Peter G.
Storm Surge Halts Vessel Operations at Long Beach
Two cargo terminals at the Port of Long Beach announced Wednesday, Aug. 27, that they were suspending vessel operations for the day because 10- to 15-foot high wave surges powered by Pacific Hurricane Marie endangered longshore workers. Total Terminals International on Pier T, with two Mediterranean Shipping Co. container ships at berth, and Crescent Terminals on Pier F, with two break-bulk ships including a MOL roll-on, roll-off vessel at berth, stopped working the ships late Tuesday.
EU to Help Italy Cope with Boat Migrants
The European Commission said on Wednesday it would launch an EU version of Italy's sea rescue operation to help it deal with the droves of migrants crossing the…
Seaborne Ethane and Demand for a New Ship Type
Lloyd's Register report looks at the commercial landscape, regulatory issues and technical realities of a new trade in ethane emerging as a result of increased U.S. U.S. ethane production capability, as a byproduct of total increased U.S. gas production, is underutilized. The potential exists for annual exports of 1 million metric tons of ethane to provide employment for 0.18 million cubic meters of shipping capacity if shipped to North Europe…