China Merchant Boosts Efficiency of VLCCs with Jotun HP
China Merchant Energy Shipping Co., Ltd (CMES) will upgrade the antifouling solution on their VLCCs New Builds at Dalian Shipbuilding Industry Co., Ltd. (DSIC) and new subsequent contracts to Jotun Hull Performance Solution (HPS) including SeaQuantum X200. In today’s highly competitive market, facing challenge of environment protection and economic environment, most ship owners are paying more attention to improve efficiency and reduce cost.
Short-Term U.S. Energy Outlook
The U.S Energy Information Adminstration have provided projections in their short-term Energy Outlook. * Driven in large part by falling crude oil prices, U.S. regular gasoline retail prices fell to an average of $3.49/per gallon (gal) in August, 12 cents below the July average and 21 cents below the average in June. U.S. regular gasoline retail prices are projected to continue to decline to an average of $3.18/gal in December, 12 cents lower than projected in last month's STEO. EIA expects U.S.
Innovative KO-LINK Towing Ring from Lankhorst Ropes
The innovative KO-LINK towing ring, developed by international maritime service provider KOTUG International BV, is now available exclusively from leading maritime ropes supplier, Lankhorst Ropes, under a worldwide marketing agreement. The KO-LINK ring significantly increases synthetic towing line service life by preventing the HMPE pennant from cutting through the line. KO-LINK is a highly polished, lightweight, aluminium ring, which is inserted and attached to the splice eye of the towline.
Pesticides a Concern for Aquatic Life in U.S. Rivers & Streams
Levels of pesticides continue to be a concern for aquatic life in many of the Nation’s rivers and streams in agricultural and urban areas, according to a new USGS study spanning two decades (1992-2011). Pesticide levels seldom exceeded human health benchmarks. Over half a billion pounds of pesticides are used annually in the U.S. to increase crop production and reduce insect-borne disease, but some of these pesticides are occurring at concentrations that pose a concern for aquatic life.
Porter Voices Concerns Over Texas Pipelines
Commissioner David Porter of the Texas Railroad Commission (RRC) Tuesday visited several south Texas border oil and gas facilities and pipeline rights-of-way to meet with field staff, operators, law enforcement and security officials to examine the vulnerability of Texas’ critical industry infrastructure. "While oil and gas operators take every precaution to limit any threat to their equipment and product, the unfettered flow of illegal aliens complicates their efforts,” said Porter.
Oil Refiner Bound to Goldman, Deutsche Fee Agreements - NY Judge
CVR Energy Inc is bound by agreements to pay Goldman Sachs Group Inc and Deutsche Bank AG more than $36 million in fees and expenses stemming from billionaire investor Carl Icahn's 2012 tender offer for the oil refiner, a New York state judge has ruled. The banks had each sued CVR in 2012, claiming CVR had hired them to provide financial advice on Icahn's ultimately successful tender offer for its stock, and agreed to the fees based on the size of the transaction.
Deal to End Lockout at Canada Uranium Mine
Canadian uranium producer Cameco Corp and the United Steelworkers union, which represents 535 workers at the world's largest uranium mine and a nearby mill, have agreed to a tentative deal ending a nearly two-week lockout, both sides said on Friday. Shortly after the lockout began, the union said outstanding issues included pensions, benefits and compensation for working in a remote region. The previous contract expired on Dec. 31, 2013.
China Aug Power Output Falls First Time in 4 yrs
China's power output, a bellwether for economic activity, posted its first annual decline in more than four years in August, adding to evidence that the world's second-largest economy is losing momentum after a brief rebound in the second quarter. Power output in the world's top consumer fell 2.2 percent to 495.9 billion kilowatt hours (kWh) in August from a year earlier, data showed on Saturday. While the annual fall was in part due to the high reading last summer…
Poland Received Less Gas Than Requested from Gazprom
Poland's gas pipeline operator Gaz-System said the country received about 20 million cubic metres of natural gas on Friday from the eastern direction, less than…
Gazprom Scraps Plan to Cut Gas Deliveries
Russia's Gazprom scrapped a plan to cut gas exports to Romania by 9 percent on Saturday and by 5 percent on Sunday, Romania's Energy Minister Razvan Nicolescu said.
Kalmar's Super Gloria Reachstacker for Egon Evertz
Kalmar, part of Cargotec, has received an order from Egon Evertz KG for Super Gloria, the world's biggest reachstacker. The machine will be operated at Salzgitter Flachstahl for handling hot and cold steel slabs. The design and build project was completed by Kalmar in 12 months. The Evertz Group, a company based in Solingen, Germany has specialised in serving steel mills all over the world with products and as service provider for over 50 years.
General Dynamics Wins U.S. Navy Nuclear-Submarine Contract
The U.S. Navy has awarded a $234 million contract to General Dynamics Electric Boat to provide planning yard work, engineering and technical support for nuclear submarines. The contract has a total potential value of $1.5 billion over five years if all options are exercised. Under the terms of this award, Electric Boat will provide design, engineering, material and logistics support, and research and development activities for active U.S. submarines and submersibles.
Newport International Boat Show Award Winners
Newport Exhibition Group, owners and producers of the Newport International Boat Show, announced today the results of this year’s Newport For New ProductsTM (NFNP) Awards. A highlight of the industry, NFNP entries were open to domestic and foreign products launched in the U.S. after April 1, 2014 that made their boat show debut at Newport. Show attendees selected the People’s Choice Award winner; all other category winners were selected by a team of industry experts on the basis of innovation…
Two Long Beach Port Funded Projects Opened
In a festive ceremony, two Port of Long Beach grant-funded environmental projects had their grand openings yesterday, at the Century Villages of Cabrillo homeless rehabilitation complex in West Long Beach. Century Villages at Cabrillo was awarded grants under the Port’s Greenhouse Gas Emissions Reduction Grant Program. One $161,455 grant went toward a solar energy system that will provide 150,000 kilowatt-hours of clean electricity annually…
USCG Respond to Grounded Vessel near Pleasant Harbor, Washington
The Coast Guard and Washington State Department of Ecology are responding to a report a of 65-foot pleasure craft aground near Pleasant Harbor in Brinnon, Washington, Sunday morning. There is reportedly up to 500 gallons of diesel fuel aboard the vessel and an unrecoverable sheen was reported to be visible on the water. Responders are working with the owner to deploy containment boom around the vessel and develop plans to remove the fuel aboard.
Twin Disc Mid-Atlantic Hires Ricky White
Mill Log Equipment Company DBA Twin Disc Mid-Atlantic informs it has hired Ricky White as the Territory Manager for the southern Mid-Atlantic States to include the state of North Carolina (less the Outer Banks), and South Carolina. Ricky will operate out of the full service Rock Hill, SC location and will report directly to Mill Log Equipment Group of Companies’ Director of Sales & Marketing, Don Lindsey.
d'Amico Fleet to Fit InfoSHIP EGO Monitoring
International classification society RINA Services informs it is to fit RINA’s InfoSHIP EGO performance monitoring system to d’Amico Group’s entire fleet. The first units will be installed on two newbuildings under construction in Korea and China, one tanker and one bulk carrier. The system will be progressively extended across the d’Amico fleet. InfoSHIP EGO is the fleet performance monitoring solution developed by RINA Services in cooperation with IB Software and Consulting.