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.
Shipowners Club Shares Half Year Results
The Shipowners’ Club has released its half yearly results as at 20th August for the 2014/15 year, and reports a strong underwriting performance with a significant increase in free reserves over the same period last year. The decision to withdraw from the Pacific North West fishing sector, taken last year, has resulted in a loss of premium income but is expected to have a positive effect on the underwriting result.
MacGregor Secures Deck Machinery Orders from Sinopacific
MacGregor has signed a new series of deck machinery orders for 12 vessels with the China-based Sinopacific Shipbuilding Group. This builds on a track-record of contracts that now stands at 150 shipsets of equipment successfully delivered and installed at Sinopacific yards. The orders were booked into the third quarter 2014 order intake. "These orders demonstrate Sinopacific's confidence and satisfaction with MacGregor equipment and its services…
Tsakos Energy Navigation Declares Dividend
Tsakos Energy Navigation Limited, a crude, product and LNG tanker operator, has announced that its Board of Directors declared regular quarterly cash dividends…
SHIPPINGInsight 2014 Wraps in Stamford
More than 150 shipping industry professionals from around the world gathered this month in Stamford, Conn., for SHIPPINGInsight 2014 – a technical and ship operations forum for the maritime industry in North America. The annual SHIPPINGInsight event, held Sept. 30 – Oct. 2, encompassed three days of presentations, discussions, debates and networking. Participants represented a cross section of all sectors of the shipping industry – shipowners…
New York Man Rows to Cuba
Victor Mooney, of Queens, New York and his Brazilian built rowboat, The Spirit of Malabo, are about eight hundred miles from Miami. He must first get through Cuba. Mooney began his transatlantic row on February, 19 from the coast of Africa to honor his brother who died of AIDS in 1983 and to advocate voluntary HIV testing. This is Mooney’s fourth attempt at this feat and the furthest point he has reached. He has overcome eighty pound weight loss and a shark attack.
Extreme Applications Demand Specialist Small Craft
In a dangerous world, even the largest ship in the world depends on the smallest maritime security and special mission platform. And when it comes to small boat security operations, innovation is the name of the game. With 90% of world trade transported by sea then passing through ports and waterways, no amount of technology will replace the requirement for multiple small fast craft and skilled operators.
ZF Marine penetrates domestic inland waterway markets – enjoying good success with two U.S. majors. The prospects for an even brighter future hinge on the performance of its early entries. So far, so good. It’s no secret that the domestic, inland marine business can be conservative in its approach to adopt new technologies, but then, this can probably be said of the global waterfront, as well. But the market is changing…
Ending US Oil Export Ban Would Not Raise Gasoline Prices - Study
Ending a 40-year old ban on U.S. crude oil exports would not raise domestic gasoline prices because it would put more petroleum onto global markets, where fuel prices are primarily set…
Puerto Rico Announces Plan for Port of the Americas
Puerto Rico announced today that it is looking for a major international port operator to partner with on the development of the Port of the Americas, located in Ponce…
Protecting Shippers from Ebola Outbreak
The IMO have reacted quickly in response to the international emergency recently declared by the World Health Organization (WHO) over the Ebola outbreak in West Africa. In September the IMO issued an international circular ‘3484’ calling for a united response from the shipping industry to contain the virus. Specifically it calls for ship operators to define 'measures to reduce the risk of exposure' if they are likely to have ships trading to and from ports in Ebola-affected States.
Fincantieri: Vard Expects Negative EBITDA in Q3
Italian shipmaker Fincantieri said its Singapore-listed subsidiary Vard expects marginally negative earnings before interest, tax, depreciation and amortisation (EBITDA) in the third quarter. Vard, which makes offshore vessels for the oil and gas industry, expects reduced EBITDA as slower-than-expected improvements in productivity, as well as additional costs incurred for two vessels, dent profitability, Fincantieri said in a statement.
WR Expands US NAVCOM Service Capability
U.S.-based maritime technology firm WR Systems has expanded its commercial maritime service network within the U.S. The opening of strategic service centers in Tampa, Fla. and New Orleans, La. complements the existing service hubs of Norfolk, Va. and Jacksonville Fla., the company said. WR devotes almost 100 technicians to the support of commercial, military and publicly owned vessel NAVCOM systems.
Euronav Announces $340m Credit Facility
The executive committee of Euronav NV announced that it has signed a new $340 million senior secured credit facility led by ING Bank NV acting as sole Bookrunner and together with Citibank NA…
DNV GL Forms Americas LNG Solutions Group
To meet the rapidly growing demand for a wide variety of LNG related services, DNV GL has established a group of LNG experts in North America. In addition to deep LNG expertise, the Houston-based “LNG Solutions Group - Americas” is also experienced in all business, risk and regulatory matters specific to the North American market. With the increasingly strict regulation of sulphur emissions in force next year and the already tightened Emission Control Area regulation for the U.S.…
Two Workboats Sinking Near Mobile Ship Channel
The U.S. Coast Guard said it is responding to two sunken vessels in Mobile Ship Channel north of Gaillard Island, Tuesday. Coast Guard Sector Mobile watchstanders…
TrustLube Delivers Lubrication System for Shell’s Prelude
TrustLube is among one of the first suppliers to deliver her high-tech system to SBM Offshore for Shell’s Prelude, which was launched in December last year. The TrustLube system was completely engineered and produced at the OudGastel location in The Netherlands. The system consists of an explosion proof grease cabinet to lubricate the radial wheel, axial boogie and axial boogie guiding of the world’s largest turret.
Capsized Boats Leave Mile-long Sheen in Mobile
Vessels were being urged to travel carefully through the Mobile shipping channel on Tuesday after two boats containing 2,000 gallons of oil capsized the previous night…
World Gasoline Price Slips Below Brazil Level
The price of gasoline on the international market has slipped below the domestic price of the fuel in Brazil for the first time in nearly four years, a situation…
Kinder Morgan to Add Oil Storage Capacity in Houston
Kinder Morgan Energy Partners, L.P. said it will add 2.1 million barrels of storage at its Pasadena and Galena Park terminals just outside Houston. The $210 million…