Final Payment on Fortis Debentures
Fortis Inc. announced that holders of its 4% convertible unsecured subordinated debentures represented by instalment receipts that the final instalment payment of $667 per $1…
Mariners Urged to Prepare for Storm ANA
The public is advised to use extreme caution and prepare for the onset of heavy weather expected to generate extreme sea conditions, storm surge and high surf throughout the Main Hawaiian Islands prior to the arrival of Troppical Storm Ana. Mariners should secure their boats and boating equipment. Owners of large boats are urged to move their vessels to protected marinas where they will be less likely to break free of their moorings or to be otherwise damaged.
‘Hazardous Material’ Found on Australian Naval Base
A routine inspection this morning of on-base accommodation in the Australian Navy’s naval base HMAS Cerberus resulted in suspected hazardous material being located in a residential unit. A 400-meter safety zone was established around the accommodation block as a precaution. Victoria Police attended the scene and assessed that there was no suspicious material. However, there were some hazardous items identified which Australian Defense does not permit to be stored in on-base accommodation.
Weathernews Opens Manila Operations Center
Weathernews Inc. announced it has established a new operations center in the Philippines in response to the shipping industry’s demand for the company’s risk communication services. The company officially kicked off operations for their voyage cost-optimizing services this month from the new Manila Operations Center with a commencement event in the City of Makati last week. Weathernews aims to help…
APM Completes $2m Refit Ahead of Schedule
Atlantic Pacific Marine has completed the $2 million refit of the Crystal Symphony three days ahead of schedule. A team of 130 men worked around the clock while she was drydocked in Hamburg during September. APM’s work scope included installing new ducting and GF pipework, engine room mechanical repairs and renewing the ship’s loading deck. In total, the project took just sixteen days. “We were delighted to complete three days early,” said APM Director, Philip Rodrigues.
European Commission VP Welcomes European Shipping Week
In a letter to Patrick Verhoeven, Secretary General of the European Community Shipowners’ Associations (ECSA), Commissioner Kallas said there was no doubt that Europe needs a high quality shipping sector "that can compete around the world." Maritime transport is a cornerstone of European industry, he said, playing an essential role in Europe's economy. He added, "The European Shipping Week should be…
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.
Second EUCAP Nestor Training Course for Seychelles Coast Guard
On October 16, 21 new personnel were received by Lt. Col. Simon Dine, Commanding officer of the Seychelles Coast Guard (SCG), to commence their basic maritime training. This foundational maritime program was first implemented this year in collaboration between EUCAP Nestor and SCG with the first batch of personnel graduating the course on August 22. The training course is scheduled to run for eight weeks…
Donohoe Welcomes Ships’ Light Dues Arrangements
Minister for Transport, Tourism and Sport Paschal Donohoe T.D., announced today that he has agreed arrangements with his U.K. counterpart, Minister John Hayes MP…
BOEM Proposes O&G Lease Sale in Gulf of Mexico
As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, Bureau of Ocean Energy Management…
Eagle Bulk Cuts Debt by 80%, Shares Skyrocket
Eagle Bulk Shipping Inc's shares shot up to as much as $15.46 from 68 cents as the company cut its borrowings by about 80 percent after converting debt into equity…
Ferry Vital Link for Island off Taiwan
Nearly 13,000 people inhabit the four-by-two-kilometer Linqiu Island located about 7.5 nautical miles southwest of the Donggang on the main island of Taiwan. Primarily fishermen, the island’s population is very dependent on the ferry service to get to the larger center on the main island. Lingiu is also the only one of Taiwan’s smaller islands that has been formed by coral. Increasingly the fantastically…
Port of LA Container Volumes on the Rise
The Port of Los Angeles has released its September 2014 containerized cargo volumes, showing overall volumes in September 2014 increased 9 percent compared to September 2013. Total cargo for September was 775,133 Twenty-Foot Equivalent Units (TEUs), marking the busiest single month at the port since August 2006. According to the port, the increased volume reflects peak season volumes and larger vessels calling at the Port of Los Angeles.
AVEVA, Capgemini Bolster Global Alliance
AVEVA and Capgemini today announced the signing of a global alliance agreement, which the companies expect will benefit asset-intensive industries such as oil and gas…
GE Helps US Navy Improve Energy Efficiency
GE’s Power Conversion business was chosen by Naval Facilities Engineering Command (NAVFAC) to build a test system for a cleaner and more productive future in full…
Maersk Supply Service Orders Six Anchor Handlers
Kleven Maritime A/S has been contracted by Maersk Supply Service to build six anchor handling tug supply vessels, with options for four additional newbuilds. The vessels, all of Salt Ship Design’s SALT 200 AHTS design, will be built at Kleven's two shipyards in Norway, Kleven Verft and Myklebust Verft for deepwater operations for potential customers including international oil companies and construction companies worldwide.
TEN Comments on Tanker Market Conditions
Crude, product and LNG tanker operator Tsakos Energy Navigation Ltd. (TEN) said today it believes that the recent decline in TEN’s stock is in direct contrast to the state of the physical tanker market, the future prospects and the financial strength of the company. TEN management believes that the supply and demand balance, particularly for crude tankers, is in equilibrium and should provide a solid platform for continuing the healthy rates and asset prices currently in evidence.
US, ATP-IP Reach Settlement over Unauthorized Oil Discharges
Under a settlement agreement with the United States, ATP Infrastructure Partners, LP (ATP-IP) will pay a $1 million civil penalty and perform corrective measures to resolve claims by the U.S.
Liebherr Delivers Two Carnes to Indian Shipyard
Liebherr-Werk Biberach GmbH delivered two cranes for permanent use in a Lavgan Dockyard in India. The two 200 EC-H 10 FR.tronic top-slewing cranes will be used permanently in the ship repair yard operated by Lavgan Dockyard Ltd. near Ratnagiri in the Indian state of Maharashtra. The tower cranes have a load moment of 200 metric tons and are used to position heavy components which are being replaced as part of repair work on ships.
US, Canada to Conduct Full-scale Port Security Exercise
U.S. and Canadian military personnel and government civilian agencies are scheduled to participate in Exercise Frontier Sentinel 14 from Friday through Oct. 24.