USCG Training Center Holds Heritage Event
Members of the U.S. Coast Guard Training Center, Cape May, N.J., were treated to a speech on the history of the Lenape Indian tribe during a Native American Heritage event held on base, Nov. Wesley Dunn, vice president of the Museum of Indian Culture, presented interesting facts about the tribe that inhabited the area more than 500 years ago. Additionally, Dunn brought many Lenape artifacts which he displayed for members to examine.
Fraud at OW Bunker's Subsidiary
The senior management of OW Bunker has today been informed about a fraud committed by senior employees in the Singapore-based subsidiary Dynamic Oil Trading (DOT). The case is under investigation. The extent of the fraud is not yet clear, but preliminary findings suggest a potential loss of around USD 125 million. Isolated from the above, a review of OW Bunker's risk management contracts has revealed…
DryShips Reports 3Q 2014 Results
DryShips Inc. an international provider of marine transportation services for drybulk and petroleum cargoes, and through its majority owned subsidiary, Ocean Rig UDW Inc., or Ocean Rig, of offshore deepwater drilling services, today announced its unaudited financial and operating results for the third quarter ended September 30, 2014. For the third quarter of 2014, the Company reported net income of $16.7 million, or $0.04 basic and diluted earnings per share.
Flagship Niagara League Announces Partners
Representatives from the Flagship Niagara League were in Toledo on Wednesday to announce two new partnerships --- A new scholarship and training opportunity for cadets at The Maritime Academy of Toledo, and a five-year port agreement with the Put-In-Bay Chamber of Commerce. Around 25 people, including representatives of the Ottawa County Visitor’s Bureau and the Toledo Convention and Visitor’s Bureau attended the press conference held at The Maritime Academy of Toledo.
USNS Choctaw County in 'Exercise Bold Alligator'
Spearhead-class joint high speed vessel USNS Choctaw County (JHSV 2) is conducting proof-of-concept testing during Exercise Bold Alligator 2014 as an afloat forward staging base style platform. Bold Alligator 2014 is underway in multiple states and along the Eastern Seaboard. In addition to 18 other U.S. Navy and coalition ships, one of the Navy's newest platforms is getting an opportunity to test itself.
Holland America Line Creating Marine Protection Awareness
As part of its “Our Marvelous Oceans” partnership with Marine Conservation Institute, Holland America Line has created a new program that highlights and educates guests and crew about marine protected areas around the world. Developed with the team at Marine Conservation Institute, the program will educate guests and crew through on-board presentations by shipboard personnel. Topics will cover what a marine protected area is and how to visit one without causing harm to the habitat and wildlife.
G E Shipping to buy Product Tanker
The Great Eastern Shipping Company Limited (G E Shipping) signed a contract to buy a Medium Range Product Tanker of about 48,700 dwt on 4th November, 2014. The 2004 Japanese built vessel is expected to join the Company’s fleet in the current quarter. The Company’s current fleet stands at 30 vessels, comprising 21 tankers (8 crude carriers, 11 product tankers, 2 LPG carriers) and 9 dry bulk carriers (1 Capesize, 3 Kamsarmax, 5 Supramax) with an average age of 9.8 years aggregating 2.45 mn dwt.
LaGrange Cites Strong Growth Numbers in Port Address
Economic development wins, new services and expanded agreements have resulted in record operating revenues and strong, double-digit cargo growth in 2014, Port President and CEO Gary LaGrange said during the annual State of the Port Address hosted by the International Freight Forwarders and Customs Brokers Association of New Orleans today. “Through a lot of hard work by your Port and with the help of…
US Navy Aircraft Carrier Leaves Drydock
With tugboats guiding it into the James River, the aircraft carrier USS Abraham Lincoln (CVN 72) was moved from one of Newport News Shipbuilding’s drydocks to an outfitting berth on Monday. With this move, Newport News, a division of Huntington Ingalls Industries (HII), officially completed the drydock portion of the carrier’s mid-life refueling and complex overhaul (RCOH). Now at Outfitting Berth 1, the carrier will undergo final outfitting and testing.
Endurance Appointed Custodian of 1860s Shipwreck
Exploration Group, Inc., a company which performs shipwreck research, survey and recovery, was appointed, by the U.S. District Court for the Middle District of Florida, Tampa Division, as substitute custodian of the recovered hull fragment artifacts and any future artifacts recovered from the 1860s shipwreck of S.S. Connaught. "This completes our first legal steps to establish our company as salvor-in-possession of the wreck and…
High Daily Rates Boost Bourbon Q3 Revenue
Bourbon announced its financial results for the third quarter of 2014, in which its saw revenues increase by 5.7% year on year as fleet growth and higher average daily rates were partially offset by lower utilization rates. Bourbon said average daily rates increased in almost all segments and regions, owing in part to newer, larger vessels having higher day rates and also improved rates on some contract renewals and extensions.
TEN Charters up to Two Suezmax Shuttle Tankers
Tsakos Energy Navigation Ltd., a crude, product and LNG tanker operator, reached an agreement for a long-term time charter to a national oil company of a new DP2…
Cummins Launches New Engine for VSDE
Cummins Inc., a manufacturer of diesel engines for the commercial marine industry, announced the availability of the QSK50 marine engine for variable speed diesel electric (VSDE) applications. The 50-liter platform has been used in traditional fixed speed diesel electric applications, as well as traditional propulsion and power generation, since its launch in 2006. “Cummins will play a critical role in the advancement of this more efficient technology…
Coast Guard Escorts Navy Aircraft Carrier
U.S. Coast Guard crews escorted the USS. Harry S. Truman Monday through the southern branch of the Elizabeth River in Portsmouth, Va. The Coast Guard Cutter Sea Horse, home ported in Portsmouth, and response boat crews from Station Portsmouth provided the escort of the carrier during the transit.
Biden to Keynote AAPA Convention in Houston
U.S. Vice President Joe R. Biden, Jr. will deliver the keynote address on Wednesday, November 12, at the American Association of Port Authority’s (AAPA) 103rd Annual Convention and Expo in Houston, hosted by the Port of Houston Authority. Vice President Biden is a strong proponent of America’s ports, as evidenced by recent visits to ports in Philadelphia, Norfolk, Savannah, Charleston, Granite City, Ill. (America’s Central Port), Baltimore and, within the past year, Houston.
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.
SpeedCast Delivers Custom Solution to Allseas
Satellite telecommunications service provider SpeedCast International Limited has been awarded a satellite service contract by Allseas Group S.A., an offshore pipeline installation and subsea construction company. The contract covers Allseas’ flagship vessel, the Pieter Schelte, one the world’s largest ships, which took to the seas for the first time for sea trials in September. The satellite service…
Drewry, Cargosmart Expand Cooperation
Shipping consultancy Drewry and shipment management software solutions provider CargoSmart have expanded their cooperation agreement to cover a broader exchange of market intelligence data on the container shipping market. The two companies first announced their cooperation agreement in April 2012, when Drewry began using data from CargoSmart to augment its coverage of ocean carrier service reliability on key container shipping trades.
India Updates Safety Requirements for FSRUs
The Indian Government has published Order No: 8 of 2014 to address how IMO Convention and Code provisions apply to the operation of floating storage and regasification…
Howard Fireman Awarded David W. Taylor Medal
The Society of Naval Architects and Marine Engineers (SNAME) awarded its highest technical honor, the David W. Taylor Medal for notable achievement in naval architecture or marine engineering, to Howard Fireman, ABS Senior Vice President, Asset Performance Management (APM). "Howard is recognized as a technical leader in naval architecture," said ABS Chairman and CEO Christopher J. Wiernicki. "His insight…