Shippers, Traders Scramble After OW Bunker Says Near Bankruptcy
Shipping companies and bunker oil traders scrambled to source fuel and take over supply contracts on Thursday after OW Bunker, one of the world's biggest shipping fuel firms…
Australian Army Buys Maritime Simulator
The maritime wing of the Australian Army purchased and installed a VSTEP simulator classroom for landing craft operations and navigation training at its Townsville base in Queensland. According to VSTEP, the simulator purchase was made following an enquiry from the Australian Defense Force (ADF) and Bohemia Interactive Simulations, a global software company providing simulation training solutions for military and civilian organizations.
Seaway Cargo Movements Pick up Ahead of Winter
Shipments through the St. Lawrence Seaway remained strong in October as North American manufacturers and cities stockpiled vital materials in advance of the coming winter and farmers relied on the waterway to export the new harvest. According to the St. Lawrence Seaway, total cargo tonnage from March 25 to October 31 reached 29.6 million metric tons, up 4.5 percent over the same period last year, as…
Jack-Up Barge Bolsters Offshore Accommodation
Jack-Up Barge has recently placed an order with Malaysian-based Asian Offshore Services (AOS) for additional Zone 2 blast-rated Temporary Living Quarters (TLQs). Ronald Schukking, Technical and New Building Director at Jack-Up Barge, said of the order, “Our fleet is used for a variety of purposes by contractors and operators from all corners of the offshore sector. We notice an increasing demand for…
US-flag Great Lakes Cargos Up Nearly 15%
U.S.-flag Great Lakes freighters (lakers) moved 11.3 million tons of dry-bulk cargo in October, an increase of 14.7 percent compared to a year ago. The October float…
Contamination: Primary Cause of Tank Container Claims
Speaking at the Asia Tank Container Organization’s General Meeting in Shanghai yesterday, TT Club’s Regional Director, Asia-Pacific Phillip Emmanuel outlined the major risk exposures facing the tank container industry. Based on an extensive analysis of the club’s claims experience resulting from incidents involving tank containers, Emmanuel pinpointed contamination as the leading danger, accounting for over 46% of the volume of incidents on TT’s books in the last nine years.
Imtech: Investigating Fraud Allegations
Dutch engineering and construction firm Imtech is investigating allegations it operated a cartel to overcharge German energy company RWE for the building of a power plant in the Netherlands.
Huntington Ingalls Industries Profits up in Q3 Report
Shipbuilder Huntington Ingalls Industries (HII) released its third quarter 2014 results which reported revenues of $1.72 billion, up 4.9 percent compared to the same period last year. Third quarter diluted earnings per share was $1.96, compared to diluted earnings per share of $1.36 in the same period of 2013, and adjusted diluted earnings per share for the quarter was $1.67, compared to $1.17 in the same period of 2013.
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.
Sanctions Bite Russian Arctic Oil Shippers
Shipping services that support Russia's attempts to extract oil from remote parts of the Arctic will run into difficulties as banks scale back energy financing due to Western sanctions, increasing transport costs for the frontier sector. Sanctions imposed on Russia by the United States and European Union over Ukraine have targeted the delivery of oil technology, goods and services, aiming to make it impossible for Moscow to access new oil sources.
Testing US Oil Export Ban Carries Risks
Companies eager to export U.S. oil face fines and other risks if they stray from government-approved practices, trade lawyers said this week, but the challenge is…
KVH Boosts Mini-VSAT Capacity in S. America
KVH Industries, Inc. announced major capacity increases for its mini-VSAT Broadband network at the OilComm conference in Houston today. The capacity upgrades on key South American beams have resulted in as much as three times the forward and return link capacity for KVH’s maritime VSAT customers in the area. One upgrade has boosted coverage and performance for several key markets in Brazil: the oil and gas industry…
Tug Operators Plan Strike at Port Hedland
Tug boat engineers at Port Hedland, Australia's biggest iron ore port, plan to stop work for four hours on Nov. 12 over a pay dispute, threatening exports from BHP Billiton and Fortescue Metals Group , according to tug operator Teekay Shipping. The Australian Institute of Marine & Power Engineers (AIMPE) has given notice of the stoppage, Teekay said, adding that it exempted towage already under way.
Cigar Boat Ablaze in Florida Keys
Six people were rescued by a good Samaritan following a boat fire aboard a boat southwest of Islamorada, Florida Thursday, the U.S. Coast Guard reported. No injuries have been recorded.
Seacat Debuts First Tank-tested Catamaran
Following the completion of preliminary sea trials, offshore energy support vessel operator Seacat Services unveiled the British-built Seacat Intrepid, the first DNV GL certified 26-meter crew transfer vessel to benefit from a unique three-year offshore wind farm workboat tank testing research and development program that capitalized on an improved understanding of wind, wave and weather conditions within European waters.
National Security Cutter Munro Keel Authenticated
Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division authenticated the keel of the sixth U.S. Coast Guard National Security Cutter, Munro (WMSL 755). "At this stage of construction, the NSC 6 is more complete and has better cost performance than any previous NSC," said Ingalls Shipbuilding President Brian Cuccias. "Working together, the Ingalls and Coast Guard team continues to identify…
Seaspan's Vancouver Shipyard’s Modernization Complete
Today, Seaspan’s Vancouver Shipyards officially celebrated the completion of its two-year, $170M Shipyard Modernization Project ahead of schedule and under-budget. Funded entirely by Seaspan, this project has transformed Vancouver Shipyards into the most modern facility in North America that will establish a shipbuilding and ship repair centre of excellence on the West Coast, and allow for the effective…
Longshore Union’s Job Actions Spread
Long Beach Ports, threatening holiday commerce and U.S. San Francisco, CA (November 6, 2014) – Escalating its use of orchestrated job actions that have already crippled terminal operations at Pacific Northwest ports, the International Longshore and Warehouse Union (ILWU) has now targeted the ports of Los Angeles and Long Beach by unilaterally refusing to dispatch hundreds of qualified, skilled workers…
APM Terminals to Retain Full Ownership of Elizabeth Facility
APM Terminals announced today that it will not pursue the proposed joint venture for the ownership and operation of APM Terminals’ Elizabeth, New Jersey facility. Eric Sisco, President of APM Terminals North America, stated: “APM Terminals and Brookfield worked closely with the Port Authority of New York/New Jersey to address the needs of each party. Despite the good faith efforts of all involved, a commercially viable solution was not achieved”.
General Dynamics' Support to Arkansas Healthcare
General Dynamics Information Technology, a business unit of General Dynamics, announced today that it will continue to support and expand the analytic engine and reporting system for the Arkansas Health Care Payment Improvement Initiative (AHCPII). Arkansas was the first state to implement this type of statewide payment reform initiative that rewards service providers for providing high-quality, cost-effective care under the Medicaid program.