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.
Nominations for "Great Ships" Coming to a Close
Maritime Reporter & Engineering News, the world's largest circulation b2b marine publication, announced that Applications for its Annual Awards Issue -- "Great Ships of 2014" -- will close on Friday, November 21, 2014. This annual awards edition recognizes a selection of the world's best ships built during the calendar year. 3. Specifications List: Ship's main particulars and outstanding equipment.
JPMorgan Hires Former Glencore Crude Trader
JPMorgan Chase & Co has hired Edwin Tay, formerly with Glencore, as a senior crude oil trader in Singapore, industry sources said on Wednesday. Tay starts with the U.S. bank in January, they said.
MES Delivers "Eco Friendly" Bulk Carrier
M.V. Mitsui Engineering & Shipbuilding Co., Ltd. (MES) completed and delivered a 56,000 dwt type bulk carrier M.V. “HANJIN CHIBA” (MES Hull No. 1829) at its Chiba Works on 19th November, 2014 to VENUS OCEAN NAVIGATION S.A., Panama. This is the 7th ship of our “neo56BC”, the new generation eco-ship. This keeps the superior usability and reliability of “Mitsui 56” which is highly appreciated in the market and more than 160 units have been delivered by MES.
Ocean Signal Debuts RescueME EPIRB1
The rescueME EPIRB1 has been developed by Ocean Signal. Featuring a 30% reduction in size compared to other EPIRBs, a 10-year battery life and a retail price that makes it one of the most affordable Class 2 GPS EPIRBs in the market, the rescueME EPIRB1 provides the boat’s essential link to emergency services. The new rescueME EPIRB1 measures just 178mm (height with antenna stowed) by 89mm and weighs 422g.
ICAP Shipping in Merger Talks
Shipping market prospects picking up after record downturn; shipbroker M&A deals have gathered pace this year. ICAP's shipping business is in merger talks with rival shipbroker Howe Robinson…
N-KOM Recognized for Shipyard Safety, Security
Nakilat-Keppel Offshore & Marine (N-KOM) received the Safety & Security Award at the inaugural edition of The Maritime Standard (TMS) Middle East & Indian Subcontinent Awards, held at Atlantis The Palm, Dubai. Sponsored by ADNATCO-NGSCO, this is the first award the shipyard has received in the Safety category. The award underlines the company’s strong commitment towards safety and effectiveness of its robust safety program…
Mazurek is '2015 Coast Guard Engineer of the Year'
Dr. David Mazurek, a civil engineering professor at the U.S. Coast Guard Academy, has been named the winner of the 2015 U.S. Coast Guard Engineer of the Year Award. Mazurek was selected from a strong and diverse pool of exceptional nominees based on his educational, professional, and personal achievements. An expert in structural analysis and design who has served as an Academy civil engineering professor for more than 24 years…
Ocean Rig's $120m Loan Agreement with DryShips
Ocean Rig UDW Inc. On November 18, 2014, Ocean Rig’s $120 million loan to its majority shareholder, DryShips Inc. (―DryShips‖), was approved by a special committee of Ocean Rig’s Board of Directors which received a fairness opinion from Global Hunter Securities, a division of Seaport Global Securities LLC, and the loan agreement was executed by both companies. This loan is for a period of 18 months…
Transocean's Fleet Update Summary
Transocean Ltd. issued a monthly Fleet Update Summary which includes new contracts, changes to existing contracts, and changes in estimated planned out-of-service time of 15 or more days since October 15, 2014. The total value of new contracts since the October 15, 2014 Fleet Status Report is approximately $83 million. - Discoverer Enterprise - Awarded a one-well contract extension in the U.S. Gulf of Mexico at a dayrate of $399,000 ($32 million estimated backlog).
Cummins, Konrad Debut Diesel Sterndrive Package
Less than one year after announcing the formalization of their relationship, Cummins and Konrad Marine confirm they have added 480 and 550 horsepower ratings to the diesel sterndrive packages they jointly offer. The 480 rating is approved for both leisure and commercial applications. The package offers 37% more horsepower and 129% more torque than gasoline outboards; and 46% more horsepower and 54% more torque than other diesel sterndrive products sold into the commercial space.
Dryships Achieves Refinance of 5% Convertible Notes
DryShips Inc. * The Company has repurchased on the open market and cancelled $191,090,000 principal amount of its 5% convertible notes. No other repurchases are planned and therefore the outstanding principal balance of the 5% convertible notes due on December 1 is $508,910,000. * On October 29, 2014, the Company signed definitive documentation for the Nordea $170 million senior secured credit facility.
USS James E. Williams Sailors Help Out at Nature Sanctuary
Sailors assigned to the Arleigh Burke-class guided-missile destroyer USS James E. Williams (DDG 95) participated in a community relations project in Port Victoria, Seychelles, Nov. 14. The project took place at Nature Seychelles, a local nature sanctuary, where Sailors widened and dug out a canal to help support the Red Mangrove ecosystem, cut down invasive plants and transported soil that would be mixed with compost to enrich soil.
BHP Billiton Employees Awarded for Sustainability Initiatives
BHP Billiton announced the recipients of the Company’s Health, Safety, Environment and Community (HSEC) Awards for its employees at a ceremony in Melbourne. BHP…
ClassNK-NAPA GREEN Wins IBJ Awards
Vessel performance monitoring and optimization solution ClassNK-NAPA GREEN was named the maritime industry’s top IT system by earning the IT Solutions Award at the International Bulk Journal (IBJ) Awards held at the Beurs-World Trade Center in Rotterdam on 17 November. The software solution, developed jointly by leading classification society ClassNK and leading global maritime software company NAPA…
SignalFire Wireless Telemetry Debuts New Product Range
A range of telemetry products that support robust, long-distance wireless communications in challenging, large scale environments such as those found in oil and gas, agriculture, water systems, forestry and public infrastructures are outlined in the SignalFire Wireless Telemetry Product Catalog. Addressing different remote sensing requirements, the SignalFire Wireless Telemetry Product Catalog offers solutions that provide wireless communications and power to sensors with 4-20 mA…
CEVA is SuperGroup's Freight Manager
CEVA Logistics, one of the world’s leading supply chain management companies, has been awarded a long term contract to provide freight management services to SuperGroup, owner of famous fashion brands including SuperDry. The contract award followed a competitive tendering process that included more than ten major global logistics providers. Under the new contract, CEVA will manage collections from the company’s many suppliers by air, sea and road.
51% Stakes of Keppel Merlimau Cogen Sold for $510 mi
Keppel Infrastructure Holdings Pte Ltd (KI), through its wholly-owned subsidiary, has agreed to sell 51% stake of Keppel Merlimau Cogen Pte Ltd (KMC), which owns Keppel Merlimau Cogen Plant to Keppel Infrastructure Trust (KIT or the Trust) for a cash consideration of $510 million (KMC Transaction). The agreement was signed with Keppel Infrastructure Fund Management Pte Ltd (KIFM), in its capacity as trustee-manager of KIT.
UNEPCOM Endorses Rosneft's Arctic Research Initiative
The Russian National Committee for UNEP (UNEPCOM) endorsed the initiative of Rosneft and the Russian Geographical Society to elaborate interdisciplinary scientific program for comprehensive Arctic research. This program will help to set out the principles of special economic activity regulations in the region, including clear ecological rules of shelf development. First this initiative was announced during the roundtable called "The scientific exploration of the Arctic" on July 21…