Fincantieri Sign MoUs with Carnival & CSSC
Fincantieri, the world leader in the construction of cruise ships, has signed two memorandums of understanding, respectively with Carnival Corporation, the world’s largest cruise line, and with China CSSC Holdings Limited, controlled by CSSC (China State Shipbuilding Corporation), China’s largest shipbuilding conglomerate, which operates in different sectors. These historic agreements aim to explore the possibility of joint ventures in cruise shipbuilding for the Chinese market.
Odd Arne Slettebø new CFO of “Noreco”
Norwegian Energy Company ASA has appointed Odd Arne Slettebø as Chief Financial Officer (CFO). Odd Arne Slettebø replaces Tommy Sundt who has been appointed new CEO of the Company. Slettebø joined Noreco in August 2012 and was until now Group Finance Manager of Noreco. “I am very pleased to announce that Odd Arne Slettebø will be my successor as CFO. He is highly skilled and knows the Company very well, which will secure continuity in the team,” says Tommy Sundt, CEO of Noreco.
BHP Billiton Focus on Operation & Productivity
* BHP Billiton is now targeting US$4 billion of annualised productivity gains in its core portfolio by the end of the 2017 financial year, a US$500 million increase on previous guidance. * Improved capital productivity will allow planned investment to be reduced from US$14.8 billion to US$14.2 billion in the 2015 financial year and to US$13 billion in the 2016 financial year with no change to expected production growth.
Rawicz-12 Well Spuds
San Leon Energy, the AIM listed company focused on oil and gas exploration in Europe and North Africa, announces the spud of the Rawicz-12 appraisal well yesterday on the 742 km2 Rawicz Concession in Poland’s southern Permian Basin. The well, which is operated by Palomar Natural Resources (“PNR”), is targeting the previously-discovered Rawicz gas accumulation in the Permian Rotliegendes sandstones.
MacGregor Signs Contract with Shell
MacGregor, part of Cargotec, has signed a contract with Shell for a Pusnes permanent mooring system. Contract value is around EUR 20 million. "We are very happy to finalise this large contract," says Jan Martin Grindheim, Vice President, Offshore Mooring Systems at MacGregor. "It is strategically important to maintain our market share in the Gulf of Mexico and to maintain our position as a supplier of high-end offshore mooring systems," notes Mr Grindheim.
CBP P-3 Disrupts Attempt to Smuggle cocaine
A U.S. Customs and Border Protection, Office of Air and Marine P-3 aircrew operating out of National Air Security Operations Center (NASOC)-Jacksonville, Florida, detected a suspicious vessel carrying more than 1,100 pounds of cocaine with an estimated street value of more than $82.3 million. While patrolling the Pacific Ocean on Nov. 9 during a counter-drug mission, an aircrew aboard a P-3 Airborne…
Terex Scoops 2 IBJ Awards
Terex® Quaymate M50 mobile harbour crane is Crane of the Year – Dr. Rotterdam/Düsseldorf, 24 November 2014 – Terex Port Solutions (TPS) has been successful in two categories of this year’s awards, presented by the leading international specialist magazine International Bulk Journal (IBJ). In Rotterdam, TPS received the Crane of the Year award for its Terex® Quaymate M50 mobile harbour crane, launched in spring 2014. In addition Dr.
USCG Medevacs 80 Yr-Old Near Lake Michigan
A Coast Guard aircrew medically evacuated an 80-year-old man off Beaver Island in Lake Michigan Sunday night. The man’s name is not being released. At 5:40 p.m., emergency medical personnel on Beaver Island contacted a search and rescue coordinator at the Coast Guard Ninth District command center to request assistance with transporting an 80-year-old man, who was suffering from signs of a stroke, to a hospital in Michigan.
India Seeks Private Cash for Intermodal Bridge
Rail system needs more tracks and wagons; Not enough coal gets from port to power stations. India is targeting up to $1 billion of private investment by 2017 to…
Maersk Drilling gets Extension for Jack-Up
Maersk Drilling, is a unit in shipping and oil conglomerate A.P. Moller-Maersk. Hess has exercised the four one-well options included in the current contract for the jack-up rig Maersk Resolute. Each of the four additional wells has an estimated duration of around 90 days implying an extension of the current contract by around 1 year. The current seven firm wells programme is expected to end by April 2015.
China Defies U.S. Plea for Restraint in South China Sea
China on Monday hit back at "irresponsible remarks" from the United States which has called on Beijing to stop a land reclamation project in the disputed South China…
Egypt Eyes Suez Container Port Renegotiation
Egypt is trying to renegotiate an extension of an agreement worth $1.5 billion with Suez Canal Container Terminal which has a concession to run a port near the entrance to the canal…
Interferry Welcomes IMO Decision on LNG Fuel Tank Placement
Interferry has welcomed a decision at last week’s IMO Maritime Safety Committee meeting (MSC94) setting out rules for the location of fuel tanks on LNG-powered ships…
New Training for Man Overboard Response
Falling overboard is a life-threatening emergency, not only for the person in question but also for those involved in their rescue. Every step in the rescue process has its own associated hazards and in such a fraught and potentially distressing situation a well-structured rescue plan is essential. Since 1 July 2014, the International Convention for the Safety of Life at Sea (SOLAS) has required ships…
EU Backs Nantes St-Nazaire and Vigo Transport Link
The EU's TEN-T Program will back the upgrade of the existing sea line between Nantes St-Nazaire, France and Vigo, Spain with over €3.5 million to ensure reliable…
Belgian Port Workers Strike
Port workers in Belgium began a 24-hour strike today, November 24, which will end at midnight, Inchcape Shipping Services (ISS) reported. It is anticipated that the 24-hour strike will be followed by a national general strike on December 15, 2014. The present strike by port laborers has been called by three national unions in protest over the erosion of index-linked pay rises and tax increases. The strike is having a major effect on shipping operations in the area…
Rates Increase Boosts Diana Containerships Q3 Income
Diana Containerships Inc. reported net income of $1.4 million for the third quarter of 2014, compared to a net loss of $0.7 million for the respective period of 2013. Time charter revenues, net of prepaid charter revenue amortization, were $13 million for the third quarter of 2014, compared to $11.1 million for the same period of 2013, mainly due to increased average time charter rates achieved, despite…
Environmental Awards Recognize 84 Foss Vessels
With a combined 840 years without an environmental incident, 84 Foss Maritime and subsidiary companies' tugs and tank barges have been recognized by a major maritime organization for their environmental safety records. The Chamber of Shipping of America (CSA) announced the 2014 Environmental Achievement Awards honoring the Seattle company's work on November 13 in Washington, D.C. Foss and its sister companies have seen an average of 10 years without an environmental incident…
New McAllister Tug Features JonRie Winch Set
JonRie Marine Winches supplied its fifth ship set of full bollard pull winches to New York’s McAllister Towing for installation on its new tug, Tate McAllister. The 92-foot x 32-foot Z-Drive tug was designed and built by Washburn & Doughty of East Boothbay, Maine. The 6,000-horsepower tug, with a bollard pull of 90 tons, is the latest addition to the McAllister fleet. The JonRie Series 250 escort winch was designed to handle the full bollard pull of the vessel in the recover mode.
Hamburg Cargo Volumes at Record High
With total throughput of around 110 million tons, the Port of Hamburg set a new record in the first nine months of 2014. Almost all throughput segments contributed to a growth of 5.7 percent. Container handling, which dominates in Hamburg as a universal port, also achieved a record mark of 7.4 million TEU (20-ft standard containers). Gaining 6.4 percent here, Hamburg is growing faster than competing ports in Northern Europe.