Congressman Introduces Bill Lifting Oil Export Ban
U.S. Representative Joe Barton will introduce a bill on Tuesday to lift the 40-year ban on exports of crude oil, but the measure has almost no chance of passing due to lawmaker concerns about fuel prices and costs to refiners. Barton, a Republican from Texas, will introduce a bill to lift the export ban Congress passed in the 1970s after the Arab oil embargo led to fears of fuel shortages, an aide said.
Crime DOES Pay: Denmark Compensates Suspected Pirates
Denmark has compensated nine Somalis suspected of trying to hijack a Danish ship in 2013 because they were detained too long before being brought before a judge…
Bolier Completes MaK Dual Fuel Retrofit
In collaboration with Caterpillar / MaK, Bolier has converted an existing 6M43C engine to a 6M46 Dual Fuel onboard the Coral Anthelia. The project was commissioned by Anthony Veder. In 2012 and 2013, Anthony Veder built four new ethylene carriers fitted with MaK 6M43C propulsion engines. The fourth carrier was already in an advanced stage when the decision was made to convert the existing engine to a dual fuel engine.
Total Sells Stake in GTT
Oil major Total agreed to sell its remaining 10.4% stake in Gaz Transport & Technigaz (GTT), a leading maker of insulated hull linings for tankers that carry liquefied natural gas…
China Eximbank Loans $875m for Container Terminal
China Eximbank has loaned Ivory Coast $875 million (approx.) for the construction of a second container terminal at Abidjan port, noted the port's General Director.
Trafigura Consolidating Operations in 3 Locations
Commodity trader Trafigura said on Monday its logistics and warehouse unit Impala Terminals plans to focus its refined metals business in Antwerp, Dubai and China…
Cummins QSK60s for 84-Meter Work Boat
Shin Yang Shipyard of Miri, Sarawak, Malaysia has delivered the sister ships MV Anis and MV Alya. Designed by Wartsila Ship Design Singapore, the 83.8-meter (275-foot) maintenance and workboats have massive capacities. Accommodation is provided for up to 199 people. Tankage is provided for 800 cubic meters of fuel and 900 m3 of water. The vessels each have two 50 m3 per day water-makers. Additionally there is tankage for 80 m3 of urea, 20 m3 of sludge, and 10 m3 of lube oil.
Austrian Port of Linz to Grow with EU Support
EU's TEN-T Program will support with over $1,043,000 development studies for the port of Linz. The project aims to increase the port's capacity to receive larger inland water…
Kenyan Wind Project Wins Financing
Kenya's delayed Lake Turkana Wind Power project is expected to start generating power by 2017 after the African Development Bank backed financing to build a transmission…
DuPont Keeps Marine Devices Afloat
DuPont Performance Polymers and Ireland-based Technology from Ideas (TFI) collaborated to develop a novel way to allow moored devices to move with the sea, which dramatically reduces peak loads up to 70% and improves durability of mooring lines that tether and protect high-value marine devices, such as wave energy devices and fish farms. The new Dynamic Tethers wave protection system replaces chain and rope mooring, which pulls taut, rattles and wears quickly as it moves against the sea.
USCG Credentialing and Mariner Medical Evaluations
MarineNews contributor (Captain) Jeff Cowan handicaps the current system of medical evaluations and credentialing by the U.S. Coast Guard. It’s not all smooth sailing. “While the U.S.
London P&I Club Addresses "Cappuccino Effect"
The London P&I Club has advised its members on precautions to adopt to detect the presence of cappuccino bunkers. In the latest issue of its StopLoss Bulletin, the club explains that the cappuccino effect is essentially the frothing or bubbling effect caused by compressed air blown through the delivery hose. The aerated bunkers when sounded will give the impression that the fuel is delivered as ordered.
Energy Sector Volatility Affects Middle Market M&A Activity
Market volatility for the petroleum sector provides a backdrop to an evolving Merger & Acquisitions environment for the Offshore Sector. In the 3Q edition of Maritime Professional, this series of articles examined the overall evolution of maritime and offshore M&A activity since 2010, tracing the flow of deals in the post-financial crisis era. In this edition, we take a closer look at relevant U.S.
Errors Result in Claims Against Ship Agents
Careless errors by ship agents are resulting in costly claims, according to ITIC. In the latest issue of its Claims Review, ITIC cites the case of a ship agent which incorrectly calculated two pro-forma invoices in respect of port dues, using the cheaper rate for a cargo of malt, rather than the rate for the cargo of wheat booked for discharge from two ships. The wheat cargoes had been discharged, and the final invoices for port dues sent out, before the error was discovered.
ABS Releases Guide for LNG Fuel Ready Vessels
Notation reflects increased demand for review and approval of machinery elements on vessels designed for conversion to LNG fuel. ABS has published the ABS Guide for LNG Fuel Ready Vessels to support members and clients in preparing newbuildings for future conversion to gas propulsion. The Guide formalizes the process for clients who wish to plan for conversion to LNG fuel at a future date by providing a detailed review and approval and an associated class notation.
RCCL: Bayley, Lutoff-Perlo take CEO Posts
Royal Caribbean Cruises Ltd (NYSE, OSLO: RCL) named two senior company executives to lead the company’s two largest brands. Michael Bayley, who worked his way up from an assistant purser’s position aboard the Nordic Prince, will serve as President and CEO of Royal Caribbean International. Lisa Lutoff-Perlo, whose career at the company began in the New England sales office, will serve as President and CEO of Celebrity Cruises.
Green Tech Wins RoPax Scrubber Deal
Green Tech Marine has won a contract to deliver 21 exhaust gas cleaning systems (“scrubbers”) to an undisclosed ship-owner in first quarter 2015. By using Green Tech Marine scrubbers, ship owners can continue to operate on heavy fuel oil instead of more costly marine gas oil, while staying below the strict IMO requirements regarding sulphur emission. Sulphur oxides cause a wide variety of health and environmental impacts.
Fishery Model Helps Boost Profits, Sustainability
A new model, developed by economists at Duke University and the University of Connecticut, which resulted from identifying efficient fishing practices and behaviors…
ABB Wins Milestone Contract with WSIC
Offshore construction vessel order is the first to include ABB’s integrated power and automation solution consisting of ABB’s advanced power, propulsion and 800xA control and safety system. ABB will deliver a cutting-edge solution which includes electrical propulsion, power, safety and automation systems. These systems will be integrated and run on a single control system platform for a 5000T heavy-lift pipelay construction vessel.
Maritime Professional Q4 Edition Available
Wind Assist Technology: Pipe Dream or Reality? Barry Parker examines wind assisted propulsion in commercial ships. LNG Impacts Ship Design: The use of LNG as a marine fuel is changing ship and boat design. Maritime Recruitment: The Shipyard Roundtable: Leading shipyard recruiters weigh in on trends in U.S. shipyard recruitment.