EU Annulls Sanctions on 40 Shipping Firms
The European Union's second highest court on Thursday annulled EU sanctions on an Iranian bank and 40 shipping companies hit with asset freezes as part of pressure…
Tanker Firms Eye US Listings as Market Rebounds
Inspired by an upturn in shipping markets after one of the worst sector downturns on record, a batch of oil tanker companies are looking to raise capital through U.S. listings. While crude prices have fallen more than 50 percent since June, tanker prospects have brightened, helped by a drop in bunker fuel prices and demand for oil among bargain hunters. Overcapacity, which has dogged owners for years, is also receding.
Video: Coastguards Continue Great Lakes Icebreaking
Continued icebreaking operations from the U.S. The U.S. and Canadian Coast Guards are jointly continuing Operation Coal Shovel, the seasonal domestic icebreaking operations in the southern part of Lake Huron, Lake St. Clair, the St. Clair and Detroit River systems, Lake Erie and Lake Ontario. As of Sunday, U.S. Coast Guard (USCG) icebreakers have logged 493 icebreaking hours and assisted 53 vessels since beginning Operation Coal Shovel on January 8.
Beyond the Black Box
Using the VDR as the Ship’s Data Clearing House provides budget-minded operators with the means, the bandwidth and the economy to monitor critical systems. Go on: dip your toes in the big data water. Big Data. It’s all the rage across the full spectrum of the maritime world. Thousands of data points on 70,000 vessels literally scream out to be harvested and sent back to the home office, all with the intent of making your vessel more efficient…
HII Creates Nuclear Services Company SN3
Combining Huntington Ingalls Industries’ (HII) S.M. Stoller Corp. and Newport News Nuclear subsidiaries, the company has created Stoller Newport News Nuclear (SN3), a full-service nuclear operations and environmental services company. "Formation of SN3 is a logical next step in the post-acquisition process of fully integrating our people and capabilities to achieve our business goals," said Pete Diakun, vice president, energy programs at HII's Newport News Shipbuilding division.
Sri Lanka Softens Stance on China Port City dealD
Sri Lanka's new government said on Thursday it might renegotiate a $1.5 billion "port city" deal with China Communications Construction Co Ltd, softening its pre-election threat to scrap the project.
Lindner Sees Strong 2015
On the last day of what proved to be a busy Workboat show in New Orleans, Mikael Lindner, President, Scania North America, sat with Maritime Reporter & Engineering News to reflect on the current and future direction of the power company’s marine business in North America. As the marine market follows in step with other transport and industrial sectors to literally clean up its collective act, marine…
The Ballast Water Management Conundrum
U.S. Ten years on, there’s little certain about ballast water management regulations that the industry can chart a course around other than that it will be expensive – possibly the most costly marine retrofit to date. With install estimates running from $500,000 to as much as $5 million per vessel, across some 68,000 commercial ships estimated by the IMO to transfer 7 billion tons of ballast water annually – industry players say we could be looking at as much as an $80 billion market.
Upgraded Winch Control from Rexroth
Bosch Rexroth has upgraded the electrohydraulic controller used on the company’s A4VSO and A4VSG hydraulic axial piston components, which function as secondary control units in the Rexroth Active Heave Compensation (AHC) system for offshore winching applications. Replacing the previous DS1 model, the new Rexroth DS2R electrohydraulic controller features proportional valve technology for more reliability, easier maintenance and lower cost, the manufacturer said.
Shipbuilding, Repair and Conversion: Brazil's Quick Fix
The growth trend continues in the Brazilian shipbuilding industry, a trend that has been relatively constant during the last five year. While shipbuilding is ‘ship shape,’ the reality of the Brazilian ship repair industry is somewhat muddled, populated by only a few dedicated repair yards as the focus has been squarely on newbuild. On the other hand, Brazil’s ship conversion industry has enjoyed steady growth…
Chemical Tanker Turned OSV
With innovation in its Norwegian DNA, Uksnoy Shipping took a chemical tanker and made it into an Offshore Service Vessel with an innovative propulsion system. The conversion of a Turkish-made chemical tanker and its retrofitting with a promising new energy-saving propulsion system in 2013 suggested Uksnoy Shipping might not be like other owner-managers of offshore service vessels (OSV). The ship, the…
Whale Carcass Washes Up Under Seattle Ferry Dock
A dead gray whale has floated underneath a busy commuter ferry terminal in downtown Seattle, sending a putrid odor wafting onto the dock and diverting some passenger ferries to another slip…
Dynamic Positioning & the Potential for USCG Regulations
Dynamic positioning is a vessel capability provided by integration of a variety of individual systems and functions to automatically maintain a vessel’s position and heading by use of the vessel’s propellers and thrusters, and has been in use, particularly in the offshore oil and gas exploration business since the 1960s. To date, use of dynamic positioning has relied on industry best practices, classification society rules, and guidance from the International Maritime Organization (IMO).
White House Recognizes Military2Maritime
As Congress considers the role the Jones Act and the American maritime industry play as part of the Keystone XL pipeline debate, the national Military2Maritime program, sponsored by the American Maritime Partnership (AMP), was recognized by the White House as part of a transportation forum on best practices to recruit, train, hire and retain veterans. The Military2Maritime program was highlighted for…
Semco Maritime Expands in Houston
Rig upgrade and repair specialist Semco Maritime opens new Houston office on January 23, offering services for rig customers in Canada, Gulf of Mexico and Brazil. Project management and offshore engineering company Semco Maritime is now opening a new, larger office in Houston, where the Danish company has been present for several years with a sales office. According to the company’s vice president Tom Dalton…
Congressmen Lead Effort to Defend US Shipbuilders
Congressman Joe Courtney (CT-2) and Congressman Steven Palazzo (MS-4), along with 30 bipartisan House colleagues, sent a letter this week to Senate leadership urging opposition to an amendment that they say would strip domestic construction requirements that help strengthen America’s shipbuilding industry. In addition to building and maintaining approximately 40,000 commercial vessels, private shipbuilders provide critical maintenance services and capacity for the U.S.
Port of Indiana-Mount Vernon Bests Tonnage Records
The Port of Indiana-Mount Vernon handled 735,000 tons of cargo in December, which was the highest ever single-month total at any of Indiana's three ports, and also produced the highest fourth-quarter shipments by any port in Ports of Indiana history. December's results were 31 percent higher than the previous single-month record set in 1993 and the port's fourth quarter shipments broke its own quarterly record established in 2013.
Dry Bulk Shipping Group CMB Expects Volatile 2015
Belgian dry bulk shipping group CMB on Thursday said markets would remain volatile after a disappointing 2014 in which falling commodity prices reduced stock building by clients.
Webinar to Demonstrate Barge Emissions Tool
The U.S. Environmental Protection Agency (EPA) and SmartWay will host a webinar for barge carriers and other interested stakeholders to demonstrate Barge Tool, designed to help companies calculate carbon, NOx and PM emissions from barge freight movement. Inland Marine freight movement accounts for more than 600 million tons of cargo, with an annual value in excess of $70 billion dollars, and is an exceedingly efficient means of freight transportation.
Vane Brothers Orders Two Tugs from Chesapeake
Chesapeake Shipbuilding has signed a contract with Vane Brothers to build two new tugs, marking the 13th and 14th tugs that Chesapeake will have built for Vane Brothers in the last several years. The two new tugs will fit into Chesapeake’s existing order book, which currently consists of a number of tug boats and commercial vessels, the shipyard noted. Designated Hull 123 and Hull 124, the new tugboats will be nearly identical to the previous 12 built for Vane Brothers…