Germany’s Nordic Yards Set to Build Shipyard in Russia
The German shipbuilder Nordic Yards is considering constructing shipyards in Russia, in particular in the Far East. The owner of the shipbuilder, Vitaly Yusufov confirmed that his company is actively considering the possibility of building own facilities, since the trend toward increasing localization is such that the longer, the higher by year the percentage of necessary localization. Nordic Yards expects…
Australia Looks to France, Germany, Japan for $39 bln Submarine Contract
Australia has announced that it would formally invite France, Germany and Japan in the bidding process to build its new fleet of nine submarines in a project worth $39 billion. Australian Prime Minister Tony Abbott said that there was Germany and France which are involved in a wider range of submarines and Japan which builds the best large conventional submarine in the world. The process will take about 10 months before a winning bidder is selected, he said.
Container Ships: 2014 Saw High and Low Scrapping
Container vessels have been a hot segment on the demolition market in recent years. The 1.1 million TEU scrapped the last three years alone covers half of the total sum since 1996. "2014 turned out to be a very hectic year for the demolition market and it became clear just how volatile the market really can be. Previous experiences tells us the end of the year is usually one of the busiest moments for scrapyards, however in 2014 this effect was washed out by declining demolition prices.
APC: NIMASA behind Anti-Buhari Adverts
The All Progressives Congress (APC) Presidential Campaign Organization (APCPCO) Friday accused the Nigerian Maritime Administration & Safety Agency (NIMASA) of sponsoring a hate campaign against its presidential candidate, Maj- Gen Muhammadu Buhari (rtd). In a statement yesterday, said that the organization has evidence and has confirmed that NIMASA was indeed the sponsor of all the documentaries against Buhari on media platforms.
BIMCO's New Charter Contract for LNG Shipping
With the amount of LNG traded on the spot market continuing to grow, the Baltic and International Maritime Council (BIMCO) is developing a new contract for the transportation of LNG under voyage charter terms. This will add additional flexibility to the spot market and give parties alternative means to manage their risks and control costs. Due to the nature of LNG cargo and its common use as propulsive fuel…
Euronav Bullish on Tanker Market
The last three months of the year presented some challenges as owners’ confidence was slow to grow and bunker price gains did not materialize within Q4 as bunker inventory was burned off. However, Euronav delivered creditable returns on our VLCC fleet, where we lost a number of vettings due to the ownership change following the acquisitions, thus leading to a longer time required to book charters.
Coast Guards Working to Free Laker Beset in Ice
The U.S. and Canadian Coast Guards are working to break free the motor vessel Arthur M. Anderson, which is beset in ice near Conneaut Harbor, and turn it around in Lake Erie so it can head to Sturgeon Bay, Wisconsin, for its winter layup. The U.S. Coast Guard Cutter Bristol Bay, a 140-foot ice-breaking tug homeported in Detroit, has been just outside of Ashtabula for several days battling 8 to 10 feet of ice in areas and brash ice up to 5 to 6 feet thick.
US Proposes First Rules for Arctic Oil, Gas Drilling
The Obama administration on Friday proposed standards on exploratory drilling for oil and gas in U.S. Arctic waters that would add costs for energy companies but aim to protect against catastrophic spills. The rules, proposed by the Department of Interior, require for the first time that energy companies have access to equipment to contain potential well blowouts, such as rigs that can drill so-called relief wells.
BAE Systems Gets $1.3b for New UK Warships
The U.K. Ministry of Defense has signed a $1.3 billion contract with BAE Systems for equipment to build the next generation of warships for the British navy, Prime Minister David Cameron announced today. BAE Systems has been working on plans to provide Britain with 13 new warships since 2010, Reuters reported, adding that the new contract enables the shipbuilder to continue developing the project by investing in the equipment and facilities needed before building can begin. According to the U.K.
Tanker Crewmember Medevaced off Galveston
A U.S. Coast Guard helicopter crew medevaced a crewmember off a tanker in the Galveston Fairway Anchorage Thursday morning. The captain of the Zambezi Star, a 604-foot chemical tanker, contacted Sector Houston-Galveston watchstanders via VHF channel 16 at approximately 11:30 a.m., stating that a crewmember fell off a ladder and began showing heart attack symptoms. The Coast Guard Cutter Manowar responded…
Tug Owner Jailed for Crewman’s Death
A tugboat owner was given an eight-month custodial sentence after his crew member died trying to reattach a tow line in a violent storm. Martin Richley, owner and…
North American Rig Counts Continue Decline
The number of U.S. oil and gas rigs declined by 48 last week, according to data released today by Baker Hughes, which shows the number of U.S. rigs is now down to 1…
ClassNK, Makita Expand Engine Monitoring
ClassNK and Makita have agreed to bring the condition-based engine monitoring system ClassNK CMAXS e-GICSX to Mitsui-Makita MAN B&W main engines. The system assists…
Vessel Aground in Badcall Bay
A Norwegian-flagged fish carrier vessel, Viktoria Lady, ran aground on a rock in Badcall Bay about 20 miles northwest from Ullapool this morning, the U.K Maritime and Coastguard Agency (MCA) reported.
Cold Snap has European Traders Eyeing Diesel Exports to US
Diesel and heating oil exports will increase to the United States from Europe, traders said, reversing the usual flow, as refineries on the U.S. East Coast struggle…
USCG Commandant Visits Port of San Diego
Admiral Paul Zukunft, Commandant of the United States Coast Guard, visited the Port of San Diego’s administrative offices on February 12. The Commandant was in town to participate in the 2015 Armed Forces Communications & Electronics Association /U.S. Naval Institute Conference held at the San Diego Convention Center. During his visit to the port, the Commandant participated in a briefing that included Dan Malcolm…
Retailers to Obama: Bring ILWU, PMA to Washington
“It has been nearly a week since President Obama dispatched Labor Secretary Perez to the West Coast to help settle the protracted contract dispute between the ILWU and PMA. While the Secretary has said the meetings have been productive, we have yet to see a final deal. “We understand the Secretary has given the parties a deadline to reach an agreement. If a deal is not reached today, we support the…
Brazilian Fast Supply Vessel Delivered
Baru Mucura, the second in a series of 12 UT4000 Monohull Fast Supply Vessels built by ETP Engenharia Ltda. in Brazil, has undergone launching and trials, Incat Crowther announced. The vessel’s earlier successor, Baru Gorgona, was the first delivery in the series. Incat Crowther said the vessel’s design has been optimized to comply with the UT4000 Fast Supply Vessel specification. Ships fuel is in excess of 40,000 liters, with a cargo fuel load of 90,000 liters.
Brazilian Grain Trucker Blockade Continues, Threatens Harvest
Truckers protesting high diesel prices in Brazil used road blocks to restrict the flow of soy, corn and other commodities in a key grain-growing region for a third day on Friday…
Status of US West Coast Port Dispute Unclear
The status of a dispute between shipping executives and union leaders for dock workers at 29 U.S. West Coast ports was unclear on Friday, with the Journal of Commerce, which earlier reported a deal may have been reached, saying conflicting reports had emerged on the status of the nine-month-old talks. "There is no deal as it stands right now," Journal of Commerce Chief Content Officer Peter Tirschwell told Reuters.