General Maritime to buy Navig8 Crude Tanker
General Maritime Corp, which operates crude oil tankers, will acquire Navig8 Crude Tankers Inc in a stock-for-stock deal, the two companies said in a statement.
Latvia's Gas Utility Sales Volumes Fall in 2014
Latvia's gas utility Latvijas Gaze sold 10.9 percent less natural gas imported from Russia in 2014 than a year before, the company said on Wednesday. Sales fell…
Milaha Reports 32.8% Q4 Net Profit Increase
Qatar Navigation (Milaha) Q.S.C. increased fourth quarter net profit 32.8 percent, the company announced today in its 2014 financial results. It will pay a 55% cash dividend for 2014, a value of 5.5 Qatari Rials ($1.51) per share. The company said it increased its net profit 10% in 2014 over 2013, from QR950 million ($260 million) to QR1.059 billion ($290 million). The Gas & Petrochem segment had an extremely strong year relative to 2013…
Tanker Crew Freed After Kidnapping Off Nigeria
Three crew members of a Maltese-flagged supertanker, who were kidnapped by pirates three weeks ago off Nigeria, have been released, Greece's foreign ministry said on Wednesday.
Maersk Publishes Sustainability Report
Having launched a new sustainability strategy last year, the Maersk Group has published its 2014 sustainability report, covering aspects of the group’s 2014 sustainability performance including human rights, anticorruption, responsible procurement, diversity, as well as performance and efforts within safety and the environment. Group CEO Nils S. Andersen said, “Our efforts in sustainability rest on one premise: it must support both society and our business activities.
More Bodies Found in Bangladesh Ferry Disaster
Nine bodies were retrieved from a river in central Bangladesh on Wednesday, said Harun-ur Rashid, a regional police official, bringing to 79 the number of people…
Enterprise: Clients Must Pay for Dock Work
Enterprise Products Partners LP said on Wednesday that companies using its crude oil storage facility in the Houston Ship Channel must pay extra for dock services…
Ferus Smit Launches Nordana Sky
Ferus Smit launched multipurpose vessel Nordana Sky in Leer on February 21. Nordana Sky, built as yard number 417, is the first in a series of six that will be delivered to Symphony Shipping. The ship will be chartered out to the Danish company Nordana and sail in her fleet after delivery, planned for the end of March 2015. Nordana Sky is the first vessel of the builder’s new ecobox design, characterized by its flexibility of loading combined with very economical and ecological performance.
HII Awards Contract for New Employee Health Center
Huntington Ingalls Industries announced today that Fletcher Construction has been awarded a contract to renovate the new Huntington Ingalls Industries Family Health Center. The health center, scheduled to open this summer in Gautier, MS, will offer primary care, radiology, physical therapy, on-site pharmacy and laboratory services for Ingalls employees and their covered dependents. "Ingalls Shipbuilding is a long-standing economic pillar of this community…
In Safety, Quality Comes First
Benchmarked, standardized and customizable – Rapp Marine’s array of crane options safely cover the full gamut of workboat needs. In the marine industry, one of the most potentially dangerous pieces of deck equipment on a vessel is the crane. The trigger of a serious failure can range from a simple operator error to significant mechanical overload. Consequences can be devastating in human terms, certainly expensive from lost revenue and costs to repair, to say nothing of cleaning up the mess.
Balanced Dredging with E-Crane
One doesn’t usually think about cranes when talking about dredging, but cranes form a big part of the niche business. And, even though Indusign/E-Crane Worldwide has over 200 cranes in operation since Lieven Bauwens and Geert Watteeuw partnered up over 20 years ago, they are perhaps not that well known in dredging circles on this side of the pond. The Belgian company has tons (pun intended) of experience engineering their balance cranes.
Futuristic Bridge Concept by Rolls-Royce
In 2013 alone, Rolls-Royce invested £1.1 billion on research and development while at the same time supporting a global network of 31 University Technology Centers, which position Rolls-Royce engineers at the forefront of scientific research. Today, Rolls-Royce predicts that Ship Intelligence will be the next major transition for the shipping industry as ships become ever more complex. As that happens…
First Skangass LNG Loading in Zeebrugge
LNG was loaded aboard Anthony Veder's Coral Energy, the Skangass time chartered ship, at the Fluxys LNG Terminal in Zeebrugge, marking the first Skangass loading…
Oil Tankers Idle for Months off US, Puzzling Some
Late last November, the tanker Olympic Flag carrying 650,000 barrels of Angolan crude dropped anchor about 7 miles off the coast in Delaware Bay, a seemingly routine…
Think Tank: US Port Cybersecurity At Risk
Conservative think tank The Heritage Foundation argued for increased U.S. port cybersecurity in a report published online this week. "The U.S. Department of Homeland Security (DHS) and maritime stakeholders need to stay ahead of [cybersecurity] risks in order to keep trade flow maximized, while avoiding the creation of regulations that may slow trade and hinder business," wrote author and Heritage Foundation research assistant Riley Walters. The report was published just a day before U.S.
HydroComp Releases New NavCad Premium Edition
HydroComp is releasing a major upgrade for its NavCad software tool, the company announced today. NavCad has been used for resistance and propulsion prediction for nearly three decades, and a "Premium Edition" is now available for users wanting a greater level of analytical capability. New features include a scripting (macro) API. This includes an easy-to-use scripting language that provides batch processing capability.
Petrobras Scandal About to Hit Brazil's Political Class
Brazil's top prosecutor is expected to file charges in coming days against politicians implicated in the Petrobras corruption scandal, a political bombshell that…
Okeanus to Represent MacArtney Group in Brazil
Underwater technology provider MacArtney Group has signed an agreement with Okeanus Ltda. to be the group's official representative in the Brazilian market, MacArtney Group announced today. This is the third such deal MacArtney Group has signed in the South American in the last six months, following agreements with Cledirsa in Uruguay and Alakaluf in Chile. Founded by marine scientist Laura Azevedo and her father in 2007…
GTT Receives Order for LNG Bunker Barge
Gaztransport & Technigaz (GTT), a designer of membrane containment systems for the maritime transportation and storage of LNG liquefied natural gas (LNG), announced that its U.S. subsidiary GTT North America (GTTNA) has received an order for one LNG bunker barge. This first dedicated LNG barge for the marine market in North America will be built by Conrad Orange Shipyard, Inc., a division of Conrad Shipyard, LLC. at its facility in Orange, Texas.
USCG Leaders Testify on Budget Requests
U.S. Coast Guard Commandant Adm. Paul Zukunft and Master Chief Petty Officer of the Coast Guard Steven Cantrell testified Wednesday on the Coast Guard's Fiscal Year…