Brookings Institution Hosting Panels on LNG Marine Fuel
The Brookings Institution, a Washington D.C.-based think tank, will host a two-panel discussion on the use of LNG as a marine fuel on Tuesday, March 3, the organization announced today. The panels are part of the Institution's Energy Security and Climate Initiative (ESCI). The first panel will examine evolving policy, regulatory, and environmental factors associated with using LNG as a marine fuel. The second panel will address emerging opportunities and barriers to adoption.
Port of LA Container Volumes Down 22.7% in January
Port of Los Angeles container volumes decreased by 22.7 percent in January compared to January 2014 volumes, the port announced today. The port's January 2015 cargo volumes totaled 529,427 Twenty-Foot Equivalent Units (TEUs), compared to 685,549 TEUs in January 2104. Labor strife between the International Longshore Warehouse Union and the Pacific Maritime Association, which resulted in port slowdowns and shutdowns, made a decline in container volume inevitable.
Maersk Line CEO: 11 New Ships Likely in Q2 2015
Maersk is considering ordering 11 container megaships in the second quarter of 2015, the Wall Street Journal reported today. "We need to grow with the market and increase our capacity by 425,000 containers from 2017 onward for three years," Maersk Line Chief Executive Soren Skou told the Journal. "It's very likely the first order will be 11 Triple E size ships. Maersk has not ordered new ships since 2011, when it ordered 20 Triple-E class vessels, each capable of hauling 18,000 containers.
Vard Increased Revenues 15.8% in 2014
Shipbuilder Vard Holdings Limited increased revenues 15.8% in 2014, the company announced in its year-end financial report today. On the back of very high activity at the yards and with subcontractors, VARD’s 4Q 2014 revenue rose 45.5% to NOK 4.5 billion ($587 million) from the corresponding period in 2013. FY2014 revenue increased 15.8% to NOK 12.9 billion ($1.6 billion) year-on-year, but due to higher operational expenses, FY2014 EBITDA dipped 37.5% to NOK 429 million ($55 million).
Ghana and US Maritime Forces Collaborate
The Ghana Armed Forces and the United States Maritime Forces have completed a joint maritime operation, the Africa Maritime Law Enforcement Partnership (AMLEP), as part of the Africa Partnerships Program (APS). The operation brought together representatives from Ghana’s Ministry of Fisheries and Aquaculture Development, the Marine Police Unit of the Ghana Police Service, Ghana Navy, the U.S. Navy and U.S. Coastguard on Spearhead, the U.S. Navy’s first Joint High Speed Vessel (JHSV).
Offshore Safety Training from Seagull
Saegull Maritime has announced the launch of two new computer-based training (CBT) modules, focusing on deck safety for specific types of offshore vessels that will be as useful for seasoned crew as well as newcomers. The video training program covers deck safety for supply vessels and anchor handlers, and has been developed in response to demand from customers, according to Seagull. Deck Safety for…
U.N. Calls for Maritime Support to Libya
According to United Nations, Libyan authorities need an international maritime force to help as they are unable to halt the illicit trade in oil or the flow of weapons in and out of the country, says a Reuter's report. UN likely increase pressure on major world powers to consider intervention to stop the North African state from spinning further out of control, as per the confidential report by the U.N. Security Council's Panel of Experts on Libya.
US Keen in Maritime Cooperation with India
The US is keen in exploring great opportunities for co-operation on maritime issues with India, Admiral Jonathan Greenert, Chief of Naval Operations told members of the House Committee on Appropriations during a hearing, says a report by PTI. Great opportunity has emerged after the bilateral meetings between Prime Minister Narendra Modi and President Barack Obama, he said. Analysts pointed out that…
Fast Patrol Vessel launched by Cochin Shipyard
Cochin Shipyard Ltd (CSL) has launched the 14th of the series of 20 Fast Patrol Vessels (FPV) being built for the Indian Coast Guard. With this, CSL said, it has accomplished a rare feat of achieving three ship building milestones viz, keel laying, launching and delivery of three different ships of a project, on the same day. The vessel ‘ICGS APOORVA’ was launched by Vijaya Goyal, wife of IG S K Goyal in a simple ceremony at Cochin Shipyard. On the occasion, Goyal laid the keel for the 15th FPV.
Conrad Shipyard Bags LNG Order
Energy infrastructure and LNG solutions provider WesPac Midstream and its subsidiary Clean Marine Energy (CME) have awarded a contract to Conrad Orange Shipyard for the construction of a dedicated LNG bunker barge for the marine market in North America. The bunker barge, which is scheduled to be delivered in early 2016, will service ship owner Totem Ocean’s Orca Class roro vessel in Tacoma, Washington.
Munkebo Maersk, Biggest Ship Ever to Sail on the Thames
The 18,300 TEU Triple E container ship Munkebo Maersk became the largest ship to ever sail up the River Thames as it called at DP World London Gateway. The 399 metre long Munkebo Maersk, which weighs in at 195,000 tonnes and is 60 metre wide is one of the largest container vessels in the world. She was helped into port by pilots from the Port of London Authority. Cranes as high as 40 stacked double-decker buses are being used to lift containers off the vessel before it sets off for the Far East.
Britain Should Appoint Ambassador to the Arctic
The House of Lords Arctic Committee urged that UK should follow the example set by France, Singapore and Japan and appoint an Ambassador for the Arctic. The committee of lawmakers from Britain's upper house blamed UK's feeble approach to promoting country's interests and warned about the UK risks being outmaneuvered by other countries. The UK – the northernmost country below the Arctic Circle - has been "too hesitant and cautious", the report said.
River Levels Decreasing in Argentina
River levels in Argentina are currently decreasing and they are expected to continue over the coming week. The bottleneck remains in the River Plate access channel, where the maximum recommended sailing draft us 10.51 metres fw. Shippers are advised to check river levels and weather conditions before fixing and loading cargo to ensure that they sail with the maximum cargo/achievable draft.
NMM lines up Box Buy
Navios Maritime Partners L.P. (NMM) an international owner and operator of container and drybulk vessels, announced today that it has secured, for no consideration, an option to acquire a 2012 South Korean-built container vessel of 13,100 TEU from an unrelated third party. The vessel is currently chartered out to a high quality counterparty for a twelve-year period ending May 2027. If the option is exercised…
MCPON Stevens Delivers Congressional Testimony
Master Chief Petty Officer of the Navy (MCPON)(AW/NAC) Michael Stevens testified before Congress Feb. 25. Stevens appeared before the House and Armed Services Appropriations Subcommittee on Military Construction, Veterans Affairs and Related Agencies. Stevens, along with the senior enlisted leaders from the Marine Corps, Army, and Air Force, discussed the current status of their respective military branches…
USCG Foundation Announces Scholarships
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of Coast Guard members and their families, announced today that it has kicked off its scholarship season. Accepting applications until March 15th, children of enlisted Coast Guard members may apply for scholarships ranging from $1,000 to $5,000 per year. Over the last 20 years, the Coast Guard Foundation has…
Dryships in the Red
DryShips Inc. and through its majority owned subsidiary, Ocean Rig UDW Inc., of offshore deepwater drilling services, today announced its unaudited financial and operating results for the fourth quarter ended December 31, 2014. For the fourth quarter of 2014, the Company reported a net loss of $24.0 million, or $0.04 basic and diluted loss per share. Included in the fourth quarter 2014 results is an impairment charge on one drybulk vessel, of $38.1 million, or $0.06 per share.
Sulphur Enforcement Begins in Denmark
For the first time all 16 SECA countries met for the Danish Maritime Authority’s workshop on sulphur regulation enforcement. A total of 35 legal experts, port State control surveyors and naval architects from the authorities in Canada, the EU countries, Russia, the USA and the European Maritime Safety Agency (EMSA) checked into the Konventum Conference Centre in Elsinore on 25 February. Here, they…
ST Engineering Y-O-Y Profits Slip
Singapore Technologies Engineering Ltd reported today its full year financial results ended 31 December 2014 (FY2014) with a Group revenue of $6.54b compared to $6.63b as reported for FY2013.
USCG Makes Change in Fort Pierce Inlet Safety Zone
The Coast Guard has made a change in the Fort Pierce Inlet safety zone Thursday afternoon. Recreational vessels with less than six-foot draft are now allowed to transit through the Fort Pierce Inlet safety zone upon receiving clearance from the on-scene representative. All other persons and vessels are prohibited from entering, transiting through, anchoring in, or remaining within any of the safety zone unless authorized by the Captain of the Port Miami or a designated representative.