Ulstein Verft Delivers 'Blue Queen’
On 24 February 2015, ‘Blue Queen’ a platform supply vessel of the PX121 design, was delivered to Blue Ship Invest from Ulstein Verft. This vessel is the first of two for which Norway-based Golden Energy offshore is awarded the ship management contract. In total, 30 vessels of this design have been contracted by different ship owners for construction at various shipyards world-wide. 'Blue Queen' is the ninth being constructed at Ulstein Verft.
Maersk Posts Record Profit Despite Pressure in Shipping Rates
Maersk Line has reported a profit of $2.3bn for 2014 a 50% increase over the previous year, and expects a higher result in 2015, though the shipping rates remain under pressure. But 2015 is expected to yield less impressive results due to falling oil prices. He said that he was satisfied with the 2014 results. “Despite challenging market conditions we saw good progress in underlying performance across the Group,” he said.
Europe Should Resume Shipbuilding
In the EU journal Parliament, Portuguese Member of European Parliament João Ferreira has proposed a five-point plan to stimulate growth in the EU shipbuilding industry. He said that after a decline in industrial activity since the 1970s, the region’s shipbuilding industry had become increasingly successful and dynamic in recent years. But he argued that the trend was “neither general nor uniform in…
North Korea Reflags Ships to Evade Sanctions
A North Korea shipping company has been renaming and reflagging its vessels so it can evade an arms embargo, a UN report has said. The effort by Pyongyang-headquartered Ocean Maritime Management Company, Ltd. is detailed in the report by a panel of experts that monitors sanctions on North Korea. The report makes clear the challenge of keeping banned arms and luxury goods from a nuclear-armed country with a history of using front companies to duck detection.
Asia: LPG Shipping and LNG Pricing
While declining Asian LNG prices have reduced margins on the long-distance LNG trade, causing spot-charter rates for LNG vessels to fall, LPG shipping earnings are forecast to remain buoyant on the back of low oil prices and the absence of fuel substitution. According to LPG Forecaster, published by global shipping consultancy Drewry, low oil prices have not triggered the substitution of LPG as the fuel of industrial use, as feared by some analysts.
JNPT Plans Parallel Port
State-run Jawaharlal Nehru Port Trust (JNPT), India’s busiest container gateway near Mumbai, is planning to build a satellite port in one of the three locations that had already been identified--Vijaydurg, Revas-Karanja and Dahanu. According to sources, though JNPT has finally zeroed in on Dahanu, it is willing to take a second look at Vijaydurg as well, just in case the environment lobby in Dahanu becomes too shrill for comfort. The new port will require around 1,000 hectares.
Indonesia Upbeat Ahead of IORA Chair
Indonesia is gearing up to turn its foreign policy focus westward when its role as Indian Ocean Rim Association (IORA) chair begins later this year, reports Jakarta Post. The country is ready to expand the promotion of President Joko “Jokowi” Widodo’s “maritime axis” doctrine to the Indian Ocean when it takes over the IORA chairmanship from Australia, later this year, Foreign Minister Retno LP Marsudi has said.
Coast Guard Holds Cargo Ship in Unalaska
The U.S. Coast Guard (USCG) has detained Lindavia, a cargo vessel arrived from China, in Unalaska due to alleged environmental crimes, reports Alaska Public. According to Kevin Feldis, who is with the U.S. Attorney's Office, the 600-foot carrier was loading up with seafood to transport back to Asia. The ship was, however, detained before it could manage to depart. Right now the crew is still here in Dutch Harbor…
Japan Plans Naval Exercises with Philippines
Admiral Tomoshisa Takei, chief of staff of Japan Maritime Self-Defense Force (JMSDF) is holding high-level talks with the Armed Forces of the Philippines (AFP) concerning the mounting maritime tension in the West Philippine Sea and other security concerns within the Asia-Pacific region. He discussed concerns on maritime domain awareness and challenges” in the South China Sea with the Armed Forces of the Philippines deputy chief-of-staff Lt. Gen. Virgilio Doming.
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…
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.
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…
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…
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.
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.
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…
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…
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…
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.
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.