Winter in US Northeast Takes a Toll on Ferries
With its black hull rumbling against a field of broken ice, the Warren Jr. slowly eased away from a dock in the Boston suburb of Hingham on Tuesday, aiming to clear a path for some of the four ferries that carry commuters from here into the city each day. But in a sign of how long Massachusetts has been gripped by freezing temperatures, no other vessels followed, as the tide narrowed the channel behind the oceangoing supply boat pressed into service as an icebreaker.
Shipping Industry Faces Shake Up
As global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping industry. Private equity invested tens of billions in global shipping after the 2008 financial crisis, but weaker Chinese demand and an oversupply of ships has driven down freight rates and caused firms to idle vessels and in some cases file for bankruptcy.
Gulf of Mexico Oil Production on the Rise
Because of the long timelines associated with Gulf of Mexico (GOM) projects, the recent downturn in oil prices is expected to have minimal direct impact on GOM crude oil production through 2016. EIA projects GOM production to reach 1.52 million barrels per day (bbl/d) in 2015 and 1.61 million bbl/d in 2016, or about 16% and 17% of total U.S. crude oil production in those two years, respectively. The…
USCG Marine Safety Alert
The U.S. Coast Guard issued a marine safety alert today to remind all gas carrier owners and operators to ensure that all personnel follow approved Safety Management…
Vessel Sales: February 2015
Vessel sales for February 2015 - (as of March 1) as prepared by Shipping Intelligence, Inc., New York.
First Ship to Load Soy at Tegram Bound for China
The first ship to load soybeans from the new Tegram terminal in the northeastern port of Ponta Madeira in Sao Luis, Brazil, will berth on March 10, local shipping agents Cargonave said on Tuesday.
Coast Guard Foundation Announces Annual 8th District Salute Honorees
The Coast Guard Foundation announced that it will honor Thomas Allegretti and the American Waterways Operators (AWO), a motor lifeboat crew from Pensacola, Florida, and an aircrew from Air Station Houston, Texas at its Annual Salute to the 8th Coast Guard District on Friday, March 13th in New Orleans. The New Orleans salute raises approximately $500,000 each year to fund education, support and relief programs for the Coast Guard Foundation…
Oil Storage at Sea Stalls as Profit Play Fades
Traders are cutting plans to use tankers to store oil at sea as the price incentive recedes, the global head of oil at mining and commodities group Glencore's said on Tuesday.
Colombia Detains China-Flagged Ship Transporting Explosives to Cuba
Colombian authorities detained a China-flagged ship traveling to Cuba for illegally transporting around 100 tons of gunpowder and other materials used to make explosives and arrested the captain, the attorney general's office said. The vessel was stopped on Saturday in the northern port of Cartagena, on the Caribbean coast, after the materials were detected during inspection. The cargo was listed in the ship's records as grain products.
USCG Marine Safety Alert
The U.S. Coast Guard issued a marine safety alert today to remind vessel owners and operators to establish effective fuel oil changeover procedures during efforts…
Maritech Delivers $14.5M Canadian Subsea Cable Installation
Maritech International has completed a USD $14.5 million a subsea power cable installation in for New Foundland Power Inc., Maritech announced. Maritech, a provider…
ThyssenKrupp Says Submarines Part of Growth Story
Germany's Thyssenkrupp sees its submarine business as making an important contribution to its growth targets, the head of its Industrial Solutions business area said on Tuesday.
Gas Turbine Alternator Installed into Aircraft Carrier
The Aircraft Carrier Alliance has completed the installation of the first MT30 Gas Turbine Alternator (GTA) package into the Royal Navy’s latest aircraft carrier HMS Prince of Wales, at Babcock’s Rosyth shipyard in Scotland. The Rolls-Royce MT30 is a 36 megawatt (around 50,000 horsepower) Marine Gas Turbine. Each 120-metric-ton GTA package consists of a GE supplied alternator coupled to a Rolls-Royce supplied MT30 Gas Turbine contained within an enclosure.
Added Value Innovation Drives Control of BWTS
Specifying for ballast water treatment systems can be a difficult process. Ian Hamilton, sales manager for marine electrical wiring control and instrumentation specialists CMR Group, offers guidance. Ballast water, which is used to maintain balance and stability when a ship is empty of cargo, has been identified as a key factor responsible for bringing invasive species of microorganisms into non-indigenous environments, causing a major threat to marine ecosystems.
Hospital Ship Brought up to Speed with AMOS
SpecTec will work with long term partner Mercy Ships to migrate its current system Business Suite to AMOS Enterprise Management Suite (EMS). Mercy Ships’ Africa Mercy, the world’s largest hospital ship, will now receive a brand new update of the latest version of AMOS EMS installing the Quality Management module. This will then follow with the migration of its existing modules from the current system.
Two Newbuilds Delivered to Star Bulk
Star Bulk Carriers Corp. took delivery on February 27 of M/V Honey Badger (ex HN NE 164) and M/V Wolverine (ex HN NE 165), two 61,000 dwt Ultramax bulk carriers…
Repair Yard Chosen for Lysblink Seaways
Cargo ship Lysblink Seaways will be towed to Inchgreen, Greenock for repair work after grounding last month on Scotland’s west coast. The vessel, which ran aground February 18, was refloated and taken to Scallastle Bay in the Sound of Mull where Svitzer Salvage has a team on board to prepare Lysblink Seaways for her tow to the repair facility. According to the U.K Maritime and Coastguard Agency (MCA)…
Brazil Truck Strike Diminishes
Some truck drivers in Brazil continued blocking roads on Tuesday, slowing grains deliveries to southern ports, even as adherence to the strike diminished and a key…
Ferguson Appoints Partner OPS-OES
Ferguson Group Singapore, a specialist in the provision of DNV 2.7-1 / EN12079 offshore containers, reefers, tanks, waste skips, baskets, accommodation and engineering workspace modules has announced the appointment of OPS Oilfield Equipment and Services Ltd (OPS-OES) as the group’s new exclusive partner for Thailand. Bangkok Headquartered OPS Oilfield Equipment and Services Ltd, has been servicing the offshore and onshore energy sector in Thailand for many years.
Study Highlights Economic Impact of EU Shipping
The European Community Shipowners' Association (ECSA) presented the results of a recent update of the Oxford Economics study on the economic value of the EU shipping industry…