UK Will Force Fridman to sell N.Sea Assets
Britain is ready to force the sale of Russian oligarch Mikhail Fridman's recently acquired North Sea energy assets unless it receives unspecified assurances within the next week…
Bulker Loses Power, Runs Aground
The U.S. Coast Guard is monitoring a vessel that lost propulsion and briefly grounded in the vicinity of Welch Island, Wednesday. The crew of the 738-foot bulk carrier Miyama is currently underway enroute to Kalama north berth, after having effected repairs to their propulsion system, with the tugs Deschutes and Sommer S escorting the vessel. Watchstanders at Coast Guard Sector Columbia River received a report from Columbia River Pilots stating the vessel ran aground around 11:20 a.m.
GOST to Unveil New Products at MSE Conference
GOST (Global Ocean Security Technologies),announced today that it will highlight its newest commercial maritime products at the 2015 Maritime Security East conference in Jacksonville, Florida, March 10 through 12. Designed to withstand the rigors of commercial maritime use, the GOST Watch HD H20 is a revolutionary new video surveillance system, housed in a compact, IP67 certified waterproof, impact-resistant, fiberglass container.
General Dynamics Board Increases Dividend
The board of directors of General Dynamics today declared a regular quarterly dividend of 69 cents per share on the company's common stock, payable May 8, 2015, to shareholders of record on April 10. The dividend represents an 11.3 percent increase from the previous quarterly dividend of 62 cents per share. This is the 18th consecutive annual dividend increase authorized by the General Dynamics board.
MacGregor Wins Chinese Shipyard Order
MacGregor, part of Cargotec, has received an order from Wuhu Xinlian Shipyard in China for eight MacGregor dry bulk cement handling systems. The fully automated pneumatic systems will be installed on two 78m 12,000 bhp 150T BP anchor handling, tug, supply and oil recovery vessels and six 79m 4,000 dwt platform supply vessels. The contract includes system design and the delivery of key components, which will take place between August 2015 and January 2016.
BIMCO Environmental Performance Guide
BIMCO today launched a new, multi-part guidance resource to support ship owners and operators in improving their environmental performance and the efficiency of their ships. BIMCO’s Guide to Maritime Environmental & Efficiency Management, developed in partnership with maritime efficiency specialists Fathom, and supported by ClassNK, provides a resource to facilitate compliance with environmental regulations…
Coastal Interceptors for Kuwait Coast Guard
Following an extensive evaluation protocol, the Kuwaiti Ministry of the interior has placed an order with Tampa Yacht Manufacturing LLC based in Florida – U.S.A, parent company of Tampa Defence UK and Tampa Defense USA, for 29 Fast Coastal Interceptor craft for the Kuwaiti Coast Guard. The 14.42M craft are powered by Man R6-800 diesels rated at 1600hp. The Tampa Yacht 44 FCI has a top speed of 55+ knots at full load and a range of over 300 nautical miles at 38 knots.
Ensco Announces Cash Tender Offer
Ensco plc announced today that it has commenced a cash tender offer to purchase any and all of its outstanding 3.25% Senior Notes due 2016 (CUSIP No. 29358QAB5). The tender offer is being made pursuant to an Offer to Purchase dated today and a related Letter of Transmittal and Notice of Guaranteed Delivery, which set forth the terms and conditions of the tender offer. As of March 4, 2015, the aggregate principal amount of the notes outstanding is $1.0 billion.
Ships Can’t Cope with Flow of Immigrants in Mediterranean
The number of migrants crossing the Mediterranean is putting a "disproportionate" burden on the shipping industry, threatening the tradition of maritime rescue, says another report in AFP. Last year 800 vessels were diverted to rescue some 40,000 migrants at sea in 2014 alone. The migrants are mostly from Libya and the Syria on small boats drifting in the water. Peter Hinchliffe, secretary general…
Arctic on Thin Ice
Arctic sea ice - the ice that freezes and floats on Arctic waters - is thinning at a steadier and faster rate than researchers previously thought, a new study finds. Using modern and historic measurements, the researchers got an extensive view of how the thickness of Arctic sea ice has changed over the past few decades. According to measurements from multiple sources, the ice in the central Arctic Ocean thinned 65 percent between 1975 and 2012, from 11.7 feet (3.59 meters) to 4.1 feet (1.25 m).
Egypt on a War Footing to Expand Suez Canal
The Suez Canal Authority is in a race to quickly expand the vital waterway for two-way traffic by August 2015, says an Associate Press report. Workers dig round the clock on Suez Canal expansion, hoping for surge in East-West trade. President Abdel-Fattah el-Sissi has made the project a point of nationalist glory, not to mention a cornerstone of plans to revive the economy. But while shippers say more ships may be drawn by shorter waiting times…
Vancouver Port Fire Leads To Evacuation
A chemical fire at a Vancouver container terminal led to a partial evacuation of Canada’s largest port for several hours Wednesday afternoon, as a cloud of white smoke drifting over the city prompted health warnings and road closures, says Canadian Press. "All south shore of the Burrard inlet port operations have been shut down, including rail and truck access," said Port Metro Vancouver spokesman John Parker-Jervis in a statement.
Indian Port Workers to Launch Indefinite Strike
Port and dock workers in India are planning to go on an indefinite strike starting March 16th – they are protesting the government’s move to corporatize major ports. The original decision by workers to go on an indefinite strike from March 9 has been tentatively postponed to March 16, following a meeting called by the chief labour commissioner (CLC). According to S R Apraj, general-secretary, Mumbai Port Trust…
Massive Rent Hike at Port of Melbourne
The Port of Melbourne Corporation has told DP World Australia that it wants to increase rent at the terminal by up by 800 per cent of the current amount, reports local media. It also comes as the Victorian government prepares the Port of Melbourne for sale. The move by the Victorian Government has sparked warnings of job cuts as well as economic damage to the state. The trucking industry fears it may have to carry much of the weight of the possible hefty rent hike.
6 NATO Ships Begin Joint Black Sea Exercise
Six NATO warships, including Turkish, Bulgarian and Romanian vessels, have arrived to the Black Sea to start joint training exercises. NATO ships assigned to Standing NATO Maritime Group Two (SNMG2) arrived today in the Black Sea to operate and train with ships from the Bulgarian, Romanian and Turkish Navies, according to NATO Maritime Command (MARCOM) press release. Marine Group Two is comprised of six ships — Vicksburg…
Gulf Craft Makes a Splash with New Luxurious Yachts
UAE-based yacht and boat builder, Gulf Craft has made three global launches of latest super yacht - the Majesty 122, the Nomad 65 and 75 from the new collection of yachts designed for the passionate seafarer. Three new luxury yachts worth a total of Dh53 million were unveiled by Gulf Craft on the first day of the Dubai International Boat Show on Tuesday. Measuring 37.5m in length, with a fuel capacity of 25,250 litres, Majesty 122 costs a staggering $11m (Dh40.40m).