Statoil: Johan Castberg, Snorre 2040 Timelines Changed
The licensees in the Johan Castberg and Snorre 2040 licences have decided to spend more time on the projects. “Castberg and Snorre 2040 are two major and important projects in our portfolio, and it is important that we find sound and robust development solutions for them,” says Ivar Aasheim, Statoil’s senior vice president for field development on the NCS. Statoil and its partners have put in an extensive effort to develop cost-effective solutions for the projects.
USCG Petty Officer Convicted, Sentenced
A Coast Guardsman was convicted and sentenced during a General Court-Martial in New Orleans, Thursday. Petty Officer 2nd Class Leonel Hinojosa, 32, was sentenced to reduction to E-1, confinement for two years, and a Dishonorable Discharge from the United States Coast Guard. While he is in confinement he forfeits the right to his pay and allowances. Hinojosa was convicted under the Uniform Code of Military Justice of two specifications of Article 92 (dereliction of duty)…
Caterpillar to Stay in Peoria
After a multiyear study focused on modernizing its global headquarters, Caterpillar Inc. today reaffirmed it will remain in Peoria, Illinois, and revealed a design that will eventually span 31 acres on the city’s riverfront. A three-tower building located in the heart of a six-block campus, which includes innovative work spaces and amenities designed to retain and attract the finest talent in the world.
Hapag-Lloyd Warn About Verification by German Customs
Hapag-Lloyd has informed that for all import cargo to be discharged at the German ports of Hamburg and Bremerhaven the carrier is responsible to send a complete import manifest (“Summarische Anmeldung”) to German Customs Authorities latest 24 working hours prior vessel arrival at the ports of Hamburg and Bremerhaven. This manifest transmission has to include all laden containers with complete Bill of Lading details without fail.
Wärtsilä, Clean Marine Energy Offer "Scrubber Finance"
Wärtsilä and Clean Marine Energy (Europe) Ltd (CME) today announced the landmark signing of the shipping industry's first collaboration agreement that will provide a convenient funding solution to drive the uptake of exhaust gas cleaning technology. The move is intended to ease the financial burden on ship owners seeking to install scrubber systems in order to meet sulphur emissions legislation. The financing solution…
Rushton Gregory Inks Gemeco Marketing Deal
Rushton Gregory Communications announced today the latest addition to its industry-leading client roster, Gemeco Marine. Based in Lake City, South Carolina, Gemeco has over 30 years of experience serving the marine electronics industry as experts in the selection, placement and technical support for marine transducers as well as adept knowledge of NMEA networking and components. Gemeco also offers an array of marine accessories including underwater lighting…
Holland America Line Heads NOAA's List of Weather Observations
Holland America Line topped the list in 2014 for the World’s Leading Weather Observing Cruise Ship Companies who submitted weather information to the National Oceanic and Atmospheric Administration (NOAA). The Holland America Line fleet of 15 ships sent in a combined total of 22,281 observations during the year, landing them at number one. Holland America Line also was at the top of the list in 2008 and 2006.
Cook Islands to Issue Wreck Removal Certificates
The Cook Islands has acceded to the Nairobi International Convention on the Removal of Wrecks, 2007 (“The Nairobi Convention”). As a State Party, Cook Islands will issue Wreck Removal Certificates to its own ships and also to ships flying the flags of states that have not yet become party to the Nairobi Convention. The Nairobi Convention, which will come into force on 14 April 2015, requires all ships…
Richmond Ferry Service to Become a Reality
At its meeting of March 5, the Board of Directors of the Water Emergency Transportation Authority (WETA) approved a Cooperative Agreement with the Contra Costa Transportation Authority (CCTA) and the City of Richmond to provide operating subsidy for proposed Richmond ferry service. The 10-year agreement will serve as the basis of future planning efforts among the involved agencies to support and plan for Richmond ferry service.
Caterpillar, Uptake to Create Analytic Solutions
To help customers around the world better understand the health of their equipment and optimize machine availability, Caterpillar Inc.today announced it has entered into a technology and predictive analytics agreement with Uptake, provider of a dynamic analytics and insight platform for a wide array of industries, based in Chicago, Illinois. Caterpillar has made a minority investment in Uptake and…
ST Engineering Makes Management Changes
Singapore Technologies Engineering Ltd today announced that Mr Ravinder Singh will replace Mr Sew Chee Jhuen as President of Singapore Technologies Kinetics Ltd (ST Kinetics). Mr Sew will take on a new role as President for Special Projects at ST Engineering. The appointments are effective 23 March 2015. Mr Singh is currently Deputy President, Corporate and Market Development at Singapore Technologies Electronics Limited (ST Electronics), a role he held since joining the Group in August 2014.
Danelec Marine Unveils eSERVICEConnect Initiative
Danelec Marine launched its new eSERVICEConnect initiative today in a move to automate and streamline shipboard service for its products worldwide. Danelec’s eSERVICEConnect is an Internet, cloud-based solution designed to provide seamless integration of the ship service process by connecting the equipment manufacturer, service company and shipmanager to ensure fast, efficient and high-quality service for ships anywhere in the world.
Scandlines Concludes Sale of Freight Routes
First State Investments is taking over the ferry route Helsingør-Helsingborg including the five vessels operating the line. The contract with First State Investments became effective retroactively as of 1 January 2015. In connection with the closing of the sales, Scandlines has repaid debt in the order of EUR 66 million, keeping the leverage below 4.7 x EBITDA. The remaining proceeds from the transaction are planned for upstream dividend to the ultimate owners of Scandlines.
Toyota Kirloskar, Kamarajar Port Ink Deal for Expansion
Toyota Kirloskar Motor Pvt. Ltd. (TKM) signed an MoU with Kamarajar Port Ltd. (KPL) in order to help facilitate the expansion of its export business. The MoU is a win-win for both as TKM will build a long-time relationship with the port, boosting its business and improving its commercial viability in a highly competitive market, and in return, TKM will benefit from the port related tariff concessions, giving a boost to its CBU for export to global markets.
India's Naval Help to Small Indian Ocean Nations
Indian Prime Minister Narendra Modi assigned senior officials in the Ministry of Defence with a task to “identify” and “support” maritime needs of smaller nations in the IOR is being undertaken so as to counter the Chinese presence in the region, says government sources. This forms a strategy in which the government is looking at supporting the maritime infrastructure of friendly foreign countries.
Remontowa to Build Ferries for BC Ferries
Polish shipyard Remontowa Shipbuilding SA has signed a contract for building three car-and-passenger ferries for the Canadian ship owner - BC Ferries Company, said Xinhua. The Remontowa Shipbuilding shipyard in the Polish seaside city of Gdansk has laid down the keel of the first ferry. The first ferry is to be finished in the third term of 2016. Two of the ferries to be built in Poland will replace the old ones, while the third one will make a seasonal supplement to the regular units.
EC Okays Maritime Fisheries Fund
European Commission has approved Malta’s Operational Program European Maritime Fisheries Fund (EMFF) for the 2014-2020 financial periods, announced Parliamentary Secretariat for the EU Presidency 2017 and EU Funds. The approval document has now been finalized and adopted by the European Commission allowing Malta to invest €22,627,422 million under this Operational Program after the necessary negotiations.
Irish Ferries Owner Revenues up 9.6%
Irish Continental Group, the company behind Irish Ferries, posted a 9.6pc increase in revenue last year (2014) in taking Euro 290.1 million. ICG's ferry division grew by 14 percent - and its container & terminal division grew by 2.6 percent. Its pre-tax profits were €56.7m - up from €23.7m in 2013. Its earnings before interest, tax, depreciation and amortization (ebitda) rose by 2.6 percent to €50.5 million.
Houston Ship Channel Reopens After Ships Collide
The Houston Ship Channel has reopened after a collision between a container ship and a chemical tanker, according to a spokesman with the United States Coast Guard. The shutdown came hours after the channel reopened following several days of fog that held up traffic. The Coast Guard said there is no pollution in the water. No injuries or pollution were reported as a result of Thursday's collision in the top U.S. petrochemicals port, the pilots said. “Right after 2 p.m.
Are Megaships Game Changers?
Bragging rights for the world’s largest container ship have changed hands four times in as many months and keep on shifting again, says a report in the Bloomberg. The megaships have come to dominate container shipping with astonishing rapidity over the past decade. The shift to larger ships was pushed along by the global financial crisis and rising fuel costs. Due to weak freight rates shipping lines tend to send as many goods as possible in a single voyage.