Icebreaker Murmansk Launched at Arctech Helsinki Shipyard
The 16 MW Icebreaker for the Russian Ministry of Transport was launched at Arctech Helsinki Shipyard on March 25th, 2015. Before floating the vessel, she was given the name ceremonially by breaking of a champagne bottle on the bow of the vessel. The ship was named by the Godmother of the vessel Marina Vasilyevna Kovtun, the Governor of the Murmansk Region, who wished the best of luck for the Murmansk icebreaker.
Stolt-Nielsen Limited Contemplates New Bond Issue
Stolt-Nielsen Limited is contemplating the issuance of new senior unsecured bonds in the Norwegian bond market with a minimum amount of NOK 700 million ($89 million).
Working Harbor Committee to Screen "Liemba!"
The Working Harbor Committee is presenting a screening of the documentary film "Liemba!" on Tuesday, March 31 at the Community Church of NY. The screening will feature special guest speaker James Wong, Director of Ferries, NYC Economic Development Corp. "Liemba!" is a documentary on the history and significance of the 100-year old historic vessel MV Liemba, a ferry connecting communities and people with work on the great Lake Tanganyika, the second largest freshwater lake in the world.
EALs & Oil Spill Remediation
In the wake of increased environmental scrutiny and potentially expanding liability issues, oil spill remediation continues to be of great interest to marine operations. While most outsiders think of oil spills in terms of major failures or leaks, more common oil leakage or lubricant discharges from marine equipment result in millions of gallons of oil being released into the aquatic environment each year.
Resilience & the Maritime Industry
Resilience is defined generally as the ability to recover quickly from setbacks. Setbacks are inevitable. Individuals and entities are best judged by their resilience – their ability to get back on track after experiencing a reversal. The best way to recover from a setback is to anticipate the setback in advance and plan a recovery strategy. At the most basic level, this is something we do all the time.
DNV GL - Maritime CEO Addresses Cybersecurity at CMA 2015
“Ships and offshore structures are becoming more and more interconnected,” said Tor Svensen, CEO DNV GL - Maritime, when taking the stage at this year’s CMA (Connecticut Maritime Association) event in Stamford, CT. Cybersecurity in the maritime and offshore industry was also up for discussion at this year’s CMA Shipping event during a session with the US Coast Guard, ship owners and class representatives. In the past, critical network segments onboard vessels used to be kept isolated.
Using AIS Data to Assess Collision Risks
Automatic Identification System (AIS) data is now being used to determine the collision risk for offshore installations. MARIN helps oil companies with risk assessments for offshore installations by calculating the probability of a ship collision with the offshore installation. For these calculations, the traffic around the installation can now be modelled using AIS data. In this way, the traffic situation is realistically represented.
Big Spending on Liquefaction Terminals
Capital expenditure (Capex) on global liquefied natural gas (LNG) facilities is expected to total $259 billion over the forecast period 2015-2019, according to the…
USNS Trenton (JHSV 5) Completes Acceptance Trials
Joint High Speed Vessel USNS Trenton (JHSV 5) successfully completed Acceptance Trials (AT) on March 13, 2015 in the Gulf of Mexico. Austal, the Trenton's shipbuilder, today announced the completion of the trials, which are the last significant milestone before delivery of the ship. This milestone achievement involved the performance of intense comprehensive tests by the Navy, which demonstrated the operation of the ship’s major systems and equipment.
RIBCRAFT Delivers Boat to Decatur Police Department
RIBCRAFT, manufacturer of professional grade rigid inflatable boats (RIBs) for safety professionals, law enforcement, and military agencies, announced the delivery of a specialized RIBCRAFT 7.8 to the City of Decatur, Alabama for patrol and enforcement operations. The 25’ purpose built mission specific RIB will be used by the Decatur Police Department for tactical operations and on water patrols. Located on the Tennessee River with several chemical companies on the shoreline…
Joe Frohnhoefer, Founder of Sea Tow, Dead at 71
Captain Joseph Frohnhoefer, Jr., the founder and CEO of Sea Tow Services International, died Tuesday at the age of 71. He passed at his home in Southold, NY after a battle with cancer. Frohnhoefer founded Sea Tow, which now has over 100 locations across the U.S., Europe and the Caribbean, in 1983. He stated publicly that he founded the company after the U.S. Coast Guard stopped responding to non-emergency calls.
Rosneft Cancels Rig Contract
Russian oil firm Rosneft has cancelled a contract for a two-and-a-half year rig contract with Northern Offshore and Seadrill's North Atlantic Drilling Ltd, the Norwegian offshore driller said. Western sanctions against Russia, and Rosneft in particular, have led the Russian oil group to cancel a North Atlantic Drilling vessel earlier this month and raised concerns whether a larger agreement would go through..
Studies Show U.S. Offshore’s Untapped Potential
While short-term news emanating from the global energy sector was universally negative in the waning months of 2014 as the price per barrel continued to plummet below $60, the inevitable truth of oil & gas is that prices will rise again, and the long-term picture for this extinguishable natural resource is decidedly bullish. The oil and gas industry is very well accustomed to hard cyclical markets…
Moskito to Recover Oil from Sunken Wrecks
A tool for removing oil in submerged vessels was developed in Norway by Miko Marine. Moskito is designed to address the pollution threat that exists with the large numbers of sunken ships around the world that still contain significant quantities of oil in their tanks as cargo or bunker fuel. Many of the thousands of ships sunk during WWII now have seventy years of corrosion eating at their plates and the days are drawing closer when the pollutants could escape.
Sino-Global Purchases First Tanker
Sino-Global Shipping America, which was recently listed on Nasdaq, is becoming a shipowner. The shipping agency, logistics and ship management services company today announced that it has signed a Letter of Intent to acquire a small oil/chemical tanker from Rong Yao International Shipping Limited, a Hong Kong corporation. Sino-Global will issue 1.2 million shares of its common stock to the Rong Yao as partial payment of the vessel purchase price.
Getting Onboard the Regulatory Train
Rail transport activists, analysts and environmentalists get a real taste of what the waterfront has endured for decades. They’ll just have to get in line with the rest of us. This week finds the collective domestic oil industry wringing its hands about the latest in a series of serious oil transport train casualties. This time, on Monday, the news involved a crude-carrying train that derailed in West Virginia…
Editorial: The MAN in Command
I had never personally met with U.S. Coast Guard Commandant Admiral Paul Zukunft before I sat with him in his office at Coast Guard headquarters in Washington, D.C., last month, but having sat with a long list of government, military and corporate leaders in my time, my expectations were someone who was confident, focused and, well, commanding. He’s all that and more, but what I did not expect was that the Commandant would be faster than I to the Tweet!
Cruden to Unveil High Speed Boat Simulator
Cruden is unveiling its new high speed boat simulator at the 7th HSBO Forum (Lisbon, May 4-6). Using detailed modelling and motion cueing techniques, as well as professional image generation developed in the automotive and motorsport industries (including Formula 1TM), the simulator is designed to set a new training standard for offshore, coastguard, naval, search and rescue, and security and control applications.
World Ocean Council Welcomes Damen
Damen Shipyards Group has become the latest member of the World Ocean Council (WOC). Damen is the first European shipbuilder to join the WOC, the international business leadership alliance on ocean sustainability, science and stewardship. By focusing on optimizing ship design and working on product innovations, Damen works to reduce environmental impacts of shipping. This has resulted in, for example…
Container Shipping Outlook Uncertain in 2015: AlixPartners
The outlook for the global container shipping industry remains challenging for the remainder of 2015, according to a new report from AlixPartners. In its annual outlook for the industry, the global business-advisory firm predicts that operating improvements will continue to prove difficult amid flat or declining demand. The AlixPartners report warns that carriers have been too slow to make any changes…