Russia May Allow More Firms to Offshore Oil
Russia may allow more oil companies to access its offshore projects, Energy Minister Alexander Novak said on Friday. "In general, the access can be extended," Novak told reporters in Moscow.
Baltic Sea Index Down as Weak Demand Hits Vessel Rates
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday as lack of demand took a toll on rates for most of the vessel segments.
Advanced Drillships a Burden for Owners as Business Slows
Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators.
Nations Convene for Arctic Maritime Discussion
Citing an increasing need to ensure safety, security and stewardship of Arctic waters, member countries of the Arctic Council gathered at U.S. Coast Guard Headquarters Wednesday for a two-day Arctic Coast Guard Forum (ACGF) Experts Meeting. The ACGF, a cooperative initiative between nations with shared maritime interests in the Arctic, includes member nations Canada, Denmark, Finland, Iceland, Norway, Sweden, the Russian Federation and the United States.
USCG Conducting Ice Flushing Operations
The Coast Guard cutter fleet is flushing ice through the Great Lakes river systems to prevent ice jams and facilitate commercial shipping as the shipping season begins and the ice on the Great Lakes dissipates. Ice breaking operations, above freezing-temperatures, and rain has caused plate ice to weaken, creating large and small ice floes through the Great Lakes and its river systems. The Coast Guard…
Maritime Training Academy Announces Diploma in Maritime Security
The Maritime Training Academy announced the launch of its new diploma in maritime security today. The Surrey, UK-based distance learning center said the diploma…
Greek Ferry Still Stuck
The Greek ferry that ran aground just outside of port on the Aegean Island of Kassos Wednesday night is still stuck. The 227 passengers and 55 crew aboard the Vitsentzos…
Imtech Marine USA and Radio Holland ‘Reloaded’
Fergus Campbell recently took the top spot at Imtech Marine USA. He discusses the path forward, particularly the desire to expand the ubiquitous Radio Holland brand. How did you come to a career in the maritime industry? There were a number of factors that led me to this career. Growing up in a small seaport town along the banks of the River Clyde, I remember from a young age being captivated by the variety of ships sailing by and wondering what it would be like to work on them.
Ukraine Arrests Turkish Cargo Ship Over Crimea Port Call
Ukrainian authorities have arrested a Turkish-owned cargo ship and detained its captain over a visit it made to a port in Crimea after Russian annexed the peninsula from Ukraine last year.
Port of Aden Under Threat with Enemy at the Gates
As Saudi Arabia and its Arab allies stage air strikes against Shi'ite Muslim militiamen threatening to topple Yemeni President Abd-Rabbu Mansour Hadi, the southern…
Maritime Training Five Years from Now: A Look Ahead
For anyone involved in maritime training, now is an incredibly exciting time full of opportunity. More than ever before, there are new advanced techniques and technologies available that can significantly improve training outcomes and access to training, while keeping costs under control. Properly deployed, these advances will improve safety - on that, the research is very clear. This article looks…
Turkey Maritime Sector Alive & Kicking
Located on the periphery of two great continents, Turkey has benefitted from being in a favored position right at the center of an assertive and fast growing economic area. This geographical location finds Turkey in a very favorable position. Despite the general economic recession, the country’s shipping ports and shipbuilding sectors have faced challenges resolutely and expanded consistently. With a coastline of approximately 8…
Schmiedag and Wildauer Schmiedewerke: 'We Forge Partnerships'
Olaf Wiertz, Sales Director at Schmiedag GmbH (SDG) and Wildauer Schmiedewerke GmbH & Co. KG (WSW) said: “We are more than just a supplier to our customers – we are their partner. Based decades of experience and the accrued knowledge of its employees, SDG and WSW seek to set world standards in the forging technology. Both companies together (also including a facility in Homburg for machining) form the closed-die-forging group within the more the Georgsmarienhuette (GMH) group…
Shipping Season Opens on the Mississippi
M/V New Dawn arrived at Lock and Dam 2 near Hastings, Minn. Wednesday morning, marking the unofficial opening of the 2015 shipping season on the Upper Mississippi River, according to the U.S. Army Corps of Engineers (USACE). The USACE St. Paul District recognizes the first tow to arrive at Lock and Dam 2 as the unofficial start of the navigation season because it means all of its locks are accessible to commercial and recreational vessels.
Mediterranean Rescue Operations Strain Shipping
The Wall Street Journal ran a story yesterday describing how the increasing number of seaborne migrants making the journey from Africa to Europe has not only proved to be too much for European coast guards and navies, it now poses a major problem for Mediterranean shipping. Maritime law states that all vessels, including private vessels and huge container ships, must come to the aid of any boat in distress.
“You see that ship. That’s our ship,” says Karsten Saevik, as he directs our attention to the virtual image of one of his platform supply vessels on a computer screen in a darkened room. Saevik is one of four shipping bosses whose crew skills needs will be met at the new Faasnavaag Ocean Academy. We arrive five days from its opening, and with the drywall still drying, we look move closer to a giant white sphere indicating a bridge simulator in the wide-open reception.
NORDEN CEO: Bulk Market Challenges to Continue
Klaus Nyborg, interim CEO at Denmark-based dry bulk and product tanker shipping company Dampskibsselskabet NORDEN A/S, expects difficult dry cargo market conditions to continue through 2015 as the tanker market has come off to a good start. “2015 looks like it is going to be quite a challenging year in dry cargo just as 2014,” Nyborg stated in an editorial for the NORDEN spring magazine. Adapting to the market difficulties…
TDDCL Seeks Input for New Repair Yard
The Trinidad Dry Dock Company Limited (TDDCL) has invited companies to submit proposals to conduct an Environmental Impact Assessment and Geotechnical Investigation for a new ship repair yard development project at Port of Spain. TDDCL has executed a Memorandum of Agreement with Invest Trinidad and Tobago (InvesTT), which is empowered by the Government of the Republic of Trinidad and Tobago to facilitate…
Washington State Ferry Tacoma Returns to Service
Washington State Ferry M/V Tacoma will return to work on the Seattle/Bainbridge Island route starting March 28 after suffering electrical damage last summer. The Tacoma lost power and suffered significant damage to its electrical switchboard system transiting from Seattle to Bainbridge Island in July 2014, requiring ferry maintenance workers, engineers and contractors to spend eight months inspecting and rebuilding the system.
BAE Systems to Expand San Diego Shipyard
BAE Systems announced it will invest approximately $100 million to expand drydocking capabilities at its San Diego shipyard. The investment, which will include the purchase of a new drydock and a range of infrastructure improvements at the yard, aims to enhance ship repair, maintenance and modernization services the company provides to the U.S. Navy, other government agencies and commercial customers, the company said.