Navy League Honors Retired Ingalls President
Irwin F. Edenzon, the retired president of Huntington Ingalls Industries' (HII) Ingalls Shipbuilding division, accepted the Navy League of the United States' Fleet Admiral Chester W. Nimitz Award last night. The Navy League presented the award at the annual Sea-Air-Space Black Tie Reception and Banquet at the Gaylord National Resort and Convention Center in National Harbor, Maryland. The Nimitz award…
Sea Star Line, ACT Sign LNG Bunkering System Agreement
Sea Star Line, LLC and Applied Cryo Technologies (ACT), in cooperation with Dragon Products, have finalized plans for the first liquefied natural gas (LNG) bunkering…
Box Ship Oversupply Stoking Trouble
Despite positive growth momentum, the container shipping industry continues to suffer new, big ship deliveries with no let-up to the ordering frenzy according to the Container Forecaster, published by Drewry Maritime Research. Drewry forecasts another year of excess growth in relation to demand in 2015. This will make it harder for carriers to repeat the estimated 92% load factors across the main headhaul East-West trade lanes achieved in 2014.
China Reef Work Could Lead to New Exclusion Zone
China could eventually deploy radar and missile systems on outposts it is building in the South China Sea that could be used to enforce an exclusion zone over the disputed territory, the U.S.
Otto Marine Builds 4 Vessels for PTK
Otto Marine Limited, an offshore marine group which owns and operates a large fleet of offshore support vessels with a worldwide presence, complemented by a technically proven shipyard, announced today that its shipyard, PT Batamec, has completed the construction of two units of harbor tug and two units of anchor handling tug supply (AHTS) for PT Pertamina Trans Kontinental (PTK). A delivery ceremony was held for the four vessels on March 27, 2015 at the Group’s shipyard in Batam, Indonesia.
Mount Vernon Port Breaks Indiana Shipping Record
The Port of Indiana-Mount Vernon recorded the highest quarterly shipments by any port in Ports of Indiana's over 50-plus year history during the first quarter of 2015.
WCI Praises Increased USACE Funding
WCI today praised the leadership of House Appropriations Committee Chairman Hal Rogers (R-KY) and Energy & Water Development (E&WD) Appropriations Subcommittee Chairman…
Krill Systems Partners with Six Maritime
In recognition of the growing demand for Krill Vessel Fuel Management Systems (VFMMS) worldwide, including certain regions that are currently experiencing political instability, Krill Systems Inc.
Baltic Index up on Higher Rates for Bigger Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities inched up on increased rates for bigger vessel segments.
US Could Eliminate Energy Imports -EIA
EIA's AEO2015 projects that U.S. The Annual Energy Outlook 2015 (AEO2015) released today by the U.S. Energy Information Administration (EIA) presents updated projections for U.S. energy markets through 2040 based on six cases (Reference, Low and High Economic Growth, Low and High Oil Price, and High Oil and Gas Resource) that reflect updated scenarios for future crude oil prices. "EIA's AEO2015 shows that the advanced technologies are reshaping the U.S.
SC Ports See 14% Container Volume Growth
SC Ports Authority sustained double-digit container volume gains in March, reporting 14.3 percent fiscal year to date growth of twenty-foot equivalent units (TEUs) over the same period last year.
Panic on Migrant Boat Kills Hundreds
Hundreds of people desperate to be rescued from a packed migrant boat in the Mediterranean pushed to one side when they saw a ship approach, capsizing the craft…
Vopak Workers Plan One Day Strike at 11 Dutch Terminals
Vopak workers are planning strike action at all 11 of the company's oil, gas and chemical terminals in the Netherlands on April 22, union officials said on Wednesday.
Cargo Ships Stuck off Yemen as Fighting Worsens Food Security
At least five merchant vessels carrying food are stuck off Yemen as warships from a Saudi-led coalition search them for weapons bound for Iran-allied Houthi rebel forces…
Resolving A Contamination Claim In West Africa
Dennis de Bruin, Marine Director at BMT Surveys, describes what a surveyor can do to turn an apparent total loss of high quality fuel into the acceptance of a sound product. Shipping is a global business and the obstacles and challenges faced are often demanding. Hence knowledge, experience and personal contacts are essential to resolve problems. These challenges can be due to geography, e.g. the remoteness of places…
Fednav Orders 12 Ballast Water Treatment Systems
Fednav Limited, a Canadian operator of international ships in the Great Lakes-St. Lawrence Seaway system, announced an order for 12 ballast water treatment systems to equip its ships currently under construction. According to the shipper, this makes Fednav the first shipping company in Canada and the Great Lakes to announce the installation of ballast water treatment systems, well before the regulatory requirement.
GPA Container Traffic Leaps Nearly 28%
The Georgia Ports Authority increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 twenty-foot equivalent container units (TEUs). For the first time ever, the Port of Savannah moved 333,058 TEUs in a single month, surpassing its previous monthly record set in October 2014 by more than 21,000 TEUs. "We are moving record volumes while maintaining excellent service levels for our customers," said GPA Executive Director Curtis Foltz.
Caterpillar Acquires ESRG Technologies Group
Caterpillar Marine has announced it has completed the acquisition of ESRG Technologies Group, LLC, a vessel monitoring and data analytics leader in the marine industry. The acquisition includes ESRG’s comprehensive software suite for the remote monitoring and diagnostics of more than 65 on-board systems as well as the expertise to provide meaningful recommendations to ship owners to help increase efficiency, reduce downtime on their vessels and assist shipyards in reducing warranty expenses.
Talking Offshore Employment with Faststream’s Chief Executive
With the energy market swoon in full blossom, Maritime Reporter checked in with Mark Charman, chief executive of global recruiting leader Faststream, for his insights on the breadth and depth of the impact to the offshore employment market. Uncertainty. If there is one word that summarizes current global energy market conditions, it is uncertainty. The sudden downturn in oil pricing – which started…
DP System Donated to NTNU Research Vessel
Kongsberg Maritime has donated and installed a K-Pos Dynamic Positioning System aboard the Norwegian University of Science and Technology (NTNU) owned R/V Gunnerus research vessel. The donation and KONGSBERG’s continued support of the University was recognized at a VIP ceremony at the NTNU in Trondheim, Norway, yesterday (14th April 2015). In operation for NTNU since 2006, R/V Gunnerus is equipped with the latest technology for a variety of research activities within biology…