Baltic Index Up Slightly on Higher Rates for Large Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, rose slightly on Monday due to firmer rates for the large vessel segments.
Risk & Reputation in the age of Disruption
Risks faced by today’s global businesses represent a combination of traditional concerns and newer threats that reflect changing times. The 2015 Allianz Risk Barometer, a survey of more than 500 corporate insurance experts and risk managers from 47 countries, revealed that issues related to business interruption and supply chain risk, natural catastrophes, and fire and explosion continue to top annual rankings.
Royal Caribbean Cuts Profit Forecast
Royal Caribbean Cruises Ltd cut its adjusted profit forecast for the year, citing a jump in fuel prices since its January forecast and a strong dollar. Shares of…
Underway on LNG
On 17 January 1955, Commander Eugene P. Underway on LNG has an opportunity to signal an equally significant change in the merchant marine. On February 6, 2015, the newly built Harvey Gulf International Marine offshore supply vessel (OSV) Harvey Energy was bunkered for the first time by liquefied natural gas (LNG) delivered by tank truck in Pascagoula, Miss. After receiving classification from the American Bureau of Shipping (ABS) and a Certificate of Inspection from the US Coast Guard…
Marshall Islands Calls for New Emissions Target
In a submission to the International Maritime Organization, the Republic of the Marshall Islands, currently the world’s third largest shipping registry, has called for the setting of a new global target for reducing greenhouse gas emissions from international shipping, a growing sector currently left out of international climate negotiations. “The goal of keeping global temperature rise under 1.5 to 2 degrees Celsius requires action from all countries, and all sectors of the global economy.
ClassNK Opens R&D Center in Singapore
Classification society ClassNK promoted the activities of its new Global Research and Innovation Center (GRIC) at a press conference held today in Singapore. Joined by representatives from Nanyang Technological University, ClassNK Executive Vice President Tetsuya Kinoshita explained the rationale behind GRIC and the current goals for the center. Maritime technologies: Research and development into…
ReFRESCO-Operation Unique Opportunities in CFD
CFD plays an increasingly important role in the design of maritime and offshore structures. MARIN has always supported this with dedicated tool development, extensive validation and application. Naval architects and offshore engineers increasingly use CFD calculations themselves or plan to do so in the near future. To stimulate cooperation and interaction in this field, MARIN now invites its clients to take part in the ReFRESCO-operation.
Towboat Delivered to Tidewater Transportation & Terminals
Tidewater Transportation and Terminals, headquartered in Vancouver, Washington, has taken delivery of Crown Point, a new custom-built towboat commissioned at Portland’s Vigor Industrial. Crown Point is the first of a series of three towboats being built at Vigor for Tidewater, and will join the company’s current fleet of 16 vessels and 160 barges. Marc Schwartz, Maintenance & Engineering Manager at Tidewater…
Dispersants ... Will we ever be able to use them again?
On January 22, 2015, the Environmental Protection Agency (EPA) published a Proposed Rule on dispersants. The Proposed Rule drastically changes the EPA’s approach to dispersants and could imperil proven and effective means of responding to marine oil disasters. The Proposed Rule seems to be written from the perspective that dispersants are dangerous and should not be used and seeks to establish new toxicity and other standards.
Bulk Carrier Grounds in St. Lawrence Seaway
A 621-foot bulk carrier ran aground near Wellesley Island in the St. Lawrence River, Monday. The U.S. Coast Guard (USCG) is responding. The Bahamian-flagged motor vessel Juno is aground in the vicinity of Wellesley Island, in the St. Lawrence River, New York, and is taking on water in one of the forward ballast tanks. The vessel is slightly listing to port with 18-feet of water in the forward peak of the vessel. There are no reported injuries to the crew, and no reported pollution.
IMO Conference to Address Ferry Safety
The International Maritime Organization (IMO) will hold an international conference on the enhancement of safety of ships carrying passengers on non-international voyages, in Manila, the Philippines, on April 24, 2015. The conference, which will be opened by IMO Secretary-General Koji Sekimizu, will be hosted by the Government of the Philippines at the Philippine International Convention Centre, Manila…
Biloxi Industrial Seaway Closed Due to Landslide
The U.S. Coast Guard closed the Biloxi Industrial Seaway in Gulfport, Miss., due to a landslide, Saturday. The Biloxi Industrial Seaway in the vicinity of the Lorraine Bridge is closed to all traffic. The USCG said it was notified at approximately 5:20 p.m. Saturday that the channel was entirely blocked by trees and other debris. The area experienced heavy rainfall near the time of the incident. The USCG is coordinating with the U.S.
Ferguson Marine Chooses ShipConstructor
Ferguson Marine in Port Glasgow, Scotland has invested in a comprehensive package of SSI products. Ferguson has chosen to implement almost every ShipConstructor product including: Hull…
First Ocean Vessel of 2015 Arrives at Port of Indiana
The arrival of the 655-foot bulk carrier M/V Irma at the Port of Indiana-Burns Harbor signals the official opening of the port’s international shipping season. Port officials welcomed 2015's first ocean vessel on Monday with a ceremony presenting the Ports of Indiana "Steel Stein" to the ship's captain. "Our port is open year-round handling Great Lakes ships and river barges, but the first ocean vessel of the year signifies the opening of Northwest Indiana's gateway to the world…
Vane Brothers Welcomes Latest Tug Newbuild
The Vane Brothers Company, a marine transportation provider headquartered in Baltimore, has taken delivery of Kings Point, the latest in a wave of Maryland-built tugboats. Constructed under the supervision of Vane Senior Port Captain Jim Demske, Kings Point is the 10th of 14 “Sassafras Class” tugboats contracted by Vane Brothers through Chesapeake Shipbuilding of Salisbury, Maryland. Kings Point also has a sister tug…
Pollet to Lead R&D at Coldharbour Marine
Coldharbour Marine Ltd. has appointed Professor Bruno Pollet to head its R&D department. Bruno Pollet moves to Linby, Nottinghamshire from the University of the Western Cape, Cape Town, South Africa where he was Professor of Energy Materials and Systems and Director of the National DST Hydrogen South Africa Systems Competence Centre, an industry led R&D group with an emphasis on prototype development and manufacturing.
Hull Inspection Systems Delivered to the US Navy
Bluefin Robotics has delivered new vehicles to the U.S. Navy that aim to increase the Navy's capability to remotely search and investigate ship hulls, harbor sea floors and other underwater infrastructure for limpet mines, Improvised Explosive Devices (IEDs) and other objects of interest. The Navy accepted delivery of Bluefin Robotics’ ship hull inspection systems 4 and 5 under the “Explosive Ordnance Disposal…
Delivery Begins for HMS Prince of Wales Bridge
The bridge section of the U.K.’s second Queen Elizabeth Class aircraft carrier has been loaded out of its dock hall in Glasgow ahead of its first sea voyage to Rosyth. Upper Block 07 is where HMS Prince of Wales will be commanded atop the flight deck and is known as the Forward Island. As the main hub of the ship it contains the bridge and approximately 100 vital mission systems compartments. The Forward…
Siemens Wins Vessel Electrical Installation Contract
Nautilus Minerals Inc. announces that the order for the supply of the entire electrical installation for the production support vessel has been awarded to Siemens…
SAAM SMIT Towage Brazil Signs on with Helm
Helm Operations has signed on Brazilian harbor services company SAAM SMIT Towage to its Helm Marine Operations software to manage its billing and dispatch. SAAM…