Norway to Host NATO Submarine Hunt
Nearly 5,000 NATO troops would take part in anti-submarine warfare exercises off its coast in early May, amid growing regional unease over suspected submarine sightings, Norwegian military said. Submarines, surface ships and aircraft will operate in the exercise, dubbed "Dynamic Mongoose," from May 4 to 13 in the North Sea and Skagerrak, a strait between Norway, Sweden and Denmark, according to a statement posted on the Norwegian Armed Forces' official website.
Booming VLCC Rates Pull Euronav Up
Euronav delivered its best operating profit in seven years, with a 182 percent improvement, and a USD 80.8 million net profit, thanks to the 15 VLCC supertankers the company acquired from Maersk. Core profit rose 180 percent in the first quarter to $131.3 million. The spot rates for the large crude oil tankers, which increased in the first three months of the year to about USD 50,000 on average per day compared to USD 32,000 in the most recent and final quarter of 2014, also helped the company.
Navy Sale Helps Hornbeck Earnings
Hornbeck Offshore Services completed the sale of three supply vessels to the U.S. Navy, helping boost profits in the first quarter even as low oil prices put pressure on revenues. In February, the Navy agreed to buy three supply boats from Hornbeck with an option to purchase a fourth. The Navy also agreed to contract Hornbeck to operate the boats. Together, the contracts are worth $132 million. For the first quarter Hornbeck Offshore Services reported revenue of $134.6 million.
Hyundai to Build LNG Regasifying Ship for Gazprom
South Korea's Hyundai Heavy Industries has won the Gazprom Flot tender for the construction of the Kaliningrad floating LNG terminal, Gazprom said. It will build a floating liquefied natural gas terminal in the western Russian city of Kaliningrad for $295 million. The following companies participated in the tender: DAEWOO Shipbuilding and Marine Engineering Co., ltd and Samsung Heavy Industries Company, Limited.
XPO to Acquire Norbert Dentressangle
American corporation XPO Logistics, led by multi-millionaire Bradley Jacobs, agreed to acquire French transport services and global logistics solutions provider Norbert Dentressangle, led by multi-millionaire Norbert Dentressangle, for US$3.53 billion including debt, according to Bloomberg. Dentressangle will sell the 67 percent of his family’s ownership in the company for €217.50 (US$240.58) per share. XPO will then start a tender offer for the remaining stake at the same price.
China, Russia to Stage First-Ever Joint Naval Drills
As part of growing informal partnership between the two militaries, the navies of China and Russia plan to hold joint drills in the Mediterranean Sea for the first time in mid-May, China's Defense Ministry stated. The "Joint Sea 2015" exercises will feature nine surface ships, including three from China that are currently taking part in anti-piracy patrols off the coast of Somalia. The ships will meet…
WISTA India's Workshop on Managing Customers
WISTA India proved that they are committed to enhancing skiil of all women in the Maritime Industry . On 17th April they organised a workshop on "Manage your customers" at India's premier Business school SP Jain Institute of Management and Research. “ Managing Difficult Customers “ was such an eye opener on how we, while selling , focus only on pushing down prices , not realizing that in doing so, we are not adding any value to the client or to our business in the long run.
Guided Missile Destroyer John Finn to be Christened
The Navy will christen the newest guided missile destroyer, the future USS John Finn (DDG 113), Saturday, May 2, during a 10 a.m. CDT ceremony at Ingalls Shipbuilding in Pascagoula, Mississippi. The new destroyer honors Lt. John Finn, who received the Medal of Honor for heroism during the first attack by Japanese airplanes at Pearl Harbor. While under heavy machine gun fire, Finn manned a .50-caliber machinegun mounted on an instruction stand in a completely exposed section of the parking ramp.
BSEE Dir. Salerno to Address Offshore Technology Conference
Bureau of Safety and Environmental Enforcement (BSEE) Director Brian Salerno will be traveling to Houston for the 2015 Offshore Technology Center May4-7 at NRG Park. The annual conference is an international gathering showcasing leading‐edge technology for offshore drilling, exploration, production, and environmental protection. Director Salerno will be discussing the bureau’s advancements in reducing risk offshore. 1:00 p.m. 7:30 a.m. 2:00 p.m.
Growth Potential of European Short Sea Shipping Untapped
A coalition of European shipping sector organisations, led by the European Community Association of Ship Brokers and Agents (ECASBA), has called on the European Parliament, Commission and Member States to honour the commitments to support short sea shipping that were made in May last year in the Athens Declaration. ECASBA General Manager Jonathan C. Williams FICS, who coordinated the joint letter,…
ClassNK releases PrimeShip-GREEN/ProSTA
ClassNK released PrimeShip-GREEN/ProSTA, making it the world’s first classification society to develop software which analyzes and calculates a ship’s speed trial results for EEDI calculation in compliance with the latest IMO Guidelines on 1 May 2015. MARPOL AnnexVI states one parameter to calculate EEDI as the ship’s speed in calm sea conditions based on the speed trial results. To eliminate the effects of external factors during sea trial (wind…
Simrad HALO Pulse Compression Radar launched
Navico Commercial Marine Division today launched the Simrad HALO Pulse Compression Radar, the world’s most affordable solid-state, open-array radar system with pulse compression technology for non-SOLAS applications aboard commercial vessels. Combining the advantages of Simrad FMCW Broadband Radar and traditional pulse radar systems, HALO radar detects targets as close as 20 feet (6 metres) – well…
Tropical Cyclone nears Dampier Port
According to the Australian Bureau of Meteorology's update at 0600 hours local time today (30 April), Severe Tropical Cyclone Quang has just reached category 4 intensity.
Gazprom Building up Resource Base
In 2014 Gazprom Group (excluding Gazprom Neft) performed exploratory drilling of above 125,000 m of rocks, constructed 32 prospecting and exploratory (7 and 25 accordingly) wells. Over six thousand linear kilometers of 2D seismic profiles were processed, 3D seismic survey covered in excess of 11 thousand square kilometers. In the Russian Federation, prospecting drilling was performed across an area of more than 112 thousand meters of rocks.
USN Announces 2015 Young Investigators
It's a career-defining moment for 36 college and university faculty April 30, as the Department of the Navy announces the recipients of its 2015 Young Investigator Program, one of the oldest and most selective scientific research advancement programs in the country. Collectively, awardees will receive $18.8 million in grants to fund research across a range of naval-relevant science and technology areas.
ICTSI Subic unit shop Reduces Port Users Time
International Container Terminal Services, Inc.’s (ICTSI) Subic Bay Freeport unit, Subic Bay International Terminal Corp. (SBITC), in partnership with the Subic Bay Metropolitan Authority (SBMA) and the Bureau of Customs (BOC), recently opened a one stop shop (OSS) to fast track documentary transactions in Subic Bay’s container terminals. Cabinet Secretary Rene Almendras led the launching of the OSS…
Cyclone Threat Closes Australian LNG Port
SYDNEY, May 1 (Reuters) - An Australian port used by Chevron for liquefied natural gas exports has been forced to close by a cyclone off the country's west coast.
Feds Indict LA Port Police Chief
The chief of police for the port of Los Angeles was indicted on federal corruption charges involving a program to help citizens report criminal activity at the port, the U.S.
Shipping Industry Faces Ballast Water Dilemma
The Round Table (RT) of International Shipping Organizations (comprising BIMCO, the International Chamber of Shipping, Intercargo and INTERTANKO) said it is concerned…
Meijer Appointed CEO of Huisman
Huisman announced that André Meijer is appointed as CEO, effective August 1, 2015. This appointment follows the decision of Joop Roodenburg to step down as the company’s CEO this year to the CTO position. From his new position as CTO, Roodenburg will remain a member of the board and will now be able to fully focus on technical innovation for the company’s various product groups, Huisman said. Furthermore…