Panama Okays New Canal Toll Structure
Panama’s cabinet council has approved a request by the Panama Canal Authority (ACP) to modify the canal toll structure and implement volume-based discounts for container ships. The new toll schedule will take effect April 1, 2016. New tolls apply to all lanes, including the new third lane, according to the Panama authorities as reported by energy news provider Platts. It modifies the pricing structure…
NZ Ports to Turn Away Cruise Liner
Radio New Zealand says that ports of Auckland is set to turn away one of the world's largest cruise ships after agreeing with its council-owner not to build one of two planned wharf extensions. It said, without the extension, it could not berth the Ovation of the Seas, which means the mega-liner may also drop stops at four other New Zealand ports. The cruise ship industry believes millions of dollars are at risk if extensions to Auckland's Bledisloe Wharf are delayed.
62.9% of Dredging at New Suez Canal Finalized
Up to 157.260 million cubic meters of water-saturated sand have been dredged so far as part of the Suez Canal Development Project, said executive director supervising the dredging process Wagdi Zaki, according to a statement by Egypt State Information Service (SIS). This represents 62.9 percent of a total 250 million cubic meters that should be dredged as part of the project, he added in statements Thursday 30/04/2015. As many as 37 dredgers are working in the project, Zaki noted.
BP Shipping Turns 100
BP Shipping celebrated its 100-year anniversary yesterday, making it the longest continually operating company in the group. Formed on April 30, 1915 as the British Tanker Company, the business has contributed to two world wars, the Great Depression, the closures of the Suez Canal, and the impact of oil nationalisations on the world economy and the movement of oil and gas. It has also played a role…
Dozens Fell Sick on Holland America Cruise Ship
About 60 guests aboard Holland America cruise ship Maasdam reported to the infirmary with the virus about one week into the cruise. The passengers on the MS Maasdam began experiencing gastrointestinal illness while on a 14-day sailing. The affected guests were asked to remain in their cabins until their symptoms disappeared. Sixty of 1,138 passengers on the MS Maasdam and 11 of 578 crew members experienced vomiting and diarrhea during the cruise, the U.S.
Kongsberg Maritime to Equip Yinson Genesis FPSO
Kongsberg Maritime has been selected to supply a complete Electrical, Instrument and Telecom solution, including E- house, for the new Yinson Production (West Africa) Pte Ltd FPSO, ‘Yinson Genesis’. According to the company, the contract is valued at approximately NOK 200 million ($26.2 million) and the FPSO is expected to be operational by 2017. The Yinson Genesis will be deployed to fulfill a 15-year contract (with five yearly extension options) for the chartering…
T&T Salvage Completes OPA 90 Response in the Great Lakes
T&T Salvage was activated under its Salvage and Marine Firefighting Agreement to respond to a 600-foot laker that went aground on the St Mary’s River near DeTour Village, Mich. T&T Salvage’s naval architects and salvage master then developed a comprehensive salvage and lightering plan to ensure the safety of the ship, crew and responders, while protecting the environment. Once the salvage plan was approved by the Coast Guard and with T&T salvage personnel overseeing operations onboard the ship…
Canada to Scale Back Plan for Navy Ships, Go Over Budget
Canadian officials said on Friday a C$26.2 billion ($21.5 billion) program to build 15 naval ships could end up below target and over budget, the latest challenge…
US Navy is Buying the Wrong Ship, Costing Taxpayers Billions
The United States will spend $585 billion on its armed forces in 2015 — the biggest military budget in the world by far. That’s just the Defense Department budget and doesn’t include the tens of billions of dollars that Washington spends on veterans, the purview of the Veterans Administration, or nuclear-weapons development, which falls under the Department of Energy. There’s tremendous pressure in Congress to spend less.
FEIS for Magnolia LNG Project Due in November
The Directors of Liquefied Natural Gas Limited advised that the United States Federal Energy Regulatory Commission (FERC) has issued the Notice of Schedule for Environmental…
ABS Reports ‘Stellar Growth’ in 2014
Classification society American Bureau of Shipping (ABS) hosted its Annual Meeting in New York on April 28, 2015. “2014 was a year of firsts and excellence in performance for ABS,” said Christopher J. Wiernicki, ABS chairman, president and CEO. In 2014, the ABS-classed fleet grew by more than 7 percent year-on-year to 221 million gross tons (gt). ABS captured more than 31 percent of the liquefied natural gas (LNG) carrier orderbook and 23 percent of the very large LPG carriers on order.
Canada Announces Funding for Commercial Fishing Safety
Canada’s Minister of Transport Lisa Raitt, joined by Members of Parliament from Atlantic Canada, announced a new Commercial Fishing Safety component of the Government…
Yangzijiang Shipbuilding in Early Talks on Rongsheng Investment
China's Yangzijiang Shipbuilding Holdings Ltd is considering a possible investment in troubled peer China Huarong Energy Co Ltd , formerly known as China Rongsheng…
US Navy Might Accompany Other Nations' Ships in Strait of Hormuz
The U.S. military signaled on Friday it may allow warships to accompany other nations' vessels through the Strait of Hormuz, after Iran's seizure of a container…
Ports Association Praises Harbor Funding Legislation
The American Association of Port Authorities (AAPA) lauded H.R. 2028, the U.S. House of Representatives’ fiscal 2016 Energy and Water Appropriations bill that passed today, together with two bipartisan amendments included in the bill. Of particular interest to AAPA is the portion of the bill that funds the U.S. Army Corps of Engineers’ navigation program, which manages improvements and maintenance of federal navigation channels at U.S. ports. The first amendment, offered by Rep.
US Weekly Oil Rig Count Decline Slows
The fall in the U.S. oil rig count slowed this week, data showed on Friday, suggesting the collapse in drilling may be coming to an end as prices recover after falling 60 percent from June to March.
US Says China's Activity in South China Sea Won't Help Peace
The U.S. State Department said on Friday that China's activities building on reclaimed land in the South China Sea do not contribute to peace in the region, regardless of how the facilities are used.
Vale Debt Rating Cut On Iron Ore Price Drop
Brazilian mining company Vale SA was downgraded late on Thursday by the Standard & Poor's credit-rating agency over concern that a drop in iron ore prices will erode…
Savannah, Ga. Opposes Offshore Drilling
The city council of Savannah, Georgia on April 30 unanimously approved a resolution opposing offshore seismic testing and oil drilling activities, the Savannah Morning News reported. The city’s opposition comes as the U.S. Bureau of Ocean Energy Management (BOEM) is trying to open the mid and south Atlantic coastal areas to exploration and development of offshore drilling as part of the Obama Administration’s…
Indonesia Pledges Support for Ferry Safety
The Indonesian Minister for Transportation Ignasius Jonan, visited the International Maritime Organization (IMO) April 28, confirming his country’s support for the IMO’s initiative to establish global safety standards for domestic ferries. This follows the adoption in Manila, Philippines, last week of guidelines to address the topic. The minister also told IMO Secretary-General Koji Sekimizu of his country’s plans to expand and modernize its maritime sector…