Shipbuilder HII Declares Quarterly Dividend
U.S. shipbuilder Huntington Ingalls Industries (HII) announced today that its board of directors has declared a quarterly cash dividend of $0.40 per share, payable on June 12, 2015, to shareholders of record as of the close of business on May 29, 2015.
US Navy Ships Arrive in Busan
U.S. Navy sailors from the Arleigh Burke-class guided-missile destroyers USS Preble (DDG 88) and USS Fitzgerald (DDG 62) along with the Los Angeles-class fast-attack…
Baltic Index Down on Lower Rates for Panamax, Smaller Vessels
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday, pulled down by a fall in rates for panamax and smaller vessels.
Vessel Draft Restrictions Lifted at Oregon Inlet, NC
The U.S. Coast Guard (USCG) informed it has lifted restrictions and enforcement of the regulated navigation area Thursday at Oregon Inlet between Bodie and Pea Islands.
Onomichi Marine Tech Center to Be Established
Eco Marine Power (EMP) in cooperation with its strategic partner, Teramoto Iron Works Co. Ltd., have agreed to establish a development and test facility in Onomichi, Hiroshima, focused on marine technologies for the shipping and offshore industries. The new facility, to be known as the Onomichi Marine-Tech Test Center or Onomichi MTTC, will be co-located at the Teramoto Iron Works Chojahara Workshop.
ACR Electronics Acquires Ocean Signal
ACR Electronics, Inc., a Drew Marine company, announced its acquisition of Ocean Signal, Ltd. “Ocean Signal has pioneered a number of innovations in marine safety,” said Gerry Angeli, President of ACR Electronics. “Their ability to create a strong brand in a short period of time is a testament to their product design, quality and understanding of the market. The combination of the ACR and Ocean Signal brands bolster the product lines for the marine marketplace.
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…
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…
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.
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.
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…
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.
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.
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.
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…
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…
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,…
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.
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.
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.