Master Port Risk Program Launched by Fidelis Group
Fidelis Group Holdings, LLC Launches Master Port Risk Program For The Maritime Industry. Fidelis Group Holdings, LLC (FGH) with its subsidiary company Continental Underwriters, Ltd. (CUL), a National Marine Insurance coverage and service leader, announced today the launch of its new Master Port Risk Program. H. Elder Brown, Jr., President and Chief Executive Officer of FGH commented, "We are consistently…
Evensen Rejoins Teekay Tankers Board
Teekay Tankers Ltd. announced that Peter Evensen, Teekay Corporation’s president and chief executive officer, has rejoined Teekay Tankers’ board of directors. Evensen…
USCG Rescues 4 from Sunken Vessel
A U.S. Coast Guard (USCG) helicopter crew rescued four sports fishermen from a platform after their vessel sank about 41 miles east of Venice, La., Tuesday. Watchstanders at the 8th Coast Guard District received a call from one of the sports fishermen stating their vessel sank and they were on a platform. The watchstanders directed the launch of two Coast Guard Air Station New Orleans MH-65 Dolphin helicopter crews.
Tunisia Rescues 350 Migrants Heading to Italy from Libya
Tunisia's navy rescued more than 350 illegal migrants off its coast and was searching for hundreds more on Wednesday after they tried to sail from neighbouring Libya…
Poor Communication behind Houston Ship Collision
The National Transportation Safety Board (NTSB) determined that the Miss Susan, a shallow draft towing vessel with two barges, and the Summer Wind, a deep draft bulk carrier, collided on March 22, 2014, because the towing vessel crossed the Houston Ship Channel, impeding the passage of the bulk carrier that was transiting inbound, which could only transit within the channel. The collision resulted in the release of 168…
Plenty of Phish in the Sea
Advancement in broadband technologies and the move toward ‘Big Data’ will leave the maritime industry vulnerable to cyber-crime unless it develops a better awareness of ICT security and adopts security best practice, warns ESC Global Security’s head of cyber security division, Joseph Carson. “There is the potential for a major cyber attack on the maritime industry to significantly disrupt food and energy supplies given that shipping transports 90 percent of the world’s global trade.
Weathernews Center Opens in Copenhagen
Weathernews Inc. announced that it has established a new Voyage Planning Service operations center in Denmark. Along with reinforcing the service team for European customers adopting Optimum Ship Routeing (OSR) service that supports voyages by appropriately matching the business objectives of each voyage, the new outpost in Copenhagen aims to improve the satisfaction of existing customers through close communication.
Enerpac Lifting Accuracy Enables Pioneering Spirit Fast Lift
Enerpac informs it has supplied the high pressure, hydraulic cylinder technology for the topsides lift system beams aboard Allseas’ massive platform installation/decommissioning and pipelay vessel, Pioneering Spirit. The cylinders are an integral part of the vessel’s lift system, enabling the installation and decommissioning of complete topsides weighing up to 48,000 metric tons, Enerpac explained.
Taking Inland Waterways To the Mainstream
It takes nonstop work to maintain America’s position in today’s global economy. Every day we compete against strong international rivals for demanding foreign and domestic customers. Thankfully, the American economy has a large-scale, crucial asset that gives us an edge on the rest of the world: over 28,000 miles of inland river and coastal waterways with consistent navigation at suitable depths (9 feet during 9 months of the year) – more any other nation on earth.
Barging Ahead in Uncharted Waters
A Real-Life Study in Creative Vessel Financing, or What Happens When Plan ‘A’ Is Not Working. Much has been written on the various structures and approaches that can be used to finance the construction and purchase of vessels. Such articles typically speak in general terms, presenting what might be called the textbook version of the approach under consideration. But what happens when reality rears its ugly head…
Stevens to Study Shipping Containers’ Invasive Species
Stevens Institute of Technology researchers have received a $2-million contract from the Department of Homeland Security (DHS) Science and Technology Directorate (S&T) to improve detection of threats coming into the U.S. through container shipments. Shipments of containers to the U.S. that contain goods, including rice and other grains can be infested with foreign pests and invasive species, which may pose a serious threat to the U.S. economy.
Cairn India Seeks to Export Oil Despite Ban
Cairn India Ltd has invited initial bids for exports of its oil from the desert state of Rajasthan, according to a copy of the tender notice seen by Reuters, despite…
Caterpillar Increases Dividend Rate 10%
The board of directors of Caterpillar Inc. voted to increase the quarterly cash dividend by 10 percent to $0.77 per share of common stock, payable August 20, 2015…
Envitia to Deliver First Phase of DSG Program
ENVITIA has been awarded a contract by Hewlett Packard Enterprise Services UK to deliver, in partnership, the first phase of the Defence Geospatial Services (DGS) program to the UK Ministry of Defence. DGS will provide a step change to the Situational Awareness capability in Defence allowing them to react to crises worldwide in a more effective and efficient manner. Under the contract, ENVITIA and…
Biggest Shear-Leg Floating Crane in Operation
On April 21, Hyundai-10000, Hyundai Heavy Industries (HHI)’s newest floating crane, succeeded to the throne of “symbol of HHI” from the two 1,600-ton gantry cranes at its offshore yard by lifting a topside module of Moho Nord tension leg platform (TLP) at once. What makes Hyundai-10000 a successor to the 1,600-ton Goliath cranes is not just because it is new but because it has an unparalleled lifting capacity at one of the world’s biggest offshore yards.
Dive Operator Sentenced after Propeller Death
A New Zealand dive operator and skipper have been sentenced for the February 2014 death of a diver struck by a propeller while on a trip to the Poor Knights Islands, Maritime New Zealand announced.
Oman Drydock Appoints Deputy CEO
Oman Drydock Company (ODC) informs it has appointed one of Oman’s most experienced maritime professionals as deputy CEO to help support and grow its expanding operations. Taking up the role of deputy CEO, Dr. Ahmed Al Abri, draws on 17 years experience working as a naval architect overseeing major projects in shipyards around the world in the U.K., Holland, Romania and Singapore. “When I first went to study naval architecture at Southampton University in the U.K.…
Harris Pye Engineering, Grand Bahama Shipyard Partner
Harris Pye Engineering has announced the recent alliance with Grand Bahama Shipyard Ltd. The two companies met in Miami at the Cruise Shipping Exhibition and discussed…
Odfjell Board Announces New CEO’s Start Date
Kristian Verner Mørch will take up his new position as president and CEO of Odfjell SE from August 1, 2015, the company’s board of directors announced. His appointment was announced in May 2015. Mørch, a member of the board of Odfjell SE since May 2014, will step down as board director of the company from the same date. Mørch is Danish citizen with more than 27 years' experience in the shipping industry…
DSME Launches LNG Carrier for Teekay
Teekay’s first M-type, Electronically Controlled, Gas Injection (MEGI)-powered LNG vessel, Creole Spirit, was floated out at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in South Korea on May 29. The vessel is on charter contract with Cheniere and is expected to enter service early 2016, making it the most efficient LNG ship on the water with the lowest unit freight cost in the world fleet.