Klein Systems Now Saab Technologies
As of June 26, 2015, Klein Systems Group Ltd. has changed its name to Saab Technologies Ltd. Klein Systems has been a wholly owned subsidiary of Saab AB since 2012. Saab is a $3.5 billion company serving the global market with world-leading products, services and solutions from military defense to civil security. Being part of the Saab organization has given Klein access to Saab’s financial strength and international resources.
Twin Disc Elects Knutson CFO, Treasurer
The board of directors of Twin Disc, Inc. has elected Jeffrey S. Knutson to the position of chief financial officer and treasurer effective June 22, 2015 in addition…
Barge Captain Gets Prison Time for Fatal Explosion
An Illinois man who was captain of a petroleum barge that exploded in a Chicago canal in 2005, killing a crew member, was sentenced to six months in prison on Friday, prosecutors said.
Maersk Oil Targets North Sea Lead
Maersk Oil says there is still huge potential value in the North Sea, citing projects like Culzean – which received board approval this month – and Johan Sverdrup, as the Danish oil and gas company aims to improve from its current rank of ninth to become a top-five producer in the region. Maersk Oil informs it is looking for new long-term growth opportunities in the North Sea, investing heavily in projects and improving the efficiency of operations.
Maritime Ireland Comes of Age
Even though the struggle for independence from Britain finally resulted in Ireland being declared “a sovereign, independent, democratic state” in 1937 there was little interest being shown in the maritime affairs of the country. This, despite Ireland being seen as having opportunities to derive added value from its vast marine resources. Up until a few years ago, sporadic endeavors failed to achieve optimum economic benefits.
Imperial Oil Defers Drilling in Canada's Beaufort Sea
Imperial Oil Ltd said on Friday it is deferring plans to drill an exploratory well in the Beaufort Sea in Canada's Arctic as it seeks an extension to the length…
UK Seeks Maritime Dominance of Yore
“Britannia rules the waves” paid a glowing tribute to the maritime past of the United Kingdom. Over the past three centuries as the sun began to set on the British power, resilient U.K. with its pioneering characteristics began its voyage of transformation to become a world-class maritime services center, with one of the largest clusters of marine insurance, ship finance, law, classification societies, ship broking, education and consultancy organizations.
A chat with John Murray, Chief Executive, Society of Maritime Industries
The Society of Maritime Industries is the voice of the U.K. maritime engineering sector, and its Chief Executive John Murray is the very public and indelible face of the organization. SMI promotes and supports the interests of organizations with activities and interests in this sector both to its membership and the wider world. In total it is a trade association of more than 150 organizations across the maritime…
Offshore Renewables: The Future is Now
While the recent swoon in world oil and gas prices has predictably cooled a number of offshore renewable projects, there is a palpable change regarding the way in which the world views renewable energy. Renewable energy projects, at one time merely serving as window dressing, are slowly weaving their way into the mainstream energy mix, with European countries, namely the U.K., leading the way. In November world leaders will arrive in Paris to negotiate a new global agreement on climate change…
More than Mega: Diversity Defines the Dredging Industry
The mantra of recent times has been the worldwide trend to ‘mega’. Mega container ships created the need for mega ports which required mega dredging projects. These in turn demand mega dredging vessels. All this is true but disregards another development: the consolidation of the major dredging contractors into larger companies with long-term strategies that have resulted in diversification. Today’s major dredging contractors do more than dredge.
'Corporate Ocean Responsibility'
Recently in its New York City office Maritime Reporter sat with Paul Holthus, CEO of the World Ocean Council, for a discussion of the trend toward corporate ocean responsibility and his organization’s contribution to that end. Can you tell us a bit about your meeting at the United Nations? The U.N. has an annual briefing for governments on ocean issues that has been going for 16 years, but industry hasn’t usually been well represented.
New Marine Pollution Instrument
The Nairobi International Convention on the Removal of Wrecks, which entered into force internationally in April this year, provides another tool in the armory of global treaties adopted by the International Maritime Organization (IMO) which are intended to help prevent pollution from ships and minimize any damage caused. IMO’s Jan De Boer gave a presentation on the “Nairobi Wreck Removal Convention…
MOL Inaugurates Ikeda as President
Mitsui O.S.K. Lines, Ltd. (MOL) inaugurated Junichiro Ikeda as its new president on June 23, 2015. “The world economy continues to expand, and demand for ocean transport is growing steadily.
US Backs Study into Panama Canal LNG Terminal
The U.S. Trade and Development Agency informs it has awarded a grant to the Panama Canal Authority (ACP) to support the planning of a liquefied natural gas (LNG) import terminal.
Global LNG Prices Hold, Supported by Middle East Demand
Asian liquefied natural gas (LNG) spot prices for August delivery were firm on Friday, underpinned by steady demand from the Middle East and the potential for stronger…
Greece's Creditor Propose to Target Shipping Sector
Greece's shipping sector faces paying a higher tonnage tax, and a phase-out of the special tax allowances it has enjoyed, under the latest proposals presented by the country's creditors…
UASC Exempted from Controlled Carrier Rules
The U.S. Federal Maritime Commission (FMC) voted unanimously to grant the Qatar-controlled United Arab Shipping Co. (UASC) exemption from its controlled carrier list which aims to stop price fixing among state-owned shipping companies. UASC will remain subject to all other applicable provisions of the Shipping Act and regulations. “United Arab Shipping Company (UASC) is an industry leader and a pioneer of sorts in international shipping,” FMC Commissioner William P. Doyle said in a statement.
MarineNav Debuts Rack Mount Computers Range
MarineNav has launched a new range of rack mounted computers, available now in Europe through distributor Eurotask. The X1 Standard and X1 Fanless rack mounted computers are designed for use in commercial vessels, workboats, superyachts and specialist hydrographic and research vessels. MarineNav said its rack mounted computers use commercial processors, unlike many other marine computers which use mobile variants, increasing speed and reliability.
Captain John Foley – Obituary
Family, friends and colleagues of Capt. John Foley, Master Mariner and Great Barrier Reef “Grand Pilot” gathered together at St. Augustine’s Church, Hamilton, Brisbane on June 26, 2015 to farewell John and commemorate his life. For a man who achieved so much in his lifetime, Captain John Foley was remarkable for one thing above all - his modesty. Well spoken, polite and scholarly, Captain Foley was a fountain of knowledge on his favorite place…
World-Link, Inmarsat Sign Communications Deal
Inmarsat, a provider of global mobile satellite communications services, has signed an agreement with World-Link Communications, Inc., appointing the satellite services…