Russian Submarines in Alaska?
Russia is expected to finish the construction of a submarine base on the Kamchatka Peninsula by the end of October. "Upgrades to the Russian Navy’s ballistic nuclear missile submarine (SSBN) base in the Pacific could be completed by October, Russian Navy chief Adm. Viktor Chirkov said," says USNI News. The improvements to the Russian Navy’s boomer base on the Kamchatka peninsula will include improvements that will allow the operation of the new Project 955 Borei-class submarines.
Japan's MHI Bags Indian Oil's LNG Storage Tank Contract
Indian Oil Corp (IOC) has awarded a contract to build two football stadium-sized liquefied natural gas (LNG) storage tanks at its upcoming Ennore LNG import terminal in Tamil Nadu to Mitsubishi Heavy Industries Pvt Ltd (MHI) of Japan. "We have received an EPC (engineering, procurement and construction) order from Indian Oil to construct two LNG storage tanks. The LNG tanks will be the main facility at the first LNG receiving terminal to be constructed on India's east coast.
GAIL to Offer Sops for Foreign Shipbuilders
GAIL India will offer foreign shipbuilders five years to make liquefied natural gas (LNG) carriers in India, double the time allowed to deliver ships from their home shipyards, reports Economic Times. Report says that the company is insisting foreign shipbuilders to build in India at least a third of the 11 LNG carriers. It also plans to charter carriers from one or more shipping lines. GAIL hopes…
Impact of Financial Crisis on Greek Shipping
Though international analysts like Morgan Stanley said that the Greek crisis will not have a direct impact on shipping companies, Greek shipping companies listed on U.S. stock exchanges sank on Monday. Greeks have said No to austerity terms imposed by international creditors, which could have led to the releasing a package of fresh financial aid which could help in the long battle to keep Greece afloat.
APL’s Schedule Reliability Scales Up
APL was the most reliable carrier with a global on-time performance of 85.5% in May 2015, according to the latest Global Liner Performance Report by SeaIntel Maritime Analysis. The report, which ranks the performance of the top 20 carriers, says that there was a global improvement in container lines’ schedule reliability from April to May 2015. It noted that schedule reliability increased considerably in May to a global performance of 78.3% compared to 72.8% in the previous month.
Gazprom, Gasunie Sign Framework Agreement - LNG
At a Meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Han Fennema, CEO and Chairman of the Executive Board of Gasunie a Framework Agreement on cooperation in the area of small scale LNG was signed by the two parties. The document stipulates the cooperation in the small scale LNG market in Europe, with a focus on joint projects for the construction of LNG receiving terminals, LNG filling stations and other infrastructure facilities.
Haiti’s Port Lafito Officially Opens
GB Group inaugurated their Port Lafito, a world-class modern container port in Haiti. They informed that the port is now open and operational. Port Lafito is Haiti’s first Panamax Port with state of the art equipment and technology. The multi-million dollar project, led by GB Group, is a private, public and international partnership between the Haitian government, the Haitian private sector and international financial institutions including the Haitian State Bank…
NAMEPA Welcomes Hadjipateras of Dorian
Clay Maitland, Founding Chairman of the North American Marine Environment Protection Association (NAMEPA) announced today, “NAMEPA welcomes our newest board member, Marina Hadjipateras, Vice President Corporate Communications with Dorian LPG Ltd. Ms. “Ms. Hadjipateras brings experience in the global maritime industry and increases the breadth of NAMEPA’s board which takes us forward as we plan for a sustainable future.
De Nora Acquires Severn Trent's Water Purification Business
De Nora announces the completion of the acquisition of the Water Purification group of Severn Trent Services. The new business line, called De Nora Water Technologies, will be focused on delivering sustainable and innovative water and wastewater technologies for municipal, marine and energy related water treatment applications. De Nora Water Technologies, together with Ozono Elettronica Internazionale…
Bunker Holding Buys LQM
Bunker Holding Group (Bunker Holding), a global leader in the purchase, sale and supply of marine fuel with 54 offices in 27 countries, announced today the acquisition of LQM Petroleum Services Inc. (LQM). LQM is one of the largest international marine fuel oil brokers who handles approximately 10 million mts per year across ~250 customers worldwide. The Company has a strong presence in the United States with offices in New Jersey…
Diana Agrees Charter for M/V Coronis
Diana Shipping Inc. announced today that through a separate wholly-owned subsidiary, it entered into a time charter contract with Sandgate Maritime Ltd for one of its Panamax dry bulk vessels, the m/v Coronis. The gross charter rate is US$6,500 per day, minus a 5% commission paid to third parties, for a period of minimum nine (9) months to maximum twelve (12) months. The charter commenced on July 3, 2015. The “Coronis” is a 74,381 dwt Panamax dry bulk vessel built in 2006.
Mohawk Changes Command
Coast Guard Cmdr. Craig J. Wieschhorster took command of the medium-endurance Cutter Mohawk during a ceremony Thursday at Coast Guard Sector Key West. Coast Guard Atlantic Area chief of staff, Capt. Doug Fears presided over the change of command ceremony as Wieschhorster relieved Cmdr. Adam B. Morrison of the duties and responsibilities as 14th commanding officer of the Cutter Mohawk. “Although I leave the Cutter Mohawk with a heavy heart,” said Morrison, “I have trust in Cmdr.
Release After Seizure - Fincantieri Shipyard
Fincantieri announced today that the Prosecutor's Office of Gorizia has ordered the release of the areas in Monfalcone shipyard subject to seizure on 29 June. The working activities for all the workers involved in the production cycle of the Monfalcone shipyard will resume as of tomorrow. Fincantieri thanks the Government, the institutions and all those who in recent days have spoken out in favour of the protection of the company and the right to work…