AEP to Sell AEP River Ops To ACL
American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL), owned by Platinum Equity, for approximately $550 million. AEP River Operations is a commercial inland barge company delivering about 45 million tons of products annually, including 10 million tons of coal. AEP River Operations has 56 towboats, 2,301 barges and 1,090 employees.
Port of LA: 10 Years of Clean Air Gains
Findings from its 10th consecutive year of tracking air pollution show the Port of Los Angeles has set new records for cutting harmful emissions from port-related sources…
Islamic State Militants Attack Forces Guarding Libya Oil Port - official
Islamic State militants attacked forces guarding one of Libya's main oil ports on Thursday with a gun assault and an attempted car bomb in an escalation of their campaign in the North African state…
Matson Closes $75mln Debt Private Placement
Matson, Inc., a U.S. carrier in the Pacific, announced today the issuance of $75 million in 30-year final maturity senior unsecured notes pursuant to a previously…
Tuco Debuts New Dive and ROV Support Boats
Denmark’s Tuco Marine has revealed its new dive support and ROV Support boat designs. The two new vessels complement the designer’s range of ProZero workboats and daughter crafts and are dedicated the dive and ROV markets. The boats are optimized to be working platforms for underwater work, and work performed on the surface in support of divers and ROVs, Tuco said. These operations include underwater inspection…
SSI to Present Welding & 3D Model Papers at ICCAS
"Intuitive Weld Management" and "Innovative methods for leveraging a 3D model" are two of the white papers that representatives from CAD/CAM developer SSI will present…
Smart Box Ship Features Built-in Container Tracking
CMA CGM Bougainville is billed as the first containership in the world to be equipped with TRAXENS technology, which transforms containers into smart, connected objects. Newly built CMA CGM Bougainville, the 18,000 teu flagship of French container shipping company the CMA CGM Group, has become the first ship in the world using TRAXENS technology, which essentially transforms standard containers into smart, connected objects.
SubM Debut Now Set for February 2016
The perennial “Year of Subchapter M” has been kicked forward again, this time to February 2016. That means that the clock is now ticking loudly for those towing operations that have yet to climb onboard the safety train. Quality operators see standardized safety practices as a way of leveling the playing field, integral to maintaining the health and profitability of their fleets, and key to winning business from quality customers. Subchapter M will be a phased-in over a period of years.
Singapore Offers Funding to Build LNG Vessels
The Port of Singapore, regarded as a leading bunkering hub, is poised to expand its offering of marine fuel solutions to include LNG. In line with these efforts, the Maritime and Port Authority of Singapore (MPA) has taken another step toward the planned 2017 launch of the LNG Bunkering Pilot Program (LBPP) which aims to establish Singapore as a key LNG bunkering hub in Asia. The Port of Singapore is inviting interested companies to tap on a S$12 million fund…
New Risks Moving Crude Oil by Rail
The rapidly changing landscape of crude oil exploration and drilling in the US and Canada, together with economic considerations, logistical issues related to pipeline transport, and the availability of new types of crude oils, including Bakken crude and various forms of bitumen, have resulted in a very sudden and dramatic increase in the transport of crude oil by railroad. “Unit trains” containing…
Willard to Build 3 Survey Ships for NOAA
Willard Marine informs it was awarded a contract to provide the National Oceanic and Atmospheric Administration (NOAA) with three aluminum hydrographic survey launch ships (HSLs). The three 28-foot HSLs will be used to conduct oceanographic surveys with hull-mounted and towed sonar units in U.S. coastal waters. A Cummins QSC8.3 engine capable of 510 HP with a ZF Marine 305-2 transmission will be used to power the boats.
Ship Operating Costs Down in 2014 -Moore Stephens
Total annual operating costs in the shipping industry fell by an average of 0.8 percent in 2014, said international accountant and shipping consultant Moore Stephens. This compares with the 0.3 percent average fall in costs recorded for 2013. All categories of expenditure were down on those for the previous 12-month period, confirming that ship owners and operators continued to manage costs sensibly and to watch their cash carefully in 2014.
Construction Begins on Matson’s Aloha Class
Matson, Inc., a U.S. carrier in the Pacific, announced that production has begun on its two new Aloha Class containerships following a steel cutting ceremony at Aker Philadelphia Shipyard Inc. (APSI) in Pennsylvania. Matson subsidiary Matson Navigation Company, Inc. ordered the ships from APSI in 2013 for an aggregate price of $418 million, following on the delivery of four newly-built Jones Act containerships for Matson between 2003 and 2006.
CG Sets Port Condition Whiskey in Preparation for Hurricane Joaquin
The Coast Guard set Port Condition Whiskey Wednesday for all navigable waters in the North Carolina Captain of the Port Zone in preparation for the anticipated weather impact of Hurricane Joaquin.
DNV GL Publishes New Classification Rule Set
DNV GL's new rules for classification of ships become publicly available online today following a development and review process involving 250 internal experts and more than 800 customers and maritime stakeholders. The result of the combined experience and expertise of two classification societies, the new rules are modern, easy to work with, industry-driven, efficient and ready for the future, DNV GL said. “This is an historic moment,” said Remi Eriksen, DNV GL Group President and CEO.
Gondon Shipyard Expansion Underway
Gondan Shipyard announced it has completed a new stage of improvement and expansion at its facilities in Figueras, Barres and Castropol as part of an investment initiative aiming to bolster its competitiveness in the market by increasing production capacity and reducing construction times. The shipyard said it completed the enlargement of the blocks prefabrication and steel works workshop at its Figueras facilities by 25 percent and 15 percent, respectively.
Radio Holland Revamps Cruise Ship Bridge
Holland America Line’s cruise ship MS Noordam recently underwent a 10-day dry-dock period, during which it was fit with a customized bridge from Radio Holland. The work on Netherlands-flagged MS Noordam included refitting the navigation and bridge systems to improve working conditions in line with HAL’s Bridge Resource Management concept. Radio Holland, a supplier, installer and maintainer of maritime electronics…
Ulstein Systems Ordered for New Rock Installers
Ulstein Power & Control announced it has been contracted by Chinese shipbuilder AVIC Weihai Shipyard Co. Ltd. to deliver power and control for two subsea rock installation vessels for offshore dredging and construction specialist Jan De Nul Group. According to Ulstein Power & Control, the scope of its delivery includes the power package consisting of generators, switchboards, motor control center, thruster frequency converters and motors…
Yemeni Govt, Saudi-led Forces Retake Red Sea Strait
Loyalist Yemeni troops and Gulf Arab forces have seized the Mandab Strait connecting the Red Sea and the Gulf of Aden from Houthi fighters, reasserting control over the strategic sea lane…
Rand Takes Delivery of Newest Self-Unloader
Bulk freight shipper Rand Logistics, Inc. has taken delivery of its newest Canadian self-unloading vessel, increasing its fleet to 16 ships, including 10 Canadian flagged and six U.S. flagged vessels.