Green Signal to New Access Channel to Port Said East
The construction of a wide access channel to Port Said East, as the side channel project, has officially received approval. The head of the Suez Canal Authority (SCA), vice admiral Mohab Mamish, has approved the construction of a new access channel to Port Said East which will which will permit uninterrupted vessel traffic to visit Suez Canal Container Terminal (SCCT) round the clock. Egypt plans to complete the side channel…
Wärtsilä Strengthens Its Position in China with New Propulsion Orders
Two new marine geological research vessels under construction in China will feature a broad scope of Wärtsilä engines and propulsion equipment. Wärtsilä has maintained a leading position in China for supplying propulsion solutions to research vessels. Since 2011, more than 70% of the research vessels built in Chinese yards have been fitted with Wärtsilä products. These latest contracts were placed with Wärtsilä in September.
CMA CGM Seeking Funds for NOL Takeover
France’s CMA CGM has approached banks to finance its potential takeover bid for Singapore’s Neptune Orient Lines Ltd (NOL), reports Bloomberg. The world’s No. 3 container shipping company is in talks with banks including BNP Paribas SA, HSBC Holdings Plc and JPMorgan Chase & Co. for loans to back an offer for NOL. CMA CGM is the third largest container company in the world and has 8.8 per cent of market share according to container analyst Alphaliner.
Frontline 2012, Frontline Merger Completed
Frontline 2012 Ltd. has completed its previously announced merger with Frontline Ltd. , with Frontline as the surviving legal entity and Frontline 2012 becoming a wholly-owned subsidiary of Frontline. The merger was consummated after close of trading on the Oslo Stock Exchange and close of the NOTC on November 30, 2015. Trading in the new shares of Frontline issued as merger consideration to former…
BSEE Participates in Circumpolar Gap Analysis Workgroup
Bureau of Safety and Environmental Enforcement staff from the Oil Spill Preparedness Division attended an international workshop last month that focused on how Arctic meteorological and oceanographic conditions can affect traditional oil spill response strategies. The Arctic Council's Emergency Prevention, Preparedness, and Response working group approved a project in late 2014 to study the effects of environmental factors such as wind…
USN Issues Full Funding for LCS "Cooperstown"
As part of the Littoral Combat Ship (LCS), the US Navy has awarded to the consortium which includes Fincantieri, through its subsidiary Fincantieri Marinette Marine (FMM), and Lockheed Martin Corporation, the amount of $ 279 million related the completion of the construction of "Cooperstown" (LCS 23). A significant portion of this amount will be attributable to Fincantieri. The financing of the US Congress keeps unchanged the cost and schedule of the ship.
GOST Debuts New Technology at Workboat
GOST (Global Ocean Security Technologies), celebrating its 10th year as a world leader in marine security, tracking, monitoring and video surveillance systems, announced today that it will highlight its newest commercial marine products at the 2015 International WorkBoat Show in New Orleans, Louisiana, December 1 through 3rd. GOST will be located in booth 1556. Offering cutting edge security and monitoring solutions for commercial vessels…
Barge-Rail Service on Upper Columbia, Snake Rivers
Container barge service is back on the upper Columbia and Snake rivers.The Up river Container Barge-Rail Shuttle will help importers and exporters in eastern Washington, Oregon and Idaho move containerized agricultural products to markets in Asia. An informal partnership including Northwest Container Service, Tidewater Barge and the ports of Morrow, Lewiston and Portland helped facilitate the return of this service.
MacArtney, Moog Focal in Expansion Mode
Moog Focal Technologies Corporation and the MacArtney Group have agreed to intensify their multi-service partnership aiming at expanding their long-term business cooperation in favour of their extensive customer portfolio. MacArtney has accepted responsibility for the in-field sales and after-sales support of Focal products in the commercial marine markets of the north-west region of North America via its office located in Victoria, BC in Canada.
Three Specialists join Wood Group
Wood Group has appointed three senior engineering specialists who will lead a new team of up to 20 people in the UK to further build Wood Group’s capability in vibration, dynamics and noise. This follows the acquisition of BETA Machinery Analysis, a Calgary-based engineering consultancy specializing in advanced vibration analysis, and will include the opening of a Southampton office in January 2016.
DNV GL Approval for DSIC's LNG-fuelled VLCC Design
DNV GL has presented Dalian Shipbuilding Industry Company Limited (DSIC) with an Approval in Principle (AiP) certificate for a new LNG-fuelled very large crude carrier (VLCC) design at the first day of the Marintec China trade fair. The new, innovative design has been found to comply with the Gas Fuelled notation as given in the DNV GL rules for the classification of ships and the recently adopted IGF Code.
Shipping Industry Supports Global Climate Change Deal
The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change. The shipping industry is committed to ambitious CO2 emissions reduction across the entire world merchant fleet. This will best be guaranteed if further regulation continues to be led by the UN International Maritime Organization (IMO).
Maersk Venturer to Drill for Total
Maersk Drilling has been awarded a contract for the drillship Maersk Venturer with oil major Total. The contract covers one exploration well (estimated duration 120 days) in block 14 offshore Uruguay. The estimated contract value for the programme is USD 44m excluding mobilisation. The drilling programme is expected to commence in March 2016. “We have collaborated and partnered with Total many times over the years.
New Methanol Projects to Change Chemical Shipping Patterns
New US and Middle East methanol production capacity being added over the next two years will have serious implications for chemical shipping trade flow patterns, according to the latest edition of the Chemical Forecaster, published by global shipping consultancy Drewry. Methanol is one of the top five seaborne chemical commodities accounting for 35 percent of the world seaborne chemical and vegoil trade in 2014.
Azipod Retrofit for Mega-crane Vessel
Power and automation technology group ABB will supply the entire electric system to provide power throughout the vessel and five Azipod propulsion units for the 175-meter long Chinese mega-crane vessel, Hua Tian Long. It has a gross tonnage of approximately 42,500 and is one of the largest salvage vessels in Asia. The new retractable Azipod units, installed on a vessel for the first time, will bring a range of additional benefits…
Norway's Offshore Shipping Sector Faces Bleak Year
Norwegian companies that provide supply ships and drilling rigs to the global oil industry face a bleak year ahead as contracts disappear and financing options dwindle…
Damen Crane Barge and Anti-Pollution Barge Delivered
Damen Shipyards Sharjah has delivered two barges, a Crane Barge 4920 and an Anti-Pollution Barge 2405, to BINCO, a contractor in the Middle East with over 30 years…
Barge Master Launches Fit-for-Purpose Gangway
Press release - Barge Master has announced the official launch of a motion compensated gangway after building a track record in motion compensated lifting. ‘The overall offshore logistics consists of safe and efficient transfer of cargo and people. While we are already known for our motion compensated lifting, customers asked us to deliver the complete package: one supplier for both cargo and people transfer’, says Martijn Koppert, CEO of Barge Master.
France-Corsica Ferry Operator SNCM's Takeover Gets EU Clearance
The European Commission has approved the takeover of troubled France-Corsica ferry operator SNCM by Corsican entrepreneur Patrick Rocca, according to a letter seen by Reuters on Tuesday.
ICS Backs Climate Change Deal
Press release - The global shipping industry, represented at the United Nations Conference in Paris by the International Chamber of Shipping (ICS), fully supports a global deal on climate change. The shipping industry is committed to ambitious CO2 emissions reduction across the entire world merchant fleet. This will best be guaranteed if further regulation continues to be led by the UN International Maritime Organization (IMO).