Port Canaveral Names Shipping Exec as New CEO
Canaveral Port Authority Commissioners today unanimously selected shipping line executive Capt. John W. Murray as the next chief executive officer of Port Canaveral.
US Oil Rig Count Lowest Since 2010
The U.S. oil rig count this week dropped to the lowest level in over five years as energy firms stepped up the rate of idling rigs after one of the worst years in almost 30 years for drilling…
New Tug Delivered for Italtugs
The delivery of tug Civitavecchia to the Italian tugboat operator Italtugs for its operation at a Sicilian oil terminal represents another milestone in the tchnical cooperation between Sanmar Shipyards in Turkey and the Canadian naval architects, Robert Allan Limited. Combining Sanmar’s experience as an international tugboat operator with RAL’s design expertise has resulted in some 150 vessels being built at either of the former’s custom-built shipyards.
Mississippi River Seen Cresting in Tennessee, Arkansas this Weekend
The Mississippi River, a major artery for U.S. commercial barge traffic, was expected to crest in Tennessee on Friday and Arkansas over the weekend as it pushed south toward the Gulf of Mexico…
Retail Imports Wind Down After End of Holiday Season
With the holiday season over, import cargo volume at major U.S. retail container ports is expected to slowly decline through the first quarter of the year, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “This is the time of year when the retail supply chain catches its breath before the next big rush begins,” NRF Vice President for Supply Chain and Customs Policy Jonathan Gold said.
Ailing Fisherman Medevaced off Oregon
An ailing fisherman was medevaced by U.S. Coast Guard aircrews Thursday roughly nine miles west of Winchester Bay, Oregon. The man, reportedly suffering from a seizure, was hoisted from fishing vessel Hecate by an MH-65 Dolphin helicopter crew from Coast Guard Air Station North Bend at about 11 a.m. and was transferred to waiting EMS at Southwest Oregon Regional Airport in stable condition. Watchstanders at Sector North Bend were notified of the man’s condition at about 1 a.m.…
Intelsat Announces Preferred Stock Dividend
Satellite services provider Intelsat S. A. announced a quarterly cash dividend of $0.71875 per share, to be paid to holders of its 5.75 percent Series A Mandatory…
Lakes/Seaway Iron Ore Trade Dips 8.5% in 2015
Iron ore shipments on the Great Lakes and St. Lawrence Seaway totaled 54.4 million tons in 2015, a decrease of 8.5 percent compared to 2014, reported the Lake Carriers’ Association (LCA)…
China Concerns Drive Baltic Index to Another Low
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, continued its run of record lows on Friday, haunted by reduced China imports.
Burgess Marine Partners with Mechanica Utilities
Burgess Marine has partnered with Kent-based Mechanica Utilities to maximize the use of its Dover footprint and share the company’s workshop and fabrication facilities, nationally, across all nine of its U.K. locations. Mechanica Utilities is a mechanical and electrical repair company which specializes in site work and workshop repairs on all mechanical and electrical equipment, mainly within the water utility market.
Asia-Europe Box Rates Down Sharply
Rates for shipping containers from ports in Asia to Northern Europe fell by 24.4 percent to $932 per 20-foot container (TEU) in the week to Friday, a London-based container derivative trader with access to data from Shanghai Shipping Exchange told Reuters. The spot freight rates for transporting containers, carrying anything from flat-screen TVs to sportswear from Asia to Northern Europe, has been on loss making levels several times during 2015. No relief for shipping companies is seen in 2016.
CSN Receives 10 Offers for Brazil Box Terminal
Brazilian steelmaker Cia Siderúrgica Nacional has received 10 offers for its Sepetiba Tecon container terminal in Rio de Janeiro's Itaguai port, newspaper Valor Economico reported on Friday.
Kårstø Gas Leak Stopped
The gas leak occurring at the Kårstø processing plant Thursday night has now been stopped. The situation is returning to normal and external resources from the emergency services have been demobilised. It is too early to say anything about the cause of the incident, which will be investigated. The leak occurred on the Statpipe section leading into the plant. Both Statpipe production trains have been stopped. The incident did not lead to any physical injuries.
MarineTraffic Boards Equasis
MarineTraffic, the world’s most trusted AIS vessel tracking service has started supplying geographical positioning data to the Equasis project, a European Commission initiative started in 2000 to make ship safety information more widely available. The Equasis project makes information including a vessel’s age, ownership, management, flag, classification society, P&I club and recent geographical positions available via an online database that is freely accessible worldwide to registered users.
Statoil Inks Subsea pacts with Duo
Statoil Petroleum AS has signed Master Service Agreements with Aker Solutions ASA and OneSubsea Processing AS. The agreements signed form the basis for potential new EPC contracts (engineering, procurement and construction) for subsea equipment in the medium term future. An EPC option agreement for subsea production system (SPS) has also been signed with OneSubsea, including framework agreements for subsea operations services and subsea add-ons.
Navig8 Product Tankers Adds Two Newbuilds
Navig8 Product Tankers Inc today took delivery of one LR2 115k-dwt product tanker m.t. "NAVIG8 STABILITY" from Sungdong Shipbuilding & Marine Engineering Co, Ltd. The Company has also today taken delivery of one LR1 74k-dwt product tanker m.t. "NAVIG8 EXCELSIOR" from STX Offshore & Shipbuilding Co. Ltd. NAVIG8 STABILITY and NAVIG8 EXCELSIOR will enter and be operated in Navig8's ALPHA8 and LR8 pools respectively.
TGS Revenue Plunges
Seismic player TGS saw its revenue severely dented by weak market conditions in the fourth quarter and expects its multi-client survey investments to be more than halved this year on lower activity.
ABS, MARIC Sign Agreement
(PRESS RELEASE) ABS signed a Strategic Cooperation Agreement with Marine Design & Research Institute of China (MARIC) to expand collaboration, focusing on operational…
Evacuation of Kårstø After Gas Leak
The pressure is starting to fall and work is continuing on depressurising the facility. The gas leak occurred in the Statpipe-facility where the gas pipelines connect to the facility for processing. There may be visible flames (controlled burn-off of gas) from the three process flares at the facility while this continues. All personnel have been accounted for and there is now only a skeleton crew of 25 people who are at the facility to manage the incident.
Aquatic Hits 1 mln Working Hours without LTI
Aquatic Engineering & Construction Ltd, an Acteon company, has marked 1 million working hours without a single Lost Time Incident (LTI). This milestone follows on from Aquatic’s achievement of 1000 days without an LTI in December 2014. The improvement level in FPAL scoring since 2013 and successful accreditation to BizSafe3 in Singapore demonstrate that Aquatic is continually improving standards and providing training opportunities across HSEQ.