Inmarsat Expands Presence in Singapore
Inmarsat, has opened its new Singapore office, which is the company’s largest facility in Asia Pacific region. Inmarsat’s investment in the 1,700 suareq meter office in Toa Payoh, Central Region Singapore, sees the company’s regional hub providing a new solutions lab, demonstration capabilities, training rooms, a knowledge centre and support center, in addition to enhanced production and storage facilities.
Baltic Index Hits Record Low for 12th Straight Session
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, plunged to a new record low for the 12th straight session…
Hit by Oil Price Drop, Algeria Turns to China for Funds
Algeria is turning to China to finance several infrastructure projects, including a new $3.2 billion port, as the North African OPEC member looks for ways to weather the collapse in global oil prices.
Coast Guard Western Rivers High Water Closures, Restrictions
The U.S. Coast Guard has issued a number of river closures, restrictions and advisories in response to floods in the Midwest and South. Illinois River is open to traffic.
Next Generation Marine Power & Propulsion Conference
The Next Generation Marine Power & Propulsion Conference will be held at the Grand Harbour Hotel, Southampton U.K. from April 26 to 28, 2016. The event will bring together an international group of experts armed with the latest knowledge to highlight the potential use of innovative power and propulsion systems. The objective is to identify a range of solutions for workboats, pilot boats, wind farm support vessels…
MAN D&T Expands in Chinese Two-Stroke Market
At a ceremony in Zhuhai, Guangdong Province on January 16, 2016, local engine builder Yuchai Marine Power Co., Ltd. (YCMP) signed a new license agreement with MAN…
Safe Harbor Pollution Insurance Broadens In-house Capacity
Vessel pollution liability insurance company Safe Harbor Pollution Insurance announced it has expanded its carrier partnerships to include Berkshire Hathaway Specialty…
US Coast Guard to Break Ice in Green Bay
The U.S. Coast Guard is scheduled to commence icebreaking operations Thursday in the waters of Green Bay in Lake Michigan. The Coast Guard said these operations…
Emco Wheaton Plays Key Role in First US Crude Oil Shipment
Emco Wheaton has played a pivotal role in the transfer of the first shipment of U.S. crude oil for export in 40 years, after the Theo T tanker set sail from the Port of Corpus Christi bound for Europe. The Greek oil tanker was loaded on New Year’s Eve by NuStar Energy LP at its North Beach Terminal at Port Corpus Christi in Texas using three Emco Wheaton Marine Loading Arms. To cost effectively and safely supply crude oil to the global market…
Euronav Sells VLCC Famenne
Euronav NV has sold one of its two oldest VLCC vessels, the 2001-built, 298,412 dwt VLCC Famenne, for $38.4 million. The vessel is wholly owned by Euronav. The capital gain on that sale of about $13.8 million will be recorded at delivery. Following the sale, the availability of the revolver under the $750 million facility will be reduced by $23.7 million. The vessel is expected to be delivered to its new owner in the course of the first quarter 2016.
Hapag Invented the Pleasure Cruise
Vacations on a ship – 125 years ago that was considered revolutionary. What many don’t know is that the modern cruises already started in 1891 – on a Hapag ship. On a cold January morning, nearly 125 years ago, nobody could have guessed that the idea would turn into such a success story. In any case, on January 22, 1891, it seemed as if all of Cuxhaven had turned out to marvel at the group of “intrepid travelers” making their way up the gangway of Hapag’s flagship…
Greece Receives $402 Mln Bid from Cosco for Piraeus Port
Greece said it received an improved bid of 368.5 million euros ($402 million) that China's Cosco Group submitted on Wednesday for a 67 percent stake in Piraeus Port, the country's biggest. The board of the country's privatisation agency (HRADF) met on Wednesday and evaluated Cosco's offer. Privatisations are a key element of an international bailout Greece obtained in 2015. "HRADF's board of directors…
ABS Names New Chief Engineer
Montaruli steps up at ABS as technical engineering authority. ABS, a provider of classification to the global marine and offshore industries, announced the appointment of Bret Montaruli as Vice President and Chief Engineer. In his new role, Montaruli will be responsible for overseeing the interpretation, application and compliance with the ABS Rules across all ABS Engineering offices worldwide. Montaruli steps into his new position February 15…
SC Ports Box Volumes Rise 10% in 2015
South Carolina Ports Authority (SCPA) posted 10 percent container growth in 2015, a year highlighted by strong volumes and significant progress on the harbor deepening project. SCPA handled 144,718 twenty-foot equivalent units (TEUs) in December, pushing total container volume to 1.97 million in 2015. As measured in pier containers, or total boxes handled, SCPA's two container terminals moved 1.12 million boxes in 2015, an increase of 9.54 percent over 1.02 million containers handled last year.
Global Diving & Salvage Hires VP in Houston
Global Diving & Salvage, Inc. has hired Mike Brown as Vice President of Energy Services, working from the company’s Houston office. In his new position Brown, will focus his efforts to increase Global's position in the domestic and international energy market and will be directly responsible for developing business opportunities and providing oversight on operations for these clients as well as oversee Global’s saturation and deep diving operations throughout the company.
Evergreen Group Chairman Dies at 88
Evergreen Group founder and Group Chairman Dr. Yung-Fa Chang passed away at the age of 88 in Taipei on January 20, 2016. Dr. Chang was born in 1927. He founded Evergreen Marine Corporation in 1968 with just one secondhand general cargo vessel, and by 1985, the company had become the world's largest container shipping line. In 1989 he established EVA Air, extending his global business empire from shipping to airline and land transportation. Dr.
US Awards Grant for Maritime Apprenticeships
Foss Maritime announced today a partnership to establish the curriculum for a new marine engineering apprenticeship program, and to sponsor several applicants each year.
Mud Cat Dredges Operating in Iraq
Multiple amphibious, multifunction dredges from Mud Cat are operating in Iraq to clean various dams and barrages that are positioned along the Tigris and Euphrates Rivers. Iraq’s Ministry of Water Resources (MWR) purchased the MFDs to remove accumulated silt, sand and vegetation at each dam’s basin. By performing regular dam maintenance, Iraq’s MWR can maintain the designed water levels at the dams to prevent structural components from being compromised.
Kinder Morgan Swings to Loss in Q4
U.S. pipeline giant Kinder Morgan Inc swung to a fourth-quarter loss as it moved lower volumes of oil and gas amid falling prices. The company said it does not expect…
Charleston Gains Cold Storage Capacity
South Carolina Ports Authority (SCPA) officials celebrated the newly-expanded New Orleans Cold Storage (NOCS) facility in North Charleston, an important addition…