MarineCFO Management Team Expands
VerticaLive, the parent company of MarineCFO, has announced that long time trusted advisor, Jimmy Treuting, has accepted the position of CEO effective January 1, 2016. Jimmy has been a pioneer and entrepreneur in the technology industry for more than 25 years. His vision was instrumental in the successful retooling of MarineCFO into a profitable SaaS company following the acquisition of MarineCFO by VerticaLive in 2013.
Eagle LNG Seeks Greenlight for LNG Exports
Eagle LNG Partners has submitted an application with the US Department of Energy (DOE) requesting long-term, multi-contract authorization under Section 3 of the…
AMP Demands Retraction of Jones Act Report
The American Maritime Partnership (AMP), the voice of the domestic maritime industry, today released a statement in response to the sheer number of factual errors in the recent report published by the Alliance for Innovation and Infrastructure’s (Aii) – Jones Act: Protectionism v. Global Trade. “The publication is littered with fabrications intended to mislead policymakers and we demand a retraction of the report," said Tom Allegretti, Chairman of AMP.
U.S. Senate Starts Debate on Broad Energy Bill
The U.S. Senate on Wednesday began debate on the country's first major energy bill in over eight years, featuring measures aimed at protecting the electric power…
Maritime Training & Continuous Improvement
Continuous Improvement (CI) is a term we hear a lot lately. Sadly, despite knowing the term and possibly even applying CI principles to some aspects of operations, CI principles are infrequently applied to in-house job and familiarization training. This is a mistake. First, it is neither difficult nor expensive to establish and maintain a program of CI for in-house training. Second, there is a good chance that if you do ignore CI…
Whether driven by treasure hunting or environmental protection, the days of forgotten wrecks, even at great depths, is past. It seems like every month we see reports of long-lost maritime wrecks being discovered on the ocean bottom and treasures being salvaged from great depths. We also hear regularly of oil being recovered from sunken wrecks. There is now no practical limit to the ability to recover objects from the sea floor, regardless of depth, currents, weather, or other obstacles.
Computer Aided Robotics Welding
CAD/CAM software maker SSI said it is developing solutions for Computer Aided Robotics Welding (CAR-W) consistent with its recent innovations in the area of 3D weld management. This research project is under the aegis of the U.S. Navy’s National Shipbuilding Research Program (NSRP). In December SSI representatives met with representatives from Wolf Robotics and Edison Welding Institute to advance this project.
New Tank Cleaning Technology
Statoil has found a way to make tank cleaning on supply vessels safer and more effective. M-I SWACO developed a new solution, and was awarded a contract with Statoil that is valued at around $55.7 million. This is the first time that M-I SWACO has commercialized the technology. It is an automatic system, which means that personnel avoid having to enter the tanks to clean them. Wash water and soap are…
Jastram, Eco Marine Sign Agreement
Eco Marine Power (EMP) has announced that it has entered into a sales and support agreement with Jastram Technologies Ltd. of Canada. This agreement paves the way for EMP to begin offering a wide range of products and services to the Canadian shipping and offshore sector. Jastram Technologies has been providing high quality equipment and services to the marine industry since 1983. It has coast to coast locations in Canada with strategically located offices in British Columbia…
Demand Woes, Vessel Glut Send Baltic Index to Record Low
The Baltic Exchange's main sea freight index, which tracks rates for ships carrying industrial commodities, hit a record low on Wednesday on persistent oversupply of vessels and tepid demand.
Stena Bulk’s IMOIIMAX Tanker Named in Hong Kong
The chemical and product tanker Stena Imperative was yesterday named at China Merchants Wharf in Hong Kong. The vessel, an IMOIIMAX MR tanker, is wholly owned by Stena Bulk and was delivered a few days ago from the Chinese shipyard CSSC Offshore & Marine Engineering (CSSC OME*) in Guangzhou. The traditional naming ceremony took place in a rainy Hong Kong attended by representatives of corporate management, the owner, customers, partners and shipyard representatives from all over the world.
SENER Celebrates 60 Years
The SENER engineering and technology group will celebrate its sixtieth anniversary in 2016. It has grown into a multidisciplinary international group which offers solutions in Aeronautics, Engineering and Construction, and Energy and Environment. SENER was founded on the basis of three important premises: to create high-quality projects, to anticipate the industry’s problems with innovative solutions, and to be independent and flexible in order to adapt to the market’s demands.
China Says Will Protect South China Sea Sovereignty
Chinese Foreign Minister Wang Yi said on Wednesday that China has a right to protect its territorial sovereignty in the disputed South China Sea and that Beijing…
VLCC's Used for Asia-Europe Diesel Liftings
Total charters VLCC to move diesel from Asia to Europe; Vitol ships diesel from Asia to Europe in Suezmax. At least two companies are planning to ship diesel in bigger-than-usual tankers from Asia to Europe in what traders said is a rare move as cheap oil drives up diesel supply and slowing economies dent demand. French oil major Total has provisionally chartered the very large crude carrier (VLCC) Alice on a six-month time charter to ship ultra-low sulphur diesel (ULSD) from Asia to Europe…
Wartsila Projects 2016 Profit Growth
Finnish industrial engine maker Wartsila reported higher quarterly earnings on Wednesday and forecast improved margins this year, hoping growth in services would…
Greek Pension Protests Hit All Transport Sectors
Ferries were docked at Greek ports on Wednesday as sailors kicked off their second 48-hour strike this week, adding to a groundswell of public discontent over plans…
Keppel, BG Group JV to supply LNG Bunkers in Singapore
Keppel Offshore & Marine Ltd (Keppel O&M), through its wholly-owned subsidiary KS Investments Pte Ltd (KSI), and BG Group plc (BG Group) have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of Singapore. The joint bid submitted by Keppel O&M and BG Group for the LNG bunker supplier licence is one of the two top bids selected by the Maritime and Port Authority of Singapore (MPA).
India Fosters Growth in its Maritime Sector
The Indian government’s has been going all out to put the growth of the Indian maritime Industry on a fast track by opening up a host of opportunities, offering goodies and putting in place new facilities. Setting the tone for his keynote address at the 9th Biennial International Conference on Ports, Shipping & Logistics organized by the Bombay Chamber of Commerce & Industry at the Taj Mahal Hotel…
Ro-Ro Volumes at Ports of Stockholm Thrive
High volumes of RoRo freight in December generated the strongest end of year monthly figures at Ports of Stockholm since 2011. Freight volumes in the RoRo segment, goods transported by haulage vehicles on ferries, were higher than the December totals for the previous three years. The total turnover reached 436,000 tonnes. “We are very pleased with this strong end to 2015 and we are anticipating continued strong growth in 2016…
Vessel Sinks in Atlantic Entrance to Panama Canal
The M/V ALITA. IMO 8503814 (174.10 meters LOA x 15,85 meters in beam) has been reported sunk at the following approximate position: Latitude 09 deg. 23.87’N and Longitude 079 deg. 55.75’W, which is about 0.7 nautical miles and 325 deg. from the West Breakwater Light. The wreck is marked by two yellow spherical buoys, one marking the bow and the other marking the stern, with the following light characteristics: white lights 0.5 seconds on and 1.5 seconds off.