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…
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.
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.
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.
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…
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…
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.
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.
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…
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…
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.
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…
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.
Norfolk Intermodal Volume Falls
Norfolk Southern Railway has announced disappointing financial results, and a cost-cutting plan that could eliminate two thousand jobs over the next four years. Norfolk has assured shareholders that despite weak carload volume and tumbling intermodal traffic producing a double-digit profit loss, the railroad remains better on its own. The company has outlined plans to cut staff, close routes and mothball locomotives amid a series of measures aimed at cutting annual costs by $650m by 2020.
Dragflow Remote Controlled Dredge for Marina Sveva
Dragflow has recently delivered a remote controlled dredge for the Marina Sveva harbor dredging project in Italy. Due to the sea currents caused by a dam, too much sedimentation occurred inside the harbor. Also, the seabed was frequently raised, causing navigational problems for the boaters accessing the harbor. The problem to be tackled was that due to the currents caused by a dam, too much sedimentation has occurred in the harbour.
UK Seafarers: Positive New Statistics Mask Reality
UK Seafarer statistics launched today show a slight overall increase of 2% from 2015, rising to 23,380 at the end of June 2015. The total number of UK seafarers active at sea was estimated to be 23,380. The number of UK officers remained at 10,930 - largely unchanged from 2014. The total number of UK Ratings rose by 5% to around 8,830 – the first increase in the number of ratings since 2011. The number of officer cadets in training remained static at around 2000…
Navios Maritime Posts 4Q Profit
Navios Maritime Midstream Partners LP (NAP) on Wednesday reported fourth-quarter profit of $9.1 million. On a per-share basis, the company said it had profit of 44 cents. The operator of contracted crude oil tankers posted revenue of $25.8 million in the period. For the year, the company reported profit of $27.1 million, or $1.33 per share. Revenue was reported as $83.4 million. Angeliki Frangou, Chairman…
Chinese Boat Capsizes off South Korea
South Korean maritime police on Wednesday withdrew divers after they failed to find at least five people believed to be trapped inside a Chinese fishing boat that capsized near a small southwestern island off South Korea on Wednesday, reports AP. Four people were rescued by nearby Chinese fishing boats, but another man pulled by South Korean divers was feared to be dead, according to an official from the Ministry of Public Safety and Security.
C&W Networks Selects Xtera for Submarine Cable Upgrade
C&W Networks, part of Cable & Wireless Communications (CWC), the largest telecommunications service provider across the Caribbean, Central America, Mexico and United States with more than 48,000 miles of subsea fiber-optic network has selected Xtera Communications, Inc., a leading provider of high-capacity, cost-effective optical transport solutions, for upgrading its submarine cable systems in the western Atlantic ocean and the Caribbean Sea to 100G.
Critical Habitat for Endangered North Atlantic Right Whale
Using new information not previously available, NOAA Fisheries is expanding critical habitat for endangered North Atlantic right whales to cover its northeast feeding areas in the Gulf of Maine/Georges Bank region and southeast calving grounds from North Carolina to Florida. This final rule, which was initially proposed in February 2015 and received 261 general comments over a 60-day comment period, does not include any new restrictions or management measures for commercial fishing operations.