Boston Harbor Dredging Project to get Underway
The Massachusetts Port Authority (Massport) Board today voted to approve to execute a Project Partnering Agreement with the U.S. Army Corps of Engineers (ACOE) and MassDOT to start the Boston Harbor Dredging Project. A signed agreement allows the ACOE to bid contracts for construction on a Confined Aquatic Disposal cell (CAD cell), which is needed for the maintenance dredging of the Inner Harbor Main Ship Channel.
Hanjin Shipping Rely on Assets Sale
As part of its plans to ramp up debt restructuring and struggle to stay afloat amid the tides of trouble, the Korean shipping line Hanjin Shipping is looking at selling assets, reports The Korea Herald. Hanjin is looking at offloading an office building in London as well as terminals at home and overseas to cut its debt ratio. Hanjin Shipping's, one of South Korea's largest carriers, current debt ratio is about 600 percent.
The Big Risks for Shipping in 2016
With the threats facing shipping become ever more complex and diverse, Dryad Maritime's COO, Ian Millen speaks to CSO Alliance, a global digital network dedicated to serving Company Security Officers (CSOs), about the big threats CSOs should be focusing their attention on in 2016 and what regions they should be most concerned about from a security perspective. Maritime terrorism is obviously something that needs to be continually accessed at the moment.
Piracy Drives Toward Southeast Asia
Dryad Maritime's COO, Ian Millen says that when looking at the volume of maritime crime and piracy events, the numbers drive you toward Southeast Asia. With a 10% rise in 2015 incidents, when compared to 2014, the area leads the crime league table. It’s worth noting that much of the reported crime is of the less serious type (eg. theft of ships’ stores etc), but this does sit alongside more serious…
Philippines Releases North Korean Ship
Reuter reports that the Philippines has released a North Korean freighter it had seized. The North Korean freighter was covered by harsher United Nations' sanctions against Pyongyang over its nuclear program. The 6,830 deadweight tonne (dwt) cargo ship M/V Jin Teng was one of the first sanctioned North Korean ships to enter a foreign port since the tightened sanctions were passed unanimously by the U.N. Security Council. Thirty-one North Korean ships are on the list.
RINA Services Classifies the First Ships in Iran
RINA Services and the Asian Classification Society (ACS) recently classified the first two general cargo ships at 15,000 GT owned by IRISL, a major shipping company in Iran. This dual classification is the result of a partnership signed with the Tehran-based ACS shortly after sanctions in Iran were lifted. RINA Services’ marine classification in this area reflects Italy’s strong commitment to forging long-standing relationships with countries in the Middle East and now in Iran in particular.
Shipping Morale Suffers: Moore Stephens
Overall confidence levels in the shipping industry fell to a record low in the three months to February 2016, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. The average confidence level expressed by respondents in the markets in which they operate was 5.0 on a scale of 1 (low) to 10 (high). This compares to the 5.6 recorded in November 2015…
VLCC Segment Shows Modest Growth
In the Very Large Crude Carriers (VLCC) segment, which showed modest growth in overall volume from 2014 to 2015, the main changes were concentrated in the eastern hemisphere, says a report by Tanker Research & Consulting department at Poten & Partners. In the Middle East, there was a significant increase in movements from the Arabian Gulf to the Red Sea. Reported VLCC fixtures increased almost fivefold from 12 in 2014 to 56 in 2015…
US, Canadian Coast Guards Leaders Discuss Partnership
Rear Adm. June E. Ryan, commander of the U.S. Coast Guard Ninth District, was welcomed aboard the Canadian Coast Guard Ship Samuel Risley by Assistant Commissioner Julie Gascon and Captain Signe Gotfredsen of the Canadian Coast Guard, Central and Arctic Region Monday. After a relatively mild winter on the Great Lakes escorting ships through ice and preventing ice jams, the Samuel Risley was upbound through the Soo Locks and the St.
Crowley Awards Scholarships to Four SUNY Maritime Cadets
Crowley Maritime Corporation’s 2016 Thomas B. Crowley Sr. Memorial Scholarships have helped to further educational opportunities for four students of State University of New York (SUNY) Maritime College. The recipients, who will each sail with Crowley this summer, were chosen based on their demonstrated leadership skills, financial need and plans to pursue a career in the towing or petroleum shipping industries after graduation.
BOEM Approves Virginia’s Offshore Wind Research
The Bureau of Ocean Energy Management (BOEM) announced its approval of the first wind energy Research Activities Plan (RAP) for a facility to be located in U.S.
US Drillers Cut Rigs for 14th Week in a Row
U.S. energy firms this week cut oil and natural gas rigs for a 14th week in a row to the lowest level since at least 1940, data showed on Thursday, as energy firms…
EPA Proposes Ban on Sewage Dumping in St. Lawrence River
The U.S. Environmental Protection Agency (EPA) has determined that a “no discharge zone” can be established for the New York State portion of the St. Lawrence River.
This Day In Naval History: March 24
1898 - The battleship USS Kentucky (BB 6) is launched in Newport News, Va. 1903 - Adm. George Dewey is commissioned Admiral of the Navy, the only person to hold this rank. Upon his death Jan. 16, 1917, Congress deactivates the rank. 1919 - The battleship USS Idaho (BB 42) is commissioned. Idaho serves with the Pacific fleet, participating in gunfire support of the Aleutian, Marianas, Iwo Jima, and Okinawa Campaigns, and is in Tokyo Bay Sept. 2, 1945 when Japan formally surrenders.
US Helps Micronesia Boost Port Security
A U.S. Coast Guard International Port Security team in cooperation with officials from the Federated States of Micronesia’s Department of Transportation, Communication and Infrastructure completed three days of port facility security seminars in March. The engagement involved sharing best practices for conducting drills and exercises and to observe the implementation of the International Ship and Port Facility Security Code at Kosrae Okat Commercial Dock port facility in the Port of Kosrae.
GMS Launches Korean Operation
GMS, a cash buyer of ships and offshore structures, has launched a new operation in Korea. The office will be headed by Gyungbae Gil, a trader who was based in Dubai.
Trafigura Clinches $5.1 Bln Loan as Trading Grows
Swiss commodities trader Trafigura has signed a $5.1 billion European revolving credit facility aimed at financing its growing operations. Trafigura, which reported…
Repair Job Completed at Durban Dry Dock
The 35-meter-long, 900-ton outer caisson at the Port of Durban’s Prince Edward Graving Dock has now been commissioned after being refurbished at a cost of R30 million. This was the third and final phase of Transnet National Ports Authority’s (TNPA) comprehensive repair program on the structure which was deemed unsafe and in need of repair. Work involved structural repairs to the first of two steel…
USCG Sees Rise of Electrical Deficiencies on Commercial Vessels
Due to an increase in reported electrical deficiencies on commercial vessels, the Coast Guard is warning commercial vessel owners to inspect their vessels' wiring before getting underway in the spring. Coast Guard marine inspectors have discovered that a number of vessels have significant electrical deficiencies that can pose safety hazards and cause marine-engine causalities, and inspectors will spend additional time during inspections examining electrical systems as a result.
Selektope Shortlisted for Marine Engineering Award
Gothenburg-based I-Tech’s Selektope antifouling system has been shortlisted in the Environmental Performance category by the judging panel for the European Marine Engineering Awards.