NOIA’s Luthi Comments on Final Well Control Rule
In light of the Final Well Control Rule released today, National Ocean Industries Association (NOIA) president Randall Luthi issued a statement voicing both gratification and concern with the new regulation and its implementation. “The good news for industry today is that we are now learning what is actually in the final well control rule. We are gratified that some industry concerns were addressed.
APM Terminals CEO Calls for Port Industry Changes
APM Terminals CEO Kim Fejfer addressed the challenges facing port operators in today’s volatile market as well as the requirements for success, calling for investment, consolidation and rationalization in the port industry. “The need for change has been more pronounced in the past two years than in the past 20 years,” Fejfer said, presenting the Terminal Operators’ keynote address at the 18th Annual Global Liner Shipping Conference.
Six Years after BP Spill, US Sets New Offshore Oil Safety Rules
The Obama administration on Thursday unveiled new oil well control rules to prevent the kind of blowout that happened six years ago on a BP Plc rig in the Gulf of Mexico. The Interior Department's Bureau of Safety and Environmental Enforcement announced the finalized regulations, which include more stringent design requirements and operational procedures for offshore U.S. oil and gas operations. The…
US Says China to Scrap Some Export Subsidies
China has agreed to scrap export subsidies on a range of products from metals to agriculture and textiles, the United States said on Thursday, in a step by Beijing…
Port of Long Beach Starts Strong in 2016
Cargo shipments at the Port of Long Beach were up 6.1 percent for the first three months of 2016 compared to the same period last year, starting the year off strongly. Lifted by big gains in January and February, the quarter was the port’s best since 2007. While March 2015 volumes soared 32 percent over the same month in 2014 due to the exceptional recovery from cargo backlogs early last year, March 2016’s container volumes were down 26.2 percent.
India Defense Minister to Aid Shipping Growth
As India’s shipping sector eyes continued growth in years to come, the country’s ministry of defense will ensure that the shipping sector receives the necessary assistance for growth, said Union Minister for Defense Manohar Parrikar. Parrikar was speaking at a session on Shipbuilding, Ship Repair and Ship Breaking at the Maritime India Summit 2016 here. He said that the maritime sector is crucial from the defense point of view.
US Navy Sailors Reflect on Capt Phillips Rescue
U.S. Navy sailors aboard amphibious assault ship USS Boxer took time to reflect on the anniversary of the rescue of Capt. Richard Phillips from Somali pirates in the Gulf of Aden seven years ago. Phillips was rescued April 12, 2009 by special operations personnel aboard USS Bainbridge and transferred to Boxer for medical evaluation and care. Boxer also served as a staging platform for the rescue operation.
How Japan Can Lead the Marine Renaissance
Being an island nation, Japan is inevitably dependent on seaborne trade. Over time, this has led to it becoming a strong player in the global maritime market. Japan’s shipbuilding pedigree has gained the country a foothold in LNG carriers, dry bulk cargo barge and pure car truck carriers (PCTC). While Japan is still a significant player, large-scale investments made by the Chinese and South Korean governments in the 1980s pushed them ahead.
US Forecaster Sees Rising Chance of La Nina
A U.S. government weather forecaster on Thursday forecast an increasing chance of the La Nina weather phenomenon taking place in the Northern Hemisphere in the second half of the year.
Nanjing Tankers Implements 'Smart Shipping' Connectivity
Inmarsat and Cobham SATCOM announced that their partner Beijing Marine Communication & Navigation Company Ltd. (MCN) has won the largest Inmarsat Fleet Xpress installation project to date, with Nanjing Tanker Corporation of China. Just two weeks after the launch of Inmarsat’s Fleet Xpress service, the agreement brings always-on, next generation high-speed broadband capability worldwide to 70 ships…
Damen Shipyards, Saudi Border Guard Strengthen Ties
Saudi Border Guard has acquired two Damen Cutter Suction Dredgers (CSD 450) for harbor maintenance duties. As Damen has a full range of dredgers in stock, it could customize and ship two full option dredgers within a short time span. Being satisfied with quality and services the previous delivery of 6 patrol vessels in 2000, the client approached Damen for dredging equipment. What is more, Damen had…
Bibby Offshore Wins First Norwegian Contract
Bibby Offshore’s Norway division, Bibby Offshore AS, has secured its first contract in the region with ConocoPhillips Skandinavia. Managed from Bibby Offshore’s Stavanger office, the workscope involves project management, installation engineering, procurement and subsea installation works, related to maintenance activities on the Norpipe Oil pipeline. The contract is due for completion in Q3 2016 and…
Stronger Demand for Bigger Vessels Pushes Baltic Index Higher
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities extended gains on Thursday, mainly propelled by firmer demand for bigger shipping vessels.
US Ramps up Military Presence in the Philippines
U.S. Defense Secretary Ash Carter said on Thursday that U.S. troops and military equipment would be sent on regular rotations in the Philippines and that the two…
LNG Producers Seek New Markets to Soak up Surplus
The world's top producers of liquefied natural gas (LNG) are investing in ship-fuelling operations, floating import terminals and power plants to open new markets…
Liberia is Top Open Register for Greek Shipowners
Figures released by the Greek Shipping Co-operation Committee (GSCC) show that Liberia has cemented its position as the undisputed leading open registry of choice for Greek shipowners. The GSCC statistics show that, in the year to end-March 2016, the gross tonnage of Greek-controlled ships in the Liberian Registry increased by 995,781 gt. Liberia, with 744 vessels aggregating 54.74m dwt, is second only to Greece itself in terms of the number of Greek-owned ships flying its flag…
GAC, Far East Development Fund Team up to develop NSR
GAC Russia has teamed up with the Far East Development Fund to address the challenges faced by international shipping companies transiting the Northern Sea Route (NSR)…
Incat Crowther Delivers SEACOR Marine’s 2nd FSV
Incat Crowther announced the delivery of Najla McCall, the second vessel in SEACOR Marine’s Express Plus class of Fast Support Vessels (FSV). Sistership to the Alya…
Terex Port Solutions Debuts New Reach Stacker
Terex Port Solutions (TPS) will present the Liftace 5-36 reach stacker, the next machine of its line of new-generation lift trucks at bauma trade fair (11 to 17 April in Munich).
Murmansk's VI International Conference - "Logistics in Arctic"
April 12 in Murmansk held VI international conference on "Logistics in Arctic". The conference was organized by the Association of contractors of the Arctic "Murmanshelf"…