BOEM, Jacksonville, U.S. Army Corps Ink Shore Protection Deal
The Bureau of Ocean Energy Management (BOEM) has signed an agreement with the City of Jacksonville, Fla., and the U.S. Army Corps of Engineers authorizing them to dredge nearly 1.4 million cubic yards of sand from federal waters for periodic renourishment of the Duval County shoreline. The shore protection project, using sand from the seafloor of the federal Outer Continental Shelf (OCS), will restore a 10-mile stretch of coast between the St. Johns River entrance and the Duval County/St.
Caterpillar Maintains Dividend Rate
The Board of Directors of Caterpillar Inc. (NYSE: CAT) voted today to maintain the quarterly cash dividend of seventy-seven cents ($0.77) per share of common stock, payable May 20, 2016, to stockholders of record at the close of business on April 25, 2016. "Caterpillar’s balance sheet remains strong, and I'm pleased to announce we're maintaining our dividend despite continuing difficult marketplace conditions.
Expansion Underway at Hydro Group
Aberdeen-based subsea cable and connector specialist Hydro Group, has expanded its premises by investing £2 million in a new 13,700 sq ft bespoke facility, set to open in spring 2016. The company currently occupies a 45,500 sq ft facility at the Aberdeen Energy Park, purchasing the additional 0.63 acres of development land from Buccleuch Property and Moorfield Group (Buccmoor LP) to enable it to expand operations and develop a brand new workshop with mezzanine deck.
Incat Crowther Delivers Nordic Maritime's Workboat
Incat Crowther informed that the 30m Catamaran Workboat Nordic Barakuda built at Marine Diesel Services was successfully delivered. The Nordic Barakuda has been built on the expertise and experience Incat Crowther has demonstrated in previous vessels such as Unlimited, Limitless, Straight Shooter and Vejunas. This vast experience has resulted in one of the most capable and versatile vessels of its type and size.
India Test-fires N-Capable K-4 Missile from Arihant Submarine
India has successfully tested its most ambitious weapon system - a long range submarine-launched ballistic missile, codenamed K-4, from submarine INS Arihant. The nuclear-capable missile can strike targets up to 3,500 kilometres away. The submarine launched ballistic missile (SLBM) was test-fired from the nuclear-powered submarine Arihant, both of which have been indigenously developed, officials said.
Avalon Christens Newest Ship, Avalon Passion
River line Avalon Waterways has christened its newest Suite Ship class of river cruise vessels, the 166-passenger Avalon Passion, one week after the company launched another new Suite Ship, the 128-passenger Avalon Imagery II. Built at a shipyard in the Netherlands, Passion joins eight other Avalon vessels sailing at least part of the year on the Danube. The river cuts through more than half a dozen countries including Germany, Austria and Hungary. U.S.
Yangzijiang Bags Orders for Six VLOCs
China’s biggest private shipbuilder Yangzijiang Shipbuilding Holdings Ltd has won orders for six dry bulk carriers worth a combined US$510 million. The 400,000 DWT very large ore carriers (VLOCs) are the largest dry bulk carriers ever awarded to the group, the shipbuilder announced on Wednesday (April 13). The six vessels will also be the largest VLOCs that Yangzijiang will be building till date. The VLOCs are scheduled for delivery from 2018 to 2019.
ILO Minimum Wage for Seafarers to Stay at $614
The recommended International Labour Organization (ILO) Minimum Wage for Able Seafarers will remain at its current level of US$ 614 basic pay per month until at least 2018. This follows an ILO Joint Maritime Commission (JMC) meeting held in Geneva last week, comprising representatives of maritime employers co-ordinated by the International Chamber of Shipping (ICS) and seafarers’ unions co-ordinated by the International Transport Workers’ Federation (ITF).
Croatia's Floating LNG Terminal Due in 2018
Croatia could complete its 2 billion cubic metre per year floating LNG facility in 2018, Economy Minister Tomislav Panenic said. In an interview with Reuters Tomislav said that Croatia intends to complete the construction of a floating LNG terminal in the northern Adriatic by 2018, and the initial capacity would be about two billion cubic metres of gas annually. "That does not mean giving up on the land terminal…
Total, KOGAS Extend Cooperation on LNG
Korea Gas Corp, the world’s biggest importer of LNG, has struck deals with French giant Total to extend its reach into the liquefaction sector, reports Reuters. Total has pledged to press forward with investment in LNG despite the downturn in oil and gas prices and has signed a new agreement with South Korean utility company Kogas to explore mutual opportunities across the LNG value chain. The agreement…