Samsung Heavy Loses $4.6-bln FLNG Order
South Korea’s shipbuilder Samsung Heavy Industries (SHI), the world’s third-largest shipbuilder, has received a contract termination for three floating liquefied natural gas (FLNG) units from oil and gas giant Royal Dutch Shell Plc. The deal for the three vessels, worth a total of KRW 5.3 trillion (USD 4.6 billion), was signed between the companies in June 2015. The contract fromShellwas voided because of the current difficult market conditions…
ECSA Looks Forward to Improvement of Shipping Conditions in Arctic
European shipowners believe that the three priority areas of the new EU Arctic Policy Communication published by the Commission this week address all topical Arctic matters. Climate change and environment, sustainable development and international cooperation in the Arctic are equally important. “We appreciate the focus of the EU to the Arctic matters by developing this more coherent framework for EU action and funding programmes in the Arctic.
Matson Announces Q2 Dividend of $0.18/Share
The Board of Directors of Matson, Inc. today declared a second quarter dividend of $0.18 per common share. The dividend will be paid on June 2, 2016 to all shareholders…
Disabled Fishing Vessel Towed to Maine
The 60-foot fishing boat Paulo Marc was towed by the crew of U.S. Coast Guard Cutter Moray after the fishing vessel became disabled Wednesday about 90 miles east of Portland, Maine. Watchstanders at Sector Northern New England’s command center received notification at approximately 1 p.m. Wednesday that the Paulo Marc, homeported in Gloucester, was disabled with four people aboard. The Moray crew launched and arrived on scene to establish the tow at approximately 8 p.m. Wednesday.
Blacklisted Oil Tanker Returning to Libya
An Indian-flagged oil tanker is returning to Libya, the North African country's rival oil corporation said on Thursday, after its failed first attempt to export…
US Urges ASEAN Unity on South China Sea Ruling
China risks "terrible" damage to its reputation if it ignores an impending international court ruling on the South China Sea, the United States said on Thursday, while urging Southeast Asian countries to rally behind the court decision. The Permanent Court of Arbitration in The Hague is expected to rule in coming weeks on a case the Philippines has brought against China's claim to virtually all of the South China Sea, a strategic route for a quarter of the world's trade and oil.
Subsea 7 Profits Dip in Q1
Subsea 7 S.A. announced its financial results for the first quarter ending March 31, 2016, reporting revenues of $746 million, down 37 percent from the prior year period. Adjusted EBITDA meanwhile was $284 million with an Adjusted EBITDA margin of 38 percent, higher than 2015 despite the lower revenues. Subsea 7’s Chief Executive Officer, Jean Cahuzac, said, “This performance benefitted from good project…
UK Navy Warship Escorts Queen Mary II
U.K. Royal Navy warship HMS Defender provided escort duties for transatlantic ocean liner RMS Queen Mary II through the Gulf of Oman. The Type 45 destroyer, dwarfed by the enormity of the cruise liner, is equipped with an array of weaponry and radar tracking systems to ensure the safe passage of the luxury ship through potentially dangerous sea lanes. This was the second time in two days the Portsmouth-based warship had escorted a ‘High Value Unit’ through the area, The Navy said.
Voice-data Communications and HDTV in One System
PDQ’s OneSource System provides long range cell, wi-fi and high definition TV in one system for mobile users. San Diego wireless company PDQ Connect has developed the OneSource system to provide cellular and wi-fi service, as well as HDTV using one antenna and one cable connection for all three services. The new system gives mobile users long range voice and data and cost free high definition TV. Features of the OneSouce system include 3G and 4G cell boost up to 20 miles for all carriers…
Entrance to Port of Santos Reopens
The entrance to Brazil's largest reopened on Thursday, after rough seas prevented ships from entering or leaving for more than 30 hours during peak soy export season.
French Wheat Exports Await Indonesia Approval
French wheat exports to Indonesia are on hold as traders await the approval of a food safety agreement between the two countries, something exporters say is being…
Cavotec, ABB Partner on Shore-to-ship Power
Cavotec and ABB have signed a Memorandum of Understanding to jointly offer complete shore-to-ship power solutions globally. Such solutions allow vessels to plug into onshore power supply and shut down their engines, eliminating noxious emissions, noise and vibrations while berthed in ports that are often located in city surrounds. The technology ensures a seamless switch from on-board generation to shore power supply, without disruption of services including lighting, heating and refrigeration.
Fishing Crew Missing off Wales
The U.K. Coastguard is searching for the crew of a sunken fishing vessel near St David’s Head, Pembrokeshire. The Coastguard said it received a 999 call from a member of the public just before 14:30…
This Day In Naval History: April 28
1907 - A U.S. Marine Corps detachment from the patrol gunboat Paducah serves ashore at Laguna, Honduras, to protect Americans during a war between Honduras and Nicaragua. 1942 - The U.S. Navys Task Force 99, which consists of USS Wasp, USS Tuscaloosa and USS Wichita, plus four destroyers, sail from the Royal Navy base at Scapa Flow, Orkney Islands, as part of the mixed U.S.-British force Distaff, to provide cover for Russian convoy at Iceland. 1944 - German torpedo boats attack U.S.
India Instructs Disputed Tanker to Await UN Orders
India has instructed an Indian-flagged oil tanker that has been blacklisted by the U.N. not to discharge its cargo of crude oil from Libya's rival eastern government…
EU Adopts New Arctic Policy
The High Representative for Foreign Affairs and Security Policy and the European Commission have adopted a policy proposal that will guide the actions of the European Union in the Arctic region.
WCI's Toohey Applauds WRDA 2016 Bill
Waterways Council, Inc. (WCI) President/CEO Michael J. “We thank Chairman James Inhofe and Ranking Member Barbara Boxer for their collaborative efforts to develop…
Baltic Index Dips on Weaker Rates for Bigger Vessels
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Thursday, hurt by lower rates for capesize and panamax vessels.
Englishman: 11th Humber Tug Bears the Name
Humber tugboat operator SMS Towage has drawn on an old name for the latest addition to its fleet. The new Englishman is the 11th Humber tug to bear the title, in a tradition stretching back to the 19th century. Built at the Sanmar yard on the edge of Istanbul to a Canadian design, she produces 3,500bhp and can bring in 270m long ships of more than 170,000 metric tons dead weight. The 25m £3.5m vessel is capable of 13 knots and is among the most maneuverable on the estuary.
First Female Deputy Harbor Master at Port of Durban
One of the first three women in Africa to obtain a Marine Pilot open license in 2011, Pinky Zungu has again made history with her appointment as Transnet National Ports Authority’s first black female Deputy Harbor Master – Nautical for the Port of Durban. Having been selected by TNPA as a development candidate in 2001, Zungu is one of a growing number of women who have been promoted into senior positions through their hard work and dedication…