Oil Market Still Not Close to Rebalancing -UAE
Oil markets are still not close to rebalancing due to a severe glut and a further price correction is possible, United Arab Emirates Oil Minister Suhail bin Mohammed al-Mazroui said on Wednesday.
Ferry Design Contest Winners Announced
The winners of the Worldwide Ferry Safety Association’s (WFSA) Safe Affordable Ferry Competition, as determined by a panel of judges, have been announced by WFSA Executive Director Dr. Roberta Weisbrod. The requirements of this year’s competition were to design a safe and affordable RoPax ferry able to transport 185 passengers plus a crew of 15 and cargo carrying vehicles on a route linking five islands surrounding Indonesia’s Savu Sea.
Simrad Launches New Radar System
The newly launched Simrad R3016 12U/6X IMO SOLAS CAT 3 Radar System has been developed for the commercial shipping market, suited for use aboard CAT 3 SOLAS vessels, workboats, tugs and coastal fishing boats. The radar solution’s 12-kilowatt X-Band transceiver and 6-foot open array scanner are designed for rugged reliability and low maintenance, its manufacturer said. Built around a next generation digital processing user interface…
Port of New Orleans Reports Cargo Surge
More containers moved through the Napoleon Avenue Container Terminal at the Port of New Orleans in March and April 2016 than in any two months in the port’s history. According to figures released this week, 50,974 twenty-foot-equivalent units moved through the Terminal in April, besting the previous monthly record of 48,594 TEUs in March of 2016. The two-month total of 99,568 TEUs is up 6.1 percent, compared to same two months in 2015.
US Coast Guard Promotes Second Four-star Admiral
Charles D. Michel, vice commandant of the U.S. Coast Guard, was promoted to the rank of admiral at Coast Guard Headquarters Wednesday. Following passage of the Coast Guard Authorization Act of 2015, the president nominated Michel for promotion to the rank of admiral to align the leadership structure of the Coast Guard to that of the other armed services and recognize the important role of the vice service chief at the national level.
Can Domestic Shipping Become Our Industry’s Farmer’s Market?
Arriving at the Farmer’s Market this morning I made the decision to grill some hand cut rib eye with fresh vegetables and potatoes later that evening. I searched several of the local farm kiosks to find the mix I wanted and then reached into my pocket to pay for my choices. The price for all this local fare is not competitive with Cosco or Walmart, but I know the vegetables are organically grown without chemicals and the local beef is grass fed.
China May Approve More Crude Imports for Teapots
More independent refineries seek crude import quotas. Total quota may hit 2 mln bpd by end-2016. China could approve more crude import quotas for independent refiners…
Hyundai Merchant Marine Bondholders Approve Debt Swap
A majority of Hyundai Merchant Marine Co Ltd (HMM) bondholders have approved a debt-for-equity swap plan, South Korea's second-largest shipper said on Wednesday…
Ferry Refit: The CAT Floats Again
The CAT high-speed ferry has been refloated following an extensive refit, upgrades and repairs at Detyens Shipyard in Charleston, S.C., which began in early April. Following the refloating, final work, including completion of regulatory inspections and dock and sea trials, will be undertaken before the vessel departs South Carolina for Yarmouth and Portland. The final schedule for the vessel's northern voyage has not yet been set. The vessel, under charter by Bay Ferries Limited from the U.S.
ClassNK Opens Survey Office in France
Classification society ClassNK has opened its new Nantes Office in western France, with operations commencing June 1, 2016. With survey offices already established in Dunkerque and Marseille…
Diana Containerships Announces Reverse Stock Split
Diana Containerships Inc., a global shipping company specializing in the ownership of containerships, has announced that its Board of Directors has determined to…
Nordic American Tankers Expands Suezmax Fleet
Nordic American Tankers Limited (NAT) has taken delivery of Suezmax tanker Nordic Luna, the first of four secondhand sister vessels purchased as part of the company’s plans for fleet expansion.
ACR Electronics Turns 60
ACR Electronics, a Drew Marine Company, is celebrating its diamond anniversary this year. Over the past 60 years ACR has manufactured lifesaving equipment for military forces…
This Day In Naval History: June 1
1813 - HMS Shannon, commanded by Capt. Philip Broke, captures USS Chesapeake, commanded by Capt. James Lawrence off the coast of Boston, Mass. During the battle, Capt. Lawrence is mortally wounded, but as he is carried below deck, he orders the iconic phrase: "Tell the men to fire faster! 1871 - Two ships under the squadron command of Commodore John Rodgers, on USS Colorado, are attacked from Korean forts and batteries. The squadron is carrying Frederick Low, U.S.
S.Korea Shipbuilders' Lead creditors back Asset Sale, Cost Cuts
The lead creditors of two of South Korea's biggest shipbuilders have provisionally approved plans by Hyundai Heavy Industries and Samsung Heavy Industries to raise…
OEG Acquires AOR Containers
Offshore Cargo Carrying and A60 module company OEG Offshore (OEG) is moving into Norway, Congo and Myanmar for the first time, with its acquisition of AOR Containers, a major player in Europe, Africa and Asia. The move makes OEG Offshore the second-largest provider of offshore cargo carrying units (CCUs) in the world, with the addition of AOR’s international fleet of 6,000 units taking OEG Offshore’s total fleet to 25,000 units.
Industry Ready for 2020 SOx Emissions Rules -EGCSA
The Exhaust Gas Cleaning Systems Association (EGCSA) has raised concerns regarding the possible delay to the adoption of a global limit on fuel oil sulphur emissions…
Sea Sentry to Monitor Bulk Carrier's SOX Scrubbers
The CTG Sea Sentry is a wash water monitoring system which monitors both the sensor inlet and outlet of wet exhaust gas scrubber systems. CTG has to date supplied monitoring systems globally to the marine industry’s leading providers of Exhaust Gas Cleaning Systems and announced the recent installation of the new improved Sea Sentry on board a major bulk carrier to monitor a newly installed SOx Scrubber system.
Neches River Reopened Following Oil Spill
The U.S. Coast Guard has lifted its safety zone on the Neches River Tuesday as oil spill cleanup activities near their conclusion. The response began after a pipeline…
Port Business: Is Bigger Better?
Every port is different. But the harbor masters meeting in Vancouver this week are finding they all have much in common. “We all are dealing with issues of efficiency, the environment, and security and how to develop our ports to best accommodate our customers today and in the future,” says Capt. Kevin Richardson, president of the International Harbour Masters’ Association (IHMA) and a retired chief harbor master at the Port of Dover in the U.K.