Oil Spills from VLOC in Strait of Malacca
Berge Bulk Maritime confirms that an its VLOC (Very Large Ore Carrier) “BERGE BUREYA” – (IMO/LR # 9297539) operated vessel was involved in an oil spill incident off Malaysia in the Malacca Strait earlier yesterday morning. There were no injuries to any crew-members and there was no grounding or involvement of any third parties. Whilst in transit between Singapore and Brazil, a quantity of oil was…
Damen Presents Decommissioning Vessels Concept
Damen Shipyards Group has announced its latest concept design: the Damen Decommissioning Series. The vessel will specialize in three core areas of the oil and gas decommissioning sector: topside decommissioning offshore platform removal, and subsea cleaning and removal. The design is based on in-house research carried out at Damen by one of its undergraduate interns. By inviting a considerable number of internships at its yards…
Shipping Must Disclose or Risk Being Exposed - Moore Stephens
International accountant and shipping adviser Moore Stephens says the shipping industry must adopt a transparent, proactive approach to corporate governance or else risk exposure to business and reputational damage. Corporate governance in shipping has been in sharp focus recently, particularly following publication of the research by Wells Fargo Securities into Shipping’s Corporate Governance War.
Scorpio Bulkers books Net Loss
USA-Monaco based bulk carrier Scorpio Bulkers has reported a loss of $24.7 million in its second quarter of 2016, pushing the carrier's deficit up to $ 83 million. The New York-listed dry bulk ocean shipper posted revenue of $17.4 million in the period. However, the liner's second quarter red ink not as dark as analysts had forecast. The results topped Wall Street expectations, says AP. The average…
Diana Containerships in Red, Suspends Dividend
Greece-based Diana Containerships Inc. has reported a second-quarter loss of $8 million, after reporting a profit in the same period a year earlier. The shipping company posted revenue of $8 million in the period. Net loss for the six months ended June 30, 2016 amounted to $13.8 million, compared to net income of $0.4 million for the same period of 2015. Time charter revenues, net of prepaid charter revenue amortization…
DP World Eyes Taiwan Port
Global marine container terminal operator DP World will help to expand the development of Kaohsiung Port’s Terminal 7, which is owned by the state run Taiwan International Ports Corporation (TIPC), in an effort to increase its Asian portfolio. The Dubai ports operator signed a memorandum of understanding with TIPC to develop the terminal. Financial terms were not disclosed. As the first global operator entering the Taiwan market…
India Buys 4 P-8I Maritime Planes
India has inked a deal with the US defence and aerospace giant Boeing to procure four more Poseidon-8I (P-8I) long-range surveillance and anti-submarine warfare aircraft ( submarine hunter planes) worth $1 billion. According to industry sources, the current deal is valued at around $1 billion, making it the biggest deal signed by the ministry so far in this financial year. The four aircraft will be delivered to the Navy within three years, sources said.
India Govt, Cochin Shipyard Pact on FY17 Growth Targets
Cochin Shipyard Limited (CSL) has entered into a Memorandum of Understanding (MoU) with the government of India for the ongoing fiscal under which targets agreed are in line with aggressive growth plans of the public sector firm. "CSL has signed a MoU with the Government of India for the financial year 2016-17," Ministry of Shipping said in a statement. The Memorandum of Understanding was signed by Shri Rajive Kumar…
Can Bandwidth Supply Keep up with Maritime Demand?
In the next few years, demand for bandwidth on the high seas will grow, in no small part due to technology that is making operations more efficient and keeping crews and passengers healthy, happy and connected. Just a few years ago, a cruise-going family might have brought a single laptop computer and maybe a cell phone aboard. Today, cruise companies find that the average family shows up with 10 connected devices.
Panama Canal: Assessing the Risk & Reward
The Panama Canal’s impact on shipping routes and vessel sizes since it opened in 1914 is undisputed. This will continue with the opening of a third channel for larger vessels in 2016. This briefing examines the risk management impact of this expansion on the maritime industry. Why is the Panama Canal Expansion Significant? The Panama Canal’s $5.25 billion expansion increases the maximum vessel capacity and enlarges the overall volume of transported freight.
Ferry Capability is More Than Managing an Asset
Ferry operations are extremely complex with a combination of inputs that will all impact the ferry’s ability to deliver effective operational capability – the asset itself forms only a small part of a system for transporting people and vehicles between two points. All inputs to the ferry transportation system need to be considered to deliver the system’s capability and ensure the service is successful.
Drones: Is the Maritime Industry Ready?
Unmanned aerial systems (UAS), or “drones” in common parlance, are not a part of the historical maritime vocabulary. At least not yet. While the term “drones” may conjure images from science fiction, the reality is that companies are designing commercial UAS for the private sector, and they are gradually permeating our daily life. Henry Ford is rumored to have opined on his invention of the automobile that if he had asked people what they wanted…
This Day In Naval History: July 27
1776 - During the American Revolution, the Continental brig, Reprisal, commanded by Capt. Lambert Wickes, transports the newly appointed commercial and naval agent, William Bingham, to Martinique. While en route, the British sloop-of-war, HMS Shark, approaches the brig at the entrance to St. Pierre Harbor. After a sharp encounter and inconclusive action, HMS Shark withdraws and Reprisal enters port.
CNCo Orders Remote Monitoring for 35 Vessels
Radio Holland, a global NavCom and service company in the maritime industry, said it has concluded a maintenance and remote monitoring agreement with The China Navigation Company (CNCo) for 35 vessels. Radio Holland already provides CNCo’s newbuild, multipurpose vessels and bulk carriers with NavCom packages, and the latest agreement now covers the maintenance of this equipment on board 35 vessels. This further cooperation follows a remote monitoring pilot project.
Cambodia Urged ASEAN to Avoid Words That Escalate Tension
Cambodia advised a grouping of South East Asian nations to avoid using words that "would escalate tension between China and the Philippines" in a weekend statement…
Baltic Index Down as Rates for Large Vessels Stay Weak
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell on Wednesday on weaker rates for larger vessels and supramaxes.
Servowatch to Debut New Software at SMM
Integrated ship control systems supplier Servowatch said it will use SMM to launch its new automation and control software, WINMON 9. WINMON 9 is a singular, end-to-end software solution which offers several new features, according to the developer. The software provides continuous and secure operation of vessel machinery and subsystems through its single development environment for simple yet flexible programming.
Summer Cruise to North Sea Oil Rigs Amazes Tourists
Bored with palm-fringed beaches and turquoise seas? Then the gigantic oil platforms of the North Sea beckon. The first ever "rig-spotting" cruise just ended off the coast of Norway, and those onboard the four-day trip said it was jawdropping. "I couldn't believe that these big buildings could be made," said passenger Kari Somme, 86, after seeing Statoil's Troll A platform - the heaviest structure ever moved by mankind - towering 200 metres (650 feet) above the surface of the sea.
KVH's Zika Virus Safety Video for Mariners
KVH Industries, Inc., (Nasdaq: KVHI), announced today that it is offering Videotel’s new safety and training video about the Zika virus free to all mariners worldwide. The goal of the program is to increase awareness of the vitally important prevention measures that can keep seafarers and their colleagues and families safe. The World Health Organization (WHO) declared the Zika virus a public health emergency earlier this year.
Technip Bags Woodside's Subsea Contract
Technip has been awarded a large(1) subsea contract by Woodside to support the development of the Greater Enfield Project offshore Western Australia, at a water depth comprised between 340 and 850 meters. - multi-phase pump system (transport and installation). Technip’s operating center in Perth, Australia will execute the contract with support from Technip’s Asia Pacific Subsea Hub in the Kuala Lumpur office in Malaysia, and office in Chennai, India.