State to Take Reins of Alaska LNG Project
Alaska Gasline Development Corp. President Keith Meyer says the Big 3 oil companies are cooperating with the state’s desire to take full ownership of the AK LNG Project. He laid out an ambitious list of “to-dos” the state needs to check off if it is going to lead the $55 billion Alaska LNG Project to fruition at a board of directors meeting. According to local media, ExxonMobil, BP and ConocoPhillips…
Submarine Collides off Washington Coast
The ballistic-missile submarine USS Louisiana and a Navy offshore support vessel collided while conducting routine operations in the Strait of Juan de Fuca off the coast of Washington state on Thursday (August 18, 2016), informs the United States Navy. The collision occurred at 6:00 p.m. There were no injuries to personnel. Assessments of the damage to both the submarine and the U.S. Navy Offshore Support Vessel are being conducted. The incident is currently under investigation.
Vizag Port Mulls Major Expansion
Vishakhapatnam Port is poised for major expansion, with the Minister for Shipping, Road Transport and Highways Nitin Gadkari inaugurating several projects during his visit to the port, says government press release. The Minister inaugurated a Container Freight Station of 1 lakh TEU capacity developed by M/s.VCTPL at a cost of Rs.104 crores for which an extent of Ac 34 acres is allotted by the Port. He also inaugurated the commissioning of 6.25MW out of 10MW solar power plant.
5K Workers Lose Jobs in Korean Shipyards
According to a report by Korea Economic Daily the number of workers who left Korea's top-three shipbuilding companies - Hyundai Heavy Industries, Samsung Heavy Industries, and Daewoo Shipbuilding & Marine Engineering - in the first half of this year is estimated at around 5,000. As the shipbuilding industry was hit by global oversupply and lack of demand the country’s shipyards were forced to decrease…
Samsung Shipyard Mulls Outsourcing
Samsung Heavy Industries (SHI) CEO Park Dae-young proposed the outsourcing of shipbuilding to China and Indonesia in an effort to overcome a liquidity crisis, according to Yonhap. "I feel a doubt over whether we should build ships only in our shipyard," Park told a shareholders meeting which has been convened to discuss the shipyard's rights offering. Park also said the company could outsource the shipbuilding process to smaller Korean shipyard.
Maersk Break-Up Soon ?
A.P. Moeller-Maersk A/S, in its strategic review, is considering several options including a two-way split into an energy and a transport company, says a Bloomberg report. According to Danish daily Berlingske, the shipping group is likely to break up into transportation and energy divisions. "Maersk Transport" would include the Maersk Line, APM Terminals, Maersk Tankers, Damco and Svitzer units, while "Maersk Energy" would include Maersk Oil, Maersk Drilling and Maersk Supply Service.
Submarine Found in North Sea
The Danish Maritime Authority confirms having received a report on the finding of a wreck off the west coast of Jutland. The report also states that there are unexploded mines and torpedoes on board. However, currently the Danish Maritime Authority cannot confirm that the wreck found is UC-30. On the basis of the report, the Danish Maritime Authority has issued a prohibition against diving operations…
Cargo Growth Forecast at Canada's West Coast Ports
Ocean Shipping Consultants' 2016 container traffic report for the west coast of Canada forecasted that container demand through the Port of Vancouver and Port of Prince Rupert would be 6.62 million twenty-foot equivalent unit containers (TEUs) by 2030 (base case), with 5.93 million TEUs and 7.53 million TEUs as the low case and high case respectively. The forecast shows continued growth in container trade through the west coast of Canada at a compound annual growth rate of about 4 percent…
Navy to Christen Expeditionary Fast Transport Yuma
The Navy will christen its newest Expeditionary Fast Transport, USNS Yuma (EPF 8), Saturday, Aug. 20, 2016, during a 10 a.m. EDT ceremony, in Mobile, Alabama. Yuma, designated EPF 8, honors the city of Yuma, Ariz., and its historically strong ties to the military. Rear Adm. Craig Faller, chief of legislative affairs for the secretary of the Navy, will serve as principal speaker. The Honorable Janet Napolitano, former governor of Arizona, will serve as the ship’s sponsor.