Market Forces Down Ship Operating Costs
The cost of operating cargo ships has fallen for two successive years but is forecast to rise in 2017 and beyond, according to the latest Ship Operating Costs Annual Review and Forecast 2016/17 report published by global shipping consultancy Drewry. 2016 was another very difficult year for most shipowners and operators. Weak freight rates, declining asset values, eroded profitability and denuded cash balances have forced shipowners to reduce costs wherever possible…
First Norwegian Vessel to Comply with New IMO Polar Code
After a successful approval process and survey, DNV GL and the Norwegian Maritime Directorate have issued the first polar ship certificate to the Norwegian platform survey vessel M/V Stril Polar owned by Simon Møkster Shipping AS. The goal of the newly adopted IMO Polar Code is to ensure a minimum standard for ships entering into the Arctic waters and/or Antarctica. The code is an international set…
Eunavfor Renewal Welcomed
The International Chamber of Shipping (ICS) has welcomed the extension of EUNAVFOR Operation Atalanta, following a decision by the EU Council, which will continue to see military forces deployed for counter piracy operations in the Western Indian Ocean until December 2018. ICS Secretary General, Peter Hinchliffe said “The presence of military forces is an essential component of the package of government actions that has helped to suppress the activities of Somali pirates…
India Readies Draft Inland Vessels Bill, 2016
The following are the salient features of the draft Inland Vessels Bill, 2016 of India. The Draft Inland Vessels Bill, 2016 covers the Preamble and has 16 parts i.e. Part I to Part XVI. 1. Part I- enables the Central Government to enact the Bill either in whole or in Part or enact any of its provisions on different dates or in different areas or regions or State Governments or Union Territories by means of a notification to such effect.
Sustainable Development Goals for the Oceans
The role of the marine industry in supporting the United Nations Sustainable Development Goals was addressed at the 2016 World Ocean Council Sustainable Ocean Summit in Rotterdam, Netherlands (30 November-2 December). International Maritime Organization (IMO)'s Theofanis Karayannis gave an insight into how the Organization supports ocean sustainability, including work to mitigate climate change through…
India to Develop Coastal Economic Zones
In its move to boost the ruling party's flagship Sagarmala (string of ports) project, the government of India is developing Coastal Economic Zones (CEZs). The National Perspective plan of the Sagarmala Programme has identified two maritime clusters for development, one in Tamil Nadu and other in Gujarat. Fourteen Coastal Economic Zones(CEZ) have been identified along the coastline of the country in the National Perspective Plan of the Sagarmala Programme.
Offshore Deepwater Rebound?
Statoil was awarded blocks 1 and 3 in the Saline Basin in the Deepwater exploration tender in the Mexican Round 1. The blocks cover an area of about 5,650 km2 (18,500 square miles) in the largely unexplored deepwater areas of the Saline Basin. Statoil will be the operator of blocks 1 and 3, at 33.4% equity, with partners BP and Total participating equally with the remaining equity. The licences were awarded in a competitive bid round.
Siemens’ Turbine Transport Ship Commissioned
The heavy cargo roll on/roll off' coaster vessel recently delivered and commissioned by Concordia Group is not the typical RO/RO. Once a containership, the 141-meter-long and 20-meter-wide Rotra Vente was converted into a specifically designed ship to be used under charter by Siemens mainly in the North Sea area for the transportation of mast, nacelles (engine rooms) and rotor blades for wind turbines.
Roxtec Services US Launched
Roxtec has launched a new inspection, maintenance and installation training company for the United States: Roxtec Services US aims to increase safety for the marine…
IMO Newcomer Belarus Accedes to Further Treaties
Just one week after becoming the 172nd member state of the International Maritime Organization (IMO), the Belarus has acceded to three IMO treaties covering a variety of ship safety measures, including conventions on load lines and facilitation of maritime traffic. Ambassador of the Republic of Belarus to the U.K., Sergei Aleinik, met IMO Secretary-General Kitack Lim at IMO headquarters in London on December 5 to deposit the instruments of accession.
Radio Zeeland Introduces TITAN Line Navigation Displays
Making its debut at the International WorkBoat Show, the new TITAN Line from Radio Zeeland DMP can be connected either to a network or to a wired system and provides wider flexibility and customization with the ability to have a combined digital or analogue display unit within the same panel. The TITAN Line incorporates technology deployed from its earlier products FALCON or SIGMA, has ISO-certified quality assurance…
Obituary: Stewart B. Nelson
Stewart B. Nelson, Ph.D. - B. June 9, 1937 D. Dr. Stewart B. Nelson URI -MMA 1974, oceanographer, explorer, author, lecturer and marine historian passed away of…
WSF Leader to Retire
Lynne Griffith joined the Washington State Department of Transportation as assistant secretary for the ferries division in September 2014. Today, she announced that…
More than 1,000 Boat Migrants Rescued, 16 Bodies Found
More than 1,000 migrants were plucked from overcrowded boats and 16 bodies were recovered in the past two days, Italy's coastguard said on Monday, adding to the…
Fugro's Shares Sink after Boskalis Trims Holding
Shares in Dutch deep-sea prospector Fugro fell 4.5 percent on Monday after larger rival Boskalis announced that it had trimmed its holding in the company. A statement from dredging and marine engineering company Boskalis said that its holding in Fugro now stands at 24.9 percent. Boskalis had built a stake of as much as 28.6 percent at the end of 2015 in what was widely seen as a first step towards buying Fugro.
Polar Sea Ice the Size of India Vanishes in Record Heat
Sea ice off Antarctica and in the Arctic is at record lows for this time of year after declining by twice the size of Alaska in a sign of rising global temperatures, climate scientists say. Against a trend of global warming and a steady retreat of ice at earth's northern tip, ice floating on the Southern Ocean off Antarctica has tended to expand in recent years. But now it is shrinking at both ends of the planet…
Boskalis Scales Back Holding in Fugro
Royal Boskalis Westminster N.V. announces that it has reduced its holding in Fugro N.V., an integrator of geotechnical, survey, subsea and geosciences services.
Harris Pye Chalks Up LSDO Conversions
The Harris Pye Engineering Group has been awarded a contract by a Chinese LNG company to convert six of its vessels to low sulphur diesel oil (LSDO), with an option for conversions on further vessels to follow. The group has undertaken work, predominantly on main and auxiliary boiler plants, on more than 75 vessels around the world, including some 30 LNGC main boiler plants on behalf of over 15 clients, offering the conversion as a turnkey package.
Former US Navy Official Sentenced for Bribery
A former supervisory contracting officer was sentenced to 72 months in prison today for accepting bribe payments in exchange for steering U.S. Navy contracts to…
Cat EPA Tier 4 Engines for McAllister Tug Duo
Horizon Shipbuilding is in the process of installing the first production EPA Tier 4 certified units of its 3516E EPA CAT Marine engines, on a pair of tugs it is…