A New Maritime Forum?
Japan and Indonesia are planning to establish a new high-level bilateral maritime forum. The Japan-Indonesia Maritime Forum will discuss maritime cooperation., says a report in The Japan News. Under the new framework, Tokyo will support Jakarta’s efforts to protect its maritime sovereignty in the South China Sea and other areas. By deepening cooperation with Indonesia, which has strong influence over the Association of Southeast Asian Nations…
COSCO, HPH Terminal Deal in Hong Kong
Hongkong International Terminals Limited (HIT), COSCO-HIT Terminals (Hong Kong) Limited (CHT), and Asia Container Terminals Limited (ACT) have entered into a formal collaboration for the co-management and operation of 16 berths across Terminals 4, 6, 7, 8 and 9 at Kwai Tsing, New Territories, Hong Kong. The revenue and expenses from the management and operation of the facilities of the Combined Terminals…
ZIM Announces Upgraded Lines Structure
In order to improve its services and provide better solutions to market needs, ZIM is announcing a restructuring of its main services on major trades. The new, enhanced structure provides first-class services in the select trades the company is pursuing. The changes will commence in April 2017, offering customers an array of newly designed services catering to market needs, and providing efficient and viable solutions to customers’ evolving needs.
HMM Looks for Profit in Q1
Hyundai Merchant Marine Co. (HMM) expects its profitability to improve slightly in the first quarter of next year on the back of an improvement in freight rates and its cost-cutting measures, reports Yonhap, quoting its chief executive Yoo Chang-keun. Yoo said the shipping firm will seek to replace outdated ships. "We are planning to place orders for five container ships and three or five oil tankers," he said.
BP's Mad Dog Major FID in Gulf of Mexico
Sole standalone in a sea of tiebacks: BP's Mad Dog is the only major final investment decision (FID) in deepwater Gulf of Mexico this year, says Wood Mackenzie. On 1 December 2016, BP (60.5% and operator) sanctioned the Mad Dog Phase II development in the deepwater Gulf of Mexico (GoM). BP and partners BHP Billiton (23.9%) and Chevron (15.6%) operate the Mad Dog field, which began production in January 2005.
Leviathan Partners to Start Drilling in Q1 2017
The Leviathan reservoir partners announced on Sunday their plans to begin drilling a new well in the basin during the first quarter of next year, reports The Jerusalem Post. The partners announced today that work will commence in the first quarter of 2017 and a budget of $77 million has been allocated for the drilling. The first stage of the Leviathan drilling will begin immediately after completion of the drilling for the Tamar 8 gas field.
MSC Regulus Collides with Ecuadorian Fishing Boat - 5 Dead
Five people died and six have been reported missing following a collision between MSC Regulus, a box ship operated by Mediterranean Shipping Company (MSC), and the Ecuadorian fishing vessel Don Gerardo II on the border between Ecuador and Peru on December 17, 2016. The victims were all crew members of the fishing vessel. According to reports the two vessels collided just after 5 a.m. Saturday approximately 216 nautical miles southwest of Puntilla de Santa Elena, Ecuador.
HII Awarded $1.4B for LPD 28
Huntington Ingalls Industries, Pascagoula, Mississippi, is being awarded a $1,463,276,000 fixed-price-incentive modification to a previously awarded contract (N00024…
Go Ahead for Brownsville Ship Channel Deepening
President Barack Obama signed into law the Water Resources and Development Act (WRDA) of 2016, authorizing the Brownsville Ship Channel deepening project, making it eligible for federal funding…
Terragon Trash Tech for BigLift Ship
Terragon Environmental Technologies Inc. and Marship Engineering entered into a contract with Zhejiang Ouhua Shipbuilding China to supply a MAGS V8 for the new build vessel mv Happy Sun of Netherlands based BigLift Shipping (a member of the Spliethoff Group). As shipping companies are increasingly under a microscope regarding their emissions to the environment, the decision by BigLift Shipping to chose…
Ice breaking Begins in Great Lakes
U.S. Coast Guard Sector Sault Sainte Marie commenced Operation Taconite Monday in response to developing ice conditions in the commercial ports of western Lake Superior and the St Marys River. Operation Taconite is the Coast Guard’s largest domestic ice-breaking operation, encompassing Lake Superior, the St. Mary’s River, the Straits of Mackinac and Lake Michigan. As a result of the operation, certain…
Refiners Prep for Low Sulfur Diesel Demand
Even if the diesel engine's scandal-driven fall from grace pushes it out of the world's passenger cars, an increasing need for it on ships, in trucks and heavy industry…
BV Helps to ‘de-risk’ Marine Renewable Energy Tech
Bureau Veritas has published a set of guidelines, NI 631 “Certification Scheme for Marine Renewable Energy Technologies”, addressing a broad spectrum of the needs of marine renewable energy (MRE) businesses and projects. ‘The marine renewables sector is growing in importance and the complexities are increasing as the sector continues to mature’, comments Matthieu de Tugny, Senior Vice President, Offshore, Bureau Veritas.
Oil Steady, Supply Outlook Unclear
Oil prices were little changed on Monday, with little news to influence a market waiting to see whether U.S. production from shale fields will grow enough to offset planned output cuts by OPEC…
U.S. Sees China Returning Drone Soon
The United States expects China to return an underwater drone "relatively soon" after a Chinese naval vessel seized it in the South China Sea last week, triggering U.S. protests, two U.S.
Huntington Ingalls Industries Delivers DDG 113
The John Finn (DDG 113) destroyer was delivered to the United States Navy by Huntington Ingalls Industries on December 7, 2016, the 75th anniversary of the attack on Pearl Harbor. Powered by GE’s Marine Solutions’ LM2500 marine gas turbines, the ship’s namesake helped shoot down Japanese warplanes during the attack and was the first Medal of Honor recipient of World War II. "GE is proud that our LM2500…
BIW: $126m Deal to Modernize DDG 51's
The U.S. Navy has awarded General Dynamics Bath Iron Works, a subsidiary of General Dynamics (NYSE: GD), a $126 million contract extension to manage ongoing post…
GE Blog: Navigating through the Rough Seas
No two days in the navy are the same. Whether teams are facing a humanitarian mission, complex manoeuvres or a training exercise, navy recruits must be prepared for all eventualities, pushing their bodies and minds to the limits of their abilities. The same is true of navy fleets. While it is not always possible for operations to know what mission they will be faced with in the future, predicting a potential failure of an asset and maintenance need of individual ships…
Kineteco Expands Distributor Network
Kineteco International, a U.K. spring starter manufacturer, appointed a new European and Russian distributor to push export sales. Kineteco added Hatraco, a Netherlands-based supply company, which will be tasked with increasing sales and raising Kineteco’s profile across continental Europe and Russia, aside from the Benelux countries. This deal follows the earlier appointments of Atlantic Diesel Services (ADS) as UK distributor and Kemper en Van Twist (KVT) for the Netherlands…
Albert Takes the Helm at VT Halter
Paul J. Albert has been appointed as the President and CEO for VT Halter Marine, effective immediately. “Paul's proven leadership and operational skills in managing complex shipbuilding projects makes him the right choice to lead VT Halter Marine. We are confident in his ability to grow the company while maintaining its reputation as one of the most innovative shipbuilding companies in the United States,” said Admiral Bill Landay, Chairman of the VT Halter Marine Board.