Hyundai Heavy Back in the Black
The South Korean shipbuilder Hyundai Heavy Industries (HHI) has reported a net profit of KRW 682.3 billion (USD 596.6 million) for the full year of 2016, returning from a loss of KRW 1.36 trillion (USD 1.18 billion) seen in the full year 2015. Operating profit for 2016 totaled 1.64 trillion won, up from a loss of 1.54 trillion won for 2015. HHI also announced consolidated 4Q 2016 results. During the…
Marine Contracts Hits Low, Says Wartsila's CEO
In the marine markets, contracting activity fell to an exceptionally low level, Jaakko Eskola, President & CEO, Wärtsilä said in the annual report 2016. The majority of the volume decline was seen in the shipping industry, where overcapacity and low earnings remain the key challenges. Low oil prices and reduced capital expenditures from oil companies continued to limit demand also in the offshore industry.
India Spends $ 20 mln towards Clean, Green Ports
Under the Green Port Initiative (Swachh Bharat Abhiyan), the shipping ministry of India has identified 12 activities to make the Major Ports more clean and green from the environment perspective, stated the Minister of State for Shipping Pon. Radhakrishnan. These initiatives include preparation of Environment Management & Monitoring Plan (EMMP), provision of equipment to monitor environmental pollution…
DNV GL’s New Veracity Industry Platform Unlocks Potential of Big Data
DNV GL is launching a new industry data platform – “Veracity” – to help the maritime industry improve its profitability and explore new business models through digitalization. The Veracity industry data platform is designed to help companies improve data quality and manage the ownership, security, sharing and use of data. By creating frictionless connections between data owners and users, the platform will create new opportunities for improving ship performance and safety…
New Bill to Enrol Non-Mechanical Propelled Vessels in India
Jal Marg Vikas Project (JMVP) being implemented with technical and financial assistance of the World Bank envisages preparation of Disaster Management Plan (DMP) and Emergency Management Plan (EMP) to take care of the activities like navigation, terminal & jetty operation, oil spill, disaster contingency etc. after the commissioning of the project and while operating cargo and passengers vessels on National Waterway-1 (NW-1).
Wilhelmsen Reports Positive Results
2016 ended for Wilh. Wilhelmsen with an improvement in transported volumes, which had a positive effect on total income for the fourth quarter. Adjusted for non-recurring items, WWASA also recorded an uplift in operating profit. Rate pressure continues, but the group expects soft volume recovery in the first half of 2017. Total income for the fourth quarter was USD 450 million, up 8% from USD 418 million in the third quarter.
Ship Breaking Hazardous Waste Disposed off Safely at Alang Yard
All the hazardous waste generated in ship recycling at Alang are being disposed off in safe and environmentally sound manner in Gujarat Pollution Control Board authorized Treatment, Storage and Disposal Facility (TSDF) site operated by Gujarat Maritime Board. Landfills are constructed as per the Guidelines of Central Pollution Control Board and provided with liner system in bottom which prevents leachate to percolate to the sub-soil.
Viega Debuts ProPress Zero Lead Ball Valves
Viega has introduced its line of Viega ProPress Zero Lead Ball Valve press x hose thread for copper fittings. The bronze ball valves are full port and designed for potable water applications. The ball valves are available in 1/2" and 3/4" press sizes and 3/4" hose sizes. Other features include a lockable metal handle, stainless steel ball and EPDM sealing element. The Viega ProPress for copper system is available in more than 600 fitting configurations, in sizes ranging from 1/2" to 4".
First US-built Rotortug Enters Service
The first U.S.-built Rotortug, ART Trident, has undergone trials and is now in service. Designed by Robert Allan Ltd., and designated as an ART 80-98US, she was built by Master Boat Builders in Bayou La Batre, Ala., and is the first in a series of three being constructed for Seabulk Towing of Ft. Lauderdale, Fla. The ART (Advanced Rotortug) designation applies to Robert Allan Ltd. designed tugs featuring the triple Z-drive configuration, originally conceived and developed by Rotortug (KST) B.V.
NTSB Reports on Safety Risks in Shared Waterways
The National Transportation Safety Board issued a report Thursday identifying the risks associated with the shared use of America’s Marine Transportation System by recreational and commercial vessels. The growth of both commercial and recreational vessel traffic during the last several decades is a significant risk factor. The number of canoers, kayakers and standup paddleboarders increased by nearly 22 percent between 2008 and 2014.
Rickmers-Linie Sold to ZEABORN
Marking further consolidation in the breakbulk and project cargo sector, Rickmers Group said it has sold its business operations of Rickmers-Linie to ZEABORN. Rickmers-Linie GmbH & Cie. KG and MCC Marine Consulting & Contracting GmbH & Cie. KG, which are both fully-owned by Rickmers Holding AG, reached agreement to sell their respective operating businesses to ZEABORN Chartering GmbH & Co. KG on February 7, 2017.
Navigational Changes Needed at Port of Hamburg
“The Federal Administrative Court in Leipzig has expressly underlined the necessity for the adjustment of the navigation channel with its decision today,” says Jens…
The MN100 Edition is Coming
The August 2017 edition of Marine News, the leading voice in the North American workboat market, will feature 100 leaders and innovators, including workboat owners and operators, workboat builders and repairers, and product and service providers. Is your firm a top 100 workboat, brown water or inland enterprise? Participation is free, but to be considered you must apply at the link below.
US Imports Growing in First Half of 2017
Imports at the nation’s major retail container ports are expected to increase 4.6 percent during the first half of 2017 over the same period last year as the nation’s economy improves and retail sales continue to grow, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates. “This is very much in line with what we are forecasting for retail sales and consumer spending this year…
Trump, Trudeau to Discuss Trade on Monday
President Donald Trump will host Canadian Prime Minister Justin Trudeau on Monday, the White House said on Thursday, a meeting in which trade and a major crude oil…
Venezuela Delays Crude Shipments amid Operational Mishaps, Low Output
Venezuelan state oil company PDVSA has delayed and canceled crude deliveries to commercial partners in recent months, according to documents seen by Reuters, a further…
Tugboat Spills Oil in Halifax River
The U.S. Coast Guard is conducted a first-light assessment survey Thursday of a tugboat oil spill on the Halifax River near Ormond-by-the-Sea. The tug Tutahaca was reported to be leaking bilge oil into the river Wednesday. A Coast Guard Air Station Savannah MH-65 Dolphin helicopter crew was directed to launch to conduct an overflight assessment survey of the river. Marine Environmental Response and Sea Tow arrived on scene with the tugboat at approximately 11 p.m.
Australia’s New Ship Simulation Center Opened
A new specialist Ship Simulation Center, based in Atwell Arcade, Fremantle, was officially opened on Thursday, February 9, 2017 by City of Fremantle Mayor Dr. Brad Pettitt. The Australia Ship Simulation Center, owned and operated by HR Wallingford, has moved into new premises from where it will continue to provide expert navigation consultancy and a dedicated pilot training center for Western Australia and the wider region. HR Wallingford UK’s Chief Executive, Dr. Bruce Tomlinson and Dr.
Prosafe Taps Andresen as CEO
Semi-submersible accommodation vessels owner and operator Prosafe has made several changes to its management team. Jesper Kragh Andresen was appointed as Chief Executive Officer (CEO), and Stig H. Christiansen as Deputy CEO and Chief Financial Officer (CFO) of Prosafe Management AS. Georgina Georgiou will continue as General Manager of the parent company Prosafe SE. From 2012 and until recently, Andresen was CEO in Axis Offshore.
Coast Guard Sees Hawaii Illegal Charters Increase
In the last 24 hours, the Coast Guard has identified two tour boats operating illegally out of Pohoiki Boat Ramp and is ramping up enforcement in response to a perceived…