Heavy Lifting Lift off?
Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally, according to a report by Douglas-Westwood. "The number of fixed assets installed in 2017 is expected to be c.45% less than 2014 levels. This has resulted in…
USCG Recognizes Houston Pilots
RADM David Callahan for the US Coast Guard (USCG) 8th District presented Meritorious Public Service Awards to two Houston Pilots - Captains Michael McGee and Michael Phiilips - for their bravery last September aboard the crippled and burning tanker AFRAMAX RIVER. The USCG ceremony highlighted the fifth annual meeting of the Lone Star Harbor Safety Committee, announced Captain Robert M. Shearon, presiding officer -- Houston Pilots.
Diana Containerships Reports 4Q Loss
Greece-based Diana Containerships has reported a net loss of $8.5 million for the fourth quarter of 2016, compared to a net loss of $8.8 million for the respective period of 2015. On a per-share basis, the company said it had a loss of 92 cents. Losses, adjusted for non-recurring costs, were 66 cents per share. The loss for the fourth quarter of 2016 includes $2.4 million of direct sale and other charges associated with the disposal of one vessel…
U.S. Navy Conducts Med Air Strikes
The George H.W. Bush Carrier Strike Group (GHWBCSG) commenced strike missions in support of Operation Inherent Resolve (OIR) from the eastern Mediterranean Sea, Feb. 13. Carrier strike groups demonstrate the mobility, flexibility and power projection capability of the Navy's globally-deployed force - anytime, anywhere. The GHWBCSG operations in the eastern Mediterranean Sea in support of OIR demonstrate the capability of the U.S.
Scorpio Tankers Reports 4Q Loss
Scorpio Tankers has reported a fourth-quarter loss of $29.7 million or a loss of 18 cents per share. The shipping company posted revenue of $106.1 million in the period, also exceeding Street forecasts. Scorpio Tankers sharply reduced its quarterly dividend by 92% to $0.01 from $0.125. For the year, the company reported a loss of $24.9 million, or 15 cents per share, swinging to a loss in the period. Revenue was reported as $522.7 million.
CMA CGM Improves NC Levant Service
CMA CGM has announced the new upgraded service offer NC LEVANT, which directly links the Eastern Mediterranean Sea (Turkey, Egypt, Lebanon) and Northern Europe (Belgium, England, Germany), via Malta, Spain and Italy. The NC Levant service will now provide extended port coverage with a new export call in Tanger Med towards the Levant Sea, and a new import call in Algeciras towards Northern Europe. Transit times offered will be among the best on the market.
Ship Design and Construction Matters
The Sub-Committee on Ship Design and Construction (SDC) meets for its fourth session this week (13-17 February). Key topics on the agenda include the expected finalization of draft explanatory notes to the SOLAS chapter II-1 subdivision and damage stability regulations and the completion of draft interim guidelines for use of fibre reinforced plastic elements within ship structures. Also on the agenda…
Quality Assurance for Maritime Training
Competence is a crucial factor in the shipping business. Through its SeaSkill certification services DNV GL helps owners and operators, maritime training providers and test centres to advance crew training and ensure the highest levels of safety on board. The most sophisticated technologies are of limited use if not operated by people who command the appropriate skills. As maritime technology advances so do the demands on crews.
Marine Propulsion Market Poised for Growth -Report
The marine propulsion engine market was valued at $9 billion in 2015 and is projected to reach $12 billion by 2022, growing at a CAGR of 4.1 percent from 2016 to 2022, according to a new report published by Allied Market Research. Diesel propulsion system segment is expected to maintain its dominance throughout the forecast period. Asia-Pacific accounted for the highest share of 51 percent in 2015, and is anticipated to maintain this trend.
First Steel Cut for Next Italian Navy Newbuilds
A steel cutting ceremony was held for the Italian Navy’s lead Multipurpose Offshore Patrol Ship (PPA) at Fincantieri’s shipyard in Muggiano (La Spezia), officially marking the beginning of construction works on the first unit. The first of seven new builds, the PPA will be delivered in 2021 and it is part of the renewal plan of the operational lines of the Italian Navy vessels, approved by the Government and Parliament and started in May 2015.
Germany to Buy Six Warships
German Defence Minister Ursula von der Leyen has decided to buy six MKS-180 multi-role warships instead of putting off a decision on two of those ships until 2030, her spokesman said on Monday.
US Coast Guard in CRADA with Cox Powertrain
The US Coast Guard has entered into a Cooperative Research and Development Agreement (CRADA) with British diesel engine innovator, Cox Powertrain. The CRADA will evaluate and test the advantages, disadvantages, required technology enhancements, performance, costs and other issues associated with diesel outboard engine technology. There a been a big swell of interest in diesel outboards since NATO introduced its single fuel policy…
Metal Shark Launches New Website
Louisiana-based shipbuilder Metal Shark has announced the launch of its new website. The new metalsharkboats.com features an all new design boasting fresh content, increased functionality, and robust search tools that facilitate navigation within the company’s vast product portfolio. “Metal Shark has expanded its focus to include a diverse range of markets, so we tasked ourselves to create an easily…
Green Award Launches Certification of Inland Passenger Vessels
Green Award, the quality mark for ships that meet the above-industry standards, expands to a new ship type. From 1st of January 2017 the Green Award certificate is available for inland passenger vessels. Green Award certifies sea-going and inland navigation ships that go beyond the industry required standards. Established in 1994 as a certification scheme for sea-going oil tankers, Green Award has…
Germany to Buy Six MKS Multi-Role Warships
Germany's Defence Ministry has decided to buy a total of six MKS-180 multi-role warships instead of four, as initially planned, a ministry spokesman said Monday…
TNPA: Five Tugs Done, Four More to Go
Transnet National Ports Authority’s (TNPA) R1.4 billion tug building contract in Durban continues to create jobs and develop local marine capabilities, with the fifth of the authority’s nine new tugs launched this morning in Durban. The project is now 81% complete and still on track to deliver the ninth and final tug early in 2018, on time and within budget. Five tugs are under construction at any given time at the premises of contractor, Southern African Shipyards.
Furuno Delivers 43 STM Systems
Furuno, will provide 43 ships with Sea Traffic Management-compatible on-board systems. Tero Airissalo, Sales & Marketing Manager at Furuno explains: “Furuno is striving to be among the first with new technology and solutions. We recognize the long-term benefits of STM in the form of higher security and safety, increased efficiency and a good impact on the environment But STM is also beneficial in the near future.
Mein Schiff 1 & 2 Builds Progressing at Meyer Turku
TUI Cruises and Meyer Turku shipyard have jointly designed the New Mein Schiff 1 & 2 to be an evolution on the successful foundation of Mein Schiff 6. Today the…
AAM Wins Hybrid Passenger Vessel Contract
All American Marine, Inc. (AAM), inked a deal for the construction of a new hybrid electric passenger vessel to be delivered to the Red and White Fleet of San Francisco, California. The contract for the new 600 passenger aluminum monohull was signed during the recent annual Maritrends Conference put on by the Passenger Vessel Association. AAM’s latest contract follows an earlier announcement made by…
Douglas-Westwood: Heavy Lifting Lift off?
Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation…