Hyundai Heavy Union on Path to Strike
The labor unions of Hyundai Heavy Industries (HHI) downed tools in their first full strike since 1994, in protest to a sweeping restructuring plan that includes spinoff all non-shipbuilding operations as well as shutdown of a dock in Gunsan in southern coastal region. According to Yonhap News Agency reports the other reason for the industrial strike was failed wage negotiations. Although 15,000 union members were invited to take part in the eight-hour strike…
"K" Line Joins Indian National Shipowner's Association
"K" Line (India) Shipping Private Ltd (KLISP), affiliated company of Kawasaki Kisen Kaisha Ltd., joined Indian National Shipowner's Association(INSA) at the end of January 2017. KLISP was established in 2014 and actively participates in Indian Coastal Trade as well as International Trade business as an Indian Shipping company. In the same year, KLISP successfully entered into a long-term CVC contract with an Indian Charterer.
Fosmax Mulls LNG Bunkering at Fos Cavaou
France's Fosmax LNG has announced that it is considering making short/medium-term investments to modify its existing facilities to make them capable of receiving both existing and planned small scale LNG vessels at the Fos Cavaou LNG terminal, near Marseille. Fosmax, a unit of Engie’s Elengy, says that while the use of small-scale Liquefied Natural Gas (LNG) is generally growing as both a marine and road fuel…
NAVADMIN Soliciting Sailors for RDC Duty
The Navy is recruiting Sailors to become recruit division commanders (RDCs) at Recruit Training Command, the Navy's only boot camp, and Officer Training Command, as announced in the NAVADMIN 042/17 message, released Feb. 23. Chief of Naval Personnel, Vice Adm. R. P. Burke, in the message calls on Navy leadership to canvass their top-quality enlisted personnel and encourage them to consider RDC as their next shore duty choice. The job of an RDC is not easy shore duty.
ASV Global to demonstrate C-Worker 5 ASV at Ocean Business exhibition
ASV Global has announced it will be demonstrating its C-Worker 5 Autonomous Surface Vehicle (ASV) at the Ocean Business exhibition in Southampton, 4-6 April 2017. Designed, built, and operated by ASV Global, C-Worker 5 is the ideal platform to support construction and survey operations in combination with cutting-edge hydrographic, positioning and communication systems from leading manufacturers such as Kongsberg Maritime.
Two rescued from Galveston Jetty
A Coast Guard aircrew plucked 2 men from the south Galveston Jetty Saturday morning, after their sailboat lost steering and ran into the rocks. At 9:06 a.m., the crew of the 27-foot sailboat called Coast Guard Sector Houston-Galveston watchstanders for help. While they were on the phone, the sailboat’s anchor line parted and they were headed for the rocks with 15 to 20-knot winds. The watchstanders sent a Station Galveston boat crew to assist them…
Wary of Trump unpredictability, China ramps up naval abilities
* China still lags U.S. BEIJING, Feb 26 (Reuters) - The PLA Navy is likely to secure significant new funding in China's upcoming defence budget as Beijing seeks to check U.S. dominance of the high seas and step up its own projection of power around the globe. China's navy has been taking an increasingly prominent role in recent months, with a rising star admiral taking command, its first aircraft carrier sailing around self-ruled Taiwan and new Chinese warships popping up in far-flung places.
BOEM : Potential Cook Inlet Lease Sale
The Bureau of Ocean Energy Management (BOEM) today announced it plans to offer approximately 1.09 million acres in Cook Inlet off Alaska’s southcentral coast in a proposed lease sale this year. Cook Inlet Oil & Gas Lease Sale 244, scheduled to take place in June 2017, would offer 224 blocks toward the northern part of the Cook Inlet Planning Area for leasing. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south.
Iran Stages Massive Navy Drill in Indian Ocean
Amid rising tensions with the US, Iranian naval forces have launched the final stage of a large-scale drill north of the Indian Ocean to enhance their defense capabilities, reports PressTV. Navy Commander Rear Admiral Habibollah Sayyari announced the beginning of the maneuver, code-named Velayat 95, on Sunday. The latest exercise, stretching from the Strait of Hormuz and Oman Sea to north of the Indian Ocean, marks the last phase of war games that started in 2016.
NIMASA Repositions as Global Player
Nigeria would be hosting the 3rd Conference of the Association of Heads of African Maritime Administrations (AAMA Conference) in Abuja, at the Transcorp Hilton Hotel, from 19th -21st of April,2017 in a bid to continue to improve on its role as a global player in the comity of maritime nations. Nigeria Maritime Administration and Safety Agency (NIMASA) director-general Dr. Dakuku Peterside has said…
Rossinavi Launches Endeavour II
Italian yard Rossinavi has launched its new 49.9-metre superyacht Endeavour II during a ceremony attended by 300 guests and shipyard staff. Known as project FR032, the yacht is built entirely out of aluminium to a design by Team 4 Design. Featuring exterior styling by Team For Design, naval architecture by Arrabito and interior décor by Salvagni Architetti, this displacement yacht comprises a total volume of less than 500GT. Up to 10 guests can sleep in the yatch , as well as a crew of 9.
Fewer Bunkers in Rotterdam in 2016
In 2016 the sale of bunker oil - fuel for shipping - in the Rotterdam bunker port diminished from 10.6 million m3 to 10.1 million m3. There is no reason known for this decline. For the first time, ships bunkered a sea-going vessel with LNG, liquefied natural gas, in Rotterdam. Every year, some 11 million m3 of bunker fuel is supplied to vessels in Rotterdam. In Rotterdam, every imaginable fuel can be obtained in huge quantities.
Milaha Profit Down for 2016
Qatar Navigation (Milaha), a maritime and logistics conglomerate based in Qatar, has reported a net profit of $195 million for the year ended December 31, 2016 compared to $300 million reported the previous year. The fall in the profit was mainly as a result of lower revenue from our Port Services unit, which was affected by a drop in storage and general/bulk cargo revenue, and rate pressure in our Container Shipping unit, which still managed to grow its market share and volumes.
Tanker Market: Sun Sets on Japan Dirty Imports
The Japanese refining industry has been experiencing challenging circumstances for a number of years, with significant rationalisation of refining capacity, according to Weekly Tanker Market Report by Gibson Shipbrokers. Reform in the Japanese refining sector is not a particularly new story; however, in March 2017, a government directive will come into effect, forcing refiners to further boost efficiency, whilst enhancing output of higher value clean products such as diesel and jet fuel.
Austal HY profit slides
Underlying EBIT of $31.2m after excluding arbitration settlement related to 7-year-old claim. Earnings growth from US shipyard. Lower throughput in Australian shipyard, as anticipated. Austal Limited today reported its results for the six months ended 31 December 2016, with a Net Profit After Tax of $9.3 million. Austal’s financial engine room in the USA, delivered a strong turnaround in earnings, with segment EBIT up 53% on the prior corresponding period (“pcp”) to $41.1 million.
Russian flagged vessels in Russia to be managed by V. Group
V.Group has taken its first Russian flagged vessel into full technical management following earlier successful accreditation of the St.Petersburg office from the Russian Register. The ship management services, which will be delivered by V.Ships operations in Limassol and BGI crewing operations in St. Petersburg, are a significant milestone, marking V.Group’s entry into this market. The vessel – UMBA…
MOL, University of Tokyo Graduate School Team up on Project based learning
Mitsui O.S.K. Lines, Ltd. today announced the completion, on Friday, February 10, of this year’s Project Based Learning (“PBL”) program at the University of Tokyo Graduate Program for Mechanical Systems Innovation (GMSI), Research and Education Consortium for Innovation of Advanced Integrated Science (CIAiS) and Global Leader Program for Social Design and Management (GSDM). “PBL”is a program implemented by University of Tokyo Graduate School…
ISS wins global Hurtigruten contract
Inchcape Shipping Services (ISS), the world’s leading maritime and logistics service provider, has won a global port agency contract with Hurtigruten, a world leader in expedition travel. The new business sees ISS providing Hurtigruten with port agency services across the globe for up to four years, as well as helping to support and advise the company with the management of its rapid worldwide expansion plans.
$400 bln of unassessed climate risk in shipping
Today, Carbon War Room (CWR) and UMAS released research that suggests climate transition pathways pose risks to the banks that hold $400 billion of global shipping debt. With the onset of climate policies as soon as 2023, there will be a need for significant capital investment to keep vessels competitive. Navigating Decarbonisation: An approach to evaluate shipping’s risks and opportunities associated…
Multipurpose vessel Adhémar de Saint-Venant launched
AVIC shipyard in Weihai, China launched Jan De Nul Group’s new multipurpose vessel Adhémar de Saint-Venant. The sister vessel, Daniel Bernoulli, will be launched in March 2017. To perform a variety of functions, different mission equipment is available and can be installed on the vessels: subsea rock installation through an inclined fall pipe or a flexible fall pipe; subsea trenching, installation of cables and umbilicals; installation works by means of a heave compensated crane etc ...