World Bank USD375 mln Loan for India's Waterway Project
In a major boost towards realising India's ambitious inland waterways project, the World Bank has approved a $375 million loan for capacity augmentation of National Waterway-1(River Ganga) under Jal Marg Vikas Project (JMVP). The government is developing NW-1 (River Ganga) under JMVP from Haldia to Varanasi (1390 Km) with the technical and financial assistance of the World Bank at an estimated cost of Rs 5369 crore (USD 829 mln).
IMO in China to Share Policies
Addressing over 300 industry experts at the Green Shiptech China Congress 2017 (20-21 April), International Maritime Organization (IMO)'s Heike Deggim briefed the audience on the latest IMO regulations. She drew attention to the global 0.50% sulphur limit from 2020 as a key item on IMO’s environmental agenda. She also outlined other key regulatory moves at IMO which will be the focus in the Marine Environment Protection Committee (MEPC)…
USS Carl Vinson Pilot Ejects Safely at Sea
A pilot safely ejected and was quickly recovered by a helicopter assigned to Helicopter Sea Combat Squadron 4 aboard USS Carl Vinson (CVN 70) while conducting routine flight operations during a transit in the Celebes Sea. The incident occurred as the F/A-18E assigned to Carrier Air Wing 2 was on final approach to Carl Vinson. The incident is currently under investigation. The pilot is being assessed by the medical team aboard Carl Vinson and there are no apparent injuries at this time.
Denmark Aims to be Global Maritime Power Hub
The Danish Government receives recommendations from the Maritime Strategy Team on how to maintain the Danish stronghold as a maritime nation towards 2025. The Maritime Strategy Team, headed by Chairman Jesper Lok, presents its recommendations to the Danish government. The recommendations represent the maritime industry’s input on maintaining and strengthening the industry’s international competitiveness and making Denmark a global maritime power hub.
Indian Navy Fires Brahmos Land Attack Supersonic Cruise Missile
Indian Navy successfully undertook the firing of BrahMos Land Attack Supersonic Cruise Missile from a ship on 21 April 2017. This variant of Long Range BrahMos Missile was fired from Indian Naval Ship Teg, a Guided Missile Frigate, on a target on land. BrahMos Missile has been jointly developed by India and Russia, and its Anti Ship variant has already been inducted into Indian Navy. Majority of the frontline ships of Indian Navy…
Petrobangla, Summit Pact for 2nd LNG Terminal
Bangladesh's State-owned Petrobangla has inked final deals with Summit LNG Terminal Co to development the country's second floating LNG terminal. The Financial Express reported that Summit group will install a Floating Storage and Re-gasification Unit (FSRU) at Moheshkhali Island in the Cox's Bazar. The terminal will have 500 million meter standard cubic feet per day (mmscfd) capacity, which would go on operation after 18 months.
Washington Maritime Economy Grows Stronger -Study
A new report from the Washington Maritime Federation shows strong health of industry, increased average salaries and tremendous opportunity to continue to grow maritime jobs. The Washington State Maritime Sector Economic Impact Study 2017 Update, released at the April 2017 Propeller Club luncheon, updates the seminal 2013 study of the same name and provides a detailed analysis of the positive economic impact of the state’s maritime industry.
ESD Systems Recommended for Oil/Chemical Tankers
OCIMF and CDI release new information paper Linked Ship/Shore Emergency Shutdown Systems for Oil and Chemical Transfers. The information paper, jointly released by CDI and OCIMF on April 21 recommends an Emergency Shutdown (ESD) connection that will link ship and terminal ESD systems, so that manual activation by the terminal or ship will stop cargo transfer operations. “Linked ship/shore ESD systems have been a standard safety feature of LNG transfer operations for many years…
Newark Container Terminal Handles Record Volumes
Port Newark Container Terminal (PNCT) handled a record number of container volumes without disruption to its customers following its January 2017 upgrade to the N4 terminal system. The move to Navis N4 is part of PNCT’s $500 million infrastructure modernization project that is expected to nearly double the terminal’s capacity by 2019. Located within the Port of New York and New Jersey—the largest port…
Seattle/Tacoma Box Volumes Rise in March
Total domestic and international container volumes at the Port of Seattle and Port of Tacoma increased by more than 14 percent for the month of March, and year-to-date volumes were up 10 percent. March international container volumes performed strongly post-Lunar New Year. At 120,018 TEUs (20-foot equivalent units), full imports grew almost 26 percent compared to March 2016. At 99,603 TEUs, full exports were up more than 9 percent in March, making it the strongest month for exports this year.
DCNS to Build Next French Naval Frigates
DCNS said it has been awarded a contract from the French Defense Ministry for the development and construction of five intermediate-size frigates (FTIs) intended for the French Navy. DCNS will propose a French version of its new BELH@RRA frigate. The first of the five frigates from this French Defense Procurement Agency (DGA)-managed program should be delivered in 2023 with an entry into active service in 2025.
Apply Now for the MN100
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.
Global Opens New Alaska Office
Global Diving & Salvage, Inc. has expanded its regional operations with the addition of a new office in Juneau, Alaska. The new Juneau office will support southeast…
Why Attend the Ferry Safety & Technology Conference?
The Worldwide Ferry Safety Association (WFSA) will host its upcoming Ferry Safety and Technology Conference May 11 and 12 in downtown New York. Besides the awards to winners of the Ferry Design Competition, there are many reasons to attend the conference. Below are a dozen. 1 - Learn about innovative new ferry systems in Africa, Asia and North America – ferry systems from which we can learn and that will need safety, communications, IT, training – equipment and services.
ABS Wins Great Lakes Towing SubM Contract
ABS said it has been awarded a Third Party Organization (TPO) contract by The Great Lakes Towing Company (GLT) to support compliance with the United States Coast Guard (USCG) Subchapter M regulations. “Every organization operating towing vessels in U.S. inland waterways will have to comply with Subchapter M,” said ABS Americas Division President Jamie Smith. The recently signed contract with GLT, which is a member of the American Waterways Operators (AWO)…
Germany Vows to Reach 'Fair Contract' for New Warships
German Defence Minister Ursula von der Leyen vowed on Friday to press a consortium led by Luerssen Werft of Bremen for a "fair contract" for five new warships, saying…
New Horizons: Cruise Industry Challenges & Solutions for 2017
Approximately 130 million Chinese citizens travel internationally, making China the world’s largest outbound travel market in the world. With one-sixth of the world’s population, many recognize this country as a market with huge potential. Until a few years ago, travel by ship was a common mode of transport, but China’s rapid economic evolution has attracted more people to leisure travel opportunities and the luxury holiday experience cruise liners can offer.
OPTECH South 2017: Littoral Challenges in Colombia
Naval experts from around the world are meeting in Cartagena, Colombia, for the Operations and Technology (OPTECH) South 2017 conference. The event is being conducted by the U.S. Naval Postgraduate School’s (NPS) Littoral Operations Center (LOC), supported by the Office of Naval Research-Global and the Colombian Naval Science and Technology Office and Swedish defense company Saab. The littoral is the complex “near shore” environment where hydrography…
Polarcus Amani Delivered to Sovcomflot
A 5.5 year bareboat charter agreement between Polarcus Limited Norwegian subsidiary Polarcus Amani AS and SCF GEO AS (Sovcomflot) has been signed, and the vessel delivered to Sovcomflot in Bergen. The vessel was delivered without streamers, providing the Polarcus fleet with one excess streamer package, which the company said will significantly reduce its capital expenditure requirements through 2017 and 2018.
South Korean Tender Stirs LNG Market
Asian spot LNG prices jumped this week, buoyed by hopes Korea Gas Corp's new tender would match past buying sprees and by emerging demand from China and Japan. Spot prices for June delivery rose to $5.70 per million British thermal units (mmBtu), a 20 cent jump over last week, but traders cited sharply divergent views on pricing, saying the disagreements contributed to market inertia. Still, Korea…