Keppel, Sembcorp Merger on the Cards ?
A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might be on the cards, report local media quoting the Development Bank of Singapore (DBS). DBS said that with orders at a trough and expectations for only a modest recovery, a merger of Singapore's two major rigbuilders could create a global giant that is more competitive and resilient.
Helix Energy Cuts Q2 Loss
Oil service company Helix Energy Solutions has narrowed its loss in the second quarter of 2017 backed by increased activity of its well intervention business. Mainly North Sea operations helped narrow the firm’s losses. The group, which controls Aberdeen based Helix Well Ops and Canyon Offshore, reported a net loss of $22.9million for the first six months of the year, compared to $38.5million in the same period last year.
Höegh LNG Secures Financing for FSRU Unit
Höegh LNG Holdings has announced that it has received commitment letters for a US$230 million debt financing for its eighth floating storage and regasification unit (FSRU). The Facility comprises a 12 year export credit agency (ECA) term loan of up to USD 150 million backed by Garantiinstituttet for Eksportkreditt (GIEK) and Eksportkreditt of Norway, and a 5 year non-amortising commercial bank loan of up to USD 80 million funded by ABN AMRO Bank, Danske Bank, Nordea and Swedbank.
Nakilat Ends H12017 with $112 Mln Net Profit
Qatar Gas Transport Company (known as “Nakilat”, which means carriers in Arabic) recorded its financial results for the first half of the year ended June 30, 2017 with a net profit of QR 409 million ($112 million) compared to QR 501 million ($137 million) of the same period last year in 2016. The lower profit was mainly attributed to the lower number of charter hire days in the current period compared to the same period last year (2016 was a leap year)…
Certification for MOL Environmental Management System
Mitsui O.S.K. Lines (MOL) has announced that on July 20, its core dry-cargo ship management company, MOL Ship Management received a new certification of its Environmental Management System ISO14001: 2015 and Energy Management System ISO50001from Nippon Kaiji Kyokai (ClassNK) after undergoing stringent transition audit and renewal audit processes. MOLSHIP acquired ISO14001: 2004 and ISO50001: 2011 certifications at the same time from ClassNK in July 2014 .
USS Constitution Refloated
After a two-year restoration at historic Dry Dock 1 at Charlestown Navy Yard, Boston National Historical Park, America's oldest commissioned warship, USS Constitution was refloated July 23. Since entering dry dock on May 18, 2015, ship restorers from the Naval History and Heritage Command Detachment Boston, and teams of Constitution Sailors have worked tirelessly side-by-side to bring Old Ironsides back to her glory. Captain Robert S.
Nautical Institute Rolls Out Ice Navigator Scheme
The Standard Club has advised its members that at the start of July the Nautical Institute launched its Ice Navigator Scheme. This scheme is designed to help meet the demand for properly trained officers with the skills and knowledge to handle a ship in ice. The scheme is designed to run in conjunction with the Polar Code and builds on STCW requirements. It focuses on the practical elements necessary to handle a ship and manage operations in ice covered waters worldwide…
India: The Admiralty Bill 2017 Gets Upper House Nod
Admiralty (Jurisdiction and Settlement of Maritime Claims) Bill, 2017, introduced during the Winter Session of Indian Parliament came up for discussion in the Rajya Sabha (Upper House) and was passed unanimously by the house. The Bill aims to establish a legal framework for consolidation of related laws to replace the age old archaic laws with modern Indian legislation and to confer admiralty jurisdiction on all High Courts of the coastal states of the country.
Two Windermere Cruise Vessels Repowered
Two passenger service vessels operating at one of the U.K.’s most popular visitor locations have been repowered as part of a regular maintenance program. Royston Power Generation, a long established and authorized Volvo Penta center, has supplied and installed new engines for two diesel motor vessels operated by Windermere Lake Cruises. As part of the works Royston fitted a new Volvo D5 engine to the Queen of the Lake…
Crowley Names Vargas VP, Business Development
Veteran sales executive in ocean transportation and logistics Daniel Vargas has been appointed vice president of international business development to support the Crowley Maritime Corp. liner and logistics services groups. He will work closely with Crowley's new director of logistics in St. Maarten, Jeffrey de la Combe, to bring supply chain solutions for customers and their cargoes originating outside the U.S.
Engineering Entrepreneur Buys Wren Industrial
Merseyside maritime company Wren Industrial & Marine Fabrications has been bought by Merseyside entrepreneur and former member of the Armed Forces Jonathan Willoughby. Bootle-based Wren Industrial has been run for 27 years by husband and wife team David and Helen Wren. It specializes in manufacturing doors, windows and hatches for ships and boats as well as welding and fabrication services primarily in the maritime sector.
BAE Systems Begins Building UK’s Next Warship
BAE Systems said it has begun to build the first of the U.K. Royal Navy’s new Type 26 Global Combat Ships. Sir Michael Fallon MP, U.K. Secretary of State for Defense, visited the builder’s Glasgow shipyard to press the button to officially commence production on the new warship, and during his speech revealed the vessel’s name: Glasgow. This ceremonial event follows the U.K Government’s recent award…
Houston Pilots Train for Post-Panamax Vessels
Members of the Houston Pilots recently participated in two custom-built simulation courses vital to their Pilotage duties in the Houston Ship Channel and the Port of Houston, the largest landlocked Port in America. Each course was two days long, and was provided by the Maritime Simulation Resource Center (MSRC), at their Quebec City, Canada-based facility. The Houston Pilots face a multitude of factors when piloting ships in their waterways…
Study Examines Economic Impact of US Waterways
A study unveiled today documents the contribution of the American tugboat, towboat and barge industry to the U.S. economy. The study, developed through a cooperative agreement between the American Waterways Operators (AWO) and the Maritime Administration (MARAD) and conducted by PricewaterhouseCoopers, explores the industry's economic contributions to employment, gross domestic product and taxes at the national and state levels…
Weeks Marine Orders $60 Mln Cutter Dredger
Weeks Marine Inc. (WMI) has ordered a new $60 million oceangoing, 30-inch hydraulic cutter suction dredge, the JS Chatry. Construction is underway in Belle Chase, La., at C&C Marine and Repair.
New Multi-mission Patrol Boat for Montauk, NY
A new 38-foot multi-mission patrol boat for Montauk, N.Y. will be officially dedicated during a “splash down” ceremony on July 26. Delivered by aluminum boat builder Silver Ships, Inc., the vessel is a multi-agency, multi-mission vessel designed for emergency response and patrol within the Montauk Harbor. The vessel was garnered through the collaborative efforts of the Montauk Fire Department, the East Hampton Town Police Department, East Hampton Town Marine Patrol and the U.S.
Cruise Ship Passengers Evacuated after Blaze on Board
Almost 200 passengers and crew on a cruise along the Danube river had to be evacuated from their vessel on Monday when a blaze broke out on board, the Austrian fire service said.
TORM Buys Resale MR Tankers from GSI
Danish ship owner TORM said it has purchased four resale medium range (MR) tankers from Chinese shipbuilder Guangzhou Shipyard International (GSI), with an option to purchase up to four additional MR vessels. The first four vessels are due for delivery in 2019, and the following four would be delivered in late 2019 – all delivered according to TORM’s specifications. According to TORM Executive Director…
French and Filipino Firms Bid to Operate Bissau Port
French firm Necotrans and the Philippines' International Container Terminal Services submitted bids on Monday to operate Guinea Bissau's main port, the transport minister said…
Workshops Address Burning Issues in a Changing World
A series of one day NEXT GENERATION Workshops are being held 'back to back' at the Grand Harbor hotel and conference venue overlooking the historic port of Southampton, U.K., October 24-26, 2017. The NEXT GEN program combines a group of dynamic international presenters with panel discussions. Opening sessions for each workshop feature expertise from heads of U.K. Border Force and U.K. Ministry of Defense, along with the Design and Engineering team from U.K. search and rescue provider the RNLI.