Class of ’17 Graduates Ingalls Apprentice Program
Huntington Ingalls Industries’ (HII) Ingalls Shipbuilding division hosted a ceremony on Saturday for 123 graduates of its apprentice program. The class of 2017 graduates represent several classes of shipyard trades. “You are each a vital member of the Ingalls Shipbuilding team that builds the most complex warships the world has ever known,” Ingalls Shipbuilding President Brian Cuccias told the graduates.
13% of Manned Platforms Evacuated in GoM
Offshore oil and gas operators in the Gulf of Mexico have evacuated personnel from 98 production platforms, 13.3 percent of the region’s 737 manned platforms during Tropical Storm Harvey, according to this morning’s data submitted to the Bureau of Safety and Environmental Enforcement (BSEE). BSEE said personnel have been evacuated from five of 10 non-dynamically positioned (DP) rigs currently operating in the Gulf. None of the Gulf’s 21 DP rigs have moved off location.
France Will Make Fresh Proposals on STX Shipyards to Italy
France will make new proposals to Italy with the hope of resolving their differences over the sale and joint control of STX shipyards before a Franco-Italian summit in September, Economy Minister Bruno Le Maire said on Monday. Paris angered Rome last month after it ordered a "temporary" nationalisation of STX, cancelling a deal in which Italy's state-owned Fincantieri and another Italian investor had agreed to buy a 54.6 percent stake.
Singapore, Japan Feasibility Study LNG-Fuelled Car Carriers
To promote LNG bunkering in Asia, the Maritime and Port Authority of Singapore (MPA) and the Ports and Harbours Bureau of the Ministry of Land, Infrastructure, Transport, and Tourism of Japan (MLIT) will helm a working group to conduct a feasibility study on LNG bunkering for car carriers plying between Japan and Singapore. This working group will include Japan’s big three shippers – Kawasaki Kisen Kaisha (K Line), Nippon Yusen Kaisha (NYK) and Mitsui O.S.K. Lines (MOL).
Singamas Back in the Black
Singamas Container Holdings Limited, Hong Kong-listed container manufacturing company, turned around in the first half of this year, thanks to a 45 per cent surge in its revenue mainly due to a jump in container sales and a higher average unit. "During the review period, the recovering global economy, rise in international trade and the corresponding pick up in shipping volume as well as the strengthening market sentiment have been favourable for the container industry…
Bangladesh Navy Chief Visits India
Admiral Nizamuddin Ahmed, Chief of Naval Staff of the Bangladesh Navy is on an official visit to India from 28 to 30 August 2017. The visit is aimed at consolidating bilateral naval relations between India and Bangladesh and to explore new avenues for Naval Cooperation. The Chief of Naval Staff, Bangladesh Navy will hold bilateral discussions with Admiral Sunil Lanba, Chairman Chiefs of Staff Committee and Chief of the Naval Staff and other senior officials of the Indian Navy on 28 August 2017.
IMO Low-Sulfur Requirements to Disrupt Industries
The International Maritime Organization (IMO) recently confirmed that global refiners and shippers must comply with new regulations to reduce the sulfur content in marine bunker fuels by January 2020—five years earlier than many expected. As a result, both the global refining and shipping industries will experience rapid change and significant cost and operational impacts, according to new analysis from IHS Markit, the leading global source of critical information and insight.
DMCA Training for Marine Drivers
The Dubai Maritime City Authority (DMCA) has revealed the growing demand for marine driving licenses in the Emirate of Dubai as reflected by the high volume of applications for marine crews operating within local waters. In response, the DMCA’s Maritime Traffic Management team ensures the Skippers’ Evaluation course being provided to Skippers with a one-hour briefing class on ‘Marine Knowledge for…
Cosco Shipping H1 Net Profit Up 42%
Cosco Shipping International said its net profit rose 42% in the first half of 2017, thanks to higher net exchange gains and net finance income. In the first half of 2017, the global economy saw an upward trend in growth with improving market confidence. The solid economic and trade growth brought about long-awaited signs of recovery for the shipping industry. The rational competition and cooperation…
MOL Joins Blockchain Consortium
Mitsui O.S.K. Lines (MOL) has announced its determination to participate in the "Consortium to develop trade data sharing platform using blockchain technology," in which NTT DATA Corporation serves as the administrative office. The consortium is comprised of 14 trade-related companies such as banking, insurance, total logistics providers and export/import companies. Current trading practices rely heavily on bills of lading and other documents.
Dundee Wants to be a Major Oil and Gas Decommissioning Hub
Forth Ports Limited and AF Offshore Decom UK announced the signing of a Heads of Agreement with the intent to establish a new joint venture, AF Dundee, which will lay the foundations of creating a North Sea oil and gas decommissioning hub in the city of Dundee, with its nucleus at the port. AF Offshore Decom UK, a subsidiary of AF Gruppen, is one of the North Sea’s most respected and prominent decommissioning contractors and operates AF VATS Environmental Base in Norway…
European Gasoline Margins at 4-1/2 Month High
Benchmark European gasoline refining margins spiked nearly 9 percent on Tuesday to their highest since April after more than 2 million barrels per day (bpd) of U.S. refining capacity was knocked offline by Hurricane Harvey. Margins, a measure of the profit that can be made from refining crude into gasoline, hit $15.45 a barrel in morning trade. Harvey knocked out 13 percent of refining capacity in the United States…
Harvey Likely to Linger off Texas Coast
The center of Tropical Storm Harvey is likely to remain just off the coast of Texas through Tuesday night before moving inland over the northwestern Gulf of Mexico on Wednesday, the U.S.
Hapag-Lloyd Posts H1 Operating Profit
German container shipping group Hapag-Lloyd swung to a first-half operating profit as it raised transport volumes and freight rates stabilised, but it still posted a net loss after higher ship fuel costs weighed on first quarter earnings. Profit before interest and tax (EBIT) in the first six months came to 87.3 million euros ($104.55 million), up from a year-earlier loss of 39.7 million, the company said on Tuesday.
ST Electronics, Alpha Ori to Drive Digital Transformation
Singapore Technologies Electronics Limited (ST Electronics) and Alpha Ori Technology Holdings Private Limited (Alpha Ori) has signed a Memorandum of Understanding (MOU) to co-create digitalization solutions for shipborne and shore-based maritime fleet control and management. STARRI (ST-Alpha Ori Reliable & Intelligent platform), a unified, secured and smart data lake platform equipped with communications connectivity…
Baltic Index Inches Down on Capesize, Panamax Rates
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, edged down on Tuesday on lower rates across larger vessel segments. The overall index — which factors in rates for capesize, panamax, supramax and handysize shipping vessels — was down 6 points, or 0.5 percent, at 1,203 points. The capesize index fell 25 points, or 1.04 percent, to 2,381 points. Average daily earnings for capesizes…
OSM Officially On Board Statoil’s Peregrino
Efforts in Brazil are reinforced for OSM with more than 90 specialized offshore positions officially on board the Peregrino. “OSM Brazil have successfully mobilized our crew on board the FPSO Peregrino,” says Tommy Olofsen, Managing Director of OSM Crew Management. OSM Maritime Group (OSM) began its journey with Statoil’s Floating Production Storage Unit (FPSO) Peregrino back in early 2016. However…
FPSO BW Catcher Sails for the North Sea
BW Offshore’s Floating, Production, Storage and Offloading vessel (FPSO) BW Catcher has left deep water anchorage off the Keppel Shipyard in Singapore and is currently…
MacGregor Invests in Software to Drive RoRo Efficiency
MacGregor, part of Cargotec, said it has acquired the rights for a ships efficiency software from Lekven AS to increase RoRo vessels operations efficiency and to drive port call optimization.
Patrol Vessel Delivered to Nigeria's Homeland
A Damen 3307 Patrol Vessel has been delivered to Homeland Integrated Offshore Services Ltd of Lagos, Nigeria, taking its fleet of these craft up to three, with a fourth currently under construction. Guardian 3 along with its sister ships Guardian 1 and Guardian 2 is now providing security and other support services to the international offshore oil companies active off the coast of Nigeria in the Gulf of Guinea, in cooperation with the Nigerian Navy.