NYK to Sponsor Shell XPrize Finalist
NYK has agreed to sponsor Team KUROSHIO,* a finalist in the Shell Ocean Discovery XPRIZE competition, by providing the transportation for the team’s unmanned robots, which are being used in this international competition to quickly and accurately map the ocean floor. Team KUROSHIO has participated in this competition over the past three years, and after passing through the technical documentation stage and an actual ocean test in Round 1…
Investments set Oakland Port on growth path
Containerized cargo volume moving through this city is expected to increase 2 percent annually for the next five years. The catalyst for growth: a nearly $700 million injection of capital from outside investors. That’s the message Port of Oakland officials delivered to trade and transportation leaders here this week. “This is good, measured growth that’s not debilitating for our community or our operations…
RB-M: the Coast Guard's Durable Workhorse
Petty Officer 2nd Class Nathan Reynolds stood on a wooden Coast Guard pier looking to the water’s edge at an orange and silver boat used for saving lives and assisting mariners in distress, and bears the numbers 45601, as a small smile appeared on his face. “I’d rather have that boat than any other in the fleet,” he said, admiring its functionality and capability. Reynolds, a Boatswain’s Mate at Station Little Creek…
Exmar Avoids Loss by Selling Vessels
Belgian shipowner Exmar reported a $28 million net profit for the year 2017, on IFRS, compared to $40.4 million in 2016. The Nicolas Savery-led shipowner said that despite the drop, the result has been positively impacted by the sales of vessels including FSRU’s Excelerate, Explorer and Express that have been sold to their charterer, Excelerate Energy. On the FSRU (Floating Storage and Regasification Units) market, several projects have suffered delays or cancelled.
Fred. Olsen Windcarrier, Seacor Team Up for US Offshore Wind Market
Falcon Global, a subsidiary of Seacor Marine Holdings and Fred. Olsen Windcarrier a wholly owned subsidiary of Bonheur ASA announced that they have reached a cooperation agreement whereby each party will exclusively contribute vessels and marine/installation crews to the market and operate a full spread of offshore wind installation and feeder vessels for the US offshore wind market. The Falcon Global…
Emas Offshore's PSV Charter Terminated
Singapore’s Emas Offshore has received a notice from Marina Aquata Shipping to terminate the bareboat charter for one of its leased platform supply vessels (PSVs). The offshore services provider held by Ezra said that Marina Aquata Shipping terminated the bareboat charter of the Lewek Avior PSV. "Ezra Holdings Limited has issued a Guarantee and Indemnity dated 26 April 2011 as guarantor in favour of the Owner in respect of EOPL’s obligations under the Avior Charter.
Shipping Industry Sells Out on Paris Agreement
A call by the shipping industry for governments to compromise on ambition ahead of key UN discussions to reduce maritime emissions actually abandons the goals of the Paris agreement, sustainable transport group Transport & Environment (T&E) has said. It was referring to a statement from International Chamber of Shipping. The International Maritime Organisation (IMO) meets from 3-13 April to adopt an initial greenhouse gas (GHG) strategy for the shipping sector.
Yang Ming Establishes Regional Center for Mediterranean
Taiwanese ocean shipping company Yang Ming Marine Transport Corporation has set up the new regional center in Mediterranean area named Yang Ming(Mediterranean) Marine Services Single-Member Limited Liability Company. The new company will start to provide services on 2nd April 2018 in Piraeus, Greece, and Mr. Ted Wu has officially been appointed as Managing Director for the first term. In light of the impressive economic growth in the Mediterranean region…
Christie Thomas New Vice President at Huntington Ingalls Industries
Huntington Ingalls Industries announced that Christie Thomas has been promoted to vice president of contracts and pricing at its Newport News Shipbuilding division. She will succeed Tom Johnston, who will retire on April 1. Thomas will have overall responsibility for contracts, pricing, and export/import licensing and compliance for the Newport News shipyard and will report to Don Godwin, Newport News’ chief financial officer.
CARENA Acquires New Dock
The Compagnie Abidjanaise de Réparation Navale et de maintenance industrielle (CARENA), subsidiary of the Bolloré Group and the SOFIA Group, just acquired a 3rd dock, enhancing the operational capacity of West Africa’s biggest shipyard. With this new dock, CARENA is increasing its hosting capacity by over 40 %. With this 175-metre-long and 26-metre-wide piece of equipment – a nearly 5 billion CFA Franc…
Twin Disc Rolls Out New HP500 PTO
Twin Disc begins an impressive 2018 by introducing its fourth new rugged and reliable Power Take Off. Built to deliver serious muscle where other PTOs would falter, the hydraulically-actuated HP500 boasts an impressive maximum power rating of 373 kW at 1,800 rpm. It's ideal for driving pumps, grinders, crushers, dredgers, chippers, shredders and heavy-duty drills, plus other severe applications. Twin Disc begins an impressive 2018 by introducing its fourth new rugged and reliable Power Take Off.
ASMAR Shipyards Contracts MELCAL for 2 Cranes for Antartica I
Project “Antarctica I”, a modern Antarctic ship for Chile, will be built at ASMAR Shipyard, under commission of the Chilean Navy. The polar class vessel will be the first one of this type built in Latin America and will support the development of scientific studies according to the Navy’s Program, Research and Development Department. MELCAL, a dynamic engineering, research and manufacturing company…
Shipbuilder HII Names Thomas VP Pricing, Contracts
Huntington Ingalls Industries said that Christie Thomas was promoted to vice president of contracts and pricing at its Newport News Shipbuilding division. She will succeed Tom Johnston, who will retire on April 1. Thomas will have overall responsibility for contracts, pricing, and export/import licensing and compliance for the Newport News shipyard and will report to Don Godwin, Newport News’ chief financial officer.
China Okays Merger of Two Largest Shipbuilders - Bloomberg
China's cabinet has given preliminary approval to merge the country's two largest shipbuilders, China State Shipbuilding Corp with China Shipbuilding Industry Corp, Bloomberg reported on Friday, citing people familiar with the matter. It said the move, which will create a firm that will dwarf its South Korean rivals such as Hyundai Heavy Industries Co , could still be subject to change as many details needed to be ironed out by ministries and regulators.
GAIL India to get 90 LNG Cargos from U.S. in 2018
India's state-owned GAIL (India) Ltd on Friday said it would be annually receiving about 90 cargoes of liquefied natural gas (LNG) from Sabine Pass and Cove Point LNG terminals in the U.S. GAIL has long-term deals to annually buy 5.8 million tonnes U.S. LNG. GAIL would be procuring about $2 billion worth of LNG per annum from USA from the fiscal year 2018/19. GAIL on Saturday received its first consignment of LNG from the U.S. under the long-term deals at Dabhol terminal in western India.
Mitsui LNG Carrier Named Marvel Falcon
On March 29, a naming ceremony was held at Geoje Shipyard of Samsung Heavy Industries Co., Ltd. in Korea, for new liquefied natural gas (LNG) carrier that NYK has concluded a long time-charter contract with Mitsui & Co. Ltd. At the ceremony, the ship was named “Marvel Falcon” by Mr. Tatsuo Yasunaga, president and chief executive officer of Mitsui & Co., Ltd. and the ceremonial rope holding the vessel in place was cut by Mr. Yasunaga’s wife.
Obangame Express Concludes in Tema
The Ghanaian portion of exercise Obangame Express 2018 (OE18) concluded yesterday in Tema, Ghana, with a closing ceremony. Participants from the Royal Canadian Navy, the German Navy, the U. S. Navy, the Ghanaian Navy and other partner and allied nations were in attendance. The guest of honor was Commodore Jo Kontoh, flag officer commanding, Eastern Naval Command. “I have been a part of Obangame Express exercises since the inception in 2011, said Kontoh.
Transocean Acquires Songa Offshore
Transocean Ltd. announced today that it completed the previously announced compulsory acquisition of the remaining outstanding shares of Songa Offshore SE. All remaining shares in Songa Offshore were transferred to Transocean in accordance with the terms and conditions of the compulsory acquisition. Transocean then settled the compulsory acquisition by delivering Consideration Shares, Exchangeable Bonds and cash consideration, as applicable, to Songa Offshore shareholders.
St. Lawrence Seaway Navigation Season Begins
The St. Lawrence Seaway Management Corporation marked the opening of the Seaway’s 60th navigation season today, with the transit of the newly built Algoma Niagara through Lock 3 on the Welland Canal. State-of-the-art ships such as the Algoma Niagara serve as a key part of the supply chain serving to bolster the competitiveness of North American industry. Over 227,000 jobs are supported by cargo moving over the Great Lakes / Seaway System. Terence Bowles, President and CEO of The St.
BOEM to Review Offshore MA Wind Plans
In support of the President's America-First Offshore Energy Strategy, the Bureau of Ocean Energy Management (BOEM) today announced a Notice of Intent (NOI) to prepare an Environmental Impact Statement (EIS) for the Construction and Operations Plan (COP) submitted by Vineyard Wind LLC that would allow it to construct and operate an 800-megawatt (MW) wind energy facility offshore Massachusetts. The publication of the NOI opens a 30-day public comment period.