Coast Guard, Air Force Partner on R&D
The U.S. Coast Guard and U.S. Air Force will partner on research and development in several key areas such 3-D printing, Arctic operations, modeling and simulation, cyber research, and satellite technology.Commanding officers from the Coast Guard Research and Development Center (RDC) and the Air Force Research Laboratory (AFRL) signed a joint Memorandum of Understanding (MoU) that allows greater opportunity for RDC and AFRL to work together on projects of mutual benefit.Capt.
Australia’s Largest High-speed Lobster Boat Delivered
Dongara Marine has delivered Australia’s largest capacity high-speed lobster boat, the 85-foot Holdfast.With capacity for 210 baskets or 6.2 metric tons of live lobster, Holdfast is the fourth 20+ meter lobster boat in as many years to be designed by Southerly Designs, joining Ohana (2015), Daydawn (2016), and Gambler (2017).Although not the lead builder for the Daydawn and Gambler projects, Dongara Marine played a key role as the manufacturer of their resin-infused composite wheelhouses.
Cheniere Mulls Third Liquefaction Train at Corpus Christi
U.S. liquefied natural gas (LNG) company Cheniere Energy Inc said it planned to make a final investment decision to build the third liquefaction train at its Corpus Christi LNG export facility in Texas in the first half of 2018:Cheniere said on Friday its Cheniere Corpus Christi Holdings LLC subsidiary engaged financial institutions to arrange up to $6.4 billion of credit facilities. The unit already…
Cyber Incident Response for the Resilient Organization
Even prior to NotPetya, regulatory bodies, insurers, P&I clubs, port authorities, and other segments of the maritime industry started taking steps to minimize the industry’s exposure to cyberattacks.The maritime industry has had an awakening. We have awoken to the fact that digitalization has woven its threads throughout the industry, and we have greatly benefited from being able to operate in an interconnected cyber environment.
BMW Car Engine to Become a Marine Outboard
BMW’s twin turbo, three-liter diesel engine may soon be taking to the water.A pilot study looking for ways to convert the popular car engine for marine use is being carried out by product development specialist Semcon in cooperation with engine manufacturer Cimco Marine.Together, the firms seek to modify and adapt BMW’s three-liter turbo diesel engine for professional marine use, producing the world’s…
Oliver Design to Showcase Projects at Navalia
Oliver Design will be showcasing some of its latest projects on its stand at the Navalia trade fair, which runs from May 22 to 24 , in Vigo, Spain.Recent projects from the Spanish firm, which specializes in naval design and architecture, include new state-of the-art vessels ranging from working vessels to luxury cruise ships. It has also carried out renovation on several existing vessels.The biannual Navalia is one of the top international fairs for the shipbuilding industry.
US Questions COSCO's Long Beach Terminal Takeover
A U.S. national security review has raised concerns about a takeover by China's COSCO Shipping Holdings Co of a large container terminal in Long Beach, California, the Wall Street Journal reported on Friday.The terminal is part of COSCO's planned $6.3 billion deal to buy shipping firm Orient Overseas International Ltd (OOIL) , the Journal reported, citing people familiar with the matter.COSCO executives…
Transneft Rejects Summa's Proposal to Complete Port Deal
Russian oil pipeline monopoly Transneft has rejected a proposal from its rival Summa Group to complete a deal to buy a Novorossiysk Commercial Sea Port (NCSP), a Transneft spokesman said on Monday.If the deal goes ahead it will allow Transneft to take control of Russia's largest port operator. But Transneft said earlier this month it had suspended talks on the deal after the authorities arrested the co-owner of Summa…
Tanker Spills Oil in Louisiana
A Dutch flagged product tanker has reportedly discharged 2,600 gallons of heavy fuel oil into the Mississippi River near Norco, La., Monday. The cause of the spill is under investigation.The U.S. Coast Guard said it is responding to the incident after its watchstanders in New Orleans received a report of the oil discharge from the vessel Iver Exporter at approximately 1 a.m.The source of the discharge near mile marker 126 on the Lower Mississippi River is reported to be secured…
USS Portland Commissioned
The U.S. Navy commission its newest amphibious transport dock ship during a ceremony Saturday, April 21, at the Port of Portland, Marine Terminal 2 in Portland, Ore.Built by Ingalls Shipbuilding in Pascagoula, Miss., USS Portland (LPD 27) is the 11th ship in the San Antonio class designed to support embarking, transporting, and landing elements of more than 800 Marines with both a flight deck, which accommodates CH-53E Sea Stallion…
USCG Cutter Returns with $200 Mln Worth of Cocaine
The crew aboard the U.S. Coast Guard Cutter Steadfast (WMEC-623) returned home Friday to Astoria after a 60-day counternarcotic patrol in the Eastern Pacific Ocean.While patrolling international waters off the coast of Mexico and Central America, Steadfast’s law enforcement boarding teams intercepted and stopped eight separate vessels suspected of smuggling illicit drugs. The eight boardings resulted in the discovery and seizure of approximately 13…
Video: Tugboat Captain Medevaced
The U.S. Coast Guard medevaced an ailing tugboat captain Sunday from the vessel Willy Landers one mile east of Satellite Beach, Fla.Coast Guard watchstanders in Jacksonville, Fla. received a call from a crewmember of the 75-foot towing vessel at approximately 12:30 a.m., stating the 53-year-old captain was experiencing heart attack symptoms.A Coast Guard helicopter crew arrived on scene at 3:15 a.m., hoisted the captain and transported him to Holmes Regional Hospital.
ExxonMobil Rolls Out New Hydraulic Oils
ExxonMobil said its new Mobil SHC Aware HS (Hydraulic System) Series hydraulic oils are specially formulated to offer excellent protection, even in marine operating environments. The oils meet the U.S. Vessel General Permit (VGP) requirements for Environmentally Acceptable Lubricants, making them suited for operators in U.S. inland and coastal waters.According to ExxonMobil , the new oils’ balanced formulation helps to offer a range of performance benefits…
Baltic Index Near 15-week High
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, rose on Monday to near 15-week highs, boosted by rising rates for capesize vessels. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, was up 25 points, or about 2 percent, at 1,306 points, its highest since Jan. 10. The capesize index gained 94 points, or 4.9 percent and hit 2,009 points, its highest in 14 weeks.
Trump's Revenge: US Oil Floods Europe, Hurting OPEC, Russia
U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC's efforts to balance the oil market bear fruit, U.S. producers are reaping the benefits - and flooding Europe with a record amount of crude. Russia paired with the Organization of the Petroleum Exporting Countries last year in cutting oil output jointly by 1.8 million barrels per day (bpd), a deal they…
SSY: Atlantic Capesize Index Gain by 2,041 Points
Shipbrokers Simpson, Spence and Young's Atlantic Capesize Index down by 2,041 points in the week ending Monday to 7,323. "Led by gains on trans-Atlantic routes, the SSY Atlantic Capesize Index to the highest level since the second week of January at 7,323 points, up by 2,041 points week-on-week. The largest weekly increase since 2014. There were strong increases, of $10,000/day and $12,350/day, in the Atlantic round-voyage and fronthaul rates (180k dwt) to $15…
Subsea 7 Makes Hostile Bid for McDermott
Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I).The deal could make Oslo-listed Subsea 7 the market leader in supplying and installing subsea equipment for oil and gas firms with a combined market share of 24 percent, followed by TechnipFMC with 20 percent and Saipem with 15 percent…
China's First Home-built Carrier to Start Sea Trials
China first domestically developed aircraft carrier looks set to begin sea trials after pictures appeared on the Chinese internet on Monday of it leaving its dock in the northeastern port of Dalian.
Alfa Laval's Volume, Profit Both Beat Street
Engineering group Alfa Laval reported quarterly earnings and order intake above market expectations on the back of an upturn in the oil and gas sector on Monday and forecast demand would remain at the same level in the second quarter. The company, a maker of products such as heat exchangers, separators and ballast water treatment equipment, reported order intake of 10.0 billion crowns, above the 9.6 billion seen by analysts.
Attollo Bags Multimillion Jack Up Deals
Attollo Offshore has heralded Q2 by signing multiple multi-million dollar jack up contracts within the oil and gas and renewable energy sectors. The contracts will see the Aberdeen-based company - renowned for its smarter operations of the assets required for late field life, decommissioning, rig-less well intervention, plug and abandonment and offshore wind projects - provide propelled and non-propelled accommodation jack up rigs to operators until the end of 2018.