Five Mariners Reunite With Their Rescuers
Five mariners rescued April 15 by the U.S. Coast Guard reunited with their rescuers Thursday in Clearwater, Fla. Various members from Coast Guard Sector St. Petersburg, Station Yankeetown and Air Station Clearwater attended the reunion, shook hands with the mariners and swapped stories about the rescue. āItās not that often that we get to meet the folks that we were able to render assistance to,ā said Cmdr. Randall Brown, the search-and-rescue mission coordinator for the April 15 rescue.
Australia Plans to Limit LNG Exports
Australia's conservative government unveiled a radical plan on Thursday to restrict exports of liquefied natural gas (LNG) at times when domestic shortages push up local prices, aiming to ease soaring energy costs for local manufacturers. The plan would allow Australia's resources minister to impose controls on LNG exports on advice from the market operator and regulator, as the government seeks to cap domestic gas prices, which have become a political hot potato. "It's not a threat.
Louisiana Cat Expands in New Iberia
Louisiana Gov. John Bel Edwards and General Product Support Manager Troy Matherne of Louisiana Machinery Company announced the company will add 60 jobs and expand its New Iberia operations.
Libya Captures Oil-smuggling Tankers after Firefight
Libyan naval forces captured two vessels suspected of smuggling oil from the North African country after gun battles lasting several hours west of the capital Tripoliā¦
Diana Charters out Sagitta to Hapag-Lloyd
Diana Containerships Inc. announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Hapag-Lloyd AG, Hamburg, for one of its Panamax container vessels, the MV Sagitta. The gross charter rate is $9,500 per day, minus a 1.25 percent commission paid to third parties, for a period of up to minimum July 7, 2017 to maximum August 15, 2017. The charter is expected to commence on May 12, 2017. Sagitta is a 3,426 TEU container vessel built in 2010.
Op/Ed: Trump Signals New Day for Offshore Energy
National Ocean Industries Association president Randall Luthi weighs in on President Trumpās Executive Order on offshore energy. Itās a new day and a new attitude for American energy. The National Ocean Industries Association (NOIA) applauds President Donald Trumpās Executive Order recognizing the vital role of offshore energy in an overall national energy policy. The Energy Information Administration (EIA) predicts that in the year 2040ā¦
Marshall Islands Court Sets Date for Frontline Case against DHT
Oil tanker firm Frontline said on Friday the high court in the Marshall Islands has agreed to hear on May 17 its complaint against takeover target DHT Holdings, which is incorporated in the remote Pacific republic, over a rival deal with BW Offshore. Frontline, controlled by Norwegian-born billionaire John Fredriksen and owner of a 14.5 percent stake in DHT, has been trying for the past year to takeā¦
Seattle Kicks Off Its Biggest Cruise Season
The Port of Seattle has kicked off its biggest cruise season yet with more than one million revenue passengers on 218 vessels, making Seattle the biggest cruise port on the West Coast. The cruise industry in Seattle is responsible for over $500 million in economic impact to the region, providing more than 4,000 jobs and $18.9 million in state and local taxes, with each homeported vessel generating $2.7 million to the local economy.
DOF Takes Over Canadian Subsea Shipping Company
Norwayās DOF Subsea AS said it has purchased the remaining shares in Canadian Subsea Shipping Company AS. Before the transaction, DOF Subsea AS owned 45 percent of the shares in the company.
Saipem Teams Up with Italy Railways in Russia Project Bid
Saipem has teamed up with Italy's state railways to bid for work on a Russian high-speed train project as the Italian oil engineering and contracting firm seeksā¦
Lower Rates for Bigger Vessels Drag Baltic Index Down
The Baltic Exchange's main sea freight index, tracking rates for ships carrying dry bulk commodities, fell for the ninth consecutive session on Friday, weighed down by lower rates for larger vessel segments. The overall index ā which factors in rates for capesize, panamax, supramax and handysize shipping vessels ā fell 25 points, or 2.2 percent, to 1,109. The index registered a weekly decline of about 7 percent.
Lloydās Register Launches Marine Analytics Service
Lloydās Register (LR) has launched its Marine Analytics service with a methodology that will enable companies to obtain value from operational data and connected assets.
Finlandās Oldest Ferry Goes All Electric
From steam to diesel and now electricity: the oldest operating ferry in Finland will tomorrow become the nationās first all-electric passenger vessel after being fitted with Visedo power. The City of Turku will officially re-launch the historic Föri ferry tomorrow, complete with a new zero-emission electric drivetrain that will deliver greater efficiency, less noise and reduced operating costs. The Föri initially entered service in 1904ā¦
REINTJES Launches New Hybrid Step-up Gearbox
Power train specialist REINTJES will demonstrate its new BAE HybriGen Zero system at the Offshore Technology Conference (OTC) in Houston. The recently developed hybrid step-up gearbox for retrofit offers reduced operating costs, reduced emissions and reduced maintenance costs, REINTJES said. This latest product line in REINTJESā portfolio features a front-engine mounted gearbox combined with a permanent magnetic electric generator up to 300 kWe.
Kongsberg Maritime, SES Form Strategic Alliance
Kongsberg Maritime Inc., the North American division of Norway headquartered marine and offshore technology company Kongsberg Maritime, and Houston headquartered Stress Engineering Services (SES) have formed a strategic alliance to better serve existing and new clients with cost effective engineering services and fully integrated technical solutions within offshore drilling and floating production systems.
Tuco Debuts New Light Dive Vessel
Tuco Marine has presented its new vessel dedicated to the diving and subsea market, the ProZero 12m LDV Light Diving Vessel. The boat is designed and optimized to serve as a platform for subsea operations and support of up to three divers. Diving operations include underwater inspection, investigation, construction, repair and maintenance of machinery and structures and recovery of sunken assets. In addition to the large driver and control cabinā¦
BOURBON to Install Mooring for Floating Wind Turbine
French offshore marine services company BOURBON said it has been awarded a contract for the mooring installation of the first floating wind turbine in France atā¦
Maersk to Pay $4 Bln for Hamburg Sud
The world's biggest container shipping company Maersk Line will pay 3.7 billion euros ($4.02 billion) for its acquisition of smaller German rival Hamburg Sud, it said on Friday.
BW Offshore to get FPSO from Keppe
Keppel Shipyard Ltd (Keppel Shipyard), is on track to deliver a Floating Production Storage and Offloading (FPSO) vessel to BW Catcher Limited, a wholly-owned subsidiary of BW Offshore.
Impacts of Bio-fouling
The issue of biofouling has been under the microscope at a series of national workshops delivered by International Maritime Organization (IMO), most recently, a national workshop held in Antananarivoā¦
