Today in U.S. Naval History: February 6
Today in U.S. 1973 - In accordance with the agreement at the Paris Peace Talks, Navy Task Force 78 begins Operation End Sweep, the mine clearance of North Vietnamese waters of mines laid in 1972. For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Ocean Safety Equips Latest Svitzer Workboat
The U.K.âs largest independent safety supplier Ocean Safety has delivered a full safety inventory to the new workboat for Svitzer UK, as part of their ongoing contract to supply and support the U.K. fleet. The new workboat Svitzer Leven is currently undergoing sea trials and will be based and operating on the Tees. The workboat, which will be used to collect marine wastage from ships calling at the port, has been manufactured in Southampton by Southampton Marine Services Ltd. at Ocean Quay.
International Shipholding Returns to New Orleans
Louisiana Governor Bobby Jindal and International Shipholding Corp. President Erik L. Johnsen announced the company will relocate its corporate headquarters from Mobile, Ala., to New Orleans, where the business was founded in 1947. Listed on the New York Stock Exchange as ISH, the company owns and operates a global fleet of waterborne cargo vessels. ISH recorded annual revenue of more than $310 million in its just concluded 2013 fiscal year.
General Dynamics Authorizes Share Repurchases
The board of directors of General Dynamics (NYSE: GD) yesterday authorized management to repurchase up to 20 million shares of the companyâs issued and outstanding common stock on the open market.
Trelleborg Launches Barometer Report Survey
Trelleborg has launched its regular Barometer Report survey, designed to gather the latest insights and opinions from across the marine industry. Port owners, operators, contractors and consultants are invited to tell Trelleborg about their experience, and enter a free draw to win an iPad. Last yearsâ report found infrastructure strained as ports struggled to keep up with new developments such as expanding container trafficâŚ
Stork Double Shortlisted for SPE Awards
Stork has been shortlisted for two awards at this yearâs SPE Offshore Achievement Awards, including the âSafety Innovationâ award for its innovative Extended Breathing Apparatus System (ERBAS) and the âEnvironmentalistâ award for its efficient Sandwash Tank system. Both accolades honour excellence in innovative technological solutions developed in the U.K. for the offshore energy sector. The SafetyâŚ
Uniwise Buys NAUTIS Simulator for OSV Training
For training of Offshore Supply Vessel (OSV) activities within their fleet, Uniwise Offshore Thailand purchased a NAUTIS Offshore Supply Vessel Simulator and Instructor Station.
UMW Orders another Jackup Rig from Keppel
Keppel FELS Limited, a subsidiary of Keppel Offshore & Marine Ltd (Keppel O&M), has secured a contract from UMW Drilling 8 Ltd, a wholly-owned subsidiary of UMW Oil & Gas Corporation Sdn. Bhd., for a KFELS B Class jackup rig worth $218 million (USD). It will be the third KFELS B Class jackup rig for UMW Oil & Gas and is scheduled for delivery in 3Q 2015. The first jackup - UMW NAGA 4 - was delivered in February 2013 and the second - UMW NAGA 5 - is expected to be completed by 2Q 2014.
Videotel, Safebridge Boost ECDIS Training
With ECDIS training continuing to be high on the shipping agenda, Videotel, in conjunction with Safebridge, now offers participants an entry into three times as many type-specific ECDIS modules as its nearest competitor. âWith constant demands for greater flexibility from crew and STCW requirements calling for proficiency in working with the specific type of ECDIS system found on board, bridge personnel have to ensure they have the right training to work on the equipment they are givenâŚ
CH Offshore in 2013 Year-End Financial Doldrums
In their financial statement for the first half ended 31, December 2013, Asia-Pacific offshore AHTS/OSV owners CH Offshore recorded profit after income tax of US$14.099-million, which was 26.8% lower than the profit after income tax of US$19.25 million for the previous corresponding first half ended 31 December 2012 . The following information is extracted from the financial report. As at 31 December 2013, the financial position of the Group remained healthy.
Panama Canal Extension Contractors Deny Halting Work
The Spanish building company, Sacyr, leading the expansion project on the Panama Canal has denied that work at the waterway has been halted despite word to the contrary by the Panama Canal Authority (ACP) reports BBC News. The Panama Canal Authority and the building companies involved are engaged in a dispute over who should foot $1.6bn (£1bn) in extra costs. Citing remarks by president of Sacyr, Manuel Manrique, BBC News report that no date had been set for construction work to stop.
DP World 2013 Container Volumes Continued to Grow
Dubai-based DP World reports that container volumes continued to grow In 2013 with a stronger second half performance across all regions. DP World Limited handled 55 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals during 2013, with gross container volumes growing by 0.7% on a like-for-like 1 basis. The second half of the year delivered a stronger performance with volumes growing 3.6% on the prior period on a like-for-like basis.
BAE Systems Name Tom Arseneault COO of US Subsidiary
BAE Systems announce that Tom Arseneault has been appointed chief operating officer (COO) of BAE Systems, Inc., the U.S. subsidiary of BAE Systems plc. He will serve as deputy to President and CEO Jerry DeMuro and will continue to be a member of the Group Executive Committee. âTom brings a wealth of experience and insight to his expanded position and I look forward to partnering with him to optimize program and business performance across our company,â said DeMuro.
Oregon Offshore Wind Project: Key Step Forward
On the heels of President Obamaâs State of the Union address where he laid out actions to move the economy toward clean energy sources, reduce carbon pollution and create jobs, Secretary of the Interior Sally Jewell has announced an important step forward for the first offshore wind project proposed for federal waters off the West Coast. Governor John Kitzhaber and Bureau of Ocean Energy Management (BOEM) Director Tommy P.
Tru-Marine Houston Joined by Isaac Yohanan
Maritime turbocharger services provider Tru-Marine Group say that Mr. Isaac Yohanan has joined as a General Manager and Director of Tru-Marine Houston LLC. The company inform that Mr. Yohanan will be responsible for Tru-Marine's business and service operation in the US and the Americas focusing on its rapidly expanding presence in the marine and off-shore energy markets in North, South and Central America offering scheduled overhauls, reconditioning and repair services for marine turbochargers.
Baltic Exchange Appoints Jones A-P Director, Singapore
Jones joins the Baltic Exchange from ICAP Shipping Singapore where he was director of sale & purchase. He will replace Philip Williams who retires from the role in April, and he â¨will be based at the Exchange's Singapore office. Baltic Exchange Chief Executive Jeremy Penn said:â¨â¨ âWeâre delighted to welcome Chris Jones to the team. The Baltic Exchangeâs presence has grown significantly in Asia with our Singapore office leading the drive.
Subsea Cranes, Cement Unloader Orders for Cargotec
Cargotec's MacGregor has secured a new IHC Merwede order for subsea cranes, and in Libya Cargotec is to supply a Turkish company with a mobile cement unloader to work ports along the coast. MacGregor, part of Cargotec, has won an order worth around EUR 23 million for six active heave-compensated (AHC) subsea cranes from the Dutch IHC Merwede. The cranes will be installed on three pipe-laying ships destined for the UK headquartered global offshore specialist, Subsea 7.
Tankship Asset Price Forecasting Mysteries Explained
Marine transport advisors, McQuilling Services recently released its 2014-2018 Tanker Market Outlook that forecasts spot freight rates across eight tanker classes and 13 major trading routes. This yearâs edition also includes a forecast of asset prices over the same period for newbuilding, 5-year old and 10-year old tankers in these eight tanker classes. "This note discusses an important element of McQuillingâs forecasting process â the development of tanker supply.
Netherlands Shipyard to Build Ship for China
IHC Merwede says it has been successful in securing orders worth ⏠350 million for a wide range of dredging and offshore vessels and equipment, including a large trailing suction dredger for a Chinese customer. The company's Dredging division has confirmed new contracts for the delivery of a large custom-built trailing suction hopper dredger, with units that will be supplied by IHC Beaver Dredgers as well as a cutter suction dredger training simulator.
Diamond S Shipping Files for $100M IPO
IPO investment firm Renaissance Capital said that Diamond S Shipping Group, a provider of seaborne transportation of refined petroleum and is backed by WL Ross, filed on Tuesday with the SEC to raise up to $100 million in an initial public offering. The Greenwich, Connecticut-based company, which was founded in 2013 and booked $178 million in sales for the fiscal year ended December 31, 2013, plans to list on the NYSE under the symbol DSG.
