Prestige Files for an IPO
Moody's Investors Service said Prestige Cruises International, Inc. , the indirect parent company of Oceania Cruises, Inc. (Oceania - B3, positive) and Seven Seas Cruises S. DER.L.
Moro Accentuates Growth in Port Address
High-tech cranes, bigger ships, cleaner skies and more jobs ― that’s the way Al Moro, Acting Executive Director of the City of Long Beach Harbor Department, summed up the Port of Long Beach’s 2013 and the expectations for the year just started, at Thursday morning’s biggest-ever State of the Port address. Harbor Commission President Doug Drummond introduced Moro with his own hopeful outlook for 2014 during the annual event…
IYC Names its Brokers of the Year
International Yacht Collection (IYC) iannounced that Frank Grzeszczak and Barbara Stork Landeweer are the company’s 2013 Yacht Broker and Charter Brokers of Year, respectively. Representative of a banner year for IYC, both brokers played a pivotal role in promoting the superyacht lifestyle and helping their clients achieve results in the global market. “I have the privilege to again congratulate Frank and Barbara on their exceptional performance,” said Bob Saxon, IYC President.
London P&I Club Renews Warning on Cargo Liquefaction
The London P&I Club said the lifting of an iron ore ban in India, together with the recent total loss of two ships, has put the spotlight once again on the problem of cargo liquefaction.
Ice Warning Issued on the Delaware River
The Captain of the Port (COTP) Delaware Bay is notifying mariners that Ice Condition II has been set. This means there have been reports of ice formation that may…
USCG Urges Caution along California Coast
The Coast Guard is warning boaters to exercise extreme caution while operating along the northern California Coast from Thursday through Friday evening as the National…
Rederiet Stenersen Orders Solasolv Screens
U.K. based Solar Solve Marine received two orders to supply SOLASOLV class approved roller screens from Stenships KS, a subsidiary of Rederiet Stenersen AS, headquartered in Bergen, Norway. Rederiet Stenersen transports liquid products with 17 chemical/product tankers ranging from 17-19,000 DWT deployed in North West European Trade. In December and January the company placed two orders for the M/T Sten Suomi and M/T Sten Bothnia.
State Aid to Saremar Ruled Illegal
After an in-depth investigation, the European Commission has concluded that part of the support measures that Sardinia had granted to the maritime company Saremar…
Maritime Reporter @ 75: The Daily Cartoon
Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry, with a circulation of more than 35,000 worldwide, including ship and boat owners, ship and boat builders, naval architects and marine engineers. Today Maritime Reporter heads a group of four print and 10 websites serving the global maritime, offshore and subsea sector.
Bolideck Future Teak on Deck for Luxury
Standards set by yacht owners for stylish decking that is also environmentally responsible are being matched in the yacht support vessel market. Dutch flooring and…
SHIPPINGInsight 2014: Sept. 30-Oct. 2
Maritime industry executives from around the world will convene in Stamford, Conn., Sept. 30 through Oct. 2, 2014 for SHIPPINGInsight 2014. Entering its third year, SHIPPINGInsight has become established as the premier maritime industry technical forum in North America addressing practical solutions for the challenges facing ship operators. For 2014, the conference organizers are expanding the event with the addition of a dedicated Marine LNG Symposium, Sept.
Today in U.S. Naval History: January 23
Today in U.S. Naval History - January 23 1960 - Bathyscaph Trieste descends to deepest part of the ocean, Marianas Trench 1968 - USS Pueblo seized by North Korean forces in Sea of Japan For more information about naval history, visit the Naval History and Heritage Command website at history.navy.mil.
Survitec Hires Wilkinson as Managing Director
Ross Wilkinson has joined Survitec Group to play a role in promoting worldwide sales growth and developing and maintaining an effective sales distribution and service network for the Crewsaver Commercial and Leisure ranges. Wilkinson joins Survitec from Orolia Limited, where he was General Manager and Maritime Business Unit Manager. Ross also spent twelve years with Navimo, firstly as Director of Sales and then as General Manager of Navimo UK. survitecgroup.com
Keel Laid for First LNG Hybrid Barge
The keel laying of the world’s first LNG hybrid barge took place at a ceremony held at the SAM Shipbuilding & Machinery shipyard in Komárno, Slovakia. In the presence of representatives of the shipyard, AIDA Cruises, Becker Marine Systems and Hybrid Port Energy (a subsidiary of Becker Marine Systems and the barge shipping company), the laying of the keel was carried out following the tradition of placing a coin on the keel block prior to lowering the first section.
New Tools Help Port Management
BMT Asia Pacific (BMT) has launched two comprehensive tools for assessing port competition and managing commercial risk. The Port Choice Model and Port 360° evaluate the competitive advantage of a given port within its environment. Developed by BMT following years of academic research and professional consultancy assisting governments and stakeholders, the tools uniquely apply both quantitative and qualitative methodology and measure a spectrum of criteria…
Gov. Christie Signs Bill to End Cargo Fees
Yesterday, New Jersey Governor Chris Christie signed S2747/A4170 into law. This legislation, which received unanimous bipartisan support from the entire legislature, will eliminate the Port of New York & New Jersey (PANYNJ) cargo facility fee. In 2011, the PANYNJ became the only port agency in the country to impose a cargo facility charge on all containers, including empties. The fee charged is $4.95 for 20-foot containers, $9.90 for 40-containers, and $1.11 per unit for vehicle cargo.
Noble Reports 2013 Results
Noble Corporation has reported fourth quarter 2013 net income of $174 million, or $0.68 per diluted share. Results for the fourth quarter included an after tax charge of $36 million, or $0.14 per diluted share, relating to an impairment taken on the FPSO Seillean. Excluding the impairment charge, net income for the fourth quarter would have totaled $210 million, or $0.82 per diluted share. For the third quarter of 2013…
Vulkan RATO for Submarine Test Rig
For decades, Vulkan has been a supplier of couplings, not only for Brazilian offshore industry, but also for military applications. Here business mainly focused on conventional drives such as diesel-electric systems for military ships and submarines. Now Vulkan is positioning itself on the Brazilian market as a system solution provider for nuclear propulsion and supply the Centro Experimental Aramar in Iperó with a RATO S 731T and 14 elastic mounts.
Container, Cruise Records at Marseilles Fos amid Oil Slump
Total 2013 throughput at Marseilles Fos confirmed containers, steel industry bulks, LNG and cruise traffic as the growth drivers at the French port. In contrast, a mounting decline in crude oil and petroleum volumes pegged overall cargo to 80 million metric tons for the year, down 7% on 2012. Oil and gas still accounts for more than half the cargo handled at one of the world’s biggest oil ports, but volumes have been eroded by the restructuring of Europe’s refinery industry.
ISS Opens Nigeria Office
Inchcape Shipping Services (ISS) said it has strengthened its presence in the Niger Delta with the opening of an office on Bonny Island, Rivers State, Nigeria. The office…