OceanWorks Receives Highest Marks from USN
OceanWorks International has again been authorized by the U.S. Navyās Naval Sea Systems Command (NAVSEA) Note 5000 to perform Deep Submergence Systems Scope of Certification (DSS SOC) work in support of designated submarine rescue and intervention systems. The authorization is a renewal of the existing Note 5000 authorization which has been held by OceanWorks International since September 8th, 2011.
FGH Expands Marine Insurance Capabilities
Fidelis Group Holdings LLC Announces Additional Excess Marine Liability Capacity For The Maritime Industry. Fidelis Group Holdings LLC (FGH) through its subsidiary company Continental Underwriters, Ltd., a leader in providing Marine Insurance coverages and services, announced today details of their new $25,000,000 Excess Marine Liability facility for the maritime industry. The insurer for the program is Houston Casualty Company (NYSE: HCC) rated A+ by A.M. Best.
Vendée Globe, Everest of Yachtsmanship, Underway
The Vendée Globe 2012-2013, is a round-the-world single-handed yacht race, sailed non-stop and without assistance, a serious test of endurance. The race started last Saturday and finishes in Les Sables-d'Olonne , in the Vendée département of France ; both Les Sables dāOlonne and the Vendée Conseil Général are official race sponsors. The course is essentially a circumnavigation along the clipper route : from Les Sables dāOlonneā¦
Buccaneer Updates Alaska Jack-up Rig Work Progress
Work on the 'Endeavour' rig by local contractors in Homer nears completion prior to deployment for shallow water drilling off Alsaska coast. Before its acquisition in November 15, 2011, the Endeavour had been idle for several years, and Buccaneer and its venture partners, AIDEA and Ezion, deemed it necessary to complete extensive upgrades and repairs to ensure that the rig was ready for safe, long-term operations in Alaska.
MTN Renews Cruise Line Communications Contract
MTN Satellite Communications (MTN) contract with Norwegian Cruise Line extended 5 years. The contract is for VSAT communications, crew calling, Internet services, access to MTN Worldwide TVā¢ and related services around the globe. MTN will continue to provide its communications solutions to the entire Norwegian fleet, including its newest ships, Norwegian Breakaway and Norwegian Getaway, launching in 2013 and 2014 respectively.
OceanWorks USN Authorized for DSS SOC Work
OceanWorks International again receives authorization from U.S. Navy to perform Deep Submergence Systems Scope of Certification (DSS SOC) work. OceanWorks International has again been authorized by the U.S. Navyās Naval Sea Systems Command (NAVSEA) Note 5000 to perform DSS SOC work in support of designated submarine rescue and intervention systems. The authorization is a renewal of the existing Note 5000 authorization which has been held by OceanWorks International since September 8th, 2011.
Fold-up Boat 'QuickBoat' Goes Commercial
Australia's Quickboats Pty Ltd enters commercialization phase for its award-winning folding boat. Just one month after officially commencing operations, Australian company Quickboat Holdings Pty Ltd is now focused on the commercialization of its folding boat that is globally unrivaled in design, quality and price. Quickboats are uniquely designed folding boats that can be assembled in less than one minute.
CIT Launch Maritime Finance Business, Appoint MD
The new company, CIT Maritime Finance will originate & underwrite blue water vessel financing & its managing director is Svein Engh. CIT Maritime Finance will offer senior secured loans, sale-leasebacks, and bareboat charters to owners and operators of oceangoing cargo vessels including tankers, bulkers, container ships, car carriers, as well as offshore vessels and drilling rigs. It will offer financing solutions that will help add value and drive business for customers.
Swiber Wins Siazable Offshore Contracts
Offshore construction & services provider Swiber wins SE Asia & Latin America contracts worth altogether about US$ 143-million. The contracts comprise an approximateā¦
Norsat Introduce VSAT Communications Package
Norsat International launches Global-VSAT, an equipment & global airtime services package to leverage Norsat MarineLinkTM maritime VSAT terminals. The package isā¦
BP Contract Jeppesen Voyage Planning
Jeppesen optimization solutions to be used aboard BP's LNG, Product & Crude Oil vessels to increase efficiency, reduce risks & save fuel. The contract will resultā¦
UK FTA Sulphur Directive Marine Fuel Survey
UK's Freight Transport Association (FTA) conducts survey on whether Sulphur Directive could cause modal shift from sea to road freight. The FTA is asking short seaā¦
Index-Linked Container Contracts Webinar
Drewry & the World Container Index arrange an educational webinar on 5th December 2012 to explain how Index-Linked Container Contracts workāØ. The webinar will examineā¦
Petrobras Charter FPSO for Offshore Brazil Project
Petrobras with partners BG Group and Petrogal Brasi inks charter of the FPSO from Schahin Petróleo e Gás S.A. and Modec Inc. The Floating Production Storage & Offloading vessel (FPSO) will be used in the production development project of the area known as Iracema Norte, in block BM-S-11, in the pre-salt of Santos Basin. The project includes the interconnection of 16 wells to the FPSO - 8 production and 8 injection wells - and production is expected to start in December 2015.
Hapag-Lloyd Increase Q3 2012 Profits
Container ship owners Hapag-Lloyd report increased revenue and profits in the third quarter 2012. Hapag-Lloyd was able to increase freight rates, revenue and results in the third quarter, although the market environment remains challenging. The average freight rate rose year on year by 8% to USD 1,647/TEU. The rate increases initiated by Hapag-Lloyd in the first quarter and implemented in the second quarter had a tangible effect here.
Thuraya Appoints Regional Director N. America
Thuraya names Joseph R. Francis as Regional Director, North America to support the company's work in the government market sector. Mobile satellite services operatorā¦
ASL Marine Group Buys Out Vosta & CFT
Vosta LMG Group of Companies & CFT International acquired by ASL Marine Group subsidiary Leo Dynamische Investering BV. Vosta LMGās business is complementary to the Groupās current business segments of shipbuilding, ship repair and conversion and ship chartering. Apart from synergies to be derived on many aspects of the operations and increasing the scope of services to include design and engineeringā¦
Port Vision to Supply TerminalSmart to Sunoco
PortVision to provide Sunoco Logistics with TerminalSmart dock management system and vessel-tracking services software. PortVision® has signed a three-year agreementā¦
Corvus Batteries to Power Hybrid Ferry Conversion
Corvus Energy to provide worldās largest ever hybrid propulsion marine battery pack for a Scandline diesel-electric ferry conversion. Corvus will provide Scandline with a 2.7MWh power pack consisting of an AT6500 advanced lithium polymer battery system for a conversion in an existing diesel electric ferry that delivers significantly reduced greenhouse gas emissions, improved maintenance costs and optimized engine performance.
Seagull Licensed to Utilize ISF Onboard Training Books
Norwegian training specialist Seagull AS signs a licensing agreement with the International Shipping Federation (ISF). The agreement allows Seagull to utilise electronicā¦
