Bourbon Feels the Pain of Low Oil
The impact of the oil market cycle reaching its bottom was felt in Bourbon in the first half of 2016, as the company announced first half 2016 adjusted revenues of €599.2 million, a 21 percent decline year on year and 11.7 percent reduction compared to 2H 2015. Bourbon believed that its large market share and young fleet were keys to keeping it stronger while others failed, but it appears that the market has caught up to the company too.
USCG Foundation to Present Alaska Awards
The Coast Guard Foundation, a non-profit organization committed to the education and welfare of all Coast Guard members and their families, announced today that…
New Welding Procedure helps Avoid Drydocking
Whittaker Engineering, an independent Engineering, Procurement and Construction (EPC) company, has developed a unique water-backed welding procedure for vessels…
Over 60 Vessels Transit Expanded Panama Canal
The Expanded Panama Canal has transited 69 Neopanamax vessels since the Inauguration on June 26, 2016. Specifically, 40 containerships, 24 liquefied petroleum gas (LPG) carriers…
Is Hanjin Shipping Going Into Court Receivership?
According to a latest report in Korea Times, South Korea's biggest container carrier Hanjin Shipping's efforts to settle the rescheduling deadlines for financing…
Tanker Charter Rates Under Pressure
Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially MRs…
ReCAAP Report on Crew Abduction in SE Asia
In the light of three incidents where the crew of tug boats were abducted in the waters off Eastern Sabah and Southern Philippines, the Regional Cooperation Agreement…
DNV GL Wins Verification Work for Wintershall
DNV GL has been awarded a 5 year contract to provide in-service verification work for Wintershall Noordzee B.V.’s (WINZ) RAVN and A6-A platforms. The two platforms…
Maersk Reroutes Asia - US Service Via Panama
Maersk Line will transform its TP12 service in to a standalone, around-the-world service that provides significantly faster transit times between Far East Asia and the US East Coast.
UASC, Hapag-Lloyd Merger: No Layoffs?
Will there be a layoffs after United Arab Shipping Co (UASC) merging with the German container shipper Hapag-Lloyd? Middle Eastern enterprise UASC expects most of…
Coast Guard Rescues 28 Lives in India
At about 1000 hrs on 02 Aug 2016, Indian Coast Guard Air Station Daman received telephonic information from Valsad Administration (Gujarat) regarding 10 personnel…
NASSCO-Norfolk Wins CVN Maintenance Work
General Dynamics NASSCO–Norfolk said it was awarded the Mid-Atlantic CVN private sector maintenance contract by the U.S. Navy to perform non-nuclear planning and maintenance work during six Chief of Naval Operations (CNO) availabilities on four Nimitz-class aircraft carriers and one Gerald R. Ford-class carrier, home-ported in or visiting Norfolk, Va. The five-year cost-plus-award-fee and incentive…
New Plan Would Make Seattle One of US’ Deepest Ports
A new report published by the U.S. Army Corps of Engineers in partnership with the Port of Seattle outlines a plan that would make the port one of the deepest harbors in North America. Within the Seattle Harbor Navigation Improvement Project Draft Feasibility Report and Environmental Assessment, the two parties have outlined a tentatively selected plan that would deepen the East and West Waterways to 57 feet Mean Lower Low Water (MLLW)…
Engine Startup Aboard New Aussie Destroyer
The gas turbines aboard the Royal Australian Navy’s (RAN) new air warfare destroyer (AWD) Hobart have been commissioned. “This is a huge achievement for the project that everyone should be proud of,” said Michael Clements, Test and Activation (T&A) Manager. In preparation for the engines’ commissioning, a production team undertook the load-out of the gas turbine engines onto the ship, followed by integration, alignment, cable and pipe testing and flushing of the supporting systems.
Singapore Exchange Prepares Offer to Buy Baltic Exchange
Singapore Exchange Ltd (SGX) is readying a formal offer to buy London's Baltic Exchange following months of discussions that culminated in exclusive talks between both parties…
Controllable Pitch Propeller with Water-based Hydraulic System
Otto Piening GmbH, a member company of the DEUTSCHE YACHTEN working group, is venturing for the first time into the development of controllable pitch propellers that can be operated using a water-based hydraulic system in place of oil. This environmentally-friendly, world-first has now been certified by classification society DNV GL and approved for the megayacht market as well as for research, naval and coastguard vessels.
AWO to Hold Subchapter M Info Sessions
The American Waterways Operators (AWO) will hold Subchapter M information sessions open to both members and nonmembers at its summer regional meetings in Portland on August 10, in Pittsburgh on August 17 and in New York on August 24. Subchapter M is one of the most important rulemakings ever to affect the tugboat, towboat and barge industry, and the AWO said it is committed to helping all members successfully navigate the transition to towing vessel inspection.
Damen Bags First Order from US Office
Damen Shipbuilding Group has established a permanent presence in Houston, with the August 1 opening of a new office headed by senior managers Jan van Hogerwou (New Construction) and Ruud Haneveer (Ship Repair & Conversion). The move is part of Damen’s drive to expand its local footprint globally, bring it closer to current and prospective clients and enable a more responsive and personal service, according to the Dutch shipbuilder.
Swiftships Continues Autonomous Watercraft R&D
U.S. shipbuilder Swiftships, LLC has partnered with Virginia-based technology solutions company ICS Nett Inc. (ICS) to continue research and development efforts on the Anaconda, a Special Operation Craft Riverine (SOCR). Together, ICS and Swiftships will strive to transform the Anaconda into a completely autonomous watercraft equipped with Artificial Intelligence (AI) capabilities that is faster and has more complex maneuverability than its predecessor.
This Day In Naval History: August 2
1865 - CSS Shenandoah, commanded by James I. Waddell, encounters the British merchant bark, Barracouta, in the Pacific Ocean and receives the first firm report the…
