USCG Guidance and Reporting Marine Casualties
U.S. Coast Guard Guidance Helps to Bring some Clarity to the Debate. In July 2015, the U.S. Coast Guard released Navigation and Vessel Inspection Circular 01-15 (“NVIC”), titled Marine Casualty Reporting Procedures Guide with Associated Standard Interpretations. The purpose of the NVIC is to assist vessel owners and operators in understanding the marine casualty reporting requirements, which many in the industry think are about as clear as mud.
Complex Hull Shapes Need Sophisticated Assessment
Van Oord asked MARIN to perform a full assessment of the hull lines of its new hopper dredger. Twin gondola aft bodies have been successfully applied to hopper dredgers for many years.
Learn a Lasting Lending Lesson
Two key lending practices and today’s workboat market conditions collide on the waterfront. Which course you choose depends on where you sit. Unless you are involved with your company’s borrowing and credit issues, you may not be well versed in the two principal types of commercial lending. Asset based Lending (ABL) and Cash Flow Lending (CFL) – the cornerstones of commercial credit – are also, in most respects, as different as night and day.
Inside IRClass
Arun Sharma, Chairman & Managing Director, head of IRClass, discusses advances at the classification society as it celebrates 40 years. Indian Register of Shipping (IRClass) is India’s “National” Ship Classification Society, formed to fill the need for having an Indian ship classification society due to the increase in Indian flagged commercial shipping tonnage, post-independence. Accordingly, Sir Ramaswamy Mudaliar first proposed to set up a National Classification Society.
ABS' Wiernicki: The Head of Class
The Head of Class: Christopher J. The global maritime industry faces myriad challenges in the ongoing quest to run safe, profitable operations in an oftentimes tumultuous environment. More than ever vessel owners are faced with daunting regulatory and technical challenges, and the world’s leading classification societies remain the foundation upon which successful marine operations are built. Last month we visited with Christopher J.
LR Awards AIP for GTT Bunkering Concept
GTT, a designer of membrane containment systems for the maritime transportation and storage of liquefied natural gas (LNG), announced that it has received an Approval…
Damen Builds RoPax Ferry for Canada
The Damen 80-meter ice class RoPax ferry MV Veteran handover to the Government of Newfoundland and Labrador (GNL) took place in St. John’s, Newfoundland, Canada on October 23, 2015. Launched earlier this year by Damen Shipyards Galati in Romania on March 27, the vessel will start services from Fogo Island and Change Islands before the end of November. MV Veteran was delivered from the shipyard on time and within budget.
Year Zero for ECDIS Compliance
The right product for the right application is a familiar claim from marine equipment supplier Simrad, but, when compliance with International Maritime Organization (IMO) requirements is at stake, it is a call demanding an immediate response. Compliance with the Safety of Life at Sea (SOLAS) Convention on Electronic Chart Data and Information Systems (ECDIS) is now a matter of urgency. The mandatory…
Improved Efficiency from DFDE Propulsion - Study
Simulations indicate diesel electric propulsion can be a fuel efficient solution for LNG carriers under realistic operating conditions. Power and automation technology…
Oil Spill Halts Loadings from Statoil's Statfjord A Platform
Norway's Statoil has stopped all oil loadings from the Statfjord A platform in the North Sea after an oil spill occurred on Sunday, the company said on Monday, with no impact on production from the platform. "We had a minor leak while preparing to load on Sunday," said Statoil spokesman Morten Eek, who said that some 400 litres of crude had spilled. Sunday's leak is the second one in less than three weeks to occur at the platform. On Oct. 8, a spill shut loadings from one of two buoys.
Fishing Crew Rescued After Engine Fire
A crew of 36 fishermen was rescued Sunday from a Papua New Guinean ship after an engine fire left the fishing vessel disabled roughly 200 miles off Tokelau, a territory…
RINA Group Widens Gas Sector Services
International classification, certification and engineering group RINA said it has widened its services to the global gas industry. While its traditional classification…
Five Killed in Sinking of Whale-watching Boat
Five Britons were killed when a Canadian whale-watching boat sank on Sunday, the British foreign secretary said on Monday. The boat, carrying 27 passengers, sank off the coast of British Columbia on Sunday afternoon, sparking a rescue effort by the Coast Guard, fisherman and private mariners. Five people were confirmed dead and one was missing, while 21 were rescued. "My thoughts are with the family and friends of all those affected by this terrible accident," U.K.
Great Lakes Iron Ore Trade Down in September
Iron ore shipments on the Great Lakes totaled 5.6 million tons in September, a decrease of 20.6 percent compared to a year ago, the Lake Carriers' Association (LCA) reported. Shipments were down 11 percent from the month’s five-year average. Loadings at U.S. ports in September fell 25.5 percent compared to a year ago, while shipments from Canadian ports rose 42.8 percent. Through September, the Lakes/Seaway ore trade stands at 39.1 million tons…
FSL Trust Buys MR Product Tanker
FSL Trust Management Pte. Ltd. (FSLTM), as the trustee-manager of First Ship Lease Trust (FSL Trust), announced that FSL Trust has entered into a memorandum of agreement to purchase a 2007, Japanese-built, 45,998-dwt MR product tanker for $21.8 million. The acquisition will be financed through existing cash reserves that totaled $41.8 million at June 30, 2015. The vessel’s delivery is expected between November 1…
Hapag-Lloyd Likely to Price IPO at 23 eur/share
German container shipping group Hapag-Lloyd is likely to price its initial public offering (IPO) at the bottom of the price range, two people familiar with the process said on Monday.
Bestobell Secures Another Marine Order
Bestobell Marine has secured an order for its cryogenic globe and check valves for the second LNG carrier in the Yamal series of vessels being built at DSME shipyard in South Korea. After winning the contract to supply cryogenic valves to the first vessel that will be owned and operated by Russian company Sovcomflot, the company proved it had the expertise and capabilities to supply the second Yamal vessel, which will be owned and operated by Japanese shipping company Mitsui O.S.K. Lines (MOL).
Kongberg Releases K-SIM Cargo Handling Simulator Model
Press release- Kongsberg Maritime has released its latest K-Sim Cargo simulator model, SCC-II, based on a Suezmax crude oil carrier with 12 cargo tanks and two slop tanks. Shown for the first time at Kongsberg Maritime’s European Simulator User Conference in Gothenburg this September, the new simulator model enables integrated, real-time exercises based on actual ship specifications and performance data on liquid cargo handling operations.
Santos 2015 Exports at Record Pace - Codesp
Brazil's main Port of Santos is forecast to surpass record exports of 114 million tonnes set in 2013 by the end of this year, as the real's depreciation against…
Hurricane Patricia Brings Rain, Flooding to Louisiana
Torrential rainstorms battered Louisiana on Sunday, leaving thousands without power, after pounding southeastern Texas as the remnants of Hurricane Patricia converged with a second storm.
