Boskalis' SMIT Gladstone Towage Business Sold
Royal Boskalis Westminster N.V. (Boskalis) has successfully completed the sale of its Australian harbor towage business to its strategic partner Smit Lamnalco. The…
Costa Concordia Wreck: Winter Weather Precautions
Works to increase stability of the uprighted, but still grounded, wreck are in progress at Giglio island as winter approaches. Adverse weather conditions registered recently, have caused minor movements of the wreck, considered by engineers as settlement on the false seabed, confirm the need to move forward with the so-called winterization measures to further stabilize the wreck for the winter. The Commissioner for the Concordia emergency Franco Gabrielli…
US Coast Guard Propose AIS International Agreement
The US Coast Guard 2012 Annual Report to the American Bar Association mentions, amongst a wealth of information about the service's activities, that Coast Guard attorneys have facilitated the development of principles for member governments wishing to participate in IALA-NET, an AIS (Automatic Identification System). The information sharing network would use the United States’ Marine Security and Safety Information System (MSSIS)…
Shale Adds Up to Make US World's Largest Oil Supplier
U.S. is the world's largest producer of oil in 2013, according to data presented at PIRA Energy Group's recent Retainer Client Seminar held in New York City recently. The U.S.
British Navy Looking to Preserve 'Illustrious' Legacy
The Ministry of Defence is looking for ideas on how best to preserve the legacy of the Royal Navy's Invincible-Class aircraft carriers.The last of the ships, 'HMS Illustrious', is due to retire in late 2014 after 32 years of distinguished service that has seen her involved in operations around the world. Following the announcement last year that the 22,000-tonne ship will be preserved in some form…
Osiris Order Specialist Shallow-water Survey Vessel
Osiris Projects, part of Bibby Marine Survey Services, announce the start of construction by French shipbuilder Socarenam in Boulogne, of a sister ship to 'Bibby Tethra', to be named 'Bibby Athena'. A few subtle changes to the design for the new vessel reflect the company’s development into shallow geotechnical sampling and a more challenging offshore market. Launched in 2011, Bibby Tethra has proven…
Demolished Russian Nuclear Submarine Reactors Find Safe Storage
A huge building containing equipment for dealing with the whole cycle of radioactive waste management is taking shape on the coast of the Barents Sea. Roofing and façade are finished now, and remaining inner engineering systems are being installed, reports the 'Barents Observer'. The complex in the Saida Bay will deal with all kinds of radioactive scrap from the huge reactor compartments of decommissioned…
Tommy Mølgaard Leaves APM Terminals, Appointed Damco CFO
Damco announces the appointment of Tommy Mølgaard as Global Chief Financial Officer. Mølgaard takes up his position in Damco’s Headquarters after occupying the role of Head of Corporate Finance at APM Terminals. Tommy Mølgaard brings with him over twenty years of experience in finance at a senior level in the Logistics sector. He gained extensive experience as CFO at corporate, country, regional and business unit levels- during various assignments with the A.P.
Contractors, B&W, Comment on US Government Shutdown Effect
"B&W is closely monitoring the government shutdown and the effect it could have on our business results and operations. We do not expect any delays or impacts to…
Chinese Cargo Ship Sinks: 8 Crew Dead, 3 Still Missing
Eight crew members of 19 crew aboard a Panama-flagged Chinese-owned 8,461-tonne freighter, died after their vessel sank in rough seas off the South Korean harbour of Pohang, reports Xinhua. The vessel, the CHENGLU15, owned by China’s Lishen International Shipping Group, was standing by to enter Pohang port to discharge cargo when it dragged anchor, collided with the sea wall and sank. China’s Xinhua reported that 18 of the 19 crew members were Chinese…
Venezuela to Free Seized Seismic Survey Ship
Venezuela has agreed to free a U.S.-chartered oil survey ship and 36 crew members seized last week in a territorial dispute with neighboring Guyana, reports Reuters, citing the vessel's owner.
Port of LA September 2013 Container Volumes Top 700,000 TEU's
The Port of Los Angeles has released its September 2013 cargo volumes. September overall volumes totaled 710,892 Twenty-Foot Equivalent (TEU) containers, the third consecutive month volumes exceeded 700,000 TEUs, but compared to September 2012, volumes dropped 4.57 percent. Imports declined by 3.75 percent, from 385,250 TEUs in September 2012 to 370,785 TEUs this September. Exports decreased 12.79 percent, from 172,432 TEUs in September 2012 to 150,380 TEUs in September 2013.
Australia Boosts Funds for SADI Program
Minister for Defence David Johnston has announced the award of more than $10.5 million in grants to more than 120 companies under the most recent round of the Skilling AustraliaÂ’s Defence Industry (SADI) program. Senator Johnston said the funding would provide more than 1000 individual training opportunities to support AustraliaÂ’s defence industry in improving the quality and quantity of skills within its workforce.
Transocean Future Newbuild Drillship Chartered Out
Transocean Ltd. has been awarded a five-year contract by Chevron U.S.A. Inc. for a newbuild dynamically positioned ultra-deepwater drillship. Shipyard delivery is scheduled for the second quarter of 2016. After customer acceptance, the contract is expected to commence in the fourth quarter of 2016, contributing an estimated revenue backlog of approximately $1.1 billion, excluding mobilization. Excluding capitalized interest…
Safe Bulkers Declare Series B Preferred Shares Dividend
Greece-based dry bulk ship owners Safe Bulkers declares a cash dividend of $0.51111 per share on its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares for the period from July 30…
Canada Conducts Spill Response Study
A comprehensive study assessing current marine-spill preparedness and response capabilities was released by the Province today. The study also outlines necessary improvements to achieve a world-class system to ensure B.C.'s coast is protected from potential marine spills. Nuka Research, an international expert in spill preparedness and response, had been commissioned by the provincial government to undertake the study so B.C.
Thailand Product Tanker Reported Missing
ReCAAP ISC reported that the owner of Thailand-registerer oil product tanker, Danai 4 had lost contact with the vessel, and the ship is assumed missing. The owner’s…
Rolls-Royce Design and Equipment for COSCO
Rolls-Royce has won an order to provide an integrated design and equipment package for two offshore supply vessels to be built at COSCO (Guangdong) Shipyard Co., Ltd. in China for the Singapore based Chellsea Group, a company in the offshore oilfield services industry. The two Rolls-Royce UT 771WP platform supply vessels will be the first vessels in Asia featuring the wave piercing bow designed to pierce through the waves in rough seas…
Florida Gov. to Address Port Infrastructure Investments
Florida Governor Rick Scott will serve as the keynote speaker on Wednesday, Oct. 16, at the American Association of Port Authority’s (AAPA) 102nd Annual Convention and Expo in Orlando, Fla., hosted by the Canaveral Port Authority. He will discuss the importance of investing in ports and port-related infrastructure during a luncheon presentation at the AAPA convention. Gov. Scott is a strong proponent for ports, particularly Florida’s 14 deepwater seaports.
Monico and CMR Form Strategic Alliance
Monico Monitoring, Inc., a company in the industrial monitoring and control solutions market, formed a strategic alliance with CMR Group, a manufacturer of industrial engine controls…
